BATS-CHIXE:CELLM

Stock Analysis Report

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Executive Summary

Cellularline S.p.A. manufactures and sells accessories for smartphones and tablets in Italy and internationally. More Details


Snowflake Analysis

Very undervalued with flawless balance sheet and pays a dividend.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CELLM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CELLM

-3.6%

GB Tech

-5.1%

GB Market


1 Year Return

-23.2%

CELLM

54.4%

GB Tech

-20.0%

GB Market

Return vs Industry: CELLM underperformed the UK Tech industry which returned 54.4% over the past year.

Return vs Market: CELLM underperformed the UK Market which returned -19.3% over the past year.


Shareholder returns

CELLMIndustryMarket
7 Day0%-3.6%-5.1%
30 Day0%4.9%-4.3%
90 Dayn/a13.5%-4.5%
1 Year-17.5%-23.2%56.2%54.4%-17.0%-20.0%
3 Yearn/a54.1%47.3%-13.6%-24.3%
5 Yearn/a163.9%142.4%10.2%-14.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CELLM (€5.14) is trading below our estimate of fair value (€10.62)

Significantly Below Fair Value: CELLM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CELLM is good value based on its PE Ratio (6.7x) compared to the XE Tech industry average (19.8x).

PE vs Market: CELLM is good value based on its PE Ratio (6.7x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: CELLM is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: CELLM is good value based on its PB Ratio (0.4x) compared to the XE Tech industry average (1.7x).


Next Steps

Future Growth

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

35.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CELLM's forecast earnings growth (35.9% per year) is above the savings rate (1.2%).

Earnings vs Market: CELLM's earnings (35.9% per year) are forecast to grow faster than the UK market (23.8% per year).

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

Revenue vs Market: CELLM's revenue (14.6% per year) is forecast to grow faster than the UK market (5.8% per year).

High Growth Revenue: CELLM's revenue (14.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CELLM's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

How has Cellularline performed over the past 5 years?

-0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CELLM has a large one-off loss of €3.9M impacting its June 30 2020 financial results.

Growing Profit Margin: CELLM's current net profit margins (9.6%) are lower than last year (16.2%).


Past Earnings Growth Analysis

Earnings Trend: CELLM's earnings have declined by 0.4% per year over the past 5 years.

Accelerating Growth: CELLM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CELLM had negative earnings growth (-47%) over the past year, making it difficult to compare to the Tech industry average (4%).


Return on Equity

High ROE: CELLM's Return on Equity (6.1%) is considered low.


Next Steps

Financial Health

How is Cellularline's financial position?


Financial Position Analysis

Short Term Liabilities: CELLM's short term assets (€98.9M) exceed its short term liabilities (€30.4M).

Long Term Liabilities: CELLM's short term assets (€98.9M) exceed its long term liabilities (€55.8M).


Debt to Equity History and Analysis

Debt Level: CELLM's debt to equity ratio (24.5%) is considered satisfactory.

Reducing Debt: CELLM's debt to equity ratio has reduced from 63.7% to 24.5% over the past 5 years.

Debt Coverage: CELLM's debt is well covered by operating cash flow (39.9%).

Interest Coverage: CELLM earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

8.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CELLM's dividend (8.33%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: CELLM's dividend (8.33%) is in the top 25% of dividend payers in the UK market (5.36%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CELLM has been paying a dividend for less than 10 years.

Growing Dividend: CELLM's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.2%), CELLM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CELLM's dividends in 3 years are forecast to be well covered by earnings (35.9% payout ratio).


Next Steps

Management

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


CEO

Christian Aleotti

no data

Tenure

Mr. Christian Aleotti serves as Managing Director and Director of Cellularline S.p.A. and its Vice Chairman.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Cellularline S.p.A.
  • Ticker: CELLM
  • Exchange: BATS-CHIXE
  • Founded: 1990
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: €80.547m
  • Shares outstanding: 20.04m
  • Website: https://www.cellularline.com

Number of Employees


Location

  • Cellularline S.p.A.
  • Via Grigoris Lambrakis 1/a
  • Reggio Emilia
  • Reggio Emilia
  • 42122
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CELLBIT (Borsa Italiana)YesNew Ordinary SharesITEURJun 2018
CELLMBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBEURJun 2018

Biography

Cellularline S.p.A. manufactures and sells accessories for smartphones and tablets in Italy and internationally. It offers protection and style products, such as smartphone cases, tablet cases, smartphone ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 19:41
End of Day Share Price2020/08/03 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.