DB:BZA

Stock Analysis Report

Executive Summary

ePRICE S.p.A. operates as an e-Commerce company in Italy.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.2%

BZA

0.5%

DE Online Retail

2.4%

DE Market


1 Year Return

-62.5%

BZA

12.1%

DE Online Retail

2.3%

DE Market

Return vs Industry: BZA underperformed the German Online Retail industry which returned 12.1% over the past year.

Return vs Market: BZA underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

BZAIndustryMarket
7 Day-3.2%0.5%2.4%
30 Day10.0%-7.3%-0.2%
90 Day-25.6%-0.2%0.6%
1 Year-62.5%-62.5%12.4%12.1%5.5%2.3%
3 Year-80.2%-80.8%3.0%1.6%18.9%8.6%
5 Yearn/a102.5%97.9%44.8%25.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BZA (€0.6) is trading below our estimate of fair value (€1.33)

Significantly Undervalued: BZA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BZA is unprofitable, so we can't compare its PE Ratio to the Online Retail industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BZA is good value based on its PB Ratio (0.9x) compared to the DE Online Retail industry average (1.1x).


Next Steps

Future Growth

How is ePRICE forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

61.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BZA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BZA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BZA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BZA's revenue (16.5% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: BZA's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BZA is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has ePRICE performed over the past 5 years?

-35.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BZA is unprofitable, and losses have increased over the past 5 years at a rate of -35.7% per year.

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

Earnings vs Industry: BZA is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (12.6%).


Return on Equity

High ROE: BZA has a negative Return on Equity (-132.3%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: BZA is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: BZA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ePRICE's financial position?


Financial Position Analysis

Short Term Liabilities: BZA's short term assets (€33.4M) do not cover its short term liabilities (€34.2M)

Long Term Liabilities: BZA's short term assets (33.4M) exceeds its long term liabilities (13.7M)


Debt to Equity History and Analysis

Debt Level: BZA's debt to equity ratio (17.2%) is considered satisfactory

Reducing Debt: BZA's debt to equity ratio has reduced from 30.3% to 17.2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: BZA's debt is covered by short term assets (assets are 7.506170x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BZA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BZA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.9%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: BZA is not paying a notable dividend for .


Future Payout to Shareholders

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


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Paolo Luigi Ainio (57yo)

0.8yrs

Tenure

€484,918

Compensation

Mr. Paolo Luigi Guglielmo Ainio serves as the President of Onedegree s.r.l. Mr. Ainio serves as the President of Comprabanner S.r.l. Mr. Ainio is the Founder and Executive Chairman of ePRICE S.p.A. He is C ...


CEO Compensation Analysis

Compensation vs. Market: Paolo Luigi's total compensation ($USD0.00) is too low to compare against companies of similar size in the German market ($USD218.87K).

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


Management Age and Tenure

5.2yrs

Average Tenure

46.5yo

Average Age

Experienced Management: BZA's management team is seasoned and experienced (5.2 years average tenure).


Board Age and Tenure

0.8yrs

Average Tenure

57yo

Average Age

Experienced Board: BZA's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Paolo Luigi Ainio (57yo)

    CEO, Executive Chairman & Founder

    • Tenure: 0.8yrs
    • Compensation: €484.92k
  • Pietro Crosti (44yo)

    Group Controller

    • Tenure: 11.1yrs
  • Micaela Ferruta (49yo)

    Head of IR & Strategic Planning

    • Tenure: 3.9yrs
  • Vanessa Casagrande (44yo)

    Head of Legal & Corporate Affairs

    • Tenure: 6.4yrs
  • Emanuele Romussi (54yo)

    CFO and Investor Relations & Financial Reports Manager

    • Tenure: 0yrs
  • Alessandro Cernigliaro

    Chief Operating Officer of Commerce

    • Tenure: 8.6yrs
  • Gabriele Colasanto (43yo)

    Corporate Development Manager & Investor Relator

    • Tenure: 0yrs
  • Marco Fillo

    Chief Technology Officer

    • Tenure: 3.5yrs

Board Members

  • Roberto Mazzei (57yo)

    Independent Director

    • Tenure: 1.5yrs
  • Paolo Luigi Ainio (57yo)

    CEO, Executive Chairman & Founder

    • Tenure: 0.8yrs
    • Compensation: €484.92k
  • Pietro Boroli (62yo)

    Non Executive Director

    • Tenure: 0yrs
    • Compensation: €7.12k
  • Chiara Damiana Burberi (52yo)

    Independent Director

    • Tenure: 2.9yrs
  • Matteo Renzulli (47yo)

    Non Executive Director

    • Tenure: 0yrs
    • Compensation: €7.12k
  • Pierluigi Bernasconi (65yo)

    Non Executive Director

    • Tenure: 3.5yrs
  • Arabella Caporello

    Independent Director

    • Tenure: 0.8yrs
  • Piero Galli

    Independent Director

    • Tenure: 0.8yrs
  • Annunziata Melaccio

    Independent Director

    • Tenure: 0.8yrs
  • Giorgio Amato

    President of Board of Statutory Auditors

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: ePRICE S.p.A.
  • Ticker: BZA
  • Exchange: DB
  • Founded: 2007
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €19.895m
  • Shares outstanding: 32.61m
  • Website: https://corporate-en.eprice.it/

Number of Employees


Location

  • ePRICE S.p.A.
  • Via San Marco, 29
  • Milan
  • Milan
  • 20121
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EPRBIT (Borsa Italiana)YesClass A SharesITEURFeb 2015
EPRMBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBEURFeb 2015
BZADB (Deutsche Boerse AG)YesClass A SharesDEEURFeb 2015

Biography

ePRICE S.p.A. operates as an e-Commerce company in Italy. The company operates ePRICE Website that offers approximately 1 million products comprising hi-technology products, household appliances, and home  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 21:40
End of Day Share Price2019/10/15 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.