Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €2.40, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 25% over the past three years. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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: Major Risk Market cap is less than US$10m (€7.96m market cap, or US$9.37m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.78, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 13x in the Diversified Financial industry in Italy. Total loss to shareholders of 57% over the past three years. New Risk • Sep 30
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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€8.51m market cap, or US$9.99m). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to €2.02, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 10x in the Diversified Financial industry in Italy. Total loss to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.58, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 66% over the past three years. New Risk • Apr 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: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€6.19m market cap, or US$7.05m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.32, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 7x in the Diversified Financial industry in Italy. Total loss to shareholders of 75% over the past three years. New Risk • Mar 28
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 8.0% 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 Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$10m (€6.87m market cap, or US$7.43m). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €2.52, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 7x in the Diversified Financial industry in Italy. Total loss to shareholders of 62% over the past three years. New Risk • Jul 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.19m (US$9.97m) This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$10m (€9.19m market cap, or US$9.97m). Buy Or Sell Opportunity • Jul 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to €2.28. The fair value is estimated to be €2.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 87% over the last 3 years. Earnings per share has grown by 78%. Buy Or Sell Opportunity • Jul 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €2.34. The fair value is estimated to be €2.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 87% over the last 3 years. Earnings per share has grown by 78%. Reported Earnings • Jun 04
Full year 2023 earnings released: EPS: €0.59 (vs €0.68 in FY 2022) Full year 2023 results: EPS: €0.59 (down from €0.68 in FY 2022). Revenue: €47.1m (down 5.9% from FY 2022). Net income: €2.48m (down 13% from FY 2022). Profit margin: 5.3% (down from 5.7% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Duyuru • May 15
Met.Extra Group S.p.A., Annual General Meeting, Jun 21, 2024 Met.Extra Group S.p.A., Annual General Meeting, Jun 21, 2024, at 11:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.80, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 56% over the past three years. New Risk • Apr 15
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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€10.6m market cap, or US$11.3m). Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.86, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €3.70, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €2.82, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.84, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 64% over the past three years. New Risk • Dec 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.10m (US$9.78m) This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$10m (€9.10m market cap, or US$9.78m). New Risk • Jun 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Shareholders have been substantially diluted in the past year (211% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€14.7m market cap, or US$16.1m). Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Marialaura De Simoni is the most experienced director on the board, commencing their role in 2018. Independent Director Chiara Bisaglia was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 15% share price gain to €4.03, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 9x in the Diversified Financial industry in Italy. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €3.30, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 8x in the Diversified Financial industry in Italy. Total loss to shareholders of 34% over the past three years. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Member of Board of Statutory Auditors Marco Bianconi is the most experienced director on the board, commencing their role in 2016. Independent Director Simona Cardillo was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 28
First half 2021 earnings released The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: €282.0k (down 23% from 1H 2020). Net loss: €7.5k (loss narrowed 76% from 1H 2020).