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GVS

GVS BIT:GVS Stock Report

Last Price

€5.99

Market Cap

€1.0b

7D

2.0%

1Y

-46.9%

Updated

06 Oct, 2022

Data

Company Financials +
GVS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends0/6

GVS Stock Overview

GVS S.p.A., together with its subsidiaries, produces and sells filter solutions for applications in the healthcare and life science, energy and mobility, and health and safety sectors in Italy and internationally.

GVS Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GVS
Historical stock prices
Current Share Price€5.99
52 Week High€13.66
52 Week Low€5.81
Beta0.95
1 Month Change-32.30%
3 Month Change-31.80%
1 Year Change-46.89%
3 Year Changen/a
5 Year Changen/a
Change since IPO-39.67%

Recent News & Updates

Aug 30
Here's What's Concerning About GVS' (BIT:GVS) Returns On Capital

Here's What's Concerning About GVS' (BIT:GVS) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...

Jul 28
At €9.05, Is GVS S.p.A. (BIT:GVS) Worth Looking At Closely?

At €9.05, Is GVS S.p.A. (BIT:GVS) Worth Looking At Closely?

While GVS S.p.A. ( BIT:GVS ) might not be the most widely known stock at the moment, it saw a significant share price...

Jul 13
Investor Optimism Abounds GVS S.p.A. (BIT:GVS) But Growth Is Lacking

Investor Optimism Abounds GVS S.p.A. (BIT:GVS) But Growth Is Lacking

GVS S.p.A.'s ( BIT:GVS ) price-to-earnings (or "P/E") ratio of 30.4x might make it look like a strong sell right now...

Shareholder Returns

GVSIT MachineryIT Market
7D2.0%2.7%2.4%
1Y-46.9%-33.1%-19.8%

Return vs Industry: GVS underperformed the Italian Machinery industry which returned -33.1% over the past year.

Return vs Market: GVS underperformed the Italian Market which returned -19.8% over the past year.

Price Volatility

Is GVS's price volatile compared to industry and market?
GVS volatility
GVS Average Weekly Movement6.1%
Machinery Industry Average Movement5.7%
Market Average Movement4.9%
10% most volatile stocks in IT Market6.8%
10% least volatile stocks in IT Market2.9%

Stable Share Price: GVS is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GVS's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
19793,077Massimo Scagliarinihttps://www.gvs.com

GVS S.p.A., together with its subsidiaries, produces and sells filter solutions for applications in the healthcare and life science, energy and mobility, and health and safety sectors in Italy and internationally. The company offers health and safety products, such as hand dryer and vacuum cleaner filters; double nailstation, kidney nailstation, rectangle nail station with storage cupboard, and rectangular nailstation products; fume extraction and HVAC building products; and disposable masks, half masks, integra masks, powered air purifying respirators, replacement filters, supplied air respirators, spare parts, and accessories. It also provides autoclave filters, insufflation and ventilation filters and kits, machine filters, respiratory and anesthesia filters, smoke evacuation filters and kits, spirometry filters and accessories, suction filters, and tracheal humidifier filters; healthcare liquid products, such as bacterial air vents, blood filters, infusion disc filters, IV and liquid filters, IV flow regulators, medical components, transducer protectors; and capsule and cartridge filters, disc and sheet membranes, DNA/RNA test kits, filter papers, microbiology products, microfiltration devices, microporous and track etched roll membranes, protein microarrays, and environmental monitoring and western blotting products.

GVS Fundamentals Summary

How do GVS's earnings and revenue compare to its market cap?
GVS fundamental statistics
Market Cap€1.03b
Earnings (TTM)€51.87m
Revenue (TTM)€316.89m

20.1x

P/E Ratio

3.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GVS income statement (TTM)
Revenue€316.89m
Cost of Revenue€135.65m
Gross Profit€181.24m
Other Expenses€129.37m
Earnings€51.87m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin57.19%
Net Profit Margin16.37%
Debt/Equity Ratio138.7%

How did GVS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GVS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GVS?

Other financial metrics that can be useful for relative valuation.

GVS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.4x
Enterprise Value/EBITDA18.2x
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does GVS's PE Ratio compare to its peers?

GVS PE Ratio vs Peers
The above table shows the PE ratio for GVS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.7x
DAN Danieli & C. Officine Meccaniche
5.9x-1.3%€1.1b
AV Antares Vision
37x35.2%€504.3m
PVN Piovan
14.3xn/a€396.1m
IP Interpump Group
18.3x5.7%€3.7b
GVS GVS
20.1x5.9%€1.0b

Price-To-Earnings vs Peers: GVS is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (18.7x).


Price to Earnings Ratio vs Industry

How does GVS's PE Ratio compare vs other companies in the IT Machinery Industry?

Price-To-Earnings vs Industry: GVS is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the Italian Machinery industry average (11.3x)


Price to Earnings Ratio vs Fair Ratio

What is GVS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GVS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: GVS is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).


Share Price vs Fair Value

What is the Fair Price of GVS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GVS (€5.99) is trading above our estimate of fair value (€4.45)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is GVS forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GVS's forecast earnings growth (5.9% per year) is above the savings rate (1.7%).

Earnings vs Market: GVS's earnings (5.9% per year) are forecast to grow slower than the Italian market (8% per year).

High Growth Earnings: GVS's earnings are forecast to grow, but not significantly.

Revenue vs Market: GVS's revenue (11.5% per year) is forecast to grow faster than the Italian market (-0.7% per year).

High Growth Revenue: GVS's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GVS's Return on Equity is forecast to be low in 3 years time (15.3%).


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Past Performance

How has GVS performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


37.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GVS has high quality earnings.

Growing Profit Margin: GVS's current net profit margins (16.4%) are lower than last year (24.3%).


Past Earnings Growth Analysis

Earnings Trend: GVS's earnings have grown significantly by 37.7% per year over the past 5 years.

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

Earnings vs Industry: GVS had negative earnings growth (-47.7%) over the past year, making it difficult to compare to the Machinery industry average (15.5%).


Return on Equity

High ROE: GVS's Return on Equity (15.4%) is considered low.


Discover strong past performing companies

Financial Health

How is GVS's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GVS's short term assets (€341.6M) do not cover its short term liabilities (€532.0M).

Long Term Liabilities: GVS's short term assets (€341.6M) exceed its long term liabilities (€107.3M).


Debt to Equity History and Analysis

Debt Level: GVS's net debt to equity ratio (99.6%) is considered high.

Reducing Debt: GVS's debt to equity ratio has increased from 117.8% to 138.7% over the past 5 years.

Debt Coverage: GVS's debt is not well covered by operating cash flow (10.8%).

Interest Coverage: GVS's interest payments on its debt are well covered by EBIT (14.7x coverage).


Balance Sheet


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Dividend

What is GVS current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.56%

Forecast Dividend Yield

Dividend Yield vs Market

GVS Dividend Yield vs Market
How does GVS dividend yield compare to the market?
SegmentDividend Yield
Company (GVS)0%
Market Bottom 25% (IT)1.8%
Market Top 25% (IT)5.6%
Industry Average (Machinery)1.4%
Analyst forecast in 3 Years (GVS)1.6%

Notable Dividend: Unable to evaluate GVS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GVS'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 GVS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GVS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: GVS is not paying a notable dividend for the Italian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GVS has not reported any payouts.


Discover strong dividend paying companies

Management

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


CEO

Massimo Scagliarini (57 yo)

no data

Tenure

Mr. Massimo Scagliarini serves as Chief Executive Officer and Director at GVS S.p.A. With over 35 years of experience, he has led the division operating in the medical sector and turn it into the most succ...


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

What is the ownership structure of GVS?
Owner TypeNumber of SharesOwnership Percentage
General Public26,248,36115.0%
Institutions43,301,63924.8%
Individual Insiders105,000,00060.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 83.14% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
60.15%
Massimo Scagliarini
105,000,000€628.4m0%no data
4.87%
Capital Research and Management Company
8,506,553€50.9m-24.56%no data
2.46%
Columbia Management Investment Advisers, LLC
4,287,920€25.7m-0.1%0.01%
2.22%
Invesco Ltd.
3,868,295€23.2m-16.09%0.01%
1.82%
T. Rowe Price Group, Inc.
3,174,949€19.0m0%no data
1.51%
Royce & Associates, LP
2,632,232€15.8m-1.69%0.12%
1.36%
The Vanguard Group, Inc.
2,372,924€14.2m3.09%no data
0.98%
FMR LLC
1,711,215€10.2m0.02%no data
0.96%
Schroder Investment Management Limited
1,669,488€10.0m-1.07%0.01%
0.92%
Mawer Investment Management Ltd.
1,614,223€9.7m0%0.03%
0.83%
Norges Bank Investment Management
1,441,591€8.6m0%no data
0.75%
Janus Henderson Group plc
1,305,918€7.8m0%no data
0.73%
Eurizon Capital S.A.
1,280,419€7.7m0%0.06%
0.56%
BlackRock, Inc.
983,284€5.9m0.49%no data
0.39%
Joh. Berenberg, Gossler & Co. KG, Asset Management Arm
684,017€4.1m-1.65%0.13%
0.37%
Danske Bank A/S, Asset Management Arm
642,094€3.8m-7.3%0.06%
0.34%
Allspring Global Investments, LLC
590,742€3.5m0.5%0.01%
0.33%
Eurizon Capital SGR S.p.A.
570,335€3.4m0%0.01%
0.29%
Legato Capital Management, LLC
512,160€3.1m-23.27%0.73%
0.28%
Azimut Capital Management Sgr SpA
490,822€2.9m34.1%0.06%
0.25%
Litman Gregory Wealth Management, LLC
434,618€2.6m0%0.22%
0.21%
Grandeur Peak Global Advisors, LLC
370,958€2.2m6.61%0.05%
0.19%
Metzler Asset Management GmbH
336,562€2.0m0%0.03%
0.19%
Amundi Asset Management
331,065€2.0m24.23%no data
0.18%
Oddo Bhf Asset Management SAS
306,000€1.8m0%0.03%

Company Information

GVS S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: GVS S.p.A.
  • Ticker: GVS
  • Exchange: BIT
  • Founded: 1979
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €1.027b
  • Shares outstanding: 174.55m
  • Website: https://www.gvs.com

Number of Employees


Location

  • GVS S.p.A.
  • Via Roma 50
  • Zona Industriale
  • Zola Predosa
  • Bologna
  • 40069
  • Italy


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GVSBIT (Borsa Italiana)YesOrdinary SharesITEURJun 2020
4YQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2020
GVSMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.