Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €12.00, the stock trades at a trailing P/E ratio of 44.2x. Average forward P/E is 9x in the Transportation industry in Europe. Total returns to shareholders of 511% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.18 per share. New Risk • May 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 7.0% 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. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €11.25, the stock trades at a trailing P/E ratio of 41.5x. Average forward P/E is 9x in the Transportation industry in Europe. Total returns to shareholders of 460% over the past three years. Announcement • Apr 15
Lindbergh S.p.A., Annual General Meeting, Apr 29, 2026 Lindbergh S.p.A., Annual General Meeting, Apr 29, 2026, at 15:00 W. Europe Standard Time. Location: pescarolo ed uniti via guarneri zanetti n 22, cr Italy Reported Earnings • Mar 31
Full year 2025 earnings released Full year 2025 results: Revenue: €32.8m (up 37% from FY 2024). Net income: €2.58m (up 34% from FY 2024). Profit margin: 7.9% (down from 8.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Transportation industry in Europe. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.42, the stock trades at a trailing P/E ratio of 32.2x. Average forward P/E is 11x in the Transportation industry in Europe. Total returns to shareholders of 336% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.11 per share. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €6.00, the stock trades at a trailing P/E ratio of 29.7x. Average forward P/E is 11x in the Transportation industry in Europe. Total returns to shareholders of 287% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.69 per share. New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 75% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (€35.9m market cap, or US$40.8m). Announcement • Apr 15
Lindbergh S.p.A., Annual General Meeting, Apr 29, 2025 Lindbergh S.p.A., Annual General Meeting, Apr 29, 2025, at 15:00 W. Europe Standard Time. New Risk • Apr 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 June 2024 fiscal period end). Market cap is less than US$100m (€34.0m market cap, or US$38.5m). Price Target Changed • Oct 12
Price target increased by 11% to €5.00 Up from €4.50, the current price target is provided by 1 analyst. New target price is 33% above last closing price of €3.76. Stock is up 81% over the past year. The company posted earnings per share of €0.14 last year. Reported Earnings • Sep 27
First half 2024 earnings released First half 2024 results: Revenue: €15.6m (up 19% from 1H 2023). Net income: €835.8k (up 12% from 1H 2023). Profit margin: 5.4% (down from 5.7% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Europe. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.34, the stock trades at a trailing P/E ratio of 24.5x. Average forward P/E is 12x in the Transportation industry in Europe. Total returns to shareholders of 63% over the past year. Reported Earnings • Apr 14
Full year 2023 earnings released Full year 2023 results: Revenue: €26.9m (up 19% from FY 2022). Net income: €1.16m (up 33% from FY 2022). Profit margin: 4.3% (up from 3.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Transportation industry in Europe. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.00, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 11x in the Transportation industry in Europe. Total returns to shareholders of 54% over the past year. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.78, the stock trades at a trailing P/E ratio of 21.9x. Average forward P/E is 10x in the Transportation industry in Europe. Total returns to shareholders of 50% over the past year. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.32, the stock trades at a trailing P/E ratio of 18.3x. Average forward P/E is 14x in the Transportation industry in Europe. Total returns to shareholders of 44% over the past year. Announcement • Oct 08
Pinvest S.R.L. acquired a 2.94% stake in Lindbergh S.p.A. (BIT:LDB). Pinvest S.R.L. acquired a 2.94% stake in Lindbergh S.p.A. (BIT:LDB) on October 6, 2023. Pinvest S.R.L. completed the acquisition of a 2.94% stake in Lindbergh S.p.A. (BIT:LDB) on October 6, 2023. Reported Earnings • Sep 25
First half 2023 earnings released First half 2023 results: Revenue: €13.2m (up 23% from 1H 2022). Net income: €746.1k (up 38% from 1H 2022). Profit margin: 5.7% (up from 5.1% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Transportation industry in Europe. New Risk • Jun 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 4.9% 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 High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (€17.3m market cap, or US$19.0m). 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. 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. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 16% share price gain to €1.70, the stock trades at a trailing P/E ratio of 18x. Average forward P/E is 12x in the Transportation industry in Europe. 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. Announcement • Apr 01
Lindbergh S.p.A. (BIT:LDB) entered into a Preliminary Deal to acquire Business Branch Of Hinet Group Solutions from Hinet Group Solutions S.R.L. for €0.25 million. Lindbergh S.p.A. (BIT:LDB) entered into a Preliminary Deal to acquire Business Branch Of Hinet Group Solutions from Hinet Group Solutions S.R.L. for €0.25 million on March 30, 2022. The transaction is expected to close by end of April 2022. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.68, the stock trades at a trailing P/E ratio of 14.8x. Average forward P/E is 11x in the Transportation industry in Europe. Board Change • Dec 22
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.