New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings have declined by 64% 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 64% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (€13.0m market cap, or US$15.3m). Announcement • Apr 17
Solid World Group S.p.A., Annual General Meeting, Apr 30, 2026 Solid World Group S.p.A., Annual General Meeting, Apr 30, 2026, at 11:00 W. Europe Standard Time. Buy Or Sell Opportunity • Mar 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €0.58. The fair value is estimated to be €0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.4% in a year. Earnings are forecast to grow by 81% in the next year. Buy Or Sell Opportunity • Mar 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to €0.57. The fair value is estimated to be €0.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.4% in a year. Earnings are forecast to grow by 81% in the next year. Buy Or Sell Opportunity • Jan 09
Now 21% overvalued Over the last 90 days, the stock has fallen 4.3% to €0.90. The fair value is estimated to be €0.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.4% in a year. Earnings are forecast to grow by 81% in the next year. Buy Or Sell Opportunity • Dec 02
Now 20% overvalued Over the last 90 days, the stock has fallen 22% to €0.86. The fair value is estimated to be €0.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.4% in a year. Earnings are forecast to grow by 81% in the next year. New Risk • Dec 01
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 9.4% 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 (9.4% average weekly change). Minor Risks Significant insider selling over the past 3 months (€75k sold). Market cap is less than US$100m (€13.4m market cap, or US$15.6m). Buy Or Sell Opportunity • Oct 27
Now 22% overvalued Over the last 90 days, the stock has fallen 22% to €0.88. The fair value is estimated to be €0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.4% in a year. Earnings are forecast to grow by 81% in the next year. Buy Or Sell Opportunity • Oct 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €1.01. The fair value is estimated to be €1.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to €1.09. The fair value is estimated to be €1.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Price Target Changed • Jun 19
Price target decreased by 20% to €4.20 Down from €5.25, the current price target is an average from 2 analysts. New target price is 249% above last closing price of €1.21. Stock is down 59% over the past year. The company posted a net loss per share of €0.11 last year. New Risk • Jun 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€21.9m market cap, or US$25.2m). New Risk • Jun 13
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€22.0m market cap, or US$25.3m). New Risk • May 26
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 8.7% 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 (8.7% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€22.9m market cap, or US$26.1m). New Risk • May 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (8.5% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€20.4m market cap, or US$22.8m). New Risk • Apr 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 December 2023 fiscal period end). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€18.8m market cap, or US$21.4m). Price Target Changed • Oct 14
Price target decreased by 10.0% to €4.95 Down from €5.50, the current price target is an average from 2 analysts. New target price is 107% above last closing price of €2.39. Stock is down 37% over the past year. The company is forecast to post earnings per share of €0.16 next year compared to a net loss per share of €0.11 last year. Price Target Changed • Oct 08
Price target decreased by 9.3% to €5.25 Down from €5.79, the current price target is an average from 2 analysts. New target price is 99% above last closing price of €2.64. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.16 next year compared to a net loss per share of €0.11 last year. Price Target Changed • Jul 16
Price target decreased by 8.3% to €5.50 Down from €6.00, the current price target is an average from 2 analysts. New target price is 92% above last closing price of €2.86. Stock is down 28% over the past year. The company is forecast to post a net loss per share of €0.014 next year compared to a net loss per share of €0.11 last year. Price Target Changed • Jun 26
Price target decreased by 9.9% to €5.67 Down from €6.29, the current price target is an average from 3 analysts. New target price is 90% above last closing price of €2.99. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.063 next year compared to a net loss per share of €0.11 last year. Announcement • Jun 14
Solid World Group S.p.A., Annual General Meeting, Jun 27, 2024 Solid World Group S.p.A., Annual General Meeting, Jun 27, 2024, at 11:00 W. Europe Standard Time. Announcement • Jun 13
Solid World Group S.p.A. announced that it expects to receive €2.299998 million in funding Solid World Group S.p.A. announced a private placement to issue 821,428 common shares at an issue price of €2.8 per share for the gross proceeds of €2,299,998.4 on June 11, 2024. The capital increase can be executed from June 24, 2024 to July 11, 2024. The transaction has been approved by shareholders of the company Buy Or Sell Opportunity • May 29
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €3.70. The fair value is estimated to be €3.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 554% in the next 2 years. New Risk • May 15
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 Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (€50.4m market cap, or US$54.6m). Buy Or Sell Opportunity • Feb 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €3.81. The fair value is estimated to be €3.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 685% in the next 2 years. Buying Opportunity • Oct 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €4.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 716% in the next 2 years. Price Target Changed • Aug 28
Price target decreased by 11% to €8.18 Down from €9.15, the current price target is an average from 2 analysts. New target price is 134% above last closing price of €3.49. Stock is up 75% over the past year. The company is forecast to post earnings per share of €0.15 for next year compared to €0.009 last year. New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (51% accrual ratio). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (€47.9m market cap, or US$52.3m). Announcement • Jul 28
Solid World Group S.p.A. (BIT:S3D) signed a letter of Intent to acquire TECHNOLOGICAL BRANCH OF BF FURNITURE OFFICE from BF OFFICE SUPPLIES SRL. Solid World Group S.p.A. (BIT:S3D) signed a letter of Intent to acquire TECHNOLOGICAL BRANCH OF BF FURNITURE OFFICE from BF OFFICE SUPPLIES SRL on July 27, 2023. New Risk • Jul 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 51% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (51% accrual ratio). Minor Risk Market cap is less than US$100m (€55.0m market cap, or US$59.6m). Buying Opportunity • Mar 24
Now 21% undervalued Over the last 90 days, the stock is up 168%. The fair value is estimated to be €7.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Nov 16
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. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.