View ValuationItalian Sea Group 향후 성장Future 기준 점검 1/6Italian Sea Group 의 수익은 연간 5.1% 감소할 것으로 예상되는 반면, 연간 수익은 11% 로 증가할 것으로 예상됩니다. EPS는 연간 8.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 10.4% 로 예상됩니다.핵심 정보11.0%이익 성장률8.94%EPS 성장률Leisure 이익 성장8.0%매출 성장률-5.1%향후 자기자본이익률10.42%애널리스트 커버리지Low마지막 업데이트22 Jul 2026최근 향후 성장 업데이트Major Estimate Revision • Nov 14Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €380.7m to €350.0m. EPS estimate also fell from €0.699 per share to €0.575 per share. Net income forecast to grow 81% next year vs 19% growth forecast for Leisure industry in Italy. Consensus price target of €9.07 unchanged from last update. Share price rose 9.6% to €4.16 over the past week.Price Target Changed • Aug 12Price target decreased by 12% to €10.87Down from €12.33, the current price target is an average from 3 analysts. New target price is 136% above last closing price of €4.61. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.72 for next year compared to €0.64 last year.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €419.0m to €414.3m. EPS estimate also fell from €0.879 per share to €0.775 per share. Net income forecast to shrink 2.9% next year vs 12% growth forecast for Leisure industry in Italy . Consensus price target down from €12.67 to €12.33. Share price fell 7.2% to €7.21 over the past week.Price Target Changed • Jan 26Price target increased by 12% to €10.67Up from €9.50, the current price target is an average from 3 analysts. New target price is 67% above last closing price of €6.38. Stock is down 4.2% over the past year. The company is forecast to post earnings per share of €0.48 for next year compared to €0.31 last year.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 18x in the Leisure industry in Italy. Total loss to shareholders of 85% over the past three years.New Risk • Jun 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (27% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (€81.4m market cap, or US$94.6m).Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €1.40, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 18x in the Leisure industry in Italy. Total loss to shareholders of 82% over the past three years.분석 기사 • Apr 27Is Now An Opportune Moment To Examine The Italian Sea Group S.p.A. (BIT:TISG)?While The Italian Sea Group S.p.A. ( BIT:TISG ) might not have the largest market cap around , it received a lot of...Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.76, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 18x in the Leisure industry in Italy. Total loss to shareholders of 77% over the past three years.New Risk • Mar 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €56.8m (US$65.4m) This is considered a minor 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (19% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (€56.8m market cap, or US$65.4m).Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorates as stock falls 36%After last week's 36% share price decline to €2.66, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 20x in the Leisure industry in Italy. Total loss to shareholders of 58% over the past three years.Buy Or Sell Opportunity • Jan 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to €4.44. The fair value is estimated to be €5.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 0.01% in 2 years. Earnings are forecast to grow by 155% in the next 2 years.분석 기사 • Jan 10Calculating The Intrinsic Value Of The Italian Sea Group S.p.A. (BIT:TISG)Key Insights Italian Sea Group's estimated fair value is €5.65 based on 2 Stage Free Cash Flow to Equity Italian Sea...공고 • Jan 05+ 2 more updatesThe Italian Sea Group S.p.A. to Report Q1, 2026 Results on May 15, 2026The Italian Sea Group S.p.A. announced that they will report Q1, 2026 results on May 15, 2026New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.1% 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (7.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.6% net profit margin).New Risk • Nov 26New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin).분석 기사 • Nov 23Shaky Earnings May Not Tell The Whole Story For Italian Sea Group (BIT:TISG)The Italian Sea Group S.p.A.'s ( BIT:TISG ) weak earnings were disregarded by the market. While shares were up, we...Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: €0.081 (vs €0.16 in 3Q 2024)Third quarter 2025 results: EPS: €0.081 (down from €0.16 in 3Q 2024). Revenue: €76.5m (down 37% from 3Q 2024). Net income: €4.43m (down 49% from 3Q 2024). Profit margin: 5.8% (down from 7.1% in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Major Estimate Revision • Nov 14Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €380.7m to €350.0m. EPS estimate also fell from €0.699 per share to €0.575 per share. Net income forecast to grow 81% next year vs 19% growth forecast for Leisure industry in Italy. Consensus price target of €9.07 unchanged from last update. Share price rose 9.6% to €4.16 over the past week.분석 기사 • Nov 11The Italian Sea Group S.p.A. (BIT:TISG) Stock's 27% Dive Might Signal An Opportunity But It Requires Some ScrutinyThe Italian Sea Group S.p.A. ( BIT:TISG ) shareholders won't be pleased to see that the share price has had a very...분석 기사 • Nov 07Is The Italian Sea Group S.p.A. (BIT:TISG) Potentially Undervalued?The Italian Sea Group S.p.A. ( BIT:TISG ), is not the largest company out there, but it received a lot of attention...Valuation Update With 7 Day Price Move • Nov 06Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €3.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 24x in the Leisure industry in Italy. Total loss to shareholders of 18% over the past three years.Price Target Changed • Aug 12Price target decreased by 12% to €10.87Down from €12.33, the current price target is an average from 3 analysts. New target price is 136% above last closing price of €4.61. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.72 for next year compared to €0.64 last year.분석 기사 • Aug 09Is Italian Sea Group (BIT:TISG) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Aug 08New 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 5.7% 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 (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.7% average weekly change).Upcoming Dividend • May 19Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (3.0%).New Risk • May 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% 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 (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.16. Revenue: €96.8m (up 1.3% from 1Q 2024). Net income: €8.54m (up 2.6% from 1Q 2024). Profit margin: 8.8% (up from 8.7% in 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.분석 기사 • May 14Italian Sea Group (BIT:TISG) Is Achieving High Returns On Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...분석 기사 • Apr 13Italian Sea Group's (BIT:TISG) Earnings Quality Is LowThe recent earnings release from The Italian Sea Group S.p.A. ( BIT:TISG ) was disappointing to investors. We looked...분석 기사 • Apr 07Does Italian Sea Group (BIT:TISG) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Mar 20Italian Sea Group's (BIT:TISG) Dividend Is Being Reduced To €0.245The Italian Sea Group S.p.A. ( BIT:TISG ) has announced that on 28th of May, it will be paying a dividend of€0.245...Declared Dividend • Mar 19Dividend reduced to €0.24Dividend of €0.24 is 34% lower than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (39% 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 9.8% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.공고 • Mar 18The Italian Sea Group S.p.A. announces Annual dividend, payable on May 28, 2025The Italian Sea Group S.p.A. announced Annual dividend of EUR 0.2450 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025.Major Estimate Revision • Mar 07Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €419.0m to €414.3m. EPS estimate also fell from €0.879 per share to €0.775 per share. Net income forecast to shrink 2.9% next year vs 12% growth forecast for Leisure industry in Italy . Consensus price target down from €12.67 to €12.33. Share price fell 7.2% to €7.21 over the past week.공고 • Jan 09+ 3 more updatesThe Italian Sea Group S.p.A. to Report Q3, 2025 Results on Nov 12, 2025The Italian Sea Group S.p.A. announced that they will report Q3, 2025 results on Nov 12, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.16 (vs €0.22 in 3Q 2023)Third quarter 2024 results: EPS: €0.16 (down from €0.22 in 3Q 2023). Revenue: €122.0m (up 23% from 3Q 2023). Net income: €8.68m (down 26% from 3Q 2023). Profit margin: 7.1% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.분석 기사 • Sep 19Why Italian Sea Group's (BIT:TISG) Earnings Are Weaker Than They SeemWe didn't see The Italian Sea Group S.p.A.'s ( BIT:TISG ) stock surge when it reported robust earnings recently. We...New Risk • Sep 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 64% 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 (64% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.New Risk • Sep 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.분석 기사 • Sep 06A Piece Of The Puzzle Missing From The Italian Sea Group S.p.A.'s (BIT:TISG) Share PriceWith a price-to-earnings (or "P/E") ratio of 11.2x The Italian Sea Group S.p.A. ( BIT:TISG ) may be sending bullish...Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €7.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Leisure industry in Europe. Total returns to shareholders of 28% over the past three years.Upcoming Dividend • May 13Upcoming dividend of €0.37 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (3.2%).Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €364.5m (up 24% from FY 2022). Net income: €36.9m (up 54% from FY 2022). Profit margin: 10% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Leisure industry in Europe.Buy Or Sell Opportunity • Jan 25Now 21% undervaluedOver the last 90 days, the stock has risen 37% to €9.32. The fair value is estimated to be €11.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.분석 기사 • Jan 24Estimating The Intrinsic Value Of The Italian Sea Group S.p.A. (BIT:TISG)Key Insights Italian Sea Group's estimated fair value is €11.68 based on 2 Stage Free Cash Flow to Equity Italian Sea...Reported Earnings • Sep 11First half 2023 earnings releasedFirst half 2023 results: Revenue: €165.9m (up 25% from 1H 2022). Net income: €13.6m (up 78% from 1H 2022). Profit margin: 8.2% (up from 5.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.Buying Opportunity • Jun 06Now 21% undervaluedOver the last 90 days, the stock is up 6.4%. The fair value is estimated to be €10.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Buying Opportunity • May 12Now 22% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €10.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Upcoming Dividend • Apr 25Upcoming dividend of €0.27 per share at 3.2% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (2.5%).Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €8.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 54% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €8.69 per share.Reported Earnings • Mar 24Full year 2022 earnings releasedFull year 2022 results: Revenue: €294.7m (up 62% from FY 2021). Net income: €24.0m (up 47% from FY 2021). Profit margin: 8.2% (down from 9.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Leisure industry in Europe.Price Target Changed • Jan 26Price target increased by 12% to €10.67Up from €9.50, the current price target is an average from 3 analysts. New target price is 67% above last closing price of €6.38. Stock is down 4.2% over the past year. The company is forecast to post earnings per share of €0.48 for next year compared to €0.31 last year.분석 기사 • Jan 25The Italian Sea Group S.p.A.'s (BIT:TISG) Intrinsic Value Is Potentially 85% Above Its Share PriceKey Insights Italian Sea Group's estimated fair value is €11.8 based on 2 Stage Free Cash Flow to Equity Current share...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. Director Gianmaria Costantino was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.분석 기사 • Oct 06We Like These Underlying Return On Capital Trends At Italian Sea Group (BIT:TISG)There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Reported Earnings • Sep 16First half 2022 earnings released: EPS: €0 (vs €0.096 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €133.7m (up 69% from 1H 2021). Net income: €7.62m (up 64% from 1H 2021). Profit margin: 5.7% (down from 5.9% in 1H 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Leisure industry in Europe.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.52, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Leisure industry in Europe. Total loss to shareholders of 9.4% over the past year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Statutory Auditor & Member of Supervisory Board Felice Simbolo 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 09Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: €0.31 (up from €0.29 in FY 2020). Revenue: €182.0m (up 64% from FY 2020). Net income: €16.3m (up 162% from FY 2020). Profit margin: 9.0% (up from 5.6% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 59%, compared to a 16% growth forecast for the industry in Italy.분석 기사 • Mar 08The Italian Sea Group S.p.A.'s (BIT:TISG) Intrinsic Value Is Potentially 94% Above Its Share PriceToday we will run through one way of estimating the intrinsic value of The Italian Sea Group S.p.A. ( BIT:TISG ) by...Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €4.85, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Leisure industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €9.39 per share.분석 기사 • Sep 25Italian Sea Group's (BIT:TISG) Promising Earnings May Rest On Soft FoundationsThe Italian Sea Group S.p.A. ( BIT:TISG ) announced strong profits, but the stock was stagnant. We did some digging...Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to €7.10, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Leisure industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €7.11 per share.이익 및 매출 성장 예측BIT:TISG - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202829218N/AN/A112/31/202729217N/AN/A112/31/202628314N/AN/A112/31/2025319N/AN/AN/A19/30/202535413-38-37N/A6/30/202538017-17-15N/A3/31/202540434-14-11N/A12/31/202440334-13-9N/A9/30/2024416501318N/A6/30/202441052-11-5N/A3/31/20243803847N/A12/31/2023368372325N/A9/30/202334033N/AN/AN/A6/30/2023320303954N/A3/31/2023304274259N/A12/31/2022287244564N/A9/30/202226222N/AN/AN/A6/30/2022236192240N/A3/31/2022214182648N/A12/31/2021181161337N/A9/30/2021166131436N/A6/30/2021151101635N/A3/31/20211278117N/A12/31/202011161628N/A12/31/2019101059N/A12/31/2018680N/A6N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TISG 의 연간 예상 수익 증가율(11%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: TISG 의 연간 수익(11%)이 Italian 시장(11.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: TISG 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: TISG 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -5.1%).고성장 매출: TISG 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -5.1%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: TISG의 자본 수익률은 3년 후 10.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/27 16:11종가2026/07/24 00:00수익2025/09/30연간 수익2024/12/31데이터 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스The Italian Sea Group S.p.A.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Francesco BrilliIntermonte SIM S.p.A.Filippo MigliorisiTPICAP MidcapMathias PaladinoTPICAP Midcap
Major Estimate Revision • Nov 14Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €380.7m to €350.0m. EPS estimate also fell from €0.699 per share to €0.575 per share. Net income forecast to grow 81% next year vs 19% growth forecast for Leisure industry in Italy. Consensus price target of €9.07 unchanged from last update. Share price rose 9.6% to €4.16 over the past week.
Price Target Changed • Aug 12Price target decreased by 12% to €10.87Down from €12.33, the current price target is an average from 3 analysts. New target price is 136% above last closing price of €4.61. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.72 for next year compared to €0.64 last year.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €419.0m to €414.3m. EPS estimate also fell from €0.879 per share to €0.775 per share. Net income forecast to shrink 2.9% next year vs 12% growth forecast for Leisure industry in Italy . Consensus price target down from €12.67 to €12.33. Share price fell 7.2% to €7.21 over the past week.
Price Target Changed • Jan 26Price target increased by 12% to €10.67Up from €9.50, the current price target is an average from 3 analysts. New target price is 67% above last closing price of €6.38. Stock is down 4.2% over the past year. The company is forecast to post earnings per share of €0.48 for next year compared to €0.31 last year.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 18x in the Leisure industry in Italy. Total loss to shareholders of 85% over the past three years.
New Risk • Jun 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (27% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (€81.4m market cap, or US$94.6m).
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €1.40, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 18x in the Leisure industry in Italy. Total loss to shareholders of 82% over the past three years.
분석 기사 • Apr 27Is Now An Opportune Moment To Examine The Italian Sea Group S.p.A. (BIT:TISG)?While The Italian Sea Group S.p.A. ( BIT:TISG ) might not have the largest market cap around , it received a lot of...
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.76, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 18x in the Leisure industry in Italy. Total loss to shareholders of 77% over the past three years.
New Risk • Mar 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €56.8m (US$65.4m) This is considered a minor 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (19% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (€56.8m market cap, or US$65.4m).
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorates as stock falls 36%After last week's 36% share price decline to €2.66, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 20x in the Leisure industry in Italy. Total loss to shareholders of 58% over the past three years.
Buy Or Sell Opportunity • Jan 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to €4.44. The fair value is estimated to be €5.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 0.01% in 2 years. Earnings are forecast to grow by 155% in the next 2 years.
분석 기사 • Jan 10Calculating The Intrinsic Value Of The Italian Sea Group S.p.A. (BIT:TISG)Key Insights Italian Sea Group's estimated fair value is €5.65 based on 2 Stage Free Cash Flow to Equity Italian Sea...
공고 • Jan 05+ 2 more updatesThe Italian Sea Group S.p.A. to Report Q1, 2026 Results on May 15, 2026The Italian Sea Group S.p.A. announced that they will report Q1, 2026 results on May 15, 2026
New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.1% 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 Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (7.1% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.6% net profit margin).
New Risk • Nov 26New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin).
분석 기사 • Nov 23Shaky Earnings May Not Tell The Whole Story For Italian Sea Group (BIT:TISG)The Italian Sea Group S.p.A.'s ( BIT:TISG ) weak earnings were disregarded by the market. While shares were up, we...
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: €0.081 (vs €0.16 in 3Q 2024)Third quarter 2025 results: EPS: €0.081 (down from €0.16 in 3Q 2024). Revenue: €76.5m (down 37% from 3Q 2024). Net income: €4.43m (down 49% from 3Q 2024). Profit margin: 5.8% (down from 7.1% in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Nov 14Consensus EPS estimates fall by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €380.7m to €350.0m. EPS estimate also fell from €0.699 per share to €0.575 per share. Net income forecast to grow 81% next year vs 19% growth forecast for Leisure industry in Italy. Consensus price target of €9.07 unchanged from last update. Share price rose 9.6% to €4.16 over the past week.
분석 기사 • Nov 11The Italian Sea Group S.p.A. (BIT:TISG) Stock's 27% Dive Might Signal An Opportunity But It Requires Some ScrutinyThe Italian Sea Group S.p.A. ( BIT:TISG ) shareholders won't be pleased to see that the share price has had a very...
분석 기사 • Nov 07Is The Italian Sea Group S.p.A. (BIT:TISG) Potentially Undervalued?The Italian Sea Group S.p.A. ( BIT:TISG ), is not the largest company out there, but it received a lot of attention...
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €3.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 24x in the Leisure industry in Italy. Total loss to shareholders of 18% over the past three years.
Price Target Changed • Aug 12Price target decreased by 12% to €10.87Down from €12.33, the current price target is an average from 3 analysts. New target price is 136% above last closing price of €4.61. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.72 for next year compared to €0.64 last year.
분석 기사 • Aug 09Is Italian Sea Group (BIT:TISG) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Aug 08New 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 5.7% 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 (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.7% average weekly change).
Upcoming Dividend • May 19Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (3.0%).
New Risk • May 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% 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 (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: EPS: €0.16. Revenue: €96.8m (up 1.3% from 1Q 2024). Net income: €8.54m (up 2.6% from 1Q 2024). Profit margin: 8.8% (up from 8.7% in 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
분석 기사 • May 14Italian Sea Group (BIT:TISG) Is Achieving High Returns On Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
분석 기사 • Apr 13Italian Sea Group's (BIT:TISG) Earnings Quality Is LowThe recent earnings release from The Italian Sea Group S.p.A. ( BIT:TISG ) was disappointing to investors. We looked...
분석 기사 • Apr 07Does Italian Sea Group (BIT:TISG) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Mar 20Italian Sea Group's (BIT:TISG) Dividend Is Being Reduced To €0.245The Italian Sea Group S.p.A. ( BIT:TISG ) has announced that on 28th of May, it will be paying a dividend of€0.245...
Declared Dividend • Mar 19Dividend reduced to €0.24Dividend of €0.24 is 34% lower than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (39% 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 9.8% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.
공고 • Mar 18The Italian Sea Group S.p.A. announces Annual dividend, payable on May 28, 2025The Italian Sea Group S.p.A. announced Annual dividend of EUR 0.2450 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025.
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €419.0m to €414.3m. EPS estimate also fell from €0.879 per share to €0.775 per share. Net income forecast to shrink 2.9% next year vs 12% growth forecast for Leisure industry in Italy . Consensus price target down from €12.67 to €12.33. Share price fell 7.2% to €7.21 over the past week.
공고 • Jan 09+ 3 more updatesThe Italian Sea Group S.p.A. to Report Q3, 2025 Results on Nov 12, 2025The Italian Sea Group S.p.A. announced that they will report Q3, 2025 results on Nov 12, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €0.16 (vs €0.22 in 3Q 2023)Third quarter 2024 results: EPS: €0.16 (down from €0.22 in 3Q 2023). Revenue: €122.0m (up 23% from 3Q 2023). Net income: €8.68m (down 26% from 3Q 2023). Profit margin: 7.1% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Leisure industry in Italy. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
분석 기사 • Sep 19Why Italian Sea Group's (BIT:TISG) Earnings Are Weaker Than They SeemWe didn't see The Italian Sea Group S.p.A.'s ( BIT:TISG ) stock surge when it reported robust earnings recently. We...
New Risk • Sep 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 64% 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 (64% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
New Risk • Sep 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
분석 기사 • Sep 06A Piece Of The Puzzle Missing From The Italian Sea Group S.p.A.'s (BIT:TISG) Share PriceWith a price-to-earnings (or "P/E") ratio of 11.2x The Italian Sea Group S.p.A. ( BIT:TISG ) may be sending bullish...
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €7.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Leisure industry in Europe. Total returns to shareholders of 28% over the past three years.
Upcoming Dividend • May 13Upcoming dividend of €0.37 per shareEligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (3.2%).
Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €364.5m (up 24% from FY 2022). Net income: €36.9m (up 54% from FY 2022). Profit margin: 10% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Leisure industry in Europe.
Buy Or Sell Opportunity • Jan 25Now 21% undervaluedOver the last 90 days, the stock has risen 37% to €9.32. The fair value is estimated to be €11.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Earnings per share has grown by 60%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
분석 기사 • Jan 24Estimating The Intrinsic Value Of The Italian Sea Group S.p.A. (BIT:TISG)Key Insights Italian Sea Group's estimated fair value is €11.68 based on 2 Stage Free Cash Flow to Equity Italian Sea...
Reported Earnings • Sep 11First half 2023 earnings releasedFirst half 2023 results: Revenue: €165.9m (up 25% from 1H 2022). Net income: €13.6m (up 78% from 1H 2022). Profit margin: 8.2% (up from 5.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe.
Buying Opportunity • Jun 06Now 21% undervaluedOver the last 90 days, the stock is up 6.4%. The fair value is estimated to be €10.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Buying Opportunity • May 12Now 22% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €10.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Upcoming Dividend • Apr 25Upcoming dividend of €0.27 per share at 3.2% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (2.5%).
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €8.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 54% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €8.69 per share.
Reported Earnings • Mar 24Full year 2022 earnings releasedFull year 2022 results: Revenue: €294.7m (up 62% from FY 2021). Net income: €24.0m (up 47% from FY 2021). Profit margin: 8.2% (down from 9.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Leisure industry in Europe.
Price Target Changed • Jan 26Price target increased by 12% to €10.67Up from €9.50, the current price target is an average from 3 analysts. New target price is 67% above last closing price of €6.38. Stock is down 4.2% over the past year. The company is forecast to post earnings per share of €0.48 for next year compared to €0.31 last year.
분석 기사 • Jan 25The Italian Sea Group S.p.A.'s (BIT:TISG) Intrinsic Value Is Potentially 85% Above Its Share PriceKey Insights Italian Sea Group's estimated fair value is €11.8 based on 2 Stage Free Cash Flow to Equity Current share...
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. Director Gianmaria Costantino was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
분석 기사 • Oct 06We Like These Underlying Return On Capital Trends At Italian Sea Group (BIT:TISG)There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Reported Earnings • Sep 16First half 2022 earnings released: EPS: €0 (vs €0.096 in 1H 2021)First half 2022 results: EPS: €0. Revenue: €133.7m (up 69% from 1H 2021). Net income: €7.62m (up 64% from 1H 2021). Profit margin: 5.7% (down from 5.9% in 1H 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Leisure industry in Europe.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.52, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Leisure industry in Europe. Total loss to shareholders of 9.4% over the past year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Statutory Auditor & Member of Supervisory Board Felice Simbolo 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 09Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: €0.31 (up from €0.29 in FY 2020). Revenue: €182.0m (up 64% from FY 2020). Net income: €16.3m (up 162% from FY 2020). Profit margin: 9.0% (up from 5.6% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 59%, compared to a 16% growth forecast for the industry in Italy.
분석 기사 • Mar 08The Italian Sea Group S.p.A.'s (BIT:TISG) Intrinsic Value Is Potentially 94% Above Its Share PriceToday we will run through one way of estimating the intrinsic value of The Italian Sea Group S.p.A. ( BIT:TISG ) by...
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €4.85, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Leisure industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €9.39 per share.
분석 기사 • Sep 25Italian Sea Group's (BIT:TISG) Promising Earnings May Rest On Soft FoundationsThe Italian Sea Group S.p.A. ( BIT:TISG ) announced strong profits, but the stock was stagnant. We did some digging...
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to €7.10, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Leisure industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €7.11 per share.