DB:3S0

Stock Analysis Report

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

Executive Summary

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

Snowflake

Fundamentals

Proven track record with moderate growth potential.

Share Price & News

How has F.I.L.A. - Fabbrica Italiana Lapis ed Affini's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3S0 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.8%

3S0

-0.6%

DE Commercial Services

0.03%

DE Market


1 Year Return

6.0%

3S0

-2.1%

DE Commercial Services

9.9%

DE Market

Return vs Industry: 3S0 exceeded the German Commercial Services industry which returned -2.1% over the past year.

Return vs Market: 3S0 underperformed the German Market which returned 9.9% over the past year.


Shareholder returns

3S0IndustryMarket
7 Day-6.8%-0.6%0.03%
30 Day3.8%5.1%4.4%
90 Day11.7%18.8%13.6%
1 Year11.5%6.0%1.4%-2.1%13.4%9.9%
3 Year13.1%6.5%5.2%-3.9%25.6%14.6%
5 Yearn/a-2.6%-16.4%36.9%18.2%

Price Volatility Vs. Market

How volatile is F.I.L.A. - Fabbrica Italiana Lapis ed Affini's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is F.I.L.A. - Fabbrica Italiana Lapis ed Affini undervalued compared to its fair value and its price relative to the market?

4.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3S0 (€14.16) is trading below our estimate of fair value (€14.81)

Significantly Below Fair Value: 3S0 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 3S0 is poor value based on its PE Ratio (33.2x) compared to the Commercial Services industry average (16.6x).

PE vs Market: 3S0 is poor value based on its PE Ratio (33.2x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: 3S0 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 3S0 is good value based on its PB Ratio (2.3x) compared to the DE Commercial Services industry average (2.6x).


Next Steps

Future Growth

How is F.I.L.A. - Fabbrica Italiana Lapis ed Affini forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

25.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3S0's forecast earnings growth (25.9% per year) is above the savings rate (0.2%).

Earnings vs Market: 3S0's earnings (25.9% per year) are forecast to grow faster than the German market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3S0's revenue (4.6% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: 3S0's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3S0's Return on Equity is forecast to be low in 3 years time (15%).


Next Steps

Past Performance

How has F.I.L.A. - Fabbrica Italiana Lapis ed Affini performed over the past 5 years?

17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3S0 has large one-off items impacting its financial results.

Growing Profit Margin: 3S0's current net profit margins (3%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: 3S0's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: 3S0's earnings growth over the past year (189.1%) exceeds its 5-year average (17.6% per year).

Earnings vs Industry: 3S0 earnings growth over the past year (189.1%) exceeded the Commercial Services industry 6.1%.


Return on Equity

High ROE: 3S0's Return on Equity (6.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is F.I.L.A. - Fabbrica Italiana Lapis ed Affini's financial position?


Financial Position Analysis

Short Term Liabilities: 3S0's short term assets (€554.5M) exceeds its short term liabilities (€265.5M)

Long Term Liabilities: 3S0's short term assets (554.5M) do not cover its long term liabilities (584.3M)


Debt to Equity History and Analysis

Debt Level: 3S0's debt to equity ratio (163%) is considered high

Reducing Debt: 3S0's debt to equity ratio has increased from 94.4% to 163% over the past 5 years.

Debt Coverage: 3S0's debt is not well covered by operating cash flow (12.6%).

Interest Coverage: 3S0's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet

Inventory Level: 3S0 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3S0's debt is not covered by short term assets (assets are 1x debt).


Next Steps

Dividend

What is F.I.L.A. - Fabbrica Italiana Lapis ed Affini's current dividend yield, its reliability and sustainability?

0.56%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%1.3%markettop25%3.7%industryaverage3.5%forecastin3Years0.8%

Current dividend yield vs market & industry

Notable Dividend: 3S0's dividend (0.56%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.33%).

High Dividend: 3S0's dividend (0.56%) is low compared to the top 25% of dividend payers in the German market (3.66%).


Stability and Growth of Payments

Stable Dividend: 3S0 is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: 3S0 is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 3S0 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3S0's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

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?

4.1yrs

Average board tenure


CEO

Massimo Candela (54yo)

0yrs

Tenure

€1,438,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Massimo's total compensation ($USD1.59M) is above average for companies of similar size in the German market ($USD1.18M).

Compensation vs Earnings: Massimo's compensation has been consistent with company performance over the past year.


Board Age and Tenure

4.1yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 3S0's board of directors are considered experienced (4.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.9%.


Management Team

  • Danny Lieberman

    Senior Vice President of Global Apparel

    • Tenure: 0yrs
  • Massimo Candela (54yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: €1.44m
  • Luca Pelosin (53yo)

    Executive Director

    • Tenure: 4.4yrs
    • Compensation: €463.60k

Board Members

  • Massimo Candela (54yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: €1.44m
  • Alberto Candela

    Honorary Chairman

    • Tenure: 0yrs
    • Compensation: €163.33k
  • Gerolamo Dominioni (64yo)

    Lead Independent Director

    • Tenure: 4.1yrs
    • Compensation: €46.33k
  • Francesca Prandstraller (57yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: €26.33k
  • Luca Pelosin (53yo)

    Executive Director

    • Tenure: 4.4yrs
    • Compensation: €463.60k
  • Annalisa Barbera (50yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: €20.67k
  • Filippo Zabban (62yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: €14.25k
  • Paola Bonini (52yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: €18.00k
  • Giovanni Tempini

    Chairman

    • Tenure: 0.3yrs
  • Gianfranco Consorti (69yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 1.6yrs

Company Information

F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.
  • Ticker: 3S0
  • Exchange: DB
  • Founded: 1920
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: €726.530m
  • Shares outstanding: 50.95m
  • Website: https://www.fila.it

Number of Employees


Location

  • F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.
  • Via XXV Aprile 5
  • Pero
  • Milan
  • 20016
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0QIQLSE (London Stock Exchange)YesCommon StockGBEURJun 2014
3S0DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2014
FILAMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 2014
FILABIT (Borsa Italiana)YesCommon StockITEURJun 2014

Biography

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, colore ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 21:48
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.