Reported Earnings • May 02
First quarter 2026 earnings released First quarter 2026 results: Revenue: €61.7m (down 8.4% from 1Q 2025). Net income: €2.80m (up 154% from 1Q 2025). Profit margin: 4.5% (up from 1.6% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Forestry industry in Europe. Announcement • Apr 14
Iberpapel Gestión, S.A., Annual General Meeting, May 25, 2026 Iberpapel Gestión, S.A., Annual General Meeting, May 25, 2026. Location: hotel londres y de inglaterra, calle zubieta 2, san sebastian, guipuzcoa., Spain Declared Dividend • Dec 01
Dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 10th December 2025 Payment date: 12th December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.7%. Sustainability & Growth The dividend has increased over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Jul 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €50.4m (down 18% from 2Q 2024). Net income: €1.13m (down 82% from 2Q 2024). Profit margin: 2.2% (down from 10% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Buy Or Sell Opportunity • Jun 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to €20.60. The fair value is estimated to be €17.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 3.8% in the next 2 years. Buy Or Sell Opportunity • May 07
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €20.80. The fair value is estimated to be €16.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 3.8% in the next 2 years. Upcoming Dividend • May 02
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 13 May 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (4.3%). Reported Earnings • Apr 29
First quarter 2025 earnings released First quarter 2025 results: EPS: €0.10. Revenue: €67.3m (up 8.4% from 1Q 2024). Net income: €1.10m (down 72% from 1Q 2024). Profit margin: 1.6% (down from 6.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Forestry industry in Europe. Announcement • Mar 21
Iberpapel Gestión, S.A., Annual General Meeting, Apr 23, 2025 Iberpapel Gestión, S.A., Annual General Meeting, Apr 23, 2025. Location: hotel londres y de inglaterra, calle zubieta 2, san sebastian, guipuzcoa., Spain Buy Or Sell Opportunity • Mar 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.5% to €19.80. The fair value is estimated to be €16.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 6.7% in the next 2 years. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: €2.12 (vs €4.34 in FY 2023) Full year 2024 results: EPS: €2.12 (down from €4.34 in FY 2023). Revenue: €238.2m (down 5.2% from FY 2023). Net income: €23.2m (down 51% from FY 2023). Profit margin: 9.7% (down from 19% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 30
Dividend of €0.41 announced Shareholders will receive a dividend of €0.41. Ex-date: 11th December 2024 Payment date: 13th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.48. Revenue: €62.1m (up 13% from 3Q 2023). Net income: €5.22m (down 79% from 3Q 2023). Profit margin: 8.4% (down from 44% in 3Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Buy Or Sell Opportunity • Oct 05
Now 23% overvalued Over the last 90 days, the stock has fallen 4.1% to €18.70. The fair value is estimated to be €15.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 52% in the next 2 years. Reported Earnings • Jul 25
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €61.6m (down 2.9% from 2Q 2023). Net income: €6.40m (down 6.0% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Declared Dividend • Jun 12
Dividend of €0.41 announced Shareholders will receive a dividend of €0.41. Ex-date: 13th June 2024 Payment date: 17th June 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 32% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • Jun 01
Dividend of €0.41 announced Shareholders will receive a dividend of €0.41. Ex-date: 4th June 2024 Payment date: 6th June 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 32% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Apr 27
First quarter 2024 earnings released First quarter 2024 results: Revenue: €63.6m (down 5.6% from 1Q 2023). Net income: €3.93m (down 27% from 1Q 2023). Profit margin: 6.2% (down from 8.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Announcement • Apr 13
Iberpapel Gestión, S.A. announced that it expects to receive €0.129 million in funding Iberpapel Gestión, S.A. announces private placement of 215,000 ordinary shares at a issue price of €0.6 per share for gross proceeds of € 129,000 on April 11, 2024. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: €4.42 (vs €1.47 in FY 2022) Full year 2023 results: EPS: €4.42 (up from €1.47 in FY 2022). Revenue: €250.8m (down 15% from FY 2022). Net income: €47.1m (up 198% from FY 2022). Profit margin: 19% (up from 5.4% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Forestry industry in Europe. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent External Director Maria Jose Beato was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 13
Upcoming dividend of €0.41 per share at 1.5% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (5.1%). New Risk • Nov 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 103% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 44% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jul 30
First half 2023 earnings released First half 2023 results: EPS: €0.97. Revenue: €134.7m (down 18% from 1H 2022). Net income: €10.7m (up 42% from 1H 2022). Profit margin: 8.0% (up from 4.6% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Upcoming Dividend • May 31
Upcoming dividend of €0.12 per share at 1.8% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: €1.47 (vs €0.86 in FY 2021) Full year 2022 results: EPS: €1.47 (up from €0.86 in FY 2021). Revenue: €295.0m (up 24% from FY 2021). Net income: €15.8m (up 71% from FY 2021). Profit margin: 5.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 5.1% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 21% share price gain to €15.75, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Forestry industry in Europe. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €17.39 per share. Reported Earnings • Jul 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €80.5m (up 39% from 2Q 2021). Net income: €4.72m (down 1.0% from 2Q 2021). Profit margin: 5.9% (down from 8.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 11% compared to a 5.7% growth forecast for the industry in the United Kingdom. Upcoming Dividend • May 10
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (4.9%). In line with average of industry peers (3.3%). Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: Revenue: €84.9m (up 72% from 1Q 2021). Net income: €2.81m (up 21% from 1Q 2021). Profit margin: 3.3% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 9.8% compared to a 6.3% growth forecast for the industry in the United Kingdom. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.86 (up from €0.39 in FY 2020). Revenue: €237.2m (up 52% from FY 2020). Net income: €9.29m (up 119% from FY 2020). Profit margin: 3.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Over the next year, revenue is expected to shrink by 1.8% compared to a 4.1% growth forecast for the industry in the United Kingdom. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS €0.27 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €60.6m (up 76% from 3Q 2020). Net income: €2.92m (up €7.81m from 3Q 2020). Profit margin: 4.8% (up from net loss in 3Q 2020).