View ValuationMARR 향후 성장Future 기준 점검 3/6MARR (는) 각각 연간 21.6% 및 3.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 21.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.3% 로 예상됩니다.핵심 정보21.6%이익 성장률21.31%EPS 성장률Consumer Retailing 이익 성장10.8%매출 성장률3.6%향후 자기자본이익률12.31%애널리스트 커버리지Good마지막 업데이트01 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 103% Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).Reported Earnings • May 18First quarter 2026 earnings released: €0.10 loss per share (vs €0.042 loss in 1Q 2025)First quarter 2026 results: €0.10 loss per share (further deteriorated from €0.042 loss in 1Q 2025). Revenue: €426.0m (up 6.7% from 1Q 2025). Net loss: €6.60m (loss widened 147% from 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • May 11Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 5.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.5%).Buy Or Sell Opportunity • May 06Now 21% overvaluedOver the last 90 days, the stock has fallen 7.1% to €8.51. The fair value is estimated to be €7.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €6.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.29 per share.Declared Dividend • Mar 19Dividend reduced to €0.47Dividend of €0.47 is 22% lower than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 35% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Mar 19MARR S.p.A., Annual General Meeting, Apr 28, 2026MARR S.p.A., Annual General Meeting, Apr 28, 2026, at 10:30 W. Europe Standard Time.공시 • Mar 18MARR S.p.A. announces Annual dividend, payable on May 20, 2026MARR S.p.A. announced Annual dividend of EUR 0.4700 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.Buy Or Sell Opportunity • Mar 16Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to €6.70. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €0.49 (vs €0.66 in FY 2024)Full year 2025 results: EPS: €0.49 (down from €0.66 in FY 2024). Revenue: €2.13b (up 4.5% from FY 2024). Net income: €31.0m (down 28% from FY 2024). Profit margin: 1.5% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • Feb 04+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2025 Results on Mar 13, 2026MARR S.p.A. announced that they will report fiscal year 2025 results on Mar 13, 2026공시 • Jan 22MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million.MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million on January 20, 2026. A consideration of €4.7 million will be paid by MARR S.p.A. As part of consideration, €4.7 million is paid towards common equity of Bergel + Srl. As part of the transaction, Bergel will retain the use of the facility in Zanica. For the period ending December 31, 2025, Bergel + Srl reported total sales of €25 million. MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa on January 20, 2026.Reported Earnings • Nov 17Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.27. Revenue: €649.9m (up 4.4% from 3Q 2024). Net income: €17.4m (down 6.1% from 3Q 2024). Profit margin: 2.7% (down from 3.0% in 3Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom.Board Change • Sep 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: €0.24 (vs €0.25 in 2Q 2024)Second quarter 2025 results: EPS: €0.24 (down from €0.25 in 2Q 2024). Revenue: €595.6m (up 7.9% from 2Q 2024). Net income: €15.3m (down 2.6% from 2Q 2024). Profit margin: 2.6% (down from 2.9% in 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • May 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% 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 (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 152% Minor Risk Large one-off items impacting financial results.Reported Earnings • May 16First quarter 2025 earnings released: €0.042 loss per share (vs €0.026 profit in 1Q 2024)First quarter 2025 results: €0.042 loss per share (down from €0.026 profit in 1Q 2024). Revenue: €409.2m (flat on 1Q 2024). Net loss: €2.68m (down 255% from profit in 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • May 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Upcoming Dividend • May 12Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.3%).New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 (17% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 109% Minor Risk Large one-off items impacting financial results.Declared Dividend • Mar 24Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 24MARR S.p.A., Annual General Meeting, Apr 28, 2025MARR S.p.A., Annual General Meeting, Apr 28, 2025, at 11:00 W. Europe Standard Time.공시 • Mar 18MARR S.p.A. announces Annual dividend, payable on May 21, 2025MARR S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.New Risk • Mar 16New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by cash flows (105% cash payout ratio).Board Change • Feb 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Jan 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Nov 21+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2024 Results on Mar 14, 2025MARR S.p.A. announced that they will report fiscal year 2024 results on Mar 14, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.28 (vs €0.33 in 3Q 2023)Third quarter 2024 results: EPS: €0.28 (down from €0.33 in 3Q 2023). Revenue: €622.7m (up 2.2% from 3Q 2023). Net income: €18.5m (down 15% from 3Q 2023). Profit margin: 3.0% (down from 3.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.25 (vs €0.26 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.26 in 2Q 2023). Revenue: €555.7m (down 1.3% from 2Q 2023). Net income: €15.7m (down 8.5% from 2Q 2023). Profit margin: 2.8% (down from 3.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.026 (vs €0.022 in 1Q 2023)First quarter 2024 results: EPS: €0.026 (up from €0.022 in 1Q 2023). Revenue: €418.1m (flat on 1Q 2023). Net income: €1.73m (up 18% from 1Q 2023). Profit margin: 0.4% (in line with 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 13Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.2%).New Risk • Apr 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).Declared Dividend • Mar 18Dividend increased to €0.60Dividend of €0.60 is 58% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.72 (vs €0.40 in FY 2022)Full year 2023 results: EPS: €0.72 (up from €0.40 in FY 2022). Revenue: €2.09b (up 11% from FY 2022). Net income: €47.1m (up 78% from FY 2022). Profit margin: 2.3% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.33 (vs €0.21 in 3Q 2022)Third quarter 2023 results: EPS: €0.33 (up from €0.21 in 3Q 2022). Revenue: €610.4m (flat on 3Q 2022). Net income: €21.9m (up 54% from 3Q 2022). Profit margin: 3.6% (up from 2.3% in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공시 • Nov 17+ 4 more updatesMARR S.p.A. to Report Fiscal Year 2023 Results on Mar 13, 2024MARR S.p.A. announced that they will report fiscal year 2023 results on Mar 13, 2024Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.26 (vs €0.20 in 2Q 2022)Second quarter 2023 results: EPS: €0.26 (up from €0.20 in 2Q 2022). Revenue: €564.8m (up 5.8% from 2Q 2022). Net income: €17.2m (up 28% from 2Q 2022). Profit margin: 3.0% (up from 2.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 15Upcoming dividend of €0.38 per share at 2.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is on the higher end at 95% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.5%).Reported Earnings • Mar 16Full year 2022 earnings released: EPS: €0.40 (vs €0.53 in FY 2021)Full year 2022 results: EPS: €0.40 (down from €0.53 in FY 2021). Revenue: €1.93b (up 36% from FY 2021). Net income: €26.6m (down 24% from FY 2021). Profit margin: 1.4% (down from 2.5% in FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Oct 06+ 4 more updatesMARR S.p.A. to Report Q1, 2023 Results on May 12, 2023MARR S.p.A. announced that they will report Q1, 2023 results on May 12, 2023Reported Earnings • Aug 05Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €555.6m (up 60% from 2Q 2021). Net income: €13.4m (up 79% from 2Q 2021). Profit margin: 2.4% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 6.1% growth forecast for the industry in the United Kingdom.Reported Earnings • May 16First quarter 2022 earnings released: €0.04 loss per share (vs €0.095 loss in 1Q 2021)First quarter 2022 results: €0.04 loss per share (up from €0.095 loss in 1Q 2021). Revenue: €325.8m (up 77% from 1Q 2021). Net loss: €2.90m (loss narrowed 54% from 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 4.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 16Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of British dividend payers (4.9%). Higher than average of industry peers (4.2%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.53 (up from €0.036 loss in FY 2020). Revenue: €1.46b (up 39% from FY 2020). Net income: €35.1m (up €37.5m from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 19%, compared to a 7.1% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS €0.41 (vs €0.23 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €534.9m (up 34% from 3Q 2020). Net income: €27.2m (up 81% from 3Q 2020). Profit margin: 5.1% (up from 3.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Upcoming Dividend • Oct 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 October 2021. Payment date: 20 October 2021. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (4.2%).Board Change • Sep 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €357.5m (up 96% from 2Q 2020). Net income: €7.45m (up €17.4m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • May 19First quarter 2021 earnings released: €0.095 loss per share (vs €0.061 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €188.6m (down 26% from 1Q 2020). Net loss: €6.30m (loss widened 56% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 18Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.05b (down 37% from FY 2019). Net loss: €2.41m (down 104% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 01New 90-day high: €19.18The company is up 23% from its price of €15.54 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.55 per share.Is New 90 Day High Low • Feb 04New 90-day high: €18.14The company is up 51% from its price of €12.02 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.38 per share.Is New 90 Day High Low • Dec 24New 90-day high: €16.24The company is up 19% from its price of €13.64 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.83 per share.Analyst Estimate Surprise Post Earnings • Nov 17Revenue misses expectationsRevenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 23% compared to a 1.6% decline forecast for the Consumer Retailing industry in the United Kingdom.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS €0.23The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €409.0m (down 18% from 3Q 2019). Net income: €15.1m (down 45% from 3Q 2019). Profit margin: 3.7% (down from 5.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 13New 90-day high: €15.54The company is up 23% from its price of €12.68 on 14 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.73 per share.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 23% share price gain to €14.52, the stock is trading at a trailing P/E ratio of 40.3x, up from the previous P/E ratio of 32.7x. This compares to an average P/E of 21x in the Consumer Retailing industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 24%.Is New 90 Day High Low • Oct 29New 90-day low: €11.52The company is down 10.0% from its price of €12.80 on 30 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.26 per share.Is New 90 Day High Low • Oct 05New 90-day high: €14.12The company is up 12% from its price of €12.58 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.15 per share.이익 및 매출 성장 예측LSE:0NSS - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,32350571412/31/20272,253424162612/31/20262,18234256063/31/20262,09227124N/A12/31/20252,074312954N/A9/30/20252,077372457N/A6/30/20252,045381954N/A3/31/20252,027382556N/A12/31/20242,036433664N/A9/30/20242,007436388N/A6/30/20242,010467293N/A3/31/20242,025475782N/A12/31/20232,032474168N/A9/30/20232,008422446N/A6/30/20232,007351538N/A3/31/20231,97831-162N/A12/31/20221,88127-21-8N/A9/30/20221,830311223N/A6/30/20221,745444560N/A3/31/20221,5583992102N/A12/31/20211,42335110122N/A9/30/20211,26825142156N/A6/30/20211,14513114123N/A3/31/2021979-56177N/A12/31/20201,050-21731N/A9/30/20201,22013-37-26N/A6/30/20201,31825-57-47N/A3/31/20201,58556-27N/A12/31/20191,65467N/A78N/A9/30/20191,64167N/A87N/A6/30/20191,64068N/A83N/A3/31/20191,62768N/A78N/A12/31/20181,63069N/A57N/A9/30/20181,61768N/A76N/A6/30/20181,60267N/A87N/A3/31/20181,59766N/A84N/A12/31/20171,58866N/A67N/A9/30/20171,56162N/A56N/A6/30/20171,55060N/A49N/A3/31/20171,52759N/A64N/A12/31/20161,50459N/A88N/A9/30/20161,49259N/A77N/A6/30/20161,46560N/A66N/A3/31/20161,45059N/A60N/A12/31/20151,44158N/A63N/A9/30/20151,43956N/A66N/A6/30/20151,42052N/A78N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0NSS 의 연간 예상 수익 증가율(21.6%)이 saving rate(3.4%)보다 높습니다.수익 vs 시장: 0NSS 의 연간 수익(21.6%)이 UK 시장(11.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 0NSS 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 0NSS 의 수익(연간 3.6%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 0NSS 의 수익(연간 3.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0NSS의 자본 수익률은 3년 후 12.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-retailing 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/14 21:52종가2026/06/12 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 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스MARR S.p.A.는 10명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Paola SagliettiBanca Akros S.p.A. (ESN)Anna FrontaniBerenbergMichele BaldelliBNP Paribas7명의 분석가 더 보기
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 103% Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin).
Reported Earnings • May 18First quarter 2026 earnings released: €0.10 loss per share (vs €0.042 loss in 1Q 2025)First quarter 2026 results: €0.10 loss per share (further deteriorated from €0.042 loss in 1Q 2025). Revenue: €426.0m (up 6.7% from 1Q 2025). Net loss: €6.60m (loss widened 147% from 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • May 11Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 5.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.5%).
Buy Or Sell Opportunity • May 06Now 21% overvaluedOver the last 90 days, the stock has fallen 7.1% to €8.51. The fair value is estimated to be €7.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €6.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.29 per share.
Declared Dividend • Mar 19Dividend reduced to €0.47Dividend of €0.47 is 22% lower than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 35% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Mar 19MARR S.p.A., Annual General Meeting, Apr 28, 2026MARR S.p.A., Annual General Meeting, Apr 28, 2026, at 10:30 W. Europe Standard Time.
공시 • Mar 18MARR S.p.A. announces Annual dividend, payable on May 20, 2026MARR S.p.A. announced Annual dividend of EUR 0.4700 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
Buy Or Sell Opportunity • Mar 16Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to €6.70. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.6%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €0.49 (vs €0.66 in FY 2024)Full year 2025 results: EPS: €0.49 (down from €0.66 in FY 2024). Revenue: €2.13b (up 4.5% from FY 2024). Net income: €31.0m (down 28% from FY 2024). Profit margin: 1.5% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • Feb 04+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2025 Results on Mar 13, 2026MARR S.p.A. announced that they will report fiscal year 2025 results on Mar 13, 2026
공시 • Jan 22MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million.MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa for €4.7 million on January 20, 2026. A consideration of €4.7 million will be paid by MARR S.p.A. As part of consideration, €4.7 million is paid towards common equity of Bergel + Srl. As part of the transaction, Bergel will retain the use of the facility in Zanica. For the period ending December 31, 2025, Bergel + Srl reported total sales of €25 million. MARR S.p.A. (BIT:MARR) acquired Bergel + Srl from Ortofrutticola Srl Di Genovesi E Anversa on January 20, 2026.
Reported Earnings • Nov 17Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.27. Revenue: €649.9m (up 4.4% from 3Q 2024). Net income: €17.4m (down 6.1% from 3Q 2024). Profit margin: 2.7% (down from 3.0% in 3Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in the United Kingdom.
Board Change • Sep 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: €0.24 (vs €0.25 in 2Q 2024)Second quarter 2025 results: EPS: €0.24 (down from €0.25 in 2Q 2024). Revenue: €595.6m (up 7.9% from 2Q 2024). Net income: €15.3m (down 2.6% from 2Q 2024). Profit margin: 2.6% (down from 2.9% in 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • May 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% 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 (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 152% Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 16First quarter 2025 earnings released: €0.042 loss per share (vs €0.026 profit in 1Q 2024)First quarter 2025 results: €0.042 loss per share (down from €0.026 profit in 1Q 2024). Revenue: €409.2m (flat on 1Q 2024). Net loss: €2.68m (down 255% from profit in 1Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • May 14Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Upcoming Dividend • May 12Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.3%).
New Risk • Apr 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 (17% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 109% Minor Risk Large one-off items impacting financial results.
Declared Dividend • Mar 24Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 24MARR S.p.A., Annual General Meeting, Apr 28, 2025MARR S.p.A., Annual General Meeting, Apr 28, 2025, at 11:00 W. Europe Standard Time.
공시 • Mar 18MARR S.p.A. announces Annual dividend, payable on May 21, 2025MARR S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
New Risk • Mar 16New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Dividend is not well covered by cash flows (105% cash payout ratio).
Board Change • Feb 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Jan 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Statutory Auditor Simona Muratori was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Nov 21+ 3 more updatesMARR S.p.A. to Report Fiscal Year 2024 Results on Mar 14, 2025MARR S.p.A. announced that they will report fiscal year 2024 results on Mar 14, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.28 (vs €0.33 in 3Q 2023)Third quarter 2024 results: EPS: €0.28 (down from €0.33 in 3Q 2023). Revenue: €622.7m (up 2.2% from 3Q 2023). Net income: €18.5m (down 15% from 3Q 2023). Profit margin: 3.0% (down from 3.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.25 (vs €0.26 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.26 in 2Q 2023). Revenue: €555.7m (down 1.3% from 2Q 2023). Net income: €15.7m (down 8.5% from 2Q 2023). Profit margin: 2.8% (down from 3.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.026 (vs €0.022 in 1Q 2023)First quarter 2024 results: EPS: €0.026 (up from €0.022 in 1Q 2023). Revenue: €418.1m (flat on 1Q 2023). Net income: €1.73m (up 18% from 1Q 2023). Profit margin: 0.4% (in line with 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 13Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.2%).
New Risk • Apr 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).
Declared Dividend • Mar 18Dividend increased to €0.60Dividend of €0.60 is 58% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.72 (vs €0.40 in FY 2022)Full year 2023 results: EPS: €0.72 (up from €0.40 in FY 2022). Revenue: €2.09b (up 11% from FY 2022). Net income: €47.1m (up 78% from FY 2022). Profit margin: 2.3% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.33 (vs €0.21 in 3Q 2022)Third quarter 2023 results: EPS: €0.33 (up from €0.21 in 3Q 2022). Revenue: €610.4m (flat on 3Q 2022). Net income: €21.9m (up 54% from 3Q 2022). Profit margin: 3.6% (up from 2.3% in 3Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공시 • Nov 17+ 4 more updatesMARR S.p.A. to Report Fiscal Year 2023 Results on Mar 13, 2024MARR S.p.A. announced that they will report fiscal year 2023 results on Mar 13, 2024
Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: €0.26 (vs €0.20 in 2Q 2022)Second quarter 2023 results: EPS: €0.26 (up from €0.20 in 2Q 2022). Revenue: €564.8m (up 5.8% from 2Q 2022). Net income: €17.2m (up 28% from 2Q 2022). Profit margin: 3.0% (up from 2.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 15Upcoming dividend of €0.38 per share at 2.8% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is on the higher end at 95% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.5%).
Reported Earnings • Mar 16Full year 2022 earnings released: EPS: €0.40 (vs €0.53 in FY 2021)Full year 2022 results: EPS: €0.40 (down from €0.53 in FY 2021). Revenue: €1.93b (up 36% from FY 2021). Net income: €26.6m (down 24% from FY 2021). Profit margin: 1.4% (down from 2.5% in FY 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Oct 06+ 4 more updatesMARR S.p.A. to Report Q1, 2023 Results on May 12, 2023MARR S.p.A. announced that they will report Q1, 2023 results on May 12, 2023
Reported Earnings • Aug 05Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €555.6m (up 60% from 2Q 2021). Net income: €13.4m (up 79% from 2Q 2021). Profit margin: 2.4% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 6.1% growth forecast for the industry in the United Kingdom.
Reported Earnings • May 16First quarter 2022 earnings released: €0.04 loss per share (vs €0.095 loss in 1Q 2021)First quarter 2022 results: €0.04 loss per share (up from €0.095 loss in 1Q 2021). Revenue: €325.8m (up 77% from 1Q 2021). Net loss: €2.90m (loss narrowed 54% from 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 4.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 16Upcoming dividend of €0.47 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of British dividend payers (4.9%). Higher than average of industry peers (4.2%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.53 (up from €0.036 loss in FY 2020). Revenue: €1.46b (up 39% from FY 2020). Net income: €35.1m (up €37.5m from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 19%, compared to a 7.1% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS €0.41 (vs €0.23 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €534.9m (up 34% from 3Q 2020). Net income: €27.2m (up 81% from 3Q 2020). Profit margin: 5.1% (up from 3.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Upcoming Dividend • Oct 11Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 18 October 2021. Payment date: 20 October 2021. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (4.2%).
Board Change • Sep 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Alessandro Nova was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €357.5m (up 96% from 2Q 2020). Net income: €7.45m (up €17.4m from 2Q 2020). Profit margin: 2.1% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 19First quarter 2021 earnings released: €0.095 loss per share (vs €0.061 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €188.6m (down 26% from 1Q 2020). Net loss: €6.30m (loss widened 56% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 18Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.05b (down 37% from FY 2019). Net loss: €2.41m (down 104% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 01New 90-day high: €19.18The company is up 23% from its price of €15.54 on 01 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.55 per share.
Is New 90 Day High Low • Feb 04New 90-day high: €18.14The company is up 51% from its price of €12.02 on 06 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.38 per share.
Is New 90 Day High Low • Dec 24New 90-day high: €16.24The company is up 19% from its price of €13.64 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.83 per share.
Analyst Estimate Surprise Post Earnings • Nov 17Revenue misses expectationsRevenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 23% compared to a 1.6% decline forecast for the Consumer Retailing industry in the United Kingdom.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS €0.23The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €409.0m (down 18% from 3Q 2019). Net income: €15.1m (down 45% from 3Q 2019). Profit margin: 3.7% (down from 5.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 13New 90-day high: €15.54The company is up 23% from its price of €12.68 on 14 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.73 per share.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 23% share price gain to €14.52, the stock is trading at a trailing P/E ratio of 40.3x, up from the previous P/E ratio of 32.7x. This compares to an average P/E of 21x in the Consumer Retailing industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 24%.
Is New 90 Day High Low • Oct 29New 90-day low: €11.52The company is down 10.0% from its price of €12.80 on 30 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.26 per share.
Is New 90 Day High Low • Oct 05New 90-day high: €14.12The company is up 12% from its price of €12.58 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.15 per share.