Danieli & C. Officine Meccaniche
Market Cap
€873.1m
Last Updated
2020/11/27 19:20 UTC
Data Sources
Company Financials +
Executive Summary
Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet.
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 is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: DAN's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-0.9%
DAN
0.09%
IT Machinery
2.8%
IT Market
1 Year Return
-18.7%
DAN
-1.3%
IT Machinery
-9.5%
IT Market
Return vs Industry: DAN underperformed the Italian Machinery industry which returned 1.2% over the past year.
Return vs Market: DAN underperformed the Italian Market which returned -9.5% over the past year.
Shareholder returns
| DAN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 0.09% | 2.8% |
| 30 Day | 10.4% | 8.9% | 17.1% |
| 90 Day | 14.4% | 12.1% | 9.7% |
| 1 Year | -17.9%-18.7% | -0.6%-1.3% | -7.0%-9.5% |
| 3 Year | -27.0%-28.8% | -13.0%-16.0% | 0.6%-9.2% |
| 5 Year | -22.8%-25.6% | 62.1%51.3% | 7.1%-26.5% |
Long-Term 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
1 week ago | Simply Wall St
Only Three Days Left To Cash In On Danieli & C. Officine Meccaniche's (BIT:DAN) Dividend1 week ago | Simply Wall St
Is Danieli & C. Officine Meccaniche (BIT:DAN) Using Too Much Debt?1 month ago | Simply Wall St
Calculating The Fair Value Of Danieli & C. Officine Meccaniche S.p.A. (BIT:DAN)Valuation
Is Danieli & C. Officine Meccaniche undervalued compared to its fair value and its price relative to the market?
6.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DAN (€14.04) is trading below our estimate of fair value (€14.99)
Significantly Below Fair Value: DAN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DAN is good value based on its PE Ratio (16.6x) compared to the IT Machinery industry average (16.8x).
PE vs Market: DAN is good value based on its PE Ratio (16.6x) compared to the Italian market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: DAN is good value based on its PEG Ratio (0.8x)
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 (1.3x).
Next Steps
Future Growth
How is Danieli & C. Officine Meccaniche forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
20.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DAN's forecast earnings growth (20.6% per year) is above the savings rate (2%).
Earnings vs Market: DAN's earnings (20.6% per year) are forecast to grow slower than the Italian market (24.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DAN's revenue (9% per year) is forecast to grow faster than the Italian market (3.2% per year).
High Growth Revenue: DAN's revenue (9% 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 (5.3%).
Next Steps
Past Performance
How has Danieli & C. Officine Meccaniche performed over the past 5 years?
-19.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DAN has a large one-off loss of €31.2M impacting its June 30 2020 financial results.
Growing Profit Margin: DAN's current net profit margins (2.6%) are higher than last year (2.5%).
Past Earnings Growth Analysis
Earnings Trend: DAN's earnings have declined by 19.3% 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 (-6.1%) over the past year, making it difficult to compare to the Machinery industry average (-7.3%).
Return on Equity
High ROE: DAN's Return on Equity (3.2%) 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 (€3.9B) exceed its short term liabilities (€2.8B).
Long Term Liabilities: DAN's short term assets (€3.9B) exceed its long term liabilities (€319.5M).
Debt to Equity History and Analysis
Debt Level: DAN's debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: DAN's debt to equity ratio has increased from 26.9% to 28.7% over the past 5 years.
Debt Coverage: DAN's debt is well covered by operating cash flow (34.5%).
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?
1.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DAN's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.55%).
High Dividend: DAN's dividend (1%) is low compared to the top 25% of dividend payers in the Italian market (4.75%).
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 (16.6%), 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 (6.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Giacomo Danieli (40 yo)
0.83
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Chairman of Group Executive Board | no data | €664.00k | no data | |
| Group CEO | 0.83yr | €14.00k | no data | |
| Chairwoman of Steelmaking | 20.08yrs | €14.00k | no data | |
| Vice Chairman | no data | no data | no data | |
| Vice Chairwoman | 3.83yrs | no data | no data | |
| Group CTO & Member of Group Executive Board | no data | no data | no data | |
| Chairman of Danieli Automation & Member of Group Executive Board | 3.83yrs | no data | no data | |
| Vice Chairwoman of Steelmaking & Member of the Group Executive Board | 0.83yr | no data | no data | |
| CEO of Steelmaking & Group Executive Member of the Board | 0.25yr | no data | no data | |
| Chief Group Controller | no data | no data | no data |
0.8yrs
Average Tenure
77yo
Average Age
Experienced Management: DAN's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & Chairman of Group Executive Board | no data | €664.00k | no data | |
| Group CEO | 0.83yr | €14.00k | no data | |
| Chairwoman of Steelmaking | 20.08yrs | €14.00k | no data | |
| Vice Chairman | no data | no data | no data | |
| Vice Chairwoman | 3.83yrs | no data | no data | |
| Standing Auditor | no data | €35.00k | no data | |
| Independent Director | no data | €35.00k | no data | |
| Standing Auditor | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| President of Board of Statutory Auditors | 2.83yrs | no data | no data |
7.8yrs
Average Tenure
60yo
Average Age
Experienced Board: DAN's board of directors are considered experienced (7.8 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: €873.093m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DAS | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| DAN | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1992 |
| 0APM | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| DANM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| DANR | BIT (Borsa Italiana) | Saving Shares | IT | EUR | Jan 1992 | |
| 0N4I | LSE (London Stock Exchange) | Saving Shares | GB | EUR | Jan 1992 | |
| DNIE.F | OTCPK (Pink Sheets LLC) | Saving Shares | US | USD | Jan 1992 | |
| DANRM | BATS-CHIXE (BATS 'Chi-X Europe') | Saving Shares | GB | EUR | Jan 1992 | |
| DNIY.Y | OTCPK (Pink Sheets LLC) | ADR RPSTG 1 SH | US | USD | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 19:20 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.