Valuation Update With 7 Day Price Move • 11h
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €51.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Luxury industry in Italy. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.05 per share. Buy Or Sell Opportunity • Jun 05
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €46.80. The fair value is estimated to be €36.91, 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, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Price Target Changed • May 11
Price target increased by 9.5% to €51.33 Up from €46.87, the current price target is an average from 3 analysts. New target price is 30% above last closing price of €39.40. Stock is up 27% over the past year. The company is forecast to post earnings per share of €2.79 for next year compared to €2.10 last year. 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 a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (4.6%). In line with average of industry peers (2.3%). Buy Or Sell Opportunity • Apr 15
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to €37.00. The fair value is estimated to be €30.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 104%. New Risk • Apr 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 12
Full year 2025 earnings released Full year 2025 results: Revenue: €94.5m (up 27% from FY 2024). Net income: €11.4m (up 36% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy. Announcement • Apr 09
Fope S.p.A., Annual General Meeting, Apr 23, 2026 Fope S.p.A., Annual General Meeting, Apr 23, 2026, at 10:30 W. Europe Standard Time. Declared Dividend • Mar 26
Dividend increased to €1.10 Dividend of €1.10 is 29% higher than last year. Ex-date: 4th May 2026 Payment date: 6th May 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 25
Fope S.p.A. announces Annual dividend, payable on May 06, 2026 Fope 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. Board Change • Feb 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Alberto Camerlengo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Feb 03
Price target increased by 17% to €46.87 Up from €40.10, the current price target is an average from 2 analysts. New target price is 14% above last closing price of €41.20. Stock is up 63% over the past year. The company is forecast to post earnings per share of €1.96 for next year compared to €1.55 last year. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €39.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Luxury industry in Italy. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.48 per share. Upcoming Dividend • Apr 28
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (2.1%). Buy Or Sell Opportunity • Apr 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €29.60. The fair value is estimated to be €24.53, 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 12% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Apr 14
Full year 2024 earnings released Full year 2024 results: Revenue: €74.3m (up 10.0% from FY 2023). Net income: €8.35m (down 17% from FY 2023). Profit margin: 11% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Luxury industry in Italy. Announcement • Apr 10
Fope S.p.A., Annual General Meeting, Apr 24, 2025 Fope S.p.A., Annual General Meeting, Apr 24, 2025, at 10:30 W. Europe Standard Time. Price Target Changed • Mar 28
Price target increased by 8.4% to €39.40 Up from €36.33, the current price target is an average from 3 analysts. New target price is 27% above last closing price of €31.00. Stock is up 15% over the past year. The company is forecast to post earnings per share of €1.60 for next year compared to €1.86 last year. Declared Dividend • Mar 27
Dividend of €0.85 announced Dividend of €0.85 is the same as last year. Ex-date: 5th May 2025 Payment date: 7th May 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 32% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 26
Fope S.p.A. announces Annual dividend, payable on May 07, 2025 Fope S.p.A. announced Annual dividend of EUR 0.8500 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €32.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Luxury industry in Italy. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.95 per share. Buy Or Sell Opportunity • Dec 18
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to €22.80. The fair value is estimated to be €18.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Buy Or Sell Opportunity • Dec 03
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to €22.80. The fair value is estimated to be €18.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Buy Or Sell Opportunity • Nov 07
Now 23% overvalued Over the last 90 days, the stock has fallen 13% to €23.60. The fair value is estimated to be €19.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Major Estimate Revision • Oct 04
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €72.5m to €71.6m. EPS estimate also fell from €2.04 per share to €1.67 per share. Net income forecast to grow 78% next year vs 39% growth forecast for Luxury industry in Italy. Consensus price target down from €38.25 to €36.75. Share price fell 3.0% to €25.80 over the past week. Reported Earnings • Oct 02
First half 2024 earnings released: EPS: €0.29 (vs €1.03 in 1H 2023) First half 2024 results: EPS: €0.29 (down from €1.03 in 1H 2023). Revenue: €29.9m (down 15% from 1H 2023). Net income: €1.58m (down 72% from 1H 2023). Profit margin: 5.3% (down from 16% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Italy. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 22
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Italian dividend payers (5.9%). Higher than average of industry peers (1.6%). Reported Earnings • Apr 10
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: €67.6m (up 7.8% from FY 2022). Net income: €10.0m (down 6.6% from FY 2022). Profit margin: 15% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Italy. Price Target Changed • May 03
Price target increased by 12% to €38.00 Up from €33.90, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €33.20. Stock is up 110% over the past year. Upcoming Dividend • May 01
Upcoming dividend of €0.80 per share at 2.4% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (1.6%). Price Target Changed • Nov 16
Price target increased to €30.29 Up from €26.79, the current price target is an average from 3 analysts. New target price is 5.9% above last closing price of €28.60. Stock is up 153% over the past year. The company is forecast to post earnings per share of €1.51 for next year compared to €0.92 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Chairman of the Board of Statutory Auditors Marina Barbieri was the last director to join the board, commencing their role in 2021. 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 • Nov 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €31.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Luxury industry in Italy. Total returns to shareholders of 289% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.91 per share. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 24% share price gain to €33.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Luxury industry in Italy. Total returns to shareholders of 394% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.95 per share. Reported Earnings • Oct 02
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €27.9m (up 88% from 1H 2021). Net income: €4.66m (up 356% from 1H 2021). Profit margin: 17% (up from 6.9% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Italy. Major Estimate Revision • Sep 23
Consensus revenue estimates increase by 13% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €44.8m to €50.7m. EPS estimate increased from €1.06 to €1.22 per share. Net income forecast to grow 32% next year vs 10% growth forecast for Luxury industry in Italy. Consensus price target up from €20.00 to €25.50. Share price was steady at €25.20 over the past week. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 22% share price gain to €23.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Luxury industry in Italy. Total returns to shareholders of 246% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.14 per share. Upcoming Dividend • Apr 27
Upcoming dividend of €0.45 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 04 May 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (1.4%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Chairman of the Board of Statutory Auditors Marina Barbieri was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 18
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €0.93 (up from €0.31 in FY 2020). Revenue: €40.7m (up 54% from FY 2020). Net income: €4.99m (up 200% from FY 2020). Profit margin: 12% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 10%, compared to a 15% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Price Target Changed • Mar 28
Price target increased to €19.37 Up from €16.97, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €15.20. Stock is up 73% over the past year. The company is forecast to post earnings per share of €0.74 for next year compared to €0.31 last year. Price Target Changed • Jan 20
Price target increased to €16.97 Up from €15.18, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €15.10. Stock is up 95% over the past year. The company is forecast to post earnings per share of €0.48 for next year compared to €0.31 last year. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 18% share price gain to €14.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Luxury industry in Italy. Total returns to shareholders of 159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.44 per share. Reported Earnings • Sep 26
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: €14.8m (up 43% from 1H 2020). Net income: €1.02m (up €1.09m from 1H 2020). Profit margin: 6.9% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 21% share price gain to €11.60, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 27x in the Luxury industry in Europe. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.06 per share. Upcoming Dividend • Apr 26
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 1.7%. Lower than top quartile of Italian dividend payers (4.0%). Higher than average of industry peers (1.0%). Price Target Changed • Apr 20
Price target increased to €11.91 Up from €10.69, the current price target is provided by 1 analyst. New target price is 36% above last closing price of €8.75. Stock is up 11% over the past year. Reported Earnings • Mar 25
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €26.5m (down 26% from FY 2019). Net income: €1.66m (down 66% from FY 2019). Profit margin: 6.3% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Major Estimate Revision • Mar 17
Consensus EPS estimates increase to €0.15 The consensus outlook for earnings per share (EPS) in 2020 has improved. 2020 revenue forecast increased from €23.6m to €24.4m. EPS estimate increased from €0.025 to €0.15 per share. Net income forecast to shrink 45% next year vs 40% growth forecast for Luxury industry in Italy . Consensus price target broadly unchanged at €10.71. Share price was steady at €8.50 over the past week. Upcoming Dividend • Dec 22
Upcoming Dividend of €0.45 Per Share Will be paid on the 30th of December to those who are registered shareholders by the 28th of December. The company last paid an ordinary dividend in April 2019. The average dividend yield among industry peers is 1.1%. Is New 90 Day High Low • Dec 09
New 90-day high: €8.65 The company is up 24% from its price of €7.00 on 10 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.68 per share. Is New 90 Day High Low • Nov 24
New 90-day high: €7.35 The company is up 1.0% from its price of €7.30 on 25 August 2020. The Italian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.70 per share. Is New 90 Day High Low • Oct 19
New 90-day low: €6.55 The company is down 7.0% from its price of €7.05 on 21 July 2020. The Italian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.78 per share. Is New 90 Day High Low • Sep 22
New 90-day low: €6.80 The company is down 8.0% from its price of €7.40 on 24 June 2020. The Italian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. Reported Earnings • Sep 21
First half earnings released Over the last 12 months the company has reported total profits of €2.89m, down 13% from the prior year. Total revenue was €30.3m over the last 12 months, down 6.1% from the prior year.