Upcoming Dividend • Apr 27
Upcoming dividend of €1.10 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 06 May 2026. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (2.2%). Declared Dividend • Mar 11
Dividend increased to €1.10 Dividend of €1.10 is 22% higher than last year. Ex-date: 4th May 2026 Payment date: 6th May 2026 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (83% 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 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 10
Italmobiliare S.p.A. announces Annual dividend, payable on May 06, 2026 Italmobiliare S.p.A. announced Annual dividend of EUR 1.1000 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: €1.32 (vs €2.22 in FY 2024) Full year 2025 results: EPS: €1.32 (down from €2.22 in FY 2024). Revenue: €778.7m (up 9.9% from FY 2024). Net income: €55.7m (down 41% from FY 2024). Profit margin: 7.2% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Feb 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 27% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (4.5% net profit margin). Reported Earnings • Aug 03
First half 2025 earnings released: €0.25 loss per share (vs €1.18 profit in 1H 2024) First half 2025 results: €0.25 loss per share (down from €1.18 profit in 1H 2024). Revenue: €365.9m (up 6.8% from 1H 2024). Net loss: €10.7m (down 122% from profit in 1H 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Aug 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 114% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (4.5% net profit margin). Major Estimate Revision • Jul 09
Consensus EPS estimates increase by 111% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.812 to €1.72. Revenue forecast steady at €753.3m. Net income forecast to shrink 63% next year vs 13% growth forecast for Industrials industry in Italy . Consensus price target of €39.25 unchanged from last update. Share price rose 2.0% to €27.55 over the past week. Declared Dividend • Apr 21
Dividend of €0.90 announced Shareholders will receive a dividend of €0.90. Ex-date: 5th May 2025 Payment date: 7th May 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (41% 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 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Announcement • Apr 19
Italmobiliare S.p.A. announces Annual dividend, payable on May 07, 2025 Italmobiliare S.p.A. announced Annual dividend of EUR 0.9000 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. Recent Insider Transactions • Apr 17
CEO & Executive Director recently bought €221k worth of stock On the 10th of April, Carlo Pesenti bought around 10k shares on-market at roughly €22.11 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Carlo has been a buyer over the last 12 months, purchasing a net total of €436k worth in shares. New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% 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 Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 17
Italmobiliare S.p.A., Annual General Meeting, Apr 17, 2025 Italmobiliare S.p.A., Annual General Meeting, Apr 17, 2025, at 10:30 W. Europe Standard Time. New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.7% 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 Risk Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (149% cash payout ratio). New Risk • Feb 23
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (149% cash payout ratio). Buy Or Sell Opportunity • Jan 06
Now 20% overvalued Over the last 90 days, the stock has fallen 8.8% to €25.90. The fair value is estimated to be €21.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to decline by 15% in the next 2 years. Reported Earnings • Aug 04
First half 2024 earnings released: EPS: €1.18 (vs €0.017 loss in 1H 2023) First half 2024 results: EPS: €1.18 (up from €0.017 loss in 1H 2023). Revenue: €342.7m (up 19% from 1H 2023). Net income: €49.7m (up €50.4m from 1H 2023). Profit margin: 14% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Aug 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.1% 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 Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio). Board Change • Aug 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. 6 experienced directors. 5 highly experienced directors. Independent Director Pietro Ruffini was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • May 15
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.76 to €2.04. Revenue forecast unchanged at €643.0m. Net income forecast to grow 35% next year vs 27% growth forecast for Industrials industry in Italy. Consensus price target down from €41.00 to €39.75. Share price was steady at €30.90 over the past week. Reported Earnings • Mar 11
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: €1.58 (up from €0.50 in FY 2022). Revenue: €593.6m (up 21% from FY 2022). Net income: €66.6m (up 216% from FY 2022). Profit margin: 11% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Feb 20
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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 199% Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Announcement • Jan 24
Italmobiliare S.p.A., Annual General Meeting, Apr 23, 2024 Italmobiliare S.p.A., Annual General Meeting, Apr 23, 2024, at 15:00 Central European Standard Time. Major Estimate Revision • Oct 08
Consensus revenue estimates increase by 16%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €519.0m to €601.0m. EPS estimate fell from €1.60 to €1.30. Net income forecast to grow 370% next year vs 16% growth forecast for Industrials industry in Italy. Consensus price target up from €39.00 to €40.25. Share price fell 4.0% to €23.05 over the past week. Announcement • Aug 08
Permira Advisers Ltd. agreed to acquire an unknown majority stake in Florence Group S.P.A. from VAM Investments Group s.p.a., Fondo Italiano d'Investimento SGR S.p.A, Italmobiliare S.p.A. and Florence Group’s entrepreneurs. Permira Advisers Ltd. agreed to acquire an unknown majority stake in Florence Group S.P.A. from VAM Investments Group s.p.a., Fondo Italiano d'Investimento SGR S.p.A, Italmobiliare S.p.A. and Florence Group’s entrepreneurs May 22, 2023. The entrepreneurs, the management team and VAM Investments will reinvest a significant portion of their proceeds and will remain committed to the project. Fondo Italiano d’Investimento will also retain a minority stake. Attila Kiss will continue to lead Gruppo Florence as CEO and Francesco Trapani will retain his role as Chairman. The Group generated revenues of more than €600 million in 2022. The deal is subject to customary regulatory approvals and expected to close in the fourth quarter of 2023. As on August 7, 2023, The European Commission has approved the transaction.P. Morgan and EY acted as financial advisor and Legance and Latham & Watkins provided legal advice to Permira. BofA Securities, Citigroup and KPMG acted as financial advisor and DWF and Gianni & Origoni provided legal advice to sellers. Reported Earnings • Aug 02
First half 2023 earnings released: €0.017 loss per share (vs €0.13 profit in 1H 2022) First half 2023 results: €0.017 loss per share (down from €0.13 profit in 1H 2022). Revenue: €288.1m (up 12% from 1H 2022). Net loss: €715.0k (down 113% from profit in 1H 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 17
Consensus EPS estimates increase by 60% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €1.00 to €1.60. Revenue forecast unchanged at €519.0m. Net income forecast to grow 222% next year vs 9.5% growth forecast for Industrials industry in Italy. Consensus price target of €39.00 unchanged from last update. Share price was steady at €25.30 over the past week. Board Change • May 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. 5 experienced directors. 6 highly experienced directors. Independent Director Valentina Casella was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 10
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: €0.50 (down from €2.35 in FY 2021). Revenue: €489.1m (down 1.7% from FY 2021). Net income: €21.1m (down 79% from FY 2021). Profit margin: 4.3% (down from 20% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Announcement • Dec 13
Italmobiliare S.p.A. to Report Q2, 2023 Results on Jul 28, 2023 Italmobiliare S.p.A. announced that they will report Q2, 2023 results at 3:00 PM, Central European Standard Time on Jul 28, 2023 Reported Earnings • Jul 31
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €41.2m from profit in 1H 2021). Profit margin: (down from 18% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 9.7%, compared to a 6.5% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 02
Upcoming dividend of €1.40 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 30% and the cash payout ratio is 94%. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (2.7%). Major Estimate Revision • Apr 27
Consensus revenue estimates increase by 27% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €436.0m to €555.0m. EPS estimate increased from €1.44 to €1.49 per share. Net income forecast to shrink 37% next year vs 21% growth forecast for Industrials industry in Italy . Consensus price target up from €41.00 to €43.00. Share price rose 2.6% to €29.90 over the past week. Major Estimate Revision • Apr 23
Consensus revenue estimates increase by 27% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €436.0m to €555.0m. EPS estimate increased from €1.44 to €1.49 per share. Net income forecast to shrink 37% next year vs 21% growth forecast for Industrials industry in Italy . Consensus price target up from €41.00 to €43.00. Share price rose 4.3% to €30.20 over the past week. Reported Earnings • Mar 10
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €3.31 (up from €1.62 in FY 2020). Revenue: €497.7m (down 15% from FY 2020). Net income: €139.7m (up 105% from FY 2020). Profit margin: 28% (up from 12% in FY 2020). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 169%. Over the next year, revenue is expected to shrink by 5.6% compared to a 9.5% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
First half 2021 earnings released: EPS €0.97 (vs €0.25 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €232.5m (up 57% from 1H 2020). Net income: €41.2m (up €51.9m from 1H 2020). Profit margin: 18% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of €0.65 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (4.0%). In line with average of industry peers (2.1%). Reported Earnings • Apr 24
Full year 2020 earnings released: EPS €1.62 (vs €1.51 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €585.5m (up 1.4% from FY 2019). Net income: €68.3m (up 7.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 25
Consensus revenue estimates fall to €423.0m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from €583.0m to €423.0m. EPS estimate fell from €2.06 to €1.18 per share. Net income forecast to shrink 27% next year vs 22% growth forecast for Industrials industry in Italy . Consensus price target up from €34.80 to €39.00. Share price was steady at €28.90 over the past week. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS €1.62 (vs €1.51 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €590.8m (up 2.3% from FY 2019). Net income: €68.3m (up 7.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is expected to shrink by 1.3% compared to a 2.4% growth forecast for the Industrials industry in Italy. Is New 90 Day High Low • Feb 19
New 90-day low: €27.00 The company is down 3.0% from its price of €27.85 on 20 November 2020. The Italian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 12% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: €27.25 The company is down 2.0% from its price of €27.75 on 30 October 2020. The Italian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: €30.00 The company is up 4.0% from its price of €28.90 on 23 September 2020. The Italian market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Industrials industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 24
New 90-day low: €27.60 The company is down 13% from its price of €31.65 on 24 July 2020. The Italian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is down 2.0% over the same period.