SeSa S.p.A., through its subsidiaries, distributes value-added information technology (IT) products and solutions in Italy.
Solid track record with adequate balance sheet.
Share Price & News
How has SeSa's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1S3's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 1S3 exceeded the German Electronic industry which returned -26.4% over the past year.
Return vs Market: 1S3 exceeded the German Market which returned -17.5% over the past year.
Price Volatility Vs. Market
How volatile is SeSa's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SeSa undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1S3 (€35.55) is trading below our estimate of fair value (€35.86)
Significantly Below Fair Value: 1S3 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1S3 is poor value based on its PE Ratio (16.7x) compared to the Electronic industry average (15.8x).
PE vs Market: 1S3 is poor value based on its PE Ratio (16.7x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: 1S3 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 1S3 is overvalued based on its PB Ratio (2.5x) compared to the DE Electronic industry average (1.1x).
How is SeSa forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1S3's forecast earnings growth (12.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: 1S3's earnings (12.6% per year) are forecast to grow slower than the German market (14.2% per year).
High Growth Earnings: 1S3's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1S3's revenue (9.1% per year) is forecast to grow faster than the German market (4.2% per year).
High Growth Revenue: 1S3's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1S3's Return on Equity is forecast to be low in 3 years time (16.2%).
How has SeSa performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1S3 has high quality earnings.
Growing Profit Margin: 1S3's current net profit margins (2.1%) are higher than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: 1S3's earnings have grown by 8.7% per year over the past 5 years.
Accelerating Growth: 1S3's earnings growth over the past year (23.9%) exceeds its 5-year average (8.7% per year).
Earnings vs Industry: 1S3 earnings growth over the past year (23.9%) exceeded the Electronic industry -7.4%.
Return on Equity
High ROE: 1S3's Return on Equity (16.2%) is considered low.
How is SeSa's financial position?
Financial Position Analysis
Short Term Liabilities: 1S3's short term assets (€926.4M) exceed its short term liabilities (€676.5M).
Long Term Liabilities: 1S3's short term assets (€926.4M) exceed its long term liabilities (€175.8M).
Debt to Equity History and Analysis
Debt Level: 1S3's debt to equity ratio (83.2%) is considered high.
Reducing Debt: 1S3's debt to equity ratio has increased from 38.9% to 83.2% over the past 5 years.
Debt Coverage: 1S3's debt is well covered by operating cash flow (28.5%).
Interest Coverage: 1S3's interest payments on its debt are well covered by EBIT (23.9x coverage).
Inventory Level: 1S3 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1S3's debt is covered by short term assets (assets are 4.4x debt).
What is SeSa's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1S3's dividend (1.75%) is higher than the bottom 25% of dividend payers in the German market (1.71%).
High Dividend: 1S3's dividend (1.75%) is low compared to the top 25% of dividend payers in the German market (4.98%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1S3 has been paying a dividend for less than 10 years.
Growing Dividend: 1S3's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.2%), 1S3's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1S3's dividends in 3 years are forecast to be well covered by earnings (31.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Alessandro Fabbroni (47yo)
Mr. Alessandro Fabbroni serves as the Managing Director, Director of Internal Audit, Financial Reporting Manager and Director at SeSa S.p.A. Mr. Fabbroni served as the Chief Executive Officer, Financial Re ...
CEO Compensation Analysis
Compensation vs Market: Alessandro's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD1.40M).
Compensation vs Earnings: Alessandro's compensation has increased by more than 20% in the past year.
|MD, Director of Internal Audit||no data||€254.61k||no data|
|Executive Vice-Chairman & Executive VP||no data||€281.81k||no data|
|Executive Vice-Chairman & Executive VP||no data||€244.95k||no data|
|Chairman of the Board||no data||€341.98k||no data|
|Non Executive Director||no data||€15.00k||no data|
|Member of Supervisory Board & Standing Auditor||2.17yrs||€34.71k||no data|
|Member of Supervisory Board & Standing Auditor||2.17yrs||€14.00k||no data|
|Independent Director||4.5yrs||no data||no data|
|President of Board of Auditors & Member of Supervisory Board||1.58yrs||no data||no data|
|Independent Director||1.58yrs||no data||no data|
Experienced Board: 1S3's board of directors are not considered experienced ( 2.2 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.
SeSa S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: SeSa S.p.A.
- Ticker: 1S3
- Exchange: DB
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: €557.510m
- Shares outstanding: 15.44m
- Website: https://www.sesa.it
Number of Employees
- SeSa S.p.A.
- Via Piovola no. 138
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SES||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Feb 2013|
|0QHK||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Feb 2013|
|SESM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Feb 2013|
|1S3||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Feb 2013|
SeSa S.p.A., through its subsidiaries, distributes value-added information technology (IT) products and solutions in Italy. It operates through Value Added Distribution, Software and System Integration, and Corporate segments. The Value Added Distribution segment distributes IT products in the categories of servers, storage, software, and networking for operators in the enterprise and small/medium enterprise segment. It also distributes data center solutions; provides financial services and solutions; and markets data systems solutions. The Software and System Integration segment markets software and IT products and services; markets ICT products and solutions, as well as offers system integration services; and develops and markets hardware, software, and applications for the SME market. It also provides IT solutions; digital agency services; digital transformation solutions; management, maintenance, technical assistance, and repair services for computers and IT products; and strategic outsourcing services, as well as operates in the telecommunications services, cloud computing, and systems assistance sectors. In addition, this segment develops and markets ERP software and applications; offers solutions and integrated services on the SAP Business One platform; develops 3cad products for the furniture industry; produces and markets software products, as well as provides IT services for the retail sector; offers integrated solutions and project management services for industrial sectors; and provides PLM solutions for companies in the manufacturing sector. The Corporate segment offers logistics services; designs, implements, and develops cloud computing solutions; and provides marketing and promotion services for the ICT channel. The company is headquartered in Empoli, Italy. SeSa S.p.A. is a subsidiary of ITH S.p.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 23:23|
|End of Day Share Price||2020/03/27 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.