View ValuationSiav 향후 성장Future 기준 점검 5/6Siav (는) 각각 연간 35.5% 및 9.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 31.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 21.5% 로 예상됩니다.핵심 정보35.5%이익 성장률31.21%EPS 성장률Software 이익 성장50.1%매출 성장률9.2%향후 자기자본이익률21.50%애널리스트 커버리지Low마지막 업데이트15 May 2026최근 향후 성장 업데이트Price Target Changed • Apr 16Price target decreased by 9.3% to €4.85Down from €5.35, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €2.32. Stock is up 33% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.18 last year.Price Target Changed • Feb 10Price target increased by 21% to €5.18Up from €4.28, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €3.22. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.17 last year.Price Target Changed • Nov 21Price target decreased by 17% to €4.28Down from €5.13, the current price target is an average from 2 analysts. New target price is 102% above last closing price of €2.12. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of €0.049 next year compared to a net loss per share of €0.17 last year.Price Target Changed • Jun 26Price target decreased by 17% to €5.13Down from €6.20, the current price target is an average from 3 analysts. New target price is 140% above last closing price of €2.14. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.05 next year compared to a net loss per share of €0.17 last year.Price Target Changed • Apr 11Price target decreased by 9.4% to €6.20Down from €6.85, the current price target is an average from 2 analysts. New target price is 220% above last closing price of €1.94. Stock is down 20% over the past year. The company posted a net loss per share of €0.031 last year.Price Target Changed • Apr 10Price target decreased by 7.8% to €6.97Down from €7.56, the current price target is an average from 2 analysts. New target price is 186% above last closing price of €2.44. Stock is down 25% over the past year. The company posted earnings per share of €0.11 last year.모든 업데이트 보기Recent updates분석 기사 • Jun 02When Should You Buy Siav S.p.A. (BIT:SIAV)?While Siav S.p.A. ( BIT:SIAV ) might not have the largest market cap around , it received a lot of attention from a...공시 • May 29Siav S.p.A. has completed a Follow-on Equity Offering in the amount of €2.49975 million.Siav S.p.A. has completed a Follow-on Equity Offering in the amount of €2.49975 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,111,000 Price\Range: €2.25 Transaction Features: Subsequent Direct Listing공시 • May 28Siav S.p.A. has filed a Follow-on Equity Offering in the amount of €2.5 million.Siav S.p.A. has filed a Follow-on Equity Offering in the amount of €2.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,111,111 Price\Range: €2.25 Transaction Features: Subsequent Direct ListingValuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.36, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Software industry in Italy. Total loss to shareholders of 35% over the past three years.Price Target Changed • Apr 16Price target decreased by 9.3% to €4.85Down from €5.35, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €2.32. Stock is up 33% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.18 last year.Reported Earnings • Apr 14Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €0.18 (up from €0.17 loss in FY 2024). Revenue: €36.5m (up 7.1% from FY 2024). Net income: €1.38m (up €2.88m from FY 2024). Profit margin: 3.8% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.New Risk • Apr 14New major risk - Revenue and earnings growthEarnings have declined by 78% 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 (0.9x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 78% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€18.3m market cap, or US$21.5m).공시 • Apr 13Siav S.p.A., Annual General Meeting, Apr 27, 2026Siav S.p.A., Annual General Meeting, Apr 27, 2026, at 15:00 W. Europe Standard Time.Price Target Changed • Feb 10Price target increased by 21% to €5.18Up from €4.28, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €3.22. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.17 last year.분석 기사 • Feb 05Siav S.p.A. (BIT:SIAV) Surges 26% Yet Its Low P/S Is No Reason For ExcitementSiav S.p.A. ( BIT:SIAV ) shares have continued their recent momentum with a 26% gain in the last month alone. The last...분석 기사 • Jan 23Siav (BIT:SIAV) Will Be Hoping To Turn Its Returns On Capital AroundWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...분석 기사 • Dec 18Improved Revenues Required Before Siav S.p.A. (BIT:SIAV) Stock's 30% Jump Looks JustifiedDespite an already strong run, Siav S.p.A. ( BIT:SIAV ) shares have been powering on, with a gain of 30% in the last...분석 기사 • Nov 26Is Siav (BIT:SIAV) 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 • Nov 25New 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 (0.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€20.6m market cap, or US$23.8m).Price Target Changed • Nov 21Price target decreased by 17% to €4.28Down from €5.13, the current price target is an average from 2 analysts. New target price is 102% above last closing price of €2.12. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of €0.049 next year compared to a net loss per share of €0.17 last year.Price Target Changed • Jun 26Price target decreased by 17% to €5.13Down from €6.20, the current price target is an average from 3 analysts. New target price is 140% above last closing price of €2.14. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.05 next year compared to a net loss per share of €0.17 last year.분석 기사 • May 23Siav S.p.A.'s (BIT:SIAV) Share Price Boosted 27% But Its Business Prospects Need A Lift TooSiav S.p.A. ( BIT:SIAV ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last...분석 기사 • May 07Here's Why Siav (BIT:SIAV) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Apr 19New 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: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€15.6m market cap, or US$17.7m).공시 • Apr 14Siav S.p.A., Annual General Meeting, Apr 28, 2025Siav S.p.A., Annual General Meeting, Apr 28, 2025, at 15:00 W. Europe Standard Time.Price Target Changed • Apr 11Price target decreased by 9.4% to €6.20Down from €6.85, the current price target is an average from 2 analysts. New target price is 220% above last closing price of €1.94. Stock is down 20% over the past year. The company posted a net loss per share of €0.031 last year.분석 기사 • Mar 27Siav (BIT:SIAV) Has Some Difficulty Using Its Capital EffectivelyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...분석 기사 • Dec 07Siav (BIT:SIAV) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Oct 06First half 2024 earnings releasedFirst half 2024 results: Revenue: €16.4m (down 1.3% from 1H 2023). Net loss: €496.0k (loss widened 34% from 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.New Risk • Oct 02New major risk - Revenue and earnings growthEarnings have declined by 68% 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). Earnings have declined by 68% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€16.1m market cap, or US$17.8m).분석 기사 • Aug 31Siav (BIT:SIAV) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...분석 기사 • Jun 09Siav (BIT:SIAV) Has No Shortage Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Jun 07New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€25.2m market cap, or US$27.3m).Reported Earnings • May 04Full year 2023 earnings releasedFull year 2023 results: Revenue: €34.0m (up 1.3% from FY 2022). Net loss: €275.8k (down 127% from profit in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.New Risk • Apr 15New 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 (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€21.8m market cap, or US$23.2m).Price Target Changed • Apr 10Price target decreased by 7.8% to €6.97Down from €7.56, the current price target is an average from 2 analysts. New target price is 186% above last closing price of €2.44. Stock is down 25% over the past year. The company posted earnings per share of €0.11 last year.분석 기사 • Nov 15Siav's (BIT:SIAV) Returns On Capital Not Reflecting Well On The BusinessWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...New Risk • Oct 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€31.8m market cap, or US$33.7m).New Risk • Oct 01New major risk - Revenue and earnings growthRevenue has declined by 8.1% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 (2.0x net interest cover). Revenue has declined by 8.1% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Market cap is less than US$100m (€32.7m market cap, or US$34.5m).New Risk • Jul 26New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% 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 Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). High level of non-cash earnings (33% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€35.0m market cap, or US$38.8m).Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €4.41, the stock trades at a trailing P/E ratio of 40.1x. Average forward P/E is 24x in the Software industry in Italy.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €3.80, the stock trades at a trailing P/E ratio of 34.6x. Average forward P/E is 19x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €7.17 per share.Board Change • Jan 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Chairman and President Alfieri Voltan is the most experienced director on the board, commencing their role in 1969. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.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: €18.7m (up 112% from 1H 2021). Net loss: €155.0k (loss widened 256% from 1H 2021). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Italy.Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €3.28, the stock trades at a trailing P/E ratio of 26.6x. Average forward P/E is 21x in the Software industry in Italy.공시 • Aug 06Siav S.p.A. has completed an IPO in the amount of €4.5 million.Siav S.p.A. has completed an IPO in the amount of €4.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,500,000 Price\Range: €3이익 및 매출 성장 예측BIT:SIAV - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028486510212/31/202743448212/31/202638349212/31/202537237N/A9/30/202536037N/A6/30/202535-137N/A3/31/202534-127N/A12/31/202434-116N/A9/30/202434-116N/A6/30/202434005N/A3/31/202434005N/A12/31/2023340-15N/A9/30/2023340-34N/A6/30/2023351-43N/A3/31/2023341-43N/A12/31/2022341-43N/A9/30/2022321-35N/A6/30/2022312-26N/A3/31/2022322-26N/A12/31/2021332-25N/A12/31/2020341N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SIAV 의 연간 예상 수익 증가율(35.5%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: SIAV 의 연간 수익(35.5%)이 Italian 시장(11%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: SIAV 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: SIAV 의 수익(연간 9.2%)이 Italian 시장(연간 5.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: SIAV 의 수익(연간 9.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SIAV의 자본 수익률은 3년 후 21.5%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/29 02:57종가2026/06/29 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 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 소스Siav S.p.A.는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Luca ArenaAlantra Capital Markets ResearchMattia PetraccaIntegrae SPA
Price Target Changed • Apr 16Price target decreased by 9.3% to €4.85Down from €5.35, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €2.32. Stock is up 33% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.18 last year.
Price Target Changed • Feb 10Price target increased by 21% to €5.18Up from €4.28, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €3.22. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.17 last year.
Price Target Changed • Nov 21Price target decreased by 17% to €4.28Down from €5.13, the current price target is an average from 2 analysts. New target price is 102% above last closing price of €2.12. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of €0.049 next year compared to a net loss per share of €0.17 last year.
Price Target Changed • Jun 26Price target decreased by 17% to €5.13Down from €6.20, the current price target is an average from 3 analysts. New target price is 140% above last closing price of €2.14. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.05 next year compared to a net loss per share of €0.17 last year.
Price Target Changed • Apr 11Price target decreased by 9.4% to €6.20Down from €6.85, the current price target is an average from 2 analysts. New target price is 220% above last closing price of €1.94. Stock is down 20% over the past year. The company posted a net loss per share of €0.031 last year.
Price Target Changed • Apr 10Price target decreased by 7.8% to €6.97Down from €7.56, the current price target is an average from 2 analysts. New target price is 186% above last closing price of €2.44. Stock is down 25% over the past year. The company posted earnings per share of €0.11 last year.
분석 기사 • Jun 02When Should You Buy Siav S.p.A. (BIT:SIAV)?While Siav S.p.A. ( BIT:SIAV ) might not have the largest market cap around , it received a lot of attention from a...
공시 • May 29Siav S.p.A. has completed a Follow-on Equity Offering in the amount of €2.49975 million.Siav S.p.A. has completed a Follow-on Equity Offering in the amount of €2.49975 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,111,000 Price\Range: €2.25 Transaction Features: Subsequent Direct Listing
공시 • May 28Siav S.p.A. has filed a Follow-on Equity Offering in the amount of €2.5 million.Siav S.p.A. has filed a Follow-on Equity Offering in the amount of €2.5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,111,111 Price\Range: €2.25 Transaction Features: Subsequent Direct Listing
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.36, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Software industry in Italy. Total loss to shareholders of 35% over the past three years.
Price Target Changed • Apr 16Price target decreased by 9.3% to €4.85Down from €5.35, the current price target is an average from 2 analysts. New target price is 109% above last closing price of €2.32. Stock is up 33% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.18 last year.
Reported Earnings • Apr 14Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €0.18 (up from €0.17 loss in FY 2024). Revenue: €36.5m (up 7.1% from FY 2024). Net income: €1.38m (up €2.88m from FY 2024). Profit margin: 3.8% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
New Risk • Apr 14New major risk - Revenue and earnings growthEarnings have declined by 78% 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 (0.9x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 78% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€18.3m market cap, or US$21.5m).
공시 • Apr 13Siav S.p.A., Annual General Meeting, Apr 27, 2026Siav S.p.A., Annual General Meeting, Apr 27, 2026, at 15:00 W. Europe Standard Time.
Price Target Changed • Feb 10Price target increased by 21% to €5.18Up from €4.28, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €3.22. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.17 last year.
분석 기사 • Feb 05Siav S.p.A. (BIT:SIAV) Surges 26% Yet Its Low P/S Is No Reason For ExcitementSiav S.p.A. ( BIT:SIAV ) shares have continued their recent momentum with a 26% gain in the last month alone. The last...
분석 기사 • Jan 23Siav (BIT:SIAV) Will Be Hoping To Turn Its Returns On Capital AroundWhen researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...
분석 기사 • Dec 18Improved Revenues Required Before Siav S.p.A. (BIT:SIAV) Stock's 30% Jump Looks JustifiedDespite an already strong run, Siav S.p.A. ( BIT:SIAV ) shares have been powering on, with a gain of 30% in the last...
분석 기사 • Nov 26Is Siav (BIT:SIAV) 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 • Nov 25New 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 (0.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€20.6m market cap, or US$23.8m).
Price Target Changed • Nov 21Price target decreased by 17% to €4.28Down from €5.13, the current price target is an average from 2 analysts. New target price is 102% above last closing price of €2.12. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of €0.049 next year compared to a net loss per share of €0.17 last year.
Price Target Changed • Jun 26Price target decreased by 17% to €5.13Down from €6.20, the current price target is an average from 3 analysts. New target price is 140% above last closing price of €2.14. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.05 next year compared to a net loss per share of €0.17 last year.
분석 기사 • May 23Siav S.p.A.'s (BIT:SIAV) Share Price Boosted 27% But Its Business Prospects Need A Lift TooSiav S.p.A. ( BIT:SIAV ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last...
분석 기사 • May 07Here's Why Siav (BIT:SIAV) Is Weighed Down By Its Debt LoadHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Apr 19New 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: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 68% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€15.6m market cap, or US$17.7m).
공시 • Apr 14Siav S.p.A., Annual General Meeting, Apr 28, 2025Siav S.p.A., Annual General Meeting, Apr 28, 2025, at 15:00 W. Europe Standard Time.
Price Target Changed • Apr 11Price target decreased by 9.4% to €6.20Down from €6.85, the current price target is an average from 2 analysts. New target price is 220% above last closing price of €1.94. Stock is down 20% over the past year. The company posted a net loss per share of €0.031 last year.
분석 기사 • Mar 27Siav (BIT:SIAV) Has Some Difficulty Using Its Capital EffectivelyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
분석 기사 • Dec 07Siav (BIT:SIAV) Use Of Debt Could Be Considered RiskySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Oct 06First half 2024 earnings releasedFirst half 2024 results: Revenue: €16.4m (down 1.3% from 1H 2023). Net loss: €496.0k (loss widened 34% from 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.
New Risk • Oct 02New major risk - Revenue and earnings growthEarnings have declined by 68% 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). Earnings have declined by 68% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€16.1m market cap, or US$17.8m).
분석 기사 • Aug 31Siav (BIT:SIAV) May Have Issues Allocating Its CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
분석 기사 • Jun 09Siav (BIT:SIAV) Has No Shortage Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Jun 07New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€25.2m market cap, or US$27.3m).
Reported Earnings • May 04Full year 2023 earnings releasedFull year 2023 results: Revenue: €34.0m (up 1.3% from FY 2022). Net loss: €275.8k (down 127% from profit in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.
New Risk • Apr 15New 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 (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€21.8m market cap, or US$23.2m).
Price Target Changed • Apr 10Price target decreased by 7.8% to €6.97Down from €7.56, the current price target is an average from 2 analysts. New target price is 186% above last closing price of €2.44. Stock is down 25% over the past year. The company posted earnings per share of €0.11 last year.
분석 기사 • Nov 15Siav's (BIT:SIAV) Returns On Capital Not Reflecting Well On The BusinessWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
New Risk • Oct 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (€31.8m market cap, or US$33.7m).
New Risk • Oct 01New major risk - Revenue and earnings growthRevenue has declined by 8.1% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 (2.0x net interest cover). Revenue has declined by 8.1% over the past year. High level of non-cash earnings (31% accrual ratio). Minor Risk Market cap is less than US$100m (€32.7m market cap, or US$34.5m).
New Risk • Jul 26New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% 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 Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). High level of non-cash earnings (33% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€35.0m market cap, or US$38.8m).
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €4.41, the stock trades at a trailing P/E ratio of 40.1x. Average forward P/E is 24x in the Software industry in Italy.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €3.80, the stock trades at a trailing P/E ratio of 34.6x. Average forward P/E is 19x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €7.17 per share.
Board Change • Jan 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Chairman and President Alfieri Voltan is the most experienced director on the board, commencing their role in 1969. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
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: €18.7m (up 112% from 1H 2021). Net loss: €155.0k (loss widened 256% from 1H 2021). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Italy.
Valuation Update With 7 Day Price Move • Sep 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €3.28, the stock trades at a trailing P/E ratio of 26.6x. Average forward P/E is 21x in the Software industry in Italy.
공시 • Aug 06Siav S.p.A. has completed an IPO in the amount of €4.5 million.Siav S.p.A. has completed an IPO in the amount of €4.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,500,000 Price\Range: €3