View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsVianini 과거 순이익 실적과거 기준 점검 0/6Vianini 의 수입은 연평균 -34.9%의 비율로 감소해 온 반면, Real Estate 산업은 연평균 3.4%의 비율로 감소했습니다. 매출은 연평균 4.5%의 비율로 감소해 왔습니다.핵심 정보-34.91%순이익 성장률-34.42%주당순이익(EPS) 성장률Real Estate 산업 성장률45.21%매출 성장률-4.53%자기자본이익률-1.78%순이익률-27.24%최근 순이익 업데이트30 Jun 2024최근 과거 실적 업데이트Reported Earnings • Jul 30First half 2024 earnings released: €0.046 loss per share (vs €0.032 loss in 1H 2023)First half 2024 results: €0.046 loss per share (further deteriorated from €0.032 loss in 1H 2023). Revenue: €5.56m (up 9.3% from 1H 2023). Net loss: €1.60m (loss widened 68% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 03First half 2023 earnings released: €0.032 loss per share (vs €0.015 profit in 1H 2022)First half 2023 results: €0.032 loss per share (down from €0.015 profit in 1H 2022). Revenue: €5.08m (up 11% from 1H 2022). Net loss: €951.0k (down 312% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Aug 01First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €6.11m from profit in 1H 2021). Profit margin: (down from 134% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.Reported Earnings • Mar 11Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.14 (up from €0.014 in FY 2020). Revenue: €9.25m (up 3.2% from FY 2020). Net income: €4.36m (up €3.94m from FY 2020). Profit margin: 47% (up from 4.7% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 09First half 2021 earnings released: EPS €0.20 (vs €0.001 in 1H 2020)First half 2021 results: Revenue: €4.55m (up 4.4% from 1H 2020). Net income: €6.11m (up €6.09m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 14Full year 2020 earnings released: EPS €0.014 (vs €0.08 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €8.96m (down 37% from FY 2019). Net income: €425.0k (down 82% from FY 2019). Profit margin: 4.7% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updatesReported Earnings • Jul 30First half 2024 earnings released: €0.046 loss per share (vs €0.032 loss in 1H 2023)First half 2024 results: €0.046 loss per share (further deteriorated from €0.032 loss in 1H 2023). Revenue: €5.56m (up 9.3% from 1H 2023). Net loss: €1.60m (loss widened 68% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Chairman & MD Elena Simone was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€83.2m market cap, or US$88.5m).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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€85.9m market cap, or US$93.2m).New Risk • Mar 31New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€85.3m market cap, or US$92.1m).New Risk • Feb 13New 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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 203% Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€90.6m market cap, or US$97.6m).New Risk • Jan 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 250% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 203% Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€87.0m market cap, or US$94.7m).New Risk • Dec 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 Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€27.7m market cap, or US$29.8m).분석 기사 • Nov 18We Think Vianini (BIT:VIA) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Aug 03New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 90% Dividend yield: 5.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Dividend is not well covered by earnings (90% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (€36.7m market cap, or US$40.2m).Reported Earnings • Aug 03First half 2023 earnings released: €0.032 loss per share (vs €0.015 profit in 1H 2022)First half 2023 results: €0.032 loss per share (down from €0.015 profit in 1H 2022). Revenue: €5.08m (up 11% from 1H 2022). Net loss: €951.0k (down 312% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Upcoming Dividend • May 15Upcoming dividend of €0.06 per share at 4.6% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (4.1%).Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Member of the Board of Statutory Auditors Fabiana Flamini 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: Insufficient board refreshment.Reported Earnings • Aug 01First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €6.11m from profit in 1H 2021). Profit margin: (down from 134% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.Upcoming Dividend • May 16Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (3.6%).Reported Earnings • Mar 11Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.14 (up from €0.014 in FY 2020). Revenue: €9.25m (up 3.2% from FY 2020). Net income: €4.36m (up €3.94m from FY 2020). Profit margin: 47% (up from 4.7% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 09First half 2021 earnings released: EPS €0.20 (vs €0.001 in 1H 2020)First half 2021 results: Revenue: €4.55m (up 4.4% from 1H 2020). Net income: €6.11m (up €6.09m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 17Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 5.2%. Within top quartile of Italian dividend payers (3.8%). Higher than average of industry peers (3.0%).분석 기사 • Mar 15Is Vianini (BIT:VIA) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Mar 14Full year 2020 earnings released: EPS €0.014 (vs €0.08 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €8.96m (down 37% from FY 2019). Net income: €425.0k (down 82% from FY 2019). Profit margin: 4.7% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.분석 기사 • Jan 20Is Vianini S.p.A. (BIT:VIA) A Great Dividend Stock?Could Vianini S.p.A. ( BIT:VIA ) be an attractive dividend share to own for the long haul? Investors are often drawn to...Is New 90 Day High Low • Dec 16New 90-day high: €1.01The company is up 3.0% from its price of €0.98 on 16 September 2020. The Italian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is flat over the same period.분석 기사 • Nov 25We're Not Counting On Vianini (BIT:VIA) To Sustain Its Statutory ProfitabilityAs a general rule, we think profitable companies are less risky than companies that lose money. Having said that...Is New 90 Day High Low • Oct 29New 90-day low: €0.89The company is down 5.0% from its price of €0.94 on 30 July 2020. The Italian market is down 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is down 1.0% over the same period.Is New 90 Day High Low • Sep 29New 90-day low: €0.90The company is down 6.0% from its price of €0.95 on 30 June 2020. The Italian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also down 6.0% over the same period.매출 및 비용 세부 내역Vianini가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BIT:VIA 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비30 Jun 2411-30031 Mar 2411-30031 Dec 2311-21030 Sep 231000030 Jun 231020031 Mar 23930031 Dec 22930030 Sep 22910030 Jun 229-10031 Mar 22920031 Dec 21940030 Sep 21950030 Jun 21970031 Mar 21930031 Dec 20900030 Sep 201010030 Jun 201120031 Mar 201320031 Dec 191420030 Jun 191421031 Mar 191821031 Dec 182221030 Sep 1831-31030 Jun 1834-81031 Mar 1828-71031 Dec 1722-51030 Sep 17-5-60030 Jun 17-2-20031 Mar 17120031 Dec 16461030 Sep 162592030 Jun 161891031 Mar 161552031 Dec 151102030 Sep 151212030 Jun 15902031 Mar 151002031 Dec 141202030 Sep 1411-22030 Jun 1410-42031 Mar 148-42031 Dec 137-41030 Sep 137-410양질의 수익: VIA 은(는) 현재 수익성이 없습니다.이익 마진 증가: VIA는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: VIA은 수익성이 없으며 지난 5년 동안 손실이 연평균 34.9% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 VIA의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: VIA은 수익성이 없어 지난 해 수익 성장률을 Real Estate 업계(23.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: VIA는 현재 수익성이 없으므로 자본 수익률이 음수(-1.78%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YReal-estate-management-and-development 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/08/06 23:44종가2024/08/02 00:00수익2024/06/30연간 수익2023/12/31데이터 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 소스Vianini S.p.A.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Jul 30First half 2024 earnings released: €0.046 loss per share (vs €0.032 loss in 1H 2023)First half 2024 results: €0.046 loss per share (further deteriorated from €0.032 loss in 1H 2023). Revenue: €5.56m (up 9.3% from 1H 2023). Net loss: €1.60m (loss widened 68% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 03First half 2023 earnings released: €0.032 loss per share (vs €0.015 profit in 1H 2022)First half 2023 results: €0.032 loss per share (down from €0.015 profit in 1H 2022). Revenue: €5.08m (up 11% from 1H 2022). Net loss: €951.0k (down 312% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 01First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €6.11m from profit in 1H 2021). Profit margin: (down from 134% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.
Reported Earnings • Mar 11Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.14 (up from €0.014 in FY 2020). Revenue: €9.25m (up 3.2% from FY 2020). Net income: €4.36m (up €3.94m from FY 2020). Profit margin: 47% (up from 4.7% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 09First half 2021 earnings released: EPS €0.20 (vs €0.001 in 1H 2020)First half 2021 results: Revenue: €4.55m (up 4.4% from 1H 2020). Net income: €6.11m (up €6.09m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 14Full year 2020 earnings released: EPS €0.014 (vs €0.08 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €8.96m (down 37% from FY 2019). Net income: €425.0k (down 82% from FY 2019). Profit margin: 4.7% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Jul 30First half 2024 earnings released: €0.046 loss per share (vs €0.032 loss in 1H 2023)First half 2024 results: €0.046 loss per share (further deteriorated from €0.032 loss in 1H 2023). Revenue: €5.56m (up 9.3% from 1H 2023). Net loss: €1.60m (loss widened 68% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Chairman & MD Elena Simone was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
New Risk • Apr 16New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€83.2m market cap, or US$88.5m).
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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€85.9m market cap, or US$93.2m).
New Risk • Mar 31New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€85.3m market cap, or US$92.1m).
New Risk • Feb 13New 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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 203% Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€90.6m market cap, or US$97.6m).
New Risk • Jan 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 250% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 203% Shareholders have been substantially diluted in the past year (250% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€87.0m market cap, or US$94.7m).
New Risk • Dec 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 Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€27.7m market cap, or US$29.8m).
분석 기사 • Nov 18We Think Vianini (BIT:VIA) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Aug 03New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 90% Dividend yield: 5.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Dividend is not well covered by earnings (90% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (€36.7m market cap, or US$40.2m).
Reported Earnings • Aug 03First half 2023 earnings released: €0.032 loss per share (vs €0.015 profit in 1H 2022)First half 2023 results: €0.032 loss per share (down from €0.015 profit in 1H 2022). Revenue: €5.08m (up 11% from 1H 2022). Net loss: €951.0k (down 312% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 15Upcoming dividend of €0.06 per share at 4.6% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (4.1%).
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Member of the Board of Statutory Auditors Fabiana Flamini 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: Insufficient board refreshment.
Reported Earnings • Aug 01First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €6.11m from profit in 1H 2021). Profit margin: (down from 134% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.
Upcoming Dividend • May 16Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (3.6%).
Reported Earnings • Mar 11Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.14 (up from €0.014 in FY 2020). Revenue: €9.25m (up 3.2% from FY 2020). Net income: €4.36m (up €3.94m from FY 2020). Profit margin: 47% (up from 4.7% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 09First half 2021 earnings released: EPS €0.20 (vs €0.001 in 1H 2020)First half 2021 results: Revenue: €4.55m (up 4.4% from 1H 2020). Net income: €6.11m (up €6.09m from 1H 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 17Upcoming dividend of €0.06 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 5.2%. Within top quartile of Italian dividend payers (3.8%). Higher than average of industry peers (3.0%).
분석 기사 • Mar 15Is Vianini (BIT:VIA) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Mar 14Full year 2020 earnings released: EPS €0.014 (vs €0.08 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €8.96m (down 37% from FY 2019). Net income: €425.0k (down 82% from FY 2019). Profit margin: 4.7% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
분석 기사 • Jan 20Is Vianini S.p.A. (BIT:VIA) A Great Dividend Stock?Could Vianini S.p.A. ( BIT:VIA ) be an attractive dividend share to own for the long haul? Investors are often drawn to...
Is New 90 Day High Low • Dec 16New 90-day high: €1.01The company is up 3.0% from its price of €0.98 on 16 September 2020. The Italian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is flat over the same period.
분석 기사 • Nov 25We're Not Counting On Vianini (BIT:VIA) To Sustain Its Statutory ProfitabilityAs a general rule, we think profitable companies are less risky than companies that lose money. Having said that...
Is New 90 Day High Low • Oct 29New 90-day low: €0.89The company is down 5.0% from its price of €0.94 on 30 July 2020. The Italian market is down 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is down 1.0% over the same period.
Is New 90 Day High Low • Sep 29New 90-day low: €0.90The company is down 6.0% from its price of €0.95 on 30 June 2020. The Italian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also down 6.0% over the same period.