Price Target Changed • Nov 18
Price target increased by 12% to €6.75 Up from €6.05, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €6.87. Stock is up 68% over the past year. The company is forecast to post a net loss per share of €0.27 next year compared to a net loss per share of €0.31 last year. New Risk • Nov 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €2.4m Forecast net loss in 2 years: €8.2k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€8.2k net loss in 2 years). Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Nov 15
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €25.1m (up 53% from 3Q 2024). Net loss: €21.3k (loss narrowed 100% from 3Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Sep 21
Consensus EPS estimates fall by 31%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €86.0m to €90.2m. Forecast EPS reduced from -€0.203 to -€0.267 per share. Software industry in Italy expected to see average net income growth of 34% next year. Consensus price target up from €5.80 to €6.05. Share price was steady at €5.11 over the past week. Price Target Changed • Sep 15
Price target increased by 9.0% to €6.05 Up from €5.55, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €5.42. Stock is up 2.7% over the past year. The company is forecast to post a net loss per share of €0.27 next year compared to a net loss per share of €0.31 last year. New Risk • Sep 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €6.5m Forecast net loss in 2 years: €815k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €24.3m (up 48% from 2Q 2024). Net loss: €3.55m (loss narrowed 13% from 2Q 2024). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 18
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.18 to -€0.203 per share. Revenue forecast unchanged at €86.0m. Software industry in Italy expected to see average net income growth of 39% next year. Consensus price target of €5.55 unchanged from last update. Share price rose 2.1% to €4.29 over the past week. Reported Earnings • Apr 22
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: €0.31 loss per share (improved from €0.46 loss in FY 2023). Revenue: €75.1m (up 11% from FY 2023). Net loss: €7.40m (loss narrowed 31% from FY 2023). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. New Risk • Apr 16
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 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€87.4m market cap, or US$99.6m). Reported Earnings • Mar 16
Full year 2024 earnings released Full year 2024 results: Revenue: €75.1m (up 10.0% from FY 2023). Net loss: €7.44m (loss narrowed 31% from FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to €3.93. The fair value is estimated to be €4.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. New Risk • Mar 03
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: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€130k net loss in 2 years). Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (€94.8m market cap, or US$99.5m). New Risk • Jan 28
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €17m Forecast net loss in 2 years: €130k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€130k net loss in 2 years). Market cap is less than US$100m (€94.6m market cap, or US$98.6m). Buy Or Sell Opportunity • Dec 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €4.39. The fair value is estimated to be €5.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 27% in a year. Earnings are forecast to grow by 99% in the next year. Reported Earnings • Nov 18
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €47.5m (up 312% from 3Q 2023). Net loss: €14.2m (loss widened 219% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Italy. New Risk • Nov 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €93.4m (US$99.6m) 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: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (€93.4m market cap, or US$99.6m). New Risk • Nov 06
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 5.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 15
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €16.5m (down 17% from 2Q 2023). Net loss: €3.26m (down 263% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 01
Now 8.2% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to €5.71. The fair value is estimated to be €5.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 21
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 5.5% to €5.97. The fair value is estimated to be €4.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 17
First quarter 2024 earnings released: €0.23 loss per share (vs €0.069 loss in 1Q 2023) First quarter 2024 results: €0.23 loss per share (further deteriorated from €0.069 loss in 1Q 2023). Revenue: €14.6m (down 13% from 1Q 2023). Net loss: €5.40m (loss widened 234% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • May 15
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 27% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Buy Or Sell Opportunity • Apr 26
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to €6.11. The fair value is estimated to be €5.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 21
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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 16
Full year 2023 earnings released Full year 2023 results: Revenue: €68.3m (up 21% from FY 2022). Net loss: €10.7m (down €12.9m from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 16
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €80.0m to €65.0m. Forecast losses increased from -€0.108 to -€0.323 per share. Software industry in Italy expected to see average net income growth of 49% next year. Consensus price target of €9.75 unchanged from last update. Share price rose 2.4% to €6.50 over the past week. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €6.31, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 16x in the Software industry in Italy. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.99 per share. Price Target Changed • Feb 07
Price target decreased by 14% to €9.75 Down from €11.40, the current price target is an average from 2 analysts. New target price is 53% above last closing price of €6.36. Stock is down 39% over the past year. The company is forecast to post a net loss per share of €0.11 compared to earnings per share of €0.10 last year. Major Estimate Revision • Feb 06
Consensus EPS estimates fall from profit to €0.11 loss The consensus outlook for fiscal year 2023 has been updated. Forecast loss of -€0.106 per share in 2023, versus previous forecasts of €0.147 per share. Revenue forecast unchanged from €80.0m at last update. Software industry in Italy expected to see average net income growth of 61% next year. Consensus price target down from €11.40 to €10.65. Share price fell 6.3% to €6.79 over the past week. Price Target Changed • Feb 05
Price target decreased by 9.7% to €10.65 Down from €11.80, the current price target is an average from 2 analysts. New target price is 57% above last closing price of €6.79. Stock is down 32% over the past year. The company is forecast to post a net loss per share of €0.11 compared to earnings per share of €0.10 last year. Major Estimate Revision • Nov 24
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €82.5m to €80.0m. EPS estimate also fell from €0.207 per share to €0.184 per share. Net income forecast to grow 86% next year vs 52% growth forecast for Software industry in Italy. Consensus price target down from €11.80 to €11.40. Share price was steady at €7.84 over the past week. Reported Earnings • Nov 17
Third quarter 2023 earnings released: €0.15 loss per share (vs €0.13 profit in 3Q 2022) Third quarter 2023 results: €0.15 loss per share (down from €0.13 profit in 3Q 2022). Revenue: €11.5m (down 43% from 3Q 2022). Net loss: €4.44m (down 250% from profit in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Italy. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.40, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Software industry in Italy. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.78 per share. New Risk • Oct 31
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 5.2% 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: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Buying Opportunity • Oct 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €8.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 207% in the next 2 years. Major Estimate Revision • Sep 20
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.304 to €0.234 per share. Revenue forecast steady at €82.5m. Net income forecast to grow 168% next year vs 81% growth forecast for Software industry in Italy. Consensus price target broadly unchanged at €12.15. Share price fell 3.8% to €8.18 over the past week. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 48% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €84.0m to €82.6m. EPS estimate also fell from €0.616 per share to €0.32 per share. Net income forecast to grow 593% next year vs 34% growth forecast for Software industry in Italy. Consensus price target broadly unchanged at €12.85. Share price fell 4.4% to €9.66 over the past week. Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from €61.5m to €59.5m. EPS estimate also fell from €0.369 per share to €0.313 per share. Net income forecast to grow 1,090% next year vs 43% growth forecast for Software industry in Italy. Consensus price target down from €13.60 to €13.00. Share price fell 4.4% to €9.92 over the past week. Price Target Changed • Jan 29
Price target decreased by 7.8% to €13.60 Down from €14.75, the current price target is an average from 2 analysts. New target price is 47% above last closing price of €9.27. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.35 last year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Vincenzo Pompa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Price Target Changed • Sep 26
Price target decreased to €14.00 Down from €15.75, the current price target is an average from 2 analysts. New target price is 59% above last closing price of €8.81. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.51 for next year compared to €0.35 last year. Reported Earnings • Sep 24
First half 2022 earnings released: EPS: €0 (vs €0.02 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.02 in 1H 2021). Revenue: €16.7m (up 170% from 1H 2021). Net loss: €3.60m (down €3.90m from profit in 1H 2021). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Italy. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Vincenzo Pompa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Major Estimate Revision • Mar 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €29.0m to €27.0m. EPS estimate rose from €0.42 to €0.55. Net income forecast to grow 15% next year vs 49% growth forecast for Software industry in Italy. Consensus price target up from €14.90 to €15.75. Share price rose 3.2% to €10.96 over the past week. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 18% share price gain to €11.84, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 25x in the Software industry in Italy. Total returns to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €11.11 per share. Reported Earnings • Sep 25
First half 2021 earnings released The company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €6.98m (up 35% from 1H 2020). Net income: €296.6k (down 79% from 1H 2020). Profit margin: 4.2% (down from 28% in 1H 2020). The decrease in margin was driven by higher expenses. Price Target Changed • Sep 06
Price target increased to €12.15 Up from €10.50, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of €13.04. Stock is up 192% over the past year. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 16% share price gain to €11.42, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 31x in the Software industry in Italy. Total returns to shareholders of 138% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €12.93 per share. Is New 90 Day High Low • Dec 17
New 90-day high: €7.95 The company is up 81% from its price of €4.40 on 18 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: €5.20 The company is up 15% from its price of €4.52 on 03 September 2020. The Italian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 21
New 90-day low: €4.18 The company is down 6.0% from its price of €4.47 on 23 July 2020. The Italian market is also down 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Software industry, which is up 1.0% over the same period. Announcement • Aug 15
Cy4gate S.p.A. announced that it has received funding from First Capital S.p.A. Cy4gate S.p.A. (BIT:CY4) announced that it has received a round of funding from new investor First Capital S.p.A. (BIT:FIC) on July 2, 2020.