BIT:EMC

Stock Analysis Report

Executive Summary

Energica Motor Company S.p.A. manufactures and sells racing-bred electric motorcycles in Italy and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Risks

  • Energica Motor is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.2%

BIT:EMC

2.5%

IT Auto

0.8%

IT Market


1 Year Return

-47.5%

BIT:EMC

-20.2%

IT Auto

-3.4%

IT Market

EMC underperformed the Auto industry which returned -20.2% over the past year.

EMC underperformed the Market in Italy which returned -3.4% over the past year.


Share holder returns

EMCIndustryMarket
7 Day2.2%2.5%0.8%
30 Day-1.3%-8.3%-5.5%
90 Day-4.1%-0.9%-0.9%
1 Year-47.5%-47.5%-8.1%-20.2%0.8%-3.4%
3 Year-18.5%-18.5%108.5%80.1%19.8%3.2%
5 Yearn/a1.7%-13.7%7.6%-34.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Energica Motor is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Energica Motor has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of EMC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Energica Motor regulatory filings.
  • Explore potentially undervalued companies in the Automobiles industry.

Future Growth

How is Energica Motor expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.7%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Energica Motor has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Energica Motor performed over the past 5 years?

-41.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Energica Motor does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Energica Motor's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Energica Motor's 1-year growth to the Europe Auto industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Energica Motor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Energica Motor has efficiently used its assets last year compared to the Europe Auto industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Energica Motor improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Energica Motor's financial position?


Financial Position Analysis

Energica Motor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Energica Motor's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Energica Motor's level of debt (37%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Energica Motor's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.2x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Energica Motor has less than a year of cash runway based on current free cash flow.

Energica Motor has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.7% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Energica Motor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Energica Motor's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Energica Motor has not reported any payouts.

Unable to verify if Energica Motor's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Energica Motor has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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


CEO

Livia Cevolini (41yo)

5.6yrs

Tenure

0

Eng. Livia Cevolini has been Chief Executive Officer of Energica Motor Company S.p.A. since 2014 and serves as its Head of Sales and Marketing. Eng. Cevolini served as head of the Energica project, initial ...


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Sell€79,77930 Jul 19
CRP Service SRL
EntityCompany
Shares30,000
Max Price€2.66
Sell€10,40010 Apr 19
CRP Service SRL
EntityCompany
Shares4,000
Max Price€2.60
Sell€169,40014 Mar 19
CRP Service SRL
EntityCompany
Shares66,000
Max Price€2.76

Ownership Breakdown


Management Team

  • Livia Cevolini (41yo)

    CEO, Head of Sales & Marketing and Director

    • Tenure: 5.6yrs
  • Andrea Vezzani (53yo)

    CFO & Executive Director

    • Tenure: 0.0yrs
  • Giampiero Testoni (41yo)

    CTO, Head of Security Prevention & Protection

    • Tenure: 0.0yrs
  • Carlo Iacovini

    Head of Corporate Relations

    • Tenure: 0.0yrs
  • Riccardo Ancilotto

    Head of Sales Strategy and Sales Professional

    • Tenure: 0.0yrs
  • Marcello Gnani

    Head of PSO

    • Tenure: 0.0yrs
  • V. Pagliani

    HR Manager

    • Tenure: 0.0yrs
  • S. Pennisi

    Head of Purchasing

    • Tenure: 0.0yrs

Board Members

  • Livia Cevolini (41yo)

    CEO, Head of Sales & Marketing and Director

    • Tenure: 5.6yrs
  • Andrea Vezzani (53yo)

    CFO & Executive Director

    • Tenure: 0.0yrs
  • Franco Cevolini (47yo)

    Chairman of the Board

    • Tenure: 0.0yrs
  • Giampiero Testoni (41yo)

    CTO, Head of Security Prevention & Protection

    • Tenure: 0.0yrs
  • Stefano Selmi

    Chairman of the Board of Statutory Auditors

    • Tenure: 0.0yrs
  • Mario Tonioni

    Statutory Auditor

    • Tenure: 0.0yrs
  • Massimo Tonioni

    Statutory Auditor

    • Tenure: 0.0yrs

Company Information

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


Key Information

  • Name: Energica Motor Company S.p.A.
  • Ticker: EMC
  • Exchange: BIT
  • Founded:
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Market Cap: €39.519m
  • Shares outstanding: 17.11m
  • Website: https://www.energicamotor.com

Location

  • Energica Motor Company S.p.A.
  • Via Cesare della Chiesa, 150
  • Modena
  • Modena
  • 41126
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMCBIT (Borsa Italiana)YesCommon StockITEURJan 2016
EM8DB (Deutsche Boerse AG)YesCommon StockDEEURJan 2016

Biography

Energica Motor Company S.p.A. manufactures and sells racing-bred electric motorcycles in Italy and internationally. The company is headquartered in Modena, Italy. Energica Motor Company S.p.A. is a subsidi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 21:40
End of Day Share Price2019/08/23 00:00
Earnings2018/12/31
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.