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ALLCORE SPA (CORE.MI) Stock Fundamental Analysis

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

1.535  +0.01 (+0.99%)

Fundamental Rating

5

Overall CORE gets a fundamental rating of 5 out of 10. We evaluated CORE against 27 industry peers in the Professional Services industry. CORE has only an average score on both its financial health and profitability. CORE is growing strongly while it is still valued neutral. This is a good combination! 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.
CORE had a positive operating cash flow in 4 of the past 5 years.
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.
Looking at the Return On Equity, with a value of 5.95%, CORE is in line with its industry, outperforming 48.15% of the companies in the same industry.
CORE's Return On Invested Capital of 7.68% is in line compared to the rest of the industry. CORE outperforms 59.26% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CORE is below the industry average of 11.35%.
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

CORE has a Profit Margin of 2.30%. This is comparable to the rest of the industry: CORE outperforms 55.56% of its industry peers.
In the last couple of years the Profit Margin of CORE has declined.
CORE has a better Operating Margin (6.41%) than 62.96% of its industry peers.
CORE's Operating Margin has improved in the last couple of years.
CORE has a Gross Margin (25.30%) which is in line with its industry peers.
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

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CORE is destroying value.
The number of shares outstanding for CORE has been reduced compared to 1 year ago.
Compared to 1 year ago, CORE has a worse debt to assets ratio.
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

CORE has an Altman-Z score of 2.21. This is not the best score and indicates that CORE is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.21, CORE perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
CORE has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.01, CORE belongs to the top 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 2.21
ROIC/WACC0.92
WACC8.34%
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.
Looking at the Current ratio, with a value of 1.17, CORE is in line with its industry, outperforming 59.26% of the companies in the same industry.
CORE has a Quick Ratio of 1.17. This is a normal value and indicates that CORE is financially healthy and should not expect problems in meeting its short term obligations.
CORE has a Quick ratio of 1.17. This is in the better half of the industry: CORE outperforms 62.96% of its industry peers.
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

The earnings per share for CORE have decreased strongly by -48.47% in the last year.
The Earnings Per Share has been growing by 11.91% on average over the past years. This is quite good.
CORE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.83%.
The Revenue has been growing by 27.09% on average over the past years. This is a very strong growth!
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 quite strong growth in Earnings Per Share. The EPS will grow by 17.56% on average per year.
The Revenue is expected to grow by 12.65% on average over the next years. This is quite good.
EPS Next Y-46.07%
EPS Next 2Y14.17%
EPS Next 3Y21.34%
EPS Next 5Y17.56%
Revenue Next Year16.2%
Revenue Next 2Y11.82%
Revenue Next 3Y11.91%
Revenue Next 5Y12.65%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 25.58, the valuation of CORE can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of CORE indicates a somewhat cheap valuation: CORE is cheaper than 66.67% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 23.99. CORE is around the same levels.
CORE is valuated cheaply with a Price/Forward Earnings ratio of 6.49.
96.30% of the companies in the same industry are more expensive than CORE, based on the Price/Forward Earnings ratio.
CORE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.35.
Industry RankSector Rank
PE 25.58
Fwd PE 6.49
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

Based on the Enterprise Value to EBITDA ratio, CORE is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.84
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

A more expensive valuation may be justified as CORE's earnings are expected to grow with 21.34% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y14.17%
EPS Next 3Y21.34%

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7

5. Dividend

5.1 Amount

CORE has a Yearly Dividend Yield of 5.16%, which is a nice return.
Compared to an average industry Dividend Yield of 3.12, CORE pays a better dividend. On top of this CORE pays more dividend than 88.89% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, CORE pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.16%

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 2Y14.17%
EPS Next 3Y21.34%
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 (5/7/2025, 7:00:00 PM)

1.535

+0.01 (+0.99%)

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 Cap23.04M
Analysts85
Price Target3.01 (96.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.16%
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)-30.69%
EPS NY rev (3m)-30.69%
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 25.58
Fwd PE 6.49
P/S 0.56
P/FCF N/A
P/OCF N/A
P/B 1.44
P/tB 3.1
EV/EBITDA 4.84
EPS(TTM)0.06
EY3.91%
EPS(NY)0.24
Fwd EY15.42%
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 2.21
F-Score3
WACC8.34%
ROIC/WACC0.92
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-46.07%
EPS Next 2Y14.17%
EPS Next 3Y21.34%
EPS Next 5Y17.56%
Revenue 1Y (TTM)15.83%
Revenue growth 3Y27.09%
Revenue growth 5YN/A
Sales Q2Q%12.37%
Revenue Next Year16.2%
Revenue Next 2Y11.82%
Revenue Next 3Y11.91%
Revenue Next 5Y12.65%
EBIT growth 1Y-17.53%
EBIT growth 3Y31.15%
EBIT growth 5YN/A
EBIT Next Year15.69%
EBIT Next 3Y24.32%
EBIT Next 5Y17.74%
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