Board Change • May 20
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. 9 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Carlo Paris was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Mar 20
LU-VE S.p.A., Annual General Meeting, Apr 28, 2026 LU-VE S.p.A., Annual General Meeting, Apr 28, 2026, at 09:30 W. Europe Standard Time. Duyuru • Mar 18
LU-VE S.p.A. announces Annual dividend, payable on May 06, 2026 LU-VE S.p.A. announced Annual dividend of EUR 0.4700 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. Duyuru • Mar 19
LU-VE S.p.A., Annual General Meeting, Apr 18, 2025 LU-VE S.p.A., Annual General Meeting, Apr 18, 2025, at 09:30 W. Europe Standard Time. Duyuru • Mar 18
LU-VE S.p.A. announces Annual dividend, payable on April 30, 2025 LU-VE S.p.A. announced Annual dividend of EUR 0.4200 per share payable on April 30, 2025, ex-date on April 28, 2025 and record date on April 29, 2025. Reported Earnings • Nov 14
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €143.1m (down 1.3% from 3Q 2023). Net income: €6.34m (down 18% from 3Q 2023). Profit margin: 4.4% (down from 5.3% in 3Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in Europe. Reported Earnings • Sep 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €154.5m (down 8.5% from 2Q 2023). Net income: €8.74m (down 26% from 2Q 2023). Profit margin: 5.7% (down from 7.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. New Risk • May 19
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: 4.8% Last year net profit margin: 7.7% 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 Debt is not well covered by operating cash flow (19% 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. Profit margins are more than 30% lower than last year (4.8% net profit margin). Reported Earnings • May 14
First quarter 2024 earnings released First quarter 2024 results: Revenue: €141.9m (down 6.3% from 1Q 2023). Net income: €10.7m (up 69% from 1Q 2023). Profit margin: 7.5% (up from 4.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. Upcoming Dividend • Apr 29
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.8%). Duyuru • Apr 28
LU-VE S.p.A., Annual General Meeting, Apr 29, 2024 LU-VE S.p.A., Annual General Meeting, Apr 29, 2024. New Risk • Apr 02
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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.8% net profit margin). Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €23.05, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Building industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €18.55 per share. Buy Or Sell Opportunity • Mar 23
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at €22.50. The fair value is estimated to be €18.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Reported Earnings • Mar 14
Full year 2023 earnings released Full year 2023 results: Revenue: €617.3m (flat on FY 2022). Net income: €29.7m (down 38% from FY 2022). Profit margin: 4.8% (down from 7.7% in FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Building industry in Europe. Buy Or Sell Opportunity • Jan 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to €21.35. The fair value is estimated to be €17.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €22.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Building industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €17.51 per share. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €144.1m (down 3.4% from 3Q 2022). Net income: €7.75m (down 35% from 3Q 2022). Profit margin: 5.4% (down from 8.0% in 3Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Building industry in Europe. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €21.15, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Building industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €13.46 per share. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €18.06, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Building industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €13.84 per share. New Risk • Oct 20
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 German stocks, typically moving 6.6% 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 (11% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Board Change • Oct 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Raffaella Cagliano 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. Insufficient board refreshment. Board Change • Sep 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Raffaella Cagliano 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. Insufficient board refreshment. Reported Earnings • Sep 11
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €168.9m (flat on 2Q 2022). Net income: €11.8m (up 1.6% from 2Q 2022). Profit margin: 7.0% (up from 6.9% in 2Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Europe. Board Change • Jul 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Raffaella Cagliano 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. Insufficient board refreshment. Board Change • May 17
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Raffaella Cagliano was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Raffaella Cagliano was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.