Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Statutory Auditor Elisa Tassoni was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 14
Intred S.p.A., Annual General Meeting, Apr 28, 2026 Intred S.p.A., Annual General Meeting, Apr 28, 2026, at 09:00 W. Europe Standard Time. 공시 • Mar 27
Intred S.p.A. announces Annual dividend, payable on May 13, 2026 Intred S.p.A. announced Annual dividend of EUR 0.1200 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. 공시 • Mar 27
Intred S.p.A. announces Annual dividend, payable on May 14, 2025 Intred S.p.A. announced Annual dividend of EUR 0.1000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025. Reported Earnings • Sep 28
First half 2024 earnings released First half 2024 results: EPS: €0.22. Revenue: €26.0m (up 5.8% from 1H 2023). Net income: €3.54m (down 9.2% from 1H 2023). Profit margin: 14% (down from 16% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Germany. Upcoming Dividend • Apr 29
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%). Reported Earnings • Apr 09
Full year 2023 earnings released Full year 2023 results: Revenue: €50.5m (up 11% from FY 2022). Net income: €8.19m (down 5.6% from FY 2022). Profit margin: 16% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €10.40, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Telecom industry in Germany. Total loss to shareholders of 19% over the past year. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Upcoming Dividend • May 01
Upcoming dividend of €0.07 per share at 0.5% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.3%). Reported Earnings • Apr 15
Full year 2022 earnings released Full year 2022 results: Revenue: €46.1m (up 12% from FY 2021). Net income: €8.67m (flat on FY 2021). Profit margin: 19% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany. Buying Opportunity • Mar 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be €15.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. President of Board of Statutory Auditors Simona De Rossi was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. President of Board of Statutory Auditors Simona De Rossi was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.24 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €23.3m (up 23% from 1H 2021). Net income: €4.27m (up 13% from 1H 2021). Profit margin: 18% (down from 20% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Germany. Buying Opportunity • Aug 12
Now 20% undervalued Over the last 90 days, the stock is up 7.7%. The fair value is estimated to be €18.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • Jun 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €16.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Board Change • Jun 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. President of Board of Statutory Auditors Simona De Rossi was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • May 25
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €18.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Board Change • May 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Giulia Peli was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2021 earnings released Full year 2021 results: Net income: €8.62m (up 41% from FY 2020). Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Giulia Peli was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.