View ValuationIniziative Bresciane 향후 성장Future 기준 점검 3/6Iniziative Bresciane (는) 각각 연간 40% 및 4.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 38.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.7% 로 예상됩니다.핵심 정보40.0%이익 성장률38.61%EPS 성장률Renewable Energy 이익 성장6.2%매출 성장률4.3%향후 자기자본이익률7.65%애널리스트 커버리지Low마지막 업데이트11 May 2026최근 향후 성장 업데이트Major Estimate Revision • Aug 21Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €30.0m to €28.9m. EPS estimate also fell from €1.12 per share to €0.799 per share. Net income forecast to grow 126% next year vs 22% growth forecast for Renewable Energy industry in Italy. Consensus price target broadly unchanged at €17.65. Share price was steady at €12.60 over the past week.Major Estimate Revision • Apr 12Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €31.8m to €30.4m. EPS estimate also fell from €1.42 per share to €0.94 per share. Net income forecast to grow 47% next year vs 8.9% growth forecast for Renewable Energy industry in Italy. Consensus price target of €17.30 unchanged from last update. Share price fell 2.8% to €13.90 over the past week.Price Target Changed • Nov 16Price target decreased to €17.50Down from €21.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €17.70. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.68 last year.Major Estimate Revision • Apr 12Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €30.7m to €28.5m. EPS estimate also fell from €1.60 per share to €1.15 per share. Net income forecast to grow 70% next year vs 37% growth forecast for Renewable Energy industry in Italy. Consensus price target down from €24.20 to €21.50. Share price fell 2.9% to €20.40 over the past week.Price Target Changed • Oct 28Price target increased to €24.20Up from €20.75, the current price target is an average from 2 analysts. New target price is 26% above last closing price of €19.20. Stock is up 16% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €0.93 last year.모든 업데이트 보기Recent updatesUpcoming Dividend • May 04Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (2.5%).Reported Earnings • Apr 16Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €27.2m (down 6.2% from FY 2024). Net income: €979.9k (down 77% from FY 2024). Profit margin: 3.6% (down from 14% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 16%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Europe.New Risk • Apr 15New major risk - Revenue and earnings growthEarnings have declined by 8.5% 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 (1.9x net interest cover). Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€63.1m market cap, or US$74.5m).Declared Dividend • Apr 01Dividend reduced to €0.20Dividend of €0.20 is 67% lower than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 51% to bring the payout ratio under control. EPS is expected to grow by 124% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.공시 • Mar 31Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 13, 2026Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.2000 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.New Risk • Feb 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (136% payout ratio). Market cap is less than US$100m (€63.1m market cap, or US$74.4m).Major Estimate Revision • Aug 21Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €30.0m to €28.9m. EPS estimate also fell from €1.12 per share to €0.799 per share. Net income forecast to grow 126% next year vs 22% growth forecast for Renewable Energy industry in Italy. Consensus price target broadly unchanged at €17.65. Share price was steady at €12.60 over the past week.New Risk • Aug 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.0% Last year net profit margin: 15% 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.0% net profit margin). Market cap is less than US$100m (€68.0m market cap, or US$78.9m).Declared Dividend • May 02Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Apr 30Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.공시 • Apr 14Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time.Reported Earnings • Apr 14Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €29.0m (up 14% from FY 2023). Net income: €4.20m (up 12% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 9.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Europe.Declared Dividend • Apr 04Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Apr 03Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.Upcoming Dividend • Apr 29Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (3.5%).New Risk • Apr 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (3,721% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€71.3m market cap, or US$76.1m).Major Estimate Revision • Apr 12Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €31.8m to €30.4m. EPS estimate also fell from €1.42 per share to €0.94 per share. Net income forecast to grow 47% next year vs 8.9% growth forecast for Renewable Energy industry in Italy. Consensus price target of €17.30 unchanged from last update. Share price fell 2.8% to €13.90 over the past week.New Risk • Apr 10New major risk - Revenue and earnings growthEarnings have declined by 0.4% 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 (2.1x net interest cover). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€73.4m market cap, or US$79.7m).New Risk • Apr 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€74.4m market cap, or US$80.6m).공시 • Jun 29Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB).Consorzio Di Bonifica Della Media Pianura Bergamasca agreed to acquire 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) for €14.5 million on May 5, 2023. The completion of the sale is subject to the fulfillment of certain conditions precedent, including the obtaining of the Golden Power authorization. The transaction is expected to by June 15, 2023. As of May 24, 2023, the boards of Iniziative Bresciane and Consorzio approved the merger. Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) on June 28, 2023.Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 1.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (2.4%).Price Target Changed • Nov 16Price target decreased to €17.50Down from €21.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €17.70. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.68 last year.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.분석 기사 • Oct 28This Analyst Just Downgraded Their Iniziative Bresciane S.p.A. (BIT:IB) EPS ForecastsOne thing we could say about the covering analyst on Iniziative Bresciane S.p.A. ( BIT:IB ) - they aren't optimistic...Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.45 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.45 in 1H 2021). Revenue: €8.68m (down 25% from 1H 2021). Net income: €172.5k (down 93% from 1H 2021). Profit margin: 2.0% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Renewable Energy industry in Europe.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Major Estimate Revision • Apr 12Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €30.7m to €28.5m. EPS estimate also fell from €1.60 per share to €1.15 per share. Net income forecast to grow 70% next year vs 37% growth forecast for Renewable Energy industry in Italy. Consensus price target down from €24.20 to €21.50. Share price fell 2.9% to €20.40 over the past week.Buying Opportunity • Apr 06Now 21% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be €26.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Reported Earnings • Mar 30Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €22.5m (up 10% from FY 2020). Net income: €3.53m (down 27% from FY 2020). Profit margin: 16% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 36% compared to a 17% decline forecast for the industry in Italy.Price Target Changed • Oct 28Price target increased to €24.20Up from €20.75, the current price target is an average from 2 analysts. New target price is 26% above last closing price of €19.20. Stock is up 16% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €0.93 last year.Reported Earnings • Sep 15First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €10.9m (up 16% from 1H 2020). Net income: €2.31m (up 57% from 1H 2020). Profit margin: 21% (up from 16% in 1H 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • Jun 01Upcoming dividend of €0.72 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 3.8%. Within top quartile of Italian dividend payers (3.7%). Higher than average of industry peers (2.4%).분석 기사 • May 08Is Iniziative Bresciane (BIT:IB) 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 • Mar 08An Intrinsic Calculation For Iniziative Bresciane S.p.A. (BIT:IB) Suggests It's 21% UndervaluedIn this article we are going to estimate the intrinsic value of Iniziative Bresciane S.p.A. ( BIT:IB ) by taking the...Is New 90 Day High Low • Feb 16New 90-day high: €16.90The company is up 2.0% from its price of €16.50 on 18 November 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 20% over the same period.분석 기사 • Feb 09Did Iniziative Bresciane S.p.A. (BIT:IB) Use Debt To Deliver Its ROE Of 9.8%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...Is New 90 Day High Low • Jan 28New 90-day low: €16.10The company is down 2.0% from its price of €16.40 on 30 October 2020. The Italian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 26% over the same period.분석 기사 • Jan 04A Look At Iniziative Bresciane's (BIT:IB) Share Price ReturnsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...분석 기사 • Dec 08Is There More To The Story Than Iniziative Bresciane's (BIT:IB) Earnings Growth?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Reported Earnings • Sep 19First half earnings releasedOver the last 12 months the company has reported total profits of €3.85m, up 152% from the prior year. Total revenue was €20.7m over the last 12 months, up 14% from the prior year.공시 • Aug 12Iniziative Bresciane S.p.A. announced that it expects to receive €15.8 million in funding from Dolomiti Energia Holding SpAIniziative Bresciane S.p.A. (BIT:IB) announced a private placement of common shares at a price of €21.15 per share for gross proceeds of €15,800,000 on August 11, 2020. The transaction will include participation from new investor Dolomiti Energia Holding SpA to acquire 16% stake in the company. The transaction is raised at a pre-money equity valuation of €82,000,000. The transaction is subject to approval of the majority shareholder of the company, Finanziaria Di Valle Camonica Spa.이익 및 매출 성장 예측BIT:IB - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028316817212/31/2027295717212/31/2026284613212/31/2025271915N/A9/30/2025272815N/A6/30/2025262815N/A3/31/2025283716N/A12/31/2024294616N/A9/30/2024284517N/A6/30/2024283319N/A3/31/2024273-115N/A12/31/2023264-611N/A9/30/2023253-117N/A6/30/2023243-163N/A3/31/2023221-154N/A12/31/202219-1-146N/A9/30/2022210-156N/A6/30/2022242-167N/A3/31/2022253-178N/A12/31/2021264-199N/A9/30/2021245-177N/A6/30/2021236-165N/A3/31/2021215-126N/A12/31/2020205-88N/A9/30/2020214-210N/A6/30/2020214513N/A3/31/2020214812N/A12/31/20192141112N/A9/30/2019203N/A14N/A6/30/2019182N/A15N/A3/31/2019181N/A11N/A12/31/2018181N/A6N/A9/30/2018181N/A4N/A6/30/2018171N/A3N/A3/31/2018161N/A5N/A12/31/2017151N/A7N/A9/30/2017151N/A4N/A6/30/2017152N/A1N/A3/31/2017152N/A1N/A12/31/2016152N/A1N/A9/30/2016142N/A5N/A6/30/2016142N/A8N/A3/31/2016132N/A9N/A12/31/2015131N/A10N/A9/30/2015142N/AN/AN/A6/30/2015163N/A-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: IB 의 연간 예상 수익 증가율(40%)이 saving rate(3.3%)보다 높습니다.수익 vs 시장: IB 의 연간 수익(40%)이 Italian 시장(11%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: IB 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: IB 의 수익(연간 4.3%)이 Italian 시장(연간 5.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: IB 의 수익(연간 4.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: IB의 자본 수익률은 3년 후 7.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 12:52종가2026/05/20 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 소스Iniziative Bresciane S.p.A.는 3명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Roberto LetiziaEquita SIM S.p.A.Mattia PetraccaIntegrae SPADavide RiminiIntesa Sanpaolo Equity Research
Major Estimate Revision • Aug 21Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €30.0m to €28.9m. EPS estimate also fell from €1.12 per share to €0.799 per share. Net income forecast to grow 126% next year vs 22% growth forecast for Renewable Energy industry in Italy. Consensus price target broadly unchanged at €17.65. Share price was steady at €12.60 over the past week.
Major Estimate Revision • Apr 12Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €31.8m to €30.4m. EPS estimate also fell from €1.42 per share to €0.94 per share. Net income forecast to grow 47% next year vs 8.9% growth forecast for Renewable Energy industry in Italy. Consensus price target of €17.30 unchanged from last update. Share price fell 2.8% to €13.90 over the past week.
Price Target Changed • Nov 16Price target decreased to €17.50Down from €21.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €17.70. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.68 last year.
Major Estimate Revision • Apr 12Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €30.7m to €28.5m. EPS estimate also fell from €1.60 per share to €1.15 per share. Net income forecast to grow 70% next year vs 37% growth forecast for Renewable Energy industry in Italy. Consensus price target down from €24.20 to €21.50. Share price fell 2.9% to €20.40 over the past week.
Price Target Changed • Oct 28Price target increased to €24.20Up from €20.75, the current price target is an average from 2 analysts. New target price is 26% above last closing price of €19.20. Stock is up 16% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €0.93 last year.
Upcoming Dividend • May 04Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (4.5%). Lower than average of industry peers (2.5%).
Reported Earnings • Apr 16Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €27.2m (down 6.2% from FY 2024). Net income: €979.9k (down 77% from FY 2024). Profit margin: 3.6% (down from 14% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 16%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Europe.
New Risk • Apr 15New major risk - Revenue and earnings growthEarnings have declined by 8.5% 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 (1.9x net interest cover). Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€63.1m market cap, or US$74.5m).
Declared Dividend • Apr 01Dividend reduced to €0.20Dividend of €0.20 is 67% lower than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 51% to bring the payout ratio under control. EPS is expected to grow by 124% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Mar 31Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 13, 2026Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.2000 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026.
New Risk • Feb 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by earnings (136% payout ratio). Market cap is less than US$100m (€63.1m market cap, or US$74.4m).
Major Estimate Revision • Aug 21Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €30.0m to €28.9m. EPS estimate also fell from €1.12 per share to €0.799 per share. Net income forecast to grow 126% next year vs 22% growth forecast for Renewable Energy industry in Italy. Consensus price target broadly unchanged at €17.65. Share price was steady at €12.60 over the past week.
New Risk • Aug 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.0% Last year net profit margin: 15% 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.0% net profit margin). Market cap is less than US$100m (€68.0m market cap, or US$78.9m).
Declared Dividend • May 02Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 30Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
공시 • Apr 14Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025Iniziative Bresciane S.p.A., Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time.
Reported Earnings • Apr 14Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €29.0m (up 14% from FY 2023). Net income: €4.20m (up 12% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 9.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Europe.
Declared Dividend • Apr 04Dividend of €0.60 announcedDividend of €0.60 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 03Iniziative Bresciane S.p.A. announces Annual dividend, payable on May 14, 2025Iniziative Bresciane S.p.A. announced Annual dividend of EUR 0.6000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025.
Upcoming Dividend • Apr 29Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (3.5%).
New Risk • Apr 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (3,721% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€71.3m market cap, or US$76.1m).
Major Estimate Revision • Apr 12Consensus EPS estimates fall by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €31.8m to €30.4m. EPS estimate also fell from €1.42 per share to €0.94 per share. Net income forecast to grow 47% next year vs 8.9% growth forecast for Renewable Energy industry in Italy. Consensus price target of €17.30 unchanged from last update. Share price fell 2.8% to €13.90 over the past week.
New Risk • Apr 10New major risk - Revenue and earnings growthEarnings have declined by 0.4% 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 (2.1x net interest cover). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€73.4m market cap, or US$79.7m).
New Risk • Apr 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€74.4m market cap, or US$80.6m).
공시 • Jun 29Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB).Consorzio Di Bonifica Della Media Pianura Bergamasca agreed to acquire 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) for €14.5 million on May 5, 2023. The completion of the sale is subject to the fulfillment of certain conditions precedent, including the obtaining of the Golden Power authorization. The transaction is expected to by June 15, 2023. As of May 24, 2023, the boards of Iniziative Bresciane and Consorzio approved the merger. Consorzio Di Bonifica Della Media Pianura Bergamasca completed the acquisition of 50% stake in Iniziative Bergamasche Srl from Iniziative Bresciane S.p.A. (BIT:IB) on June 28, 2023.
Upcoming Dividend • May 01Upcoming dividend of €0.16 per share at 1.0% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (2.4%).
Price Target Changed • Nov 16Price target decreased to €17.50Down from €21.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €17.70. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.68 last year.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
분석 기사 • Oct 28This Analyst Just Downgraded Their Iniziative Bresciane S.p.A. (BIT:IB) EPS ForecastsOne thing we could say about the covering analyst on Iniziative Bresciane S.p.A. ( BIT:IB ) - they aren't optimistic...
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.45 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.45 in 1H 2021). Revenue: €8.68m (down 25% from 1H 2021). Net income: €172.5k (down 93% from 1H 2021). Profit margin: 2.0% (down from 20% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Renewable Energy industry in Europe.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Cinzia Farise was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Major Estimate Revision • Apr 12Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €30.7m to €28.5m. EPS estimate also fell from €1.60 per share to €1.15 per share. Net income forecast to grow 70% next year vs 37% growth forecast for Renewable Energy industry in Italy. Consensus price target down from €24.20 to €21.50. Share price fell 2.9% to €20.40 over the past week.
Buying Opportunity • Apr 06Now 21% undervaluedOver the last 90 days, the stock is up 6.2%. The fair value is estimated to be €26.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Reported Earnings • Mar 30Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: €22.5m (up 10% from FY 2020). Net income: €3.53m (down 27% from FY 2020). Profit margin: 16% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 36% compared to a 17% decline forecast for the industry in Italy.
Price Target Changed • Oct 28Price target increased to €24.20Up from €20.75, the current price target is an average from 2 analysts. New target price is 26% above last closing price of €19.20. Stock is up 16% over the past year. The company is forecast to post earnings per share of €1.07 for next year compared to €0.93 last year.
Reported Earnings • Sep 15First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €10.9m (up 16% from 1H 2020). Net income: €2.31m (up 57% from 1H 2020). Profit margin: 21% (up from 16% in 1H 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jun 01Upcoming dividend of €0.72 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 3.8%. Within top quartile of Italian dividend payers (3.7%). Higher than average of industry peers (2.4%).
분석 기사 • May 08Is Iniziative Bresciane (BIT:IB) 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 • Mar 08An Intrinsic Calculation For Iniziative Bresciane S.p.A. (BIT:IB) Suggests It's 21% UndervaluedIn this article we are going to estimate the intrinsic value of Iniziative Bresciane S.p.A. ( BIT:IB ) by taking the...
Is New 90 Day High Low • Feb 16New 90-day high: €16.90The company is up 2.0% from its price of €16.50 on 18 November 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 20% over the same period.
분석 기사 • Feb 09Did Iniziative Bresciane S.p.A. (BIT:IB) Use Debt To Deliver Its ROE Of 9.8%?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Is New 90 Day High Low • Jan 28New 90-day low: €16.10The company is down 2.0% from its price of €16.40 on 30 October 2020. The Italian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 26% over the same period.
분석 기사 • Jan 04A Look At Iniziative Bresciane's (BIT:IB) Share Price ReturnsFor many investors, the main point of stock picking is to generate higher returns than the overall market. But in any...
분석 기사 • Dec 08Is There More To The Story Than Iniziative Bresciane's (BIT:IB) Earnings Growth?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Reported Earnings • Sep 19First half earnings releasedOver the last 12 months the company has reported total profits of €3.85m, up 152% from the prior year. Total revenue was €20.7m over the last 12 months, up 14% from the prior year.
공시 • Aug 12Iniziative Bresciane S.p.A. announced that it expects to receive €15.8 million in funding from Dolomiti Energia Holding SpAIniziative Bresciane S.p.A. (BIT:IB) announced a private placement of common shares at a price of €21.15 per share for gross proceeds of €15,800,000 on August 11, 2020. The transaction will include participation from new investor Dolomiti Energia Holding SpA to acquire 16% stake in the company. The transaction is raised at a pre-money equity valuation of €82,000,000. The transaction is subject to approval of the majority shareholder of the company, Finanziaria Di Valle Camonica Spa.