Upcoming Dividend • May 11
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (5.3%). Announcement • Apr 06
Caltagirone Editore SpA, Annual General Meeting, Apr 21, 2026 Caltagirone Editore SpA, Annual General Meeting, Apr 21, 2026, at 12:00 W. Europe Standard Time. New Risk • Mar 31
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: 0.6% Last year net profit margin: 7.9% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: €0.006 (vs €0.077 in FY 2024) Full year 2025 results: EPS: €0.006 (down from €0.077 in FY 2024). Revenue: €109.4m (up 5.1% from FY 2024). Net income: €626.0k (down 92% from FY 2024). Profit margin: 0.6% (down from 7.9% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Declared Dividend • Mar 15
Dividend of €0.04 announced Dividend of €0.04 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 2.2%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.5% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 52% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 13
Caltagirone Editore SpA announces Annual dividend, payable on May 20, 2026 Caltagirone Editore SpA announced Annual dividend of EUR 0.0400 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. New Risk • Feb 16
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). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Recent Insider Transactions • Dec 02
Director recently bought €51k worth of stock On the 27th of November, Pierpaolo Mori bought around 29k shares on-market at roughly €1.74 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 03
First half 2025 earnings released: EPS: €0.13 (vs €0.082 in 1H 2024) First half 2025 results: EPS: €0.13 (up from €0.082 in 1H 2024). Revenue: €50.3m (down 2.0% from 1H 2024). Net income: €13.4m (up 54% from 1H 2024). Profit margin: 27% (up from 17% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Upcoming Dividend • May 12
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (5.7%). New Risk • Apr 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.9% net profit margin). New Risk • Apr 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 98% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: €0.077 (vs €0.15 in FY 2023) Full year 2024 results: EPS: €0.077 (down from €0.15 in FY 2023). Revenue: €112.0m (flat on FY 2023). Net income: €8.19m (down 50% from FY 2023). Profit margin: 7.3% (down from 15% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • Mar 16
Dividend of €0.04 announced Dividend of €0.04 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 2.4%, which is lower than the industry average of 6.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 10% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 56% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 14
Caltagirone Editore SpA announces Annual dividend, payable on May 21, 2025 Caltagirone Editore SpA announced Annual dividend of EUR 0.0400 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Buy Or Sell Opportunity • Feb 26
Now 25% undervalued Over the last 90 days, the stock has risen 23% to €1.69. The fair value is estimated to be €2.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jul 28
First half 2024 earnings released: EPS: €0.082 (vs €0.086 in 1H 2023) First half 2024 results: EPS: €0.082 (down from €0.086 in 1H 2023). Revenue: €50.5m (down 7.3% from 1H 2023). Net income: €8.73m (down 5.2% from 1H 2023). Profit margin: 17% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • May 13
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (6.1%). Board Change • May 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. 12 experienced directors. No highly experienced directors. Chairman of the Board of Statutory Auditors Antonio Staffa was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: €0.15 (vs €0.066 in FY 2022) Full year 2023 results: EPS: €0.15 (up from €0.066 in FY 2022). Revenue: €111.0m (down 2.3% from FY 2022). Net income: €16.2m (up 132% from FY 2022). Profit margin: 15% (up from 6.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 29
Caltagirone Editore SpA, Annual General Meeting, Apr 19, 2024 Caltagirone Editore SpA, Annual General Meeting, Apr 19, 2024. Agenda: To approve Full Year 2023 report. New Risk • Feb 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.1% net profit margin). Buying Opportunity • Aug 07
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €1.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: €0.086 (vs €0.076 in 1H 2022) First half 2023 results: EPS: €0.086 (up from €0.076 in 1H 2022). Revenue: €53.4m (down 1.3% from 1H 2022). Net income: €9.21m (up 13% from 1H 2022). Profit margin: 17% (up from 15% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 05
Now 21% undervalued Over the last 90 days, the stock is up 6.8%. The fair value is estimated to be €1.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • May 24
Now 21% undervalued Over the last 90 days, the stock is up 7.4%. The fair value is estimated to be €1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • May 15
Upcoming dividend of €0.03 per share at 3.0% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (6.8%). Board Change • Apr 13
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Federica Barbaro was the last independent 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 • Mar 27
Full year 2022 earnings released: EPS: €0.066 (vs €0.27 in FY 2021) Full year 2022 results: EPS: €0.066 (down from €0.27 in FY 2021). Revenue: €113.5m (down 6.2% from FY 2021). Net income: €7.00m (down 76% from FY 2021). Profit margin: 6.2% (down from 24% in FY 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Federica Barbaro was the last independent 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 • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €16.2m from profit in 1H 2021). Profit margin: (down from 30% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 16
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (6.1%). 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. 7 non-independent directors. Independent Director Massimo Confortini was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €0.27 (up from €0.41 loss in FY 2020). Revenue: €122.7m (up 3.2% from FY 2020). Net income: €28.7m (up €73.0m from FY 2020). Profit margin: 23% (up from net loss in FY 2020). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 2,247%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
First half 2021 earnings released: EPS €0.15 (vs €0.17 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €55.2m (up 1.6% from 1H 2020). Net income: €16.2m (up €34.4m from 1H 2020). Profit margin: 30% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 08
Full year 2020 earnings released: €0.41 loss per share (vs €0.29 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €118.9m (down 12% from FY 2019). Net loss: €44.3m (loss widened 45% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 13
Full year 2020 earnings released: €0.41 loss per share (vs €0.29 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €119.9m (down 11% from FY 2019). Net loss: €44.3m (loss widened 45% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 07
New 90-day high: €0.83 The company is up 4.0% from its price of €0.80 on 08 September 2020. The Italian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: €0.72 The company is down 10.0% from its price of €0.80 on 30 July 2020. The Italian market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 6.0% over the same period.