BIT:SITI

Stock Analysis Report

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Executive Summary

SITI - B&T Group S.p.A. engages in the production of plants for the tile manufacturing industry worldwide. More Details


Snowflake Analysis

Good value with reasonable growth potential.

Share Price & News

How has SITI - B&T Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.5%

SITI

-2.2%

IT Machinery

-0.7%

IT Market


1 Year Return

-35.9%

SITI

1.6%

IT Machinery

-15.0%

IT Market

Return vs Industry: SITI underperformed the Italian Machinery industry which returned 1.4% over the past year.

Return vs Market: SITI underperformed the Italian Market which returned -15.4% over the past year.


Shareholder returns

SITIIndustryMarket
7 Day-1.5%-2.2%-0.7%
30 Day1.6%3.4%-1.6%
90 Day-4.0%12.5%-5.5%
1 Year-35.9%-35.9%2.0%1.6%-12.8%-15.0%
3 Year-80.2%-80.2%-17.3%-20.0%-11.6%-19.8%
5 Yearn/a51.8%42.7%-6.0%-27.8%

Price Volatility Vs. Market

How volatile is SITI - B&T Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SITI - B&T Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SITI (€1.91) is trading below our estimate of fair value (€15.23)

Significantly Below Fair Value: SITI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SITI is poor value based on its PE Ratio (40x) compared to the IT Machinery industry average (16.3x).

PE vs Market: SITI is poor value based on its PE Ratio (40x) compared to the Italian market (16.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SITI is good value based on its PB Ratio (0.3x) compared to the IT Machinery industry average (1.2x).


Next Steps

Future Growth

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

58.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SITI's forecast earnings growth (58.8% per year) is above the savings rate (2%).

Earnings vs Market: SITI's earnings (58.8% per year) are forecast to grow faster than the Italian market (24% per year).

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

Revenue vs Market: SITI's revenue (5.8% per year) is forecast to grow faster than the Italian market (3.4% per year).

High Growth Revenue: SITI's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SITI's Return on Equity is forecast to be low in 3 years time (5.1%).


Next Steps

Past Performance

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

-14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SITI has a large one-off gain of €1.8M impacting its June 30 2020 financial results.

Growing Profit Margin: SITI's current net profit margins (0.4%) are lower than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: SITI's earnings have declined by 14.8% per year over the past 5 years.

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

Earnings vs Industry: SITI had negative earnings growth (-81.2%) over the past year, making it difficult to compare to the Machinery industry average (-7.3%).


Return on Equity

High ROE: SITI's Return on Equity (0.7%) is considered low.


Next Steps

Financial Health

How is SITI - B&T Group's financial position?


Financial Position Analysis

Short Term Liabilities: SITI's short term assets (€187.7M) exceed its short term liabilities (€94.0M).

Long Term Liabilities: SITI's short term assets (€187.7M) exceed its long term liabilities (€82.6M).


Debt to Equity History and Analysis

Debt Level: SITI's debt to equity ratio (106.7%) is considered high.

Reducing Debt: SITI's debt to equity ratio has reduced from 123.2% to 106.7% over the past 5 years.

Debt Coverage: SITI's debt is not well covered by operating cash flow (15.5%).

Interest Coverage: Insufficient data to determine if SITI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is SITI - B&T Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SITI'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 SITI'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?

13.3yrs

Average management tenure


CEO

Fabio Tarozzi (55 yo)

13.25yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Fabio Tarozzi
Chairman & CEO13.25yrsno datano data
Claudio Forlani
Administration & Finance Manager and Directorno datano datano data
Marco Tarozzi
MD, Sales Manager & Director6.75yrsno datano data

13.3yrs

Average Tenure

55yo

Average Age

Experienced Management: SITI's management team is seasoned and experienced (13.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Fabio Tarozzi
Chairman & CEO13.25yrsno datano data
Claudio Forlani
Administration & Finance Manager and Directorno datano datano data
Marco Tarozzi
MD, Sales Manager & Director6.75yrsno datano data
Angelo Zaccari
Independent Director1.75yrsno datano data
Federico Palmieri
Director4.5yrsno datano data
Giovanni Barbanti
Independent Director4.5yrsno datano data
Mario Pagani
Independent Director4.5yrsno datano data
Alberto Iori
Standing Auditorno datano datano data
Alberto Piantella
Chairman of the Board of Statutory Auditor1.33yrsno datano data
Cristian Tundo
Standing Auditor1.33yrsno datano data

4.5yrs

Average Tenure

56yo

Average Age

Experienced Board: SITI's board of directors are considered experienced (4.5 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

SITI - B&T Group S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SITI - B&T Group S.p.A.
  • Ticker: SITI
  • Exchange: BIT
  • Founded: 1961
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €23.935m
  • Shares outstanding: 12.53m
  • Website: https://www.siti-bt.com

Number of Employees


Location

  • SITI - B&T Group S.p.A.
  • Via Prampolini, 18
  • Formigine
  • Modena
  • 41043
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SITIBIT (Borsa Italiana)YesShare CapitalITEURMar 2016

Biography

SITI - B&T Group S.p.A. engages in the production of plants for the tile manufacturing industry worldwide. The company also provides digital decorating machines and digital graphic design projects; plants ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 21:54
End of Day Share Price2020/10/20 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.