BIT:COF

Stock Analysis Report

COFIDE - Gruppo De Benedetti

Executive Summary

COFIDE - Gruppo De Benedetti S.p.A., through its subsidiaries, operates in the media, automotive components, and healthcare sectors.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Share Price & News

How has COFIDE - Gruppo De Benedetti's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.4%

COF

3.0%

IT Industrials

2.3%

IT Market


1 Year Return

1.9%

COF

3.3%

IT Industrials

10.0%

IT Market

Return vs Industry: COF underperformed the Italian Industrials industry which returned 3.3% over the past year.

Return vs Market: COF underperformed the Italian Market which returned 10% over the past year.


Share holder returns

COFIndustryMarket
7 Day2.4%3.0%2.3%
30 Day-3.8%0.4%-0.8%
90 Day-4.3%-1.2%-1.4%
1 Year5.0%1.9%7.0%3.3%14.8%10.0%
3 Year40.3%29.4%12.0%2.0%31.5%13.3%
5 Year32.8%18.5%54.5%30.8%25.0%-24.8%

Price Volatility Vs. Market

How volatile is COFIDE - Gruppo De Benedetti's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is COFIDE - Gruppo De Benedetti undervalued based on future cash flows and its price relative to the stock market?

35.16x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: COF (€0.46) is trading above our estimate of fair value (€0.14)

Significantly Undervalued: COF is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: COF is poor value based on its PE Ratio (35.2x) compared to the Industrials industry average (22.7x).

PE vs Market: COF is poor value based on its PE Ratio (35.2x) compared to the Italian market (16.8x).


Price Based on Expected Growth

Low PEG Ratio: COF is poor value based on its PEG Ratio (1.3x)


Price Based on Value of Assets

PB vs Industry: COF is good value based on its PB Ratio (0.6x) compared to the XE Industrials industry average (1.1x).


Next Steps

Future Growth

How is COFIDE - Gruppo De Benedetti expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: COF's forecast earnings growth (26.2% per year) is above the savings rate (2.9%).

Earnings vs Market: COF's earnings (26.2% per year) are forecast to grow faster than the Italian market (8.8% per year).

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

Revenue vs Market: Insufficient data to determine if COF's revenue is forecast to grow faster than the Italian market.

High Growth Revenue: Insufficient data to determine if COF's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if COF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has COFIDE - Gruppo De Benedetti performed over the past 5 years?

-86.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: COF's earnings have declined by -86.9% per year over the past 5 years.

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

Earnings vs Industry: COF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Industrials industry (-6.7%).


Return on Equity

High ROE: COF's Return on Equity (-0.3%) is considered low.


Return on Assets

ROA vs Industry: COF's Return on Assets is below or equal to the Industrials industry average last year.


Return on Capital Employed

ROCE Improving: COF's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is COFIDE - Gruppo De Benedetti's financial position?


Financial Position Analysis

Short Term Liabilities: COF's short term assets (€1.3B) exceeds its short term liabilities (€1.2B)

Long Term Liabilities: COF's short term assets (1.3B) do not cover its long term liabilities (1.4B)


Debt to Equity History and Analysis

Debt Level: COF's debt to equity ratio (61.6%) is considered high

Reducing Debt: COF's debt to equity ratio has reduced from 70.4% to 61.6% over the past 5 years.

Debt Coverage: COF's debt is well covered by operating cash flow (25.4%).

Interest Coverage: COF's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet

Inventory Level: COF has a high level of physical assets or inventory.

Debt Coverage by Assets: COF's debt is covered by short term assets (assets are 1.520160x debt).


Next Steps

Dividend

What is COFIDE - Gruppo De Benedetti's current dividend yield, its reliability and sustainability?

3.19%

Expected Dividend Yield


Dividend Yield vs Market

company3.2%marketbottom25%2.1%markettop25%4.4%industryaverage2.9%forecastin3Years3.2%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: COF's dividend (3.19%) is higher than the bottom 25% of dividend payers in the Italian market (2.1%).

High Dividend: COF's dividend (3.19%) is low compared to the top 25% of dividend payers in the Italian market (4.42%).

Stable Dividend: COF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: COF's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (112.1%), COF's dividend payments are not well 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

What is the CEO of COFIDE - Gruppo De Benedetti's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average board tenure


CEO

COFIDE - Gruppo De Benedetti has no CEO, or we have no data on them.


Board Age and Tenure

6.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: COF's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€1,822,31705 Sep 19
Rodolfo, Marco ed Edoardo De Benedetti S.a.p.a.
EntityCompany
Shares4,014,391
Max Price€0.46
Buy€9,99623 May 19
Rodolfo, Marco ed Edoardo De Benedetti S.a.p.a.
EntityCompany
Shares20,000
Max Price€0.50
Buy€31,29020 May 19
Rodolfo, Marco ed Edoardo De Benedetti S.a.p.a.
EntityCompany
Shares63,000
Max Price€0.50
Buy€65,89216 May 19
Rodolfo, Marco ed Edoardo De Benedetti S.a.p.a.
EntityCompany
Shares134,592
Max Price€0.49
Buy€32,01913 May 19
Rodolfo, Marco ed Edoardo De Benedetti S.a.p.a.
EntityCompany
Shares65,619
Max Price€0.49

Ownership Breakdown


Management Team

  • Rodolfo De Benedetti (58yo)

    Executive Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: €1.34m
  • Massimo Segre

    Secretary to the Board

    • Tenure: 0yrs
    • Compensation: €483.83k

Board Members

  • Rodolfo De Benedetti (58yo)

    Executive Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: €1.34m
  • Marco De Benedetti (57yo)

    Director

    • Tenure: 25.8yrs
    • Compensation: €11.00k
  • Carlo De Benedetti (85yo)

    Honorary Chairman

    • Tenure: 0yrs
    • Compensation: €150.00k
  • Pierluigi Ferrero (77yo)

    Director

    • Tenure: 0yrs
    • Compensation: €184.67k
  • Riccardo Zingales (59yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 0yrs
    • Compensation: €188.40k
  • Massimo Cremona (60yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: €20.00
  • Francesco Guasti (72yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €146.67k
  • Paola Dubini (56yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €13.43k
  • Edoardo De Benedetti (55yo)

    Director

    • Tenure: 0yrs
    • Compensation: €6.67k
  • Maria Porcari (48yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: €12.00k

Company Information

COFIDE - Gruppo De Benedetti S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: COFIDE - Gruppo De Benedetti S.p.A.
  • Ticker: COF
  • Exchange: BIT
  • Founded:
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €314.858m
  • Shares outstanding: 692.00m
  • Website: https://www.cofide.it

Number of Employees


Location

  • COFIDE - Gruppo De Benedetti S.p.A.
  • Via Ciovassino 1
  • Milan
  • Milan
  • 20121
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COFBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
0ONRLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
COFMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

COFIDE - Gruppo De Benedetti S.p.A., through its subsidiaries, operates in the media, automotive components, and healthcare sectors. It publishes la Repubblica, a national daily newspaper; 14 local daily n ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 20:39
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
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.

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