New Risk • May 24
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 6.7% 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. This is currently the only risk that has been identified for the company. Price Target Changed • May 14
Price target increased by 28% to €62.58 Up from €48.96, the current price target is an average from 5 analysts. New target price is 7.7% below last closing price of €67.80. Stock is up 111% over the past year. The company is forecast to post earnings per share of €2.12 for next year compared to €1.72 last year. Reported Earnings • May 14
First quarter 2026 earnings released First quarter 2026 results: Revenue: €153.4m (up 13% from 1Q 2025). Net income: €11.0m (up 47% from 1Q 2025). Profit margin: 7.2% (up from 5.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in Europe. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €53.10, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.74 per share. Upcoming Dividend • Apr 27
Upcoming dividend of €0.47 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (2.2%). Price Target Changed • Apr 13
Price target increased by 8.1% to €48.96 Up from €45.30, the current price target is an average from 5 analysts. New target price is 6.3% above last closing price of €46.05. Stock is up 65% over the past year. The company is forecast to post earnings per share of €2.05 for next year compared to €1.72 last year. Buy Or Sell Opportunity • Mar 25
Now 21% overvalued Over the last 90 days, the stock has fallen 3.0% to €37.75. The fair value is estimated to be €31.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.6%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Mar 20
LU-VE S.p.A., Annual General Meeting, Apr 28, 2026 LU-VE S.p.A., Annual General Meeting, Apr 28, 2026, at 09:30 W. Europe Standard Time. Declared Dividend • Mar 19
Dividend increased to €0.47 Dividend of €0.47 is 12% higher than last year. Ex-date: 4th May 2026 Payment date: 6th May 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 8.9% 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 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 18
LU-VE S.p.A. announces Annual dividend, payable on May 06, 2026 LU-VE S.p.A. announced Annual dividend of EUR 0.4700 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. Reported Earnings • Mar 15
Full year 2025 earnings released Full year 2025 results: Revenue: €605.4m (up 2.9% from FY 2024). Net income: €38.1m (up 11% from FY 2024). Profit margin: 6.3% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Building industry in Europe. Price Target Changed • Dec 12
Price target increased by 9.9% to €44.68 Up from €40.63, the current price target is an average from 4 analysts. New target price is 14% above last closing price of €39.10. Stock is up 35% over the past year. The company is forecast to post earnings per share of €1.66 for next year compared to €1.55 last year. Reported Earnings • Nov 15
Third quarter 2025 earnings released Third quarter 2025 results: EPS: €0.49. Revenue: €146.5m (up 3.5% from 3Q 2024). Net income: €10.8m (up 71% from 3Q 2024). Profit margin: 7.4% (up from 4.5% in 3Q 2024). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Price Target Changed • Nov 06
Price target increased by 12% to €40.63 Up from €36.35, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €35.70. Stock is up 32% over the past year. The company is forecast to post earnings per share of €1.56 for next year compared to €1.55 last year. Reported Earnings • Sep 10
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €159.8m (up 4.0% from 2Q 2024). Net income: €8.82m (flat on 2Q 2024). Profit margin: 5.5% (down from 5.7% in 2Q 2024). 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 5.2% growth forecast for the Building industry in Europe. New Risk • May 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • May 15
First quarter 2025 earnings released First quarter 2025 results: EPS: €0.34. Revenue: €135.3m (down 4.4% from 1Q 2024). Net income: €7.46m (down 30% from 1Q 2024). Profit margin: 5.5% (down from 7.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Building industry in Europe. Upcoming Dividend • Apr 21
Upcoming dividend of €0.42 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Italian dividend payers (5.8%). Lower than average of industry peers (1.8%). Declared Dividend • Mar 19
Dividend increased to €0.42 Dividend of €0.42 is 5.0% higher than last year. Ex-date: 28th April 2025 Payment date: 30th April 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 19
LU-VE S.p.A., Annual General Meeting, Apr 18, 2025 LU-VE S.p.A., Annual General Meeting, Apr 18, 2025, at 09:30 W. Europe Standard Time. Announcement • Mar 18
LU-VE S.p.A. announces Annual dividend, payable on April 30, 2025 LU-VE S.p.A. announced Annual dividend of EUR 0.4200 per share payable on April 30, 2025, ex-date on April 28, 2025 and record date on April 29, 2025. Price Target Changed • Mar 17
Price target increased by 10% to €35.63 Up from €32.27, the current price target is an average from 3 analysts. New target price is 20% above last closing price of €29.70. Stock is up 43% over the past year. The company is forecast to post earnings per share of €1.70 for next year compared to €1.55 last year. Reported Earnings • Mar 14
Full year 2024 earnings released Full year 2024 results: Revenue: €589.1m (down 4.4% from FY 2023). Net income: €34.5m (up 16% from FY 2023). Profit margin: 5.9% (up from 4.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Building industry in Italy. Reported Earnings • Nov 14
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €143.1m (down 1.3% from 3Q 2023). Net income: €6.34m (down 18% from 3Q 2023). Profit margin: 4.4% (down from 5.3% in 3Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Building industry in Italy. Price Target Changed • Sep 11
Price target increased by 7.6% to €32.27 Up from €30.00, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €25.70. Stock is up 7.3% over the past year. The company is forecast to post earnings per share of €1.47 for next year compared to €1.34 last year. Reported Earnings • Sep 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €154.5m (down 8.5% from 2Q 2023). Net income: €8.74m (down 26% from 2Q 2023). Profit margin: 5.7% (down from 7.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Building industry in Italy. New Risk • May 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 7.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (4.8% net profit margin). Reported Earnings • May 14
First quarter 2024 earnings released First quarter 2024 results: Revenue: €141.9m (down 6.3% from 1Q 2023). Net income: €10.7m (up 69% from 1Q 2023). Profit margin: 7.5% (up from 4.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Building industry in Italy. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (1.6%). Announcement • Apr 28
LU-VE S.p.A., Annual General Meeting, Apr 29, 2024 LU-VE S.p.A., Annual General Meeting, Apr 29, 2024. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €23.95, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Building industry in Italy. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.85 per share. Buy Or Sell Opportunity • Mar 15
Now 21% overvalued Over the last 90 days, the stock has fallen 2.3% to €21.20. The fair value is estimated to be €17.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: €617.3m (flat on FY 2022). Net income: €29.7m (down 38% from FY 2022). Profit margin: 4.8% (down from 7.7% in FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Building industry in Italy. Buy Or Sell Opportunity • Feb 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.4% to €22.05. The fair value is estimated to be €18.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €23.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.18 per share. Price Target Changed • Nov 24
Price target decreased by 10% to €30.00 Down from €33.50, the current price target is an average from 3 analysts. New target price is 49% above last closing price of €20.10. Stock is down 16% over the past year. The company is forecast to post earnings per share of €1.44 for next year compared to €2.15 last year. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €144.1m (down 3.4% from 3Q 2022). Net income: €7.75m (down 35% from 3Q 2022). Profit margin: 5.4% (down from 8.0% in 3Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Building industry in Italy. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 11
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €168.9m (flat on 2Q 2022). Net income: €11.8m (up 1.6% from 2Q 2022). Profit margin: 7.0% (up from 6.9% in 2Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Building industry in Italy. Upcoming Dividend • May 01
Upcoming dividend of €0.38 per share at 1.3% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Italian dividend payers (5.1%). Lower than average of industry peers (2.3%). Reported Earnings • Mar 18
Full year 2022 earnings released Full year 2022 results: Revenue: €618.6m (up 26% from FY 2021). Net income: €47.7m (up 101% from FY 2021). Profit margin: 7.7% (up from 4.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Building industry in Italy. Price Target Changed • Mar 17
Price target increased by 8.1% to €35.50 Up from €32.83, the current price target is an average from 3 analysts. New target price is 22% above last closing price of €29.15. Stock is up 55% over the past year. The company is forecast to post earnings per share of €2.15 for next year compared to €1.07 last year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €31.75, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.77 per share. Buying Opportunity • Dec 06
Now 21% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be €31.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to decline by 28% in the next 2 years. Price Target Changed • Nov 23
Price target increased to €31.43 Up from €29.10, the current price target is an average from 3 analysts. New target price is 31% above last closing price of €23.95. Stock is up 9.4% over the past year. The company is forecast to post earnings per share of €2.16 for next year compared to €1.07 last year. Major Estimate Revision • Nov 21
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €592.3m to €605.6m. EPS estimate increased from €1.86 to €2.15 per share. Net income forecast to shrink 28% next year vs 6.0% growth forecast for Building industry in Italy . Consensus price target up from €29.10 to €30.97. Share price was steady at €23.80 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Raffaella Cagliano was the last independent 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. Buying Opportunity • Oct 07
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €25.33, 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. Earnings per share has grown by 34%. Revenue is forecast to grow by 8.6% in 2 years. Earnings is forecast to decline by 20% in the next 2 years. Buying Opportunity • Sep 21
Now 21% undervalued Over the last 90 days, the stock is up 9.8%. The fair value is estimated to be €27.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 9.4% in 2 years. Earnings is forecast to decline by 20% in the next 2 years. Reported Earnings • Sep 11
First half 2022 earnings released First half 2022 results: Revenue: €318.4m (up 40% from 1H 2021). Net income: €32.7m (up 252% from 1H 2021). Profit margin: 10% (up from 4.1% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Building industry in Italy. Major Estimate Revision • Sep 10
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €562.1m to €571.8m. EPS estimate increased from €1.54 to €1.71 per share. Net income forecast to grow 54% next year vs 11% growth forecast for Building industry in Italy. Consensus price target up from €25.70 to €27.87. Share price rose 4.3% to €23.20 over the past week. Price Target Changed • Sep 09
Price target increased to €27.87 Up from €25.63, the current price target is an average from 3 analysts. New target price is 20% above last closing price of €23.20. The company is forecast to post earnings per share of €1.54 for next year compared to €1.07 last year. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 15% share price gain to €24.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.87 per share. Major Estimate Revision • Jul 23
Consensus EPS estimates increase by 23% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €543.4m to €562.1m. EPS estimate increased from €1.26 to €1.54 per share. Net income forecast to grow 43% next year vs 16% growth forecast for Building industry in Italy. Consensus price target broadly unchanged at €25.70. Share price rose 3.7% to €20.95 over the past week. Upcoming Dividend • May 02
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (1.9%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Raffaella Cagliano was the last independent 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. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €16.80, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.71 per share. Reported Earnings • Sep 09
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €227.6m (up 17% from 1H 2020). Net income: €9.29m (up 67% from 1H 2020). Profit margin: 4.1% (up from 2.9% in 1H 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Apr 27
Upcoming dividend of €0.27 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (3.9%). Higher than average of industry peers (1.6%). Reported Earnings • Mar 19
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €401.5m (up 2.5% from FY 2019). Net income: €9.88m (down 44% from FY 2019). Profit margin: 2.5% (down from 4.5% in FY 2019). The decrease in margin was driven by higher expenses. Price Target Changed • Mar 18
Price target increased to €18.13 Up from €15.47, the current price target is an average from 3 analysts. New target price is 22% above last closing price of €14.90. Stock is up 70% over the past year. Is New 90 Day High Low • Feb 24
New 90-day high: €16.15 The company is up 12% from its price of €14.45 on 26 November 2020. The Italian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.23 per share. Is New 90 Day High Low • Feb 08
New 90-day high: €15.05 The company is up 9.0% from its price of €13.80 on 10 November 2020. The Italian market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Building industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.03 per share. Is New 90 Day High Low • Nov 09
New 90-day high: €13.20 The company is up 9.0% from its price of €12.15 on 11 August 2020. The Italian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building 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 €10.62 per share. Is New 90 Day High Low • Sep 23
New 90-day high: €12.55 The company is up 8.0% from its price of €11.65 on 25 June 2020. The Italian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.09 per share. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total profits of €17.9m, up 22% from the prior year. Total revenue was €399.7m over the last 12 months, up 17% from the prior year.