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ALLCORE SPA (CORE.MI) Stock Fundamental Analysis

BIT:CORE - Euronext Milan - IT0005461303 - Common Stock - Currency: EUR

1.37  -0.01 (-0.72%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CORE. CORE was compared to 30 industry peers in the Professional Services industry. CORE has only an average score on both its financial health and profitability. CORE is not priced too expensively while it is growing strongly. Keep and eye on this one! Finally CORE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year CORE was profitable.
In the past year CORE has reported a negative cash flow from operations.
CORE had positive earnings in each of the past 5 years.
Of the past 5 years CORE 4 years had a positive operating cash flow.
CORE.MI Yearly Net Income VS EBIT VS OCF VS FCFCORE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 2M -2M 4M -4M

1.2 Ratios

CORE has a Return On Assets (2.59%) which is comparable to the rest of the industry.
With a Return On Equity value of 5.95%, CORE perfoms like the industry average, outperforming 41.38% of the companies in the same industry.
CORE has a Return On Invested Capital (7.68%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for CORE is below the industry average of 11.88%.
Industry RankSector Rank
ROA 2.59%
ROE 5.95%
ROIC 7.68%
ROA(3y)5.11%
ROA(5y)8.15%
ROE(3y)9.35%
ROE(5y)27.65%
ROIC(3y)7.93%
ROIC(5y)19.48%
CORE.MI Yearly ROA, ROE, ROICCORE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 10 20 30 40 50

1.3 Margins

The Profit Margin of CORE (2.30%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CORE has declined.
CORE's Operating Margin of 6.41% is in line compared to the rest of the industry. CORE outperforms 58.62% of its industry peers.
In the last couple of years the Operating Margin of CORE has grown nicely.
The Gross Margin of CORE (25.30%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CORE has grown nicely.
Industry RankSector Rank
OM 6.41%
PM (TTM) 2.3%
GM 25.3%
OM growth 3Y3.2%
OM growth 5YN/A
PM growth 3Y-10.72%
PM growth 5YN/A
GM growth 3Y5.79%
GM growth 5YN/A
CORE.MI Yearly Profit, Operating, Gross MarginsCORE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 5 10 15 20

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CORE is destroying value.
Compared to 1 year ago, CORE has less shares outstanding
CORE has a worse debt/assets ratio than last year.
CORE.MI Yearly Shares OutstandingCORE.MI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 5M 10M
CORE.MI Yearly Total Debt VS Total AssetsCORE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 10M 20M 30M

2.2 Solvency

An Altman-Z score of 2.14 indicates that CORE is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of CORE (2.14) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.01 indicates that CORE is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.01, CORE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 2.14
ROIC/WACC0.95
WACC8.12%
CORE.MI Yearly LT Debt VS Equity VS FCFCORE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 5M 10M 15M

2.3 Liquidity

A Current Ratio of 1.17 indicates that CORE should not have too much problems paying its short term obligations.
CORE's Current ratio of 1.17 is in line compared to the rest of the industry. CORE outperforms 51.72% of its industry peers.
A Quick Ratio of 1.17 indicates that CORE should not have too much problems paying its short term obligations.
CORE has a Quick ratio (1.17) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
CORE.MI Yearly Current Assets VS Current LiabilitesCORE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 5M 10M 15M 20M

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7

3. Growth

3.1 Past

CORE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.47%.
Measured over the past years, CORE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.91% on average per year.
The Revenue has grown by 15.83% in the past year. This is quite good.
Measured over the past years, CORE shows a very strong growth in Revenue. The Revenue has been growing by 27.09% on average per year.
EPS 1Y (TTM)-48.47%
EPS 3Y11.91%
EPS 5YN/A
EPS Q2Q%-34.29%
Revenue 1Y (TTM)15.83%
Revenue growth 3Y27.09%
Revenue growth 5YN/A
Sales Q2Q%12.37%

3.2 Future

Based on estimates for the next years, CORE will show a very strong growth in Earnings Per Share. The EPS will grow by 21.78% on average per year.
Based on estimates for the next years, CORE will show a quite strong growth in Revenue. The Revenue will grow by 13.45% on average per year.
EPS Next Y-22.19%
EPS Next 2Y18.04%
EPS Next 3Y21.78%
EPS Next 5YN/A
Revenue Next Year16.2%
Revenue Next 2Y15.96%
Revenue Next 3Y14.33%
Revenue Next 5Y13.45%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
CORE.MI Yearly Revenue VS EstimatesCORE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
CORE.MI Yearly EPS VS EstimatesCORE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 22.83 indicates a rather expensive valuation of CORE.
CORE's Price/Earnings is on the same level as the industry average.
CORE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
With a Price/Forward Earnings ratio of 5.42, the valuation of CORE can be described as very cheap.
Based on the Price/Forward Earnings ratio, CORE is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
CORE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 22.83
Fwd PE 5.42
CORE.MI Price Earnings VS Forward Price EarningsCORE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

86.21% of the companies in the same industry are more expensive than CORE, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.21
CORE.MI Per share dataCORE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

CORE's earnings are expected to grow with 21.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.04%
EPS Next 3Y21.78%

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7

5. Dividend

5.1 Amount

CORE has a Yearly Dividend Yield of 4.48%, which is a nice return.
CORE's Dividend Yield is rather good when compared to the industry average which is at 2.84. CORE pays more dividend than 86.21% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, CORE pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.48%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

31.00% of the earnings are spent on dividend by CORE. This is a low number and sustainable payout ratio.
DP31%
EPS Next 2Y18.04%
EPS Next 3Y21.78%
CORE.MI Yearly Income VS Free CF VS DividendCORE.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 0 2M -2M -4M
CORE.MI Dividend Payout.CORE.MI Dividend Payout, showing the Payout Ratio.CORE.MI Dividend Payout.PayoutRetained Earnings

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ALLCORE SPA

BIT:CORE (3/3/2025, 7:00:00 PM)

1.37

-0.01 (-0.72%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners9.9%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap20.56M
Analysts85
Price Target3.01 (119.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.48%
Yearly Dividend0.1
Dividend Growth(5Y)N/A
DP31%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 22.83
Fwd PE 5.42
P/S 0.5
P/FCF N/A
P/OCF N/A
P/B 1.29
P/tB 2.77
EV/EBITDA 4.21
EPS(TTM)0.06
EY4.38%
EPS(NY)0.25
Fwd EY18.46%
FCF(TTM)-0.25
FCFYN/A
OCF(TTM)0
OCFYN/A
SpS2.75
BVpS1.06
TBVpS0.49
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.59%
ROE 5.95%
ROCE 11.29%
ROIC 7.68%
ROICexc 10.16%
ROICexgc 19.58%
OM 6.41%
PM (TTM) 2.3%
GM 25.3%
FCFM N/A
ROA(3y)5.11%
ROA(5y)8.15%
ROE(3y)9.35%
ROE(5y)27.65%
ROIC(3y)7.93%
ROIC(5y)19.48%
ROICexc(3y)15.98%
ROICexc(5y)46.73%
ROICexgc(3y)26.09%
ROICexgc(5y)N/A
ROCE(3y)11.68%
ROCE(5y)29.55%
ROICexcg growth 3Y-81.61%
ROICexcg growth 5YN/A
ROICexc growth 3Y-54.05%
ROICexc growth 5YN/A
OM growth 3Y3.2%
OM growth 5YN/A
PM growth 3Y-10.72%
PM growth 5YN/A
GM growth 3Y5.79%
GM growth 5YN/A
F-Score3
Asset Turnover1.13
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Debt/EBITDA 0.06
Cap/Depr 276.94%
Cap/Sales 8.78%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.17
Quick Ratio 1.17
Altman-Z 2.14
F-Score3
WACC8.12%
ROIC/WACC0.95
Cap/Depr(3y)635.41%
Cap/Depr(5y)448.36%
Cap/Sales(3y)10.68%
Cap/Sales(5y)7.2%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-48.47%
EPS 3Y11.91%
EPS 5YN/A
EPS Q2Q%-34.29%
EPS Next Y-22.19%
EPS Next 2Y18.04%
EPS Next 3Y21.78%
EPS Next 5YN/A
Revenue 1Y (TTM)15.83%
Revenue growth 3Y27.09%
Revenue growth 5YN/A
Sales Q2Q%12.37%
Revenue Next Year16.2%
Revenue Next 2Y15.96%
Revenue Next 3Y14.33%
Revenue Next 5Y13.45%
EBIT growth 1Y-17.53%
EBIT growth 3Y31.15%
EBIT growth 5YN/A
EBIT Next Year12.75%
EBIT Next 3Y24.32%
EBIT Next 5Y18.54%
FCF growth 1Y-1.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y60.67%
OCF growth 3Y-17.55%
OCF growth 5YN/A