BIT:COM

Stock Analysis Report

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Executive Summary

Comer Industries S.p.A. designs and produces engineering systems and mechatronic solutions for power transmission applications worldwide. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

COM

2.2%

IT Machinery

0.05%

IT Market


1 Year Return

-15.3%

COM

-0.7%

IT Machinery

-12.0%

IT Market

Return vs Industry: COM underperformed the Italian Machinery industry which returned -3.7% over the past year.

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


Shareholder returns

COMIndustryMarket
7 Day0%2.2%0.05%
30 Day4.6%3.2%-2.4%
90 Day2.5%15.2%-4.2%
1 Year-12.5%-15.3%-0.3%-0.7%-9.8%-12.0%
3 Yearn/a-19.6%-22.2%-12.1%-20.0%
5 Yearn/a47.7%39.5%-5.7%-27.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

39.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COM (€10.2) is trading below our estimate of fair value (€16.95)

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


Price To Earnings Ratio

PE vs Industry: COM is good value based on its PE Ratio (12.4x) compared to the IT Machinery industry average (12.6x).

PE vs Market: COM is good value based on its PE Ratio (12.4x) compared to the Italian market (15.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: COM is overvalued based on its PB Ratio (1.6x) compared to the IT Machinery industry average (1.2x).


Next Steps

Future Growth

How is Comer Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.5%

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 Comer Industries 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 Comer Industries performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COM has high quality earnings.

Growing Profit Margin: COM's current net profit margins (4.2%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: COM's earnings have grown significantly by 20.9% per year over the past 5 years.

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

Earnings vs Industry: COM had negative earnings growth (-7.3%) over the past year, making it difficult to compare to the Machinery industry average (-11.6%).


Return on Equity

High ROE: COM's Return on Equity (12.2%) is considered low.


Next Steps

Financial Health

How is Comer Industries's financial position?


Financial Position Analysis

Short Term Liabilities: COM's short term assets (€199.5M) exceed its short term liabilities (€113.5M).

Long Term Liabilities: COM's short term assets (€199.5M) exceed its long term liabilities (€45.0M).


Debt to Equity History and Analysis

Debt Level: COM's debt to equity ratio (14.5%) is considered satisfactory.

Reducing Debt: COM's debt to equity ratio has reduced from 31.2% to 14.5% over the past 5 years.

Debt Coverage: COM's debt is well covered by operating cash flow (196.3%).

Interest Coverage: COM's interest payments on its debt are well covered by EBIT (22.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Comer Industries's current dividend yield, its reliability and sustainability?

3.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COM's dividend (3.43%) is higher than the bottom 25% of dividend payers in the Italian market (1.63%).

High Dividend: COM's dividend (3.43%) is low compared to the top 25% of dividend payers in the Italian market (5.5%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether COM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if COM's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.6%), COM's dividend payments are 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

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


CEO

Matteo Storchi (45 yo)

6.67yrs

Tenure

Mr. Matteo Storchi has been Chief Executive Officer since 2014 and also has been Chairman since 2018 at Comer Industries S.p.A. Mr. Storchi serves as Head of Sales and Marketing at Comer Industries SPA.


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

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


Key Information

  • Name: Comer Industries S.p.A.
  • Ticker: COM
  • Exchange: BIT
  • Founded: 1970
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: €208.175m
  • Shares outstanding: 20.41m
  • Website: https://www.comerindustries.com

Number of Employees


Location

  • Comer Industries S.p.A.
  • Via Magellano, 27
  • Reggiolo
  • Reggio Emilia
  • 42046
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COMBIT (Borsa Italiana)YesShare CapitalITEURMar 2019

Biography

Comer Industries S.p.A. designs and produces engineering systems and mechatronic solutions for power transmission applications worldwide. The company’s product includes gearboxes, powertrain, planetary dri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 21:25
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.