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Autogrill

LSE:0DHJ
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0DHJ
LSE
€2B
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

Autogrill S.p.A., through its subsidiaries, provides food and beverage services for travelers in North America, Italy, and other European countries. The last earnings update was 38 days ago. More info.


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0DHJ Share Price and Events
7 Day Returns
1.4%
LSE:0DHJ
3.2%
GB Hospitality
1.3%
GB Market
1 Year Returns
-20.4%
LSE:0DHJ
-7.6%
GB Hospitality
-5%
GB Market
0DHJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Autogrill (0DHJ) 1.4% -1.2% 7.8% -20.4% 6.7% 24%
GB Hospitality 3.2% 0.5% -1.3% -7.6% 11% 30.7%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • 0DHJ underperformed the Hospitality industry which returned -7.6% over the past year.
  • 0DHJ underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
0DHJ
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Autogrill to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Autogrill.

LSE:0DHJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0DHJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 9%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.932 (1 + (1- 24%) (43.29%))
1.159
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.159 * 9.02%)
11.69%

Discounted Cash Flow Calculation for LSE:0DHJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Autogrill is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:0DHJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.69%)
2019 102.65 Analyst x4 91.91
2020 138.18 Analyst x4 110.77
2021 159.75 Analyst x4 114.67
2022 176.54 Est @ 10.51% 113.47
2023 190.19 Est @ 7.73% 109.45
2024 201.17 Est @ 5.78% 103.66
2025 210.05 Est @ 4.41% 96.91
2026 217.31 Est @ 3.46% 89.77
2027 223.37 Est @ 2.79% 82.61
2028 228.55 Est @ 2.32% 75.69
Present value of next 10 years cash flows €988.89
LSE:0DHJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €228.55 × (1 + 1.23%) ÷ (11.69% – 1.23%)
€2,212.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,212.13 ÷ (1 + 11.69%)10
€732.56
LSE:0DHJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €988.89 + €732.56
€1,721.45
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,721.45 / 254.22
€6.77
LSE:0DHJ Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.77
Current discount Discount to share price of €8.45
= -1 x (€8.45 - €6.77) / €6.77
-24.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Autogrill is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Autogrill's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Autogrill's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0DHJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.27
BIT:AGL Share Price ** BIT (2019-05-20) in EUR €8.45
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 17.95x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 788 Publicly-Listed Companies 16.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Autogrill.

LSE:0DHJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:AGL Share Price ÷ EPS (both in EUR)

= 8.45 ÷ 0.27

31.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autogrill is overvalued based on earnings compared to the GB Hospitality industry average.
  • Autogrill is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Autogrill's expected growth come at a high price?
Raw Data
LSE:0DHJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
22.4%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.06x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0DHJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.29x ÷ 22.4%

1.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autogrill is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Autogrill's assets?
Raw Data
LSE:0DHJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.70
BIT:AGL Share Price * BIT (2019-05-20) in EUR €8.45
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.39x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
LSE:0DHJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:AGL Share Price ÷ Book Value per Share (both in EUR)

= 8.45 ÷ 2.70

3.13x

* Primary Listing of Autogrill.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autogrill is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess Autogrill's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Autogrill has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Autogrill expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Autogrill expected to grow at an attractive rate?
  • Autogrill's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Autogrill's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Autogrill's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0DHJ Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0DHJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 22.4%
LSE:0DHJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.5%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0DHJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0DHJ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,905 1
2022-12-31 5,667 2
2021-12-31 5,404 455 150 8
2020-12-31 5,207 422 134 11
2019-12-31 5,007 394 118 9
LSE:0DHJ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 5,118 324 69
2018-09-30 5,045 315 78
2018-06-30 4,973 306 87
2018-03-31 4,983 310 91
2017-12-31 4,993 314 96
2017-09-30 5,120 217 55
2017-06-30 5,027 293 89
2017-03-31 5,144 353 126
2016-12-31 4,944 321 99
2016-09-30 5,143 331 104
2016-06-30 5,099 306 96
2016-03-31 4,910 318 81

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Autogrill's earnings are expected to grow significantly at over 20% yearly.
  • Autogrill's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0DHJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Autogrill Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DHJ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.51 0.51 0.51 1.00
2021-12-31 0.58 0.65 0.51 6.00
2020-12-31 0.52 0.58 0.46 8.00
2019-12-31 0.46 0.48 0.44 8.00
LSE:0DHJ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.27
2018-09-30 0.31
2018-06-30 0.34
2018-03-31 0.36
2017-12-31 0.38
2017-09-30 0.21
2017-06-30 0.35
2017-03-31 0.50
2016-12-31 0.39
2016-09-30 0.41
2016-06-30 0.38
2016-03-31 0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Autogrill is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Autogrill's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Autogrill has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Autogrill performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Autogrill's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Autogrill has delivered over 20% year on year earnings growth in the past 5 years.
  • Autogrill's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Autogrill's 1-year earnings growth is negative, it can't be compared to the GB Hospitality industry average.
Earnings and Revenue History
Autogrill's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Autogrill Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0DHJ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,117.90 68.66
2018-09-30 5,045.41 77.73
2018-06-30 4,972.92 86.80
2018-03-31 4,982.91 91.49
2017-12-31 4,992.89 96.18
2017-09-30 5,120.12 54.51 -3.56
2017-06-30 5,027.36 88.51 -3.56
2017-03-31 5,144.26 126.15
2016-12-31 4,943.57 99.47
2016-09-30 5,143.35 104.44 11.16
2016-06-30 5,099.35 96.14 11.16
2016-03-31 4,909.85 80.85 7.68
2015-12-31 4,808.46 64.42 7.60
2015-09-30 4,743.23 43.61 7.53
2015-06-30 4,627.53 34.01 7.53
2015-03-31 4,544.63 21.81 7.53
2014-12-31 4,464.13 25.11 7.53
2014-09-30 4,472.28 12.40 8.02
2014-06-30 4,498.08 11.50 8.02
2014-03-31 4,519.68 3.10 8.02
2013-12-31 4,548.58 -3.20 8.02
2013-09-30 4,627.14 -2.78 9.07
2013-06-30 4,666.54 -13.58 9.07
2013-03-31 4,287.94 -31.08 9.07
2012-12-31 4,687.54 -6.08 9.07
2012-09-30 5,108.44 19.20 35.76
2012-06-30 5,628.94 56.30 35.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Autogrill has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Autogrill used its assets less efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • Autogrill's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Autogrill's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Autogrill has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Autogrill's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Autogrill's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Autogrill's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Autogrill's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Autogrill's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Autogrill Company Filings, last reported 4 months ago.

LSE:0DHJ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 741.04 930.00 214.70
2018-09-30 741.04 930.00 214.70
2018-06-30 652.34 950.34 170.90
2018-03-31 652.34 950.34 170.90
2017-12-31 695.27 750.39 170.13
2017-09-30 695.27 750.39 170.13
2017-06-30 627.16 830.74 141.99
2017-03-31 627.16 830.74 141.99
2016-12-31 687.61 771.75 159.76
2016-09-30 662.70 774.10 232.80
2016-06-30 585.10 803.47 133.89
2016-03-31 565.60 816.20 148.00
2015-12-31 599.97 831.99 163.33
2015-09-30 584.00 822.00 143.30
2015-06-30 519.09 880.32 131.76
2015-03-31 501.70 948.70 133.70
2014-12-31 490.66 893.87 184.04
2014-09-30 516.00 837.10 173.50
2014-06-30 426.28 886.55 179.04
2014-03-31 409.30 911.00 176.10
2013-12-31 444.76 869.04 172.85
2013-09-30 899.00 890.70 257.40
2013-06-30 807.25 1,008.90 182.41
2013-03-31 778.90 2,078.50 208.70
2012-12-31 814.04 1,670.43 160.09
2012-09-30 872.60 1,636.50 205.80
2012-06-30 776.75 1,795.38 185.23
  • Autogrill's level of debt (125.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (195.7% vs 125.5% today).
  • Debt is well covered by operating cash flow (34.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
X
Financial health checks
We assess Autogrill's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Autogrill has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.37%
Current annual income from Autogrill dividends. Estimated to be 3.08% next year.
If you bought €2,000 of Autogrill shares you are expected to receive €47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Autogrill's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • Autogrill's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
Upcoming dividend payment

Purchase Autogrill before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0DHJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0DHJ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.30 6.00
2020-12-31 0.27 11.00
2019-12-31 0.23 11.00
LSE:0DHJ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.200 2.360
2018-04-13 0.190 2.149
2018-03-08 0.190 1.786
2017-03-09 0.160 1.505
2016-04-22 0.120 1.545
2016-03-10 0.120 1.612
2015-04-17 0.000 0.000
2015-03-12 0.000 0.000
2014-11-13 0.000 0.000
2014-07-31 0.000 0.000
2014-05-14 0.000 0.000
2014-05-13 0.000 0.000
2014-04-14 0.000 0.000
2014-03-13 0.000 0.000
2013-04-25 0.000 0.000
2012-08-03 0.280 3.426
2012-07-31 0.280 4.317
2012-03-27 0.280 3.927
2011-03-08 0.240 2.864
2009-11-10 0.000 0.000
2009-08-06 0.000 0.000
2009-07-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autogrill has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Autogrill has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Autogrill's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Autogrill's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Autogrill afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Autogrill has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gianmario Tondato Ruos
COMPENSATION €1,562,167
AGE 58
TENURE AS CEO 16.3 years
CEO Bio

Mr. Gianmario Tondato da Ruos has been Group Chief Executive Officer at Autogrill S.p.A., since February 26, 2003 and serves as its Director of The Internal Control and Risk System. Mr. Tondato da Ruos served as the President and Chief Operating Officer of HMSHost Corporation since April 25, 2002. He joined Autogrill as the Chief Administrative Officer and Executive Vice President of HMSHost in January 2000. He assumed responsibility for HMSHost's entire operations organization. He joined the Benetton Group in Italy in 1987, serving in a number of executive positions. He began his career in 1987 with the Mondadori Group and several Benetton Group companies, where he handled corporate reorganizations and international mobility. He started his career in 1985 in Group Arnoldo Mondadori Editore and various Benetton Group companies, where he worked on company re-organization and international mobility. He served as the Chairman of Autogrill Group Inc., HMS and WD. Mr. Tondato da Ruos served as the Chairman of World Duty Free S.p.A. from March 27, 2013 to August 7, 2015. He served as a Non-Executive Director at WDFG GB Limited since August 13, 2007. He serves on the Advisory Board of Rabo Bank (Hollande). He serves as a Director of Alpha Group plc. He has been an Executive Director of Autogrill S.p.A. since April 23, 2008. He has been Director of World Duty Free Group S.A. since April 21, 2005. He serves as a Director of WDFG SAU. He serves as an Independent Director of Guala Closures S.p.A. He has been an Independent Non-Executive Director of International Game Technology PLC since April 7, 2015 and served as its Lead Independent Director. He served as an Independent Director of GTECH S.p.A (formerly Lottomatica Group) and served as its Lead Independent Director from 2006 to 2014. He served as a Director of GTECH Corporation. Mr. Tondato da Ruos graduated in Economics and Commerce at Università Ca’ Foscari in Venice.

CEO Compensation
  • Gianmario Tondato's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gianmario Tondato's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Autogrill management team in years:

8.3
Average Tenure
  • The average tenure for the Autogrill management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gianmario Tondato Ruos

TITLE
Group CEO
COMPENSATION
€2M
AGE
58
TENURE
16.3 yrs

Camillo Rossotto

TITLE
CFO & Corporate GM
AGE
56
TENURE
0.3 yrs

Lorenza Rivabene

TITLE
Group Investor Relations Manager

Paola Bottero

TITLE
Group General Counsel & Corporate Secretary

Ezio Balarini

TITLE
Group Chief Marketing Officer

Aldo Papa

TITLE
Group Chief Engineering & Procurement Officer
TENURE
8.3 yrs

Silvio de Girolamo

TITLE
Group Chief Internal Audit
TENURE
19.3 yrs

Steve Johnson

TITLE
Chief Executive Officer of HMNHost North America and President of HMNHost North America

Walter Seib

TITLE
Chief Executive Officer of HMSHost International
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Autogrill board of directors in years:

3
Average Tenure
56
Average Age
  • The tenure for the Autogrill board of directors is about average.
Board of Directors

Paolo Zannoni

TITLE
Chairman
TENURE
0.3 yrs

Gianmario Tondato Ruos

TITLE
Group CEO
COMPENSATION
€2M
AGE
58
TENURE
11.1 yrs

Silvio de Girolamo

TITLE
Group Chief Internal Audit

Marco Giuseppe Rigotti

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€82K
AGE
51
TENURE
4.3 yrs

Francesco Chiappetta

TITLE
Independent Director
COMPENSATION
€87K
AGE
58
TENURE
5 yrs

Marco Emilio Patuano

TITLE
Director
COMPENSATION
€75K
AGE
54
TENURE
2.3 yrs

Cristina De Benetti

TITLE
Independent Director
COMPENSATION
€48K
AGE
52
TENURE
2 yrs

Maria Pierdicchi

TITLE
Independent Director
COMPENSATION
€48K
AGE
61
TENURE
3 yrs

Massimo Di Fasanella di Ruffano

TITLE
Lead Independent Director
COMPENSATION
€101K
AGE
63

Alessandro Benetton

TITLE
Director
COMPENSATION
€58K
AGE
54
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Dec 18 Buy Gianmario Tondato Ruos Individual 19. Dec 18 19. Dec 18 27,000 €7.38 €199,249
X
Management checks
We assess Autogrill's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Autogrill has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Autogrill S.p.A., through its subsidiaries, provides food and beverage services for travelers in North America, Italy, and other European countries. It also sells fuel. The company manages approximately 4,000 points of sale that are operated through concessions at airports, motorways, and railway stations; and in shopping centers, trade fairs, and cultural attractions, as well as on high streets. It manages a portfolio of approximately 300 brands directly or under license. The company was founded in 1947 and is headquartered in Rozzano, Italy. Autogrill S.p.A. is a subsidiary of Schematrentaquattro S.p.A.

Details
Name: Autogrill S.p.A.
0DHJ
Exchange: LSE
Founded: 1947
€2,148,145,133
254,218,359
Website: http://www.autogrill.com
Address: Autogrill S.p.A.
Centro Direzionale Milanofiori,
Palazzo Z,
Rozzano,
Milan, 20089,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT AGL Ordinary Shares Borsa Italiana IT EUR 20. Aug 1997
OTCPK ATGS.F Ordinary Shares Pink Sheets LLC US USD 20. Aug 1997
DB AUL Ordinary Shares Deutsche Boerse AG DE EUR 20. Aug 1997
LSE 0DHJ Ordinary Shares London Stock Exchange GB EUR 20. Aug 1997
BATS-CHIXE AGLM Ordinary Shares BATS 'Chi-X Europe' GB EUR 20. Aug 1997
OTCPK ATGS.Y ADR Pink Sheets LLC US USD 24. Oct 2008
Number of employees
Current staff
Staff numbers
58,000
Autogrill employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:16
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/04/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.