BIT:SO

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

€144.2m

Last Updated

2021/07/22 23:02 UTC

Data Sources

Company Financials +

Executive Summary

Sogefi S.p.A. designs, develops, and produces filtration systems, suspension components, air management products, and engine cooling systems for the automotive industry worldwide. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-0.6%

SO

0.1%

IT Auto Components

0.1%

IT Market


1 Year Return

39.0%

SO

33.2%

IT Auto Components

20.6%

IT Market

Return vs Industry: SO exceeded the Italian Auto Components industry which returned 30% over the past year.

Return vs Market: SO exceeded the Italian Market which returned 16.8% over the past year.


Shareholder returns

SOIndustryMarket
7 Day-0.6%0.1%0.1%
30 Day-15.8%-2.0%-1.7%
90 Day-9.5%-0.2%2.5%
1 Year39.0%39.0%35.4%33.2%24.1%20.6%
3 Year-42.6%-42.6%-21.2%-24.6%15.3%4.9%
5 Year-19.6%-19.6%-4.0%-14.6%41.1%13.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

48.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SO (€1.22) is trading below our estimate of fair value (€2.36)

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


Price To Earnings Ratio

PE vs Industry: SO is unprofitable, so we can't compare its PE Ratio to the European Auto Components industry average.

PE vs Market: SO is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SO's PB Ratio (1.1x) is in line with the IT Auto Components industry average.


Future Growth

How is Sogefi forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

36.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: SO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SO's is expected to become profitable in the next 3 years.

Revenue vs Market: SO's revenue (3.5% per year) is forecast to grow faster than the Italian market (2.8% per year).

High Growth Revenue: SO's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SO's Return on Equity is forecast to be high in 3 years time (20.6%)


Past Performance

How has Sogefi performed over the past 5 years?

-34.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SO is currently unprofitable.

Growing Profit Margin: SO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SO is unprofitable, and losses have increased over the past 5 years at a rate of 34.6% per year.

Accelerating Growth: Unable to compare SO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SO is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-29.7%).


Return on Equity

High ROE: SO has a negative Return on Equity (-2.89%), as it is currently unprofitable.


Financial Health

How is Sogefi's financial position?


Financial Position Analysis

Short Term Liabilities: SO's short term assets (€521.2M) do not cover its short term liabilities (€538.6M).

Long Term Liabilities: SO's short term assets (€521.2M) do not cover its long term liabilities (€594.4M).


Debt to Equity History and Analysis

Debt Level: SO's debt to equity ratio (296.6%) is considered high.

Reducing Debt: SO's debt to equity ratio has increased from 237.6% to 296.6% over the past 5 years.

Debt Coverage: SO's debt is well covered by operating cash flow (23.4%).

Interest Coverage: SO's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Dividend

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

1.87%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: SO is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SO's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Frédéric Sipahi

0.50

Tenure

Frédéric Sipahi has been Air & Cooling Business Unit CEO and Filtration Business Unit CEO at Sogefi SpA since March 2019 and also serves its Chief Executive Officer and General Manager since 2021 and serve...


Leadership Team

Experienced Management: SO's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: SO'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

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


Key Information

  • Name: Sogefi S.p.A.
  • Ticker: SO
  • Exchange: BIT
  • Founded: 1980
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €144.191m
  • Shares outstanding: 118.00m
  • Website: https://www.sogefigroup.com

Number of Employees


Location

  • Sogefi S.p.A.
  • Via Ciovassino 1/a
  • Milan
  • Milan
  • 20121
  • Italy

Listings


Biography

Sogefi S.p.A. designs, develops, and produces filtration systems, suspension components, air management products, and engine cooling systems for the automotive industry worldwide. The company operates thro...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/22 23:02
End of Day Share Price2021/07/22 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.