DB:P4I

Stock Analysis Report

Executive Summary

Parmalat S.p.A. produces, markets, and distributes food products in Europe, the Americas, Africa, Australia and internationally.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.

Risks

  • Parmalat's last earnings update was 211 days ago.
  • Parmalat is covered by less than 3 analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

DB:P4I

-0.1%

DE Food

-1.5%

DE Market


1 Year Return

-5.0%

DB:P4I

2.0%

DE Food

-10.4%

DE Market

P4I outperformed the Food industry which returned -10.4% over the past year.

P4I outperformed the Market in Germany which returned -7.8% over the past year.


Share holder returns

P4IIndustryMarket
7 Day-2.0%-0.1%-1.5%
30 Day-1.8%4.2%-4.6%
90 Day-1.6%2.6%-4.6%
1 Year-4.8%-5.0%3.5%2.0%-7.6%-10.4%
3 Year17.0%15.3%-13.3%-18.6%9.4%0.03%
5 Year14.2%10.5%35.6%23.6%25.6%8.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Parmalat undervalued based on future cash flows and its price relative to the stock market?

48.96x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Parmalat's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Parmalat's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Parmalat is overvalued based on earnings compared to the DE Food industry average.

Parmalat is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Parmalat is poor value based on expected growth next year.


Price Based on Value of Assets

Parmalat is good value based on assets compared to the DE Food industry average.


Next Steps

Future Growth

How is Parmalat expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

28.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Parmalat is high growth as no revenue estimate data is available.

Parmalat's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Parmalat's revenue growth to the Germany market average as no estimate data is available.

Parmalat's earnings growth is expected to exceed the Germany market average.

Parmalat's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Parmalat is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Parmalat performed over the past 5 years?

-15.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Parmalat's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Parmalat's 1-year earnings growth exceeds its 5-year average (75.8% vs -15.3%)

Parmalat's earnings growth has exceeded the DE Food industry average in the past year (75.8% vs 9.5%).


Return on Equity

Parmalat has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Parmalat used its assets less efficiently than the DE Food industry average last year based on Return on Assets.


Return on Capital Employed

Parmalat's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Parmalat's financial position?


Financial Position Analysis

Parmalat is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Parmalat's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Parmalat's level of debt (12.1%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.9% vs 12.1% today).

Debt is well covered by operating cash flow (84.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 20.3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 5.5x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Parmalat's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Parmalat's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Parmalat has not reported any payouts.

Unable to verify if Parmalat's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Parmalat has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Parmalat's salary, the management and board of directors tenure and is there insider trading?

6.2yrs

Average management tenure


CEO

Jean-Marc Bernier 0

1.5yrs

Tenure

0

Mr. Jean-Marc Bernier has been Chief Executive Officer, Group General Manager and Director of Parmalat S.p.A. since September 12, 2017. Mr. Bernier joined the Lactalis Group in 1995 holding positions of in ...


Management Age and Tenure

6.2yrs

Average Tenure

The average tenure for the Parmalat management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.0yrs

Average Tenure

57.5yo

Average Age

The tenure for the Parmalat board of directors is about average.


Insider Trading

No 3 month insider trading information.


Recent Insider Transactions

Buy€1,427,17112 Feb 19
BSA SA
EntityCompany
Shares500,000
Max Price€2.89
Buy€17,305,49211 Jan 19
BSA SA
EntityCompany
Shares6,129,000
Max Price€2.85

Ownership Breakdown


Management Team

  • Pierluigi Bonavita (59yo)

    Chief Financial Officer and Corporate Accounting Documents Officer

    • Tenure: 7.7yrs
  • Giuseppina Corsi (52yo)

    Head of Legal

    • Tenure: 0.0yrs
  • Patrick Sauvageot

    Chief Executive Officer of LATAM

    • Tenure: 4.5yrs
  • Craig Garvin

    Chief Executive Officer of Australia

    • Tenure: 0.0yrs
  • Diego Sonda

    Internal Auditing Manager

    • Tenure: 4.7yrs
    • Compensation: €18.00k
  • Sasa Belsa

    Group Sales Manager

    • Tenure: 6.2yrs
  • Claudia Moglia

    Group Marketing Director

    • Tenure: 7.2yrs
  • Paolo Tanghetti

    Group Human Resources Director

    • Tenure: 7.1yrs
  • Jean-Marc Bernier

    CEO, Group GM & Director

    • Tenure: 1.5yrs

Board Members

  • Umberto Mosetti (53yo)

    Independent Non Executive Director

    • Tenure: 6.8yrs
    • Compensation: €189.10k
  • Elena Vasco (54yo)

    Independent Non Executive Director

    • Tenure: 3.1yrs
  • Patrice Gassenbach (72yo)

    Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: €50.00k
  • Andrea Lionzo

    Alternate Statutory Auditor

    • Tenure: 0.0yrs
    • Compensation: €25.00k
  • Gabriella Chersicla (56yo)

    Independent Chairman of The Board

    • Tenure: 0.0yrs
    • Compensation: €300.00k
  • Pier Biandrino (61yo)

    Independent Director

    • Tenure: 2.9yrs
  • Nicolò Dubini (70yo)

    Independent Non Executive Director

    • Tenure: 3.1yrs
  • Michel Peslier (59yo)

    Director

    • Tenure: 2.9yrs
  • Angela Gamba (48yo)

    Independent Director

    • Tenure: 2.9yrs
  • Jean-Marc Bernier

    CEO, Group GM & Director

    • Tenure: 1.5yrs

Company Information

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


Key Information

  • Name: Parmalat S.p.A.
  • Ticker: P4I
  • Exchange: DB
  • Founded: 1961
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$5.281b
  • Listing Market Cap: US$4.667b
  • Shares outstanding: 1.85b
  • Website: https://www.parmalat.com

Number of Employees


Location

  • Parmalat S.p.A.
  • Via delle Nazioni Unite, 4
  • Collecchio
  • Parma
  • 43044
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
P4IDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2005
PLAT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2005
PLTMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEUROct 2005

Biography

Parmalat S.p.A. produces, markets, and distributes food products in Europe, the Americas, Africa, Australia and internationally. It offers milk and dairy products, such as yogurt, cream-based sauces, desse ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/06 20:59
End of Day Share Price2019/02/28 00:00
Earnings2018/06/30
Annual Earnings2017/12/31


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.