View Future GrowthDirecta Sim 과거 순이익 실적과거 기준 점검 4/6Directa Sim은 연평균 27.1%의 비율로 수입이 증가해 온 반면, Capital Markets 산업은 수입이 10.4% 증가했습니다. 매출은 연평균 13.5%의 비율로 증가했습니다. Directa Sim의 자기자본이익률은 24%이고 순이익률은 27.3%입니다.핵심 정보27.09%순이익 성장률22.38%주당순이익(EPS) 성장률Capital Markets 산업 성장률9.86%매출 성장률13.55%자기자본이익률23.99%순이익률27.30%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • May 21Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €7.32. The fair value is estimated to be €6.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 26%.Upcoming Dividend • May 11Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (5.4%).Buy Or Sell Opportunity • Apr 08Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 41% to €7.44. The fair value is estimated to be €6.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.공시 • Mar 27Directa Sim S.p.A. announces Annual dividend, payable on May 20, 2026Directa Sim S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.New Risk • Mar 26New 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 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (3.6% average weekly change).Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.40, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 82% over the past three years.Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Sep 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Upcoming Dividend • May 12Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.4%). In line with average of industry peers (5.5%).New Risk • Apr 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (117% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).분석 기사 • Apr 04Directa Sim's (BIT:D) Upcoming Dividend Will Be Larger Than Last Year'sDirecta Sim S.p.A.'s ( BIT:D ) periodic dividend will be increasing on the 21st of May to €0.30, with investors...Declared Dividend • Apr 03Dividend increased to €0.30Dividend of €0.30 is 76% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.6%. Sustainability & Growth The dividend has increased by an average of 4.3% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 88% over the last year. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Apr 02Directa Sim S.p.A. announces Annual dividend, payable on May 21, 2025Directa Sim S.p.A. announced Annual dividend of EUR 0.3000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €5.10, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 14% over the past three years.Buy Or Sell Opportunity • Nov 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.3% to €3.99. The fair value is estimated to be €3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.Price Target Changed • Oct 24Price target increased by 17% to €6.90Up from €5.90, the current price target is provided by 1 analyst. New target price is 68% above last closing price of €4.10. Stock is up 21% over the past year. The company posted earnings per share of €0.48 last year.Buy Or Sell Opportunity • Oct 09Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.10. The fair value is estimated to be €3.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.Buy Or Sell Opportunity • Sep 24Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €4.08. The fair value is estimated to be €3.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to €3.51. The fair value is estimated to be €2.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to €3.55. The fair value is estimated to be €2.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only.Upcoming Dividend • May 06Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (4.7%).Price Target Changed • Apr 03Price target increased by 9.9% to €5.90Up from €5.37, the current price target is provided by 1 analyst. New target price is 63% above last closing price of €3.63. Stock is down 11% over the past year.New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% 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 Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (€73.1m market cap, or US$81.0m).Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 4.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (5.3%).Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €4.27, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 10x in the Capital Markets industry in Italy. Total loss to shareholders of 15% over the past year.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.25, the stock trades at a trailing P/E ratio of 15.4x. Average forward P/E is 11x in the Capital Markets industry in Italy.Board Change • Dec 23No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.매출 및 비용 세부 내역Directa Sim가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BIT:D 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 25461318030 Sep 25451218030 Jun 25441217031 Mar 25441217031 Dec 24431116030 Sep 24411116030 Jun 24401115031 Mar 24371015031 Dec 2334815030 Sep 2332715030 Jun 2330615031 Mar 2329615031 Dec 2229614030 Sep 2229514030 Jun 2229514031 Mar 2229513031 Dec 2129513030 Sep 2128513030 Jun 2127512031 Mar 2125312031 Dec 2023212031 Dec 1916010031 Dec 1816-111031 Dec 1716010031 Dec 1618-112031 Dec 15221140양질의 수익: D는 고품질 수익을 보유하고 있습니다.이익 마진 증가: D의 현재 순 이익률 (27.3%)은 지난해 (25.9%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: D의 수익은 지난 5년 동안 연평균 27.1%로 크게 증가했습니다.성장 가속화: 지난 1년간 D 의 수익 증가율(13.1%)은 5년 평균(연간 27.1%)보다 낮습니다.수익 대 산업: D의 지난 1년 수익 증가율(13.1%)은 Capital Markets 업계의 11.6%를 상회했습니다.자기자본이익률높은 ROE: D의 자본 수익률(23.99%)은 높음이지만 높은 부채 수준으로 인해 왜곡되어 있습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YDiversified-financials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 03:58종가2026/05/27 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 소스Directa Sim S.p.A.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Luigi TardellaEnVent Capital Markets Limited
Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.
Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).
Buy Or Sell Opportunity • May 21Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 35% to €7.32. The fair value is estimated to be €6.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 26%.
Upcoming Dividend • May 11Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (5.4%).
Buy Or Sell Opportunity • Apr 08Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 41% to €7.44. The fair value is estimated to be €6.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: €46.2m (up 7.3% from FY 2024). Net income: €12.6m (up 12% from FY 2024). Profit margin: 27% (up from 26% in FY 2024). The increase in margin was driven by higher revenue.
공시 • Mar 27Directa Sim S.p.A. announces Annual dividend, payable on May 20, 2026Directa Sim S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
New Risk • Mar 26New 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 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (3.6% average weekly change).
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.40, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 82% over the past three years.
Reported Earnings • Sep 28First half 2025 earnings released: EPS: €0.39 (vs €0.36 in 1H 2024)First half 2025 results: EPS: €0.39 (up from €0.36 in 1H 2024). Revenue: €22.8m (up 5.5% from 1H 2024). Net income: €7.23m (up 8.1% from 1H 2024). Profit margin: 32% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Upcoming Dividend • May 12Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.4%). In line with average of industry peers (5.5%).
New Risk • Apr 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (117% net debt to equity). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
분석 기사 • Apr 04Directa Sim's (BIT:D) Upcoming Dividend Will Be Larger Than Last Year'sDirecta Sim S.p.A.'s ( BIT:D ) periodic dividend will be increasing on the 21st of May to €0.30, with investors...
Declared Dividend • Apr 03Dividend increased to €0.30Dividend of €0.30 is 76% higher than last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.6%. Sustainability & Growth The dividend has increased by an average of 4.3% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 88% over the last year. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Apr 02Directa Sim S.p.A. announces Annual dividend, payable on May 21, 2025Directa Sim S.p.A. announced Annual dividend of EUR 0.3000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €5.10, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 11x in the Capital Markets industry in Italy. Total returns to shareholders of 14% over the past three years.
Buy Or Sell Opportunity • Nov 13Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.3% to €3.99. The fair value is estimated to be €3.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.
Price Target Changed • Oct 24Price target increased by 17% to €6.90Up from €5.90, the current price target is provided by 1 analyst. New target price is 68% above last closing price of €4.10. Stock is up 21% over the past year. The company posted earnings per share of €0.48 last year.
Buy Or Sell Opportunity • Oct 09Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €4.10. The fair value is estimated to be €3.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%.
Reported Earnings • Sep 27First half 2024 earnings released: EPS: €0.36 (vs €0.22 in 1H 2023)First half 2024 results: EPS: €0.36 (up from €0.22 in 1H 2023). Revenue: €21.7m (up 31% from 1H 2023). Net income: €6.69m (up 78% from 1H 2023). Profit margin: 31% (up from 23% in 1H 2023). The increase in margin was driven by higher revenue.
Buy Or Sell Opportunity • Sep 24Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €4.08. The fair value is estimated to be €3.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 3.3% to €3.51. The fair value is estimated to be €2.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to €3.55. The fair value is estimated to be €2.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
Upcoming Dividend • May 06Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (4.7%).
Price Target Changed • Apr 03Price target increased by 9.9% to €5.90Up from €5.37, the current price target is provided by 1 analyst. New target price is 63% above last closing price of €3.63. Stock is down 11% over the past year.
New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% 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 Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Market cap is less than US$100m (€73.1m market cap, or US$81.0m).
Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 4.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (5.3%).
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €4.27, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 10x in the Capital Markets industry in Italy. Total loss to shareholders of 15% over the past year.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021)First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €15.4m (down 2.0% from 1H 2021). Net income: €3.75m (down 4.2% from 1H 2021). Profit margin: 24% (in line with 1H 2021).
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.25, the stock trades at a trailing P/E ratio of 15.4x. Average forward P/E is 11x in the Capital Markets industry in Italy.
Board Change • Dec 23No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.