Price Target Changed • Apr 25
Price target increased by 8.4% to €15.34 Up from €14.15, the current price target is an average from 4 analysts. New target price is 36% above last closing price of €11.28. Stock is up 46% over the past year. Reported Earnings • Apr 16
Full year 2025 earnings released Full year 2025 results: Net income: €5.22m (up 80% from FY 2024). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in Italy. Duyuru • Apr 15
Redelfi S.p.A., Annual General Meeting, Apr 30, 2026 Redelfi S.p.A., Annual General Meeting, Apr 30, 2026, at 11:00 W. Europe Standard Time. Location: genova Italy New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.8% 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 (9.4% operating cash flow to total debt). Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (€2.6m revenue, or US$3.1m). New Risk • Nov 29
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 7.4% 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 Debt is not well covered by operating cash flow (9.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.4% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (€2.6m revenue, or US$3.0m). Major Estimate Revision • Oct 17
Consensus EPS estimates fall by 29%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €26.5m to €26.9m. EPS estimate fell from €0.55 to €0.39 per share. Net income forecast to grow 195% next year vs 55% growth forecast for IT industry in Italy. Consensus price target up from €11.70 to €13.99. Share price rose 13% to €9.78 over the past week. Price Target Changed • Oct 14
Price target increased by 10% to €12.89 Up from €11.70, the current price target is an average from 3 analysts. New target price is 52% above last closing price of €8.50. Stock is up 40% over the past year. Price Target Changed • Oct 13
Price target increased by 13% to €12.31 Up from €10.94, the current price target is an average from 3 analysts. New target price is 42% above last closing price of €8.65. Stock is up 38% over the past year. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.97, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Italy. Total returns to shareholders of 1,156% over the past three years. New Risk • Oct 03
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 6.0% 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: Major Risk Debt is not well covered by operating cash flow (6.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (€2.6m revenue, or US$3.1m). New Risk • Sep 25
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: €2.6m (US$3.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Risk Debt is not well covered by operating cash flow (6.9% operating cash flow to total debt). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (€2.6m revenue, or US$3.0m). Duyuru • Jul 23
An undisclosed buyer acquired an unknown minority stake in Cerlab S.r.l. from Redelfi S.p.A. (BIT:RDF). An undisclosed buyer acquired an unknown minority stake in Cerlab S.r.l. from Redelfi S.p.A. (BIT:RDF) on July 22, 2025.
An undisclosed buyer completed the acquisition of an unknown minority stake in Cerlab S.r.l. from Redelfi S.p.A. (BIT:RDF) on July 22, 2025. New Risk • May 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% 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 (5.4% operating cash flow to total debt). High level of non-cash earnings (50% accrual ratio). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Apr 14
Full year 2024 earnings released Full year 2024 results: Revenue: €4.42m (up 22% from FY 2023). Net income: €2.90m (up 29% from FY 2023). Profit margin: 66% (up from 62% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Italy. Duyuru • Apr 14
Redelfi S.p.A., Annual General Meeting, Apr 29, 2025 Redelfi S.p.A., Annual General Meeting, Apr 29, 2025, at 11:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the IT industry in Italy. Total returns to shareholders of 6.5% over the past year. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €5.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the IT industry in Italy. Total loss to shareholders of 7.3% over the past year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €4.58, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the IT industry in Italy. Total returns to shareholders of 11% over the past year. Price Target Changed • Oct 07
Price target increased by 7.1% to €10.11 Up from €9.44, the current price target is an average from 2 analysts. New target price is 73% above last closing price of €5.85. Stock is up 37% over the past year. The company posted earnings per share of €0.27 last year. Reported Earnings • Sep 27
First half 2024 earnings released: EPS: €0.35 (vs €0.17 in 1H 2023) First half 2024 results: EPS: €0.35 (up from €0.17 in 1H 2023). Net income: €2.88m (up 110% from 1H 2023). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Italy. New Risk • Sep 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risks Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Revenue is less than US$5m (€2.1m revenue, or US$2.4m). Market cap is less than US$100m (€51.6m market cap, or US$57.5m). Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €5.90, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 21x in the IT industry in Italy. Total returns to shareholders of 65% over the past year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €3.88, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 18x in the IT industry in Italy. Total returns to shareholders of 80% over the past year. New Risk • Aug 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor 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 Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Revenue is less than US$5m (€3.6m revenue, or US$3.9m). Market cap is less than US$100m (€37.5m market cap, or US$40.9m). Price Target Changed • May 22
Price target increased by 25% to €9.44 Up from €7.56, the current price target is an average from 2 analysts. New target price is 62% above last closing price of €5.81. Stock is up 206% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €6.60, the stock trades at a trailing P/E ratio of 22.5x. Average forward P/E is 20x in the IT industry in Italy. Total returns to shareholders of 568% over the past year. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €6.96, the stock trades at a trailing P/E ratio of 23.7x. Average forward P/E is 20x in the IT industry in Italy. Total returns to shareholders of 591% over the past year. Price Target Changed • Dec 21
Price target increased by 19% to €6.89 Up from €5.78, the current price target is an average from 3 analysts. New target price is 15% above last closing price of €6.00. Stock is up 491% over the past year. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.62, the stock trades at a trailing P/E ratio of 22.6x. Average forward P/E is 19x in the IT industry in Italy. Total returns to shareholders of 560% over the past year. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to €5.24, the stock trades at a trailing P/E ratio of 17.9x. Average forward P/E is 18x in the IT industry in Italy. Total returns to shareholders of 404% over the past year. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €3.36, the stock trades at a trailing P/E ratio of 11.4x. Average forward P/E is 16x in the IT industry in Italy. Total returns to shareholders of 310% over the past year. Price Target Changed • Oct 16
Price target increased by 21% to €5.78 Up from €4.79, the current price target is an average from 3 analysts. New target price is 42% above last closing price of €4.06. Stock is up 399% over the past year. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €3.90, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 17x in the IT industry in Italy. Total returns to shareholders of 412% over the past year. Reported Earnings • Sep 27
First half 2023 earnings released First half 2023 results: Net income: €1.37m (up €1.37m from 1H 2022). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Italy. New Risk • Jul 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.4% net profit margin). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (€4.1m revenue, or US$4.4m). Market cap is less than US$100m (€17.8m market cap, or US$19.3m). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €2.40, the stock trades at a trailing P/E ratio of 77x. Average forward P/E is 18x in the IT industry in Italy. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.21, the stock trades at a trailing P/E ratio of 70.9x. Average forward P/E is 17x in the IT industry in Italy. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.47, the stock trades at a trailing P/E ratio of 47.2x. Average forward P/E is 18x in the IT industry in Italy. Duyuru • Jun 10
Redelfi S.p.A. has completed an IPO in the amount of €3 million. Redelfi S.p.A. has completed an IPO in the amount of €3 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,400,000
Price\Range: €1.25
Transaction Features: Direct Listing