BIT:MT

Stock Analysis Report

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Executive Summary

Maire Tecnimont S.p.A. provides plant engineering services and works in Italy and internationally. More Details


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-5.9%

MT

-4.6%

IT Construction

-3.7%

IT Market


1 Year Return

-37.3%

MT

-43.8%

IT Construction

-15.8%

IT Market

Return vs Industry: MT exceeded the Italian Construction industry which returned -43.8% over the past year.

Return vs Market: MT underperformed the Italian Market which returned -15.8% over the past year.


Shareholder returns

MTIndustryMarket
7 Day-5.9%-4.6%-3.7%
30 Day-9.7%-8.7%-4.6%
90 Day-16.2%-19.6%-2.3%
1 Year-37.3%-37.3%-43.5%-43.8%-13.7%-15.8%
3 Year-68.1%-70.2%-70.0%-21.4%-14.1%-21.9%
5 Year-41.5%-47.7%12.7%-5.4%-4.5%-26.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MT (€1.4) is trading below our estimate of fair value (€1.45)

Significantly Below Fair Value: MT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MT is good value based on its PE Ratio (5.6x) compared to the XE Construction industry average (11.3x).

PE vs Market: MT is good value based on its PE Ratio (5.6x) compared to the Italian market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: MT is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: MT's PB Ratio (1.1x) is in line with the IT Construction industry average.


Next Steps

Future Growth

How is Maire Tecnimont forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MT's forecast earnings growth (7.5% per year) is above the savings rate (2%).

Earnings vs Market: MT's earnings (7.5% per year) are forecast to grow slower than the Italian market (23.6% per year).

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

Revenue vs Market: MT's revenue (3% per year) is forecast to grow slower than the Italian market (3.5% per year).

High Growth Revenue: MT's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MT's Return on Equity is forecast to be low in 3 years time (16.3%).


Next Steps

Past Performance

How has Maire Tecnimont performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MT has high quality earnings.

Growing Profit Margin: MT's current net profit margins (2.9%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: MT's earnings have grown by 14% per year over the past 5 years.

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

Earnings vs Industry: MT had negative earnings growth (-22.4%) over the past year, making it difficult to compare to the Construction industry average (3.4%).


Return on Equity

High ROE: MT's Return on Equity (18.3%) is considered low.


Next Steps

Financial Health

How is Maire Tecnimont's financial position?


Financial Position Analysis

Short Term Liabilities: MT's short term assets (€3.7B) exceed its short term liabilities (€3.4B).

Long Term Liabilities: MT's short term assets (€3.7B) exceed its long term liabilities (€680.4M).


Debt to Equity History and Analysis

Debt Level: MT's debt to equity ratio (184.8%) is considered high.

Reducing Debt: MT's debt to equity ratio has reduced from 418.3% to 184.8% over the past 5 years.

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

Interest Coverage: MT's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Maire Tecnimont current dividend yield, its reliability and sustainability?

5.90%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: MT is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MT'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?

7.3yrs

Average management tenure


CEO

Pierroberto Folgiero (48 yo)

7.33yrs

Tenure

€2,184,724

Compensation

Mr. Pierroberto Folgiero serves as the Managing Director at Maire Tecnimont S.p.A. since July 2020. Mr. Folgiero serves as the Managing Director at Tecnimont KT S.p.A. since June 2011 and Tecnimont S.p.A. ...


CEO Compensation Analysis

Compensation vs Market: Pierroberto's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD838.19K).

Compensation vs Earnings: Pierroberto's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Fabrizio Di Amato
Executive Chairmanno data€1.52mno data
Pierroberto Folgiero
CEO, MD & Executive Director7.33yrs€2.18mno data
Alessandro Bernini
Group Chief Financial Officer6.92yrsno datano data
Pejman Djavdan
Technology Presidentno datano datano data
Riccardo Guglielmetti
Head of Investor Relations7.25yrsno datano data
Fabio Fagioli
Group General Counsel7.25yrsno datano data
Simona Dolce
Head of Group Corporate Affairsno datano datano data
Carlo Nicolais
Head of Institutional Relations & Communication3yrsno datano data
Franco Ghiringhelli
Senior VP of Human Resources14.83yrsno datano data
Gianni Bardazzi
Senior VP of Group Special Initiatives & Region Coordination and VP of Russia & Caspian Region7.83yrs€253.81kno data
Giovanni Sale
Senior VP of Group Corporate Strategy & VP of Central and South America's Region7.83yrsno datano data
Oscar Spalmach
Chief Engineering & Projects Office of NextChem0.67yrno datano data

7.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: MT's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fabrizio Di Amato
Executive Chairmanno data€1.52mno data
Pierroberto Folgiero
CEO, MD & Executive Director7.33yrs€2.18mno data
Mario Ruzza
Chairman & MD of Tecnimont Private Limited no datano datano data
Maurizia Squinzi
Independent & Non-Executive Director4.42yrsno datano data
Andrea Giovanni Pellegrini
Independent & Non-Executive Director6.25yrs€57.00kno data
Giorgio Loli
Standing Statutory Auditorno data€76.67kno data
Stefano Fiorini
Non-Executive Directorno datano datano data
Francesco Fallacara
Chairman of Board of Statutory Auditorsno datano datano data
Gabriella Chersicla
Lead Independent Director7yrs€47.00kno data
Vittoria Giustiniani
Independent & Non-Executive Directorno data€40.00kno data
Patrizia Riva
Independent & Non-Executive Directorno data€32.00kno data
Luigi Alfieri
Non-Executive Directorno data€230.00kno data

6.6yrs

Average Tenure

57yo

Average Age

Experienced Board: MT's board of directors are considered experienced (6.6 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

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


Key Information

  • Name: Maire Tecnimont S.p.A.
  • Ticker: MT
  • Exchange: BIT
  • Founded:
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €459.111m
  • Shares outstanding: 328.64m
  • Website: https://www.mairetecnimont.com

Number of Employees


Location

  • Maire Tecnimont S.p.A.
  • Via Gaetano De Castillia 6A
  • Milan
  • Milan
  • 20124
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTBIT (Borsa Italiana)YesCommon StockITEURNov 2007
3OY1DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2007
0QEPLSE (London Stock Exchange)YesCommon StockGBEURNov 2007
MTMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURNov 2007

Biography

Maire Tecnimont S.p.A. provides plant engineering services and works in Italy and internationally. The company’s Hydrocarbons segment designs and constructs plants, including separation, treatment, liquefa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/27 03:10
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.