On 01st August 2023 Green Oleo S.p.A. announces that it has received from Borsa Italiana the order for the admission of the Company’s Ordinary Shares and Warrants on “Euronext Growth Milan”, a multilateral negotiations system organized and managed by Borsa Italiana. Negotiations began on 03rd July 2023.
The total equivalent of the resources collected through the placement is equal to Euro 2,00 millions.
The enterprise iVision Tech S.p.A. è una PMI Innovativa e realtà d’eccellenza del manufacturing «Made in Italy» attiva nella progettazione e produzione di montature di occhiali da vista e occhiali da sole in acetato, nonché di occhiali combinati.
Ultima Ricerca iVision Tech S.p.A.
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UPDATE – 22.04.2024
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At the close of the financial year FY23A, the value of production amounted to € 10.52 million, slightly down (-0.6%) on the result recorded for the previous year, equal to € 10.58 million. EBITDA came in at € 2.13 million, marking an increase of 56.7% compared to € 1.36 million in the previous period. Consequently, the EBITDA margin (calculated on the value of production) came in at a value of 20.3%, a strong improvement compared to 12.9% in FY22A. Adjusted EBITDA amounted to € 1.45 million, showing a clear improvement on the FY22A figure of € 0.66 million. The Adjusted EBITDA margin was 13.8%. EBIT was € 0.48 million, compared to the FY22A figure amounting to € 0.30 million. Net Income was € 0.13 million, compared to the € 0.28 million recorded at the end of the previous financial year. The NFP is € 2.71 million, an improvement on the FY22A figure of € 3.02 million.
In light of the results published in the annual report for FY23A, we have slightly adjusted our estimates for both the current year and the following years. In particular, we estimate a value of production for FY24E equal to € 18.10 million, and an Adjusted EBITDA equal to € 3.15 million, corresponding to a margin of 17.4%. In the following years, we expect the value of production to reach € 27.20 million (CAGR 23A-26E: 37.3%) in FY26E, with Adjusted EBITDA equal to € 5.45 million (corresponding to a margin of 20.0%), up from € 1.45 million in FY23A (corresponding to an Adjusted EBITDA margin of 13.8%).
We conducted our valuation of the equity value of iVision Tech based on the DCF method and multiples of a sample of comparable companies. The DCF method (including, for prudential purposes, a specific risk of 2.5% in the calculation of the WACC) returned an equity value of € 21.7 million. Using market multiples, the equity value of iVision Tech was calculated to be € 24.2 million (including a 25% discount). The results give an average equity value of € 22.9 million. The target price is € 3.30, with a BUY rating and MEDIUM risk.
Ultime Ricerche iVision Tech S.p.A.
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UPDATE – 22.04.2024
At the close of the financial year FY23A, the value of produ...
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UPDATE – 17.10.2023
At the end of the first half of 2023, the value of productio...
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BREAKING NEWS – 26.09.2023
In a press release of September 22, 2023, iVision Tech, an I...