New Risk • Jun 08
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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (0.08% net profit margin). Market cap is less than US$100m (€16.0m market cap, or US$18.4m). Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 14
Allcore S.p.A., Annual General Meeting, Apr 27, 2026 Allcore S.p.A., Annual General Meeting, Apr 27, 2026, at 10:00 W. Europe Standard Time. Announcement • Jul 02
Ad Maiora S.S. acquired 10% stake in Re Business - S.r.l. from Allcore S.p.A. (BIT:CORE) for €0.06 million. Ad Maiora S.S. acquired 10% stake in Re Business - S.r.l. from Allcore S.p.A. (BIT:CORE) for €0.06 million on July 1, 2025. A cash consideration of €0.06 million will be paid by Ad Maiora S.S. As part of consideration, €0.06 million is paid towards common equity of Re Business - S.r.l. Following the completion of the transaction, Allcore's stake in Re Business stands at 41.22% .
Ad Maiora S.S. completed the acquisition of 10% stake in Re Business - S.r.l. from Allcore S.p.A. (BIT:CORE) on July 1, 2025. Announcement • Mar 30
Allcore S.p.A. announces Annual dividend, payable on May 28, 2025 Allcore S.p.A. announced Annual dividend of EUR 0.0800 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Price Target Changed • Oct 22
Price target decreased by 15% to €2.96 Down from €3.49, the current price target is an average from 2 analysts. New target price is 78% above last closing price of €1.66. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.084 last year. Upcoming Dividend • Oct 21
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 28 October 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.3%). Reported Earnings • Oct 01
First half 2024 earnings released First half 2024 results: Revenue: €22.6m (up 16% from 1H 2023). Net income: €582.1k (down 33% from 1H 2023). Profit margin: 2.6% (down from 4.5% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Italy. New Risk • Aug 05
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: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€20.2m market cap, or US$22.2m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Professional Services industry in Italy. Total returns to shareholders of 14% over the past year. New Risk • Dec 07
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 5.9% 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 Risk High level of non-cash earnings (50% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (€29.4m market cap, or US$31.7m). Price Target Changed • Nov 07
Price target decreased by 15% to €3.24 Down from €3.83, the current price target is an average from 2 analysts. New target price is 64% above last closing price of €1.97. Stock is down 2.2% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.15 last year. Reported Earnings • Oct 08
First half 2023 earnings released First half 2023 results: Revenue: €19.6m (up 13% from 1H 2022). Net income: €874.0k (down 27% from 1H 2022). Profit margin: 4.5% (down from 6.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Italy. New Risk • Jun 29
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 5.2% 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 Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (400% cash payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (€34.8m market cap, or US$37.9m). Reported Earnings • Apr 15
Full year 2022 earnings released Full year 2022 results: Revenue: €35.8m (up 34% from FY 2021). Net income: €2.15m (up 73% from FY 2021). Profit margin: 6.0% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Italy. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Member of Statutory Auditor Claudio Signorelli was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 05
Full year 2021 earnings released Full year 2021 results: Revenue: €30.1m (up 56% from FY 2020). Net income: €2.05m (up 141% from FY 2020). Profit margin: 6.8% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (2 non-independent directors). Member of Statutory Auditor Claudio Signorelli was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.