Reported Earnings • Apr 01
Full year 2025 earnings released Full year 2025 results: Revenue: €36.9m (up 3.2% from FY 2024). Net income: €2.09m (up 68% from FY 2024). Profit margin: 5.7% (up from 3.5% in FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Buy Or Sell Opportunity • Oct 23
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to €2.61. The fair value is estimated to be €2.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Reported Earnings • Sep 30
First half 2025 earnings released First half 2025 results: Revenue: €14.3m (down 6.4% from 1H 2024). Net loss: €996.0k (down 489% from profit in 1H 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Semiconductor industry in Europe. New Risk • Jun 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.1% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€28.2m market cap, or US$32.2m). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €2.02, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 13% over the past three years. Buy Or Sell Opportunity • May 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to €1.54. The fair value is estimated to be €1.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Major Estimate Revision • May 14
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.10 to €0.09 per share. Revenue forecast steady at €41.0m. Net income forecast to grow 29% next year vs 12% growth forecast for Semiconductor industry in Italy. Consensus price target up from €3.12 to €3.19. Share price rose 6.4% to €1.67 over the past week. New Risk • Apr 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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. Market cap is less than US$100m (€27.1m market cap, or US$31.2m). Announcement • Apr 16
ELES Semiconductor Equipment S.p.A., Annual General Meeting, Apr 30, 2025 ELES Semiconductor Equipment S.p.A., Annual General Meeting, Apr 30, 2025, at 10:00 W. Europe Standard Time. Location: todi z i bodoglie 148 1 z, pg Italy Reported Earnings • Apr 02
Full year 2024 earnings released Full year 2024 results: Revenue: €36.5m (up 12% from FY 2023). Net income: €1.24m (up 56% from FY 2023). Profit margin: 3.4% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.76, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 28% over the past three years. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €39.4m to €36.0m. EPS estimate also fell from €0.08 per share to €0.06 per share. Net income forecast to grow 69% next year vs 1.8% growth forecast for Semiconductor industry in Italy. Consensus price target down from €3.47 to €3.12. Share price rose 2.4% to €1.51 over the past week. Price Target Changed • Oct 17
Price target decreased by 9.3% to €3.12 Down from €3.44, the current price target is provided by 1 analyst. New target price is 107% above last closing price of €1.51. Stock is up 18% over the past year. The company is forecast to post earnings per share of €0.06 for next year compared to €0.05 last year. Reported Earnings • Oct 02
First half 2024 earnings released First half 2024 results: Revenue: €15.5m (up 6.4% from 1H 2023). Net income: €256.0k (up 13% from 1H 2023). Profit margin: 1.7% (up from 1.6% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Europe. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.13 to €0.08. Revenue forecast unchanged from €39.4m at last update. Net income forecast to grow 75% next year vs 0.09% growth forecast for Semiconductor industry in Italy. Consensus price target broadly unchanged at €3.47. Share price fell 6.2% to €2.11 over the past week. Announcement • May 31
ELES Semiconductor Equipment S.p.A., Annual General Meeting, Jun 13, 2024 ELES Semiconductor Equipment S.p.A., Annual General Meeting, Jun 13, 2024, at 10:00 W. Europe Standard Time. Reported Earnings • May 13
Full year 2023 earnings released Full year 2023 results: Revenue: €33.7m (up 29% from FY 2022). Net income: €799.0k (up 22% from FY 2022). Profit margin: 2.4% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.35, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Semiconductor industry in Europe. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.05, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Semiconductor industry in Europe. Total loss to shareholders of 51% over the past three years. 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 Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€32.1m market cap, or US$34.1m). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €1.76, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Semiconductor industry in Europe. Total loss to shareholders of 55% over the past three years. New Risk • Mar 07
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 5.5% 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 Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€25.9m market cap, or US$28.2m). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.57, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 62% over the past three years. Major Estimate Revision • Oct 10
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.08 to €0.07. Revenue forecast unchanged from €33.6m at last update. Net income forecast to grow 128% next year vs 8.6% growth forecast for Semiconductor industry in Italy. Consensus price target of €3.44 unchanged from last update. Share price rose 6.8% to €1.42 over the past week. New Risk • Jul 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€32.6m market cap, or US$36.0m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.84, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total loss to shareholders of 35% over the past three years. New Risk • Jun 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 4.9% 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 Risk Debt is not well covered by operating cash flow (1.3% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (€21.6m market cap, or US$23.5m). Price Target Changed • Jun 21
Price target increased by 19% to €3.44 Up from €2.88, the current price target is an average from 2 analysts. New target price is 121% above last closing price of €1.56. Stock is down 29% over the past year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.76, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Semiconductor industry in Europe. Total loss to shareholders of 46% over the past three years. Major Estimate Revision • Jun 01
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.09 to €0.08. Revenue forecast unchanged from €33.6m at last update. Net income forecast to grow 114% next year vs 9.8% growth forecast for Semiconductor industry in Italy. Consensus price target up from €2.88 to €3.07. Share price rose 11% to €1.69 over the past week. Buying Opportunity • Feb 28
Now 20% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be €2.30, 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. Earnings per share has declined by 22%. Revenue is forecast to grow by 87% in 2 years. Earnings is forecast to grow by 826% in the next 2 years. Buying Opportunity • Feb 08
Now 21% undervalued Over the last 90 days, the stock is up 6.8%. The fair value is estimated to be €2.38, 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. Earnings per share has declined by 22%. Revenue is forecast to grow by 87% in 2 years. Earnings is forecast to grow by 826% in the next 2 years. Announcement • Feb 04
ELES Semiconductor Equipment S.p.A. announced that it expects to receive €6.46 million in funding ELES Semiconductor Equipment S.p.A. announced a private placement of 3,800,000 new shares, at a unit price of €1.70 per share for gross proceeds of €6,460,000? on February 3, 2023. The issue price was determined by applying a discount of approximately 3% to the average share price of the company over the past six months, a premium of approximately 2% to the average share price over the past three months, and substantially in line with the company's average share price over the past month 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. 6 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €21.5m to €23.3m. EPS estimate fell from €0.05 to €0.02 per share. Net income forecast to grow 305% next year vs 23% growth forecast for Semiconductor industry in Italy. Consensus price target of €4.14 unchanged from last update. Share price rose 9.4% to €1.57 over the past week. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0 (vs €0.066 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.066 in 1H 2021). Revenue: €10.3m (up 7.1% from 1H 2021). Net income: €118.0k (down 84% from 1H 2021). Profit margin: 1.1% (down from 7.8% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Major Estimate Revision • Jul 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €26.7m to €21.5m. EPS estimate reaffirmed at €0.13. Net income forecast to grow 134% next year vs 18% growth forecast for Semiconductor industry in Italy. Consensus price target down from €4.98 to €4.14. Share price fell 5.5% to €2.07 over the past week. Price Target Changed • Jun 29
Price target decreased to €4.60 Down from €5.33, the current price target is an average from 2 analysts. New target price is 115% above last closing price of €2.14. Stock is down 50% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.068 last year. Board Change • Apr 27
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. 8 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €0.068 (down from €0.15 in FY 2020). Revenue: €19.0m (up 5.1% from FY 2020). Net income: €854.0k (down 49% from FY 2020). Profit margin: 4.5% (down from 9.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 40%, compared to a 21% growth forecast for the industry in Italy. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 20% share price gain to €2.83, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Semiconductor industry in Europe. Total loss to shareholders of 27% over the past year. Major Estimate Revision • Dec 08
Consensus revenue estimates fall to €21.2m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from €23.8m to €21.2m. EPS estimate fell from €0.11 to €0.092 per share. Net income forecast to shrink 10% next year vs 20% growth forecast for Semiconductor industry in Italy . Consensus price target down from €5.33 to €4.98. Share price fell 3.3% to €3.53 over the past week. Price Target Changed • Dec 08
Price target decreased to €4.98 Down from €5.48, the current price target is an average from 2 analysts. New target price is 41% above last closing price of €3.52. Stock is up 17% over the past year. The company is forecast to post earnings per share of €0.092 for next year compared to €0.15 last year. 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: €9.66m (up 17% from 1H 2020). Net income: €751.0k (up 73% from 1H 2020). Profit margin: 7.8% (up from 5.2% in 1H 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS €0.15 (vs €0.087 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €19.0m (up 4.4% from FY 2019). Net income: €1.69m (up 101% from FY 2019). Profit margin: 8.9% (up from 4.6% in FY 2019). Reported Earnings • Apr 05
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €19.1m (up 4.8% from FY 2019). Net income: €1.69m (up 101% from FY 2019). Profit margin: 8.8% (up from 4.6% in FY 2019). Is New 90 Day High Low • Feb 10
New 90-day high: €4.12 The company is up 47% from its price of €2.81 on 11 November 2020. The Italian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.98 per share. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 20% share price gain to €4.05, the stock is trading at a trailing P/E ratio of 51.8x, up from the previous P/E ratio of 43.3x. This compares to an average P/E of 60x in the Semiconductor industry in Europe. Total return to shareholders over the past year is a loss of 18%. Is New 90 Day High Low • Jan 07
New 90-day high: €3.63 The company is up 36% from its price of €2.66 on 09 October 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.69 per share. Is New 90 Day High Low • Nov 17
New 90-day high: €3.04 The company is up 4.0% from its price of €2.92 on 19 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.96 per share. Is New 90 Day High Low • Oct 22
New 90-day low: €2.54 The company is down 16% from its price of €3.03 on 24 July 2020. The Italian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.99 per share. Is New 90 Day High Low • Sep 18
New 90-day low: €2.77 The company is down 10.0% from its price of €3.07 on 19 June 2020. The Italian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.97 per share.