BIT:DAN

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Danieli & C. Officine Meccaniche

Executive Summary

Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry worldwide. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.

Share Price & News

How has Danieli & C. Officine Meccaniche's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.1%

DAN

-0.3%

IT Machinery

-0.9%

IT Market


1 Year Return

-22.7%

DAN

-7.3%

IT Machinery

-12.3%

IT Market

Return vs Industry: DAN underperformed the Italian Machinery industry which returned -6.5% over the past year.

Return vs Market: DAN underperformed the Italian Market which returned -12.8% over the past year.


Shareholder returns

DANIndustryMarket
7 Day-5.1%-0.3%-0.9%
30 Day-5.4%2.2%-0.5%
90 Day3.7%8.9%-1.4%
1 Year-22.0%-22.7%-6.9%-7.3%-10.2%-12.3%
3 Year-45.2%-46.3%-23.1%-25.6%-9.9%-18.1%
5 Year-29.0%-31.2%50.5%42.0%1.8%-29.9%

Price Volatility Vs. Market

How volatile is Danieli & C. Officine Meccaniche's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Danieli & C. Officine Meccaniche undervalued compared to its fair value and its price relative to the market?

15.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DAN (€11.82) is trading above our estimate of fair value (€11.01)

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


Price To Earnings Ratio

PE vs Industry: DAN is poor value based on its PE Ratio (15.9x) compared to the IT Machinery industry average (15.4x).

PE vs Market: DAN is good value based on its PE Ratio (15.9x) compared to the Italian market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: DAN is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: DAN is good value based on its PB Ratio (0.5x) compared to the IT Machinery industry average (1.2x).


Next Steps

Future Growth

How is Danieli & C. Officine Meccaniche forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

28.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAN's forecast earnings growth (28% per year) is above the savings rate (2%).

Earnings vs Market: DAN's earnings (28% per year) are forecast to grow faster than the Italian market (25% per year).

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

Revenue vs Market: DAN's revenue (4.5% per year) is forecast to grow faster than the Italian market (3.6% per year).

High Growth Revenue: DAN's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DAN's Return on Equity is forecast to be low in 3 years time (5.5%).


Next Steps

Past Performance

How has Danieli & C. Officine Meccaniche performed over the past 5 years?

-25.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAN has a large one-off loss of €21.6M impacting its December 31 2019 financial results.

Growing Profit Margin: DAN's current net profit margins (2%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: DAN's earnings have declined by 25.5% per year over the past 5 years.

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

Earnings vs Industry: DAN had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Machinery industry average (-27.2%).


Return on Equity

High ROE: DAN's Return on Equity (2.9%) is considered low.


Next Steps

Financial Health

How is Danieli & C. Officine Meccaniche's financial position?


Financial Position Analysis

Short Term Liabilities: DAN's short term assets (€4.0B) exceed its short term liabilities (€3.0B).

Long Term Liabilities: DAN's short term assets (€4.0B) exceed its long term liabilities (€271.0M).


Debt to Equity History and Analysis

Debt Level: DAN's debt to equity ratio (33.9%) is considered satisfactory.

Reducing Debt: DAN's debt to equity ratio has increased from 29% to 33.9% over the past 5 years.

Debt Coverage: DAN's debt is well covered by operating cash flow (25.3%).

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


Balance Sheet


Next Steps

Dividend

What is Danieli & C. Officine Meccaniche current dividend yield, its reliability and sustainability?

1.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DAN's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.57%).

High Dividend: DAN's dividend (1.27%) is low compared to the top 25% of dividend payers in the Italian market (5.29%).


Stability and Growth of Payments

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

Growing Dividend: DAN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.1%), DAN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DAN's dividends in 3 years are forecast to be thoroughly covered by earnings (15% payout ratio).


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Giacomo Danieli (40 yo)

0.67

Tenure

€14,000

Compensation

Mr. Giacomo Mareschi Danieli serves as Group Chief Executive Officer, Member of Group Executive Board and Director of Danieli & C. Officine Meccaniche S.p.A since 2020 and also served as Chief Executive Of ...


Leadership Team

NamePositionTenureCompensationOwnership
Gianpietro Benedetti
Chairman & Chairman of Group Executive Boardno data€664.00kno data
Giacomo Danieli
Group CEO0.67yr€14.00kno data
Carla De Colle
Chairwoman of Steelmaking19.92yrs€14.00kno data
Camilla Benedetti
Vice Chairwoman3.67yrsno datano data
Alessandro Brussi
Vice Chairman of Group Executive Boardno datano datano data
Rolando Paolone
Group CTO & Member of Group Executive Boardno datano datano data
Antonello Mordeglia
Chairman of Danieli Automation & Member of Group Executive Board3.67yrsno datano data
Anna Danieli
Vice Chairwoman of Steelmaking & Member of the Group Executive Board0.67yrno datano data
Stefano Scolari
CEO of Steelmaking & Group Executive Member of the Board0.083yrno datano data
Luca Ferraresi
Chief Group Controllerno datano datano data

0.7yrs

Average Tenure

77yo

Average Age

Experienced Management: DAN's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Gianpietro Benedetti
Chairman & Chairman of Group Executive Boardno data€664.00kno data
Giacomo Danieli
Group CEO0.67yr€14.00kno data
Carla De Colle
Chairwoman of Steelmaking19.92yrs€14.00kno data
Camilla Benedetti
Vice Chairwoman3.67yrsno datano data
Alessandro Brussi
Vice Chairman of Group Executive Boardno datano datano data
Gaetano Terrin
Standing Auditorno data€35.00kno data
Chiara Mio
Independent Directorno data€35.00kno data
Vincenza Bellettini
Standing Auditorno datano datano data
Giulio Capocaccia
Directorno datano datano data
Davide Barbieri
President of Board of Statutory Auditors2.67yrsno datano data

7.7yrs

Average Tenure

60yo

Average Age

Experienced Board: DAN's board of directors are considered experienced (7.7 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

Danieli & C. Officine Meccaniche S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Danieli & C. Officine Meccaniche S.p.A.
  • Ticker: DAN
  • Exchange: BIT
  • Founded: 1914
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €726.170m
  • Shares outstanding: 74.40m
  • Website: https://www.danieli.com

Number of Employees


Location

  • Danieli & C. Officine Meccaniche S.p.A.
  • Via Nazionale, 41
  • Buttrio
  • Udine
  • 33042
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DASDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
DANBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
0APMLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
DANMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
DANRBIT (Borsa Italiana)Saving SharesITEURJan 1992
0N4ILSE (London Stock Exchange)Saving SharesGBEURJan 1992
DNIE.FOTCPK (Pink Sheets LLC)Saving SharesUSUSDJan 1992
DANRMBATS-CHIXE (BATS 'Chi-X Europe')Saving SharesGBEURJan 1992
DNIY.YOTCPK (Pink Sheets LLC)ADR RPSTG 1 SHUSUSDApr 2010

Biography

Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry worldwide. It operates in two segments, Plant Making and Steel Making. The company designs and buil ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 02:59
End of Day Share Price2020/09/21 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.