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Market Cap

€645.1m

Last Updated

2021/05/13 03:02 UTC

Data Sources

Company Financials +

Executive Summary

Salcef Group S.p.A. designs, constructs, and maintains railway infrastructure and civil works worldwide. More Details


Snowflake Analysis

Solid track record with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: SCF's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

SCF

1.8%

IT Construction

0.09%

IT Market


1 Year Return

31.9%

SCF

26.8%

IT Construction

36.3%

IT Market

Return vs Industry: SCF exceeded the Italian Construction industry which returned 26.8% over the past year.

Return vs Market: SCF underperformed the Italian Market which returned 36.3% over the past year.


Shareholder returns

SCFIndustryMarket
7 Day0.4%1.8%0.09%
30 Day5.7%4.1%1.0%
90 Day11.7%10.9%6.4%
1 Year37.1%31.9%31.1%26.8%40.1%36.3%
3 Yearn/a-57.0%-57.6%8.3%-2.1%
5 Yearn/a-73.3%13.6%25.2%1.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCF (€13.85) is trading above our estimate of fair value (€10.88)

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


Price To Earnings Ratio

PE vs Industry: SCF is poor value based on its PE Ratio (13.7x) compared to the Italian Construction industry average (12.3x).

PE vs Market: SCF is good value based on its PE Ratio (13.7x) compared to the Italian market (22x).


Price to Earnings Growth Ratio

PEG Ratio: SCF is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: SCF is overvalued based on its PB Ratio (2.4x) compared to the IT Construction industry average (1.5x).


Future Growth

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

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCF's forecast earnings growth (7.4% per year) is above the savings rate (1.8%).

Earnings vs Market: SCF's earnings (7.4% per year) are forecast to grow slower than the Italian market (16.1% per year).

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

Revenue vs Market: SCF's revenue (7.9% per year) is forecast to grow faster than the Italian market (1.7% per year).

High Growth Revenue: SCF's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCF's Return on Equity is forecast to be low in 3 years time (12.8%).


Past Performance

How has Salcef Group performed over the past 5 years?

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCF has high quality earnings.

Growing Profit Margin: SCF's current net profit margins (12.1%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: SCF's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: SCF's earnings growth over the past year (48.1%) exceeds its 5-year average (22.5% per year).

Earnings vs Industry: SCF earnings growth over the past year (48.1%) exceeded the Construction industry 0.7%.


Return on Equity

High ROE: SCF's Return on Equity (15.3%) is considered low.


Financial Health

How is Salcef Group's financial position?


Financial Position Analysis

Short Term Liabilities: SCF's short term assets (€352.1M) exceed its short term liabilities (€216.8M).

Long Term Liabilities: SCF's short term assets (€352.1M) exceed its long term liabilities (€56.3M).


Debt to Equity History and Analysis

Debt Level: SCF's debt to equity ratio (42%) is considered high.

Reducing Debt: SCF's debt to equity ratio has reduced from 52.2% to 42% over the past 5 years.

Debt Coverage: SCF's debt is well covered by operating cash flow (61%).

Interest Coverage: SCF's interest payments on its debt are well covered by EBIT (69x coverage).


Balance Sheet


Dividend

What is Salcef Group current dividend yield, its reliability and sustainability?

3.03%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 13 2021Ex Dividend DateMay 24 2021Dividend Pay DateMay 26 20212 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SCF's dividend (3.03%) is higher than the bottom 25% of dividend payers in the Italian market (1.32%).

High Dividend: SCF's dividend (3.03%) is low compared to the top 25% of dividend payers in the Italian market (3.86%).


Stability and Growth of Payments

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

Growing Dividend: Too early to tell if SCF'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 (41.6%), SCF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SCF's dividends in 3 years are forecast to be well covered by earnings (45.5% payout ratio).


Next Steps

Management

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

1.6yrs

Average board tenure


CEO

Valeriano Salciccia

2.58yrs

Tenure

Mr. Valeriano Salciccia serves as the Chief Executive Officer and Director at Salcef Group S.p.A. since October 2018.


Board Members

Experienced Board: SCF's board of directors are not considered experienced ( 1.6 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 10.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Salcef Group S.p.A.
  • Ticker: SCF
  • Exchange: BIT
  • Founded: 1949
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €645.067m
  • Shares outstanding: 46.58m
  • Website: https://www.salcef.com

Number of Employees


Location

  • Salcef Group S.p.A.
  • Via di Pietralata 140
  • Rome
  • Rome
  • 158
  • Italy

Listings


Biography

Salcef Group S.p.A. designs, constructs, and maintains railway infrastructure and civil works worldwide. The company is involved in the renewal and replacement of railway lines and sleepers, cleaning and r...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 03:02
End of Day Share Price2021/05/12 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.