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COVER 50

DB:350
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
350
DB
€42M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

COVER 50 S.p.A. engages in the creation, production, and marketing of pants and trousers. The last earnings update was 91 days ago. More info.


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350 Share Price and Events
7 Day Returns
0%
DB:350
-4.5%
DE Luxury
0.4%
DE Market
1 Year Returns
-6.5%
DB:350
3.8%
DE Luxury
-19.5%
DE Market
350 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
COVER 50 (350) 0% -0.8% -8.2% -6.5% -42.9% -
DE Luxury -4.5% -7.8% -10.5% 3.8% 79.9% 55.9%
DE Market 0.4% -4.9% -12% -19.5% -4% 2.5%
1 Year Return vs Industry and Market
  • 350 underperformed the Luxury industry which returned 3.8% over the past year.
  • 350 outperformed the Market in Germany which returned -19.5% over the past year.
Price Volatility
350
Industry
5yr Volatility vs Market

350 Value

 Is COVER 50 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 COVER 50 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 COVER 50.

DB:350 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year DE 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 DB:350
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.731 (1 + (1- 24%) (0.02%))
0.731
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)
= 0.54% + (0.8 * 9.46%)
8.11%

Discounted Cash Flow Calculation for DB:350 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for COVER 50 is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:350 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 2.82 2.96 3.12 3.28 3.45
Source Est @ 5.17% Est @ 5.17% Est @ 5.17% Est @ 5.17% Est @ 5.17%
Present Value
Discounted (@ 8.11%)
2.61 2.54 2.47 2.40 2.33
Present value of next 5 years cash flows €12.34
DB:350 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €3.45 × (1 + 0.54%) ÷ (8.11% – 0.54%)
€45.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €45.81 ÷ (1 + 8.11%)5
€31.02
DB:350 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €12.34 + €31.02
€43.37
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €43.37 / 4.40
€9.82
DB:350 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:350 represents 0.99589x of BIT:COV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99589x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 9.86 x 0.99589
€9.82
Value per share (EUR) From above. €9.82
Current discount Discount to share price of €9.68
= -1 x (€9.68 - €9.82) / €9.82
1.4%

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

Current Discount
Amount off the current price COVER 50 is available for.
Intrinsic value
1%
Share price is €9.68 vs Future cash flow value of €9.82
Current Discount Checks
For COVER 50 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • COVER 50's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • COVER 50's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 COVER 50's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are COVER 50's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:350 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €0.78
BIT:COV Share Price ** BIT (2018-11-26) in EUR €9.72
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 23.47x
Germany Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.69x

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

** Primary Listing of COVER 50.

DB:350 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 9.72 ÷ 0.78

12.46x

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

  • COVER 50 is good value based on earnings compared to the DE Luxury industry average.
  • COVER 50 is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does COVER 50's expected growth come at a high price?
Raw Data
DB:350 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-4.3%per year
Europe Luxury Industry PEG Ratio Median Figure of 41 Publicly-Listed Luxury Companies 1.68x
Germany Market PEG Ratio Median Figure of 278 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for COVER 50, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on COVER 50's assets?
Raw Data
DB:350 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €5.35
BIT:COV Share Price * BIT (2018-11-26) in EUR €9.72
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.33x
Germany Market PB Ratio Median Figure of 567 Publicly-Listed Companies 1.73x
DB:350 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9.72 ÷ 5.35

1.82x

* Primary Listing of COVER 50.

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

  • COVER 50 is overvalued based on assets compared to the DE Luxury industry average.
X
Value checks
We assess COVER 50'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. COVER 50 has a total score of 2/6, 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.

350 Future Performance

 How is COVER 50 expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover COVER 50, future earnings growth has been estimated based on fundamentals.
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
-4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is COVER 50 expected to grow at an attractive rate?
  • COVER 50's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • COVER 50's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare COVER 50's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:350 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:350 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -4.3%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.4%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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:350 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:350 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 29 4 3
2018-03-31 28 2 3
2017-12-31 28 0 3
2017-09-30 27 -1 3
2017-06-30 26 -3 3
2017-03-31 26 -1 3
2016-12-31 25 0 3
2016-09-30 25 2 4
2016-06-30 25 3 4
2016-03-31 25 3 4
2015-12-31 25 3 4
2015-09-30 25 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • COVER 50's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if COVER 50 is high growth as no revenue estimate data is available.
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:350 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from COVER 50 Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:350 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 0.78
2018-03-31 0.75
2017-12-31 0.72
2017-09-30 0.70
2017-06-30 0.71
2017-03-31 0.71
2016-12-31 0.71
2016-09-30 0.85
2016-06-30 1.00
2016-03-31 0.96
2015-12-31 0.92
2015-09-30 0.95

*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.
  • Unable to establish if COVER 50 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess COVER 50'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.
COVER 50 has a total score of 0/6, 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.

350 Past Performance

  How has COVER 50 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 COVER 50's growth in the last year to its industry (Luxury).
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.
  • COVER 50's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • COVER 50's 1-year earnings growth exceeds its 5-year average (9.8% vs -8%)
  • COVER 50's earnings growth has not exceeded the DE Luxury industry average in the past year (9.8% vs 18.2%).
Earnings and Revenue History
COVER 50'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 COVER 50 Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:350 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 28.68 3.43 4.16
2018-03-31 28.10 3.31 4.13
2017-12-31 27.52 3.18 4.09
2017-09-30 27.10 3.07 4.43
2017-06-30 26.21 3.13 4.40
2017-03-31 25.52 3.11 4.29
2016-12-31 24.83 3.10 4.18
2016-09-30 25.11 3.75 3.58
2016-06-30 25.40 4.40 2.98
2016-03-31 25.07 4.22 3.16
2015-12-31 24.74 4.03 3.34
2015-09-30 24.62 4.19 3.38
2015-06-30 24.50 4.35 3.43
2015-03-31 24.18 4.31 3.19
2014-12-31 23.86 4.27 2.95
2013-12-31 21.61 3.80 2.62
2012-12-31 20.61 3.13 1.97
2011-12-31 17.98 1.82 1.70

*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.
  • COVER 50 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • COVER 50 used its assets more efficiently than the DE Luxury industry average last year based on Return on Assets.
  • COVER 50's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess COVER 50'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 Luxury 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.
COVER 50 has a total score of 2/6, 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.

350 Health

 How is COVER 50'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 COVER 50's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • COVER 50 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • COVER 50's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of COVER 50'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 4211.7x 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 COVER 50 Company Filings, last reported 5 months ago.

DB:350 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 23.52 0.01 11.41
2018-03-31 23.52 0.01 11.41
2017-12-31 22.88 0.01 9.69
2017-09-30 22.88 0.01 9.69
2017-06-30 23.42 0.01 9.81
2017-03-31 23.42 0.01 9.81
2016-12-31 21.84 0.00 11.91
2016-09-30 21.84 0.00 11.91
2016-06-30 21.43 0.00 12.14
2016-03-31 21.43 0.00 12.14
2015-12-31 21.02 0.04 11.25
2015-09-30 21.02 0.04 11.25
2015-06-30 19.23 0.07 12.11
2015-03-31 19.23 0.07 12.11
2014-12-31 12.05 0.11 4.96
2013-12-31 10.28 0.24 4.11
2012-12-31 8.98 0.64 3.60
2011-12-31 6.13 1.61 1.60
  • COVER 50's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.6% vs 0% today).
  • Debt is well covered by operating cash flow (54424.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 297.8x coverage).
X
Financial health checks
We assess COVER 50'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. COVER 50 has a total score of 6/6, 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.

350 Dividends

 What is COVER 50'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
5.14%
Current annual income from COVER 50 dividends.
If you bought €2,000 of COVER 50 shares you are expected to receive €103 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?
  • COVER 50's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.71%).
  • COVER 50's dividend is above the markets top 25% of dividend payers in Germany (4.12%).
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:350 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 0 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

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

DB:350 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-27 0.500 5.130
2017-05-18 0.500 4.665
2016-04-28 0.500 5.263
2016-03-23 0.500 3.546

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

  • Whilst dividend payments have been stable, COVER 50 has been paying a dividend for less than 10 years.
  • COVER 50 has only been paying a dividend for 3 years, and since then there has been no growth.
Current Payout to shareholders
What portion of COVER 50's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess COVER 50's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 COVER 50 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. COVER 50 has a total score of 3/6, see the detailed checks below.


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

350 Management

 What is the CEO of COVER 50'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
Pierangelo Fassino
CEO Bio

Mr. Pierangelo Fassino serves as the Chairman and Chief Executive Officer at Cover 50 S.p.A. Mr. Fassino is an Industry Expert. He has a Diploma of Textile.

CEO Compensation
  • Insufficient data for Pierangelo to compare compensation growth.
  • Insufficient data for Pierangelo to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Pierangelo Fassino

TITLE
Chairman & CEO

Alberto Fassino

TITLE
CEO & Director
Board of Directors

Pierangelo Fassino

TITLE
Chairman & CEO

Alberto Fassino

TITLE
CEO & Director

Angelo Frascina

TITLE
Chairman of the Board of Statutory Auditors

Aldo Milanese

TITLE
Independent Director
AGE
74

Luca Asvisio

TITLE
Statutory Auditor

Sergio Frascina

TITLE
Statutory Auditor
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 (€)
18. Oct 18 Buy FHOLD S.R.L. Company 16. Oct 18 16. Oct 18 1,400 €9.80 €13,366
17. Oct 18 Buy FHOLD S.R.L. Company 15. Oct 18 15. Oct 18 400 €9.62 €3,824
15. Oct 18 Buy FHOLD S.R.L. Company 11. Oct 18 11. Oct 18 600 €9.80 €5,790
10. Oct 18 Buy FHOLD S.R.L. Company 08. Oct 18 08. Oct 18 700 €9.70 €6,740
11. Oct 18 Buy FHOLD S.R.L. Company 09. Oct 18 09. Oct 18 2,500 €9.56 €23,776
X
Management checks
We assess COVER 50'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. COVER 50 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.

350 News

External News
Loading...
Simply Wall St News

350 Company Info

Map
Description

COVER 50 S.p.A. engages in the creation, production, and marketing of pants and trousers. The company offers men's, women’s, and bermuda pants under the Pantaloni Torino brand name. The company was founded in 1968 and is based in Pianezza, Italy.

Details
Name: COVER 50 S.p.A.
350
Exchange: DB
Founded: 1968
€41,712,000
4,400,000
Website: http://www.cover50.it
Address: COVER 50 S.p.A.
Via Torino, 25,
Pianezza,
Turin, 10044,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT COV Common Stock Borsa Italiana IT EUR 13. May 2015
DB 350 Common Stock Deutsche Boerse AG DE EUR 13. May 2015
Number of employees
Current staff
Staff numbers
0
COVER 50 employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/18 22:55
End of day share price update: 2018/11/26 00:00
Last earnings filing: 2018/09/18
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.