New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • May 17
First quarter 2026 earnings released First quarter 2026 results: €0.23 loss per share. Revenue: €147.6m (down 3.7% from 1Q 2025). Net loss: €6.26m (loss widened 123% from 1Q 2025). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Price Target Changed • May 15
Price target decreased by 11% to €6.75 Down from €7.55, the current price target is an average from 2 analysts. New target price is 25% above last closing price of €5.40. Stock is down 27% over the past year. The company is forecast to post earnings per share of €0.036 next year compared to a net loss per share of €0.71 last year. Buy Or Sell Opportunity • Mar 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to €4.95. The fair value is estimated to be €6.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Mar 15
Full year 2025 earnings released Full year 2025 results: Revenue: €670.4m (down 11% from FY 2024). Net loss: €19.6m (down €23.3m from profit in FY 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 32% per year over the past 5 years. New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Oct 30
Third quarter 2025 earnings released Third quarter 2025 results: €0.066 loss per share. Revenue: €164.2m (flat on 3Q 2024). Net loss: €1.81m (loss widened 34% from 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 29
Price target decreased by 9.0% to €7.55 Down from €8.30, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €5.88. Stock is down 25% over the past year. The company is forecast to post a net loss per share of €0.23 compared to earnings per share of €0.14 last year. Reported Earnings • Aug 04
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €169.5m (down 15% from 2Q 2024). Net loss: €4.28m (down 498% from profit in 2Q 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Machinery industry in Italy. Price Target Changed • May 19
Price target decreased by 13% to €8.30 Down from €9.50, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €7.41. Stock is down 38% over the past year. The company is forecast to post earnings per share of €0 for next year compared to €0.14 last year. Price Target Changed • May 16
Price target decreased by 10.0% to €9.00 Down from €10.00, the current price target is an average from 2 analysts. New target price is 22% above last closing price of €7.40. Stock is down 40% over the past year. The company is forecast to post earnings per share of €0.072 for next year compared to €0.14 last year. Reported Earnings • May 16
First quarter 2025 earnings released First quarter 2025 results: Revenue: €155.4m (down 21% from 1Q 2024). Net loss: €2.81m (down 199% from profit in 1Q 2024). Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Machinery industry in Italy. Price Target Changed • Apr 30
Price target decreased by 9.5% to €9.50 Down from €10.50, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €6.82. Stock is down 44% over the past year. The company is forecast to post earnings per share of €0.072 for next year compared to €0.14 last year. Upcoming Dividend • Apr 28
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 07 May 2025. Trailing yield: 0.6%. Lower than top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (1.8%). Major Estimate Revision • Mar 25
Consensus EPS estimates fall by 83% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €751.8m to €717.0m. EPS estimate also fell from €0.419 per share to €0.072 per share. Net income forecast to shrink 47% next year vs 1.7% growth forecast for Machinery industry in Italy . Consensus price target down from €11.30 to €10.00. Share price fell 3.6% to €7.33 over the past week. Declared Dividend • Mar 19
Dividend reduced to €0.04 Dividend of €0.04 is 71% lower than last year. Ex-date: 5th May 2025 Payment date: 7th May 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.1%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 288%. 공시 • Mar 19
Biesse S.p.A. announces Annual dividend, payable on May 07, 2025 Biesse S.p.A. announced Annual dividend of EUR 0.0400 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. Price Target Changed • Mar 17
Price target decreased by 9.1% to €10.50 Down from €11.55, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €7.55. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.42 for next year compared to €0.14 last year. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €7.03, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Machinery industry in Italy. Total loss to shareholders of 51% over the past three years. New Risk • Mar 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 10x cash flows per share. Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Oct 28
Third quarter 2024 earnings released Third quarter 2024 results: €0.049 loss per share. Revenue: €165.1m (down 7.0% from 3Q 2023). Net loss: €1.35m (loss narrowed 62% from 3Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Italy. Price Target Changed • Aug 28
Price target decreased by 8.8% to €13.20 Down from €14.47, the current price target is an average from 2 analysts. New target price is 42% above last closing price of €9.29. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.44 for next year compared to €0.46 last year. Reported Earnings • Jul 31
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €202.7m (down 2.9% from 2Q 2023). Net income: €1.08m (down 85% from 2Q 2023). Profit margin: 0.5% (down from 3.4% in 2Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in Italy. Reported Earnings • May 16
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.10. Revenue: €198.0m (down 5.5% from 1Q 2023). Net income: €2.85m (down 77% from 1Q 2023). Profit margin: 1.4% (down from 5.9% in 1Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Italy. Declared Dividend • Mar 25
Dividend of €0.14 announced Shareholders will receive a dividend of €0.14. Ex-date: 6th May 2024 Payment date: 8th May 2024 Dividend yield will be 1.2%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 66% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 17
Full year 2023 earnings: Revenues in line with analyst expectations Full year 2023 results: Revenue: €791.5m (down 3.8% from FY 2022). Net income: €12.5m (down 59% from FY 2022). Profit margin: 1.6% (down from 3.7% in FY 2022). Revenue was in line with analyst estimates. Revenue is expected to decline by 1.5% p.a. on average during the next 2 years, while revenues in the Machinery industry in Italy are expected to grow by 5.7%. 공시 • Jan 30
Biesse S.p.A. completed the acquisition of Gmm Finance S.R.L. for €69 million. Biesse S.p.A. (BIT:BSS) signed a contract to acquire Gmm Finance S.R.L. from Consilium Private Equity Fund III managed by Consilium SGR p.A. and Fgl Holding S.R.L. for €72 million on December 21, 2023. The transaction is expected to close on February 15, 2024.Biesse S.p.A. completed the acquisition of Gmm Finance S.R.L. for €69 million on January 29, 2024. Reported Earnings • Oct 29
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €181.8m (down 6.4% from 3Q 2022). Net loss: €3.56m (down 165% from profit in 3Q 2022). Revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Machinery industry in Italy are expected to grow by 6.3%. New Risk • Oct 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €214.1m (down 3.8% from 2Q 2022). Net income: €7.18m (down 25% from 2Q 2022). Profit margin: 3.4% (down from 4.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Machinery industry in Italy are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • May 23
Price target decreased by 8.1% to €18.83 Down from €20.50, the current price target is an average from 3 analysts. New target price is 48% above last closing price of €12.72. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.90 for next year compared to €1.10 last year. Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: €211.6m (up 7.6% from 1Q 2022). Net income: €12.3m (up 26% from 1Q 2022). Profit margin: 5.8% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.9% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 01
Upcoming dividend of €0.33 per share at 2.4% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 30% and the cash payout ratio is 85%. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (1.0%). Reported Earnings • Mar 16
Full year 2022 earnings released Full year 2022 results: Revenue: €830.8m (up 12% from FY 2021). Net income: €30.3m (down 11% from FY 2021). Profit margin: 3.6% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 8.2% growth forecast for the Machinery industry in Italy. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €17.43, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Machinery industry in Italy. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.48 per share. Price Target Changed • Nov 16
Price target decreased to €18.83 Down from €22.33, the current price target is an average from 3 analysts. New target price is 47% above last closing price of €12.81. Stock is down 50% over the past year. The company is forecast to post earnings per share of €1.12 for next year compared to €1.24 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. 2 highly experienced directors. Statutory Auditor Giovanni Ciurlo is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €11.28, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Machinery industry in Italy. Total loss to shareholders of 10% over the past three years. Price Target Changed • Oct 31
Price target decreased to €19.17 Down from €22.33, the current price target is an average from 3 analysts. New target price is 57% above last closing price of €12.19. Stock is down 56% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €1.24 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €199.6m (up 16% from 3Q 2021). Net income: €5.46m (down 22% from 3Q 2021). Profit margin: 2.7% (down from 4.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Machinery industry in Italy are expected to grow by 9.3%. Major Estimate Revision • Aug 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €1.00 to €1.12. Revenue forecast steady at €804.7m. Net income forecast to grow 25% next year vs 20% growth forecast for Machinery industry in Italy. Consensus price target down from €22.90 to €22.33. Share price fell 6.2% to €13.01 over the past week. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: €0.35 (vs €0.79 in 2Q 2021) Second quarter 2022 results: EPS: €0.35 (down from €0.79 in 2Q 2021). Revenue: €222.5m (up 15% from 2Q 2021). Net income: €9.58m (down 55% from 2Q 2021). Profit margin: 4.3% (down from 11% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €14.19, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Machinery industry in Italy. Negligible returns to shareholders over past three years. Reported Earnings • May 16
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: €197.6m (up 22% from 1Q 2021). Net income: €9.76m (up 43% from 1Q 2021). Profit margin: 4.9% (up from 4.2% in 1Q 2021). Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 4.4%, compared to a 18% growth forecast for the industry in Italy. Upcoming Dividend • May 16
Upcoming dividend of €0.62 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Trailing yield: 3.8%. Lower than top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (1.2%). Major Estimate Revision • May 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.67 to €0.91. Revenue forecast unchanged at €801.5m. Net income forecast to shrink 19% next year vs 23% growth forecast for Machinery industry in Italy . Consensus price target of €23.83 unchanged from last update. Share price rose 13% to €16.20 over the past week. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 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). Statutory Auditor Giovanni Ciurlo is the most experienced director on the board, commencing their role in 2006. Independent Director Ferruccio Borsani was the last independent director to join the board, commencing their role in 2021. 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. Major Estimate Revision • Mar 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.57 to €0.67. Revenue forecast steady at €801.5m. Net income forecast to shrink 49% next year vs 35% growth forecast for Machinery industry in Italy . Consensus price target broadly unchanged at €23.83. Share price rose 6.8% to €17.15 over the past week. Major Estimate Revision • Mar 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €787.2m to €800.2m. EPS estimate fell from €1.23 to €0.57 per share. Net income forecast to shrink 49% next year vs 29% growth forecast for Machinery industry in Italy . Consensus price target down from €32.33 to €23.37. Share price fell 12% to €15.54 over the past week. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €749.2m (up 29% from FY 2020). Net income: €34.2m (up €31.7m from FY 2020). Profit margin: 4.6% (up from 0.4% in FY 2020). Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 5.1%, compared to a 18% growth forecast for the industry in Italy. Price Target Changed • Mar 15
Price target decreased to €23.37 Down from €32.07, the current price target is an average from 3 analysts. New target price is 60% above last closing price of €14.60. Stock is down 33% over the past year. The company is forecast to post earnings per share of €1.09 for next year compared to €0.092 last year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €15.72, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Machinery industry in Italy. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.02 per share. Buying Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €24.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% per annum over the last 3 years. Earnings per share has grown by 641% over the last year. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS €0.26 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €172.9m (up 22% from 3Q 2020). Net income: €7.07m (up 174% from 3Q 2020). Profit margin: 4.1% (up from 1.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 02
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €212.6m (up 98% from 2Q 2020). Net income: €21.5m (up €22.5m from 2Q 2020). Profit margin: 10% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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. Price Target Changed • Aug 02
Price target increased to €31.20 Up from €28.30, the current price target is an average from 3 analysts. New target price is 6.5% above last closing price of €29.30. Stock is up 125% over the past year. Major Estimate Revision • Jul 28
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from €0.72 to €0.99. Revenue forecast steady at €677.9m. Net income forecast to grow 387% next year vs 45% growth forecast for Machinery industry in Italy. Consensus price target up from €28.30 to €29.47. Share price rose 15% to €33.02 over the past week. Price Target Changed • May 18
Price target increased to €28.30 Up from €26.07, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €29.00. Stock is up 254% over the past year. Reported Earnings • May 15
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €162.5m (up 8.9% from 1Q 2020). Net income: €6.82m (up 222% from 1Q 2020). Profit margin: 4.2% (up from 1.4% in 1Q 2020). Major Estimate Revision • May 14
Consensus EPS estimates fall to €0.47 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €650.6m to €636.7m. EPS estimate also fell from €0.77 to €0.47. Net income forecast to grow 943% next year vs 71% growth forecast for Machinery industry in Italy. Consensus price target up from €26.07 to €27.17. Share price was steady at €25.72 over the past week. Price Target Changed • May 13
Price target increased to €27.17 Up from €25.20, the current price target is an average from 3 analysts. New target price is 6.0% above last closing price of €25.62. Stock is up 241% over the past year. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS €0.092 (vs €0.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €578.8m (down 18% from FY 2019). Net income: €2.53m (down 81% from FY 2019). Profit margin: 0.4% (down from 1.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €584.6m (down 18% from FY 2019). Net income: €2.46m (down 81% from FY 2019). Profit margin: 0.4% (down from 1.8% in FY 2019). Is New 90 Day High Low • Feb 04
New 90-day high: €22.34 The company is up 36% from its price of €16.46 on 06 November 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery 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 €16.39 per share. Price Target Changed • Feb 03
Price target raised to €21.33 Up from €18.57, the current price target is an average from 4 analysts. The new target price is close to the current share price of €20.90. As of last close, the stock is up 30% over the past year.