BIT:CMB

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.6%

CMB

0.7%

IT Electrical

0.05%

IT Market


1 Year Return

-25.4%

CMB

28.7%

IT Electrical

-12.0%

IT Market

Return vs Industry: CMB underperformed the Italian Electrical industry which returned 24.6% over the past year.

Return vs Market: CMB underperformed the Italian Market which returned -14.2% over the past year.


Shareholder returns

CMBIndustryMarket
7 Day-5.6%0.7%0.05%
30 Day-3.6%5.0%-2.4%
90 Day-3.0%15.0%-4.2%
1 Year-21.5%-25.4%30.8%28.7%-9.8%-12.0%
3 Year-27.8%-36.0%-8.4%-16.3%-12.1%-20.0%
5 Year36.6%12.9%35.2%9.2%-5.7%-27.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CMB (€16) is trading above our estimate of fair value (€6.83)

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 (15.8x) compared to the XE Electrical industry average (25.3x).

PE vs Market: CMB's PE Ratio (15.8x) is in line with the Italian market.


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 overvalued based on its PB Ratio (1.8x) compared to the IT Electrical industry average (1.5x).


Next Steps

Future Growth

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

13.6%

Forecasted Capital Goods 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 Cembre 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 Cembre performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMB has high quality earnings.

Growing Profit Margin: CMB's current net profit margins (12.6%) are lower than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: CMB's earnings have grown by 7.5% per year over the past 5 years.

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

Earnings vs Industry: CMB had negative earnings growth (-27.7%) over the past year, making it difficult to compare to the Electrical industry average (-10.3%).


Return on Equity

High ROE: CMB's Return on Equity (11.1%) is considered low.


Next Steps

Financial Health

How is Cembre's financial position?


Financial Position Analysis

Short Term Liabilities: CMB's short term assets (€105.4M) exceed its short term liabilities (€45.5M).

Long Term Liabilities: CMB's short term assets (€105.4M) exceed its long term liabilities (€11.9M).


Debt to Equity History and Analysis

Debt Level: CMB's debt to equity ratio (16.4%) is considered satisfactory.

Reducing Debt: CMB's debt to equity ratio has increased from 0.9% to 16.4% over the past 5 years.

Debt Coverage: CMB's debt is well covered by operating cash flow (108.9%).

Interest Coverage: CMB earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

5.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CMB's dividend (5.63%) is higher than the bottom 25% of dividend payers in the Italian market (1.63%).

High Dividend: CMB's dividend (5.63%) is in the top 25% of dividend payers in the Italian market (5.5%)


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: At its current payout ratio (89%), CMB's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.4yrs

Average board tenure


CEO

Giovanni Rosani

10.5yrs

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: Giovanni's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD846.95K).

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


Board Members

NamePositionTenureCompensationOwnership
Giovanni Rosani
Chairman & MD10.5yrs€210.95k8.53%
€ 23.0m
Sara Rosani
Directorno data€11.31k8.65%
€ 23.3m
Anna Onofri
Vice Chairman of the Boardno data€177.58kno data
Aldo Bottini Bongrani
Directorno data€403.24kno data
Fabio Fada
Independent Director11.42yrs€36.88kno data
Fabio Longhi
Chairman of Board of Statutory Auditorsno data€36.00kno data
Rosanna Pilenga
no datano datano data
Felice Albertazzi
Director2.42yrsno datano data
Franco Celli
Director2.42yrsno datano data
Paola Carrara
Independent Director2.42yrsno datano data
Riccardo Astori
no datano datano data

2.4yrs

Average Tenure

Experienced Board: CMB's board of directors are not considered experienced ( 2.4 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

Cembre S.p.A.'s company bio, 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: €269.191m
  • Shares outstanding: 16.72m
  • Website: https://www.cembre.it

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMBBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1998
0DXULSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1998
CMBMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1998

Biography

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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 21:14
End of Day Share Price2020/09/30 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.