New Risk • Oct 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 German stocks, typically moving 2.8% 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: Minor Risks Share price has been volatile over the past 3 months (2.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to €4.23, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Software industry in Germany. Total returns to shareholders of 9.5% over the past three years. Duyuru • Oct 03
Almaviva S.p.A. proposed to acquire remaining 30.50% stake in Almawave S.p.A. (BIT:AIW) for €39.13 million. Almaviva S.p.A. proposed to acquire remaining 30.50% stake in Almawave S.p.A. (BIT:AIW) for €39.13 million on October 3, 2025. A cash consideration valued at €4.3 per share will be paid by Almaviva S.p.A. The deal is entirely financed with own resources. New Risk • Aug 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 233% 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. This is currently the only risk that has been identified for the company. Duyuru • Apr 22
Almawave S.p.A., Annual General Meeting, May 06, 2025 Almawave S.p.A., Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Apr 06
Full year 2024 earnings released Full year 2024 results: Revenue: €51.9m (down 9.7% from FY 2023). Net income: €8.50m (down 8.5% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Germany. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.91, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Software industry in Germany. Total loss to shareholders of 32% over the past three years. New Risk • Mar 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.8m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (€90.8m market cap, or US$98.6m). Buy Or Sell Opportunity • Mar 05
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to €3.58. The fair value is estimated to be €2.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 2.5% in the next 2 years. New Risk • Feb 18
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). Share price has been volatile over the past 3 months (9.2% average weekly change). Buy Or Sell Opportunity • Feb 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €3.28. The fair value is estimated to be €2.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 2.5% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.90, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Software industry in Germany. Total loss to shareholders of 38% over the past three years. New Risk • Jan 08
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 6.9% 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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€87.8m market cap, or US$90.6m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Software industry in Germany. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.14 per share. Buy Or Sell Opportunity • Dec 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to €2.38. The fair value is estimated to be €2.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 2.5% in the next 2 years. Buy Or Sell Opportunity • Nov 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to €2.42. The fair value is estimated to be €3.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 2.5% in the next 2 years. New Risk • Nov 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.0m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to €4.21. The fair value is estimated to be €5.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Mar 20
Full year 2023 earnings released Full year 2023 results: Revenue: €57.5m (up 20% from FY 2022). Net income: €9.30m (up 93% from FY 2022). Profit margin: 16% (up from 10.0% 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 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. New Risk • Feb 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €5.06, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Software industry in Germany. Total returns to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.53 per share. Reported Earnings • Aug 07
First half 2023 earnings released: EPS: €0.11 (vs €0.07 in 1H 2022) First half 2023 results: EPS: €0.11 (up from €0.07 in 1H 2022). Revenue: €27.7m (up 30% from 1H 2022). Net income: €3.11m (up 57% from 1H 2022). Profit margin: 11% (up from 9.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Board Change • Jul 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Deputy Chairman Francesco Profumo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.