Upcoming Dividend • May 04
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Italian dividend payers (4.5%). Higher than average of industry peers (3.6%). Reported Earnings • Apr 26
Full year 2025 earnings released Full year 2025 results: Revenue: €19.8m (up 11% from FY 2024). Net income: €1.12m (up 7.7% from FY 2024). Profit margin: 5.6% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.31, the stock trades at a trailing P/E ratio of 9.3x. Average forward P/E is 15x in the Packaging industry in Europe. Total loss to shareholders of 2.2% over the past three years. Declared Dividend • Apr 01
Dividend reduced to €0.03 Dividend of €0.03 is 51% lower than last year. Ex-date: 11th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.7%, which is lower than the industry average of 2.9%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 11% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Mar 31
Saccheria F.lli Franceschetti S.p.A. announces Annual dividend, payable on May 13, 2026 Saccheria F.lli Franceschetti S.p.A. announced Annual dividend of EUR 0.0300 per share payable on May 13, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. New Risk • Jan 07
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 2.0% 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 Dividend is not well covered by cash flows (106% cash payout ratio). Share price has been volatile over the past 3 months (2.0% average weekly change). Market cap is less than US$100m (€9.98m market cap, or US$11.7m). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.35, the stock trades at a trailing P/E ratio of 9.6x. Average forward P/E is 13x in the Packaging industry in Europe. Total loss to shareholders of 17% over the past three years. New Risk • Oct 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 106% Dividend yield: 5.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Market cap is less than US$100m (€9.80m market cap, or US$11.4m). New Risk • Aug 19
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 5.4% 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 (5.4% average weekly change). Market cap is less than US$100m (€9.71m market cap, or US$11.4m). New Risk • Jul 16
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 5.5% 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 (5.5% average weekly change). Market cap is less than US$100m (€9.63m market cap, or US$11.2m). Upcoming Dividend • May 05
Upcoming dividend of €0.061 per share Eligible shareholders must have bought the stock before 12 May 2025. Payment date: 14 May 2025. Trailing yield: 3.7%. Lower than top quartile of Italian dividend payers (5.5%). In line with average of industry peers (3.4%). Duyuru • Apr 09
Saccheria F.lli Franceschetti S.p.A., Annual General Meeting, Apr 24, 2025 Saccheria F.lli Franceschetti S.p.A., Annual General Meeting, Apr 24, 2025, at 15:00 W. Europe Standard Time. Board Change • Apr 08
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. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). President of the Board of Directors Luigi Franceschetti was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • Mar 26
Dividend increased to €0.061 Dividend of €0.061 is 45% higher than last year. Ex-date: 12th May 2025 Payment date: 14th May 2025 Dividend yield will be 5.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 58% to shift the payout ratio to a potentially unsustainable range, which is more than the 24% EPS decline seen over the last year. Duyuru • Mar 25
Saccheria F.lli Franceschetti S.p.A. announces Annual dividend, payable on May 14, 2025 Saccheria F.lli Franceschetti S.p.A. announced Annual dividend of EUR 0.0610 per share payable on May 14, 2025, ex-date on May 12, 2025 and record date on May 13, 2025. New Risk • Nov 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.54m (US$9.91m) 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. This is currently the only risk that has been identified for the company. New Risk • Oct 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 17,204% 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 (17,204% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€9.65m market cap, or US$10.6m). Upcoming Dividend • May 06
Upcoming dividend of €0.042 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Trailing yield: 3.7%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (3.4%). Price Target Changed • Apr 16
Price target decreased by 22% to €2.30 Down from €2.95, the current price target is provided by 1 analyst. New target price is 84% above last closing price of €1.25. Stock is down 21% over the past year. The company posted earnings per share of €0.14 last year. 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 Revenue has declined by 8.5% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (€11.1m market cap, or US$11.8m). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.28, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 14x in the Packaging industry in Europe. Total loss to shareholders of 8.8% over the past year. Upcoming Dividend • Jan 08
Upcoming dividend of €0.043 per share at 3.2% yield Eligible shareholders must have bought the stock before 15 January 2024. Payment date: 17 January 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €1.15, the stock trades at a trailing P/E ratio of 8x. Average forward P/E is 12x in the Packaging industry in Europe. Buying Opportunity • Nov 28
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be €1.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last year. Earnings per share has grown by 40%. New Risk • Nov 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 5.5% 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 Risks Revenue has declined by 8.5% over the past year. Market cap is less than US$10m (€6.90m market cap, or US$7.51m). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (5.5% average weekly change). Buying Opportunity • Nov 10
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be €1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last year. Earnings per share has grown by 40%. New Risk • Oct 05
New major risk - Revenue and earnings growth Revenue has declined by 8.2% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Revenue has declined by 8.2% over the past year. Market cap is less than US$10m (€8.85m market cap, or US$9.31m). Minor Risk Short dividend paying track record (less than a year of continuous dividend payments). New Risk • Jul 14
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 5.1% 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: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (€12.7m market cap, or US$14.3m).