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CMB

CembreBIT:CMB Stock Report

Market Cap

€463.8m

7D

-0.7%

1Y

63.9%

Updated

16 Oct, 2021

Data

Company Financials +
CMB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends4/6

CMB Overview

Cembre S.p.A., together with its subsidiaries, manufactures and sells electrical connectors and related tools in Italy, rest of Europe, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Cembre
Historical stock prices
Current Share Price€27.70
52 Week High€14.75
52 Week Low€28.20
Beta1.36
1 Month Change0%
3 Month Change23.11%
1 Year Change63.91%
3 Year Change36.79%
5 Year Change124.84%
Change since IPO812.16%

Recent News & Updates

May 31
These 4 Measures Indicate That Cembre (BIT:CMB) Is Using Debt Reasonably Well

These 4 Measures Indicate That Cembre (BIT:CMB) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Mar 19
The Returns At Cembre (BIT:CMB) Provide Us With Signs Of What's To Come

The Returns At Cembre (BIT:CMB) Provide Us With Signs Of What's To Come

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

CMBIT ElectricalIT Market
7D-0.7%6.3%1.9%
1Y63.9%25.2%34.2%

Return vs Industry: CMB exceeded the Italian Electrical industry which returned 25.2% over the past year.

Return vs Market: CMB exceeded the Italian Market which returned 34.2% over the past year.

Price Volatility

Is CMB's price volatile compared to industry and market?
CMB volatility
CMB Beta1.36
Industry Beta1.34
Market Beta1

Stable Share Price: CMB is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CMB's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969723Giovanni Rosanihttps://www.cembre.it

Cembre S.p.A., together with its subsidiaries, manufactures and sells electrical connectors and related tools in Italy, rest of Europe, and internationally. The company offers pre-insulated, un-insulated, and other types of electrical connectors, as well as flexible braids for earthing moving elements; mechanical tools for crimping electrical connectors, and cutting and preparing cables; hydraulic tools for crimping electrical connectors, and cutting and preparing conductors; products for railway electrical connections; and machinery for track maintenance; and hand tools. It also provides cable glands and fixing components, brass and steel cable glands and fixing components, brass extensions, brass reducer bushes and converters, rutaseal grommets, and modular retaining clips; and identification and labeling systems, such as thermal transfer systems, manual cable marking systems, document wallets, and warning labels.

Cembre Fundamentals Summary

How do Cembre's earnings and revenue compare to its market cap?
CMB fundamental statistics
Market Cap€463.75m
Earnings (TTM)€26.03m
Revenue (TTM)€157.18m

17.8x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMB income statement (TTM)
Revenue€157.18m
Cost of Revenue€65.00m
Gross Profit€92.18m
Expenses€66.16m
Earnings€26.03m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)1.55
Gross Margin58.64%
Net Profit Margin16.56%
Debt/Equity Ratio12.9%

How did CMB perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

58%

Payout Ratio

Valuation

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

17.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CMB (€27.7) is trading above our estimate of fair value (€18.29)

Significantly Below Fair Value: CMB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CMB is good value based on its PE Ratio (17.8x) compared to the European Electrical industry average (24.2x).

PE vs Market: CMB is good value based on its PE Ratio (17.8x) compared to the Italian market (19x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CMB is good value based on its PB Ratio (2.8x) compared to the IT Electrical industry average (3x).


Future Growth

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

4.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CMB's forecast earnings growth is above the savings rate (1.8%).

Earnings vs Market: Insufficient data to determine if CMB's earnings are forecast to grow faster than the Italian market

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

Revenue vs Market: CMB's revenue (4.1% per year) is forecast to grow faster than the Italian market (2.1% per year).

High Growth Revenue: CMB's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CMB's Return on Equity is forecast to be low in 3 years time (14.4%).


Past Performance

How has Cembre performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMB has high quality earnings.

Growing Profit Margin: CMB's current net profit margins (16.6%) are higher than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: CMB's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: CMB's earnings growth over the past year (53.9%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: CMB earnings growth over the past year (53.9%) underperformed the Electrical industry 53.9%.


Return on Equity

High ROE: CMB's Return on Equity (15.8%) is considered low.


Financial Health

How is Cembre's financial position?


Financial Position Analysis

Short Term Liabilities: CMB's short term assets (€120.8M) exceed its short term liabilities (€51.2M).

Long Term Liabilities: CMB's short term assets (€120.8M) exceed its long term liabilities (€10.7M).


Debt to Equity History and Analysis

Debt Level: CMB's debt to equity ratio (12.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CMB's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CMB's debt is well covered by operating cash flow (151.9%).

Interest Coverage: CMB's interest payments on its debt are well covered by EBIT (355.9x coverage).


Balance Sheet


Dividend

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

3.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CMB's dividend (3.25%) is higher than the bottom 25% of dividend payers in the Italian market (1.03%).

High Dividend: CMB's dividend (3.25%) is low compared to the top 25% of dividend payers in the Italian market (3.47%).


Stability and Growth of Payments

Stable Dividend: CMB's dividend payments have been volatile in the past 10 years.

Growing Dividend: CMB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.9%), CMB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CMB's dividends in 3 years are forecast to be covered by earnings (69.4% payout ratio).


Next Steps

Management

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

3.5yrs

Average board tenure


CEO

Giovanni Rosani

11.58yrs

Tenure

€210,947

Compensation

Mr. Giovanni Rosani has been the Chairman and Managing Director of Cembre S.p.A. since March 15, 2010.


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Giovanni's total compensation is reasonable compared to companies of similar size in the Italian market.

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


Board Members

Experienced Board: CMB's board of directors are considered experienced (3.5 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.


Top Shareholders

Company Information

Cembre S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cembre S.p.A.
  • Ticker: CMB
  • Exchange: BIT
  • Founded: 1969
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €463.752m
  • Shares outstanding: 16.74m
  • Website: https://www.cembre.it

Number of Employees


Location

  • Cembre S.p.A.
  • Via Serenissima 9
  • Brescia
  • Brescia
  • 25135
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 17:47
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
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.