DB:BAOA

Stock Analysis Report

Executive Summary

Bastogi S.p.A., through its subsidiaries, operates in the real estate, entertainment, art and culture, and other sectors in Italy.

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Profit margins (2.2%) are lower than last year (18.8%)



Snowflake Analysis

Imperfect balance sheet with poor track record.

Share Price & News

How has Bastogi's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.9%

BAOA

1.1%

DE Commercial Services

1.7%

DE Market


1 Year Return

29.4%

BAOA

-0.5%

DE Commercial Services

15.0%

DE Market

Return vs Industry: BAOA exceeded the German Commercial Services industry which returned -0.5% over the past year.

Return vs Market: BAOA exceeded the German Market which returned 15% over the past year.


Shareholder returns

BAOAIndustryMarket
7 Day0.9%1.1%1.7%
30 Day9.9%1.0%0.8%
90 Day11.0%6.6%3.7%
1 Year29.4%29.4%3.0%-0.5%18.5%15.0%
3 Year-1.3%-1.3%11.3%1.6%17.1%6.9%
5 Year-51.5%-51.5%2.6%-11.7%24.3%7.3%

Price Volatility Vs. Market

How volatile is Bastogi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bastogi undervalued compared to its fair value and its price relative to the market?

110.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BAOA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BAOA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BAOA is poor value based on its PE Ratio (110.8x) compared to the Commercial Services industry average (32x).

PE vs Market: BAOA is poor value based on its PE Ratio (110.8x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BAOA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BAOA is overvalued based on its PB Ratio (7.5x) compared to the DE Commercial Services industry average (3.3x).


Next Steps

Future Growth

How is Bastogi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.0%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bastogi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bastogi performed over the past 5 years?

50.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAOA has a large one-off gain of €6.7M impacting its June 30 2019 financial results.

Growing Profit Margin: BAOA's current net profit margins (2.2%) are lower than last year (18.8%).


Past Earnings Growth Analysis

Earnings Trend: BAOA has become profitable over the past 5 years, growing earnings by 50.8% per year.

Accelerating Growth: BAOA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BAOA had negative earnings growth (-87.3%) over the past year, making it difficult to compare to the Commercial Services industry average (9.4%).


Return on Equity

High ROE: BAOA's Return on Equity (-4.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bastogi's financial position?


Financial Position Analysis

Short Term Liabilities: BAOA's short term assets (€181.1M) exceed its short term liabilities (€71.1M).

Long Term Liabilities: BAOA's short term assets (€181.1M) do not cover its long term liabilities (€245.1M).


Debt to Equity History and Analysis

Debt Level: BAOA's debt to equity ratio (242.2%) is considered high.

Reducing Debt: BAOA's debt to equity ratio has reduced from 418.3% to 242.2% over the past 5 years.

Debt Coverage: BAOA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BAOA's interest payments on its debt are not well covered by EBIT (0.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: BAOA's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

What is Bastogi's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage3.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate BAOA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BAOA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BAOA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BAOA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average board tenure


CEO

Andrea Raschi (52yo)

4.7yrs

Tenure

€432,530

Compensation

Mr. Andrea Raschi has been the Chief Executive Officer and Executive Director at Bastogi S.p.A. since June 15, 2015. Mr. Raschi serves as the Chief Financial Officer of Brioschi Sviluppo Immobiliare spa an ...


CEO Compensation Analysis

Compensation vs Market: Andrea's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD412.37K).

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


Board Members

NamePositionTenureCompensationOwnership
Marco Cabassi
Chairman0yrs€245.00k23.35% 29.1m
Andrea Raschi
CEO & Executive Director4.7yrs€432.53k0.077% 96.1k
Roberto Castoldi
Member of the Board of Statutory Auditors0yrsno datano data
Giulio Ferrari
Non-Executive Director4.7yrs€40.00kno data
Maria Marchesoni
Lead Independent Director0yrs€15.50kno data
Sara Barbe
Independent Non-Executive Director4.7yrs€15.50kno data
Fabio Silva
Independent Non-Executive Director4.7yrs€15.50kno data
Gigliola Villa
Chairman of Corporate Board0yrsno datano data
Walter Cecconi
Member of the Board of Statutory Auditors4.7yrsno datano data
Rebeca Gomez Tafalla
Non-Executive Director1.8yrsno datano data

4.7yrs

Average Tenure

58yo

Average Age

Experienced Board: BAOA's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BAOA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bastogi S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bastogi S.p.A.
  • Ticker: BAOA
  • Exchange: DB
  • Founded: 1862
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €124.609m
  • Shares outstanding: 110.27m
  • Website: https://www.bastogi.com

Location

  • Bastogi S.p.A.
  • Via G. B. Piranesi, 10
  • Milan
  • Milan
  • 20137
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBIT (Borsa Italiana)YesCommon StockITEURJul 2005
BAOADB (Deutsche Boerse AG)YesCommon StockDEEURJul 2005
BMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJul 2005

Biography

Bastogi S.p.A., through its subsidiaries, operates in the real estate, entertainment, art and culture, and other sectors in Italy. The company develops and operates real estate properties; manages multi-purpose venues for music, shows, and sport, as well as venues held through concessions; and produces musical and theatre contents. It also hosts presentations, business conventions, conferences, shows, fashion shows, exhibitions, cultural appointments, photo shoots, receptions, and gala dinners; and provides integrated services for the management, enhancement, and conservation of works of art and precious objects. In addition, the company manages a four star business hotel; and offers trade services to small and medium companies, as well as a range of services in the education and training, food and wine, design, and organization and location for events. Bastogi S.p.A. was founded in 1862 and is based in Milan, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 21:47
End of Day Share Price2020/02/14 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.