Smart Capital SpA (MIL:SMCAP) Retained Earnings: €11.54 Mil (As of Dec. 2025)

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MIL:SMCAP Smart Capital SpA MIL:SMCAP
9 GF Score
Price €1.55
! 4 Warning Signs
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What is Smart Capital SpA Retained Earnings?

Smart Capital SpA MIL:SMCAP 9 Retained Earnings is €11.54 Mil as of Dec. 2025. GuruFocus rates MIL:SMCAP with a GF Score™ of 9/100. The stock has 4 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Smart Capital SpA's retained earnings for the quarter that ended in Dec. 2025 was €11.54 Mil.

Smart Capital SpA's quarterly retained earnings increased from Dec. 2024 (€2.74 Mil) to Jun. 2025 (€2.76 Mil) and increased from Jun. 2025 (€2.76 Mil) to Dec. 2025 (€11.54 Mil).

Smart Capital SpA's annual retained earnings increased from Dec. 2023 (€0.98 Mil) to Dec. 2024 (€2.74 Mil) and increased from Dec. 2024 (€2.74 Mil) to Dec. 2025 (€11.54 Mil).

Smart Capital SpA  (MIL:SMCAP) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Smart Capital SpA Retained Earnings Historical Data

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The historical data trend for Smart Capital SpA's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Smart Capital SpA Retained Earnings Chart

Smart Capital SpA Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Retained Earnings
0.54 0.98 2.74 11.54

Smart Capital SpA Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Retained Earnings Get a 7-Day Free Trial 0.98 1.80 2.74 2.76 11.54
MIL:SMCAP
9GF Score
Smart Capital SpA MIL:SMCAP
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Smart Capital SpA Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of €11.54 Mil mean?
Smart Capital SpA (MIL:SMCAP) has a Retained Earnings of €11.54 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Smart Capital SpA and its competitors.
Is Smart Capital SpA's Retained Earnings too high?
Smart Capital SpA's current Retained Earnings is €11.54 Mil. Overall, Smart Capital SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Smart Capital SpA's Retained Earnings compare to BLK and BX?
Smart Capital SpA's Retained Earnings of €11.54 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Asset Management company?
A good Retained Earnings depends on the Asset Management industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Smart Capital SpA and its competitors. Smart Capital SpA's current Retained Earnings is €11.54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Capital SpA stock overvalued right now?
Smart Capital SpA (MIL:SMCAP) has a current Retained Earnings of €11.54 Mil. The current Retained Earnings is €11.54 Mil. Smart Capital SpA's overall GF Score™ is 9/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Smart Capital SpA (MIL:SMCAP), the current Retained Earnings is €11.54 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Smart Capital SpA Business Description

Address Via Carlo Alberto, 11, Monza, ITA, 20900
Smart Capital SpA is a permanent capital industrial holding company specializing in private investments in public equity (PIPE) and private equity, focusing on small and medium-sized Italian companies, listed, unlisted or in the pre-IPO phase, operating both in Italy and abroad. It is characterized, also in its investment approach, by an entrepreneurial and longterm DNA. The company's main activity consists of acquiring shares and other financial instruments that allow the purchase or subscription of shares, including in the context of capital increases, at the time of listing or subsequently (such as the PIPE), reserved placements, public subscription and sale offers.
9GF Score

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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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