BIT:GIMA

Stock Analysis Report

Executive Summary

GIMA TT S.p.A. designs, manufactures, and sells tobacco packaging equipment and machinery in Italy.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.

Share Price & News

How has GIMA TT's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

GIMA

0.1%

IT Machinery

2.1%

IT Market


1 Year Return

-28.1%

GIMA

-16.4%

IT Machinery

11.7%

IT Market

Return vs Industry: GIMA underperformed the Italian Machinery industry which returned -16.4% over the past year.

Return vs Market: GIMA underperformed the Italian Market which returned 11.7% over the past year.


Shareholder returns

GIMAIndustryMarket
7 Day1.2%0.1%2.1%
30 Day-2.0%-4.5%1.5%
90 Day-11.4%-5.8%1.9%
1 Year-24.4%-28.1%-14.9%-16.4%16.6%11.7%
3 Yearn/a35.4%29.8%26.6%9.2%
5 Yearn/a77.3%66.2%21.6%-26.3%

Price Volatility Vs. Market

How volatile is GIMA TT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GIMA TT undervalued compared to its fair value and its price relative to the market?

19.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: GIMA (€7.1) is trading above our estimate of fair value (€4.45)

Significantly Undervalued: GIMA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GIMA is poor value based on its PE Ratio (19.1x) compared to the Machinery industry average (16.9x).

PE vs Market: GIMA is poor value based on its PE Ratio (19.1x) compared to the Italian market (17.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GIMA is overvalued based on its PB Ratio (23.8x) compared to the IT Machinery industry average (1.5x).


Next Steps

Future Growth

How is GIMA TT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

20.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GIMA's forecast earnings growth (20.6% per year) is above the savings rate (2.9%).

Earnings vs Market: GIMA's earnings (20.6% per year) are forecast to grow faster than the Italian market (8.6% per year).

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

Revenue vs Market: GIMA's revenue (18.7% per year) is forecast to grow faster than the Italian market (3.1% per year).

High Growth Revenue: GIMA's revenue (18.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: GIMA's Return on Equity is forecast to be very high in 3 years time (77.6%).


Next Steps

Past Performance

How has GIMA TT performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GIMA's earnings have grown significantly by 23.2% per year over the past 5 years.

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

Earnings vs Industry: GIMA had negative earnings growth (-30.5%) over the past year, making it difficult to compare to the Machinery industry average (-18%).


Return on Equity

High ROE: GIMA's Return on Equity (124.8%) is considered outstanding.


Return on Assets

ROA vs Industry: GIMA has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: GIMA has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is GIMA TT's financial position?


Financial Position Analysis

Short Term Liabilities: GIMA's short term assets (€58.4M) exceeds its short term liabilities (€41.7M)

Long Term Liabilities: GIMA's short term assets (58.4M) exceeds its long term liabilities (5.8M)


Debt to Equity History and Analysis

Debt Level: GIMA is debt free.

Reducing Debt: GIMA has no debt compared to 5 years ago when its debt to equity ratio was 16.9%.

Debt Coverage: GIMA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GIMA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: GIMA has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GIMA's debt is covered by short term assets.


Next Steps

Dividend

What is GIMA TT's current dividend yield, its reliability and sustainability?

5.92%

Current Dividend Yield


Dividend Yield vs Market

company5.9%marketbottom25%2.1%markettop25%4.4%industryaverage2.2%forecastin3Years6.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GIMA's dividend (5.92%) is higher than the bottom 25% of dividend payers in the Italian market (2.07%).

High Dividend: GIMA's dividend (5.92%) is in the top 25% of dividend payers in the Italian market (4.44%)

Stable Dividend: Whilst dividend payments have been stable, GIMA has been paying a dividend for less than 10 years.

Growing Dividend: GIMA has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (113.3%), GIMA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GIMA's dividends in 3 years are not forecast to be well covered by earnings (91.2% payout ratio).


Next Steps

Management

What is the CEO of GIMA TT's salary, the management and board of directors tenure and is there insider trading?

€500k

CEO Compensation


CEO

Fiorenzo Draghetti 0

6.8yrs

Tenure

€500,000

Compensation

Mr. Fiorenzo Draghetti served as the Chief Operating Officer of GIMA TT S. p. A. since 2013 and serves as its Chief Executive Officer. In 1981 Mr. Draghetti joined the Mechanical Design department of G.D S ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Fiorenzo's total compensation is reasonable compared to companies of similar size in the Italian market.

Compensation vs Earnings: Insufficient data to compare Fiorenzo's compensation with company performance.


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


Management Team

  • Marco Savini

    Manager of Finance

    • Tenure: 0yrs
  • Fiorenzo Draghetti

    CEO & Director

    • Tenure: 6.8yrs
    • Compensation: €500.00k
  • Stefano Cavallari

    GM & Executive Director

    • Tenure: 6.8yrs
    • Compensation: €480.00k
  • Elvine Laptes-Mindreanu

    Head of Internal Audit

    • Tenure: 0yrs

Board Members

  • Francesco Mezzadri Majani

    Independent Director

    • Tenure: 0yrs
    • Compensation: €35.00k
  • Amedeo Cazzola

    Acting Auditors

    • Tenure: 0yrs
  • Sergio Marzo

    Chairman

    • Tenure: 0yrs
    • Compensation: €300.00k
  • Luca Duranti

    Independent Director

    • Tenure: 0yrs
    • Compensation: €35.00k
  • Alessandra Stabilini (49yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €35.00k
  • Roberta De Simone

    Acting Auditors

    • Tenure: 0yrs
  • Fiorenzo Draghetti

    CEO & Director

    • Tenure: 6.8yrs
    • Compensation: €500.00k
  • Stefano Cavallari

    GM & Executive Director

    • Tenure: 6.8yrs
    • Compensation: €480.00k
  • Paola Paris

    Independent Director

    • Tenure: 0yrs
    • Compensation: €35.00k
  • Alvise Deganello

    Chairman of Board of Statutory Auditors

    • Tenure: 0yrs

Company Information

GIMA TT S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GIMA TT S.p.A.
  • Ticker: GIMA
  • Exchange: BIT
  • Founded: 2012
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €621.235m
  • Shares outstanding: 87.56m
  • Website: https://www.gimatt.it

Number of Employees


Location

  • GIMA TT S.p.A.
  • Via Tolara Di Sotto, 121/A
  • Ozzano dell'Emilia
  • Bologna
  • 40064
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RURLSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2017
GIMABIT (Borsa Italiana)YesOrdinary SharesITEUROct 2017
GIMAMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2017
2GKDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2017

Biography

GIMA TT S.p.A. designs, manufactures, and sells tobacco packaging equipment and machinery in Italy. It also offers assembly and filling machines, as well as provides technical assistance, spare parts, chan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 22:06
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.