Danieli & C. Officine Meccaniche
Market Cap
€953.0m
Last Updated
2020/01/23 20:50 UTC
Data Sources
Company Financials +
Executive Summary
Danieli & C. Officine Meccaniche S.p.A. designs, constructs, and sells plants for the iron and steel industry worldwide.
Rewards
Risk Analysis
No risks detected for DAN from our risk checks.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.6%
DAN
0.3%
IT Machinery
-0.04%
IT Market
1 Year Return
-2.3%
DAN
-2.7%
IT Machinery
16.6%
IT Market
Return vs Industry: DAN matched the Italian Machinery industry which returned -2% over the past year.
Return vs Market: DAN underperformed the Italian Market which returned 18.6% over the past year.
Shareholder returns
| DAN | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.6% | 0.3% | -0.04% |
| 30 Day | -4.4% | 0.8% | -0.5% |
| 90 Day | -1.9% | 4.5% | 5.0% |
| 1 Year | -1.4%-2.3% | -1.0%-2.7% | 21.8%16.6% |
| 3 Year | -19.4%-21.0% | 23.9%18.7% | 24.1%5.8% |
| 5 Year | -22.3%-24.8% | 57.7%47.6% | 23.3%-18.3% |
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
How Do Danieli & C. Officine Meccaniche S.p.A.’s (BIT:DAN) Returns Compare To Its Industry?4 weeks ago | Simply Wall St
If You Had Bought Danieli & C. Officine Meccaniche (BIT:DAN) Stock Five Years Ago, You'd Be Sitting On A 18% Loss, Today1 month ago | Simply Wall St
What Kind Of Share Price Volatility Should You Expect For 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?
21.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DAN (€16.28) is trading below our estimate of fair value (€20.34)
Significantly Below Fair Value: DAN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DAN is poor value based on its PE Ratio (18.1x) compared to the Machinery industry average (17.5x).
PE vs Market: DAN is good value based on its PE Ratio (18.1x) compared to the Italian market (18.7x).
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 (0.6x) compared to the IT Machinery industry average (1.9x).
Next Steps
Future Growth
How is Danieli & C. Officine Meccaniche forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
22.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DAN's forecast earnings growth (23.2% per year) is above the savings rate (1.2%).
Earnings vs Market: DAN's earnings (23.2% per year) are forecast to grow faster than the Italian market (8.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DAN's revenue (7.5% per year) is forecast to grow faster than the Italian market (3.8% per year).
High Growth Revenue: DAN's revenue (7.5% 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 (6.3%).
Next Steps
Past Performance
How has Danieli & C. Officine Meccaniche performed over the past 5 years?
-27.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DAN has high quality earnings.
Growing Profit Margin: DAN's current net profit margins (2.5%) are higher than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: DAN's earnings have declined by -27.6% per year over the past 5 years.
Accelerating Growth: DAN's earnings growth over the past year (14.8%) exceeds its 5-year average (-27.6% per year).
Earnings vs Industry: DAN earnings growth over the past year (14.8%) exceeded the Machinery industry -7.6%.
Return on Equity
High ROE: DAN's Return on Equity (3.5%) is considered low.
Return on Assets
Return on Capital Employed
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 (€2.8B).
Long Term Liabilities: DAN's short term assets (€4.0B) exceed its long term liabilities (€379.2M).
Debt to Equity History and Analysis
Debt Level: DAN's debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: DAN's debt to equity ratio has increased from 25.4% to 27.7% over the past 5 years.
Debt Coverage: DAN's debt is well covered by operating cash flow (29.3%).
Interest Coverage: DAN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: DAN has a high level of physical assets or inventory.
Debt Coverage by Assets: DAN's debt is covered by short term assets (assets are 7.6x debt).
Next Steps
Dividend
What is Danieli & C. Officine Meccaniche's current dividend yield, its reliability and sustainability?
0.95%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DAN's dividend (0.92%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.97%).
High Dividend: DAN's dividend (0.92%) is low compared to the top 25% of dividend payers in the Italian market (4.19%).
Stability and Growth of Payments
Stable Dividend: DAN is not paying a notable dividend for the Italian market, therefore no need to check if payments are stable.
Growing Dividend: DAN is not paying a notable dividend for the Italian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: DAN is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DAN's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
Next Steps
Management
What is the CEO of Danieli & C. Officine Meccaniche's salary, the management and board of directors tenure and is there insider trading?
2.0yrs
Average management tenure
CEO
Gianpietro Benedetti (77yo)
0yrs
Tenure
€664,000
Compensation
Mr. Gianpietro Benedetti serves as Chairman of Group Executive Board, Chairman of the Board and Chief Executive Officer at Danieli & C. Officine Meccaniche S.p.A. and has been its Member of Managing Board ...
CEO Compensation Analysis
Compensation vs Market: Gianpietro's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.05M).
Compensation vs Earnings: Gianpietro's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.0yrs
Average Tenure
Experienced Management: DAN's management team is considered experienced (2 years average tenure).
Board Age and Tenure
11.0yrs
Average Tenure
59yo
Average Age
Experienced Board: DAN's board of directors are seasoned and experienced ( 11 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Gianpietro Benedetti (77yo)
Chairman
- Compensation: €664.00k
Luca Ferraresi
Chief Group Controller
Alessandro Brussi
Member of Group Executive Board & Director
Giacomo Danieli (39yo)
CEO, Member of Group Executive Board & Director
- Tenure: 11yrs
- Compensation: €14.00k
Alessandro Trivillin
CEO & Director
Nico Bleijendaal
Member of Executive Board
- Tenure: 0.4yrs
Camilla Benedetti
Deputy Chairman & Executive VP of HR
Rolando Paolone
Member of Group Executive Board
Antonello Mordeglia
Member of Group Executive Board
- Tenure: 3yrs
Michele Marinutti
Member of Group Executive Board
- Tenure: 1yrs
Board Members
Carla de Colle (76yo)
Director
- Tenure: 19.3yrs
- Compensation: €14.00k
Gianpietro Benedetti (77yo)
Chairman
- Compensation: €664.00k
Alessandro Brussi
Member of Group Executive Board & Director
Gaetano Terrin (59yo)
Standing Auditor
- Compensation: €35.00k
Chiara Mio (55yo)
Independent Director
- Compensation: €35.00k
Giacomo Danieli (39yo)
CEO, Member of Group Executive Board & Director
- Tenure: 11yrs
- Compensation: €14.00k
Alessandro Trivillin
CEO & Director
Camilla Benedetti
Deputy Chairman & Executive VP of HR
Giulio Capocaccia
Director
Davide Barbieri
President of Board of Statutory Auditors
- Tenure: 2yrs
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: €952.962m
- 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 | |
| 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, constructs, and sells plants for the iron and steel industry worldwide. It operates in two segments, Plant Making and Steel Making. The company designs and builds plants for various process areas, including mines; pellet production plants; blast furnaces; direct reduction; scrap shredders; steelworks for production of liquid steel; and continuous casting for blooms and billets, slabs, and thin slabs. It also designs and builds rolling mills for long products and seamless tubes; lines for welded tubes; hot and cold rolling mills for flat products; process lines for flat products; and plants for dimensional checking and for non-destructive quality control, and conditioning plants. In addition, the company offers plants for secondary processing, such as peeling, straightening, 2-roll reeling, and drawing machines; forging presses and manipulators, and forging plants; extrusion presses for ferrous and non-ferrous materials; plants for longitudinal cutting and for transversal cutting; plant automation systems; and cranes and lifting equipment. Further, it is involved in the production and sale of special steel comprising ingots, blooms, billets, and forged and rolled products; and structural steel comprising high carbon steel, as well as case-hardened, hardened and tempered, and surface hardened steel for use in various engineering components. The company was founded in 1914 and is headquartered in Buttrio, Italy.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 20:50 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.