Aankondiging • Apr 14
Intred S.p.A., Annual General Meeting, Apr 28, 2026 Intred S.p.A., Annual General Meeting, Apr 28, 2026, at 09:00 W. Europe Standard Time. Declared Dividend • Mar 29
Dividend increased to €0.12 Dividend of €0.12 is 20% higher than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 27
Intred S.p.A. announces Annual dividend, payable on May 13, 2026 Intred S.p.A. announced Annual dividend of EUR 0.1200 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. Price Target Changed • Sep 29
Price target decreased by 7.2% to €16.95 Down from €18.27, the current price target is an average from 4 analysts. New target price is 77% above last closing price of €9.60. Stock is down 14% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.43 last year. Reported Earnings • Sep 28
First half 2025 earnings released First half 2025 results: Revenue: €27.9m (up 7.4% from 1H 2024). Net income: €3.60m (up 1.6% from 1H 2024). Profit margin: 13% (in line with 1H 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Italy. Reported Earnings • May 29
Full year 2024 earnings released: EPS: €0.43 (vs €0.52 in FY 2023) Full year 2024 results: EPS: €0.43 (down from €0.52 in FY 2023). Revenue: €55.3m (up 10% from FY 2023). Net income: €6.89m (down 16% from FY 2023). Profit margin: 13% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Italy. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 05
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (4.9%). New Risk • Apr 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 Risk High level of non-cash earnings (20% accrual ratio). Minor Risk High level of debt (55% net debt to equity). Declared Dividend • Mar 27
Dividend of €0.10 announced Dividend of €0.10 is the same as last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.3%. Aankondiging • Mar 27
Intred S.p.A. announces Annual dividend, payable on May 14, 2025 Intred S.p.A. announced Annual dividend of EUR 0.1000 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025. Reported Earnings • Sep 28
First half 2024 earnings released First half 2024 results: EPS: €0.22. Revenue: €26.0m (up 5.8% from 1H 2023). Net income: €3.54m (down 9.2% from 1H 2023). Profit margin: 14% (down from 16% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Italy. Upcoming Dividend • Apr 29
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (4.9%). Reported Earnings • Apr 09
Full year 2023 earnings released Full year 2023 results: Revenue: €50.5m (up 11% from FY 2022). Net income: €8.19m (down 5.6% from FY 2022). Profit margin: 16% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Italy. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €10.70, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Telecom industry in Italy. Total returns to shareholders of 14% over the past three years. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Price Target Changed • Oct 02
Price target decreased by 10% to €19.20 Down from €21.40, the current price target is an average from 3 analysts. New target price is 78% above last closing price of €10.80. Stock is down 12% over the past year. The company is forecast to post earnings per share of €0.55 for next year compared to €0.55 last year. Upcoming Dividend • May 01
Upcoming dividend of €0.07 per share at 0.5% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 14
Full year 2022 earnings released Full year 2022 results: Revenue: €46.1m (up 12% from FY 2021). Net income: €8.67m (flat on FY 2021). Profit margin: 19% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Telecom industry in Italy. Price Target Changed • Nov 16
Price target decreased to €21.40 Down from €24.00, the current price target is an average from 3 analysts. New target price is 69% above last closing price of €12.70. Stock is down 31% over the past year. The company is forecast to post earnings per share of €0.59 for next year compared to €0.54 last 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. 6 non-independent directors. President of Board of Statutory Auditors Simona De Rossi was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.24 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €23.3m (up 23% from 1H 2021). Net income: €4.27m (up 13% from 1H 2021). Profit margin: 18% (down from 20% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Telecom industry in Italy. Price Target Changed • Sep 30
Price target decreased to €21.40 Down from €24.00, the current price target is an average from 2 analysts. New target price is 77% above last closing price of €12.10. Stock is down 36% over the past year. The company is forecast to post earnings per share of €0.59 for next year compared to €0.54 last year. Buying Opportunity • Jul 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €17.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to €16.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Telecom industry in Europe. Total returns to shareholders of 273% over the past three years. 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. Director Giulia Peli 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 • Apr 15
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Net income: €8.62m (up 41% from FY 2020). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €13.45, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 27x in the Telecom industry in Italy. Total returns to shareholders of 304% over the past three years. Reported Earnings • Oct 04
First half 2021 earnings released The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €18.9m (up 58% from 1H 2020). Net income: €3.79m (up 32% from 1H 2020). Profit margin: 20% (down from 24% in 1H 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 25
Full year 2020 earnings released: EPS €0.39 (vs €0.27 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €35.5m (up 70% from FY 2019). Net income: €6.11m (up 41% from FY 2019). Profit margin: 17% (down from 21% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 76% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 27
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 0.3%. Lower than top quartile of Italian dividend payers (4.0%). Lower than average of industry peers (4.6%). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 15% share price gain to €13.25, the stock is trading at a trailing P/E ratio of 40.9x, up from the previous P/E ratio of 35.5x. This compares to an average P/E of 20x in the Telecom industry in Europe. Total returns to shareholders over the past year are 99%. Is New 90 Day High Low • Feb 15
New 90-day high: €12.10 The company is up 34% from its price of €9.00 on 17 November 2020. The Italian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is flat over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: €10.95 The company is up 19% from its price of €9.22 on 29 October 2020. The Italian market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: €9.82 The company is up 6.0% from its price of €9.26 on 06 October 2020. The Italian market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 5.0% over the same period. Aankondiging • Oct 06
Intred S.p.A. to Report Q3, 2020 Results on Nov 05, 2020 Intred S.p.A. announced that they will report Q3, 2020 results on Nov 05, 2020 Aankondiging • Jul 09
Intred S.p.A. to Report Q2, 2020 Results on Aug 04, 2020 Intred S.p.A. announced that they will report Q2, 2020 results on Aug 04, 2020