Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €1.74, the stock trades at a trailing P/E ratio of 14.7x. Average forward P/E is 14x in the IT industry in Italy. Total returns to shareholders of 11% over the past three years. New Risk • Apr 08
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Dividend is not well covered by cash flows (119% cash payout ratio). Market cap is less than US$100m (€19.2m market cap, or US$22.4m). Upcoming Dividend • Apr 06
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 13 April 2026. Payment date: 15 April 2026. Trailing yield: 3.9%. Lower than top quartile of Italian dividend payers (4.6%). Higher than average of industry peers (2.8%). Declared Dividend • Mar 05
Dividend increased to €0.06 Dividend of €0.06 is 3.4% higher than last year. Ex-date: 13th April 2026 Payment date: 15th April 2026 Dividend yield will be 3.8%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 7.4% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 05
Reti S.p.A. announces Annual dividend, payable on April 15, 2026 Reti S.p.A. announced Annual dividend of EUR 0.0600 per share payable on April 15, 2026, ex-date on April 13, 2026 and record date on April 14, 2026. Board Change • Feb 28
Less than half of directors are independent There are 4 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: 4 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Donatella De Vollaro is the most experienced director on the board, commencing their role in 2023. Independent President of the Board Ilenia Carnio was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €1.78, the stock trades at a trailing P/E ratio of 16.5x. Average forward P/E is 14x in the IT industry in Italy. Total loss to shareholders of 5.9% over the past three years. New Risk • Feb 23
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 5.3% 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 (5.3% average weekly change). Market cap is less than US$100m (€19.9m market cap, or US$23.5m). Buy Or Sell Opportunity • Nov 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to €1.63. The fair value is estimated to be €1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • Apr 07
Upcoming dividend of €0.058 per share Eligible shareholders must have bought the stock before 14 April 2025. Payment date: 16 April 2025. Trailing yield: 3.5%. Lower than top quartile of Italian dividend payers (5.9%). Higher than average of industry peers (1.0%). Buy Or Sell Opportunity • Apr 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to €1.76. The fair value is estimated to be €2.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Mar 17
Reti S.p.A., Annual General Meeting, Mar 31, 2025 Reti S.p.A., Annual General Meeting, Mar 31, 2025, at 11:00 W. Europe Standard Time. Declared Dividend • Mar 06
Dividend of €0.058 announced Dividend of €0.058 is the same as last year. Ex-date: 14th April 2025 Payment date: 16th April 2025 Dividend yield will be 3.2%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 6.0% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 05
Reti S.p.A. announces Annual dividend, payable on April 16, 2025 Reti S.p.A. announced Annual dividend of EUR 0.0580 per share payable on April 16, 2025, ex-date on April 14, 2025 and record date on April 15, 2025. Buy Or Sell Opportunity • May 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €1.95. The fair value is estimated to be €2.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. Buy Or Sell Opportunity • Apr 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to €1.91. The fair value is estimated to be €2.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. Upcoming Dividend • Apr 08
Upcoming dividend of €0.058 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 17 April 2024. Trailing yield: 2.8%. Lower than top quartile of Italian dividend payers (5.6%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.06, the stock trades at a trailing P/E ratio of 17.4x. Average forward P/E is 19x in the IT industry in Italy. Total returns to shareholders of 121% over the past three years. Reported Earnings • Mar 06
Full year 2023 earnings released Full year 2023 results: Revenue: €30.9m (up 10% from FY 2022). Net income: €1.47m (up 50% from FY 2022). Profit margin: 4.8% (up from 3.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Italy. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.90, the stock trades at a trailing P/E ratio of 20.4x. Average forward P/E is 17x in the IT industry in Italy. Total returns to shareholders of 182% over the past three years. Buying Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be €2.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.0%. Reported Earnings • Oct 02
First half 2023 earnings released: EPS: €0.053 (vs €0.039 in 1H 2022) First half 2023 results: EPS: €0.053 (up from €0.039 in 1H 2022). Revenue: €15.4m (up 17% from 1H 2022). Net income: €657.7k (up 36% from 1H 2022). Profit margin: 4.3% (up from 3.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 04
Upcoming dividend of €0.052 per share at 2.5% yield Eligible shareholders must have bought the stock before 11 April 2023. Payment date: 13 April 2023. Trailing yield: 2.5%. Lower than top quartile of Italian dividend payers (5.2%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.28, the stock trades at a trailing P/E ratio of 26.2x. Average forward P/E is 22x in the IT industry in Italy. Total returns to shareholders of 6.1% over the past year. 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. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.038 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €13.2m (up 6.2% from 1H 2021). Net income: €483.9k (flat on 1H 2021). Profit margin: 3.7% (down from 3.9% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Italy. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 15% share price gain to €2.20, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 22x in the IT industry in Italy. Total returns to shareholders of 54% over the past 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. 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. Upcoming Dividend • Apr 04
Upcoming dividend of €0.052 per share Eligible shareholders must have bought the stock before 11 April 2022. Payment date: 13 April 2022. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 16% share price gain to €2.14, the stock trades at a trailing P/E ratio of 24.7x. Average forward P/E is 29x in the IT industry in Italy. Total returns to shareholders of 118% over the past year. Reported Earnings • Oct 03
First half 2021 earnings released: EPS €0.038 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €12.4m (up 17% from 1H 2020). Net income: €480.3k (up 27% from 1H 2020). Profit margin: 3.9% (up from 3.6% in 1H 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 30% share price gain to €1.99, the stock trades at a trailing P/E ratio of 27.5x. Average forward P/E is 31x in the IT industry in Italy. Is New 90 Day High Low • Feb 24
New 90-day high: €0.87 The company is up 6.0% from its price of €0.82 on 25 November 2020. The Italian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: €0.84 The company is up 7.0% from its price of €0.78 on 06 October 2020. The Italian market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 5.0% over the same period.