DB:4LZ

Stock Analysis Report

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Executive Summary

Piquadro S.p.A. designs, manufactures, and sells bags and accessories in Italy.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 4LZ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.2%

4LZ

6.5%

DE Luxury

2.2%

DE Market


1 Year Return

-36.0%

4LZ

0.9%

DE Luxury

12.4%

DE Market

Return vs Industry: 4LZ underperformed the German Luxury industry which returned 2% over the past year.

Return vs Market: 4LZ underperformed the German Market which returned 14% over the past year.


Shareholder returns

4LZIndustryMarket
7 Day2.2%6.5%2.2%
30 Day-4.5%10.0%0.8%
90 Day2.2%29.3%18.1%
1 Year-36.0%-36.0%0.9%0.9%15.0%12.4%
3 Year-17.4%-22.6%39.7%34.9%8.5%-0.3%
5 Year1.5%-10.4%207.5%178.9%27.8%10.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 4LZ (€1.37) is trading above our estimate of fair value (€0.52)

Significantly Below Fair Value: 4LZ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 4LZ is unprofitable, so we can't compare its PE Ratio to the DE Luxury industry average.

PE vs Market: 4LZ is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4LZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4LZ is good value based on its PB Ratio (1.1x) compared to the DE Luxury industry average (1.8x).


Next Steps

Future Growth

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

38.0%

Forecasted Consumer Durables 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 Piquadro 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 Piquadro performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4LZ is currently unprofitable.

Growing Profit Margin: 4LZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 4LZ is unprofitable, but has reduced losses over the past 5 years at a rate of 15.2% per year.

Accelerating Growth: Unable to compare 4LZ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 4LZ is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-48.1%).


Return on Equity

High ROE: 4LZ has a negative Return on Equity (-12.52%), as it is currently unprofitable.


Next Steps

Financial Health

How is Piquadro's financial position?


Financial Position Analysis

Short Term Liabilities: 4LZ's short term assets (€132.2M) exceed its short term liabilities (€75.9M).

Long Term Liabilities: 4LZ's short term assets (€132.2M) exceed its long term liabilities (€70.4M).


Debt to Equity History and Analysis

Debt Level: 4LZ's debt to equity ratio (58.1%) is considered high.

Reducing Debt: 4LZ's debt to equity ratio has increased from 47.8% to 58.1% over the past 5 years.

Debt Coverage: 4LZ's debt is well covered by operating cash flow (23.4%).

Interest Coverage: Insufficient data to determine if 4LZ's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Piquadro current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 4LZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 4LZ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 4LZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 4LZ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 4LZ is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 4LZ'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?

3.9yrs

Average board tenure


CEO

Marco Palmieri

no data

Tenure

€559,000

Compensation

Mr. Marco Palmieri serves as the Chairman and Chief Executive Officer at Piquadro S.p.A. He serves as Member of the Advisory Board at Fashion Technology Accelerator S.R.L. Mr. Palmieri has been Director at ...


CEO Compensation Analysis

Compensation vs Market: Marco's total compensation ($USD661.23K) is above average for companies of similar size in the German market ($USD467.32K).

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


Board Members

NamePositionTenureCompensationOwnership
Marco Palmieri
Chairman & CEOno data€559.00kno data
Pierpaolo Palmieri
Vice Chairman & MDno data€260.00kno data
Roberto Trotta
MD & Executive Directorno data€224.00kno data
Marcello Piccioli
MD & Executive Directorno data€193.00kno data
Catia Cesari
Independent Non-Executive Director3.92yrs€20.00kno data
Pietro Villa
Statutory Auditorno data€16.50kno data
Giuseppe Fredella
Statutory Auditorno data€24.80kno data
Paola Bonomo
Lead Independent Director3.92yrs€20.00kno data
Patrizia Lucia Riva
Chairman of Board of Statutory Auditor0.75yr€16.50kno data
Barbara Falcomer
Independent Non-Executive Director3.92yrs€20.00kno data

3.9yrs

Average Tenure

Experienced Board: 4LZ's board of directors are considered experienced (3.9 years average tenure).


Ownership

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


Insider Trading Volume

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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Piquadro S.p.A.
  • Ticker: 4LZ
  • Exchange: DB
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €70.250m
  • Shares outstanding: 50.00m
  • Website: https://www.piquadro.com

Number of Employees


Location

  • Piquadro S.p.A.
  • Sassuriano, 246
  • Silla di Gaggio Montano
  • Bologna
  • Bologna
  • 40041
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PQBIT (Borsa Italiana)YesCommon StockITEUROct 2007
4LZDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2007
0HPPLSE (London Stock Exchange)YesCommon StockGBEUROct 2007
PQMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 2007

Biography

Piquadro S.p.A. designs, manufactures, and sells bags and accessories in Italy. The company was founded in 1987 and is based in Bologna, Italy.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 04:35
End of Day Share Price2020/08/14 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.