Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Paolo Lavatelli was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 30
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Paolo Lavatelli was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €45.4m (down 7.6% from 3Q 2023). Net loss: €4.92m (down 440% from profit in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. 공시 • Sep 14
Seco S.p.A. to Report First Half, 2024 Results on Sep 12, 2024 Seco S.p.A. announced that they will report first half, 2024 results on Sep 12, 2024 Reported Earnings • Sep 13
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €49.6m (down 15% from 2Q 2023). Net loss: €5.25m (down 193% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Tech industry in Europe. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.02, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Tech industry in Europe. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.68 per share. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: €0.001 (vs €0.022 in 1Q 2023) First quarter 2024 results: EPS: €0.001 (down from €0.022 in 1Q 2023). Revenue: €48.4m (down 12% from 1Q 2023). Net income: €93.0k (down 96% from 1Q 2023). Profit margin: 0.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Tech industry in Europe. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: €0.09 (vs €0.097 in FY 2022) Full year 2023 results: EPS: €0.09. Revenue: €212.0m (up 4.7% from FY 2022). Net income: €11.9m (up 7.5% from FY 2022). Profit margin: 5.6% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Tech industry in Europe. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €3.67, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Tech industry in Europe. Total loss to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.87 per share. New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.59, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Tech industry in Europe. Total loss to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.23 per share. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €3.25, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Tech industry in Europe. Total loss to shareholders of 34% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.12 per share. Reported Earnings • Sep 14
Second quarter 2023 earnings released Second quarter 2023 results: EPS: €0.048. Revenue: €57.0m (up 10% from 2Q 2022). Net income: €5.65m (up 76% from 2Q 2022). Profit margin: 9.9% (up from 6.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Tech industry in Europe. 공시 • Sep 01
Seco S.p.A. to Report First Half, 2023 Results on Sep 12, 2023 Seco S.p.A. announced that they will report first half, 2023 results on Sep 12, 2023 Board Change • Sep 01
Less than half of directors are independent There are 11 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (8 non-independent directors). Chairman of Board of Statutory Auditors Pierpaolo Guzzo is the most experienced director on the board, commencing their role in 2021. Lead Independent Director Valentina Montanari was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Aug 17
Now 20% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be €5.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last year. Earnings per share has grown by 205%. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 222% in the next 2 years. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: €0.022 (vs €0.014 in 1Q 2022) First quarter 2023 results: EPS: €0.022 (up from €0.014 in 1Q 2022). Revenue: €55.7m (up 29% from 1Q 2022). Net income: €2.56m (up 72% from 1Q 2022). Profit margin: 4.6% (up from 3.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Tech industry in Europe. Board Change • May 17
Less than half of directors are independent There are 11 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (7 non-independent directors). Chairman of Board of Statutory Auditors Pierpaolo Guzzo is the most experienced director on the board, commencing their role in 2021. Lead Independent Director Valentina Montanari was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: €0.10 (vs €0.057 in FY 2021) Full year 2022 results: EPS: €0.10 (up from €0.057 in FY 2021). Revenue: €205.3m (up 81% from FY 2021). Net income: €11.0m (up 166% from FY 2021). Profit margin: 5.4% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Tech industry in Europe. Board Change • Nov 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 15
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €51.8m (up 131% from 2Q 2021). Net income: €3.21m (up 250% from 2Q 2021). Profit margin: 6.2% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Tech industry in Europe. Board Change • Apr 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 05
Full year 2021 earnings released: EPS: €0.057 (vs €5.27 in FY 2020) Full year 2021 results: EPS: €0.057. Revenue: €113.7m (up 48% from FY 2020). Net income: €4.15m (up 2.7% from FY 2020). Profit margin: 3.7% (down from 5.3% in FY 2020). Over the next year, revenue is forecast to grow 69%, compared to a 1.9% growth forecast for the industry in Germany.