Duyuru • 1h
Portobello S.p.A., Annual General Meeting, Jun 23, 2026 Portobello S.p.A., Annual General Meeting, Jun 23, 2026, at 16:00 W. Europe Standard Time. New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 80% 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 Risks Negative equity (-€118m). Earnings have declined by 80% per year over the past 5 years. Market cap is less than US$10m (€7.34m market cap, or US$8.64m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). 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 Risks Negative equity (-€118m). Market cap is less than US$10m (€7.47m market cap, or US$8.79m). 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 (7.8% average weekly change). New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€13m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€13m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€119m). Market cap is less than US$10m (€6.54m market cap, or US$7.73m). Reported Earnings • Jun 13
Full year 2024 earnings released Full year 2024 results: Revenue: €73.9m (down 29% from FY 2023). Net income: €0 (up €41.0m from FY 2023). Profit margin: 0% (up from net loss in FY 2023). New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 61% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Market cap is less than US$10m (€4.73m market cap, or US$5.36m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). 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 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 (10% average weekly change). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Market cap is less than US$10m (€5.05m market cap, or US$5.75m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Mar 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.20m (US$9.93m) 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 Less than 1 year of cash runway based on free cash flow trend (-€22m free cash flow). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Market cap is less than US$10m (€9.20m market cap, or US$9.93m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Price Target Changed • May 24
Price target decreased by 34% to €17.20 Down from €26.00, the current price target is provided by 1 analyst. New target price is 150% above last closing price of €6.88. Stock is down 71% over the past year. New Risk • May 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€35.6m market cap, or US$38.6m). New Risk • Apr 12
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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (9.6% 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 (€21.4m market cap, or US$22.8m). Duyuru • Feb 21
Portobello S.p.A. has completed a Follow-on Equity Offering in the amount of €4.62735 million. Portobello S.p.A. has completed a Follow-on Equity Offering in the amount of €4.62735 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 661,050
Price\Range: €7
Transaction Features: Regulation S; Subsequent Direct Listing Duyuru • Feb 02
Portobello S.p.A. has completed a Follow-on Equity Offering in the amount of €6.9 million. Portobello S.p.A. has completed a Follow-on Equity Offering in the amount of €6.9 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 985,714
Price\Range: €7
Transaction Features: Rights Offering Price Target Changed • Nov 01
Price target decreased by 42% to €26.80 Down from €46.45, the current price target is provided by 1 analyst. New target price is 242% above last closing price of €7.84. Stock is down 57% over the past year. The company is forecast to post earnings per share of €1.80 for next year compared to €2.95 last year. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. High level of non-cash earnings (46% accrual ratio). Minor Risk Market cap is less than US$100m (€43.6m market cap, or US$46.2m). Major Estimate Revision • Jul 25
Consensus EPS estimates fall by 26% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €4.94 to €3.67. Revenue forecast unchanged from €177.8m at last update. Net income forecast to grow 11% next year vs 42% growth forecast for Media industry in Italy. Consensus price target down from €73.05 to €68.45. Share price fell 18% to €17.35 over the past week. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €17.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Media industry in Italy. Total returns to shareholders of 62% over the past three years. Price Target Changed • May 15
Price target increased by 7.8% to €76.55 Up from €71.03, the current price target is an average from 3 analysts. New target price is 231% above last closing price of €23.10. Stock is down 27% over the past year. Reported Earnings • Mar 21
Full year 2022 earnings released Full year 2022 results: Revenue: €130.5m (up 48% from FY 2021). Net income: €7.66m (down 14% from FY 2021). Profit margin: 5.9% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Media industry in Italy. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €23.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Media industry in Italy. Total returns to shareholders of 156% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to €31.30, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Media industry in Italy. Total returns to shareholders of 236% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 28% share price gain to €24.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Media industry in Italy. Total returns to shareholders of 163% over the past three years. Price Target Changed • Nov 16
Price target decreased to €71.03 Down from €80.33, the current price target is an average from 3 analysts. New target price is 296% above last closing price of €17.95. Stock is down 51% over the past year. The company is forecast to post earnings per share of €3.51 for next year compared to €2.74 last year. 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. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Director Roberto Bacchi 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 15% share price gain to €18.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Media industry in Italy. Total returns to shareholders of 103% over the past three years. Price Target Changed • Oct 13
Price target decreased to €71.03 Down from €84.00, the current price target is an average from 3 analysts. New target price is 324% above last closing price of €16.75. Stock is down 60% over the past year. The company is forecast to post earnings per share of €3.33 for next year compared to €2.74 last year. Major Estimate Revision • Sep 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €4.09 to €3.33. Revenue forecast unchanged from €136.8m at last update. Net income forecast to grow 84% next year vs 83% growth forecast for Media industry in Italy. Consensus price target down from €84.00 to €80.33. Share price fell 22% to €18.50 over the past week. Reported Earnings • Sep 21
First half 2022 earnings released: EPS: €0 (vs €1.35 in 1H 2021) First half 2022 results: EPS: €0 (down from €1.35 in 1H 2021). Revenue: €49.0m (up 67% from 1H 2021). Net income: €3.92m (down 11% from 1H 2021). Profit margin: 8.0% (down from 15% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Media industry in Italy. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €19.55, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Media industry in Italy. Total returns to shareholders of 210% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €22.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Media industry in Italy. Total returns to shareholders of 286% over the past three years. 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. 7 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Fabio Pignatelli was the last independent 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: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Apr 24
Deputy Chairman & CEO recently bought €69k worth of stock On the 21st of April, Simone Prete bought around 2k shares on-market at roughly €35.17 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Simone has been a net seller over the last 12 months, reducing personal holdings by €1.5m. Duyuru • Apr 23
Portobello S.p.A. to Report Q1, 2022 Results on May 12, 2022 Portobello S.p.A. announced that they will report Q1, 2022 results After-Market on May 12, 2022 Reported Earnings • Apr 18
Full year 2021 earnings released: EPS: €2.74 (vs €2.12 in FY 2020) Full year 2021 results: EPS: €2.74 (up from €2.12 in FY 2020). Revenue: €88.2m (up 38% from FY 2020). Net income: €8.85m (up 49% from FY 2020). Profit margin: 10.0% (in line with FY 2020). Over the next year, revenue is forecast to grow 55%, compared to a 16% growth forecast for the retail industry in Italy. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €32.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Retail Distributors industry in Europe. Total returns to shareholders of 521% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €28.80, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 12x in the Retail Distributors industry in Europe. Total returns to shareholders of 500% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 15% share price gain to €41.30, the stock trades at a trailing P/E ratio of 19.3x. Average forward P/E is 14x in the Retail Distributors industry in Europe. Total returns to shareholders of 1,222% over the past three years. Recent Insider Transactions • Oct 20
Insider recently bought €1.6m worth of stock On the 13th of October, Roberto Panfili bought around 38k shares on-market at roughly €42.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €642k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 24
First half 2021 earnings released: EPS €1.35 (vs €1.24 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: €29.4m (up 23% from 1H 2020). Net income: €4.38m (up 29% from 1H 2020). Profit margin: 15% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 11
Price target increased to €69.87 Up from €63.30, the current price target is an average from 3 analysts. New target price is 59% above last closing price of €44.00. Stock is up 230% over the past year. Recent Insider Transactions • Aug 06
VP of the Board & CEO recently sold €1.6m worth of stock On the 2nd of August, Simone Prete sold around 38k shares on-market at roughly €40.94 per share. This was the largest sale by an insider in the last 3 months. This was Simone's only on-market trade for the last 12 months. Duyuru • Jun 10
Portobello S.p.A. has completed a Follow-on Equity Offering in the amount of €9.999982 million. Portobello S.p.A. has completed a Follow-on Equity Offering in the amount of €9.999982 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 243,902
Price\Range: €41
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • May 13
Investor sentiment improved over the past week After last week's 18% share price gain to €43.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Retail Distributors industry in Europe. Total returns to shareholders of 337% over the past year. Reported Earnings • Apr 24
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €64.0m (up 39% from FY 2019). Net income: €5.95m (up 25% from FY 2019). Profit margin: 9.3% (down from 10% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improved over the past week After last week's 24% share price gain to €36.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Retail Distributors industry in Europe. Total returns to shareholders of 297% over the past year. Reported Earnings • Mar 19
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €64.0m (up 39% from FY 2019). Net income: €5.95m (up 25% from FY 2019). Profit margin: 9.3% (down from 10% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 25% share price gain to €23.00, the stock trades at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.3x. Average P/E is 17x in the Retail Distributors industry in Europe. Total returns to shareholders over the past year are 215%. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 21% share price gain to €18.15, the stock is trading at a trailing P/E ratio of 7.1x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 17x in the Retail Distributors industry in Europe. Total returns to shareholders over the past year are 91%. Is New 90 Day High Low • Feb 16
New 90-day high: €15.65 The company is up 14% from its price of €13.75 on 18 November 2020. The Italian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: €14.95 The company is up 12% from its price of €13.30 on 21 October 2020. The Italian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: €14.15 The company is up 14% from its price of €12.45 on 04 September 2020. The Italian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Retail Distributors industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 15% share price gain to €14.00, the stock is trading at a trailing P/E ratio of 5.5x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 18x in the Retail Distributors industry in Europe. Total returns to shareholders over the past year are 58%. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of €6.99m, up 192% from the prior year. Total revenue was €50.9m over the last 12 months, up 54% from the prior year.