New Risk • Apr 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jan 29
Sicily by Car S.p.A. (BIT:SBC) acquired Keygo Rent Spain Sa. Sicily by Car S.p.A. (BIT:SBC) acquired Keygo Rent Spain Sa. on January 28, 2026.
Sicily by Car S.p.A. (BIT:SBC) completed the acquisition of Keygo Rent Spain Sa. on January 28, 2026. Price Target Changed • Nov 18
Price target decreased by 9.3% to €5.35 Down from €5.90, the current price target is an average from 2 analysts. New target price is 57% above last closing price of €3.40. Stock is down 9.8% over the past year. New Risk • Sep 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.14, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Transportation industry in Europe. Total loss to shareholders of 55% over the past three years. New Risk • May 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 391% 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 (2.2% net profit margin). Upcoming Dividend • May 12
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Trailing yield: 6.4%. Within top quartile of Italian dividend payers (5.4%). Higher than average of industry peers (3.3%). Announcement • Apr 16
Sicily by Car S.p.A., Annual General Meeting, Apr 29, 2025 Sicily by Car S.p.A., Annual General Meeting, Apr 29, 2025, at 10:00 W. Europe Standard Time. New Risk • Apr 14
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). Profit margins are more than 30% lower than last year (5.0% net profit margin). Buy Or Sell Opportunity • Mar 31
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €3.60. The fair value is estimated to be €4.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 100%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Announcement • Mar 30
Sicily by Car S.p.A. announces Annual dividend, payable on May 21, 2025 Sicily by Car S.p.A. announced Annual dividend of EUR 0.1000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Buy Or Sell Opportunity • Mar 06
Now 23% undervalued Over the last 90 days, the stock has risen 6.2% to €3.61. The fair value is estimated to be €4.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 100%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Buy Or Sell Opportunity • Jan 06
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €4.21. The fair value is estimated to be €5.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 100%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.02, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 10x in the Transportation industry in Europe. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.13 per share. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €3.95, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 9x in the Transportation industry in Europe. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.99 per share. New Risk • Nov 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 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Major Estimate Revision • Oct 16
Consensus EPS estimates fall by 66% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.266 to €0.089 per share. Revenue forecast steady at €138.7m. Net income forecast to shrink 23% next year vs 12% growth forecast for Transportation industry in Italy . Consensus price target up from €5.50 to €5.90. Share price fell 4.6% to €3.93 over the past week. Major Estimate Revision • Oct 06
Consensus EPS estimates fall by 50% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €142.0m to €139.9m. EPS estimate also fell from €0.529 per share to €0.266 per share. Net income forecast to grow 229% next year vs 22% growth forecast for Transportation industry in Italy. Consensus price target down from €10.35 to €5.50. Share price was steady at €4.22 over the past week. Reported Earnings • Oct 01
First half 2024 earnings released First half 2024 results: Revenue: €54.0m (down 5.9% from 1H 2023). Net loss: €5.46m (down 202% from profit in 1H 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Europe. New Risk • Aug 28
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 High level of non-cash earnings (52% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.87, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Transportation industry in Europe. Total loss to shareholders of 45% over the past year. Announcement • May 30
Sicily by Car S.p.A. (BIT:SBC) completed the acquisition of Nova Gratia d.o.o. za turizam i usluge, turisticka agencija and AUTO DALMACIJA d.o.o. Sicily by Car S.p.A. (BIT:SBC) entered into binding agreement to acquire Nova Gratia d.o.o. za turizam i usluge, turisticka agencija and AUTO DALMACIJA d.o.o. for €4.5 million on April 30, 2024.Sicily by Car S.p.A. (BIT:SBC) completed the acquisition of Nova Gratia d.o.o. za turizam i usluge, turisticka agencija and AUTO DALMACIJA d.o.o. on May 28, 2024. The company therefore continues to expand in Europe following its entry in Portugal. Upcoming Dividend • May 13
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. The average dividend yield among industry peers is 4.5%. Announcement • Aug 04
Sicily by Car S.p.A. completed the acquisition of Industrial Stars of Italy 4 S.p.A. (BIT:IN4) from its shareholders in a reverse merger transaction. Sicily by Car S.p.A. agreed to acquire Industrial Stars of Italy 4 S.p.A. (BIT:IN4) from its shareholders in a reverse merger transaction on June 21, 2023. The transaction is approved by the assembly of Industrial Stars. Subject to the completion of the business combination of Industrial Stars of Italy 4 with Sicily by Car, Sicily by Car will start trading on FTSE Italia Growth Index and FTSE Italia PIR PMI All Index from August 4, 2023.
Sicily by Car S.p.A. completed the acquisition of Industrial Stars of Italy 4 S.p.A. (BIT:IN4) from its shareholders in a reverse merger transaction on August 3, 2023.