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Davide Campari-Milano

WBAG:CPR
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CPR
WBAG
€10B
Market Cap
  1. Home
  2. AT
  3. Food, Beverage & Tobacco
Company description

Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in the Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific. The last earnings update was 26 days ago. More info.


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CPR Share Price and Events
7 Day Returns
-1.4%
WBAG:CPR
0%
Europe Beverage
3.4%
AT Market
1 Year Returns
37.4%
WBAG:CPR
6%
Europe Beverage
-2%
AT Market
CPR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Davide Campari-Milano (CPR) -1.4% 2.6% 8.5% 37.4% - -
Europe Beverage 0% 3.6% 18.5% 6% 1.2% 37.6%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • CPR outperformed the Beverage industry which returned 6% over the past year.
  • CPR outperformed the Market in Austria which returned -2% over the past year.
Price Volatility
CPR
Industry
5yr Volatility vs Market

Value

 Is Davide Campari-Milano undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Davide Campari-Milano to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Davide Campari-Milano.

WBAG:CPR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:CPR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 24%) (15.16%))
0.782
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.8 * 9.02%)
7.73%

Discounted Cash Flow Calculation for WBAG:CPR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Davide Campari-Milano is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:CPR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.73%)
2019 266.59 Analyst x12 247.47
2020 297.31 Analyst x11 256.19
2021 324.65 Analyst x8 259.69
2022 396.00 Analyst x2 294.04
2023 421.00 Analyst x1 290.19
2024 439.69 Est @ 4.44% 281.34
2025 454.03 Est @ 3.26% 269.67
2026 465.09 Est @ 2.44% 256.43
2027 473.73 Est @ 1.86% 242.46
2028 480.61 Est @ 1.45% 228.35
Present value of next 10 years cash flows €2,625.83
WBAG:CPR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €480.61 × (1 + 0.51%) ÷ (7.73% – 0.51%)
€6,694.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,694.37 ÷ (1 + 7.73%)10
€3,180.57
WBAG:CPR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,625.83 + €3,180.57
€5,806.40
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,806.40 / 1,146.62
€5.06
WBAG:CPR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:CPR represents 1.0029x of BIT:CPR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0029x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 5.06 x 1.0029
€5.08
Value per share (EUR) From above. €5.08
Current discount Discount to share price of €8.66
= -1 x (€8.66 - €5.08) / €5.08
-70.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Davide Campari-Milano is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Davide Campari-Milano's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Davide Campari-Milano's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:CPR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.26
BIT:CPR Share Price ** BIT (2019-04-18) in EUR €8.63
Europe Beverage Industry PE Ratio Median Figure of 50 Publicly-Listed Beverage Companies 22.92x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Davide Campari-Milano.

WBAG:CPR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:CPR Share Price ÷ EPS (both in EUR)

= 8.63 ÷ 0.26

33.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Davide Campari-Milano is overvalued based on earnings compared to the Europe Beverage industry average.
  • Davide Campari-Milano is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Davide Campari-Milano's expected growth come at a high price?
Raw Data
WBAG:CPR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
6.6%per year
Europe Beverage Industry PEG Ratio Median Figure of 30 Publicly-Listed Beverage Companies 2.33x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:CPR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.64x ÷ 6.6%

5.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Davide Campari-Milano is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Davide Campari-Milano's assets?
Raw Data
WBAG:CPR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.89
BIT:CPR Share Price * BIT (2019-04-18) in EUR €8.63
Europe Beverage Industry PB Ratio Median Figure of 57 Publicly-Listed Beverage Companies 2.16x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:CPR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:CPR Share Price ÷ Book Value per Share (both in EUR)

= 8.63 ÷ 1.89

4.58x

* Primary Listing of Davide Campari-Milano.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Davide Campari-Milano is overvalued based on assets compared to the Europe Beverage industry average.
X
Value checks
We assess Davide Campari-Milano's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Davide Campari-Milano has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Davide Campari-Milano expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Davide Campari-Milano expected to grow at an attractive rate?
  • Davide Campari-Milano's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Davide Campari-Milano's earnings growth is positive but not above the Austria market average.
  • Davide Campari-Milano's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:CPR Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:CPR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 6.6%
WBAG:CPR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 5.8%
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:CPR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:CPR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,312 471 432 6
2022-12-31 2,168 443 377 7
2021-12-31 2,032 416 348 12
2020-12-31 1,915 371 312 17
2019-12-31 1,814 337 293 17
WBAG:CPR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,712 330 296
2018-09-30 1,714 324 346
2018-06-30 1,778 319 395
2018-03-31 1,797 315 376
2017-12-31 1,753 311 356
2017-09-30 1,776 300 282
2017-06-30 1,799 289 208
2017-03-31 1,763 342 187
2016-12-31 1,727 395 166
2016-09-30 1,685 415 166
2016-06-30 1,643 435 165
2016-03-31 1,650 370 170

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Davide Campari-Milano's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • Davide Campari-Milano's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:CPR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Davide Campari-Milano Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:CPR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.39 0.39 0.39 2.00
2022-12-31 0.33 0.35 0.31 3.00
2021-12-31 0.30 0.33 0.27 9.00
2020-12-31 0.27 0.29 0.25 13.00
2019-12-31 0.25 0.27 0.23 12.00
WBAG:CPR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.26
2018-09-30 0.30
2018-06-30 0.35
2018-03-31 0.33
2017-12-31 0.31
2017-09-30 0.24
2017-06-30 0.17
2017-03-31 0.16
2016-12-31 0.14
2016-09-30 0.15
2016-06-30 0.15
2016-03-31 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Davide Campari-Milano is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Davide Campari-Milano's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Davide Campari-Milano has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Davide Campari-Milano performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Davide Campari-Milano's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Davide Campari-Milano has delivered over 20% year on year earnings growth in the past 5 years.
  • Davide Campari-Milano's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Davide Campari-Milano's 1-year earnings growth is negative, it can't be compared to the Europe Beverage industry average.
Earnings and Revenue History
Davide Campari-Milano's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Davide Campari-Milano Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:CPR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,711.70 296.30 608.30
2018-09-30 1,713.50 345.65 579.55
2018-06-30 1,777.90 395.00 611.60
2018-03-31 1,796.95 375.70 632.30
2017-12-31 1,753.40 356.40 592.20
2017-09-30 1,776.15 282.05 629.15
2017-06-30 1,798.90 207.70 666.10
2017-03-31 1,762.70 187.00 650.15
2016-12-31 1,726.50 166.30 634.20
2016-09-30 1,684.65 165.50 613.75
2016-06-30 1,642.80 164.70 593.30
2016-03-31 1,649.80 170.05 586.55
2015-12-31 1,656.80 175.40 579.80
2015-09-30 1,644.30 162.45 570.55
2015-06-30 1,631.80 149.50 561.30
2015-03-31 1,595.90 139.20 547.70
2014-12-31 1,560.00 128.90 534.10
2014-09-30 1,535.80 139.20 520.15
2014-06-30 1,511.60 149.50 506.20
2014-03-31 1,517.85 149.65 507.35
2013-12-31 1,524.10 149.80 508.50
2013-09-30 1,472.60 143.10 498.00
2013-06-30 1,421.10 136.40 487.50
2013-03-31 1,380.95 146.55 473.80
2012-12-31 1,340.80 156.70 460.10
2012-09-30 1,364.45 142.00 461.40
2012-06-30 1,303.40 161.80 443.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Davide Campari-Milano has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Davide Campari-Milano used its assets more efficiently than the Europe Beverage industry average last year based on Return on Assets.
  • Davide Campari-Milano has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Davide Campari-Milano's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Davide Campari-Milano has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Davide Campari-Milano's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Davide Campari-Milano's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Davide Campari-Milano is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Davide Campari-Milano's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Davide Campari-Milano's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Davide Campari-Milano Company Filings, last reported 3 months ago.

WBAG:CPR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,162.80 1,500.20 642.70
2018-09-30 2,162.80 1,500.20 642.70
2018-06-30 2,016.30 1,545.40 588.20
2018-03-31 2,016.30 1,545.40 588.20
2017-12-31 1,942.60 1,539.20 517.30
2017-09-30 1,942.60 1,539.20 517.30
2017-06-30 1,823.30 1,626.90 329.30
2017-03-31 1,823.30 1,626.90 329.30
2016-12-31 1,900.00 1,608.80 357.20
2016-09-30 1,900.00 1,608.80 357.20
2016-06-30 1,725.70 1,923.60 514.80
2016-03-31 1,725.70 1,923.60 514.80
2015-12-31 1,745.80 1,777.90 910.30
2015-09-30 1,745.80 1,777.90 910.30
2015-06-30 1,663.60 1,343.50 273.40
2015-03-31 1,663.60 1,343.50 273.40
2014-12-31 1,579.90 1,259.80 245.60
2014-09-30 1,579.90 1,259.80 245.60
2014-06-30 1,413.60 1,408.30 278.00
2014-03-31 1,413.60 1,408.30 278.00
2013-12-31 1,396.10 1,338.50 469.40
2013-09-30 1,396.10 1,338.50 469.40
2013-06-30 1,380.40 1,353.40 387.20
2013-03-31 1,380.40 1,353.40 387.20
2012-12-31 1,433.10 1,353.60 477.80
2012-09-30 1,433.10 1,353.60 477.80
2012-06-30 1,419.40 1,059.50 380.50
  • Davide Campari-Milano's level of debt (69.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (95.9% vs 69.4% today).
  • Debt is well covered by operating cash flow (22%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.9x coverage).
X
Financial health checks
We assess Davide Campari-Milano's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Davide Campari-Milano has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Davide Campari-Milano's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.58%
Current annual income from Davide Campari-Milano dividends. Estimated to be 0.68% next year.
If you bought €2,000 of Davide Campari-Milano shares you are expected to receive €12 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Davide Campari-Milano's pays a lower dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Davide Campari-Milano's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase Davide Campari-Milano before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:CPR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Europe Beverage Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:CPR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.06 1.00
2022-12-31 0.07 2.00
2021-12-31 0.06 11.00
2020-12-31 0.06 16.00
2019-12-31 0.06 17.00
WBAG:CPR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.050 0.574
2019-03-05 0.050 0.608
2018-03-19 0.050 0.704
2017-03-16 0.045 0.737
2017-02-28 0.045 0.926
2016-03-01 0.045 0.996
2015-04-30 0.040 1.094
2014-04-10 0.040 1.353
2014-03-12 0.040 1.357
2013-03-07 0.035 1.161
2012-08-03 0.035 1.191
2012-03-26 0.035 1.322
2012-03-12 0.035 1.329
2011-04-05 0.030 1.127
2011-03-21 0.030 1.284
2010-03-31 0.030 1.385
2009-06-30 0.028 1.640
2009-04-20 0.028 2.014

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Davide Campari-Milano is not paying a notable dividend for Austria, therefore no need to check if the payments are stable.
  • Davide Campari-Milano is not paying a notable dividend for Austria, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Davide Campari-Milano's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Davide Campari-Milano's dividends as it is not paying a notable one for Austria.
Future Payout to shareholders
  • No need to calculate the sustainability of Davide Campari-Milano's dividends in 3 years as they are not expected to pay a notable one for Austria.
X
Income/ dividend checks
We assess Davide Campari-Milano's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Davide Campari-Milano afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Davide Campari-Milano has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Davide Campari-Milano's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Kunze-Concewitz
COMPENSATION €4,229,945
AGE 51
TENURE AS CEO 11.9 years
CEO Bio

Mr. Robert Kunze-Concew, also known as Bob, has been Chief Executive Officer of Austin, Nichols Distilling Co., Inc. since May 2007. Mr. Kunze-Concew has been Chief Executive Officer of Davide Campari - Milano SpA since May 2007 and serves as its Managing Director. He joined Procter & Gamble, in marketing, where he occupied various positions of increasing responsibility within an international realm. Following numerous assignments in strategic planning and business ownership he became Corporate Marketing Director in the Global Prestige Products division. He joined Gruppo Campari as Group Marketing Director in October 2005 where he developed and implemented many new marketing strategies for the Group's international brands. He has been Lead Independent Director and Independent Non-Executive Director at YOOX Net-A-Porter Group S.p.A. since April 30, 2015. Since September 2014, he has been a member of the Board of Directors of Luigi Lavazza S.p.A. Mr. Kunze-Concewitz has been a member of the Board of Directors of YOOX S.p.A. since April 2015. He has been an Executive Director of Davide Campari - Milano SpA since July 23, 2007. Mr. Kunze-Concew graduated in Economics from Hamilton College (USA) and obtained an MBA from Manchester Business School.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Insufficient data for Bob to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Davide Campari-Milano management team in years:

8.3
Average Tenure
53.5
Average Age
  • The average tenure for the Davide Campari-Milano management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bob Kunze-Concewitz

TITLE
MD, CEO & Executive Director
COMPENSATION
€4M
AGE
51
TENURE
11.9 yrs

Paolo Marchesini

TITLE
MD, CFO & Executive Director
COMPENSATION
€3M
AGE
51
TENURE
19.3 yrs

Gaspare Campari

TITLE

Christopher Woods

TITLE
Head of IT
TENURE
2.6 yrs

Fabio Di Fede

TITLE
General Counsel and Business Development Officer
AGE
46
TENURE
1.3 yrs

Giorgio Pivetta

TITLE
Head of Group Human Resources
AGE
57
TENURE
3.3 yrs

Cesare Vandini

TITLE
Managing Director Northern
AGE
55
TENURE
8.3 yrs

Franco Peroni

TITLE
Managing Director Asia-Pacific
AGE
52
TENURE
5.8 yrs

Stefan Jensen

TITLE
Head of Group Commercial Capabilities
AGE
56
TENURE
10 yrs

Jean Dubau

TITLE
Managing Director of North America
AGE
56
TENURE
10.3 yrs
Board of Directors Tenure

Average tenure and age of the Davide Campari-Milano board of directors in years:

9
Average Tenure
55
Average Age
  • The tenure for the Davide Campari-Milano board of directors is about average.
Board of Directors

Luca Garavoglia

TITLE
Non-Executive Chairman
COMPENSATION
€2M
AGE
49
TENURE
24.6 yrs

Bob Kunze-Concewitz

TITLE
MD, CEO & Executive Director
COMPENSATION
€4M
AGE
51
TENURE
11.8 yrs

Marco Perelli-Cippo

TITLE
Honorary Director
COMPENSATION
€25K

Paolo Marchesini

TITLE
MD, CFO & Executive Director
COMPENSATION
€3M
AGE
51
TENURE
9 yrs

Pellegrino Libroia

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€80K
AGE
72
TENURE
9 yrs

Stefano Saccardi

TITLE
Director
COMPENSATION
€3M
AGE
59
TENURE
9 yrs

Eugenio Barcellona

TITLE
Director
COMPENSATION
€63K
TENURE
9 yrs

Karen Guerra

TITLE
Independent Director
COMPENSATION
€25K
AGE
62
TENURE
9 yrs

Thomas Ingelfinger

TITLE
Independent Director
COMPENSATION
€63K
TENURE
9 yrs

Camilla Cionini-Visani

TITLE
Independent Director
COMPENSATION
€63K
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Nov 18 Sell Luca Garavoglia Individual 14. Nov 18 16. Nov 18 -145,690 €7.57 €-1,086,251
20. Nov 18 Buy Luca Garavoglia Individual 15. Nov 18 19. Nov 18 145,690 €7.74 €1,081,064
X
Management checks
We assess Davide Campari-Milano's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Davide Campari-Milano has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in the Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific. Its product portfolio includes aperitifs, vodka, whisky, tequila, rum, gin, liqueurs, sparkling and still wines, and ready to drink products under approximately 50 brands. The company was founded in 1860 and is headquartered in Sesto San Giovanni, Italy. Davide Campari-Milano S.p.A. is a subsidiary of Alicros S.p.A.

Details
Name: Davide Campari-Milano S.p.A.
CPR
Exchange: WBAG
Founded: 1860
€9,895,313,702
1,146,618,042
Website: http://www.camparigroup.com
Address: Davide Campari-Milano S.p.A.
Via Franco Sacchetti, 20,
Sesto San Giovanni,
Milan, 20099,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT CPR Ordinary Shares Borsa Italiana IT EUR 06. Jul 2001
OTCPK DVDC.F Ordinary Shares Pink Sheets LLC US USD 06. Jul 2001
DB DVC3 Ordinary Shares Deutsche Boerse AG DE EUR 06. Jul 2001
LSE 0ROY Ordinary Shares London Stock Exchange GB EUR 06. Jul 2001
WBAG CPR Ordinary Shares Wiener Boerse AG AT EUR 06. Jul 2001
OTCPK DVDC.Y UNSPONSORED ADR Pink Sheets LLC US USD 16. Apr 2004
Number of employees
Current staff
Staff numbers
3,953
Davide Campari-Milano employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:11
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.