New Risk • Dec 15
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 Latest financial reports are more than 1 year old (reported September 2024 fiscal period end). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€4.7m net loss in 2 years). Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (€35.4m market cap, or US$41.6m). New Risk • Nov 12
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2024 fiscal period end). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€4.7m net loss in 2 years). Market cap is less than US$100m (€37.4m market cap, or US$43.3m). New Risk • Jul 11
New major risk - Revenue and earnings growth Earnings have declined by 60% 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 Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Currently unprofitable and not forecast to become profitable next year (€13m net loss next year). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (€46.9m market cap, or US$54.8m). New Risk • May 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Less than 1 year of cash runway based on free cash flow trend (-€24m free cash flow). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€6.8m net loss in 2 years). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€52.2m market cap, or US$59.2m). New Risk • May 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 7.1% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€24m free cash flow). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€5.0m net loss in 2 years). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€54.9m market cap, or US$62.4m). New Risk • Apr 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€24m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€24m free cash flow). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€5.0m net loss in 2 years). Market cap is less than US$100m (€48.5m market cap, or US$55.2m). New Risk • Jan 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% This is considered a major 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€24m). Currently unprofitable and not forecast to become profitable over next 2 years (€5.0m net loss in 2 years). Market cap is less than US$100m (€77.1m market cap, or US$79.4m). New Risk • Nov 13
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 5.5% 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 Less than 1 year of cash runway based on current free cash flow (-€30m). Currently unprofitable and not forecast to become profitable over next 2 years (€4.7m net loss in 2 years). Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (€29.6m market cap, or US$31.4m). Reported Earnings • Nov 10
Third quarter 2024 earnings released: €0.04 loss per share (vs €0.03 loss in 3Q 2023) Third quarter 2024 results: €0.04 loss per share (further deteriorated from €0.03 loss in 3Q 2023). Revenue: €59.6m (down 14% from 3Q 2023). Net loss: €8.93m (loss widened 32% from 3Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 07
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €309.9m to €276.4m. Forecast losses increased from -€0.042 to -€0.059 per share. Auto Components industry in Italy expected to see average net income growth of 26% next year. Consensus price target of €0.28 unchanged from last update. Share price fell 16% to €0.15 over the past week. Major Estimate Revision • Oct 30
Consensus revenue estimates decrease by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €310.0m to €278.1m. EPS estimate unchanged from -€0.059 per share at last update. Auto Components industry in Italy expected to see average net income growth of 30% next year. Consensus price target down from €0.39 to €0.28. Share price was steady at €0.20 over the past week. Breakeven Date Change • Oct 29
No longer forecast to breakeven The analyst covering Landi Renzo no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €6.00m in 2026. New forecast suggests the company will make a loss of €3.50m in 2026. Reported Earnings • Sep 08
Second quarter 2024 earnings released: €0.038 loss per share (vs €0.049 loss in 2Q 2023) Second quarter 2024 results: €0.038 loss per share (improved from €0.049 loss in 2Q 2023). Revenue: €70.8m (down 12% from 2Q 2023). Net loss: €8.59m (loss narrowed 22% from 2Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Aug 27
Landi Renzo S.p.A., Annual General Meeting, Sep 24, 2024 Landi Renzo S.p.A., Annual General Meeting, Sep 24, 2024, at 11:00 W. Europe Standard Time. Location: via agnello 18 20121, milano Italy New Risk • Aug 09
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €33m Forecast net loss in 2 years: €1.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€1.8m net loss in 2 years). Market cap is less than US$100m (€57.6m market cap, or US$62.9m). Reported Earnings • Aug 07
Full year 2023 earnings released: €0.16 loss per share (vs €0.063 loss in FY 2022) Full year 2023 results: €0.16 loss per share (further deteriorated from €0.063 loss in FY 2022). Revenue: €303.3m (down 1.0% from FY 2022). Net loss: €35.2m (loss widened 146% from FY 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. New Risk • Jul 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (€61.2m market cap, or US$66.9m). Breakeven Date Change • Mar 31
No longer forecast to breakeven The 3 analysts covering Landi Renzo no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €2.23m in 2025. New consensus forecast suggests the company will make a loss of €2.94m in 2025. Buy Or Sell Opportunity • Feb 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to €0.41. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. New Risk • Dec 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €32m Forecast net loss in 2 years: €457k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€457k net loss in 2 years). Market cap is less than US$100m (€90.7m market cap, or US$99.5m). Major Estimate Revision • Nov 29
Consensus EPS estimates upgraded to €0.059 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €318.0m to €301.0m. 2023 losses expected to reduce from -€0.13 to -€0.059 per share. Auto Components industry in Italy expected to see average net income growth of 21% next year. Consensus price target down from €0.61 to €0.56. Share price was steady at €0.42 over the past week. Reported Earnings • Nov 15
Third quarter 2023 earnings released: €0.03 loss per share (vs €0.007 loss in 3Q 2022) Third quarter 2023 results: €0.03 loss per share (further deteriorated from €0.007 loss in 3Q 2022). Revenue: €69.3m (down 3.6% from 3Q 2022). Net loss: €6.77m (loss widened 106% from 3Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €94.1m (US$99.6m) This is considered a minor 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • Sep 20
Consensus EPS estimates fall by 538% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €347.6m to €320.0m. Losses expected to increase from €0.02 per share to €0.13. Auto Components industry in Italy expected to see average net income growth of 12% next year. Consensus price target down from €0.68 to €0.61. Share price fell 4.3% to €0.49 over the past week. Reported Earnings • Sep 13
Second quarter 2023 earnings released: €0.049 loss per share (vs €0.033 loss in 2Q 2022) Second quarter 2023 results: €0.049 loss per share (further deteriorated from €0.033 loss in 2Q 2022). Revenue: €80.6m (up 4.0% from 2Q 2022). Net loss: €11.1m (loss widened 200% from 2Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 06
Price target decreased by 15% to €0.68 Down from €0.79, the current price target is an average from 3 analysts. New target price is 24% above last closing price of €0.54. Stock is down 26% over the past year. The company is forecast to post a net loss per share of €0.03 next year compared to a net loss per share of €0.063 last year. Reported Earnings • May 17
First quarter 2023 earnings released: €0.044 loss per share (vs €0.028 loss in 1Q 2022) First quarter 2023 results: €0.044 loss per share (further deteriorated from €0.028 loss in 1Q 2022). Revenue: €71.4m (up 6.7% from 1Q 2022). Net loss: €9.91m (loss widened 215% from 1Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Mar 22
Forecast breakeven date pushed back to 2024 The 2 analysts covering Landi Renzo previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 85% to 2023. The company is expected to make a profit of €6.76m in 2024. Average annual earnings growth of 135% is required to achieve expected profit on schedule. Reported Earnings • Mar 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: €0.064 loss per share (further deteriorated from €0.009 loss in FY 2021). Revenue: €307.5m (up 27% from FY 2021). Net loss: €14.3m (loss widened €13.3m from FY 2021). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 166%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Dec 02
Third quarter 2022 earnings released: €0.007 loss per share (vs €0.03 loss in 3Q 2021) Third quarter 2022 results: €0.007 loss per share (improved from €0.03 loss in 3Q 2021). Revenue: €72.5m (up 8.8% from 3Q 2021). Net loss: €3.28m (loss narrowed 4.0% from 3Q 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Pamela Morassi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buying Opportunity • Oct 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 42%. The fair value is estimated to be €0.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Sep 14
Second quarter 2022 earnings released: €0.033 loss per share (vs €0.051 profit in 2Q 2021) Second quarter 2022 results: €0.033 loss per share (down from €0.051 profit in 2Q 2021). Revenue: €78.0m (up 24% from 2Q 2021). Net loss: €3.68m (down 165% from profit in 2Q 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -€0.03 to -€0.01 per share. Revenue forecast unchanged from €288.1m at last update. Auto Components industry in Italy expected to see average net income decline 15% next year. Consensus price target of €0.77 unchanged from last update. Share price fell 4.6% to €0.60 over the past week. Reported Earnings • May 16
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: €0.028 loss per share (up from €0.037 loss in 1Q 2021). Revenue: €67.1m (up 102% from 1Q 2021). Net loss: €3.15m (loss narrowed 24% from 1Q 2021). Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 6.9%, compared to a 5.3% growth forecast for the industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -€0.03 to -€0.03 per share. Revenue forecast unchanged at €286.0m. Auto Components industry in Italy expected to see average net income growth of 38% next year. Consensus price target of €0.73 unchanged from last update. Share price was steady at €0.84 over the past week. Price Target Changed • Apr 27
Price target decreased to €0.73 Down from €0.95, the current price target is provided by 1 analyst. New target price is 14% below last closing price of €0.85. The company is forecast to post a net loss per share of €0.026 next year compared to a net loss per share of €0.0087 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive & Independent Director Dario Melpignano was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 20
Price target decreased to €0.73 Down from €1.00, the current price target is provided by 1 analyst. New target price is 12% below last closing price of €0.83. The company is forecast to post earnings per share of €0.06 next year compared to a net loss per share of €0.0087 last year. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: €0.009 loss per share (up from €0.068 loss in FY 2020). Revenue: €244.6m (up 72% from FY 2020). Net loss: €977.0k (loss narrowed 87% from FY 2020). Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 22%, compared to a 14% growth forecast for the industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Third quarter 2021 earnings released: €0.03 loss per share (vs €0.01 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €68.2m (up 74% from 3Q 2020). Net loss: €3.42m (loss widened 197% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 15
Second quarter 2021 earnings released: EPS €0.051 (vs €0.046 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €63.6m (up 180% from 2Q 2020). Net income: €5.70m (up €10.9m from 2Q 2020). Profit margin: 9.0% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Price Target Changed • May 29
Price target increased to €1.05 Up from €0.97, the current price target is provided by 1 analyst. New target price is 11% above last closing price of €0.95. Stock is up 49% over the past year. Reported Earnings • May 17
First quarter 2021 earnings released: €0.037 loss per share (vs €0.012 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €33.4m (down 10% from 1Q 2020). Net loss: €4.16m (loss widened 204% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • May 01
Full year 2020 earnings released: €0.068 loss per share (vs €0.054 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €142.5m (down 26% from FY 2019). Net loss: €7.66m (down 227% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 24
Price target increased to €0.97 Up from €0.76, the current price target is an average from 2 analysts. New target price is 9.3% below last closing price of €1.08. Stock is up 169% over the past year. Reported Earnings • Mar 18
Full year 2020 earnings released: €0.068 loss per share (vs €0.054 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €142.8m (down 26% from FY 2019). Net loss: €7.66m (down 227% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 16
New 90-day high: €1.10 The company is up 67% from its price of €0.66 on 18 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 Auto Components industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.93 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €0.92 The company is up 75% from its price of €0.53 on 09 October 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.93 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €0.85 The company is up 38% from its price of €0.62 on 10 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.71 per share. Reported Earnings • Nov 21
Third quarter 2020 earnings released: €0.01 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: €39.2m (up 8.6% from 3Q 2019). Net loss: €1.15m (down €1.40m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Nov 21
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 8.9%, compared to a 5.3% growth forecast for the Auto Components industry in Italy. Is New 90 Day High Low • Nov 19
New 90-day high: €0.66 The company is up 2.0% from its price of €0.65 on 20 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.24 per share. Reported Earnings • Nov 15
Third quarter 2020 earnings released: €0.01 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: €39.2m (up 9.3% from 3Q 2019). Net loss: €1.15m (down €1.40m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 13
New 90-day low: €0.51 The company is down 22% from its price of €0.65 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 Auto Components industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.71 per share.