View Future GrowthFNM 과거 순이익 실적과거 기준 점검 5/6FNM은 연평균 13.7%의 비율로 수입이 증가해 온 반면, Transportation 산업은 수입이 24.8% 증가했습니다. 매출은 연평균 14.4%의 비율로 증가했습니다. FNM의 자기자본이익률은 15.5%이고 순이익률은 8.8%입니다.핵심 정보13.68%순이익 성장률12.05%주당순이익(EPS) 성장률Transportation 산업 성장률-9.51%매출 성장률14.40%자기자본이익률15.51%순이익률8.76%다음 순이익 업데이트10 Sep 2026최근 과거 실적 업데이트공시 • Feb 17+ 1 more updateFNM S.p.A. to Report Fiscal Year 2025 Final Results on Mar 19, 2026FNM S.p.A. announced that they will report fiscal year 2025 final results on Mar 19, 2026공시 • Jan 31+ 3 more updatesFNM S.p.A. to Report Q1, 2025 Results on May 14, 2025FNM S.p.A. announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.055 (vs €0.043 in 3Q 2023)Third quarter 2024 results: EPS: €0.055 (up from €0.043 in 3Q 2023). Revenue: €65.0m (down 64% from 3Q 2023). Net income: €24.0m (up 15% from 3Q 2023). Profit margin: 37% (up from 12% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €135.5m (down 30% from 2Q 2023). Net income: €16.8m (down 28% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €146.8m (down 18% from 2Q 2022). Net income: €23.2m (up 26% from 2Q 2022). Profit margin: 16% (up from 10% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe.Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €605.4m (up 3.9% from FY 2021). Net income: €68.5m (up 68% from FY 2021). Profit margin: 11% (up from 7.0% in FY 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Transportation industry in Europe.모든 업데이트 보기Recent updatesDeclared Dividend • May 20Dividend increased to €0.023Dividend of €0.023 is 25% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range.Board Change • May 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Vice Chairman of the Board Gianantonio Arnoldi is the most experienced director on the board, commencing their role in 2015. Independent Director Paola Panzeri 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. Lack of experienced directors.공시 • Mar 24FNM S.p.A. announces Annual dividend, payable on June 03, 2026FNM S.p.A. announced Annual dividend of EUR 0.0230 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.공시 • Feb 17+ 1 more updateFNM S.p.A. to Report Fiscal Year 2025 Final Results on Mar 19, 2026FNM S.p.A. announced that they will report fiscal year 2025 final results on Mar 19, 2026공시 • Mar 26FNM S.p.A. announces Annual dividend, payable on June 04, 2025FNM S.p.A. announced Annual dividend of EUR 0.0184 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.공시 • Jan 31+ 3 more updatesFNM S.p.A. to Report Q1, 2025 Results on May 14, 2025FNM S.p.A. announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.055 (vs €0.043 in 3Q 2023)Third quarter 2024 results: EPS: €0.055 (up from €0.043 in 3Q 2023). Revenue: €65.0m (down 64% from 3Q 2023). Net income: €24.0m (up 15% from 3Q 2023). Profit margin: 37% (up from 12% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €135.5m (down 30% from 2Q 2023). Net income: €16.8m (down 28% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.공시 • Jun 26FNM S.p.A. agreed to acquire remaining 42% stake in Nordcom S.P.A from Tim Group.FNM S.p.A. agreed to acquire remaining 42% stake in Nordcom S.P.A from Tim Group on June 25, 2024. As of year ended 2023, Nordcom reported revenue of €23.5 million, EBITDA of €3.7 million and net income of €1.1 million.Upcoming Dividend • May 27Upcoming dividend of €0.023 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.5%).New Risk • Apr 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change).Declared Dividend • Mar 17Dividend of €0.023 announcedShareholders will receive a dividend of €0.023. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 5.6%, which is higher than the industry average of 3.8%. Sustainability & Growth The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range.New Risk • Mar 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.5% average weekly change).공시 • Feb 02FNM S.p.A., Annual General Meeting, Apr 23, 2024FNM S.p.A., Annual General Meeting, Apr 23, 2024.공시 • Jan 31+ 4 more updatesFNM S.p.A., Annual General Meeting, Apr 22, 2024FNM S.p.A., Annual General Meeting, Apr 22, 2024. Agenda: To approve the Statutory Financial Statements at 31 December 2023.Buying Opportunity • Nov 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 56%. Revenue is forecast to grow by 8.4% in 2 years. Earnings is forecast to decline by 25% in the next 2 years.Reported Earnings • Aug 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €146.8m (down 18% from 2Q 2022). Net income: €23.2m (up 26% from 2Q 2022). Profit margin: 16% (up from 10% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe.Upcoming Dividend • May 29Upcoming dividend of €0.023 per share at 5.2% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.4%).Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €605.4m (up 3.9% from FY 2021). Net income: €68.5m (up 68% from FY 2021). Profit margin: 11% (up from 7.0% in FY 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Transportation industry in Europe.Buying Opportunity • Dec 13Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 6.4%. The fair value is estimated to be €0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 1.5% per annum over the same time period.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.039 (vs €0.074 in 3Q 2021)Third quarter 2022 results: EPS: €0.039 (down from €0.074 in 3Q 2021). Revenue: €120.0m (down 32% from 3Q 2021). Net income: €17.0m (down 51% from 3Q 2021). Profit margin: 14% (down from 20% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Member of Statutory Auditor Massimo Codari is the most experienced director on the board, commencing their role in 2019. 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 • Oct 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €145.6m (down 16% from 2Q 2021). Net income: €18.4m (up €24.0m from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Member of Statutory Auditor Massimo Codari is the most experienced director on the board, commencing their role in 2019. 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 • Nov 14Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €114.7m (up 70% from 3Q 2020). Net income: €34.8m (up 399% from 3Q 2020). Profit margin: 30% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: €146.4m (up 157% from 2Q 2020). Net loss: €5.69m (loss widened 298% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Mar 16New 90-day high: €0.60The company is up 5.0% from a price of €0.58 on 16 December 2020. Underperformed the German market, which is up 9.0% over the last 90 days. Exceeded the Transportation industry, which is down 1.0% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS €0.016The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €82.7m (up 11% from 3Q 2019). Net income: €6.98m (down 23% from 3Q 2019). Profit margin: 8.4% (down from 12% in 3Q 2019). The decrease in margin was driven by higher expenses.Is New 90 Day High Low • Oct 30New 90-day low: €0.42The company is down 4.0% from its price of €0.43 on 31 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Transportation industry, which is flat over the same period.매출 및 비용 세부 내역FNM가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:8FN 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 26861753031 Dec 25874743030 Sep 25937672030 Jun 25938712031 Mar 25939582031 Dec 24909592030 Sep 24846801030 Jun 24794781031 Mar 24759841031 Dec 23751811030 Sep 23706851030 Jun 23696811031 Mar 23681762031 Dec 22675682030 Sep 22651572030 Jun 22657752031 Mar 22636513031 Dec 21584413030 Sep 21505402030 Jun 21405122031 Mar 21322170031 Dec 20293240030 Sep 20284130030 Jun 20283150031 Mar 20278240031 Dec 19281300030 Sep 19277250030 Jun 19278240031 Mar 19275260031 Dec 18271280030 Sep 18256350030 Jun 18227340031 Mar 18206350031 Dec 17185350030 Sep 17183320030 Jun 17179310031 Mar 17182290031 Dec 16178260030 Sep 16175210030 Jun 16175230031 Mar 16177200031 Dec 15178200030 Sep 15181220030 Jun 151792100양질의 수익: 8FN는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 8FN의 현재 순 이익률 (8.8%)은 지난해 (6.2%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 8FN의 수익은 지난 5년 동안 연평균 13.7% 증가했습니다.성장 가속화: 지난 1년간 8FN 의 수익 증가율(30.3%)은 연간 평균(13.7%)을 초과합니다.수익 대 산업: 8FN의 지난 1년 수익 증가율(30.3%)은 Transportation 업계의 23.4%를 상회했습니다.자기자본이익률높은 ROE: 8FN의 자본 수익률(15.5%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTransportation 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/24 12:57종가2026/06/24 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스FNM S.p.A.는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Dario MichiBNP ParibasDomenico GhilottiEquita SIM S.p.A.Stefano GamberiniEquita SIM S.p.A.4명의 분석가 더 보기
공시 • Feb 17+ 1 more updateFNM S.p.A. to Report Fiscal Year 2025 Final Results on Mar 19, 2026FNM S.p.A. announced that they will report fiscal year 2025 final results on Mar 19, 2026
공시 • Jan 31+ 3 more updatesFNM S.p.A. to Report Q1, 2025 Results on May 14, 2025FNM S.p.A. announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.055 (vs €0.043 in 3Q 2023)Third quarter 2024 results: EPS: €0.055 (up from €0.043 in 3Q 2023). Revenue: €65.0m (down 64% from 3Q 2023). Net income: €24.0m (up 15% from 3Q 2023). Profit margin: 37% (up from 12% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €135.5m (down 30% from 2Q 2023). Net income: €16.8m (down 28% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €146.8m (down 18% from 2Q 2022). Net income: €23.2m (up 26% from 2Q 2022). Profit margin: 16% (up from 10% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe.
Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €605.4m (up 3.9% from FY 2021). Net income: €68.5m (up 68% from FY 2021). Profit margin: 11% (up from 7.0% in FY 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Transportation industry in Europe.
Declared Dividend • May 20Dividend increased to €0.023Dividend of €0.023 is 25% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range.
Board Change • May 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Vice Chairman of the Board Gianantonio Arnoldi is the most experienced director on the board, commencing their role in 2015. Independent Director Paola Panzeri 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. Lack of experienced directors.
공시 • Mar 24FNM S.p.A. announces Annual dividend, payable on June 03, 2026FNM S.p.A. announced Annual dividend of EUR 0.0230 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.
공시 • Feb 17+ 1 more updateFNM S.p.A. to Report Fiscal Year 2025 Final Results on Mar 19, 2026FNM S.p.A. announced that they will report fiscal year 2025 final results on Mar 19, 2026
공시 • Mar 26FNM S.p.A. announces Annual dividend, payable on June 04, 2025FNM S.p.A. announced Annual dividend of EUR 0.0184 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.
공시 • Jan 31+ 3 more updatesFNM S.p.A. to Report Q1, 2025 Results on May 14, 2025FNM S.p.A. announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.055 (vs €0.043 in 3Q 2023)Third quarter 2024 results: EPS: €0.055 (up from €0.043 in 3Q 2023). Revenue: €65.0m (down 64% from 3Q 2023). Net income: €24.0m (up 15% from 3Q 2023). Profit margin: 37% (up from 12% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 04Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €135.5m (down 30% from 2Q 2023). Net income: €16.8m (down 28% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
공시 • Jun 26FNM S.p.A. agreed to acquire remaining 42% stake in Nordcom S.P.A from Tim Group.FNM S.p.A. agreed to acquire remaining 42% stake in Nordcom S.P.A from Tim Group on June 25, 2024. As of year ended 2023, Nordcom reported revenue of €23.5 million, EBITDA of €3.7 million and net income of €1.1 million.
Upcoming Dividend • May 27Upcoming dividend of €0.023 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.5%).
New Risk • Apr 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change).
Declared Dividend • Mar 17Dividend of €0.023 announcedShareholders will receive a dividend of €0.023. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 5.6%, which is higher than the industry average of 3.8%. Sustainability & Growth The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range.
New Risk • Mar 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 9.2% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.5% average weekly change).
공시 • Feb 02FNM S.p.A., Annual General Meeting, Apr 23, 2024FNM S.p.A., Annual General Meeting, Apr 23, 2024.
공시 • Jan 31+ 4 more updatesFNM S.p.A., Annual General Meeting, Apr 22, 2024FNM S.p.A., Annual General Meeting, Apr 22, 2024. Agenda: To approve the Statutory Financial Statements at 31 December 2023.
Buying Opportunity • Nov 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 56%. Revenue is forecast to grow by 8.4% in 2 years. Earnings is forecast to decline by 25% in the next 2 years.
Reported Earnings • Aug 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €146.8m (down 18% from 2Q 2022). Net income: €23.2m (up 26% from 2Q 2022). Profit margin: 16% (up from 10% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe.
Upcoming Dividend • May 29Upcoming dividend of €0.023 per share at 5.2% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.4%).
Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €605.4m (up 3.9% from FY 2021). Net income: €68.5m (up 68% from FY 2021). Profit margin: 11% (up from 7.0% in FY 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Transportation industry in Europe.
Buying Opportunity • Dec 13Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 6.4%. The fair value is estimated to be €0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 1.5% per annum over the same time period.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.039 (vs €0.074 in 3Q 2021)Third quarter 2022 results: EPS: €0.039 (down from €0.074 in 3Q 2021). Revenue: €120.0m (down 32% from 3Q 2021). Net income: €17.0m (down 51% from 3Q 2021). Profit margin: 14% (down from 20% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Member of Statutory Auditor Massimo Codari is the most experienced director on the board, commencing their role in 2019. 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 • Oct 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €145.6m (down 16% from 2Q 2021). Net income: €18.4m (up €24.0m from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Member of Statutory Auditor Massimo Codari is the most experienced director on the board, commencing their role in 2019. 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 • Nov 14Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €114.7m (up 70% from 3Q 2020). Net income: €34.8m (up 399% from 3Q 2020). Profit margin: 30% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 02Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: €146.4m (up 157% from 2Q 2020). Net loss: €5.69m (loss widened 298% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Mar 16New 90-day high: €0.60The company is up 5.0% from a price of €0.58 on 16 December 2020. Underperformed the German market, which is up 9.0% over the last 90 days. Exceeded the Transportation industry, which is down 1.0% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS €0.016The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €82.7m (up 11% from 3Q 2019). Net income: €6.98m (down 23% from 3Q 2019). Profit margin: 8.4% (down from 12% in 3Q 2019). The decrease in margin was driven by higher expenses.
Is New 90 Day High Low • Oct 30New 90-day low: €0.42The company is down 4.0% from its price of €0.43 on 31 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Transportation industry, which is flat over the same period.