BIT:TFI

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TREVI - Finanziaria Industriale

Executive Summary

TREVI - Finanziaria Industriale S.p.A., together with its subsidiaries, provides foundation engineering services worldwide. More Details


Snowflake Analysis

Undervalued with mediocre balance sheet.

Share Price & News

How has TREVI - Finanziaria Industriale's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TFI is more volatile than 90% of Italian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TFI's weekly volatility has decreased from 20% to 8% over the past year, but is still higher than 75% of Italian stocks.


Market Performance


7 Day Return

-2.2%

TFI

-1.6%

IT Construction

-1.4%

IT Market


1 Year Return

-99.9%

TFI

-22.5%

IT Construction

-8.9%

IT Market

Return vs Industry: TFI underperformed the Italian Construction industry which returned -19.4% over the past year.

Return vs Market: TFI underperformed the Italian Market which returned -7.4% over the past year.


Shareholder returns

TFIIndustryMarket
7 Day-2.2%-1.6%-1.4%
30 Day23.4%23.3%17.7%
90 Day-38.4%3.8%9.6%
1 Year-26.7%-99.9%-21.5%-22.5%-6.5%-8.9%
3 Year-65.3%-100.0%-57.9%-10.0%-0.1%-9.9%
5 Year-89.4%-100.0%27.2%8.1%8.6%-24.7%

Long-Term Price Volatility Vs. Market

How volatile is TREVI - Finanziaria Industriale's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TREVI - Finanziaria Industriale 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: TFI (€1.16) is trading below our estimate of fair value (€7.53)

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


Price To Earnings Ratio

PE vs Industry: TFI is good value based on its PE Ratio (0.1x) compared to the XE Construction industry average (12x).

PE vs Market: TFI is good value based on its PE Ratio (0.1x) compared to the Italian market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: TFI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TFI is good value based on its PB Ratio (0.2x) compared to the IT Construction industry average (1.3x).


Next Steps

Future Growth

How is TREVI - Finanziaria Industriale forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-98.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFI's earnings are forecast to decline over the next 3 years (-98.4% per year).

Earnings vs Market: TFI's earnings are forecast to decline over the next 3 years (-98.4% per year).

High Growth Earnings: TFI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TFI's revenue (10.5% per year) is forecast to grow faster than the Italian market (3.2% per year).

High Growth Revenue: TFI's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TFI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has TREVI - Finanziaria Industriale performed over the past 5 years?

31.1%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: TFI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TFI has become profitable over the past 5 years, growing earnings by 31.1% per year.

Accelerating Growth: TFI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TFI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (1.1%).


Return on Equity

High ROE: Whilst TFI's Return on Equity (140.12%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

  • Explore strong past performing companies in the Capital Goods industry.

Financial Health

How is TREVI - Finanziaria Industriale's financial position?


Financial Position Analysis

Short Term Liabilities: TFI's short term assets (€512.7M) exceed its short term liabilities (€298.6M).

Long Term Liabilities: TFI's short term assets (€512.7M) exceed its long term liabilities (€337.3M).


Debt to Equity History and Analysis

Debt Level: TFI's debt to equity ratio (190.2%) is considered high.

Reducing Debt: TFI's debt to equity ratio has increased from 124.9% to 190.2% over the past 5 years.

Debt Coverage: TFI's debt is well covered by operating cash flow (20.5%).

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


Balance Sheet


Next Steps

Dividend

What is TREVI - Finanziaria Industriale current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

1.3yrs

Average management tenure


CEO

Giuseppe Caselli

1.25yrs

Tenure

€125,000

Compensation

Giuseppe Caselli serves as Chief Executive Officer of TREVI - Finanziaria Industriale S.p.A. since September 2019 and also serves as its Director and has been its Managing Director supervising the function...


Leadership Team

NamePositionTenureCompensationOwnership
Giuseppe Caselli
CEO, MD supervising functioning of Internal Control System & Risk and Director1.25yrs€125.00kno data
Cesare Trevisani
Vice Chairman & VPno data€161.64kno data
Simone Trevisani
Executive Director5.92yrs€184.99kno data
Sergio Iasi
Chief Restructuring Officer & Director3yrs€400.00kno data
Massimo Sala
Chief Financial Officer1.25yrsno datano data
Alessandro Vottero
Head of Legal & Corporate Affairsno datano datano data
Pio Franchini
Senior Vice President of Organization & HRno datano datano data
Daniele Vanni
Head of Design R&Dno datano datano data
Claudio Cicognani
President of Drillmec S.P.A.no datano datano data
Federico Pagliacci
Head of Marketing & Technical Development - SOILMECno datano datano data
Marco Casadei
Chief Financial Officer of SOILMECno datano datano data

1.3yrs

Average Tenure

Experienced Management: TFI's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Giuseppe Caselli
CEO, MD supervising functioning of Internal Control System & Risk and Director1.25yrs€125.00kno data
Cesare Trevisani
Vice Chairman & VPno data€161.64kno data
Simone Trevisani
Executive Director5.92yrs€184.99kno data
Sergio Iasi
Chief Restructuring Officer & Director3yrs€400.00kno data
Christina Mahne
Non Executive & Independent Directorno data€51.00kno data
Rita Rolli
Non Executive & Independent Director5.92yrs€51.00kno data
Marta Dassù
Non Executive & Independent Director3.58yrs€40.00kno data
Luca d'Agnese
Chairman of the Board1.25yrs€10.00kno data
Alessandro Piccioni
Non-Executive & Independent Director1.25yrs€10.00kno data
Elisabetta Oliveri
Non-Executive & Independent Director1.25yrs€10.00kno data
Luca Caviglia
Director1.25yrs€10.00kno data
Marco Vicini
President of Statutory Auditors0.42yrno datano data

1.3yrs

Average Tenure

55yo

Average Age

Experienced Board: TFI's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 916565.7%.


Top Shareholders

Company Information

TREVI - Finanziaria Industriale S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TREVI - Finanziaria Industriale S.p.A.
  • Ticker: TFI
  • Exchange: BIT
  • Founded: 1957
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €177.105m
  • Shares outstanding: 150.86m
  • Website: https://www.trevifin.com

Number of Employees


Location

  • TREVI - Finanziaria Industriale S.p.A.
  • 201, via Larga
  • Cesena
  • Forlì
  • 47522
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TFIBIT (Borsa Italiana)YesOrdinary SharesITEURJul 1999
0G91LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1999
TVFZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1999
TFIMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1999
TV9DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999

Biography

TREVI - Finanziaria Industriale S.p.A., together with its subsidiaries, provides foundation engineering services worldwide. It offers foundation engineering services for civil works and infrastructure proj...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 18:44
End of Day Share Price2020/12/02 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.