Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Luxury industry in Italy. Total loss to shareholders of 71% over the past three years. New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% 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 (2.8x net interest cover). Market cap is less than US$10m (€5.85m market cap, or US$6.68m). Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 42% 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 Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (€6.10m market cap, or US$7.16m). New Risk • Apr 19
New minor risk - Financial data availability The 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Market cap is less than US$10m (€5.48m market cap, or US$6.45m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.7% average weekly change). Aankondiging • Apr 17
Gismondi 1754 S.p.A., Annual General Meeting, Apr 30, 2026 Gismondi 1754 S.p.A., Annual General Meeting, Apr 30, 2026, at 11:00 W. Europe Standard Time. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Market cap is less than US$10m (€6.16m market cap, or US$7.36m). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Buy Or Sell Opportunity • Oct 21
Now 22% overvalued Over the last 90 days, the stock has fallen 4.8% to €1.98. The fair value is estimated to be €1.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 46% in the next year. New Risk • Aug 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% 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 Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Market cap is less than US$10m (€7.98m market cap, or US$9.33m). Minor Risk Share price has been volatile over the past 3 months (5.3% average weekly change). Buy Or Sell Opportunity • Jun 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.5% to €2.08. The fair value is estimated to be €2.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 2.5% in 2 years. Earnings are forecast to grow by 91% in the next 2 years. New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.76m (US$9.96m) This is considered a major risk. Companies with a small market capitalization 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 Risks Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Market cap is less than US$10m (€8.76m market cap, or US$9.96m). Major Estimate Revision • Apr 29
Consensus revenue estimates fall by 28% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €16.5m to €11.8m. Forecast loss of -€0.13, down from profit of €0.06 per share profit previously. Luxury industry in Italy expected to see average net income growth of 24% next year. Consensus price target down from €4.00 to €3.00. Share price was steady at €2.29 over the past week. Buy Or Sell Opportunity • Apr 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €2.18. The fair value is estimated to be €2.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 2.0% in 2 years. Earnings are forecast to grow by 91% in the next 2 years. Aankondiging • Apr 17
Gismondi 1754 S.p.A., Annual General Meeting, Apr 30, 2025 Gismondi 1754 S.p.A., Annual General Meeting, Apr 30, 2025, at 12:00 W. Europe Standard Time. New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.97m (US$9.77m) This is considered a major risk. Companies with a small market capitalization 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (€8.97m market cap, or US$9.77m). Major Estimate Revision • Oct 25
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €17.5m to €14.3m. Forecast loss of -€0.16, down from profit of €0.14 per share profit previously. Luxury industry in Italy expected to see average net income growth of 32% next year. Consensus price target down from €5.50 to €4.00. Share price rose 13% to €3.53 over the past week. Reported Earnings • Sep 26
First half 2024 earnings released First half 2024 results: Revenue: €7.55m (down 4.2% from 1H 2023). Net loss: €467.1k (down 169% from profit in 1H 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Italy. New Risk • Sep 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% 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: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (€12.8m market cap, or US$14.2m). New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 11% 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 (1.4x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (€14.5m market cap, or US$15.4m). New Risk • Apr 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (38% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€13.8m market cap, or US$14.8m). New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (38% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€14.0m market cap, or US$14.9m). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €5.10, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 23x in the Luxury industry in Italy. Total returns to shareholders of 88% over the past three years. Price Target Changed • Oct 08
Price target decreased by 7.5% to €7.40 Down from €8.00, the current price target is provided by 1 analyst. New target price is 67% above last closing price of €4.42. Stock is up 6.8% over the past year. The company posted earnings per share of €0.40 last year. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.15, the stock trades at a trailing P/E ratio of 12.9x. Average forward P/E is 22x in the Luxury industry in Italy. Total returns to shareholders of 106% over the past three years. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.1% 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 High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (€22.2m market cap, or US$24.3m). Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 27% share price gain to €7.35, the stock trades at a trailing P/E ratio of 46x. Average forward P/E is 19x in the Luxury industry in Italy. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 17% share price gain to €5.95, the stock trades at a trailing P/E ratio of 37.3x. Average forward P/E is 21x in the Luxury industry in Italy. Total returns to shareholders of 80% over the past year. 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. 3 non-independent directors. Independent Director Giovanni Palma 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. Buying Opportunity • Nov 11
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €6.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last year. Earnings per share has grown by 116%. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to €5.00, the stock trades at a trailing P/E ratio of 31.3x. Average forward P/E is 20x in the Luxury industry in Italy. Total returns to shareholders of 52% over the past year. Reported Earnings • Sep 27
First half 2022 earnings released: EPS: €0 (vs €0.019 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €7.23m (up 86% from 1H 2021). Net income: €374.5k (up 385% from 1H 2021). Profit margin: 5.2% (up from 2.0% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Italy. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 23% share price gain to €5.55, the stock trades at a trailing P/E ratio of 64.2x. Average forward P/E is 21x in the Luxury industry in Italy. Total returns to shareholders of 89% over the past year. 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. 3 non-independent directors. Independent Director Giovanni Palma 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. Is New 90 Day High Low • Dec 04
New 90-day high: €2.40 The company is up 1.0% from its price of €2.37 on 04 September 2020. The Italian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 27% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: €1.85 The company is down 28% from its price of €2.58 on 15 July 2020. The Italian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 7.0% over the same period. Reported Earnings • Oct 03
First half earnings released Over the last 12 months the company has reported total profits of €39.8k, down 94% from the prior year. Total revenue was €6.42m over the last 12 months, up 13% from the prior year.