Duyuru • Mar 30
Elica S.p.A., Annual General Meeting, Apr 29, 2026 Elica S.p.A., Annual General Meeting, Apr 29, 2026, at 09:00 W. Europe Standard Time. Location: via ermanno casoli n 2, fabriano Italy Duyuru • Jul 31
Elica S.p.A. (BIT:ELC) agreed to acquire 28% stake in Steel S.R.L. Elica S.p.A. (BIT:ELC) agreed to acquire 28% stake in Steel S.R.L. on July 30, 2025. Elica can increase its stake to 100% if the existing shareholders refuse to exercise the option of retaining a 10% stake. The acquisition will be financed entirely through Elica's equity and existing credit lines.
For the period ending December 31, 2024, Steel S.R.L. reported total revenue of €7 million and EBITDA of €0.8 million and with debt of approximately €3 million. Duyuru • Jul 02
Elica S.p.A. (BIT:ELC) agreed to acquire remaining 0.56% stake in Elica Home Appliances Co Ltd from Fuji Industrial Co. Ltd for €2 million. Elica S.p.A. (BIT:ELC) agreed to acquire remaining 0.56% stake in Elica Home Appliances Co Ltd from Fuji Industrial Co. Ltd for €2 million on July 1, 2025. A cash consideration of €2 million will be paid by Elica S.p.A. As part of consideration, €2 million is paid towards common equity of Elica Home Appliances Co Ltd. Upon completion, Elica S.p.A. will own 100% stake in Elica Home Appliances Co Ltd. Board Change • May 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Statutory Auditor Paolo Magini was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Mar 27
Elica S.p.A. announces Annual dividend, payable on July 09, 2025 Elica S.p.A. announced Annual dividend of EUR 0.0400 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025. Board Change • Aug 28
Insufficient new directors 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. CEO & Executive Director Giulio Cocci was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.71 per share. Buying Opportunity • Nov 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €2.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 0.5% in 2 years. Earnings is forecast to grow by 39% in the next 2 years. Duyuru • Oct 28
Elica S.p.A. to Report Nine Months, 2023 Results on Oct 26, 2023 Elica S.p.A. announced that they will report nine months, 2023 results on Oct 26, 2023 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.029 (vs €0.016 in 3Q 2022) Third quarter 2023 results: EPS: €0.029 (up from €0.016 in 3Q 2022). Revenue: €105.5m (down 18% from 3Q 2022). Net income: €1.80m (up 80% from 3Q 2022). Profit margin: 1.7% (up from 0.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be €3.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.5% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. New Risk • Jul 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: €0.07 (vs €0.12 in 2Q 2022) Second quarter 2023 results: EPS: €0.07 (down from €0.12 in 2Q 2022). Revenue: €125.5m (down 15% from 2Q 2022). Net income: €4.40m (down 42% from 2Q 2022). Profit margin: 3.5% (down from 5.2% in 2Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 26
Upcoming dividend of €0.07 per share at 2.6% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (6.6%). Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: €0.054 (vs €0.075 in 1Q 2022) First quarter 2023 results: EPS: €0.054 (down from €0.075 in 1Q 2022). Revenue: €129.0m (down 10% from 1Q 2022). Net income: €3.40m (down 28% from 1Q 2022). Profit margin: 2.6% (down from 3.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 19
Full year 2022 earnings released: EPS: €0.26 (vs €0.19 in FY 2021) Full year 2022 results: EPS: €0.26 (up from €0.19 in FY 2021). Revenue: €548.6m (flat on FY 2021). Net income: €16.2m (up 34% from FY 2021). Profit margin: 3.0% (up from 2.2% in FY 2021). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be €3.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 0.03% in 2 years. Earnings is forecast to grow by 61% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: €0.016 (vs €0.074 in 3Q 2021) Third quarter 2022 results: EPS: €0.016 (down from €0.074 in 3Q 2021). Revenue: €128.8m (down 6.3% from 3Q 2021). Net income: €1.00m (down 79% from 3Q 2021). Profit margin: 0.8% (down from 3.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: €0.075 (vs €0.038 in 1Q 2021) First quarter 2022 results: EPS: €0.075 (up from €0.038 in 1Q 2021). Revenue: €144.0m (up 5.1% from 1Q 2021). Net income: €4.70m (up 96% from 1Q 2021). Profit margin: 3.3% (up from 1.8% in 1Q 2021). Over the next year, revenue is forecast to grow 1.8%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: €0.19 (vs €0.028 loss in FY 2020) Full year 2021 results: EPS: €0.19 (up from €0.028 loss in FY 2020). Revenue: €541.3m (up 19% from FY 2020). Net income: €12.1m (up €13.9m from FY 2020). Profit margin: 2.2% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 2.9%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.19 (up from €0.028 loss in FY 2020). Revenue: €541.3m (up 19% from FY 2020). Net income: €12.1m (up €13.9m from FY 2020). Profit margin: 2.2% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to stay flat compared to a 7.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.