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0RTI

doValue LSE:0RTI Stock Report

Last Price

€5.77

Market Cap

€457.2m

7D

-3.0%

1Y

-42.5%

Updated

17 Sep, 2022

Data

Company Financials +
0RTI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends2/6

0RTI Stock Overview

doValue S.p.A. primarily manages non-performing loans for banks, investors, individuals, and public and private financial institutions in Spain, Portugal, Greece, Cyprus, and Italy.

doValue Competitors

Price History & Performance

Summary of all time highs, changes and price drops for doValue
Historical stock prices
Current Share Price€5.77
52 Week High€10.84
52 Week Low€5.42
Beta1.76
1 Month Change-5.10%
3 Month Change-3.11%
1 Year Change-42.53%
3 Year Change-45.67%
5 Year Change-46.88%
Change since IPO-47.45%

Recent News & Updates

Shareholder Returns

0RTIGB Diversified FinancialGB Market
7D-3.0%-1.0%-1.6%
1Y-42.5%-0.9%-10.6%

Return vs Industry: 0RTI underperformed the UK Diversified Financial industry which returned -0.9% over the past year.

Return vs Market: 0RTI underperformed the UK Market which returned -10.6% over the past year.

Price Volatility

Is 0RTI's price volatile compared to industry and market?
0RTI volatility
0RTI Average Weekly Movement4.8%
Diversified Financial Industry Average Movement3.6%
Market Average Movement5.3%
10% most volatile stocks in GB Market11.0%
10% least volatile stocks in GB Market2.6%

Stable Share Price: 0RTI is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 0RTI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20153,235Andrea Mangonihttps://www.dovalue.it

doValue S.p.A. primarily manages non-performing loans for banks, investors, individuals, and public and private financial institutions in Spain, Portugal, Greece, Cyprus, and Italy. The company’s services include debt collection and loan recovery, management of lease payments, due diligence, structuring, and co-investment. It also provides ancillary products, including the collection, processing, and provision of commercial, real estate, and legal information relating to debtors, as well as the provision of legal services; and real estate services.

doValue Fundamentals Summary

How do doValue's earnings and revenue compare to its market cap?
0RTI fundamental statistics
Market Cap€457.19m
Earnings (TTM)€37.49m
Revenue (TTM)€583.86m

12.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
0RTI income statement (TTM)
Revenue€583.86m
Cost of Revenue€56.01m
Gross Profit€527.85m
Other Expenses€490.36m
Earnings€37.49m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 10, 2022

Earnings per share (EPS)0.47
Gross Margin90.41%
Net Profit Margin6.42%
Debt/Equity Ratio327.4%

How did 0RTI perform over the long term?

See historical performance and comparison

Dividends

8.6%

Current Dividend Yield

105%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 0RTI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0RTI?

Other financial metrics that can be useful for relative valuation.

0RTI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA5.7x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 0RTI's PE Ratio compare to its peers?

0RTI PE Ratio vs Peers
The above table shows the PE ratio for 0RTI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.4x
PLUS Plus500
4.7x-24.6%UK£1.6b
LIT Litigation Capital Management
12.1x62.9%UK£89.6m
DUKE Duke Royalty
6.8x6.6%UK£139.0m
VCAP Vector Capital
9.9xn/aUK£24.7m
0RTI doValue
12.2x28.3%€457.2m

Price-To-Earnings vs Peers: 0RTI is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does 0RTI's PE Ratio compare vs other companies in the European Diversified Financial Industry?

Price-To-Earnings vs Industry: 0RTI is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the European Diversified Financial industry average (9.4x)


Price to Earnings Ratio vs Fair Ratio

What is 0RTI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0RTI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: 0RTI is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).


Share Price vs Fair Value

What is the Fair Price of 0RTI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0RTI (€5.77) is trading below our estimate of fair value (€6.62)

Significantly Below Fair Value: 0RTI is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is doValue forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


28.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RTI's forecast earnings growth (28.3% per year) is above the savings rate (0.9%).

Earnings vs Market: 0RTI's earnings (28.3% per year) are forecast to grow faster than the UK market (8.8% per year).

High Growth Earnings: 0RTI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0RTI's revenue is expected to decline over the next 3 years (-1.2% per year).

High Growth Revenue: 0RTI's revenue is forecast to decline over the next 3 years (-1.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0RTI's Return on Equity is forecast to be high in 3 years time (33.1%)


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Past Performance

How has doValue performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-35.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 0RTI has a large one-off loss of €23.0M impacting its June 30 2022 financial results.

Growing Profit Margin: 0RTI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 0RTI's earnings have declined by 35.9% per year over the past 5 years.

Accelerating Growth: 0RTI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 0RTI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Diversified Financial industry (29.2%).


Return on Equity

High ROE: Whilst 0RTI's Return on Equity (26.93%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is doValue's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 0RTI's short term assets (€410.4M) exceed its short term liabilities (€271.2M).

Long Term Liabilities: 0RTI's short term assets (€410.4M) do not cover its long term liabilities (€702.5M).


Debt to Equity History and Analysis

Debt Level: 0RTI's net debt to equity ratio (259.8%) is considered high.

Reducing Debt: 0RTI's debt to equity ratio has increased from 5.7% to 327.4% over the past 5 years.

Debt Coverage: 0RTI's debt is not well covered by operating cash flow (10.5%).

Interest Coverage: 0RTI's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


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Dividend

What is doValue current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 0RTI's dividend (8.65%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: 0RTI's dividend (8.65%) is in the top 25% of dividend payers in the UK market (5.61%)


Stability and Growth of Payments

Stable Dividend: 0RTI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 0RTI's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (105.3%), 0RTI's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 0RTI is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.0yrs

Average board tenure


CEO

Andrea Mangoni (59 yo)

6.42yrs

Tenure

Mr. Andrea Mangoni serves as Director for Atlantia SpA since 2022. He serves as Chief Executive Officer and Director at doValue SpA (Former Name: doBank SpA) since April 2016 and March 2016 respectively. M...


Board Members

Experienced Board: 0RTI's board of directors are considered experienced (4 years average tenure).


Ownership

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.


Recent Insider Transactions

LSE:0RTI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
29 Nov 21Buy€8,771,839F Npl DACCompany1,066,895€8.59
29 Nov 21Buy€966,142F Npl Ma DacCompany117,542€8.59

Ownership Breakdown

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


Top Shareholders

Top 25 shareholders own 72.36% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
25.03%
Avio S.à r.l.
19,796,429€114.2m0%no data
9.99%
Sankaty European Investments S.à R.L.
7,902,766€45.6m0%no data
6.54%
Jupiter Fund Management Plc
5,173,941€29.9m0%0.09%
5.31%
Global Alpha Capital Management Ltd.
4,197,949€24.2m5%0.97%
5.02%
Schroder Investment Management Limited
3,968,769€22.9m1.37%0.02%
2.53%
F Npl DAC
1,998,560€11.5m0%no data
2.49%
Schroder Investment Management North America Inc.
1,969,429€11.4m0%0.04%
2.41%
The Vanguard Group, Inc.
1,906,712€11.0m2.55%no data
1.84%
Amundi Asset Management
1,452,319€8.4m4.61%no data
1.64%
Degroof Petercam Asset Management
1,298,471€7.5m0%0.05%
1.52%
AXA Investment Managers S.A.
1,200,000€6.9m0%0.01%
1.18%
Fideuram Investimenti SGR S.p.A.
937,117€5.4m0%0.24%
1.09%
Janus Henderson Group plc
863,670€5.0m0%no data
1.06%
Norges Bank Investment Management
840,410€4.8m0%no data
0.67%
Deka Investment GmbH
529,500€3.1m0%no data
0.64%
BlackRock, Inc.
508,624€2.9m-0.58%no data
0.61%
Eurizon Capital SGR S.p.A.
480,512€2.8m0%0.01%
0.53%
Aegon Asset Management UK Plc
417,355€2.4m-2.14%0.01%
0.39%
Eurizon Capital S.A.
310,000€1.8m0%0.01%
0.36%
Lupus alpha Investment GmbH
285,000€1.6m0%0.29%
0.32%
FIG LLC
250,518€1.4m0%no data
0.32%
Azimut Capital Management Sgr SpA
250,109€1.4m-30.45%0.03%
0.32%
Universal-Investment-Gesellschaft Mit BeschrÄNkter Haftung
250,000€1.4m0%0.01%
0.28%
Artemis Investment Management LLP
225,317€1.3m0%0.01%
0.28%
F Npl Ma Dac
221,148€1.3m0%no data

Company Information

doValue S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: doValue S.p.A.
  • Ticker: 0RTI
  • Exchange: LSE
  • Founded: 2015
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: €457.186m
  • Shares outstanding: 79.10m
  • Website: https://www.dovalue.it

Number of Employees


Location

  • doValue S.p.A.
  • Viale dell'Agricoltura, 7
  • Verona
  • Verona
  • 37135
  • Italy


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DOVBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2017
1DBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2017
DOVMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2017
0RTILSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2017
DOVX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/17 00:00
End of Day Share Price2022/09/16 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.