Somec S.p.A.

BIT:SOM Stock Report

Market Cap: €79.0m

Somec Balance Sheet Health

Financial Health criteria checks 3/6

Somec has a total shareholder equity of €17.8M and total debt of €101.2M, which brings its debt-to-equity ratio to 570%. Its total assets and total liabilities are €320.5M and €302.7M respectively. Somec's EBIT is €2.5M making its interest coverage ratio 0.5. It has cash and short-term investments of €47.4M.

Key information

570.0%

Debt to equity ratio

€101.23m

Debt

Interest coverage ratio0.5x
Cash€47.36m
Equity€17.76m
Total liabilities€302.69m
Total assets€320.45m

Recent financial health updates

Somec (BIT:SOM) Has A Pretty Healthy Balance Sheet

Nov 16
Somec (BIT:SOM) Has A Pretty Healthy Balance Sheet

Is Somec (BIT:SOM) Using Too Much Debt?

Apr 07
Is Somec (BIT:SOM) Using Too Much Debt?

Somec (BIT:SOM) Is Carrying A Fair Bit Of Debt

Apr 15
Somec (BIT:SOM) Is Carrying A Fair Bit Of Debt

Recent updates

Somec (BIT:SOM) Could Be Struggling To Allocate Capital

Dec 19
Somec (BIT:SOM) Could Be Struggling To Allocate Capital

Is Now An Opportune Moment To Examine Somec S.p.A. (BIT:SOM)?

May 10
Is Now An Opportune Moment To Examine Somec S.p.A. (BIT:SOM)?

Some Investors May Be Worried About Somec's (BIT:SOM) Returns On Capital

Mar 12
Some Investors May Be Worried About Somec's (BIT:SOM) Returns On Capital

Take Care Before Jumping Onto Somec S.p.A. (BIT:SOM) Even Though It's 33% Cheaper

Mar 12
Take Care Before Jumping Onto Somec S.p.A. (BIT:SOM) Even Though It's 33% Cheaper

Somec (BIT:SOM) Has A Pretty Healthy Balance Sheet

Nov 16
Somec (BIT:SOM) Has A Pretty Healthy Balance Sheet

Somec's (BIT:SOM) Returns On Capital Not Reflecting Well On The Business

Oct 24
Somec's (BIT:SOM) Returns On Capital Not Reflecting Well On The Business

Is It Time To Consider Buying Somec S.p.A. (BIT:SOM)?

Oct 20
Is It Time To Consider Buying Somec S.p.A. (BIT:SOM)?

Somec (BIT:SOM) Will Be Hoping To Turn Its Returns On Capital Around

May 26
Somec (BIT:SOM) Will Be Hoping To Turn Its Returns On Capital Around

Is Somec (BIT:SOM) Using Too Much Debt?

Apr 07
Is Somec (BIT:SOM) Using Too Much Debt?

Be Wary Of Somec (BIT:SOM) And Its Returns On Capital

Jun 10
Be Wary Of Somec (BIT:SOM) And Its Returns On Capital

Somec (BIT:SOM) Is Carrying A Fair Bit Of Debt

Apr 15
Somec (BIT:SOM) Is Carrying A Fair Bit Of Debt

Is There An Opportunity With Somec S.p.A.'s (BIT:SOM) 32% Undervaluation?

Mar 04
Is There An Opportunity With Somec S.p.A.'s (BIT:SOM) 32% Undervaluation?

How Good Is Somec S.p.A. (BIT:SOM), When It Comes To ROE?

Feb 11
How Good Is Somec S.p.A. (BIT:SOM), When It Comes To ROE?

Reflecting on Somec's (BIT:SOM) Share Price Returns Over The Last Year

Jan 19
Reflecting on Somec's (BIT:SOM) Share Price Returns Over The Last Year

We're Watching These Trends At Somec (BIT:SOM)

Dec 31
We're Watching These Trends At Somec (BIT:SOM)

Does Somec's (BIT:SOM) Statutory Profit Adequately Reflect Its Underlying Profit?

Nov 20
Does Somec's (BIT:SOM) Statutory Profit Adequately Reflect Its Underlying Profit?

Financial Position Analysis

Short Term Liabilities: SOM's short term assets (€218.7M) exceed its short term liabilities (€210.5M).

Long Term Liabilities: SOM's short term assets (€218.7M) exceed its long term liabilities (€92.2M).

Debt to Equity History and Analysis

Debt Level: SOM's net debt to equity ratio (303.4%) is considered high.

Reducing Debt: SOM's debt to equity ratio has increased from 116% to 570% over the past 5 years.

Debt Coverage: SOM's debt is well covered by operating cash flow (23.6%).

Interest Coverage: SOM's interest payments on its debt are not well covered by EBIT (0.5x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 19:36
End of Day Share Price 2025/01/06 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Somec S.p.A. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mario CoppolaIntermonte SIM S.p.A.
Francesco BrilliIntermonte SIM S.p.A.
Renato GargiuloStifel, Equities Research