View Future GrowthRacing Force 과거 순이익 실적과거 기준 점검 2/6Racing Force은 연평균 5.9%의 비율로 수입이 증가해 온 반면, Leisure 산업은 수입이 18.1% 증가했습니다. 매출은 연평균 11.6%의 비율로 증가했습니다. Racing Force의 자기자본이익률은 8.7%이고 순이익률은 7.4%입니다.핵심 정보5.93%순이익 성장률-6.64%주당순이익(EPS) 성장률Leisure 산업 성장률17.07%매출 성장률11.62%자기자본이익률8.68%순이익률7.43%다음 순이익 업데이트29 Sep 2026최근 과거 실적 업데이트Reported Earnings • Mar 31Full year 2025 earnings releasedFull year 2025 results: Revenue: €73.1m (up 11% from FY 2024). Net income: €5.43m (down 6.4% from FY 2024). Profit margin: 7.4% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Leisure industry in Italy.공지 • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.16 (vs €0.20 in 1H 2024)First half 2025 results: EPS: €0.16 (down from €0.20 in 1H 2024). Revenue: €39.3m (up 4.6% from 1H 2024). Net income: €4.25m (down 21% from 1H 2024). Profit margin: 11% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Leisure industry in Italy.공지 • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025분석 기사 • Apr 26Racing Force's (BIT:RFG) Weak Earnings May Only Reveal A Part Of The Whole PictureRacing Force S.P.A.'s ( BIT:RFG ) recent weak earnings report didn't cause a big stock movement. We think that...Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe.모든 업데이트 보기Recent updatesUpcoming Dividend • May 04Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (2.4%).Reported Earnings • Mar 31Full year 2025 earnings releasedFull year 2025 results: Revenue: €73.1m (up 11% from FY 2024). Net income: €5.43m (down 6.4% from FY 2024). Profit margin: 7.4% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Leisure industry in Italy.Declared Dividend • Mar 29Dividend increased to €0.095Dividend of €0.095 is 5.6% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.공지 • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026Buy Or Sell Opportunity • Nov 24Now 21% undervaluedOver the last 90 days, the stock has risen 1.9% to €4.89. The fair value is estimated to be €6.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.Buy Or Sell Opportunity • Nov 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.6% to €4.94. The fair value is estimated to be €6.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.16 (vs €0.20 in 1H 2024)First half 2025 results: EPS: €0.16 (down from €0.20 in 1H 2024). Revenue: €39.3m (up 4.6% from 1H 2024). Net income: €4.25m (down 21% from 1H 2024). Profit margin: 11% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Leisure industry in Italy.Buy Or Sell Opportunity • Aug 07Now 21% undervaluedOver the last 90 days, the stock has risen 13% to €4.71. The fair value is estimated to be €5.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period.Upcoming Dividend • May 05Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (3.2%).분석 기사 • May 02Racing Force (BIT:RFG) Is Paying Out A Dividend Of €0.09The board of Racing Force S.P.A. ( BIT:RFG ) has announced that it will pay a dividend on the 14th of May, with...공지 • Apr 10Racing Force S.P.A., Annual General Meeting, Apr 29, 2025Racing Force S.P.A., Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.Buy Or Sell Opportunity • Apr 02Now 21% undervaluedOver the last 90 days, the stock has risen 8.6% to €4.18. The fair value is estimated to be €5.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period.분석 기사 • Apr 01Racing Force (BIT:RFG) Has Affirmed Its Dividend Of €0.09Racing Force S.P.A.'s ( BIT:RFG ) investors are due to receive a payment of €0.09 per share on 14th of May. This...Declared Dividend • Mar 31Dividend of €0.09 announcedDividend of €0.09 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 8.7% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.분석 기사 • Feb 05Racing Force (BIT:RFG) May Have Issues Allocating Its CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...공지 • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025New Risk • Jul 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.7% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding).Upcoming Dividend • May 06Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (3.4%).분석 기사 • Apr 26Racing Force's (BIT:RFG) Weak Earnings May Only Reveal A Part Of The Whole PictureRacing Force S.P.A.'s ( BIT:RFG ) recent weak earnings report didn't cause a big stock movement. We think that...Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe.New Risk • Apr 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin).분석 기사 • Mar 15The Returns On Capital At Racing Force (BIT:RFG) Don't Inspire ConfidenceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin).Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 13%After last week's 13% share price decline to €4.62, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Leisure industry in Europe. Total loss to shareholders of 11% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.22 per share.Major Estimate Revision • Feb 07Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €64.5m to €62.8m. EPS estimate also fell from €0.222 per share to €0.175 per share. Net income forecast to shrink 9.9% next year vs 23% growth forecast for Leisure industry in Italy . Consensus price target down from €6.40 to €6.10. Share price fell 13% to €4.62 over the past week.Major Estimate Revision • Sep 28Consensus EPS estimates fall by 17%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €64.5m to €65.4m. EPS estimate fell from €0.28 to €0.232 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Leisure industry in Italy. Consensus price target down from €6.80 to €6.45. Share price fell 7.8% to €5.22 over the past week.New Risk • Sep 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).Reported Earnings • Sep 24First half 2023 earnings releasedFirst half 2023 results: Revenue: €37.2m (up 11% from 1H 2022). Net income: €4.88m (down 30% from 1H 2022). Profit margin: 13% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.Buying Opportunity • Sep 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.5%. The fair value is estimated to be €7.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 49% in the next 2 years.New Risk • Sep 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.8% Last year net profit margin: 14% 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: Minor Risks Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).Upcoming Dividend • May 08Upcoming dividend of €0.09 per share at 1.5% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 1.5%. Lower than top quartile of Italian dividend payers (5.2%). Lower than average of industry peers (2.4%).분석 기사 • Apr 26We Think That There Are Issues Underlying Racing Force's (BIT:RFG) EarningsRacing Force S.P.A. ( BIT:RFG ) just reported some strong earnings, and the market reacted accordingly with a healthy...분석 기사 • Apr 23Racing Force S.P.A. (BIT:RFG) Annual Results: Here's What Analysts Are Forecasting For This YearIt's been a good week for Racing Force S.P.A. ( BIT:RFG ) shareholders, because the company has just released its...Reported Earnings • Apr 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €58.9m (up 26% from FY 2021). Net income: €7.55m (up 81% from FY 2021). Profit margin: 13% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe.공지 • Jan 13Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million.Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,941,748 Price\Range: €5.15 Transaction Features: Subsequent Direct ListingReported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €33.6m (up 35% from 1H 2021). Net income: €6.94m (up 93% from 1H 2021). Profit margin: 21% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe.매출 및 비용 세부 내역Racing Force가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BIT:RFG 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 2573536030 Sep 2570534030 Jun 2567532031 Mar 2567532031 Dec 2466631030 Sep 2464630030 Jun 2463530031 Mar 2463530031 Dec 2363530030 Sep 2363529030 Jun 2362529031 Mar 2361727031 Dec 2259826030 Sep 2257825030 Jun 2255823031 Mar 2251622031 Dec 2147420030 Sep 2144419030 Jun 2142417031 Mar 2138316031 Dec 20341160양질의 수익: RFG는 고품질 수익을 보유하고 있습니다.이익 마진 증가: RFG의 현재 순 이익률 (7.4%)은 지난해 (8.8%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: RFG의 수익은 지난 5년 동안 연평균 5.9% 증가했습니다.성장 가속화: RFG은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: RFG은 지난 1년 동안 수익이 감소(-6.4%)하여 Leisure 업계 평균(-4.3%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: RFG의 자본 수익률(8.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-durables 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 11:18종가2026/05/08 00:00수익2025/12/31연간 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 소스Racing Force S.P.A.는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Domenico GhilottiEquita SIM S.p.A.Corentin MartyTPICAP Midcap
Reported Earnings • Mar 31Full year 2025 earnings releasedFull year 2025 results: Revenue: €73.1m (up 11% from FY 2024). Net income: €5.43m (down 6.4% from FY 2024). Profit margin: 7.4% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Leisure industry in Italy.
공지 • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026
Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.16 (vs €0.20 in 1H 2024)First half 2025 results: EPS: €0.16 (down from €0.20 in 1H 2024). Revenue: €39.3m (up 4.6% from 1H 2024). Net income: €4.25m (down 21% from 1H 2024). Profit margin: 11% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Leisure industry in Italy.
공지 • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025
분석 기사 • Apr 26Racing Force's (BIT:RFG) Weak Earnings May Only Reveal A Part Of The Whole PictureRacing Force S.P.A.'s ( BIT:RFG ) recent weak earnings report didn't cause a big stock movement. We think that...
Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe.
Upcoming Dividend • May 04Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (2.4%).
Reported Earnings • Mar 31Full year 2025 earnings releasedFull year 2025 results: Revenue: €73.1m (up 11% from FY 2024). Net income: €5.43m (down 6.4% from FY 2024). Profit margin: 7.4% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Leisure industry in Italy.
Declared Dividend • Mar 29Dividend increased to €0.095Dividend of €0.095 is 5.6% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Mar 27Racing Force S.P.A. announces Annual dividend, payable on May 13, 2026Racing Force S.P.A. announced Annual dividend of EUR 0.0950 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.
공지 • Dec 12+ 1 more updateRacing Force S.P.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Racing Force S.P.A. announced that they will report fiscal year 2025 results on Mar 25, 2026
Buy Or Sell Opportunity • Nov 24Now 21% undervaluedOver the last 90 days, the stock has risen 1.9% to €4.89. The fair value is estimated to be €6.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
Buy Or Sell Opportunity • Nov 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.6% to €4.94. The fair value is estimated to be €6.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years.
Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.16 (vs €0.20 in 1H 2024)First half 2025 results: EPS: €0.16 (down from €0.20 in 1H 2024). Revenue: €39.3m (up 4.6% from 1H 2024). Net income: €4.25m (down 21% from 1H 2024). Profit margin: 11% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Leisure industry in Italy.
Buy Or Sell Opportunity • Aug 07Now 21% undervaluedOver the last 90 days, the stock has risen 13% to €4.71. The fair value is estimated to be €5.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 7.6% per annum over the same time period.
Upcoming Dividend • May 05Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (3.2%).
분석 기사 • May 02Racing Force (BIT:RFG) Is Paying Out A Dividend Of €0.09The board of Racing Force S.P.A. ( BIT:RFG ) has announced that it will pay a dividend on the 14th of May, with...
공지 • Apr 10Racing Force S.P.A., Annual General Meeting, Apr 29, 2025Racing Force S.P.A., Annual General Meeting, Apr 29, 2025, at 14:00 W. Europe Standard Time.
Buy Or Sell Opportunity • Apr 02Now 21% undervaluedOver the last 90 days, the stock has risen 8.6% to €4.18. The fair value is estimated to be €5.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period.
분석 기사 • Apr 01Racing Force (BIT:RFG) Has Affirmed Its Dividend Of €0.09Racing Force S.P.A.'s ( BIT:RFG ) investors are due to receive a payment of €0.09 per share on 14th of May. This...
Declared Dividend • Mar 31Dividend of €0.09 announcedDividend of €0.09 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 8.7% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Mar 30Racing Force S.P.A. announces Annual dividend, payable on May 14, 2025Racing Force S.P.A. announced Annual dividend of EUR 0.0900 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
분석 기사 • Feb 05Racing Force (BIT:RFG) May Have Issues Allocating Its CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
공지 • Jan 07+ 1 more updateRacing Force S.P.A. to Report First Half, 2025 Results on Sep 24, 2025Racing Force S.P.A. announced that they will report first half, 2025 results on Sep 24, 2025
New Risk • Jul 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.7% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding).
Upcoming Dividend • May 06Upcoming dividend of €0.09 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (3.4%).
분석 기사 • Apr 26Racing Force's (BIT:RFG) Weak Earnings May Only Reveal A Part Of The Whole PictureRacing Force S.P.A.'s ( BIT:RFG ) recent weak earnings report didn't cause a big stock movement. We think that...
Reported Earnings • Apr 19Full year 2023 earnings releasedFull year 2023 results: Revenue: €62.7m (up 6.4% from FY 2022). Net income: €4.79m (down 37% from FY 2022). Profit margin: 7.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe.
New Risk • Apr 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin).
분석 기사 • Mar 15The Returns On Capital At Racing Force (BIT:RFG) Don't Inspire ConfidenceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin).
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 13%After last week's 13% share price decline to €4.62, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Leisure industry in Europe. Total loss to shareholders of 11% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.22 per share.
Major Estimate Revision • Feb 07Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €64.5m to €62.8m. EPS estimate also fell from €0.222 per share to €0.175 per share. Net income forecast to shrink 9.9% next year vs 23% growth forecast for Leisure industry in Italy . Consensus price target down from €6.40 to €6.10. Share price fell 13% to €4.62 over the past week.
Major Estimate Revision • Sep 28Consensus EPS estimates fall by 17%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €64.5m to €65.4m. EPS estimate fell from €0.28 to €0.232 per share. Net income forecast to grow 17% next year vs 21% growth forecast for Leisure industry in Italy. Consensus price target down from €6.80 to €6.45. Share price fell 7.8% to €5.22 over the past week.
New Risk • Sep 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).
Reported Earnings • Sep 24First half 2023 earnings releasedFirst half 2023 results: Revenue: €37.2m (up 11% from 1H 2022). Net income: €4.88m (down 30% from 1H 2022). Profit margin: 13% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.
Buying Opportunity • Sep 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 4.5%. The fair value is estimated to be €7.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 49% in the next 2 years.
New Risk • Sep 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.8% Last year net profit margin: 14% 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: Minor Risks Profit margins are more than 30% lower than last year (8.8% net profit margin). Shareholders have been diluted in the past year (8.2% increase in shares outstanding).
Upcoming Dividend • May 08Upcoming dividend of €0.09 per share at 1.5% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 1.5%. Lower than top quartile of Italian dividend payers (5.2%). Lower than average of industry peers (2.4%).
분석 기사 • Apr 26We Think That There Are Issues Underlying Racing Force's (BIT:RFG) EarningsRacing Force S.P.A. ( BIT:RFG ) just reported some strong earnings, and the market reacted accordingly with a healthy...
분석 기사 • Apr 23Racing Force S.P.A. (BIT:RFG) Annual Results: Here's What Analysts Are Forecasting For This YearIt's been a good week for Racing Force S.P.A. ( BIT:RFG ) shareholders, because the company has just released its...
Reported Earnings • Apr 20Full year 2022 earnings releasedFull year 2022 results: Revenue: €58.9m (up 26% from FY 2021). Net income: €7.55m (up 81% from FY 2021). Profit margin: 13% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe.
공지 • Jan 13Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million.Racing Force S.P.A. has completed a Follow-on Equity Offering in the amount of €10.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,941,748 Price\Range: €5.15 Transaction Features: Subsequent Direct Listing
Reported Earnings • Sep 30First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €33.6m (up 35% from 1H 2021). Net income: €6.94m (up 93% from 1H 2021). Profit margin: 21% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe.