BIT:TES

Stock Analysis Report

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Executive Summary

Tesmec S.p.A. designs, produces, and markets products and integrated solutions for the construction, maintenance, and streamlining of infrastructures relating to the transmission of electrical power, data, and material transport in Italy, rest of Europe, the Middle East, Africa, North and Central America, and BRIC and other countries. More Details


Snowflake Analysis

Reasonable growth potential and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TES's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.1%

TES

-1.7%

IT Machinery

-5.0%

IT Market


1 Year Return

-52.7%

TES

-6.8%

IT Machinery

-14.9%

IT Market

Return vs Industry: TES underperformed the Italian Machinery industry which returned -6.8% over the past year.

Return vs Market: TES underperformed the Italian Market which returned -14.9% over the past year.


Shareholder returns

TESIndustryMarket
7 Day2.1%-1.7%-5.0%
30 Day-13.0%-0.5%-3.8%
90 Day-24.5%10.2%-1.7%
1 Year-52.7%-52.7%-6.4%-6.8%-12.8%-14.9%
3 Year-60.5%-60.5%-22.5%-25.1%-12.6%-20.7%
5 Year-70.7%-72.0%52.1%43.5%-1.0%-31.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Tesmec 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: TES (€0.19) is trading below our estimate of fair value (€0.96)

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


Price To Earnings Ratio

PE vs Industry: TES is unprofitable, so we can't compare its PE Ratio to the IT Machinery industry average.

PE vs Market: TES is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TES's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TES is good value based on its PB Ratio (0.4x) compared to the IT Machinery industry average (1.2x).


Next Steps

Future Growth

How is Tesmec forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

77.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TES is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: TES is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TES's is expected to become profitable in the next 3 years.

Revenue vs Market: TES's revenue (14.5% per year) is forecast to grow faster than the Italian market (3.6% per year).

High Growth Revenue: TES's revenue (14.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TES's Return on Equity is forecast to be low in 3 years time (18.7%).


Next Steps

Past Performance

How has Tesmec performed over the past 5 years?

-37.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TES is currently unprofitable.

Growing Profit Margin: TES is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TES is unprofitable, and losses have increased over the past 5 years at a rate of 37.4% per year.

Accelerating Growth: Unable to compare TES's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TES is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-27.2%).


Return on Equity

High ROE: TES has a negative Return on Equity (-2.87%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tesmec's financial position?


Financial Position Analysis

Short Term Liabilities: TES's short term assets (€202.5M) exceed its short term liabilities (€183.9M).

Long Term Liabilities: TES's short term assets (€202.5M) exceed its long term liabilities (€90.4M).


Debt to Equity History and Analysis

Debt Level: TES's debt to equity ratio (310.3%) is considered high.

Reducing Debt: TES's debt to equity ratio has increased from 171% to 310.3% over the past 5 years.

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

Interest Coverage: TES is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Tesmec current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TES's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TES is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TES'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?

€466k

CEO Compensation


CEO

Ambrogio Dominioni (74 yo)

no data

Tenure

€465,808

Compensation

Dr. Ambrogio Caccia Dominioni serves as the Chairman of the Board and Chief Executive Officer of Tesmec S.p.A. and served as its Managing Director. From 1971 to 1979, Dr. Dominioni served for Andersen Cons ...


CEO Compensation Analysis

Compensation vs Market: Ambrogio's total compensation ($USD545.44K) is about average for companies of similar size in the Italian market ($USD423.01K).

Compensation vs Earnings: Ambrogio's compensation has been consistent with company performance over the past year.


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

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


Key Information

  • Name: Tesmec S.p.A.
  • Ticker: TES
  • Exchange: BIT
  • Founded: 1951
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €19.860m
  • Shares outstanding: 102.37m
  • Website: https://www.tesmec.com

Number of Employees


Location

  • Tesmec S.p.A.
  • Via Zanica, 17/O
  • Grassobbio
  • Bergamo
  • 24050
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TESBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2010
0MVJLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2010
2GVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2010

Biography

Tesmec S.p.A. designs, produces, and markets products and integrated solutions for the construction, maintenance, and streamlining of infrastructures relating to the transmission of electrical power, data, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/23 04:44
End of Day Share Price2020/09/22 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.