MARR S.p.A. commercializes and distributes fresh, dried, and frozen food products for foodservice operators in Italy, the European Union, and internationally.
6 star dividend payer with adequate balance sheet.
Share Price & News
How has MARR's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: M6Z has not had significant price volatility in the past 3 months.
7 Day Return
DE Consumer Retailing
1 Year Return
DE Consumer Retailing
Return vs Industry: M6Z underperformed the German Consumer Retailing industry which returned -4.4% over the past year.
Return vs Market: M6Z underperformed the German Market which returned 2.9% over the past year.
Price Volatility Vs. Market
How volatile is MARR's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is MARR undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: M6Z (€17.64) is trading above our estimate of fair value (€15.45)
Significantly Below Fair Value: M6Z is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: M6Z is good value based on its PE Ratio (16.9x) compared to the Consumer Retailing industry average (19.3x).
PE vs Market: M6Z is good value based on its PE Ratio (16.9x) compared to the German market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: M6Z is poor value based on its PEG Ratio (5.5x)
Price to Book Ratio
PB vs Industry: M6Z is overvalued based on its PB Ratio (3.5x) compared to the XE Consumer Retailing industry average (1.6x).
How is MARR forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: M6Z's forecast earnings growth (3.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: M6Z's earnings (3.1% per year) are forecast to grow slower than the German market (13.1% per year).
High Growth Earnings: M6Z's earnings are forecast to grow, but not significantly.
Revenue vs Market: M6Z's revenue (2.7% per year) is forecast to grow slower than the German market (5.1% per year).
High Growth Revenue: M6Z's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: M6Z's Return on Equity is forecast to be high in 3 years time (20.1%)
How has MARR performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: M6Z has high quality earnings.
Growing Profit Margin: M6Z's current net profit margins (4.1%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: M6Z's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: M6Z's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: M6Z had negative earnings growth (-0.7%) over the past year, making it difficult to compare to the Consumer Retailing industry average (2.3%).
Return on Equity
High ROE: Whilst M6Z's Return on Equity (20.51%) is high, this metric is skewed due to their high level of debt.
How is MARR's financial position?
Financial Position Analysis
Short Term Liabilities: M6Z's short term assets (€877.0M) exceed its short term liabilities (€619.3M).
Long Term Liabilities: M6Z's short term assets (€877.0M) exceed its long term liabilities (€243.7M).
Debt to Equity History and Analysis
Debt Level: M6Z's debt to equity ratio (113.4%) is considered high.
Reducing Debt: M6Z's debt to equity ratio has increased from 94.9% to 113.4% over the past 5 years.
Debt Coverage: M6Z's debt is well covered by operating cash flow (23.4%).
Interest Coverage: M6Z's interest payments on its debt are well covered by EBIT (21x coverage).
Inventory Level: M6Z has a high level of physical assets or inventory.
Debt Coverage by Assets: M6Z's debt is covered by short term assets (assets are 2.4x debt).
What is MARR's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: M6Z's dividend (4.56%) is higher than the bottom 25% of dividend payers in the German market (1.52%).
High Dividend: M6Z's dividend (4.56%) is in the top 25% of dividend payers in the German market (3.92%)
Stability and Growth of Payments
Stable Dividend: M6Z's dividends per share have been stable in the past 10 years.
Growing Dividend: M6Z's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.1%), M6Z's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: M6Z's dividends in 3 years are forecast to be covered by earnings (79.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Francesco Ospitali (51yo)
Mr. Francesco Ospitali serves as the Chief Executive Officer of MARR SpA. Mr. Ospitali served as Controller of Cremonini S.p.A. Since 1998, Mr. Ospitali is responsible for management control of Cremonini S ...
CEO Compensation Analysis
Compensation vs Market: Francesco's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD1.76M).
Compensation vs Earnings: Francesco's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Executive Director||0yrs||€378.64k||no data|
|Manager for Finance||0yrs||€422.20k||no data|
|Independent Director||2.8yrs||€122.50k||no data|
|Non Executive Director||0yrs||€20.00k||no data|
|Chairman of the Board||4.3yrs||€49.00k||no data|
|Non Executive Director||0yrs||€20.00k||no data|
|Independent Director||0yrs||€39.00k||no data|
|Independent Director||2.8yrs||no data||no data|
|Chairman of the Board of Statutory Auditors||2.8yrs||no data||no data|
|Independent Director||0yrs||no data||no data|
Experienced Board: M6Z's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MARR S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: MARR S.p.A.
- Ticker: M6Z
- Exchange: DB
- Founded: 1972
- Industry: Food Distributors
- Sector: Consumer Retailing
- Market Cap: €1.118b
- Shares outstanding: 66.53m
- Website: https://www.marr.it
Number of Employees
- MARR S.p.A.
- Via Spagna 20
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MARR||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jun 2005|
|0NSS||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 2005|
|MARRM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 2005|
|M6Z||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2005|
MARR S.p.A. commercializes and distributes fresh, dried, and frozen food products for foodservice operators in Italy, the European Union, and internationally. It offers meat products, such as veal, beef, poultry, pork, mutton and lamb, game, and horse meat products; seafood products, including fresh and saltwater fish, lobsters and scampi, squids, calamari and molluscs, shrimps, fillets, sliced and pre-prepared items, tails and prawns, and cuttlefishes and frozen octopuses. The company also provides grocery products comprising biscuits and sweets, chocolates and candies, preserved products, vegetable preserves, ice cream and pastries, fruit jams, honey and spreads, oil and vinegar, prepared and floury products, rice, pasta, pizza, salt, spices, sugar, coffee, tea, tisanes, sauces and seasoning, fruits and vegetables, and gluten-free and organic products, as well as gastronomy services. In addition, it provides lard and shortening, milk, dairy products and cheese, cured meats, eggs and egg products, as well as specialty foodstuffs made from pork, beef, poultry and game; and beverages, liqueurs, and wines. Further, the company offers nonfood products, such as tablecloths and napkins, cleaning products and accessories, laundry products, and hygiene, dishwashing, handwashing, and disposable products; and table dishes, cutlery, glasses, induction pots and pans, knife sets, buffet assortment, and other kitchen products. Additionally, it offers various private label products. The company serves restaurants, pizzerias, hotels, holiday resorts, catering chains, canteens, bars, etc. It operates through a logistical-distribution network comprising 34 distribution centers, with 5 cash and carry stores, 4 agents with warehouses, and approximately 700 vehicles. The company was founded in 1972 and is headquartered in Rimini, Italy. MARR S.p.A. is a subsidiary of Cremonini S.p.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 23:30|
|End of Day Share Price||2020/02/28 00:00|
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.