Board Change • Apr 17
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. 4 non-independent directors. Member of Statutory Auditors Norberto Mariani was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 13
G.M. Leather S.p.A., Annual General Meeting, Apr 28, 2026 G.M. Leather S.p.A., Annual General Meeting, Apr 28, 2026, at 10:30 W. Europe Standard Time. Aankondiging • Feb 28
G.M. Leather S.p.A. has completed a Follow-on Equity Offering in the amount of €4.494298 million. G.M. Leather S.p.A. has completed a Follow-on Equity Offering in the amount of €4.494298 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,149,560
Price\Range: €0.76
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,763,990
Price\Range: €0.76
Transaction Features: Rights Offering New Risk • Feb 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (€10.8m market cap, or US$12.7m). New Risk • Feb 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.43m (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 Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (€8.43m market cap, or US$9.96m). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). New Risk • Jan 20
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: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€9.33m market cap, or US$10.9m). New Risk • Jul 11
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 5.7% 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 (1.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (€10.9m market cap, or US$12.7m). Board Change • Jun 17
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. 4 non-independent directors. Member of Statutory Auditors Norberto Mariani was the last director to join the board, commencing their role in 2025. 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 • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.07, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 11x in the Luxury industry in Italy. Total loss to shareholders of 3.6% over the past year. Aankondiging • Apr 15
G.M. Leather S.p.A., Annual General Meeting, Apr 29, 2025 G.M. Leather S.p.A., Annual General Meeting, Apr 29, 2025, at 17:30 W. Europe Standard Time. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€10.3m market cap, or US$11.7m). New Risk • Dec 02
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 5.6% 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 (1.7x net interest cover). Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (€12.8m market cap, or US$13.6m). Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.21, the stock trades at a trailing P/E ratio of 11.5x. Average forward P/E is 17x in the Luxury industry in Italy. Total loss to shareholders of 20% over the past year. Reported Earnings • Sep 30
First half 2024 earnings released First half 2024 results: Revenue: €19.3m (down 13% from 1H 2023). Net income: €258.1k (down 77% from 1H 2023). Profit margin: 1.3% (down from 5.1% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Luxury industry in Italy. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to €1.56, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 17x in the Luxury industry in Italy. Total returns to shareholders of 5.4% over the past year. New Risk • Apr 22
New major risk - Revenue and earnings growth Revenue has declined by 0.09% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 (2.5x net interest cover). Revenue has declined by 0.09% over the past year. High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€12.6m market cap, or US$13.4m). Reported Earnings • Apr 15
Full year 2023 earnings released Full year 2023 results: Revenue: €41.7m (flat on FY 2022). Net income: €2.04m (up 1.4% from FY 2022). Profit margin: 4.9% (up from 4.8% in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Luxury industry in Italy. New Risk • Apr 14
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 (2.8% operating cash flow to total debt). Revenue has declined by 8.1% over the past year. High level of non-cash earnings (30% 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 (€12.5m market cap, or US$13.3m). Price Target Changed • Oct 05
Price target decreased by 10% to €5.58 Down from €6.20, the current price target is an average from 2 analysts. New target price is 298% above last closing price of €1.40. Stock is down 14% over the past year. The company posted earnings per share of €0.18 last year. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.74, the stock trades at a trailing P/E ratio of 9.7x. Average forward P/E is 21x in the Luxury industry in Italy.