Landi Renzo (BIT:LR) - Share price, News & Analysis

LR fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

LR Stock Overview

Landi Renzo S.p.A. designs, produces, installs, and sells LPG and CNG fuel supply systems in Italy, Europe, America, Asia, and Rest of the World.

Rewards

Trading at 11.6% below our estimate of its fair value

Earnings are forecast to grow 67.25% per year

Became profitable this year

Risk Analysis

Debt is not well covered by operating cash flow

Volatile share price over the past 3 months

Does not have a meaningful market cap (€91M)

Landi Renzo Competitors

Bosch

BSE:500530

₹416.6b

Westport Fuel Systems

TSX:WPRT

CA$258.5m

Omnitek Engineering

OTCPK:OMTK

US$1.2m

Price History & Performance

Summary of all time highs, changes and price drops for Landi Renzo
Historical stock prices
Current Share Price	€0.81
52 Week High	€1.07
52 Week Low	€0.65
Beta	1.8
1 Month Change	-4.17%
3 Month Change	-2.07%
1 Year Change	-16.15%
3 Year Change	-31.78%
5 Year Change	66.19%
Change since IPO	-81.56%

Shareholder Returns

	LR	IT Auto Components	IT Market
7D	-1.2%	-3.2%	-0.5%
1Y	-16.1%	-3.5%	-5.0%

Return vs Industry: LR underperformed the Italian Auto Components industry which returned -2.3% over the past year.

Return vs Market: LR underperformed the Italian Market which returned -5.5% over the past year.

Price Volatility

Is LR's price volatile compared to industry and market?
LR volatility
LR Average Weekly Movement	7.7%
Auto Components Industry Average Movement	6.4%
Market Average Movement	6.1%
10% most volatile stocks in IT Market	8.5%
10% least volatile stocks in IT Market	3.8%

Stable Share Price: LR is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: LR's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

Founded	Employees	CEO	Website
1954	965	Cristiano Musi	https://www.landirenzogroup.com

Landi Renzo S.p.A. designs, produces, installs, and sells LPG and CNG fuel supply systems in Italy, Europe, America, Asia, and Rest of the World. The company offers LPG and CNG alternative fuel systems for vehicles, including electro-mechanical components, such as pressure regulators, injectors, electrovalves, and multivalves; electronic devices comprising electronic control units, switches-indicators, timing advanced processors, and other accessories; and vehicle safety and mobility devices. It also designs and builds components and infrastructures for various applications that include CNG refuelling stations and systems for automotive purposes; compressors and auxiliary systems for processing gas from the extraction phase to final distribution; and systems for transforming biogas into biomethane.

Landi Renzo Fundamentals Summary

How do Landi Renzo's earnings and revenue compare to its market cap?
LR fundamental statistics
Market Cap	€90.56m
Earnings (TTM)	€34.00k
Revenue (TTM)	€275.65m

2,683x

P/E Ratio

0.3x

P/S Ratio

Is LR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
LR income statement (TTM)
Revenue	€275.65m
Cost of Revenue	€218.51m
Gross Profit	€57.14m
Other Expenses	€57.11m
Earnings	€34.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Sep 09, 2022

Earnings per share (EPS)	0.0003
Gross Margin	20.73%
Net Profit Margin	0.012%
Debt/Equity Ratio	279.7%

How did LR perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

11.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: LR (€0.81) is trading below our estimate of fair value (€0.91)

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

Price To Earnings Ratio

PE vs Industry: LR is poor value based on its PE Ratio (2683.3x) compared to the Italian Auto Components industry average (12.2x).

PE vs Market: LR is poor value based on its PE Ratio (2683.3x) compared to the Italian market (17.7x).

Price to Earnings Growth Ratio

PEG Ratio: LR is poor value based on its PEG Ratio (39.9x)

Price to Book Ratio

PB vs Industry: LR is overvalued based on its PB Ratio (1.7x) compared to the IT Auto Components industry average (0.9x).

Future Growth

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

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

67.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LR's forecast earnings growth (67.2% per year) is above the savings rate (1.7%).

Earnings vs Market: LR's earnings (67.2% per year) are forecast to grow faster than the Italian market (9.5% per year).

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

Revenue vs Market: LR's revenue (8% per year) is forecast to grow faster than the Italian market (0.06% per year).

High Growth Revenue: LR's revenue (8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LR's Return on Equity is forecast to be low in 3 years time (11.9%).

Past Performance

How has Landi Renzo performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

13.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LR has high quality earnings.

Growing Profit Margin: LR became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: LR has become profitable over the past 5 years, growing earnings by 13.2% per year.

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

Earnings vs Industry: LR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (38%).

Return on Equity

High ROE: LR's Return on Equity (2.6%) is considered low.

Financial Health

How is Landi Renzo'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: LR's short term assets (€213.8M) exceed its short term liabilities (€182.6M).

Long Term Liabilities: LR's short term assets (€213.8M) exceed its long term liabilities (€132.1M).

Debt to Equity History and Analysis

Debt Level: LR's net debt to equity ratio (217.6%) is considered high.

Reducing Debt: LR's debt to equity ratio has increased from 177.7% to 279.7% over the past 5 years.

Debt Coverage: LR's debt is not well covered by operating cash flow (4.3%).

Interest Coverage: Insufficient data to determine if LR's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is Landi Renzo current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate LR'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 LR's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: LR is not paying a notable dividend for the Italian market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LR has not reported any payouts.

Discover strong dividend paying companies

Management

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

5.5yrs

Average board tenure

CEO

Cristiano Musi (47 yo)

5.08yrs

Tenure

€368,613

Compensation

Mr. Cristiano Musi has been Chief Executive Officer and General Manager of Landi Renzo S.p.A. since April 28, 2017. Mr. Musi served as General Manager of Landi Renzo S.p.A. since December 12, 2016 until Ju...

CEO Compensation Analysis

Compensation vs Market: Cristiano's total compensation ($USD393.90K) is about average for companies of similar size in the Italian market ($USD312.35K).

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

Board Members

Experienced Board: LR's board of directors are considered experienced (5.5 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31