Announcement • Jul 15
Misitano & Stracuzzi S.p.A., Annual General Meeting, Jul 30, 2026 Misitano & Stracuzzi S.p.A., Annual General Meeting, Jul 30, 2026, at 12:00 W. Europe Standard Time. Reported Earnings • Jun 29
Full year 2025 earnings released Full year 2025 results: Revenue: €85.9m (up 18% from FY 2024). Net loss: €243.1k (down 103% from profit in FY 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Food industry in Italy. New Risk • Apr 08
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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings are forecast to decline by an average of 83% per year for the foreseeable future. High level of non-cash earnings (55% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (€9.08m market cap, or US$10.6m). Major Estimate Revision • Mar 19
Consensus EPS estimates fall by 55%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €80.7m to €83.0m. EPS estimate fell from €0.055 to €0.025 per share. Net income forecast to shrink 101% next year vs 1.7% decline forecast for Food industry in Italy. Consensus price target down from €3.08 to €1.53. Share price fell 71% to €0.30 over the past week. New Risk • Mar 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €6.17m (US$7.08m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings are forecast to decline by an average of 83% per year for the foreseeable future. High level of non-cash earnings (55% accrual ratio). Market cap is less than US$10m (€6.17m market cap, or US$7.08m). Minor Risk Profit margins are more than 30% lower than last year (7.1% net profit margin). New Risk • Mar 11
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (€38.7m market cap, or US$44.8m). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €1.44, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 10x in the Food industry in Italy. Total loss to shareholders of 52% over the past year. New Risk • Mar 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (55% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (€48.9m market cap, or US$56.8m). New Risk • Sep 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (€79.8m market cap, or US$93.7m). Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 70% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €85.1m to €81.1m. EPS estimate also fell from €0.23 per share to €0.07 per share. Net income forecast to shrink 78% next year vs 11% growth forecast for Food industry in Italy . Consensus price target down from €4.60 to €3.55. Share price fell 28% to €2.18 over the past week. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €2.31, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 13x in the Food industry in Italy. Total loss to shareholders of 10.0% over the past year. New Risk • Sep 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €82.2m (US$95.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (58% accrual ratio). Minor Risk Market cap is less than US$100m (€82.2m market cap, or US$95.7m). New Risk • Jul 03
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.0% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (58% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Apr 15
Misitano & Stracuzzi S.p.A., Annual General Meeting, Apr 29, 2025 Misitano & Stracuzzi S.p.A., Annual General Meeting, Apr 29, 2025, at 12:30 W. Europe Standard Time. Reported Earnings • Apr 14
Full year 2024 earnings released Full year 2024 results: Revenue: €73.2m (up 24% from FY 2023). Net income: €8.92m (up 26% from FY 2023). Profit margin: 12% (in line with FY 2023). New Risk • Apr 08
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: Major Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). High level of non-cash earnings (38% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (€74.3m market cap, or US$81.2m). New Risk • Apr 04
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 5.8% 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 Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). High level of non-cash earnings (38% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (€96.3m market cap, or US$106.1m). Buy Or Sell Opportunity • Apr 04
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to €2.50. The fair value is estimated to be €3.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Mar 30
Misitano & Stracuzzi S.p.A. announces Annual dividend, payable on July 09, 2025 Misitano & Stracuzzi S.p.A. announced Annual dividend of EUR 0.1131 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025. New Risk • Mar 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.9m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). High level of non-cash earnings (38% accrual ratio). Minor Risk Market cap is less than US$100m (€89.9m market cap, or US$97.9m). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.15, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 14x in the Chemicals industry in Italy. Reported Earnings • Sep 22
First half 2024 earnings released First half 2024 results: Net income: €5.11m (up €5.11m from 1H 2023). Board Change • Aug 26
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. 3 non-independent directors. Director Diego Stracuzzi was the last director to join the board, commencing their role in 2002. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.