Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Non Executive Director Roberto Cappelli was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 21
OVS S.p.A., Annual General Meeting, May 29, 2026 OVS S.p.A., Annual General Meeting, May 29, 2026, at 11:00 W. Europe Standard Time. Location: via terraglio n 17, venezia mestre Italy Price Target Changed • Apr 21
Price target increased by 10% to €5.84 Up from €5.30, the current price target is an average from 5 analysts. New target price is 10% above last closing price of €5.31. Stock is up 76% over the past year. Declared Dividend • Apr 20
Dividend increased to €0.14 Dividend of €0.14 is 27% higher than last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
Full year 2026 earnings released Full year 2026 results: Revenue: €1.75b (up 2.4% from FY 2025). Net income: €49.2m (down 5.3% from FY 2025). Profit margin: 2.8% (down from 3.0% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Italy. New Risk • Apr 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 18
OVS S.p.A. announces Annual dividend, payable on June 24, 2026 OVS S.p.A. announced Annual dividend of EUR 0.1400 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026. Price Target Changed • Dec 23
Price target increased by 8.2% to €5.30 Up from €4.90, the current price target is an average from 4 analysts. New target price is 11% above last closing price of €4.78. Stock is up 41% over the past year. The company is forecast to post earnings per share of €0.34 for next year compared to €0.21 last year. Price Target Changed • Dec 19
Price target increased by 10% to €5.08 Up from €4.60, the current price target is an average from 4 analysts. New target price is 8.7% above last closing price of €4.67. Stock is up 36% over the past year. The company is forecast to post earnings per share of €0.34 for next year compared to €0.21 last year. New Risk • Sep 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 19
Full year 2025 earnings released Full year 2025 results: Revenue: €1.63b (up 1.1% from FY 2024). Net income: €52.1m (flat on FY 2024). Profit margin: 3.2% (in line with FY 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Italy. Price Target Changed • Jul 16
Price target increased by 8.5% to €4.60 Up from €4.24, the current price target is an average from 4 analysts. New target price is 24% above last closing price of €3.71. Stock is up 42% over the past year. Announcement • Jul 04
OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. OVS S.p.A. (BIT:OVS) entered into an agreement to acquire remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on June 17, 2025. Upon completion, OVS S.p.A. will own 100% stake in Goldenpoint S.p.a.
Luca Saraceni of Osborne Clarke italy acted as legal advisor for Gilfin S.R.L. Studio Legale Cappelli RCCD acted as legal advisor for OVS S.p.A.
OVS S.p.A. (BIT:OVS) completed the acquisition of remaining 97% stake in Goldenpoint S.p.a. from Gilfin S.R.L. on July 3, 2025. For accounting purposes, the acquisition is effective as of July 1, 2025. Price Target Changed • Jun 18
Price target increased by 9.3% to €4.48 Up from €4.10, the current price target is an average from 5 analysts. New target price is 26% above last closing price of €3.57. Stock is up 33% over the past year. Announcement • Jun 17
OVS S.p.A. (BIT:OVS) commences an Equity Buyback Plan for 16,249,886 shares, representing 6.59% of its issued share capital, under the authorization approved on May 30, 2025. OVS S.p.A. (BIT:OVS) commences a share repurchases on June 9, 2025, under the program mandated by the shareholders in the Ordinary Shareholders' Meeting held on May 30, 2025. As per the mandate, the company is authorized to repurchase up to 16,249,886 shares, representing 6.59% of its share capital. The shares will be repurchased such that the total number of ordinary shares in the portfolio as a result of the purchases does not exceed 10% of the company's share capital from time to time. The purchase price cannot be either more or less than 10% of the reference price recorded by OVS shares on the day before the one in which the purchase operation will be carried out. The purpose of buyback program is to carry out, directly or through intermediaries, any investment transactions, also to contain anomalous movements in share prices, to stabilize trading and price performance, and to support the share’s liquidity on the market, for subsequent use, to service remuneration and incentive plans based on financial instruments reserved for the directors and employees. The authorization is valid till November 30, 2026. As of April 15, 2025, the company held 255,032,123 issued shares, including 8,412,114 treasury shares.
On June 6, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase up to 6,000,000 shares for €20 million. Upcoming Dividend • Jun 16
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Italian dividend payers (5.5%). Higher than average of industry peers (2.1%). Declared Dividend • Apr 20
Dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 23rd June 2025 Payment date: 25th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 19
OVS S.p.A. announces Annual dividend, payable on June 25, 2025 OVS S.p.A. announced Annual dividend of EUR 0.1100 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025. Reported Earnings • Apr 16
Full year 2025 earnings released Full year 2025 results: Revenue: €1.63b (up 1.1% from FY 2024). Net income: €52.1m (flat on FY 2024). Profit margin: 3.2% (in line with FY 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Luxury industry in Italy. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.58, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Luxury industry in Italy. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.50 per share. Price Target Changed • Dec 13
Price target increased by 8.5% to €3.84 Up from €3.54, the current price target is an average from 5 analysts. New target price is 9.1% above last closing price of €3.52. Stock is up 56% over the past year. The company is forecast to post earnings per share of €0.26 for next year compared to €0.19 last year. Price Target Changed • Dec 12
Price target increased by 12% to €3.72 Up from €3.32, the current price target is an average from 5 analysts. New target price is 8.1% above last closing price of €3.44. Stock is up 60% over the past year. The company is forecast to post earnings per share of €0.26 for next year compared to €0.19 last year. Major Estimate Revision • Sep 26
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.269 to €0.224 per share. Revenue forecast steady at €1.61b. Net income forecast to grow 32% next year vs 30% growth forecast for Luxury industry in Italy. Consensus price target of €3.54 unchanged from last update. Share price rose 3.2% to €2.87 over the past week. Reported Earnings • Sep 25
First half 2025 earnings released First half 2025 results: Revenue: €762.1m (down 1.1% from 1H 2024). Net income: €21.7m (down 2.5% from 1H 2024). Profit margin: 2.8% (down from 2.9% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Italy. New Risk • Sep 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jul 17
OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa. OVS S.p.A. (BIT:OVS) signed a letter of intent to acquire an unknown minority stake in Goldenpoint Spa on February 6, 2024. OVS S.p.A. (BIT:OVS) entered into agreement to acquire an unknown minority stake in Goldenpoint Spa on April 2, 2024. Goldenpoint has a turnover of almost €100 million. The key terms of the letter of intent envisage a possible initial investment by OVS in Goldenpoint through the simultaneous acquisition of a minority stake and the subscription of a financial instrument that, in the medium term, could be converted at OVS’s discretion into a controlling stake. The remaining share capital may be subject to put&call options in favour of the parties, exercisable within time windows to be determined. The finalization of the agreement remains subject to the positive completion of the due diligence activities and the other typical conditions for this type of transaction. Roberto Cappelli, Raffaella Ceglia, Raffaela Tortora and Gabriele Montanaro of Studio Legale Cappelli RCCD acted as legal advisor to OVS S.p.A. on the transaction. Luca Saraceni, Cecilia Frangini and Alessandra Mioni acted as legal advisor to Goldenpoint Spa.
OVS S.p.A. (BIT:OVS) completed the acquisition of an unknown minority stake in Goldenpoint Spa on July 16, 2024. Upcoming Dividend • Jun 17
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (1.8%). Reported Earnings • Apr 18
Full year 2024 earnings released Full year 2024 results: Revenue: €1.54b (down 3.5% from FY 2023). Net income: €52.4m (up 34% from FY 2023). Profit margin: 3.4% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Luxury industry in Italy. Upcoming Dividend • Feb 12
Upcoming dividend of €0.03 per share at 2.7% yield Eligible shareholders must have bought the stock before 19 February 2024. Payment date: 21 February 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (5.6%). Higher than average of industry peers (1.7%). Announcement • Dec 25
OVS S.p.A., Annual General Meeting, Jan 24, 2024 OVS S.p.A., Annual General Meeting, Jan 24, 2024, at 14:30 Central European Standard Time. Price Target Changed • Dec 15
Price target increased by 8.0% to €3.16 Up from €2.93, the current price target is an average from 4 analysts. New target price is 40% above last closing price of €2.25. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of €0.19 for next year compared to €0.14 last year. Major Estimate Revision • Dec 08
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €1.58b to €1.53b. EPS estimate also fell from €0.225 per share to €0.19 per share. Net income forecast to grow 58% next year vs 19% growth forecast for Luxury industry in Italy. Consensus price target broadly unchanged at €2.88. Share price was steady at €2.08 over the past week. Price Target Changed • Nov 21
Price target decreased by 14% to €2.93 Down from €3.40, the current price target is an average from 4 analysts. New target price is 61% above last closing price of €1.82. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.14 last year. New Risk • Sep 25
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: 2.3% Last year net profit margin: 3.6% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Reported Earnings • Sep 23
First half 2024 earnings released First half 2024 results: Revenue: €734.9m (flat on 1H 2023). Net income: €33.7m (up 43% from 1H 2023). Profit margin: 4.6% (up from 3.2% in 1H 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Luxury industry in Italy. Major Estimate Revision • Jun 16
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.30 to €0.26. Revenue forecast unchanged from €1.59b at last update. Net income forecast to grow 82% next year vs 1.5% growth forecast for Luxury industry in Italy. Consensus price target of €3.40 unchanged from last update. Share price fell 7.2% to €2.47 over the past week. Upcoming Dividend • Jun 12
Upcoming dividend of €0.06 per share at 2.3% yield Eligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%). Price Target Changed • Apr 27
Price target increased by 11% to €3.48 Up from €3.13, the current price target is an average from 4 analysts. New target price is 28% above last closing price of €2.72. Stock is up 47% over the past year. Price Target Changed • Apr 23
Price target increased by 7.2% to €3.35 Up from €3.13, the current price target is an average from 4 analysts. New target price is 23% above last closing price of €2.73. Stock is up 44% over the past year. Reported Earnings • Apr 20
Full year 2023 earnings released Full year 2023 results: Revenue: €1.51b (up 6.7% from FY 2022). Net income: €39.6m (down 18% from FY 2022). Profit margin: 2.6% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Luxury industry in Italy. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Luxury industry in Italy. Total returns to shareholders of 58% over the past three years. Price Target Changed • Dec 20
Price target increased to €2.68 Up from €2.48, the current price target is an average from 4 analysts. New target price is 29% above last closing price of €2.08. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.19 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 22
First half 2023 earnings released: EPS: €0 (vs €0.074 in 1H 2022) First half 2023 results: EPS: €0. Revenue: €705.8m (up 14% from 1H 2022). Net income: €31.9m (up 88% from 1H 2022). Profit margin: 4.5% (up from 2.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Luxury industry in Italy. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 16% share price gain to €1.88, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 23x in the Luxury industry in Italy. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.61 per share. Price Target Changed • Jun 17
Price target decreased to €2.50 Down from €2.70, the current price target is an average from 4 analysts. New target price is 52% above last closing price of €1.64. Stock is down 15% over the past year. The company is forecast to post earnings per share of €0.19 for next year compared to €0.19 last year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.64, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Luxury industry in Italy. Total returns to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.44 per share. Upcoming Dividend • Jun 13
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 June 2022. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (4.9%). Higher than average of industry peers (1.6%). Price Target Changed • May 24
Price target decreased to €2.65 Down from €2.88, the current price target is provided by 1 analyst. New target price is 54% above last closing price of €1.72. Stock is up 0.9% over the past year. The company posted earnings per share of €0.19 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Massimiliano Magrini was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 23
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: €1.36b (up 29% from FY 2021). Net income: €48.6m (up 39% from FY 2021). Profit margin: 3.6% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 8.3%, compared to a 15% growth forecast for the industry in Italy. Price Target Changed • Apr 07
Price target decreased to €2.88 Down from €3.13, the current price target is an average from 4 analysts. New target price is 55% above last closing price of €1.86. Stock is up 40% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.15 last year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.86, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Luxury industry in Italy. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.63 per share. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 16% share price gain to €2.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Luxury industry in Italy. Total returns to shareholders of 132% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.57 per share. Price Target Changed • Nov 18
Price target increased to €2.53 Up from €2.28, the current price target is an average from 4 analysts. New target price is 9.1% below last closing price of €2.79. Stock is up 178% over the past year. The company is forecast to post earnings per share of €0.096 for next year compared to €0.15 last year. 
