View Future GrowthAcinque 과거 순이익 실적과거 기준 점검 1/6Acinque의 수입은 연평균 -14.4%의 비율로 감소해 온 반면, Gas Utilities 산업은 수입이 연평균 3.1% 증가했습니다. 매출은 연평균 7.6%의 비율로 증가해 왔습니다. Acinque의 자기자본이익률은 4.1%이고 순이익률은 3.7%입니다.핵심 정보-14.42%순이익 성장률-14.50%주당순이익(EPS) 성장률Gas Utilities 산업 성장률8.12%매출 성장률7.64%자기자본이익률4.06%순이익률3.67%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트분석 기사 • Mar 25We Like Acinque's (BIT:AC5) Earnings For More Than Just Statutory ProfitAcinque S.p.A.'s ( BIT:AC5 ) solid earnings announcement recently didn't do much to the stock price. Our analysis...Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: €0.013 (vs €0.018 in 3Q 2024)Third quarter 2025 results: EPS: €0.013 (down from €0.018 in 3Q 2024). Revenue: €111.0m (down 24% from 3Q 2024). Net income: €2.58m (down 28% from 3Q 2024). Profit margin: 2.3% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €109.6m (up 11% from 2Q 2024). Net income: €5.55m (up 64% from 2Q 2024). Profit margin: 5.1% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue.Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €220.1m (up 22% from 1Q 2024). Net income: €9.90m (down 5.4% from 1Q 2024). Profit margin: 4.5% (down from 5.8% in 1Q 2024). The decrease in margin was driven by higher expenses.분석 기사 • Mar 25We Think Acinque's (BIT:AC5) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Acinque S.p.A.'s ( BIT:AC5 ) solid earnings report last week. This reaction by...Reported Earnings • Mar 18Full year 2024 earnings releasedFull year 2024 results: Revenue: €589.3m (down 6.4% from FY 2023). Net income: €21.1m (up 97% from FY 2023). Profit margin: 3.6% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses.모든 업데이트 보기Recent updatesNew Risk • Apr 19New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 288% Dividend yield: 3.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Earnings have declined by 14% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (288% cash payout ratio).공시 • Mar 30Acinque S.p.A., Annual General Meeting, Apr 27, 2026Acinque S.p.A., Annual General Meeting, Apr 27, 2026, at 10:30 W. Europe Standard Time. Location: via a canova n 3, monza Italy분석 기사 • Mar 25We Like Acinque's (BIT:AC5) Earnings For More Than Just Statutory ProfitAcinque S.p.A.'s ( BIT:AC5 ) solid earnings announcement recently didn't do much to the stock price. Our analysis...Declared Dividend • Mar 20Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.공시 • Mar 19Acinque S.p.A. announces Annual dividend, payable on July 08, 2026Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 08, 2026, ex-date on July 06, 2026 and record date on July 07, 2026.Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: €0.013 (vs €0.018 in 3Q 2024)Third quarter 2025 results: EPS: €0.013 (down from €0.018 in 3Q 2024). Revenue: €111.0m (down 24% from 3Q 2024). Net income: €2.58m (down 28% from 3Q 2024). Profit margin: 2.3% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €109.6m (up 11% from 2Q 2024). Net income: €5.55m (up 64% from 2Q 2024). Profit margin: 5.1% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue.Upcoming Dividend • Jun 30Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 07 July 2025. Payment date: 09 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (5.9%).Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €220.1m (up 22% from 1Q 2024). Net income: €9.90m (down 5.4% from 1Q 2024). Profit margin: 4.5% (down from 5.8% in 1Q 2024). The decrease in margin was driven by higher expenses.분석 기사 • Mar 25We Think Acinque's (BIT:AC5) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Acinque S.p.A.'s ( BIT:AC5 ) solid earnings report last week. This reaction by...Declared Dividend • Mar 21Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 7th July 2025 Payment date: 9th July 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control, which is more than the 2.5% EPS growth achieved over the last 5 years.공시 • Mar 20+ 1 more updateAcinque S.p.A. announces Annual dividend, payable on July 09, 2025Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 4.9% 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 Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (145% payout ratio).Reported Earnings • Mar 18Full year 2024 earnings releasedFull year 2024 results: Revenue: €589.3m (down 6.4% from FY 2023). Net income: €21.1m (up 97% from FY 2023). Profit margin: 3.6% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses.New Risk • Feb 17New 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 Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by earnings (145% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).Upcoming Dividend • Jul 01Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 08 July 2024. Payment date: 10 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Italian dividend payers (5.6%). Lower than average of industry peers (7.3%).Reported Earnings • May 15First quarter 2024 earnings released: EPS: €0.053 (vs €0.033 in 1Q 2023)First quarter 2024 results: EPS: €0.053 (up from €0.033 in 1Q 2023). Revenue: €180.2m (up 7.3% from 1Q 2023). Net income: €10.5m (up 61% from 1Q 2023). Profit margin: 5.8% (up from 3.9% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.New Risk • Apr 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).분석 기사 • Apr 03Acinque's (BIT:AC5) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Acinque S.p.A.'s ( BIT:AC5 ) recent earnings didn't contain any surprises. We...Reported Earnings • Mar 30Full year 2023 earnings released: EPS: €0.054 (vs €0.16 in FY 2022)Full year 2023 results: EPS: €0.054 (down from €0.16 in FY 2022). Revenue: €650.3m (flat on FY 2022). Net income: €10.7m (down 65% from FY 2022). Profit margin: 1.6% (down from 4.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공시 • Sep 19An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A.An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A. on September 18, 2023.New Risk • Aug 01New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin).Reported Earnings • Jul 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €118.0m (down 21% from 2Q 2022). Net income: €7.42m (down 53% from 2Q 2022). Profit margin: 6.3% (down from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.New Risk • Jun 23New 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 5.0% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin).Upcoming Dividend • Jun 12Upcoming dividend of €0.085 per share at 4.2% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (5.4%). In line with average of industry peers (4.6%).분석 기사 • Apr 05Acinque (BIT:AC5) Is Paying Out Less In Dividends Than Last YearAcinque S.p.A. ( BIT:AC5 ) is reducing its dividend from last year's comparable payment to €0.085 on the 21st of June...분석 기사 • Mar 20Acinque's (BIT:AC5) Shareholders Will Receive A Smaller Dividend Than Last YearThe board of Acinque S.p.A. ( BIT:AC5 ) has announced it will be reducing its dividend by 11% from last year's payment...Reported Earnings • Mar 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €710.2m (up 56% from FY 2021). Net income: €30.8m (down 31% from FY 2021). Profit margin: 4.3% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €149.2m (up 75% from 2Q 2021). Net income: €15.7m (up 23% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Jun 13Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (4.9%). Lower than average of industry peers (5.1%).Reported Earnings • May 14First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: €0.052. Revenue: €218.8m (up 82% from 1Q 2021). Net income: €10.2m (down 23% from 1Q 2021). Profit margin: 4.7% (down from 11% in 1Q 2021).Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.23 (up from €0.091 in FY 2020). Revenue: €448.7m (up 21% from FY 2020). Net income: €44.5m (up 148% from FY 2020). Profit margin: 9.9% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €98.2m (up 52% from 2Q 2020). Net income: €12.8m (up €15.2m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 15Upcoming dividend of €0.08 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (3.6%). Lower than average of industry peers (5.9%).분석 기사 • Apr 19Calculating The Fair Value Of Acsm-Agam S.p.A. (BIT:ACS)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Acsm-Agam S.p.A...분석 기사 • Mar 14Does Acsm-Agam S.p.A. (BIT:ACS) Have A Place In Your Dividend Stock Portfolio?Could Acsm-Agam S.p.A. ( BIT:ACS ) be an attractive dividend share to own for the long haul? Investors are often drawn...Reported Earnings • Mar 14Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €387.5m (down 5.6% from FY 2019). Net income: €17.9m (down 3.3% from FY 2019). Profit margin: 4.6% (up from 4.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.분석 기사 • Feb 15Is Acsm-Agam (BIT:ACS) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Jan 20Acsm-Agam S.p.A.'s (BIT:ACS) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Acsm-Agam's (BIT:ACS) stock is up by a considerable 17% over the past three months. However, we decided to pay...분석 기사 • Dec 25Did You Participate In Any Of Acsm-Agam's (BIT:ACS) Respectable 64% Return?Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...Valuation Update With 7 Day Price Move • Dec 04Market bids up stock over the past weekAfter last week's 18% share price gain to €2.48, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.3x. This compares to an average P/E of 14x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 23%.Is New 90 Day High Low • Dec 01New 90-day high: €2.18The company is up 7.0% from its price of €2.03 on 02 September 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 9.0% over the same period.분석 기사 • Nov 29Should You Buy Acsm-Agam S.p.A. (BIT:ACS) For Its 3.8% Dividend?Dividend paying stocks like Acsm-Agam S.p.A. (BIT:ACS) tend to be popular with investors, and for good reason - some...Is New 90 Day High Low • Oct 21New 90-day low: €1.98The company is down 7.0% from its price of €2.13 on 23 July 2020. The Italian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 3.0% over the same period.매출 및 비용 세부 내역Acinque가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BIT:AC5 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 255732152030 Sep 256142352030 Jun 256162350031 Mar 256122051031 Dec 245722150030 Sep 246001846030 Jun 245731246031 Mar 245801645031 Dec 236301144030 Sep 236501245030 Jun 236482145031 Mar 236662645031 Dec 226553145030 Sep 226294345030 Jun 225814145031 Mar 225444145031 Dec 214524547030 Sep 213933747030 Jun 213973846031 Mar 213742246031 Dec 203721846030 Sep 203721846030 Jun 203711549031 Mar 203961949031 Dec 194111950030 Sep 194131143030 Jun 194121552031 Mar 193551038031 Dec 182851138030 Sep 182161425030 Jun 18183820031 Mar 181781219031 Dec 171801019030 Sep 171841119030 Jun 171861219031 Mar 171861119031 Dec 161881120030 Sep 161921220030 Jun 161921220031 Mar 161961020031 Dec 152061220030 Sep 151981018030 Jun 1520010180양질의 수익: AC5는 고품질 수익을 보유하고 있습니다.이익 마진 증가: AC5의 현재 순 이익률 (3.7%)은 지난해 (3.7%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: AC5의 수익은 지난 5년 동안 연평균 14.4% 감소했습니다.성장 가속화: AC5은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: AC5은 지난 1년 동안 수익이 감소(-0.08%)하여 Gas Utilities 업계 평균(7.9%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: AC5의 자본 수익률(4.1%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YUtilities 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/18 11:48종가2026/05/15 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 소스Acinque 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.
분석 기사 • Mar 25We Like Acinque's (BIT:AC5) Earnings For More Than Just Statutory ProfitAcinque S.p.A.'s ( BIT:AC5 ) solid earnings announcement recently didn't do much to the stock price. Our analysis...
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: €0.013 (vs €0.018 in 3Q 2024)Third quarter 2025 results: EPS: €0.013 (down from €0.018 in 3Q 2024). Revenue: €111.0m (down 24% from 3Q 2024). Net income: €2.58m (down 28% from 3Q 2024). Profit margin: 2.3% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €109.6m (up 11% from 2Q 2024). Net income: €5.55m (up 64% from 2Q 2024). Profit margin: 5.1% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue.
Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €220.1m (up 22% from 1Q 2024). Net income: €9.90m (down 5.4% from 1Q 2024). Profit margin: 4.5% (down from 5.8% in 1Q 2024). The decrease in margin was driven by higher expenses.
분석 기사 • Mar 25We Think Acinque's (BIT:AC5) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Acinque S.p.A.'s ( BIT:AC5 ) solid earnings report last week. This reaction by...
Reported Earnings • Mar 18Full year 2024 earnings releasedFull year 2024 results: Revenue: €589.3m (down 6.4% from FY 2023). Net income: €21.1m (up 97% from FY 2023). Profit margin: 3.6% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses.
New Risk • Apr 19New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 288% Dividend yield: 3.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Earnings have declined by 14% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (288% cash payout ratio).
공시 • Mar 30Acinque S.p.A., Annual General Meeting, Apr 27, 2026Acinque S.p.A., Annual General Meeting, Apr 27, 2026, at 10:30 W. Europe Standard Time. Location: via a canova n 3, monza Italy
분석 기사 • Mar 25We Like Acinque's (BIT:AC5) Earnings For More Than Just Statutory ProfitAcinque S.p.A.'s ( BIT:AC5 ) solid earnings announcement recently didn't do much to the stock price. Our analysis...
Declared Dividend • Mar 20Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
공시 • Mar 19Acinque S.p.A. announces Annual dividend, payable on July 08, 2026Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 08, 2026, ex-date on July 06, 2026 and record date on July 07, 2026.
Reported Earnings • Nov 13Third quarter 2025 earnings released: EPS: €0.013 (vs €0.018 in 3Q 2024)Third quarter 2025 results: EPS: €0.013 (down from €0.018 in 3Q 2024). Revenue: €111.0m (down 24% from 3Q 2024). Net income: €2.58m (down 28% from 3Q 2024). Profit margin: 2.3% (down from 2.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 03Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €109.6m (up 11% from 2Q 2024). Net income: €5.55m (up 64% from 2Q 2024). Profit margin: 5.1% (up from 3.4% in 2Q 2024). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jun 30Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 07 July 2025. Payment date: 09 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (5.9%).
Reported Earnings • May 14First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €220.1m (up 22% from 1Q 2024). Net income: €9.90m (down 5.4% from 1Q 2024). Profit margin: 4.5% (down from 5.8% in 1Q 2024). The decrease in margin was driven by higher expenses.
분석 기사 • Mar 25We Think Acinque's (BIT:AC5) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Acinque S.p.A.'s ( BIT:AC5 ) solid earnings report last week. This reaction by...
Declared Dividend • Mar 21Dividend of €0.085 announcedDividend of €0.085 is the same as last year. Ex-date: 7th July 2025 Payment date: 9th July 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio). However, it is well covered by cash flows (8% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control, which is more than the 2.5% EPS growth achieved over the last 5 years.
공시 • Mar 20+ 1 more updateAcinque S.p.A. announces Annual dividend, payable on July 09, 2025Acinque S.p.A. announced Annual dividend of EUR 0.0850 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.
New Risk • Mar 18New major risk - Revenue and earnings growthEarnings have declined by 4.9% 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 Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (145% payout ratio).
Reported Earnings • Mar 18Full year 2024 earnings releasedFull year 2024 results: Revenue: €589.3m (down 6.4% from FY 2023). Net income: €21.1m (up 97% from FY 2023). Profit margin: 3.6% (up from 1.7% in FY 2023). The increase in margin was driven by lower expenses.
New Risk • Feb 17New 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 Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by earnings (145% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).
Upcoming Dividend • Jul 01Upcoming dividend of €0.085 per shareEligible shareholders must have bought the stock before 08 July 2024. Payment date: 10 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Italian dividend payers (5.6%). Lower than average of industry peers (7.3%).
Reported Earnings • May 15First quarter 2024 earnings released: EPS: €0.053 (vs €0.033 in 1Q 2023)First quarter 2024 results: EPS: €0.053 (up from €0.033 in 1Q 2023). Revenue: €180.2m (up 7.3% from 1Q 2023). Net income: €10.5m (up 61% from 1Q 2023). Profit margin: 5.8% (up from 3.9% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
New Risk • Apr 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).
분석 기사 • Apr 03Acinque's (BIT:AC5) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Acinque S.p.A.'s ( BIT:AC5 ) recent earnings didn't contain any surprises. We...
Reported Earnings • Mar 30Full year 2023 earnings released: EPS: €0.054 (vs €0.16 in FY 2022)Full year 2023 results: EPS: €0.054 (down from €0.16 in FY 2022). Revenue: €650.3m (flat on FY 2022). Net income: €10.7m (down 65% from FY 2022). Profit margin: 1.6% (down from 4.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공시 • Sep 19An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A.An unknown buyer agreed to acquire a 70% stake in AGESP Energia S.r.l. from Acinque S.p.A. on September 18, 2023.
New Risk • Aug 01New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin).
Reported Earnings • Jul 31Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €118.0m (down 21% from 2Q 2022). Net income: €7.42m (down 53% from 2Q 2022). Profit margin: 6.3% (down from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
New Risk • Jun 23New 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 5.0% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin).
Upcoming Dividend • Jun 12Upcoming dividend of €0.085 per share at 4.2% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (5.4%). In line with average of industry peers (4.6%).
분석 기사 • Apr 05Acinque (BIT:AC5) Is Paying Out Less In Dividends Than Last YearAcinque S.p.A. ( BIT:AC5 ) is reducing its dividend from last year's comparable payment to €0.085 on the 21st of June...
분석 기사 • Mar 20Acinque's (BIT:AC5) Shareholders Will Receive A Smaller Dividend Than Last YearThe board of Acinque S.p.A. ( BIT:AC5 ) has announced it will be reducing its dividend by 11% from last year's payment...
Reported Earnings • Mar 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €710.2m (up 56% from FY 2021). Net income: €30.8m (down 31% from FY 2021). Profit margin: 4.3% (down from 9.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 01Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €149.2m (up 75% from 2Q 2021). Net income: €15.7m (up 23% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Jun 13Upcoming dividend of €0.095 per shareEligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (4.9%). Lower than average of industry peers (5.1%).
Reported Earnings • May 14First quarter 2022 earnings releasedFirst quarter 2022 results: EPS: €0.052. Revenue: €218.8m (up 82% from 1Q 2021). Net income: €10.2m (down 23% from 1Q 2021). Profit margin: 4.7% (down from 11% in 1Q 2021).
Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.23 (up from €0.091 in FY 2020). Revenue: €448.7m (up 21% from FY 2020). Net income: €44.5m (up 148% from FY 2020). Profit margin: 9.9% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 31Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €98.2m (up 52% from 2Q 2020). Net income: €12.8m (up €15.2m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 15Upcoming dividend of €0.08 per shareEligible shareholders must have bought the stock before 21 June 2021. Payment date: 23 June 2021. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (3.6%). Lower than average of industry peers (5.9%).
분석 기사 • Apr 19Calculating The Fair Value Of Acsm-Agam S.p.A. (BIT:ACS)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Acsm-Agam S.p.A...
분석 기사 • Mar 14Does Acsm-Agam S.p.A. (BIT:ACS) Have A Place In Your Dividend Stock Portfolio?Could Acsm-Agam S.p.A. ( BIT:ACS ) be an attractive dividend share to own for the long haul? Investors are often drawn...
Reported Earnings • Mar 14Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €387.5m (down 5.6% from FY 2019). Net income: €17.9m (down 3.3% from FY 2019). Profit margin: 4.6% (up from 4.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
분석 기사 • Feb 15Is Acsm-Agam (BIT:ACS) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Jan 20Acsm-Agam S.p.A.'s (BIT:ACS) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?Acsm-Agam's (BIT:ACS) stock is up by a considerable 17% over the past three months. However, we decided to pay...
분석 기사 • Dec 25Did You Participate In Any Of Acsm-Agam's (BIT:ACS) Respectable 64% Return?Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
Valuation Update With 7 Day Price Move • Dec 04Market bids up stock over the past weekAfter last week's 18% share price gain to €2.48, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.3x. This compares to an average P/E of 14x in the Gas Utilities industry in Europe. Total returns to shareholders over the past three years are 23%.
Is New 90 Day High Low • Dec 01New 90-day high: €2.18The company is up 7.0% from its price of €2.03 on 02 September 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 9.0% over the same period.
분석 기사 • Nov 29Should You Buy Acsm-Agam S.p.A. (BIT:ACS) For Its 3.8% Dividend?Dividend paying stocks like Acsm-Agam S.p.A. (BIT:ACS) tend to be popular with investors, and for good reason - some...
Is New 90 Day High Low • Oct 21New 90-day low: €1.98The company is down 7.0% from its price of €2.13 on 23 July 2020. The Italian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 3.0% over the same period.