New Risk • Mar 30
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 (€67.1m market cap, or US$72.7m). New Risk • Dec 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (€65.5m market cap, or US$68.9m). Price Target Changed • Sep 24
Price target increased by 12% to €0.38 Up from €0.34, the current price target is provided by 1 analyst. New target price is 60% above last closing price of €0.24. Stock is down 2.5% over the past year. The company posted a net loss per share of €0.047 last year. Reported Earnings • Mar 31
Full year 2023 earnings released Full year 2023 results: Revenue: €155.5m (up 5.4% from FY 2022). Net loss: €9.34m (loss narrowed 8.5% from FY 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electrical industry in Italy. New Risk • Mar 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. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (€46.6m market cap, or US$50.3m). New Risk • Mar 27
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 7.1% 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 (7.1% average weekly change). Market cap is less than US$100m (€51.8m market cap, or US$56.1m). Buying Opportunity • Dec 14
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 23
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Sep 17
First half 2023 earnings released: €0.008 loss per share (vs €0.002 profit in 1H 2022) First half 2023 results: €0.008 loss per share (down from €0.002 profit in 1H 2022). Revenue: €83.2m (up 9.3% from 1H 2022). Net loss: €1.63m (down 459% from profit in 1H 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 18
Price target decreased by 83% to €0.35 Down from €2.04, the current price target is provided by 1 analyst. New target price is 40% above last closing price of €0.25. Stock is down 33% over the past year. The company posted a net loss per share of €0.051 last year. New Risk • Jun 17
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 5.0% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (€51.7m market cap, or US$56.5m). Price Target Changed • Mar 31
Price target increased by 70% to €3.45 Up from €2.04, the current price target is provided by 1 analyst. New target price is 1,173% above last closing price of €0.27. Stock is down 33% over the past year. Reported Earnings • Mar 29
Full year 2022 earnings released Full year 2022 results: Revenue: €145.9m (down 2.2% from FY 2021). Net loss: €10.2m (down 429% from profit in FY 2021). Buying Opportunity • Dec 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €0.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. 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. 12 experienced directors. No highly experienced directors. 3 independent directors (9 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. Buying Opportunity • Sep 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 11
First half 2022 earnings released: EPS: €0.002 (vs €0.011 in 1H 2021) First half 2022 results: EPS: €0.002 (down from €0.011 in 1H 2021). Revenue: €76.1m (down 2.3% from 1H 2021). Net income: €455.0k (down 80% from 1H 2021). Profit margin: 0.6% (down from 2.9% in 1H 2021). Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to €3.45 Up from €0.44, the current price target is an average from 2 analysts. New target price is 748% above last closing price of €0.41. Stock is up 9.4% over the past year. The company posted earnings per share of €0.016 last year. 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. 12 experienced directors. No highly experienced directors. 3 independent directors (9 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. Buying Opportunity • Apr 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €0.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Mar 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €0.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Feb 14
Now 20% undervalued Over the last 90 days, the stock is up 4.6%. The fair value is estimated to be €0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Buying Opportunity • Jan 28
Now 21% undervalued Over the last 90 days, the stock is up 8.7%. The fair value is estimated to be €0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Nov 06
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €86.1m (up 148% from 3Q 2020). Net income: €12.1m (up €13.8m from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Reported Earnings • Sep 16
First half 2021 earnings released: EPS €0.011 (vs €0.028 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €77.9m (up 31% from 1H 2020). Net income: €2.22m (up €7.82m from 1H 2020). Profit margin: 2.9% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 24
New 90-day high: €0.26 The company is up 60% from its price of €0.16 on 25 September 2020. The Italian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: €0.21 The company is up 10.0% from its price of €0.19 on 28 August 2020. The Italian market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electrical industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: €0.20 The company is up 12% from its price of €0.18 on 21 August 2020. The Italian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 15% over the same period.