LSE:0O2B

Stock Analysis Report

Executive Summary

Gruppo MutuiOnline S.p.A., through its subsidiaries, provides retail credit and insurance brokerage, and credit-related outsourcing services in Italy.


Snowflake Analysis

Acceptable track record with limited growth.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 0O2B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

0O2B

-14.8%

GB Consumer Finance

-2.2%

GB Market


1 Year Return

n/a

0O2B

-72.5%

GB Consumer Finance

-25.9%

GB Market

Return vs Industry: Insufficient data to determine how 0O2B performed against the UK Consumer Finance industry.

Return vs Market: Insufficient data to determine how 0O2B performed against the UK Market.


Shareholder returns

0O2BIndustryMarket
7 Day0%-14.8%-2.2%
30 Day-36.2%-54.8%-21.7%
90 Day-31.5%-59.3%-29.6%
1 Yearn/a-71.2%-72.5%-22.2%-25.9%
3 Year47.1%38.4%-82.9%-87.8%-16.1%-26.6%
5 Year98.3%79.5%-82.9%-88.5%-4.6%-26.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

14.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0O2B (€13.84) is trading above our estimate of fair value (€9.73)

Significantly Below Fair Value: 0O2B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0O2B is poor value based on its PE Ratio (14.5x) compared to the Consumer Finance industry average (4.9x).

PE vs Market: 0O2B is poor value based on its PE Ratio (14.5x) compared to the UK market (12.3x).


Price to Earnings Growth Ratio

PEG Ratio: 0O2B is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: 0O2B is overvalued based on its PB Ratio (6.1x) compared to the GB Consumer Finance industry average (0.6x).


Next Steps

Future Growth

How is Gruppo MutuiOnline forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0O2B's forecast earnings growth (3.3% per year) is above the savings rate (0.5%).

Earnings vs Market: 0O2B's earnings (3.3% per year) are forecast to grow slower than the UK market (15.4% per year).

High Growth Earnings: 0O2B's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0O2B's revenue (1.5% per year) is forecast to grow slower than the UK market (2.6% per year).

High Growth Revenue: 0O2B's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0O2B's Return on Equity is forecast to be high in 3 years time (24.4%)


Next Steps

Past Performance

How has Gruppo MutuiOnline performed over the past 5 years?

22.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0O2B has high quality earnings.

Growing Profit Margin: 0O2B's current net profit margins (17.3%) are lower than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: 0O2B's earnings have grown significantly by 22.7% per year over the past 5 years.

Accelerating Growth: 0O2B's earnings growth over the past year (18.3%) is below its 5-year average (22.7% per year).

Earnings vs Industry: 0O2B earnings growth over the past year (18.3%) exceeded the Consumer Finance industry 12.7%.


Return on Equity

High ROE: Whilst 0O2B's Return on Equity (37.68%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Gruppo MutuiOnline's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 0O2B has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0O2B's debt is not covered by short term assets (assets are 1x debt).


Financial Institutions Analysis

Asset Level: 0O2B's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 0O2B has a sufficient allowance for bad loans.

Low Risk Liabilities: 0O2B reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 0O2B has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0O2B has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 0O2B has an appropriate level of bad loans.


Next Steps

Dividend

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

0.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 0O2B's dividend (0.82%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.66%).

High Dividend: 0O2B's dividend (0.82%) is low compared to the top 25% of dividend payers in the UK market (7.42%).


Stability and Growth of Payments

Stable Dividend: 0O2B is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: 0O2B is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 0O2B is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0O2B's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.5yrs

Average board tenure


CEO

Alessandro Fracassi (50yo)

12s

Tenure

€714,000

Compensation

Mr. Alessandro Fracassi has been the Chief Executive Officer of Gruppo MutuiOnline S.p.A since April 24, 2008 and serves as Chief Executive Officer of BPO Division. Mr. Fracassi served as the Chief Executi ...


CEO Compensation Analysis

Compensation vs Market: Alessandro's total compensation ($USD770.31K) is about average for companies of similar size in the UK market ($USD1.01M).

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


Board Members

NamePositionTenureCompensationOwnership
Marco Pescarmona
Chairman12yrs€725.00kno data
Alessandro Fracassi
CEO & Executive Director12yrs€714.00k0.44% 2.4m
Fausto Boni
Non-Executive Director13.92yrs€12.00k0.36% 2.0m
Valeria Lattuada
Lead-Independent director3.25yrs€14.00kno data
Chiara Damiana Burberi
Independent Non-Executive Director6yrs€22.00kno data
Anna Artoni
Independent Non-Executive Director6yrs€17.00kno data
Marco Zampetti
Non-Executive Director12.83yrs€19.00k0.040% 218.7k
Matteo Carlo Brabant
Independent Non-Executive Director9yrs€20.00kno data
Klaus Gummerer
Independent Non-Executive Director7.42yrs€25.00kno data
Stefano Gnocchi
Chairman of the Board of Statutory Auditors13.92yrsno datano data

10.5yrs

Average Tenure

49yo

Average Age

Experienced Board: 0O2B's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 0O2B insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Gruppo MutuiOnline S.p.A
  • Ticker: 0O2B
  • Exchange: LSE
  • Founded:
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: €547.988m
  • Shares outstanding: 37.58m
  • Website: https://www.gruppomol.it

Number of Employees


Location

  • Gruppo MutuiOnline S.p.A
  • Via Desenzano 2
  • Milan
  • Milan
  • 20146
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOLBIT (Borsa Italiana)YesCommon StockITEURJun 2007
MNLDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2007
0O2BLSE (London Stock Exchange)YesCommon StockGBEURJun 2007
MOLMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJun 2007

Biography

Gruppo MutuiOnline S.p.A., through its subsidiaries, provides retail credit and insurance brokerage, and credit-related outsourcing services in Italy. The company’s Broking division distributes mortgage loans through a network of agents and through mutuionline.it Website; consumer loans through prestitionline.it Website; and motor third party liability and other motor insurance products through cercassicurazioni.it Website. This division also operates as an aggregator for bank accounts with the confrontaconti.it Website, as well as for ADSL, electricity, gas, and pay tv utilities with the segugio.it Website; and offers e-commerce comparison and promotion through the trovaprezzi.it Website. Its Business Process Outsourcing division offers outsourcing services for banks, credit institutions, insurance companies, and asset management companies, which consists of remote loan sales and packaging; mortgage underwriting and closing services; real estate valuation and para-notarial services; loan application processing and portfolio management services for loans guaranteed by withholdings on salaries or pensions; outsourcing services for the management of mass not-motor insurance claims and asset management industry; and administrative outsourcing services for leasing and long-term rental operators. The company is based in Milan, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 22:42
End of Day Share Price2020/04/02 00:00
Earnings2019/09/30
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.