Upcoming Dividend • May 11
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (2.6%). Major Estimate Revision • Apr 24
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €60.0m to €50.0m. EPS estimate unchanged from €0.20 per share at last update. Entertainment industry in Italy expected to see average net income growth of 62% next year. Consensus price target of €1.80 unchanged from last update. Share price fell 2.7% to €1.08 over the past week. New Risk • Apr 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x 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 (2.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (€15.6m market cap, or US$18.4m). Reported Earnings • Apr 06
Full year 2025 earnings released Full year 2025 results: Revenue: €51.0m (up 40% from FY 2024). Net income: €2.26m (down 10% from FY 2024). Profit margin: 4.4% (down from 6.9% in FY 2024). The decrease in margin was driven by higher expenses. Declared Dividend • Apr 05
Dividend reduced to €0.03 Dividend of €0.03 is 25% lower than last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Apr 04
Lucisano Media Group S.p.A. announces Annual dividend, payable on May 20, 2026 Lucisano Media Group S.p.A. announced Annual dividend of EUR 0.0300 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. New Risk • Feb 26
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 6.1% 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 Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. High level of non-cash earnings (27% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (€19.9m market cap, or US$23.5m). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.20, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Entertainment industry in Europe. Total returns to shareholders of 3.9% over the past three years. Major Estimate Revision • Oct 21
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €63.0m to €51.1m. EPS estimate fell from €0.395 to €0.332 per share. Net income forecast to shrink 10% next year vs 23% growth forecast for Entertainment industry in Italy . Consensus price target down from €2.10 to €1.80. Share price fell 2.7% to €1.09 over the past week. New Risk • Oct 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.6% 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 Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. High level of non-cash earnings (27% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€16.5m market cap, or US$19.2m). Board Change • Jul 28
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. Independent Director Roberto Cappelli was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 09
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. Independent Director Roberto Cappelli was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 22% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%). Board Change • Apr 22
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. Independent Director Roberto Cappelli was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 11
Lucisano Media Group S.p.A., Annual General Meeting, May 05, 2025 Lucisano Media Group S.p.A., Annual General Meeting, May 05, 2025, at 10:30 W. Europe Standard Time. Reported Earnings • Apr 03
Full year 2024 earnings released Full year 2024 results: Revenue: €50.9m (up 18% from FY 2023). Net income: €2.52m (down 51% from FY 2023). Profit margin: 5.0% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 02
Lucisano Media Group S.p.A. announces Annual dividend, payable on May 21, 2025 Lucisano Media Group S.p.A. 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. Reported Earnings • Oct 06
First half 2024 earnings released First half 2024 results: Revenue: €19.2m (down 3.8% from 1H 2023). Net income: €984.0k (down 71% from 1H 2023). Profit margin: 5.1% (down from 17% in 1H 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Entertainment industry in Italy. New Risk • Oct 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x 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 (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (7.5% net profit margin). Market cap is less than US$100m (€12.5m market cap, or US$13.8m). 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 12% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (1.7%). Price Target Changed • Apr 23
Price target decreased by 9.5% to €1.90 Down from €2.10, the current price target is provided by 1 analyst. New target price is 56% above last closing price of €1.22. Stock is down 6.9% over the past year. The company is forecast to post earnings per share of €0.36 for next year compared to €0.34 last year. New Risk • Apr 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 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: Major Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risks High level of debt (68% net debt to equity). 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. Market cap is less than US$100m (€18.9m market cap, or US$20.0m). Major Estimate Revision • Oct 20
Consensus EPS estimates increase by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €50.2m to €52.0m. EPS estimate increased from €0.16 to €0.21 per share. Net income forecast to shrink 44% next year vs 94% growth forecast for Entertainment industry in Italy . Consensus price target up from €2.00 to €2.10. Share price was steady at €1.22 over the past week. New Risk • Oct 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 27% 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 Earnings are forecast to decline by an average of 27% per year for the foreseeable future. High level of non-cash earnings (28% accrual ratio). Minor Risks High level of debt (68% net debt to equity). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€20.1m market cap, or US$21.1m). Upcoming Dividend • May 08
Upcoming dividend of €0.04 per share at 3.1% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 3.1%. Lower than top quartile of Italian dividend payers (5.2%). Higher than average of industry peers (2.1%). 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. 7 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director Roberto Cappelli was the last independent director to join the board, commencing their role in 2014. 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 • Oct 03
First half 2022 earnings released: EPS: €0.01 (vs €0.009 in 1H 2021) First half 2022 results: EPS: €0.01 (up from €0.009 in 1H 2021). Revenue: €21.2m (up 119% from 1H 2021). Net income: €145.0k (up 13% from 1H 2021). Profit margin: 0.7% (down from 1.3% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Entertainment industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. 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. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Roberto Cappelli was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 15% share price gain to €1.60, the stock trades at a trailing P/E ratio of 13.4x. Average forward P/E is 25x in the Entertainment industry in Italy. Total returns to shareholders of 1.6% over the past three years. Reported Earnings • Oct 03
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: €13.0m (up 92% from 1H 2020). Net income: €75.0k (up €530.0k from 1H 2020). Profit margin: 0.6% (up from net loss in 1H 2020). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 18% share price gain to €1.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 25x in the Entertainment industry in Europe. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 18% share price gain to €1.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 25x in the Entertainment industry in Europe. Total loss to shareholders of 16% over the past three years. Is New 90 Day High Low • Jan 19
New 90-day high: €1.34 The company is up 22% from its price of €1.10 on 21 October 2020. The Italian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 6.0% over the same period. Reported Earnings • Oct 10
First half earnings released Over the last 12 months the company has reported total profits of €196.0k, down 94% from the prior year. Total revenue was €26.3m over the last 12 months, down 15% from the prior year. Is New 90 Day High Low • Oct 09
New 90-day high: €1.21 The company is up 5.0% from its price of €1.15 on 10 July 2020. The Italian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 12% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: €0.99 The company is down 16% from its price of €1.19 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 Entertainment industry, which is down 7.0% over the same period.