BIT:ITM

Stock Analysis Report

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Executive Summary

Italmobiliare S.p.A., an investment holding company, owns and manages a portfolio of equity and other investments in the financial and industrial sectors in Italy and internationally. More Details


Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ITM

-4.5%

IT Industrials

-3.7%

IT Market


1 Year Return

33.1%

ITM

12.0%

IT Industrials

-15.8%

IT Market

Return vs Industry: ITM exceeded the Italian Industrials industry which returned 12% over the past year.

Return vs Market: ITM exceeded the Italian Market which returned -15.1% over the past year.


Shareholder returns

ITMIndustryMarket
7 Day0%-4.5%-3.7%
30 Day-8.1%-4.1%-4.6%
90 Day-3.5%7.9%-2.3%
1 Year42.5%33.1%15.3%12.0%-13.7%-15.8%
3 Year38.1%22.4%10.2%0.2%-14.1%-21.9%
5 Year70.4%46.5%78.9%52.8%-4.5%-26.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

32.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ITM (€27.95) is trading above our estimate of fair value (€11.8)

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


Price To Earnings Ratio

PE vs Industry: ITM is poor value based on its PE Ratio (32.4x) compared to the XE Industrials industry average (21.6x).

PE vs Market: ITM is poor value based on its PE Ratio (32.4x) compared to the Italian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: ITM is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: ITM's PB Ratio (1x) is in line with the XE Industrials industry average.


Next Steps

Future Growth

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

24.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITM's forecast earnings growth (24.8% per year) is above the savings rate (2%).

Earnings vs Market: ITM's earnings (24.8% per year) are forecast to grow faster than the Italian market (23.8% per year).

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

Revenue vs Market: ITM's revenue (2.9% per year) is forecast to grow slower than the Italian market (3.5% per year).

High Growth Revenue: ITM's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ITM's Return on Equity is forecast to be low in 3 years time (5.7%).


Next Steps

Past Performance

How has Italmobiliare performed over the past 5 years?

50.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITM has high quality earnings.

Growing Profit Margin: ITM's current net profit margins (6.3%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: ITM has become profitable over the past 5 years, growing earnings by 50.9% per year.

Accelerating Growth: ITM's earnings growth over the past year (47%) is below its 5-year average (50.9% per year).

Earnings vs Industry: ITM earnings growth over the past year (47%) exceeded the Industrials industry 1.7%.


Return on Equity

High ROE: ITM's Return on Equity (4%) is considered low.


Next Steps

Financial Health

How is Italmobiliare's financial position?


Financial Position Analysis

Short Term Liabilities: ITM's short term assets (€709.5M) exceed its short term liabilities (€169.5M).

Long Term Liabilities: ITM's short term assets (€709.5M) exceed its long term liabilities (€251.1M).


Debt to Equity History and Analysis

Debt Level: ITM's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: ITM's debt to equity ratio has reduced from 80.7% to 0.5% over the past 5 years.

Debt Coverage: ITM's debt is well covered by operating cash flow (1158.4%).

Interest Coverage: ITM's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Next Steps

Dividend

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

2.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ITM's dividend (2.15%) is higher than the bottom 25% of dividend payers in the Italian market (1.65%).

High Dividend: ITM's dividend (2.15%) is low compared to the top 25% of dividend payers in the Italian market (5.44%).


Stability and Growth of Payments

Stable Dividend: ITM's dividend payments have been volatile in the past 10 years.

Growing Dividend: ITM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.6%), ITM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ITM's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).


Next Steps

Management

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

3.4yrs

Average board tenure


CEO

Carlo Pesenti (57 yo)

6.33yrs

Tenure

€3,691,019

Compensation

Mr. Carlo Pesenti has been the Chief Operating Officer at Italmobiliare SpA since May 2001 and Chief Executive Officer since May 2014. He was an Executive Director of Italmobiliare SPA since June 17, 1999. ...


CEO Compensation Analysis

Compensation vs Market: Carlo's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.51M).

Compensation vs Earnings: Carlo's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Carlo Pesenti
CEO, COO & Executive Director6.33yrs€3.69mno data
Livio Strazzera
Independent Deputy Chairman3.42yrs€55.33kno data
Luca Minoli
Non Executive Director18.33yrs€109.42kno data
Giorgio Bonomi
Non Executive Director18.33yrs€66.00kno data
Sebastiano Mazzoleni
Non Executive Director9.33yrs€36.00kno data
Chiara Palmieri
Independent Director3.42yrs€33.00kno data
Laura Zanetti
Independent Chairwoman of the Board3.42yrs€184.33kno data
Vittorio Bertazzoni
Independent Director3.42yrs€30.00kno data
Pierluigi Biasi
Chairman of Statutory Auditors0.42yrno datano data
Mirja d'Asero
Independent Director3.42yrs€54.00kno data
Marinella Soldi
Independent Director0.42yrno datano data
Antonio Salerno
Independent Director3.42yrsno datano data

3.4yrs

Average Tenure

53yo

Average Age

Experienced Board: ITM's board of directors are considered experienced (3.4 years average tenure).


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

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


Key Information

  • Name: Italmobiliare S.p.A.
  • Ticker: ITM
  • Exchange: BIT
  • Founded: 1946
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €1.180b
  • Shares outstanding: 42.22m
  • Website: https://www.italmobiliare.it

Number of Employees


Location

  • Italmobiliare S.p.A.
  • Via Borgonuovo, 20
  • Milan
  • Milan
  • 20121
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITSP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
ITMBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
0RP4LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
ITM1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
ITMMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Italmobiliare S.p.A., an investment holding company, owns and manages a portfolio of equity and other investments in the financial and industrial sectors in Italy and internationally. The company develops ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/27 02:59
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.