BIT:ILP

Stock Analysis Report

Executive Summary

ILPRA S.p.A. designs, produces, and sells packaging machines worldwide.


Snowflake Analysis

Undervalued with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ILP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.4%

ILP

5.2%

IT Machinery

2.4%

IT Market


1 Year Return

-5.4%

ILP

-2.9%

IT Machinery

18.3%

IT Market

Return vs Industry: ILP underperformed the Italian Machinery industry which returned -2.9% over the past year.

Return vs Market: ILP underperformed the Italian Market which returned 18.3% over the past year.


Shareholder returns

ILPIndustryMarket
7 Day1.4%5.2%2.4%
30 Day-2.8%-1.0%3.9%
90 Day-3.6%4.6%6.8%
1 Year-3.1%-5.4%-1.2%-2.9%23.4%18.3%
3 Yearn/a18.9%13.9%38.4%24.6%
5 Yearn/a45.4%35.7%18.6%-22.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ILP (€2.12) is trading below our estimate of fair value (€3.42)

Significantly Below Fair Value: ILP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ILP is good value based on its PE Ratio (14.5x) compared to the Machinery industry average (16.7x).

PE vs Market: ILP is good value based on its PE Ratio (14.5x) compared to the Italian market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ILP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ILP is good value based on its PB Ratio (1.9x) compared to the IT Machinery industry average (1.9x).


Next Steps

Future Growth

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

16.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ILP's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if ILP's earnings are forecast to grow faster than the Italian market

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

Revenue vs Market: ILP's revenue (16.4% per year) is forecast to grow faster than the Italian market (4.2% per year).

High Growth Revenue: ILP's revenue (16.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ILP's Return on Equity is forecast to be high in 3 years time (20.4%)


Next Steps

Past Performance

How has ILPRA performed over the past 5 years?

17.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ILP has a high level of non-cash earnings.

Growing Profit Margin: ILP's current net profit margins (7.1%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ILP's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare ILP's past year earnings growth to its 5-year average.

Earnings vs Industry: ILP earnings growth over the past year (17%) exceeded the Machinery industry -7.6%.


Return on Equity

High ROE: ILP's Return on Equity (10.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ILPRA's financial position?


Financial Position Analysis

Short Term Liabilities: ILP's short term assets (€26.6M) exceed its short term liabilities (€17.3M).

Long Term Liabilities: ILP's short term assets (€26.6M) exceed its long term liabilities (€5.8M).


Debt to Equity History and Analysis

Debt Level: ILP's debt to equity ratio (45.7%) is considered high.

Reducing Debt: Insufficient data to determine if ILP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ILP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ILP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: ILP's debt is covered by short term assets (assets are 3.7x debt).


Next Steps

Dividend

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

2.36%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.9%markettop25%4.3%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ILP's dividend (2.36%) is higher than the bottom 25% of dividend payers in the Italian market (1.88%).

High Dividend: ILP's dividend (2.36%) is low compared to the top 25% of dividend payers in the Italian market (4.32%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ILP's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ILP's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.1%), ILP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Maurizio Bertocco (61yo)

Mr. Maurizio Bertocco serves as the Chairman and Managing Director at ILPRA S.p.A. 


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ILP insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 169.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: ILPRA S.p.A.
  • Ticker: ILP
  • Exchange: BIT
  • Founded: 1955
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €25.519m
  • Shares outstanding: 12.04m
  • Website: https://www.ilpra.com

Location

  • ILPRA S.p.A.
  • Via Enrico Mattei, 21/23
  • Mortara
  • Pavia
  • 27036
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ILPBIT (Borsa Italiana)YesOrdinary SharesITEURFeb 2019

Biography

ILPRA S.p.A. designs, produces, and sells packaging machines worldwide. It offers tray sealers, fillers and sealers, thermoformers, form fill seal, traysealers seal box, fill seal, and buckets fillers. The company’s products are used in the packaging of food products, such as meat and poultry, fish and seafood, milk and dairy products, agricultural products, water and drinks, cold cuts and cured meat, sauces and dipping, sweets and desserts, bread and bakery products, fresh pasta, pet food, ready meals, and preserves; non-food products, including stationery, electronic components, mechanical components, chemical products, household articles, and perfumes and cosmetics; and medical devices, disposable and injectable products, pharmaceutical products, and medical instruments. It also provides personalized consultancy, training course, service and maintenance, revamping and retrofitting, and showroom and testing room services, as well as spare parts and used machines. The company was founded in 1955 and is based in Mortara, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 23:31
End of Day Share Price2020/02/18 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.