BIT:SITI

Stock Analysis Report

Executive Summary

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

Snowflake

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

5.0%

SITI

-2.2%

IT Machinery

-0.7%

IT Market


1 Year Return

-40.8%

SITI

-3.5%

IT Machinery

20.0%

IT Market

Return vs Industry: SITI underperformed the Italian Machinery industry which returned -3.5% over the past year.

Return vs Market: SITI underperformed the Italian Market which returned 20% over the past year.


Shareholder returns

SITIIndustryMarket
7 Day5.0%-2.2%-0.7%
30 Day-0.7%-0.1%3.2%
90 Day-5.1%0.6%11.2%
1 Year-40.8%-40.8%-1.8%-3.5%25.5%20.0%
3 Year-58.2%-58.2%32.1%26.4%41.1%21.1%
5 Yearn/a59.8%49.8%22.5%-23.9%

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?

11.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SITI (€2.96) is trading above our estimate of fair value (€1.49)

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


Price To Earnings Ratio

PE vs Industry: SITI is good value based on its PE Ratio (11.6x) compared to the Machinery industry average (16.5x).

PE vs Market: SITI is good value based on its PE Ratio (11.6x) compared to the Italian market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: SITI is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SITI is good value based on its PB Ratio (0.5x) compared to the IT Machinery industry average (1.6x).


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?

25.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SITI's forecast earnings growth (25.2% per year) is above the savings rate (2.9%).

Earnings vs Market: SITI's earnings (25.2% per year) are forecast to grow faster than the Italian market (8.7% per year).

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

Revenue vs Market: SITI's revenue (3.9% per year) is forecast to grow faster than the Italian market (3.1% per year).

High Growth Revenue: SITI's revenue (3.9% 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 (7.5%).


Next Steps

Past Performance

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

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SITI has a high level of non-cash earnings.

Growing Profit Margin: SITI's current net profit margins (1.7%) are lower than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: SITI's earnings have grown by 6.7% 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 (-42.7%) over the past year, making it difficult to compare to the Machinery industry average (-16.1%).


Return on Equity

High ROE: SITI's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: SITI's short term assets (€191.9M) exceeds its short term liabilities (€124.1M)

Long Term Liabilities: SITI's short term assets (€191.9M) exceeds its long term liabilities (51.5M)


Debt to Equity History and Analysis

Debt Level: SITI's debt to equity ratio (89.5%) is considered high.

Reducing Debt: SITI's debt to equity ratio has increased from 63.1% to 89.5% over the past 5 years.

Debt Coverage: SITI's debt is not well covered by operating cash flow (0.2%).

Interest Coverage: SITI's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Inventory Level: SITI has a high level of physical assets or inventory.

Debt Coverage by Assets: SITI's debt is covered by short term assets (assets are 2.7x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%4.4%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate SITI's dividend yield against the top 25% of dividend payers, as the company has not reported any 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

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

12.3yrs

Average management tenure


CEO

Fabio Tarozzi (54yo)

12.3yrs

Tenure

0

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 ...


Management Age and Tenure

12.3yrs

Average Tenure

54yo

Average Age

Experienced Management: SITI's management team is seasoned and experienced (12.3 years average tenure).


Board Age and Tenure

3.6yrs

Average Tenure

55yo

Average Age

Experienced Board: SITI's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€1,76829 May 19
Fata Investments Srl
EntityCompany
Shares400
Max Price€4.42
Buy€86022 May 19
Fata Investments Srl
EntityCompany
Shares200
Max Price€4.30
Buy€1,34413 May 19
Fata Investments Srl
EntityCompany
Shares300
Max Price€4.48
Buy€74020 Feb 19
Fata Investments Srl
EntityCompany
Shares200
Max Price€3.70
Buy€2,21815 Feb 19
Fata Investments Srl
EntityCompany
Shares600
Max Price€3.71
Buy€4,76007 Feb 19
Fata Investments Srl
EntityCompany
Shares1,200
Max Price€3.97
Buy€3,76512 Dec 18
Fata Investments Srl
EntityCompany
Shares800
Max Price€4.85
Buy€4,50006 Dec 18
Fata Investments Srl
EntityCompany
Shares1,000
Max Price€4.50
Buy€9,91503 Dec 18
Fata Investments Srl
EntityCompany
Shares2,200
Max Price€4.53

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Fabio Tarozzi (54yo)

    Chairman & CEO

    • Tenure: 12.3yrs
  • Marco Tarozzi (53yo)

    MD, Sales Manager & Director

    • Tenure: 5.8yrs
  • Claudio Forlani (56yo)

    Administration & Finance Manager and Director

    • Tenure: 0yrs

Board Members

  • Angelo Zaccari (66yo)

    Independent Director

    • Tenure: 0.8yrs
  • Fabio Tarozzi (54yo)

    Chairman & CEO

    • Tenure: 12.3yrs
  • Marco Tarozzi (53yo)

    MD, Sales Manager & Director

    • Tenure: 5.8yrs
  • Federico Palmieri (47yo)

    Director

    • Tenure: 3.6yrs
  • Claudio Forlani (56yo)

    Administration & Finance Manager and Director

    • Tenure: 0yrs
  • Giovanni Barbanti (64yo)

    Independent Director

    • Tenure: 3.6yrs
  • Mario Pagani (58yo)

    Independent Director

    • Tenure: 3.6yrs
  • Alberto Iori (48yo)

    Standing Auditor

    • Tenure: 0yrs
  • Alberto Piantella (75yo)

    Chairman of the Board of Statutory Auditor

    • Tenure: 0.4yrs
  • Cristian Tundo (47yo)

    Standing Auditor

    • Tenure: 0.4yrs

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: €37.093m
  • Shares outstanding: 12.53m
  • Website: https://www.siti-bt.com

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 Analysis2019/11/22 22:15
End of Day Share Price2019/11/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.