BIT:PLC

Stock Analysis Report

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Executive Summary

PLC S.p.A. acts as a general contractor in the construction of renewable energy power plants in Italy.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PLC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.2%

PLC

5.1%

IT Construction

5.1%

IT Market


1 Year Return

-26.4%

PLC

-33.1%

IT Construction

-10.7%

IT Market

Return vs Industry: PLC exceeded the Italian Construction industry which returned -33.1% over the past year.

Return vs Market: PLC underperformed the Italian Market which returned -10.7% over the past year.


Shareholder returns

PLCIndustryMarket
7 Day-1.2%5.1%5.1%
30 Day-2.4%-7.1%2.3%
90 Day-20.5%-13.2%-15.7%
1 Year-24.4%-26.4%-32.1%-33.1%-8.4%-10.7%
3 Year-66.3%-77.7%-64.2%-66.2%-10.2%-18.3%
5 Year-84.1%-89.5%19.4%-0.3%-14.2%-43.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PLC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PLC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PLC is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

PE vs Market: PLC is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PLC is good value based on its PB Ratio (1.3x) compared to the IT Construction industry average (1.3x).


Next Steps

Future Growth

How is PLC forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.4%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PLC has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has PLC performed over the past 5 years?

53.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLC is currently unprofitable.

Growing Profit Margin: PLC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLC is unprofitable, but has reduced losses over the past 5 years at a rate of 53% per year.

Accelerating Growth: Unable to compare PLC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PLC is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (6.9%).


Return on Equity

High ROE: PLC has a negative Return on Equity (-9.62%), as it is currently unprofitable.


Next Steps

Financial Health

How is PLC's financial position?


Financial Position Analysis

Short Term Liabilities: PLC's short term assets (€36.8M) exceed its short term liabilities (€30.3M).

Long Term Liabilities: PLC's short term assets (€36.8M) exceed its long term liabilities (€10.5M).


Debt to Equity History and Analysis

Debt Level: PLC's debt to equity ratio (56.3%) is considered high.

Reducing Debt: PLC's debt to equity ratio has reduced from 1134.5% to 56.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if PLC has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PLC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

2.2yrs

Average board tenure


CEO

Michele Scoppio (44yo)

2.17yrs

Tenure

Mr. Michele Scoppio is a Director and Chief Executive Officer at PLC S.p.A. since March 26, 2018. Mr. Scoppio completed his training by attending a specialisation course in 2000 in "total quality managemen ...


Board Members

NamePositionTenureCompensationOwnership
Michele Scoppio
CEO & Director2.17yrsno datano data
Graziano Visentin
Independent Director10yrs€16.00kno data
Giuseppe Maria Garofano
Honorary Chairman2.17yrs€10.00kno data
Massimo Invernizzi
Chairman of the Board of Statutory Auditors4.83yrsno datano data
Maria Talamonti
Standing Auditor1.83yrsno datano data
Claudio Sottoriva
Statutory Auditor4.83yrsno datano data
Francesco Esposito
Chairman2.17yrsno datano data
Chiara Esposito
Director2.17yrsno datano data
Luciano Garofano
Director2.17yrsno datano data
Marina D'Artibale
Independent Director2.17yrsno datano data

2.2yrs

Average Tenure

50yo

Average Age

Experienced Board: PLC's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 8.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: PLC S.p.A.
  • Ticker: PLC
  • Exchange: BIT
  • Founded:
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €31.282m
  • Shares outstanding: 25.96m
  • Website: https://www.plc-spa.com

Number of Employees


Location

  • PLC S.p.A.
  • Via Lanzone, 31
  • Milan
  • Milan
  • 20123
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLCBIT (Borsa Italiana)YesCommon StockITEURApr 2010
PLCMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURApr 2010

Biography

PLC S.p.A. acts as a general contractor in the construction of renewable energy power plants in Italy. The company operates in two segments, Engineering, Procurement and Construction; and Operation and Maintenance. It constructs turnkey plants for the production of electrical energy from renewable sources; and monitors and maintains electrical power grids, transformers, and accessory plants of wind farms and photovoltaic plants, as well as offers installation, maintenance, and repair services for inverters. The company also markets wind generators and components for wind generators and wind farms, as well as provides maintenance, assembly, disassembly, and management services, including electrical and civil works. The company was formerly known as Industria e Innovazione S.p.A. and changed its name to PLC S.p.A. in July 2018. PLC S.p.A. is based in Milan, Italy. PLC S.p.A operates as a subsidiary of Fraes S.r.l. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 09:55
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
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.