View DividendMartifer SGPS 경영진경영진 기준 점검 4/4현재 CEO에 대한 정보가 충분하지 않습니다.핵심 정보Pedro Miguel Duarte최고경영자€441.4k총 보수CEO 급여 비율31.71%CEO 재임 기간8.3yrsCEO 지분 보유율n/a경영진 평균 재임 기간8.3yrs이사회 평균 재임 기간6.8yrs최근 경영진 업데이트공고 • May 01Martifer SGPS, S.A., Annual General Meeting, May 28, 2025Martifer SGPS, S.A., Annual General Meeting, May 28, 2025. Location: zona industrial de oliveira de frades, apartado 17, oliveira de frades PortugalBoard Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director Carla de Araujo Goncalves Borges Norte was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Vítor Manuel Escária was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.모든 업데이트 보기Recent updatesNew Risk • Jun 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 4.7% 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 Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (58% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.7% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin).Declared Dividend • Jun 15Dividend reduced to €0.093Dividend of €0.093 is 22% lower than last year. Ex-date: 23rd June 2026 Payment date: 25th June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 6.7% to bring the payout ratio under control, which is less than the 8.5% EPS growth achieved over the last 5 years.공고 • Jun 14Martifer SGPS, S.A. announces Annual dividend, payable on June 25, 2026Martifer SGPS, S.A. announced Annual dividend of EUR 0.0930 per share payable on June 25, 2026, ex-date on June 23, 2026 and record date on June 24, 2026.New Risk • May 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.2x 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 (2.2x net interest cover). High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin).New Risk • Mar 29New 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 High level of non-cash earnings (61% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows.공고 • Aug 06Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million.Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million on August 6, 2025. A cash consideration valued at €2.057 per share will be paid by Visabeira Industria, SGPS, S.A. The amount will be paid in cash, less any (gross) amount that may be allocated to each Share as dividends, as an advance on profits for the year, or as a distribution of reserves. The statement clarifies that the consideration corresponds to €1.60, "plus an amount equal to the dividend distributed by Martifer for the 2025 fiscal year.분석 기사 • Aug 06A Piece Of The Puzzle Missing From Martifer SGPS, S.A.'s (ELI:MAR) 32% Share Price ClimbENXTLS:MAR 1 Year Share Price vs Fair Value Explore Martifer SGPS's Fair Values from the Community and select yours...New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 3.8% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 30%After last week's 30% share price gain to €2.74, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 132% over the past three years.공고 • Jun 14Martifer SGPS, S.A. announces Annual dividend, payable on June 25, 2025Martifer SGPS, S.A. announced Annual dividend of EUR 0.1200 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.분석 기사 • May 23Calculating The Fair Value Of Martifer SGPS, S.A. (ELI:MAR)Key Insights Martifer SGPS' estimated fair value is €2.38 based on 2 Stage Free Cash Flow to Equity With €2.06 share...분석 기사 • May 07Martifer SGPS' (ELI:MAR) Solid Earnings Have Been Accounted For ConservativelyThe market seemed underwhelmed by last week's earnings announcement from Martifer SGPS, S.A. ( ELI:MAR ) despite the...Buy Or Sell Opportunity • May 06Now 21% undervaluedOver the last 90 days, the stock has risen 5.4% to €1.85. The fair value is estimated to be €2.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 24%.Reported Earnings • May 04Full year 2024 earnings released: EPS: €0.23 (vs €0.20 in FY 2023)Full year 2024 results: EPS: €0.23 (up from €0.20 in FY 2023). Revenue: €264.5m (up 25% from FY 2023). Net income: €23.0m (up 17% from FY 2023). Profit margin: 8.7% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.공고 • May 01Martifer SGPS, S.A., Annual General Meeting, May 28, 2025Martifer SGPS, S.A., Annual General Meeting, May 28, 2025. Location: zona industrial de oliveira de frades, apartado 17, oliveira de frades PortugalNew Risk • Mar 09New 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. This is currently the only risk that has been identified for the company.New Risk • Aug 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Large one-off items impacting financial results.New Risk • Dec 31New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.53, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 292% over the past three years.Reported Earnings • Aug 23First half 2023 earnings released: EPS: €0.093 (vs €0.10 in 1H 2022)First half 2023 results: EPS: €0.093 (down from €0.10 in 1H 2022). Revenue: €105.4m (up 13% from 1H 2022). Net income: €9.10m (down 7.1% from 1H 2022). Profit margin: 8.6% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 5.4% 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 (2.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change).분석 기사 • Jun 17Martifer SGPS (ELI:MAR) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.33, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 245% over the past three years.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.19, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 218% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director Carla de Araujo Goncalves Borges Norte was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 24% share price gain to €1.08, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 161% over the past three years.Reported Earnings • Aug 27First half 2022 earnings released: EPS: €0.10 (vs €0.059 in 1H 2021)First half 2022 results: EPS: €0.10 (up from €0.059 in 1H 2021). Revenue: €103.7m (down 12% from 1H 2021). Net income: €9.79m (up 69% from 1H 2021). Profit margin: 9.4% (up from 4.9% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.Reported Earnings • May 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.12 (up from €0.064 in FY 2020). Revenue: €228.7m (flat on FY 2020). Net income: €11.3m (up 79% from FY 2020). Profit margin: 4.9% (up from 2.8% in FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Vítor Manuel Escária was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.02, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the Construction industry in Europe. Total returns to shareholders of 120% over the past three years.분석 기사 • Sep 16Here's Why Martifer SGPS (ELI:MAR) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Aug 19Investors Will Want Martifer SGPS' (ELI:MAR) Growth In ROCE To PersistIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...분석 기사 • Jul 21Estimating The Intrinsic Value Of Martifer SGPS, S.A. (ELI:MAR)Today we will run through one way of estimating the intrinsic value of Martifer SGPS, S.A. ( ELI:MAR ) by projecting...분석 기사 • Jun 08Does Martifer SGPS (ELI:MAR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • May 11Returns Are Gaining Momentum At Martifer SGPS (ELI:MAR)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Reported Earnings • Apr 17Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €249.3m (up 5.2% from FY 2019). Net income: €6.30m (down 73% from FY 2019). Profit margin: 2.5% (down from 9.9% in FY 2019). The decrease in margin was driven by higher expenses.분석 기사 • Feb 09What Can The Trends At Martifer SGPS (ELI:MAR) Tell Us About Their Returns?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Is New 90 Day High Low • Dec 15New 90-day high: €0.42The company is up 2.0% from its price of €0.41 on 15 September 2020. The Portuguese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period.분석 기사 • Dec 15Are Martifer SGPS's (ELI:MAR) Statutory Earnings A Good Guide To Its Underlying Profitability?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...Is New 90 Day High Low • Oct 09New 90-day low: €0.38The company is down 1.0% from its price of €0.38 on 10 July 2020. The Portuguese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 2.0% over the same period.CEO 보수 분석Pedro Miguel Duarte의 보수는 Martifer SGPS의 수익에 비해 어떻게 변했나요?날짜총 보수급여회사 수익Dec 31 2025€441k€140k€9mSep 30 2025n/an/a€14mJun 30 2025n/an/a€19mMar 31 2025n/an/a€21mDec 31 2024€379k€136k€23mSep 30 2024n/an/a€23mJun 30 2024n/an/a€22mMar 31 2024n/an/a€21mDec 31 2023€369k€112k€20mSep 30 2023n/an/a€16mJun 30 2023n/an/a€13mMar 31 2023n/an/a€13mDec 31 2022€367k€110k€13mSep 30 2022n/an/a€14mJun 30 2022n/an/a€15mMar 31 2022n/an/a€13mDec 31 2021€264k€98k€11mSep 30 2021n/an/a€11mJun 30 2021n/an/a€11mMar 31 2021n/an/a€8mDec 31 2020€252k€252k€6m보상 대 시장: Pedro Miguel의 총 보수(USD515.52K)는 Portuguese 시장에서 비슷한 규모 기업의 평균(USD665.29K) 수준입니다.보상과 수익: Pedro Miguel의 보상은 지난 1년 동안 회사 실적과 일치했습니다.CEOPedro Miguel Duarte 8.3yrs재임 기간€441,437보수Mr. Pedro Miguel Rodrigues Duarte is the CEO and Director of Martifer SGPS, SA since May 18, 2018.리더십 팀이름직위재임 기간보수지분Carlos Marques MartinsCo-Founder & Executive Chairman22.3yrs€366.52k데이터 없음Pedro Miguel DuarteCEO & Director8.3yrs€441.44k데이터 없음Jorge Alberto MartinsCo-Founder & Vice Chairman22.3yrs€316.15k데이터 없음Carlos da CostaCOO of Constructions & Directorno data€319.58k데이터 없음Andre Campos CarreiraCFO & Executive Board Memberless than a year데이터 없음데이터 없음Inês SerraCorporate Legal Director & Company Secretaryno data데이터 없음데이터 없음Paulo FerreiraCorporate Director of Planning & Management Controlno data데이터 없음데이터 없음더 보기8.3yrs평균 재임 기간경험이 풍부한 관리: MAR의 경영진은 노련하고 경험이 풍부합니다(평균 재임 8.3 년).이사회 구성원이름직위재임 기간보수지분Carlos Marques MartinsCo-Founder & Executive Chairman22.3yrs€366.52k데이터 없음Pedro Miguel DuarteCEO & Director8.3yrs€441.44k데이터 없음Jorge Alberto MartinsCo-Founder & Vice Chairman22.3yrs€316.15k데이터 없음Carlos da CostaCOO of Constructions & Director5.3yrs€319.58k데이터 없음Andre Campos CarreiraCFO & Executive Board Memberless than a year데이터 없음데이터 없음Arnaldo José da Costa FigueiredoVice Chairman16.3yrs€75.52k데이터 없음Nuno Miguel Rodrigues MarquesNon-executive Directorless than a year데이터 없음데이터 없음Maria Sílvia da Fonseca da MotaDirector8.3yrs€50.00k데이터 없음Mária Maria Machado de Barros PeixotoChairman of Supervisory Board8.3yrs데이터 없음데이터 없음Carla de Araujo Goncalves Borges NorteLead Independent Director5.3yrs€50.00k데이터 없음Susana Isabel Barreto Miranda SargentoIndependent Non-Executive Director2.3yrs€50.00k데이터 없음Alexandra da LopesNon-Executive Board Memberless than a year데이터 없음데이터 없음더 보기6.8yrs평균 재임 기간경험이 풍부한 이사회: MAR의 이사회는 경험이 있음으로 간주됩니다(평균 재임 6.8 년).View Ownership기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/24 05:28종가2026/08/21 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Martifer SGPS, S.A.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Javier Francisco EchanoveBanco SantanderBruno SilvaCaixa Banco BPIMariano AlarcoGoldman Sachs
공고 • May 01Martifer SGPS, S.A., Annual General Meeting, May 28, 2025Martifer SGPS, S.A., Annual General Meeting, May 28, 2025. Location: zona industrial de oliveira de frades, apartado 17, oliveira de frades Portugal
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director Carla de Araujo Goncalves Borges Norte was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Vítor Manuel Escária was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Jun 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 4.7% 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 Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. High level of non-cash earnings (58% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.7% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin).
Declared Dividend • Jun 15Dividend reduced to €0.093Dividend of €0.093 is 22% lower than last year. Ex-date: 23rd June 2026 Payment date: 25th June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 6.7% to bring the payout ratio under control, which is less than the 8.5% EPS growth achieved over the last 5 years.
공고 • Jun 14Martifer SGPS, S.A. announces Annual dividend, payable on June 25, 2026Martifer SGPS, S.A. announced Annual dividend of EUR 0.0930 per share payable on June 25, 2026, ex-date on June 23, 2026 and record date on June 24, 2026.
New Risk • May 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.2x 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 (2.2x net interest cover). High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin).
New Risk • Mar 29New 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 High level of non-cash earnings (61% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows.
공고 • Aug 06Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million.Visabeira Industria, SGPS, S.A. proposed to acquire Martifer SGPS, S.A. (ENXTLS:MAR) for approximately €200 million on August 6, 2025. A cash consideration valued at €2.057 per share will be paid by Visabeira Industria, SGPS, S.A. The amount will be paid in cash, less any (gross) amount that may be allocated to each Share as dividends, as an advance on profits for the year, or as a distribution of reserves. The statement clarifies that the consideration corresponds to €1.60, "plus an amount equal to the dividend distributed by Martifer for the 2025 fiscal year.
분석 기사 • Aug 06A Piece Of The Puzzle Missing From Martifer SGPS, S.A.'s (ELI:MAR) 32% Share Price ClimbENXTLS:MAR 1 Year Share Price vs Fair Value Explore Martifer SGPS's Fair Values from the Community and select yours...
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 3.8% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 30%After last week's 30% share price gain to €2.74, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Construction industry in Europe. Total returns to shareholders of 132% over the past three years.
공고 • Jun 14Martifer SGPS, S.A. announces Annual dividend, payable on June 25, 2025Martifer SGPS, S.A. announced Annual dividend of EUR 0.1200 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
분석 기사 • May 23Calculating The Fair Value Of Martifer SGPS, S.A. (ELI:MAR)Key Insights Martifer SGPS' estimated fair value is €2.38 based on 2 Stage Free Cash Flow to Equity With €2.06 share...
분석 기사 • May 07Martifer SGPS' (ELI:MAR) Solid Earnings Have Been Accounted For ConservativelyThe market seemed underwhelmed by last week's earnings announcement from Martifer SGPS, S.A. ( ELI:MAR ) despite the...
Buy Or Sell Opportunity • May 06Now 21% undervaluedOver the last 90 days, the stock has risen 5.4% to €1.85. The fair value is estimated to be €2.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 24%.
Reported Earnings • May 04Full year 2024 earnings released: EPS: €0.23 (vs €0.20 in FY 2023)Full year 2024 results: EPS: €0.23 (up from €0.20 in FY 2023). Revenue: €264.5m (up 25% from FY 2023). Net income: €23.0m (up 17% from FY 2023). Profit margin: 8.7% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
공고 • May 01Martifer SGPS, S.A., Annual General Meeting, May 28, 2025Martifer SGPS, S.A., Annual General Meeting, May 28, 2025. Location: zona industrial de oliveira de frades, apartado 17, oliveira de frades Portugal
New Risk • Mar 09New 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. This is currently the only risk that has been identified for the company.
New Risk • Aug 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Large one-off items impacting financial results.
New Risk • Dec 31New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.53, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 292% over the past three years.
Reported Earnings • Aug 23First half 2023 earnings released: EPS: €0.093 (vs €0.10 in 1H 2022)First half 2023 results: EPS: €0.093 (down from €0.10 in 1H 2022). Revenue: €105.4m (up 13% from 1H 2022). Net income: €9.10m (down 7.1% from 1H 2022). Profit margin: 8.6% (down from 11% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Portuguese stocks, typically moving 5.4% 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 (2.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change).
분석 기사 • Jun 17Martifer SGPS (ELI:MAR) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.33, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 245% over the past three years.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.19, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 218% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director Carla de Araujo Goncalves Borges Norte was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 24% share price gain to €1.08, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 161% over the past three years.
Reported Earnings • Aug 27First half 2022 earnings released: EPS: €0.10 (vs €0.059 in 1H 2021)First half 2022 results: EPS: €0.10 (up from €0.059 in 1H 2021). Revenue: €103.7m (down 12% from 1H 2021). Net income: €9.79m (up 69% from 1H 2021). Profit margin: 9.4% (up from 4.9% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
Reported Earnings • May 02Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: €0.12 (up from €0.064 in FY 2020). Revenue: €228.7m (flat on FY 2020). Net income: €11.3m (up 79% from FY 2020). Profit margin: 4.9% (up from 2.8% in FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Vítor Manuel Escária was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.02, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the Construction industry in Europe. Total returns to shareholders of 120% over the past three years.
분석 기사 • Sep 16Here's Why Martifer SGPS (ELI:MAR) Has A Meaningful Debt BurdenLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Aug 19Investors Will Want Martifer SGPS' (ELI:MAR) Growth In ROCE To PersistIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
분석 기사 • Jul 21Estimating The Intrinsic Value Of Martifer SGPS, S.A. (ELI:MAR)Today we will run through one way of estimating the intrinsic value of Martifer SGPS, S.A. ( ELI:MAR ) by projecting...
분석 기사 • Jun 08Does Martifer SGPS (ELI:MAR) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • May 11Returns Are Gaining Momentum At Martifer SGPS (ELI:MAR)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Reported Earnings • Apr 17Full year 2020 earnings releasedThe company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €249.3m (up 5.2% from FY 2019). Net income: €6.30m (down 73% from FY 2019). Profit margin: 2.5% (down from 9.9% in FY 2019). The decrease in margin was driven by higher expenses.
분석 기사 • Feb 09What Can The Trends At Martifer SGPS (ELI:MAR) Tell Us About Their Returns?To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Is New 90 Day High Low • Dec 15New 90-day high: €0.42The company is up 2.0% from its price of €0.41 on 15 September 2020. The Portuguese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period.
분석 기사 • Dec 15Are Martifer SGPS's (ELI:MAR) Statutory Earnings A Good Guide To Its Underlying Profitability?Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...
Is New 90 Day High Low • Oct 09New 90-day low: €0.38The company is down 1.0% from its price of €0.38 on 10 July 2020. The Portuguese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 2.0% over the same period.