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SITI - B&T Group

BIT:SITI
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SITI
BIT
€60M
Market Cap
  1. Home
  2. IT
  3. Capital Goods
Company description

SITI - B&T Group S.p.A. engages in the production and distribution of plants for the tile manufacturing industry worldwide. The last earnings update was 207 days ago. More info.


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SITI Share Price and Events
7 Day Returns
1.7%
BIT:SITI
-0.7%
IT Machinery
-0.2%
IT Market
1 Year Returns
-48.3%
BIT:SITI
-16.8%
IT Machinery
-8.5%
IT Market
SITI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SITI - B&T Group (SITI) 1.7% 5.5% 20.1% -48.3% -40.3% -
IT Machinery -0.7% 3.8% 8.1% -16.8% 69.9% 72.7%
IT Market -0.2% 2.5% 10.1% -8.5% -7.6% -34.5%
1 Year Return vs Industry and Market
  • SITI underperformed the Machinery industry which returned -16.8% over the past year.
  • SITI underperformed the Market in Italy which returned -8.5% over the past year.
Price Volatility
SITI
Industry
5yr Volatility vs Market

SITI Value

 Is SITI - B&T Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SITI - B&T Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SITI - B&T Group.

BIT:SITI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.8%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:SITI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 24%) (110.84%))
1.646
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.65
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.646 * 9.02%)
17.78%

Discounted Cash Flow Calculation for BIT:SITI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SITI - B&T Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:SITI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 17.78%)
2019 7.40 Analyst x1 6.28
2020 5.10 Analyst x1 3.68
2021 5.40 Analyst x1 3.31
2022 10.90 Analyst x1 5.66
2023 10.40 Analyst x1 4.59
2024 10.15 Est @ -2.41% 3.80
2025 10.07 Est @ -0.81% 3.20
2026 10.10 Est @ 0.32% 2.73
2027 10.21 Est @ 1.1% 2.34
2028 10.38 Est @ 1.65% 2.02
Present value of next 10 years cash flows €37.61
BIT:SITI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €10.38 × (1 + 2.93%) ÷ (17.78% – 2.93%)
€71.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €71.97 ÷ (1 + 17.78%)10
€14.01
BIT:SITI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €37.61 + €14.01
€51.62
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €51.62 / 12.53
€4.12
BIT:SITI Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.12
Current discount Discount to share price of €4.78
= -1 x (€4.78 - €4.12) / €4.12
-16%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SITI - B&T Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SITI - B&T Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SITI - B&T Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:SITI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €0.44
BIT:SITI Share Price ** BIT (2019-04-23) in EUR €4.78
Italy Machinery Industry PE Ratio Median Figure of 17 Publicly-Listed Machinery Companies 12.95x
Italy Market PE Ratio Median Figure of 242 Publicly-Listed Companies 15.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SITI - B&T Group.

BIT:SITI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:SITI Share Price ÷ EPS (both in EUR)

= 4.78 ÷ 0.44

10.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SITI - B&T Group is good value based on earnings compared to the IT Machinery industry average.
  • SITI - B&T Group is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does SITI - B&T Group's expected growth come at a high price?
Raw Data
BIT:SITI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
16.5%per year
Italy Machinery Industry PEG Ratio Median Figure of 10 Publicly-Listed Machinery Companies 0.88x
Italy Market PEG Ratio Median Figure of 160 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

BIT:SITI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.76x ÷ 16.5%

0.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SITI - B&T Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SITI - B&T Group's assets?
Raw Data
BIT:SITI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €5.86
BIT:SITI Share Price * BIT (2019-04-23) in EUR €4.78
Italy Machinery Industry PB Ratio Median Figure of 19 Publicly-Listed Machinery Companies 1.69x
Italy Market PB Ratio Median Figure of 317 Publicly-Listed Companies 1.54x
BIT:SITI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:SITI Share Price ÷ Book Value per Share (both in EUR)

= 4.78 ÷ 5.86

0.82x

* Primary Listing of SITI - B&T Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SITI - B&T Group is good value based on assets compared to the IT Machinery industry average.
X
Value checks
We assess SITI - B&T Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. SITI - B&T Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SITI Future Performance

 How is SITI - B&T Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SITI - B&T Group expected to grow at an attractive rate?
  • SITI - B&T Group's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • SITI - B&T Group's earnings growth is expected to exceed the Italy market average.
  • SITI - B&T Group's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:SITI Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:SITI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 16.5%
BIT:SITI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5%
Italy Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Italy Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Italy Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:SITI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:SITI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 238 16 10 1
2020-12-31 224 14 9 1
2019-12-31 213 10 8 1
2018-12-31 214 13 7 1
BIT:SITI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 193 5 6
2018-03-31 199 6 5
2017-12-31 205 6 5
2017-09-30 205 7
2017-06-30 206 0 8
2017-03-31 197 -5 9
2016-12-31 188 -9 9
2016-09-30 186 8
2016-06-30 183 -11 6
2016-03-31 177 -9 6
2015-12-31 172 -7 6
2015-09-30 156 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SITI - B&T Group's earnings are expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
  • SITI - B&T Group's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:SITI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from SITI - B&T Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:SITI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.80 0.80 0.80 1.00
2020-12-31 0.67 0.67 0.67 1.00
2019-12-31 0.61 0.61 0.61 1.00
2018-12-31 0.50 0.50 0.50 1.00
BIT:SITI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 0.44
2018-03-31 0.42
2017-12-31 0.40
2017-09-30 0.53
2017-06-30 0.68
2017-03-31 0.73
2016-12-31 0.77
2016-09-30 0.65
2016-06-30 0.54
2016-03-31 0.50
2015-12-31 1.89
2015-09-30 1.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SITI - B&T Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SITI - B&T Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SITI - B&T Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SITI Past Performance

  How has SITI - B&T Group performed over the past 5 years?

  • SITI - B&T Group's last earnings update was 207 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SITI - B&T Group's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SITI - B&T Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • SITI - B&T Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SITI - B&T Group's 1-year earnings growth is negative, it can't be compared to the IT Machinery industry average.
Earnings and Revenue History
SITI - B&T Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SITI - B&T Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:SITI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 192.64 5.57 37.34
2018-03-31 198.57 5.28 37.00
2017-12-31 204.51 5.00 36.66
2017-09-30 205.09 6.59 36.01
2017-06-30 205.68 8.17 35.36
2017-03-31 197.02 8.70 34.59
2016-12-31 188.36 9.24 33.83
2016-09-30 185.53 7.83 33.88
2016-06-30 182.70 6.43 33.93
2016-03-31 177.37 6.04 33.23
2015-12-31 172.03 5.66 32.53
2015-09-30 155.61 4.56 28.90
2015-06-30 139.19 3.46 25.27
2015-03-31 129.34 2.66 22.17
2014-12-31 119.49 1.87 19.07
2013-12-31 130.08 2.71 18.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SITI - B&T Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SITI - B&T Group used its assets less efficiently than the IT Machinery industry average last year based on Return on Assets.
  • SITI - B&T Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SITI - B&T Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SITI - B&T Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SITI Health

 How is SITI - B&T Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SITI - B&T Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SITI - B&T Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SITI - B&T Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SITI - B&T Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SITI - B&T Group Company Filings, last reported 9 months ago.

BIT:SITI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 79.86 66.12 11.76
2018-03-31 79.86 66.12 11.76
2017-12-31 80.53 54.67 17.97
2017-09-30 80.53 54.67 17.97
2017-06-30 73.96 60.33 8.43
2017-03-31 73.96 60.33 8.43
2016-12-31 75.56 60.49 23.92
2016-09-30 75.56 60.49 23.92
2016-06-30 65.19 63.57 13.23
2016-03-31 65.19 63.57 13.23
2015-12-31 50.42 58.57 17.78
2015-09-30 50.42 58.57 17.78
2015-06-30 42.55 60.75 11.73
2015-03-31 42.55 60.75 11.73
2014-12-31 32.97 31.29 7.25
2013-12-31 31.01 26.76 10.91
  • SITI - B&T Group's level of debt (82.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if SITI - B&T Group's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (8.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess SITI - B&T Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SITI - B&T Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SITI Dividends

 What is SITI - B&T Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SITI - B&T Group dividends.
If you bought €2,000 of SITI - B&T Group shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SITI - B&T Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SITI - B&T Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:SITI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Italy Machinery Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.8%
Italy Market Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.2%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:SITI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SITI - B&T Group has not reported any payouts.
  • Unable to verify if SITI - B&T Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SITI - B&T Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SITI - B&T Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SITI - B&T Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SITI - B&T Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SITI - B&T Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SITI Management

 What is the CEO of SITI - B&T Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fabio Tarozzi
AGE 53
TENURE AS CEO 11.8 years
CEO Bio

Mr. Fabio Tarozzi has been the Chairman and Chief Executive Officer at SITI - B&T Group S.p.A. since 2015 and July 2007 respectively. Mr. Tarozzi began a business consulting internship at S.C.O.A S.r.l. In 1991. In 1993, he joined Gruppo Barbieri & Tarozzi S.p.A., today the Siti-B&T Group and in 1997 was appointed Sales Director. In January 2003, he was appointed General Manager and oversaw the merger between Barbieri & Tarozzi Group and Nassetti Group. He also serves as the Chairman of Projecta Engineering S.r.l and of Foshan B&T Pioneer Ltd. Since February 2015, he served as the Chairman of Ancora S. p. A. following its incorporation into the Siti-B&T Group. After two terms as Vice Chairman of the Italian Ceramic Machinery and Equipment Manufacturers’ Association ACIMAC, in June 2012, he was elected the association’s Chairman for four years. He serves as a Director of Barbieri & Tarozzi Ibérica S. L. During the 1990's, he also served as a Member of the Board of Directors of Carimonte Banca S.p.A. Mr. Tarozzi graduated in Business and Economics with a major in Business Administration at the University of Modena in 1990.

CEO Compensation
  • Insufficient data for Fabio to compare compensation growth.
  • Insufficient data for Fabio to establish whether their remuneration is reasonable compared to companies of similar size in Italy.
Management Team Tenure

Average tenure and age of the SITI - B&T Group management team in years:

11.8
Average Tenure
53
Average Age
  • The average tenure for the SITI - B&T Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Fabio Tarozzi

TITLE
Chairman & CEO
AGE
53
TENURE
11.8 yrs

Claudio Forlani

TITLE
Administration & Finance Manager and Director
AGE
55
TENURE
15.3 yrs

Marco Tarozzi

TITLE
MD, Sales Manager & Director
AGE
52
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the SITI - B&T Group board of directors in years:

3
Average Tenure
52.5
Average Age
  • The tenure for the SITI - B&T Group board of directors is about average.
Board of Directors

Fabio Tarozzi

TITLE
Chairman & CEO
AGE
53

Claudio Forlani

TITLE
Administration & Finance Manager and Director
AGE
55

Marco Tarozzi

TITLE
MD, Sales Manager & Director
AGE
52
TENURE
5.3 yrs

Federico Albini

TITLE
Chairman of Board of Auditors
AGE
47

Federico Palmieri

TITLE
Director
AGE
46
TENURE
3 yrs

Giovanni Barbanti

TITLE
Independent Director
AGE
63
TENURE
3 yrs

Gianfranco Buschini

TITLE
Independent Director
AGE
50
TENURE
3 yrs

Mario Pagani

TITLE
Independent Director
AGE
57
TENURE
3 yrs

Alberto Iori

TITLE
Statutory Auditor
AGE
47

Alberto Piantella

TITLE
Statutory Auditor
AGE
74
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Feb 19 Buy Fata Investments Srl Company 15. Feb 19 15. Feb 19 200 €3.70 €740
15. Feb 19 Buy Fata Investments Srl Company 12. Feb 19 13. Feb 19 600 €3.71 €2,218
07. Feb 19 Buy Fata Investments Srl Company 05. Feb 19 05. Feb 19 1,200 €3.97 €4,760
12. Dec 18 Buy Fata Investments Srl Company 05. Dec 18 10. Dec 18 800 €4.85 €3,765
06. Dec 18 Buy Fata Investments Srl Company 30. Nov 18 30. Nov 18 1,000 €4.50 €4,500
03. Dec 18 Buy Fata Investments Srl Company 27. Nov 18 28. Nov 18 2,200 €4.53 €9,915
27. Nov 18 Buy Fata Investments Srl Company 22. Nov 18 22. Nov 18 200 €5.00 €1,000
26. Nov 18 Buy Fata Investments Srl Company 20. Nov 18 20. Nov 18 200 €5.04 €1,008
22. Nov 18 Buy Fata Investments Srl Company 16. Nov 18 19. Nov 18 2,200 €5.14 €11,224
20. Nov 18 Buy Fata Investments Srl Company 15. Nov 18 15. Nov 18 1,200 €5.04 €6,046
29. Oct 18 Buy Fata Investments Srl Company 23. Oct 18 23. Oct 18 200 €5.00 €1,000
23. Oct 18 Buy Fata Investments Srl Company 16. Oct 18 19. Oct 18 3,200 €5.73 €17,696
17. Oct 18 Buy Fata Investments Srl Company 12. Oct 18 12. Oct 18 200 €6.00 €1,200
10. Oct 18 Buy Fata Investments Srl Company 05. Oct 18 08. Oct 18 400 €6.14 €2,456
08. Oct 18 Buy Fata Investments Srl Company 04. Oct 18 04. Oct 18 400 €6.00 €2,400
24. Aug 18 Buy Fata Investments Srl Company 22. Aug 18 22. Aug 18 200 €6.24 €1,248
23. Aug 18 Buy Fata Investments Srl Company 20. Aug 18 20. Aug 18 400 €6.37 €2,548
20. Aug 18 Buy Fata Investments Srl Company 14. Aug 18 14. Aug 18 600 €6.59 €3,956
13. Aug 18 Buy Fata Investments Srl Company 07. Aug 18 09. Aug 18 2,000 €6.72 €13,393
08. Aug 18 Buy Fata Investments Srl Company 03. Aug 18 06. Aug 18 3,000 €6.66 €19,540
30. Jul 18 Buy Fata Investments Srl Company 23. Jul 18 26. Jul 18 600 €7.38 €4,389
30. Jul 18 Buy Fata Investments Srl Company 27. Jul 18 27. Jul 18 600 €7.23 €4,340
23. Jul 18 Buy Fata Investments Srl Company 18. Jul 18 20. Jul 18 400 €7.60 €3,012
18. Jul 18 Buy Fata Investments Srl Company 13. Jul 18 16. Jul 18 1,400 €7.38 €10,322
22. Jun 18 Buy Fata Investments Srl Company 18. Jun 18 18. Jun 18 5,400 €7.74 €41,808
28. May 18 Buy Fata Investments Srl Company 21. May 18 21. May 18 200 €8.56 €1,712
22. May 18 Buy Fata Investments Srl Company 03. May 18 18. May 18 2,600 €9.42 €23,544
X
Management checks
We assess SITI - B&T Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SITI - B&T Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SITI News

Simply Wall St News

What Is SITI - B&T Group S.p.A.'s (BIT:SITI) Share Price Doing?

saw a significant share price rise of over 20% in the past couple of months on the BIT. … So, could the stock still be trading at a low price relative to its actual value. … Let’s examine SITI - B&T Group’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Does SITI - B&T Group S.p.A.'s (BIT:SITI) March Stock Price Reflect Its Future Growth?

(BIT:SITI) is considered a high-growth stock, but its last closing price of €4.3 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … SITI - B&T Group's growth potential is very attractive

Simply Wall St -

Introducing SITI - B&T Group (BIT:SITI), The Stock That Slid 50% In The Last Year

(BIT:SITI) shareholders should be happy to see the share price up 11% in the last month. … Like a receding glacier in a warming world, the share price has melted 50% in that period. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance.

Simply Wall St -

Shareholders Should Look Hard At SITI - B&T Group S.p.A.’s (BIT:SITI) 4.0% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

Does SITI - B&T Group S.p.A. (BIT:SITI) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … SITI - B&T Group has a price to earnings ratio of 8.6, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Market Volatility Impact SITI - B&T Group S.p.A.'s (BIT:SITI) Share Price?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Can We See Significant Institutional Ownership On The SITI - B&T Group S.p.A. (BIT:SITI) Share Register?

A look at the shareholders of SITI - B&T Group S.p.A. … SITI - B&T Group is a smaller company with a market capitalization of €49m, so it may still be flying under the radar of many institutional investors. … Let's delve deeper into each type of owner, to discover more about SITI

Simply Wall St -

What Is SITI - B&T Group S.p.A.'s (BIT:SITI) Share Price Doing?

received a lot of attention from a substantial price movement on the BIT over the last few months, increasing to €6.3 at one point, and dropping to the lows of €3.9. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether SITI - B&T Group's current trading price of €3.9 reflective of the actual value of the?

Simply Wall St -

Is SITI - B&T Group S.p.A. (BIT:SITI) A Financially Sound Company?

(BIT:SITI) with its market cap of €59m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

What Should Investors Know About SITI - B&T Group SpA's (BIT:SITI) Return On Capital?

and want a simplistic look at the return on SITI - B&T Group SpA (BIT:SITI) stock. … Therefore, looking at how efficiently SITI - B&T Group is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

SITI Company Info

Description

SITI - B&T Group S.p.A. engages in the production and distribution of plants for the tile manufacturing industry worldwide. The company also offers digital decorating machines and digital graphic design projects; plants for sanitary ware; and finishing systems for ceramic materials. In addition, it provides technical assistance for the installation, maintenance, and modernization of production lines. The company was founded in 1961 and is based in Formigine, Italy. SITI - B&T Group S.p.A. is a subsidiary of Barbieri & Tarozzi Holding S.p.A.

Details
Name: SITI - B&T Group S.p.A.
SITI
Exchange: BIT
Founded: 1961
€59,650,130
12,531,540
Website: http://www.siti-bt.com
Address: SITI - B&T Group S.p.A.
Via Prampolini, 18,
Formigine,
Modena, 41043,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT SITI Share Capital Borsa Italiana IT EUR 31. Mar 2016
Number of employees
Current staff
Staff numbers
0
SITI - B&T Group employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:14
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.