Upcoming Dividend • May 11
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (1.0%). Aankondiging • Apr 16
ILPRA S.p.A., Annual General Meeting, Apr 30, 2026 ILPRA S.p.A., Annual General Meeting, Apr 30, 2026, at 10:00 W. Europe Standard Time. Reported Earnings • Apr 01
Full year 2025 earnings released Full year 2025 results: Revenue: €87.9m (up 21% from FY 2024). Net income: €6.13m (up 16% from FY 2024). Profit margin: 7.0% (down from 7.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Italy. Upcoming Dividend • Oct 13
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 20 October 2025. Payment date: 22 October 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Italian dividend payers (4.9%). Higher than average of industry peers (1.3%). Major Estimate Revision • Sep 30
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.62 to €0.545 per share. Revenue forecast steady at €79.3m. Net income forecast to grow 35% next year vs 35% growth forecast for Machinery industry in Italy. Consensus price target of €8.31 unchanged from last update. Share price was steady at €5.65 over the past week. Aankondiging • Jul 19
ILPRA S.p.A. (BIT:ILP) completed the acquisition of 90% stake in Gelmini Srl from Gaspari Vittorio and Marco Mantovani. ILPRA S.p.A. (BIT:ILP) signed a binding agreement to acquire 90% stake in Gelmini Srl from Gaspari Vittorio and Marco Mantovani for €5 million on June 16, 2025. The total consideration for the transaction has been set at €2.7 million, to be paid in cash at closing, plus an “earn out” of €1.35 million payable over three years upon achievement of revenue and EBITDA margin targets. Marco Mantovani will be appointed Chairman and CEO of Gelmini and will remain in office until the approval of the financial statements as of December 31, 2025; the remaining board members will be appointed by ILPRA S.p.A.
For the period ending December 31, 2024, Gelmini Srl reported total revenue of €6.1 million. As of December 31, 2024, Gelmini Srl reported total assets of €6.8 million and net debt of €0.97 million.
The transaction is expected by the end of July 2025.
Andrea Rodolfo Masera of Studio Legale Associato Caffù Mairate Rodolfo Masera Zanquoghi acted as legal advisor for ILPRA S.p.A.
ILPRA S.p.A. (BIT:ILP) completed the acquisition of 90% stake in Gelmini Srl from Gaspari Vittorio and Marco Mantovani on July 17, 2025. Upcoming Dividend • May 12
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%). Aankondiging • Apr 15
ILPRA S.p.A., Annual General Meeting, Apr 29, 2025 ILPRA S.p.A., Annual General Meeting, Apr 29, 2025, at 10:30 W. Europe Standard Time. New Risk • Apr 13
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks High level of debt (52% net debt to equity). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€49.0m market cap, or US$55.5m). Upcoming Dividend • Oct 14
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 21 October 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.2%). Higher than average of industry peers (1.6%). Major Estimate Revision • Oct 07
Consensus revenue estimates decrease by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €70.0m to €62.8m. EPS estimate unchanged from €0.51 per share at last update. Machinery industry in Italy expected to see average net income growth of 24% next year. Consensus price target down from €8.64 to €8.40. Share price was steady at €5.00 over the past week. Aankondiging • Aug 02
ILPRA S.p.A. (BIT:ILP) signed a binding agreement to acquire 51% stake in Migliorini S.R.L. ILPRA S.p.A. (BIT:ILP) signed a binding agreement to acquire 51% stake in Migliorini S.R.L. on August 1, 2024. The operation will take place through the subscription of a reserved capital increase for a total of 600,000 euros, of which 546,960 as a premium. It should be noted that the same is subject to the completion, no later than the essential deadline of 30 September 2024, of the merger by incorporation of Sami Immobiliare Srl into Migliorini Srl. Once this condition has been met, the counterparties will have 30 days to carry out the aforementioned capital increase. In terms of governance of the acquired company, Gianpietro Migliorini will be appointed Chairman of the Board of Directors and Chief Executive Officer, and will remain in office for three years. ILPRA will appoint two directors, who will be assigned any powers decided by the Board of Directors. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.65, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.44 per share. Upcoming Dividend • May 13
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.3%). Aankondiging • Apr 19
ILPRA S.p.A. (BIT:ILP) agreed to acquire remining 76.67% stake in Ilpra Systems EspaIa Sl. ILPRA S.p.A. (BIT:ILP) agreed to acquire remining 76.67% stake in Ilpra Systems EspaIa Sl on April 18, 2024. The board of directors of ILPRA has approved the acquisition. The acquisition of 100% of Ilpra System Espana will allow us to reduce the management costs of the Iberian structure, shorten the decision-making chain, leaving a direct presence on the Spanish market, strategic for our group. Upcoming Dividend • Oct 09
Upcoming dividend of €0.06 per share at 2.4% yield Eligible shareholders must have bought the stock before 16 October 2023. Payment date: 18 October 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.8%). Higher than average of industry peers (1.1%). Reported Earnings • Sep 28
First half 2023 earnings released First half 2023 results: Revenue: €30.0m (up 38% from 1H 2022). Net income: €2.46m (up 20% from 1H 2022). Profit margin: 8.2% (down from 9.4% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Machinery industry in Italy. New Risk • Sep 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.4% operating cash flow to total debt). High level of non-cash earnings (48% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€64.8m market cap, or US$68.7m). Price Target Changed • Jun 20
Price target increased by 8.9% to €9.16 Up from €8.41, the current price target is an average from 3 analysts. New target price is 73% above last closing price of €5.30. Stock is up 58% over the past year. The company is forecast to post earnings per share of €0.61 for next year compared to €0.44 last year. Upcoming Dividend • May 08
Upcoming dividend of €0.06 per share at 2.4% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.2%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €5.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.14 per share. Price Target Changed • Mar 31
Price target increased by 7.7% to €7.20 Up from €6.68, the current price target is an average from 3 analysts. New target price is 57% above last closing price of €4.57. Stock is up 17% over the past year. The company is forecast to post earnings per share of €0.46 for next year compared to €0.37 last year. Buying Opportunity • Feb 13
Now 21% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be €6.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. MD & Director Paolo Arata was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 25
First half 2022 earnings released: EPS: €0 (vs €0.18 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.18 in 1H 2021). Revenue: €22.3m (up 8.8% from 1H 2021). Net income: €2.05m (down 4.2% from 1H 2021). Profit margin: 9.2% (down from 10% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Machinery industry in Italy. Upcoming Dividend • May 09
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.2%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. MD & Director Paolo Arata was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 14
ILPRA S.p.A. (BIT:ILP) completed the acquisition of 30% stake in Macs S.R.L. for €300,000. ILPRA S.p.A. (BIT:ILP) signed a binding agreement to acquire 30% stake in Macs S.R.L. on February 17, 2022. The closing of the transaction is expected by April 2022.
ILPRA S.p.A. (BIT:ILP) completed the acquisition of 30% stake in Macs S.R.L. for €300,000 on April 13, 2022. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 18% share price gain to €3.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 25% share price decline to €3.02, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 45% over the past three years. Upcoming Dividend • Oct 11
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 18 October 2021. Payment date: 20 October 2021. Trailing yield: 1.3%. Lower than top quartile of Italian dividend payers (3.4%). Higher than average of industry peers (0.6%). Reported Earnings • Sep 28
First half 2021 earnings released: EPS €0.18 (vs €0.087 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €20.5m (up 31% from 1H 2020). Net income: €2.14m (up 103% from 1H 2020). Profit margin: 10% (up from 6.7% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to €4.30, the stock trades at a trailing P/E ratio of 19.2x. Average forward P/E is 24x in the Machinery industry in Italy. Total returns to shareholders of 130% over the past year. Reported Earnings • Jun 20
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €34.2m (up 3.3% from FY 2019). Net income: €2.70m (up 71% from FY 2019). Profit margin: 7.9% (up from 4.8% in FY 2019). Upcoming Dividend • May 10
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 1.9%. Lower than top quartile of Italian dividend payers (3.9%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 38% share price gain to €3.62, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Machinery industry in Italy. Total returns to shareholders of 81% over the past year. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 16% share price gain to €2.46, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Machinery industry in Italy. Total returns to shareholders of 26% over the past year. Is New 90 Day High Low • Mar 01
New 90-day high: €2.18 The company is up 15% from its price of €1.90 on 01 December 2020. The Italian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 8.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: €2.10 The company is up 9.0% from its price of €1.93 on 11 November 2020. The Italian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: €1.98 The company is up 4.0% from its price of €1.90 on 29 September 2020. The Italian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total profits of €2.38m, up 5.6% from the prior year. Total revenue was €33.3m over the last 12 months, up 6.8% from the prior year.