Upcoming Dividend • May 12
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (2.7%). Announcement • Apr 15
A.L.A. società per azioni, Annual General Meeting, Apr 28, 2025 A.L.A. società per azioni, Annual General Meeting, Apr 28, 2025, at 11:00 W. Europe Standard Time. Reported Earnings • Apr 02
Full year 2024 earnings released Full year 2024 results: Revenue: €290.0m (up 26% from FY 2023). Net income: €16.9m (up 72% from FY 2023). Profit margin: 5.8% (up from 4.3% in FY 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 5.9% growth forecast for the Logistics industry in Europe. Buy Or Sell Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock has risen 34% to €33.20. The fair value is estimated to be €41.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 149%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Mar 30
A.L.A. società per azioni announces Annual dividend, payable on May 21, 2025 A.L.A. società per azioni announced Annual dividend of EUR 0.7500 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €32.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Logistics industry in Europe. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.02 per share. New Risk • Feb 14
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: Major Risk Debt is not well covered by operating cash flow (4.6% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €27.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Logistics industry in Europe. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.91 per share. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €24.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Logistics industry in Europe. Total returns to shareholders of 155% over the past three years. Price Target Changed • Sep 30
Price target increased by 16% to €27.10 Up from €23.43, the current price target is an average from 3 analysts. New target price is 17% above last closing price of €23.20. Stock is up 56% over the past year. The company is forecast to post earnings per share of €1.67 for next year compared to €1.09 last year. Reported Earnings • Sep 25
First half 2024 earnings released: EPS: €0.80 (vs €0.64 in 1H 2023) First half 2024 results: EPS: €0.80 (up from €0.64 in 1H 2023). Revenue: €138.2m (up 24% from 1H 2023). Net income: €7.19m (up 24% from 1H 2023). Profit margin: 5.2% (in line with 1H 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Logistics industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 176 percentage points per year, which is a significant difference in performance. Announcement • Aug 26
A.L.A. società per azioni to Report First Half, 2024 Results on Sep 23, 2024 A.L.A. società per azioni announced that they will report first half, 2024 results on Sep 23, 2024 Buy Or Sell Opportunity • Jun 13
Now 24% undervalued Over the last 90 days, the stock has risen 8.3% to €19.50. The fair value is estimated to be €25.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 135%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Price Target Changed • May 31
Price target increased by 10% to €23.43 Up from €21.27, the current price target is an average from 3 analysts. New target price is 7.5% above last closing price of €21.80. Stock is up 69% over the past year. The company is forecast to post earnings per share of €1.55 for next year compared to €1.09 last year. Major Estimate Revision • May 31
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.40 to €1.55. Revenue forecast steady at €272.4m. Net income forecast to grow 42% next year vs 16% growth forecast for Logistics industry in Italy. Consensus price target up from €21.27 to €23.43. Share price was steady at €21.80 over the past week. Upcoming Dividend • May 13
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Italian dividend payers (5.4%). In line with average of industry peers (3.2%). 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 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Reported Earnings • Mar 30
Full year 2023 earnings released Full year 2023 results: Revenue: €230.1m (up 46% from FY 2022). Net income: €9.80m (up 27% from FY 2022). Profit margin: 4.3% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Logistics industry in Europe. Price Target Changed • Feb 16
Price target increased by 7.6% to €18.87 Up from €17.53, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €16.50. Stock is up 40% over the past year. The company is forecast to post earnings per share of €1.26 for next year compared to €0.85 last year. Reported Earnings • Sep 24
First half 2023 earnings released: EPS: €0.64 (vs €0.38 in 1H 2022) First half 2023 results: EPS: €0.64 (up from €0.38 in 1H 2022). Revenue: €110.9m (up 75% from 1H 2022). Net income: €5.81m (up 69% from 1H 2022). Profit margin: 5.2% (down from 5.4% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, while revenues in the Logistics industry in Europe are expected to remain flat. New Risk • Sep 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Short dividend paying track record (1 year of continuous dividend payments). Upcoming Dividend • May 15
Upcoming dividend of €0.47 per share at 3.8% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (2.9%). Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: €157.5m (up 21% from FY 2021). Net income: €7.70m (up 27% from FY 2021). Profit margin: 4.9% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.3% decline forecast for the Logistics industry in Europe. 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. CEO & Director Roberto Tonna was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €64.0m (up 94% from 1H 2021). Net income: €3.00m (up 50% from 1H 2021). Profit margin: 4.7% (down from 6.1% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Logistics industry in Europe. Buying Opportunity • May 12
Now 20% undervalued Over the last 90 days, the stock is up 4.5%. The fair value is estimated to be €14.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last year. Earnings per share has declined by 99%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. 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. 8 experienced directors. No highly experienced directors. 1 independent director (4 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 • Apr 06
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €130.7m (down 4.3% from FY 2020). Net income: €6.00m (flat on FY 2020). Profit margin: 4.6% (up from 4.4% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 22%, compared to a 5.0% growth forecast for the industry in Italy.