Declared Dividend • Apr 02
Dividend reduced to €0.10 Dividend of €0.10 is 17% lower than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.6%, which is lower than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 20% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 222% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 01
Planetel S.p.A. announces Annual dividend, payable on May 13, 2026 Planetel S.p.A. announced Annual dividend of EUR 0.1000 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. Reported Earnings • Oct 02
First half 2025 earnings released First half 2025 results: Revenue: €20.6m (up 5.8% from 1H 2024). Net income: €301.0k (down 48% from 1H 2024). Profit margin: 1.5% (down from 3.0% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Italy. New Risk • Sep 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.4% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (€26.7m market cap, or US$31.4m). Announcement • Jul 02
Planetel S.p.A. (BIT:PLN) completed the acquisition of Business unit of Areatech S.r.l. for €0.29 million. Planetel S.p.A. (BIT:PLN) agreed to acquire Business unit of Areatech S.r.l. for €0.30 million on May 29, 2025. A cash consideration of €0.3 million will be paid by Planetel S.p.A. As part of consideration, €0.3 million is paid towards assets of Business unit of Areatech S.r.l.
For the period ending December 31, 2024, Business unit of Areatech S.r.l. reported total revenue of €0.49 million and EBITDA of €0.07 million.
The closing of the operation is expected by June 30, 2025.
Planetel S.p.A. (BIT:PLN) completed the acquisition of Business unit of Areatech S.r.l. for €0.29 million on July 1, 2025. The consideration entirety was financed with own resources. Upcoming Dividend • Apr 28
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (5.1%). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.46, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Telecom industry in Italy. Total loss to shareholders of 40% over the past three years. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.314 to €0.257 per share. Revenue forecast steady at €43.0m. Net income forecast to grow 28% next year vs 21% growth forecast for Telecom industry in Italy. Consensus price target down from €7.20 to €6.60. Share price rose 14% to €4.46 over the past week. Announcement • Apr 10
Planetel S.p.A., Annual General Meeting, Apr 24, 2025 Planetel S.p.A., Annual General Meeting, Apr 24, 2025, at 10:00 W. Europe Standard Time. Declared Dividend • Mar 27
Dividend increased to €0.12 Dividend of €0.12 is 20% higher than last year. Ex-date: 5th May 2025 Payment date: 7th May 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 2 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Announcement • Mar 26
Planetel S.p.A. announces Annual dividend, payable on May 07, 2025 Planetel S.p.A. announced Annual dividend of EUR 0.1200 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. New Risk • Mar 25
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€27.2m market cap, or US$29.3m). Announcement • Feb 04
Planetel S.p.A. to Report First Half, 2025 Results on Sep 29, 2025 Planetel S.p.A. announced that they will report first half, 2025 results on Sep 29, 2025 Announcement • Feb 03
Planetel S.p.A. to Report Fiscal Year 2024 Results on Mar 24, 2025 Planetel S.p.A. announced that they will report fiscal year 2024 results on Mar 24, 2025 Announcement • Nov 27
Planetel S.p.A. (BIT:PLN) it has signed a binding agreement to acquire Suardi S.R.L for €3.6 million. Planetel S.p.A. (BIT:PLN) it has signed a binding agreement to acquire Suardi S.R.L for €3.6 million on November 25, 2024. Planetel will fully finance the operation using own funds. Planetel will pay the Provisional Price to the Sellers per the methods At the Closing Date, the Buyer will pay the Sellers a total amount of approximately €2.5 million within 60 working days from the Closing Date, the Buyer will pay the Sellers an amount of €0.6 million subject to possible changes due to the NFP Adjustment. by 30 June 2025, where the downwards 2024 EBITDA Adjustment is not applicable, the Buyer will pay the Sellers an amount of €0.37 million. For the period ending December 31, 2023, Suardi S.R.L. reported total revenue of €3.39 million and EBITDA of €0.47 million. As of December 31, 2023, Suardi S.R.L. reported total common equity of €6.55 million. The closing of the transaction is expected by the end of November 2024. Lega Colucci Morri & Associati acted as legal advisor for Planetel S.p.A. Studio Marangi Associati acted as accountant for Planetel S.p.A. Studio Falardi acted as accountant for Suardi S.R.L.. Major Estimate Revision • Oct 11
Consensus EPS estimates fall by 52% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.413 to €0.20 per share. Revenue forecast steady at €40.1m. Net income forecast to grow 41% next year vs 25% growth forecast for Telecom industry in Italy. Consensus price target down from €8.40 to €7.20. Share price was steady at €4.64 over the past week. Reported Earnings • Oct 01
First half 2024 earnings released First half 2024 results: Revenue: €19.6m (up 17% from 1H 2023). Net income: €580.0k (up 37% from 1H 2023). Profit margin: 3.0% (up from 2.5% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Italy. Upcoming Dividend • Apr 29
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (4.9%). Announcement • Apr 13
Planetel S.p.A., Annual General Meeting, Apr 29, 2024 Planetel S.p.A., Annual General Meeting, Apr 29, 2024, at 15:00 Central European Standard Time. Location: The Company's registered office in Treviolo Boffalora no. 4, 24048 Bergamo Italy Agenda: To consider examination and approval of the financial statements of Planetel S.p.A. for the year ending 31 December 2023; presentation of the consolidated financial statements for the year ending 31 December 2023; to consider allocation of profit for the year; resolutions arising; and to consider authorization pursuant to articles 2357 et seq. of the Italian Civil Code for the buy-back and subsequent disposal of treasury shares; resolutions arising. Announcement • Apr 11
Planetel S.p.A. (BIT:PLN) signed binding agreement to acquire Connetical S.r.l. from Stefano Pasqualin, Umberto Pasqualin and Daniele Gallina for €2 million. Planetel S.p.A. (BIT:PLN) signed binding agreement to acquire Connetical S.r.l. from Stefano Pasqualin, Umberto Pasqualin and Daniele Gallina for €2 million on April 10, 2024. Planetel will pay 70% of acquisition price on closing date and remaining 30% of acquisition price will be paid within 90 days after closing date. The transaction is subject to For period ended December 31, 2023, Connetical reported turnover of €1.87 million and EBITDA of €0.29 million. The transaction is expected to close by end of April 2024. Studio Marangi Associati acted as accountant and Lega Colucci Morri & Associati acted as legal advisor to Planetel. Studio Levorato & Bagante Dottori Commercialisti Associati acted as accountant to Connetical. Alantra Capital Markets SV S.A. acted as advisor to Planetel S.p.A. Price Target Changed • Apr 10
Price target decreased by 12% to €8.40 Down from €9.50, the current price target is provided by 1 analyst. New target price is 65% above last closing price of €5.10. Stock is down 14% over the past year. New Risk • Apr 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 93% Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Dividend is not well covered by cash flows (93% cash payout ratio). Market cap is less than US$100m (€35.3m market cap, or US$38.3m). Reported Earnings • Mar 31
Full year 2023 earnings released Full year 2023 results: Revenue: €35.1m (up 8.9% from FY 2022). Net income: €1.41m (up 17% from FY 2022). Profit margin: 4.0% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Telecom industry in Italy. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Telecom industry in Italy. Total returns to shareholders of 49% over the past three years. Reported Earnings • Oct 05
First half 2023 earnings released First half 2023 results: Revenue: €16.9m (up 17% from 1H 2022). Net income: €461.0k (up 9.4% from 1H 2022). Profit margin: 2.7% (down from 2.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Telecom industry in Italy. Price Target Changed • Oct 02
Price target decreased by 7.2% to €9.00 Down from €9.70, the current price target is provided by 1 analyst. New target price is 76% above last closing price of €5.10. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.39 for next year compared to €0.18 last year. New Risk • Aug 24
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 4.8% 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: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Market cap is less than US$100m (€35.1m market cap, or US$38.0m). Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). MD & Director Mirko Mare is the most experienced director on the board, commencing their role in 2020. Independent Director Ramona Corti was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.061 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €14.7m (up 29% from 1H 2021). Net income: €552.0k (up 38% from 1H 2021). Profit margin: 3.8% (up from 3.5% in 1H 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). MD & Director Mirko Mare is the most experienced director on the board, commencing their role in 2020. Independent Director Ramona Corti was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Apr 06
Full year 2021 earnings released Full year 2021 results: Revenue: €23.6m (up 31% from FY 2020). Net income: €1.05m (down 3.9% from FY 2020). Profit margin: 4.5% (down from 6.1% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 21% share price gain to €6.80, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 37x in the Telecom industry in Italy.