Upcoming Dividend • May 04
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Trailing yield: 8.7%. Within top quartile of Italian dividend payers (4.5%). Higher than average of industry peers (1.0%). Duyuru • Apr 14
Marzocchi Pompe S.p.A., Annual General Meeting, Apr 29, 2026 Marzocchi Pompe S.p.A., Annual General Meeting, Apr 29, 2026, at 11:00 W. Europe Standard Time. Location: via a grazia 2, zola predosa bo Italy New Risk • Apr 06
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks High level of debt (49% net debt to equity). Market cap is less than US$100m (€13.8m market cap, or US$15.9m). Duyuru • Mar 31
Marzocchi Pompe S.p.A. announces Annual dividend, payable on May 13, 2026 Marzocchi Pompe S.p.A. announced Annual dividend of EUR 0.0600 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. New Risk • Jan 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 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 Dividend is not well covered by earnings (102% payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (€15.1m market cap, or US$18.1m). Reported Earnings • Oct 05
First half 2025 earnings released First half 2025 results: Revenue: €18.9m (down 14% from 1H 2024). Net loss: €779.0k (down 159% from profit in 1H 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Italy. New Risk • Sep 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 54% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Dividend is not well covered by earnings (102% payout ratio). Market cap is less than US$100m (€16.2m market cap, or US$19.0m). New Risk • Apr 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 84% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (€15.2m market cap, or US$17.1m). Duyuru • Apr 14
Marzocchi Pompe S.p.A., Annual General Meeting, May 05, 2025 Marzocchi Pompe S.p.A., Annual General Meeting, May 05, 2025, at 11:00 W. Europe Standard Time. Location: zola predosa via a grazia n 2, bo Italy Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.34, the stock trades at a trailing P/E ratio of 6.8x. Average forward P/E is 11x in the Machinery industry in Italy. Total loss to shareholders of 45% over the past three years. New Risk • Feb 10
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 5.6% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (€18.9m market cap, or US$19.5m). New Risk • Oct 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€24.6m market cap, or US$27.0m). New Risk • Oct 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: 5.3% 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 (5.3% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€24.4m market cap, or US$27.0m). Upcoming Dividend • May 06
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (1.4%). Price Target Changed • Apr 03
Price target decreased by 7.6% to €8.50 Down from €9.20, the current price target is provided by 1 analyst. New target price is 114% above last closing price of €3.98. Stock is down 13% over the past year. The company posted earnings per share of €0.46 last year. Reported Earnings • Mar 27
Full year 2023 earnings released Full year 2023 results: Revenue: €50.9m (up 4.5% from FY 2022). Net income: €3.01m (up 53% from FY 2022). Profit margin: 5.9% (up from 4.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Machinery industry in Italy. Reported Earnings • Oct 05
First half 2023 earnings released: EPS: €0.32 (vs €0.14 in 1H 2022) First half 2023 results: EPS: €0.32 (up from €0.14 in 1H 2022). Revenue: €26.7m (up 4.3% from 1H 2022). Net income: €2.10m (up 127% from 1H 2022). Profit margin: 7.9% (up from 3.6% in 1H 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 01
Upcoming dividend of €0.15 per share at 3.3% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (1.0%). Reported Earnings • Mar 31
Full year 2022 earnings released Full year 2022 results: Revenue: €49.7m (up 22% from FY 2021). Net income: €1.96m (up 23% from FY 2021). Profit margin: 3.9% (in line with FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 6.9% growth forecast for the Machinery industry in Italy. Board Change • Nov 16
No independent directors 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. No independent directors (7 non-independent directors). CEO & Member of Board of Administration Gabriele Bonfiglioli was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €0 (vs €0.16 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.16 in 1H 2021). Revenue: €25.9m (up 30% from 1H 2021). Net income: €926.3k (down 11% from 1H 2021). Profit margin: 3.6% (down from 5.2% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Machinery industry in Italy. Duyuru • Jul 23
Marzocchi Pompe S.p.A. to Report First Half, 2022 Results on Jul 26, 2022 Marzocchi Pompe S.p.A. announced that they will report first half, 2022 results on Jul 26, 2022 Upcoming Dividend • May 02
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (1.2%). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). CEO & Member of Board of Administration Gabriele Bonfiglioli was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 03
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €20.8m (up 33% from 1H 2020). Net income: €1.03m (up €1.96m from 1H 2020). Profit margin: 5.0% (up from net loss in 1H 2020). Upcoming Dividend • May 03
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 1.6%. Lower than top quartile of Italian dividend payers (3.8%). Higher than average of industry peers (1.0%). Reported Earnings • Apr 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €34.8m (down 13% from FY 2019). Net income: €229.0k (up 13% from FY 2019). Profit margin: 0.7% (up from 0.5% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Nov 17
New 90-day low: €2.06 The company is down 39% from its price of €3.40 on 19 August 2020. The Italian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.47 per share. Is New 90 Day High Low • Oct 27
New 90-day low: €2.46 The company is down 27% from its price of €3.36 on 29 July 2020. The Italian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.27 per share. Is New 90 Day High Low • Oct 07
New 90-day low: €2.60 The company is down 30% from its price of €3.72 on 09 July 2020. The Italian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.67 per share. Is New 90 Day High Low • Sep 19
New 90-day low: €3.18 The company is down 16% from its price of €3.78 on 19 June 2020. The Italian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.88 per share.