BATS-CHIXE:GEM

Stock Analysis Report

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Executive Summary

Gefran S.p.A., together with its subsidiaries, designs and produces automation components and industrial process control systems worldwide. More Details


Snowflake Analysis

Very undervalued with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

GEM

-3.5%

GB Electronic

-5.1%

GB Market


1 Year Return

-32.3%

GEM

19.4%

GB Electronic

-20.0%

GB Market

Return vs Industry: GEM underperformed the UK Electronic industry which returned 20.9% over the past year.

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


Shareholder returns

GEMIndustryMarket
7 Day0%-3.5%-5.1%
30 Day0%0.5%-4.3%
90 Day-2.1%8.1%-4.5%
1 Year-32.3%-32.3%20.4%19.4%-17.0%-20.0%
3 Year-53.1%-57.0%35.1%29.8%-13.6%-24.3%
5 Year102.9%81.2%141.2%124.1%10.2%-14.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

26.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GEM (€4.7) is trading below our estimate of fair value (€6.39)

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


Price To Earnings Ratio

PE vs Industry: GEM is good value based on its PE Ratio (14.2x) compared to the GB Electronic industry average (27.5x).

PE vs Market: GEM is good value based on its PE Ratio (14.2x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: GEM is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: GEM is good value based on its PB Ratio (0.8x) compared to the GB Electronic industry average (2.3x).


Next Steps

Future Growth

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

39.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GEM's forecast earnings growth (39.5% per year) is above the savings rate (1.2%).

Earnings vs Market: GEM's earnings (39.5% 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: GEM's revenue (2.8% per year) is forecast to grow slower than the UK market (5.8% per year).

High Growth Revenue: GEM's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GEM's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Gefran performed over the past 5 years?

39.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GEM has high quality earnings.

Growing Profit Margin: GEM's current net profit margins (3.1%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: GEM has become profitable over the past 5 years, growing earnings by 39.4% per year.

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

Earnings vs Industry: GEM had negative earnings growth (-48.9%) over the past year, making it difficult to compare to the Electronic industry average (-2.1%).


Return on Equity

High ROE: GEM's Return on Equity (5.5%) is considered low.


Next Steps

Financial Health

How is Gefran's financial position?


Financial Position Analysis

Short Term Liabilities: GEM's short term assets (€92.8M) exceed its short term liabilities (€50.2M).

Long Term Liabilities: GEM's short term assets (€92.8M) exceed its long term liabilities (€35.4M).


Debt to Equity History and Analysis

Debt Level: GEM's debt to equity ratio (56.4%) is considered high.

Reducing Debt: GEM's debt to equity ratio has reduced from 78.5% to 56.4% over the past 5 years.

Debt Coverage: GEM's debt is well covered by operating cash flow (36.7%).

Interest Coverage: GEM's interest payments on its debt are well covered by EBIT (17.9x coverage).


Balance Sheet


Next Steps

Dividend

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

6.65%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GEM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GEM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GEM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GEM's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GEM'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?

2.5yrs

Average board tenure


CEO

Marcello Perini

no data

Tenure

€164,155

Compensation

Mr. Marcello Perini is the Chief Executive Officer at Gefran S.p.A. Mr. Perini has been Director at Gefran SpA. since December 16, 2019 and had been its Director of Sensors and Automation Components Busine ...


CEO Compensation Analysis

Compensation vs Market: Marcello's total compensation ($USD0.00) is below average for companies of similar size in the UK market ($USD349.56K).

Compensation vs Earnings: Insufficient data to compare Marcello's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Marcello Perini
CEO & Directorno data€164.16kno data
Ernesto Metraglia
Secretary of Board of Directors and Director of the Colombera S p Ano datano datano data
Ennio Franceschetti
Honorary Chairman2.5yrs€450.02k3.51%
€ 2.1m
Maria Franceschetti
Chairman of the Board2.5yrs€214.33kno data
Giovanna Franceschetti
Vice Chairperson of the Board2.5yrs€82.22kno data
Andrea Franceschetti
Vice Chairperson of the Board2.5yrs€133.27kno data
Daniele Piccolo
Independent Director8yrs€25.50kno data
Monica Vecchiati
Independent Director6.5yrs€27.50kno data
Cristina Mollis
Independent Director0.50yrno datano data
Marco Gregorini
Chairman of the Board of Statutory Auditorsno data€20.00kno data
Roberta Dell'Apa
Member of the Board of Statutory Auditorsno datano datano data
Giorgio Metta
Independent Director0.50yrno datano data

2.5yrs

Average Tenure

51yo

Average Age

Experienced Board: GEM's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: Gefran S.p.A.
  • Ticker: GEM
  • Exchange: BATS-CHIXE
  • Founded:
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: €58.785m
  • Shares outstanding: 14.37m
  • Website: https://www.gefran.com

Number of Employees


Location

  • Gefran S.p.A.
  • Via Sebina, 74
  • Provaglio D'iseo
  • Brescia
  • 25050
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GEBIT (Borsa Italiana)YesCommon SharesITEURJun 1998
0EKILSE (London Stock Exchange)YesCommon SharesGBEURJun 1998
GEMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJun 1998
GF7DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1998

Biography

Gefran S.p.A., together with its subsidiaries, designs and produces automation components and industrial process control systems worldwide. It operates through three segments: Sensors, Automation Component ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 19:33
End of Day Share Price2020/09/02 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.