Fincantieri
Market Cap
€935.1m
Last Updated
2020/09/22 03:30 UTC
Data Sources
Company Financials +
Executive Summary
Fincantieri S.p.A. operates in the shipbuilding industry. More Details
Rewards
Risk Analysis
No risks detected for FCT from our risk checks.
Snowflake Analysis
Reasonable growth potential and fair value.
Share Price & News
How has Fincantieri's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.2%
FCT
-0.3%
IT Machinery
-0.9%
IT Market
1 Year Return
-42.2%
FCT
-7.3%
IT Machinery
-12.3%
IT Market
Return vs Industry: FCT underperformed the Italian Machinery industry which returned -7.3% over the past year.
Return vs Market: FCT underperformed the Italian Market which returned -12.3% over the past year.
Shareholder returns
| FCT | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | -0.3% | -0.9% |
| 30 Day | -7.9% | 2.2% | -0.5% |
| 90 Day | -10.2% | 8.9% | -1.4% |
| 1 Year | -42.2%-42.2% | -6.9%-7.3% | -10.2%-12.3% |
| 3 Year | -49.0%-49.8% | -23.1%-25.6% | -9.9%-18.1% |
| 5 Year | -16.1%-17.5% | 50.5%42.0% | 1.8%-29.9% |
Price Volatility Vs. Market
How volatile is Fincantieri's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Fincantieri (BIT:FCT) Share Prices Have Dropped 45% In The Last Three Years2 months ago | Simply Wall St
The Returns At Fincantieri (BIT:FCT) Provide Us With Signs Of What's To Come3 months ago | Simply Wall St
Is Fincantieri (BIT:FCT) Using Too Much Debt?Valuation
Is Fincantieri undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCT (€0.55) is trading below our estimate of fair value (€1.57)
Significantly Below Fair Value: FCT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCT is unprofitable, so we can't compare its PE Ratio to the IT Machinery industry average.
PE vs Market: FCT is unprofitable, so we can't compare its PE Ratio to the Italian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FCT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FCT is good value based on its PB Ratio (1.1x) compared to the IT Machinery industry average (1.2x).
Next Steps
Future Growth
How is Fincantieri forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
97.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: FCT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FCT's is expected to become profitable in the next 3 years.
Revenue vs Market: FCT's revenue (10.8% per year) is forecast to grow faster than the Italian market (3.6% per year).
High Growth Revenue: FCT's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCT's Return on Equity is forecast to be low in 3 years time (14.7%).
Next Steps
Past Performance
How has Fincantieri performed over the past 5 years?
-3.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCT is currently unprofitable.
Growing Profit Margin: FCT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FCT is unprofitable, and losses have increased over the past 5 years at a rate of 3.4% per year.
Accelerating Growth: Unable to compare FCT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FCT is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-27.2%).
Return on Equity
High ROE: FCT has a negative Return on Equity (-32.14%), as it is currently unprofitable.
Next Steps
Financial Health
How is Fincantieri's financial position?
Financial Position Analysis
Short Term Liabilities: FCT's short term assets (€5.5B) do not cover its short term liabilities (€5.6B).
Long Term Liabilities: FCT's short term assets (€5.5B) exceed its long term liabilities (€1.3B).
Debt to Equity History and Analysis
Debt Level: FCT's debt to equity ratio (380%) is considered high.
Reducing Debt: FCT's debt to equity ratio has increased from 108% to 380% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if FCT has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FCT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Fincantieri current dividend yield, its reliability and sustainability?
1.41%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FCT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FCT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FCT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FCT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FCT is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FCT's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.5yrs
Average management tenure
CEO
Giuseppe Bono (76 yo)
8.5yrs
Tenure
€1,187,104
Compensation
Dr. Giuseppe Bono has been the Chief Executive Officer of Fincantieri S.p.A. since March 29, 2012. He served as Interim Executive Vice President of Naval Vessels Division at Fincantieri S.p.A. since 2019 u ...
CEO Compensation Analysis
Compensation vs Market: Giuseppe's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.42M).
Compensation vs Earnings: Giuseppe's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.5yrs | €1.19m | no data | |
| Chairman | no data | no data | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Group Accounting & Administration Head | no data | no data | no data | |
| Head of Internal Auditing & Risk Officer | no data | no data | no data | |
| Executive Vice President of Offshore Business Unit | no data | no data | no data | |
| Executive Vice President of Merchant Ships Division | 2yrs | no data | no data | |
| Executive Vice President of Services Division | 11.67yrs | no data | no data | |
| Secretary | no data | no data | no data |
8.5yrs
Average Tenure
68yo
Average Age
Experienced Management: FCT's management team is seasoned and experienced (8.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.5yrs | €1.19m | no data | |
| Chairman | no data | no data | no data | |
| Independent Director | 1.42yrs | no data | no data | |
| Director | 4.33yrs | no data | no data | |
| Independent Director | 4.33yrs | no data | no data | |
| Independent Director | 6.17yrs | €77.00k | no data | |
| Chairman of Board of Statutory Auditors | 6.33yrs | €22.10k | no data | |
| Standing Statutory Auditor | 6.33yrs | €15.53k | no data | |
| Independent Director | 1.42yrs | no data | no data | |
| Independent Director | 1.42yrs | no data | no data | |
| Independent Director | 1.42yrs | no data | no data | |
| Independent Director | 1.42yrs | no data | no data |
2.9yrs
Average Tenure
57yo
Average Age
Experienced Board: FCT's board of directors are not considered experienced ( 2.9 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fincantieri S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fincantieri S.p.A.
- Ticker: FCT
- Exchange: BIT
- Founded: 1959
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: €935.065m
- Shares outstanding: 1.69b
- Website: https://www.fincantieri.com
Number of Employees
Location
- Fincantieri S.p.A.
- Via Genova No. 1
- Trieste
- Trieste
- 34121
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FCT | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jul 2014 |
| FCTM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jul 2014 |
| 1F8 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2014 |
| 0QWN | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jul 2014 |
Biography
Fincantieri S.p.A. operates in the shipbuilding industry. The company operates in three segments: Shipbuilding; Offshore and Specialized Vessels; and Equipment, Systems and Services. The Shipbuilding segme ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/22 03:30 |
| End of Day Share Price | 2020/09/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.