New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (446% increase in shares outstanding). Market cap is less than US$10m (€189.8k market cap, or US$223.4k). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 7.6% 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 Less than 1 year of cash runway based on free cash flow trend (-€4.5m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 7.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 23x increase in shares outstanding). Market cap is less than US$10m (€3.88m market cap, or US$4.41m). New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Shareholders have been substantially diluted in the past year (over 23x increase in shares outstanding). Market cap is less than US$10m (€2.91m market cap, or US$3.25m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • May 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 11x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Market cap is less than US$10m (€1.44m market cap, or US$1.63m). Reported Earnings • Oct 25
First half 2024 earnings released: €0.21 loss per share (vs €0.30 loss in 1H 2023) First half 2024 results: €0.21 loss per share. Revenue: €9.42m (up 4.8% from 1H 2023). Net loss: €7.22m (loss widened 246% from 1H 2023). New Risk • Jul 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.17m (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€5.3m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (349% increase in shares outstanding). Market cap is less than US$10m (€9.17m market cap, or US$9.96m). Buy Or Sell Opportunity • Jun 16
Now 20% undervalued Over the last 90 days, the stock has risen 81% to €0.66. The fair value is estimated to be €0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 16
Now 20% undervalued Over the last 90 days, the stock has risen 81% to €0.66. The fair value is estimated to be €0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (349% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€19.8m market cap, or US$21.3m). Reported Earnings • Jun 09
Full year 2023 earnings released: €0.19 loss per share (vs €0.86 profit in FY 2022) Full year 2023 results: €0.19 loss per share (down from €0.86 profit in FY 2022). Revenue: €29.9m (up 21% from FY 2022). Net loss: €1.31m (down 122% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (349% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€15.8m market cap, or US$16.8m). New Risk • Apr 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 349% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (349% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€12.0m market cap, or US$12.8m). New Risk • Mar 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 37% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (€3.10m market cap, or US$3.34m). Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). New Risk • Jun 23
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 5.0% 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 Risks Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). High level of non-cash earnings (96% accrual ratio). Market cap is less than US$10m (€9.01m market cap, or US$9.81m). Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding). Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman, CEO, President, MD & GM Giuseppe Morfino is the most experienced director on the board, commencing their role in 2002. Independent Director Laura Morgagni was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman, CEO, President, MD & GM Giuseppe Morfino is the most experienced director on the board, commencing their role in 2002. Independent Director Laura Morgagni was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Is New 90 Day High Low • Feb 13
New 90-day high: €2.74 The company is up 6.0% from its price of €2.58 on 13 November 2020. The Italian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: €1.43 The company is down 42% from its price of €2.46 on 01 October 2020. The Italian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: €2.08 The company is down 22% from its price of €2.67 on 08 September 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: €2.15 The company is down 22% from its price of €2.77 on 21 August 2020. The Italian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: €2.30 The company is down 16% from its price of €2.73 on 16 July 2020. The Italian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 19% over the same period. Major Estimate Revision • Oct 02
Analysts lower revenue estimates to €26.0m The 2020 consensus revenue estimate decreased from €33.0m. Earnings per share (EPS) also decreased, with analysts lowering their estimates from -€0.21 to -€0.98 for the same period. The Machinery industry in Italy is expected to see a 8.2% decline in net income next year. The consensus price target was lowered from €3.00 to €2.50. Share price is down by 1.2% to €2.43 over the past week. Is New 90 Day High Low • Sep 28
New 90-day low: €2.40 The company is down 16% from its price of €2.86 on 30 June 2020. The Italian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total losses of €3.72m, with losses widening by 47% from the prior year. Total revenue was €38.1m over the last 12 months, down 31% from the prior year. 공시 • Sep 05
Fidia S.p.A. to Report First Half, 2020 Results on Sep 11, 2020 Fidia S.p.A. announced that they will report first half, 2020 results on Sep 11, 2020