Loading...

F.I.L.A. - Fabbrica Italiana Lapis ed Affini

DB:3S0
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3S0
DB
€696M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
3S0 Share Price and Events
7 Day Returns
2.2%
DB:3S0
0.1%
DE Commercial Services
0.8%
DE Market
1 Year Returns
-24.8%
DB:3S0
-6.3%
DE Commercial Services
-4.5%
DE Market
3S0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
F.I.L.A. - Fabbrica Italiana Lapis ed Affini (3S0) 2.2% 8.2% -0.9% -24.8% 14% -
DE Commercial Services 0.1% 3.3% 10.1% -6.3% 3.5% -41.2%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • 3S0 underperformed the Commercial Services industry which returned -6.3% over the past year.
  • 3S0 underperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
3S0
Industry
5yr Volatility vs Market

Value

 Is F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini.

DB:3S0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:3S0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 24%) (87.83%))
1.151
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.151 * 9.02%)
10.61%

Discounted Cash Flow Calculation for DB:3S0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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.

DB:3S0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.61%)
2019 52.97 Analyst x3 47.89
2020 55.03 Analyst x3 44.98
2021 61.23 Analyst x3 45.25
2022 65.85 Est @ 7.54% 43.99
2023 69.37 Est @ 5.35% 41.90
2024 72.01 Est @ 3.81% 39.32
2025 73.98 Est @ 2.74% 36.52
2026 75.45 Est @ 1.98% 33.67
2027 76.55 Est @ 1.46% 30.88
2028 77.38 Est @ 1.09% 28.23
Present value of next 10 years cash flows €392.62
DB:3S0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €77.38 × (1 + 0.23%) ÷ (10.61% – 0.23%)
€746.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €746.94 ÷ (1 + 10.61%)10
€272.45
DB:3S0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €392.62 + €272.45
€665.07
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €665.07 / 50.87
€13.07
DB:3S0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3S0 represents 0.96637x of BIT:FILA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96637x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 13.07 x 0.96637
€12.63
Value per share (EUR) From above. €12.63
Current discount Discount to share price of €13.22
= -1 x (€13.22 - €12.63) / €12.63
-4.6%

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

  • The current share price of F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3S0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.20
BIT:FILA Share Price ** BIT (2019-04-25) in EUR €13.68
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 17.06x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of F.I.L.A. - Fabbrica Italiana Lapis ed Affini.

DB:3S0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 13.68 ÷ 0.20

68.4x

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

  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does F.I.L.A. - Fabbrica Italiana Lapis ed Affini's expected growth come at a high price?
Raw Data
DB:3S0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 68.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
37.7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.4x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:3S0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 68.4x ÷ 37.7%

1.82x

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

  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on F.I.L.A. - Fabbrica Italiana Lapis ed Affini's assets?
Raw Data
DB:3S0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.17
BIT:FILA Share Price * BIT (2019-04-25) in EUR €13.68
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:3S0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13.68 ÷ 6.17

2.22x

* Primary Listing of F.I.L.A. - Fabbrica Italiana Lapis ed Affini.

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

  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini expected to perform in the next 1 to 3 years based on estimates from 5 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
37.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is F.I.L.A. - Fabbrica Italiana Lapis ed Affini expected to grow at an attractive rate?
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings growth is expected to exceed the Germany market average.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3S0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3S0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 37.7%
DB:3S0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 8.4%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:3S0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3S0 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 757 57 3
2020-12-31 739 77 53 5
2019-12-31 712 70 43 4
DB:3S0 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 589 50 9
2018-09-30 555 42 3
2018-06-30 509 30 7
2018-03-31 498 24 14
2017-12-31 513 24 16
2017-09-30 509 27 21
2017-06-30 484 29 22
2017-03-31 460 44 27
2016-12-31 425 42 21
2016-09-30 369 16 35
2016-06-30 338 16 31
2016-03-31 303 0 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings are expected to grow significantly at over 20% yearly.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's revenue is expected to grow by 8.4% 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
DB:3S0 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 5 Analyst Estimates (S&P Global) See Below

All data from F.I.L.A. - Fabbrica Italiana Lapis ed Affini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3S0 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.12 1.23 1.02 3.00
2020-12-31 1.07 1.19 0.94 5.00
2019-12-31 0.90 1.11 0.73 5.00
DB:3S0 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.20
2018-09-30 0.07
2018-06-30 0.17
2018-03-31 0.34
2017-12-31 0.38
2017-09-30 0.52
2017-06-30 0.53
2017-03-31 0.61
2016-12-31 0.51
2016-09-30 0.85
2016-06-30 0.77
2016-03-31 -0.62

*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.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 4/6, 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini's growth in the last year to its industry (Commercial Services).
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.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3S0 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 588.75 8.75 142.03
2018-09-30 554.52 2.87 134.71
2018-06-30 508.95 7.05 124.13
2018-03-31 497.54 14.29 121.76
2017-12-31 512.53 15.77 122.26
2017-09-30 509.24 21.21 131.79
2017-06-30 483.53 21.82 98.46
2017-03-31 459.96 27.01 104.14
2016-12-31 425.24 20.99 95.60
2016-09-30 369.10 34.78 122.86
2016-06-30 337.75 30.72 71.49
2016-03-31 303.38 -20.95 85.35
2015-12-31 277.58 -16.72 68.05
2015-09-30 268.74 -27.03 9.63
2015-06-30 253.09 -29.92 10.30
2015-03-31 230.01 14.42 8.28
2014-12-31 234.82 16.65 9.63
2014-09-30 228.53 14.49 -22.06
2013-12-31 220.66 13.56 9.74
2012-12-31 217.78 14.74 9.60

*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.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 Commercial Services 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.
F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 1/6, 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini Company Filings, last reported 3 months ago.

DB:3S0 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 338.81 611.20 157.68
2018-09-30 249.97 637.33 45.35
2018-06-30 243.37 652.19 38.77
2018-03-31 241.31 321.72 51.84
2017-12-31 239.58 278.60 38.63
2017-09-30 249.39 313.61 36.71
2017-06-30 244.81 315.78 29.61
2017-03-31 248.62 297.53 41.00
2016-12-31 238.97 283.59 59.52
2016-09-30 231.70 194.05 19.00
2016-06-30 229.84 206.13 15.98
2016-03-31 227.16 196.32 29.62
2015-12-31 211.73 70.05 30.68
2015-09-30 176.89 96.40 65.80
2015-06-30 173.09 115.75 59.84
2015-03-31 111.97 91.17 32.73
2014-12-31 111.97 91.17 32.73
2014-09-30 110.50 99.10 19.40
2013-12-31 92.35 97.64 35.92
2012-12-31 78.98 109.00 26.19
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's level of debt (180.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (105.7% vs 180.4% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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. F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 2/6, 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini dividends. Estimated to be 0.82% next year.
If you bought €2,000 of F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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?
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
Upcoming dividend payment

Purchase F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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
DB:3S0 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 5 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:3S0 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.11 3.00
2020-12-31 0.12 5.00
2019-12-31 0.11 5.00
DB:3S0 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.080 0.620
2018-03-21 0.090 0.560
2017-03-21 0.090 0.480
2016-03-31 0.090 0.695
2016-03-22 0.090 0.825

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

  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of F.I.L.A. - Fabbrica Italiana Lapis ed Affini's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of F.I.L.A. - Fabbrica Italiana Lapis ed Affini's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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
Massimo Candela
COMPENSATION €2,112,705
AGE 53
CEO Bio

Dr. Massimo Candela serves as the Chief Executive Officer of Fila-Fabbrica Italiana Lapis ed Affini SpA and has been its Director since June 4, 2015. Dr. Candela serves as the Chairman of Dixon Ticonderoga Co. Dr. Candela served as Vice Chairman at Dixon Ticonderoga Co. since March 31, 2005 and has been its Director since March 31, 2005.

CEO Compensation
  • Massimo's compensation has been consistent with company performance over the past year.
  • Massimo's remuneration is higher than average for companies of similar size in Germany.
Management Team

Massimo Candela

TITLE
CEO & Director
COMPENSATION
€2M
AGE
53

Luca Pelosin

TITLE
Executive Director
COMPENSATION
€772K
AGE
52

Danny Lieberman

TITLE
Senior Vice President of Global Apparel
Board of Directors Tenure

Average tenure and age of the F.I.L.A. - Fabbrica Italiana Lapis ed Affini board of directors in years:

3.6
Average Tenure
56
Average Age
  • The tenure for the F.I.L.A. - Fabbrica Italiana Lapis ed Affini board of directors is about average.
Board of Directors

Gianni Mion

TITLE
Chairman
COMPENSATION
€90K
AGE
75

Massimo Candela

TITLE
CEO & Director
COMPENSATION
€2M
AGE
53
TENURE
3.8 yrs

Alberto Candela

TITLE
Honorary Chairman
COMPENSATION
€150K

Luca Pelosin

TITLE
Executive Director
COMPENSATION
€772K
AGE
52
TENURE
3.8 yrs

Gerolamo Dominioni

TITLE
Lead Independent Director
COMPENSATION
€35K
AGE
63
TENURE
3.5 yrs

Francesca Prandstraller

TITLE
Independent Director
COMPENSATION
€25K
AGE
56
TENURE
4.8 yrs

Gianfranco Consorti

TITLE
Chairman of the Board of Statutory Auditors
AGE
68
TENURE
1 yrs

Annalisa Barbera

TITLE
Non-Executive Director
COMPENSATION
€20K
AGE
49
TENURE
3.8 yrs

Filippo Zabban

TITLE
Independent Director
AGE
61
TENURE
1 yrs

Paola Bonini

TITLE
Independent Director
AGE
51
TENURE
1 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 (€)
X
Management checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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. F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. produces and sells coloring, designing, modelling, writing, and painting objects worldwide. The company offers modelling clay, polychrome drawing, colored pencils, watercolors, wax crayons, play dough, pens, graphite pencils, sharpeners, paints, markers, chalks, felt-tip pens, glitter glue, finger paints, sticks and paste, brushes, papier-mache and plaster, plasticine, engraving and painting, baby creative sets, make-up, erasers, oil crayons, mechanical pencils and leads, and monochrome drawing. The company offers its products under the brands, such as Giotto, Pongo, Das, Lyra, Canson, Maimeri, Daler & Rowney Lukas, and Ticonderoga. F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. was founded in 1920 and is headquartered in Pero, Italy.

Details
Name: F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.
3S0
Exchange: DB
Founded: 1920
€695,911,723
50,870,740
Website: http://www.fila.it
Address: F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.
Via XXV Aprile 5,
Pero,
Milan, 20016,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT FILA Common Stock Borsa Italiana IT EUR 30. Jun 2014
DB 3S0 Common Stock Deutsche Boerse AG DE EUR 30. Jun 2014
LSE 0QIQ Common Stock London Stock Exchange GB EUR 30. Jun 2014
BATS-CHIXE FILAM Common Stock BATS 'Chi-X Europe' GB EUR 30. Jun 2014
Number of employees
Current staff
Staff numbers
9,502
F.I.L.A. - Fabbrica Italiana Lapis ed Affini employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 22:20
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/29
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.