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COM

Comer Industries BIT:COM Stock Report

Last Price

€24.50

Market Cap

€702.6m

7D

-5.0%

1Y

15.6%

Updated

04 Jul, 2022

Data

Company Financials +
COM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends3/6

COM Stock Overview

Comer Industries S.p.A. designs and produces engineering systems and mechatronic solutions for power transmission applications in Italy and internationally.

Comer Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Comer Industries
Historical stock prices
Current Share Price€24.50
52 Week High€35.80
52 Week Low€20.00
Beta0.98
1 Month Change-7.20%
3 Month Change-15.23%
1 Year Change15.57%
3 Year Change105.88%
5 Year Changen/a
Change since IPO109.40%

Recent News & Updates

Shareholder Returns

COMIT MachineryIT Market
7D-5.0%-3.4%-1.9%
1Y15.6%-27.7%-17.6%

Return vs Industry: COM exceeded the Italian Machinery industry which returned -27.9% over the past year.

Return vs Market: COM exceeded the Italian Market which returned -17.1% over the past year.

Price Volatility

Is COM's price volatile compared to industry and market?
COM volatility
COM Average Weekly Movement4.7%
Machinery Industry Average Movement5.6%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.3%
10% least volatile stocks in IT Market3.3%

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

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

About the Company

FoundedEmployeesCEOWebsite
19703,610Matteo Storchihttps://www.comerindustries.com

Comer Industries S.p.A. designs and produces engineering systems and mechatronic solutions for power transmission applications in Italy and internationally. The company’s product includes gearboxes, powertrain, planetary drives, slew drives and wheel drives, as well as standard and professional driveshafts, and spare parts. Its products are used in agri applications comprising land preparation, soil tillage, crop treatment, forage and hay, and forage mixing and distribution machines; biogas systems; corn and grain headers; combines and forage harvesters; and tractors, as well as industrial applications consisting of construction, road construction, forestry, mining, and water treatment machines; material handling; and renewable energy applications.

Comer Industries Fundamentals Summary

How do Comer Industries's earnings and revenue compare to its market cap?
COM fundamental statistics
Market Cap€702.61m
Earnings (TTM)€39.43m
Revenue (TTM)€601.48m

17.8x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
COM income statement (TTM)
Revenue€601.48m
Cost of Revenue€379.15m
Gross Profit€222.33m
Other Expenses€182.90m
Earnings€39.43m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.37
Gross Margin36.96%
Net Profit Margin6.56%
Debt/Equity Ratio59.9%

How did COM perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is COM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for COM?

Other financial metrics that can be useful for relative valuation.

COM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA12.2x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does COM's PE Ratio compare to its peers?

COM PE Ratio vs Peers
The above table shows the PE ratio for COM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.5x
AV Antares Vision
47.9x34.2%€594.1m
FCT Fincantieri
40x32.9%€871.0m
PVN Piovan
14.1xn/a€432.9m
GVS GVS
28.1xn/a€1.4b
COM Comer Industries
17.8x19.2%€702.6m

Price-To-Earnings vs Peers: COM is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (32.5x).


Price to Earnings Ratio vs Industry

How does COM's PE Ratio compare vs other companies in the IT Machinery Industry?

Price-To-Earnings vs Industry: COM is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the Italian Machinery industry average (14.1x)


Price to Earnings Ratio vs Fair Ratio

What is COM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

COM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: COM is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).


Share Price vs Fair Value

What is the Fair Price of COM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: COM (€24.5) is trading below our estimate of fair value (€32.3)

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


Price to Earnings Growth Ratio

PEG Ratio: COM is good value based on its PEG Ratio (0.9x)


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Future Growth

How is Comer Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COM's forecast earnings growth (19.2% per year) is above the savings rate (1.7%).

Earnings vs Market: COM's earnings (19.2% per year) are forecast to grow faster than the Italian market (10.1% per year).

High Growth Earnings: COM's earnings are forecast to grow, but not significantly.

Revenue vs Market: COM's revenue (19.5% per year) is forecast to grow faster than the Italian market (0.4% per year).

High Growth Revenue: COM's revenue (19.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COM's Return on Equity is forecast to be low in 3 years time (16.9%).


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Past Performance

How has Comer Industries performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: COM has high quality earnings.

Growing Profit Margin: COM's current net profit margins (6.6%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: COM's earnings have grown significantly by 27% per year over the past 5 years.

Accelerating Growth: COM's earnings growth over the past year (81.2%) exceeds its 5-year average (27% per year).

Earnings vs Industry: COM earnings growth over the past year (81.2%) exceeded the Machinery industry 65.2%.


Return on Equity

High ROE: COM's Return on Equity (11.4%) is considered low.


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Financial Health

How is Comer Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: COM's short term assets (€537.5M) exceed its short term liabilities (€344.6M).

Long Term Liabilities: COM's short term assets (€537.5M) exceed its long term liabilities (€423.4M).


Debt to Equity History and Analysis

Debt Level: COM's net debt to equity ratio (35.1%) is considered satisfactory.

Reducing Debt: COM's debt to equity ratio has reduced from 98.3% to 59.9% over the past 5 years.

Debt Coverage: COM's debt is well covered by operating cash flow (35.1%).

Interest Coverage: COM's interest payments on its debt are well covered by EBIT (52.1x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.04%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: COM's dividend (2.04%) is higher than the bottom 25% of dividend payers in the Italian market (1.73%).

High Dividend: COM's dividend (2.04%) is low compared to the top 25% of dividend payers in the Italian market (5.16%).


Stability and Growth of Payments

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

Growing Dividend: COM has only been paying a dividend for 3 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.4%), COM's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27%), COM's dividend payments are well covered by cash flows.


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Management

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

2.3yrs

Average board tenure


CEO

Matteo Storchi (47 yo)

8.5yrs

Tenure

Mr. Matteo Storchi has been Chief Executive Officer at Comer Industries S.p.A. since 2014 and its President of the Board since 2018. Mr. Storchi served as Head of Sales and Marketing at Comer Industries SP...


Board Members

Experienced Board: COM's board of directors are not considered experienced ( 2.3 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 been diluted in the past year, with total shares outstanding growing by 40.5%.


Top Shareholders

Company Information

Comer Industries S.p.A.'s 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
  • Implied Market Cap: €702.613m
  • Shares outstanding: 28.68m
  • Website: https://www.comerindustries.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.