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Ambienthesis

BIT:ATH
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATH
BIT
€33M
Market Cap
  1. Home
  2. IT
  3. Commercial Services
Company description

Ambienthesis S.p.A. engages in the reclamation, environmental remediation and treatment, recovery, and disposal of special, hazardous, and non-hazardous waste in Italy. The last earnings update was 56 days ago. More info.


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ATH Share Price and Events
7 Day Returns
2.5%
BIT:ATH
-1.1%
IT Commercial Services
2.6%
IT Market
1 Year Returns
-3.4%
BIT:ATH
-12%
IT Commercial Services
-3.4%
IT Market
ATH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ambienthesis (ATH) 2.5% -2.6% 7.2% -3.4% -4.3% -33.6%
IT Commercial Services -1.1% -2.3% 0.6% -12% 27.5% -43.8%
IT Market 2.6% 3.3% -0.1% -3.4% 8.5% -35.2%
1 Year Return vs Industry and Market
  • ATH outperformed the Commercial Services industry which returned -12% over the past year.
  • ATH matched the Italy Market (-3.4%) over the past year.
Price Volatility
ATH
Industry
5yr Volatility vs Market

ATH Value

 Is Ambienthesis undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ambienthesis to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ambienthesis.

BIT:ATH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:ATH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 24%) (11.99%))
0.83
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (0.83 * 9.02%)
10.42%

Discounted Cash Flow Calculation for BIT:ATH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ambienthesis is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:ATH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.42%)
2019 0.65 Est @ -60.4% 0.58
2020 0.38 Est @ -41.4% 0.31
2021 0.27 Est @ -28.1% 0.20
2022 0.22 Est @ -18.79% 0.15
2023 0.19 Est @ -12.27% 0.12
2024 0.18 Est @ -7.71% 0.10
2025 0.17 Est @ -4.52% 0.09
2026 0.17 Est @ -2.28% 0.08
2027 0.17 Est @ -0.72% 0.07
2028 0.17 Est @ 0.38% 0.06
Present value of next 10 years cash flows €1.75
BIT:ATH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.17 × (1 + 2.93%) ÷ (10.42% – 2.93%)
€2.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2.28 ÷ (1 + 10.42%)10
€0.85
BIT:ATH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1.75 + €0.85
€2.60
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2.60 / 88.19
€0.03
BIT:ATH Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.03
Current discount Discount to share price of €0.37
= -1 x (€0.37 - €0.03) / €0.03
-1162.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ambienthesis is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ambienthesis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ambienthesis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:ATH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.04
BIT:ATH Share Price ** BIT (2019-06-24) in EUR €0.37
Italy Commercial Services Industry PE Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 17.35x
Italy Market PE Ratio Median Figure of 239 Publicly-Listed Companies 15.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ambienthesis.

BIT:ATH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:ATH Share Price ÷ EPS (both in EUR)

= 0.37 ÷ 0.04

10.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ambienthesis is good value based on earnings compared to the IT Commercial Services industry average.
  • Ambienthesis is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does Ambienthesis's expected growth come at a high price?
Raw Data
BIT:ATH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.34x
Italy Market PEG Ratio Median Figure of 163 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ambienthesis, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ambienthesis's assets?
Raw Data
BIT:ATH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.51
BIT:ATH Share Price * BIT (2019-06-24) in EUR €0.37
Italy Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.08x
Italy Market PB Ratio Median Figure of 324 Publicly-Listed Companies 1.44x
BIT:ATH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:ATH Share Price ÷ Book Value per Share (both in EUR)

= 0.37 ÷ 0.51

0.73x

* Primary Listing of Ambienthesis.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ambienthesis is good value based on assets compared to the IT Commercial Services industry average.
X
Value checks
We assess Ambienthesis's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Ambienthesis has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ATH Future Performance

 How is Ambienthesis expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ambienthesis has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.3%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ambienthesis expected to grow at an attractive rate?
  • Unable to compare Ambienthesis's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ambienthesis's earnings growth to the Italy market average as no estimate data is available.
  • Unable to compare Ambienthesis's revenue growth to the Italy market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BIT:ATH Future Growth Rates Data Sources
Data Point Source Value (per year)
Italy Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Italy Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:ATH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:ATH Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 82 3 3
2018-09-30 77 2
2018-06-30 69 3 0
2018-03-31 64 -3
2017-12-31 59 -1 -3
2017-09-30 63 -6
2017-06-30 70 1 -4
2017-03-31 76 -1
2016-12-31 77 11 -2
2016-09-30 71 11 -9
2016-06-30 63 9 -11
2016-03-31 57 10 -13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ambienthesis is high growth as no earnings estimate data is available.
  • Unable to determine if Ambienthesis is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:ATH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ambienthesis Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:ATH Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.04
2018-09-30 0.02
2018-06-30 0.00
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.07
2017-06-30 -0.05
2017-03-31
2016-12-31 -0.02
2016-09-30 -0.11
2016-06-30 -0.13
2016-03-31 -0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ambienthesis will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Ambienthesis is trading at Ambienthesis'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Ambienthesis's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Ambienthesis's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ambienthesis's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ambienthesis has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ATH Past Performance

  How has Ambienthesis performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ambienthesis's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ambienthesis has delivered over 20% year on year earnings growth in the past 5 years.
  • Ambienthesis has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Ambienthesis has become profitable in the last year making it difficult to compare the IT Commercial Services industry average.
Earnings and Revenue History
Ambienthesis's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ambienthesis Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:ATH Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 81.86 3.17 1.80
2018-09-30 76.58 1.62 3.19
2018-06-30 69.24 -0.43 1.81
2018-03-31 64.19 -2.77 2.27
2017-12-31 58.79 -2.71 1.86
2017-09-30 63.32 -5.76 1.96
2017-06-30 69.59 -4.12 1.81
2017-03-31 76.26 -0.93 1.96
2016-12-31 77.17 -1.73 1.96
2016-09-30 71.47 -9.43 3.17
2016-06-30 63.46 -11.19 2.18
2016-03-31 56.60 -12.83 2.14
2015-12-31 53.69 -13.41 2.14
2015-09-30 48.62 -7.79 2.24
2015-06-30 49.81 -7.55 1.97
2015-03-31 49.34 -11.63 2.24
2014-12-31 49.32 -11.06 2.24
2014-09-30 53.87 -6.42 2.31
2014-06-30 54.39 -7.22 2.38
2014-03-31 56.85 -2.78 2.31
2013-12-31 59.64 -2.38 2.31
2013-09-30 60.56 -3.02 2.25
2013-06-30 63.02 -1.93 2.35
2013-03-31 64.69 -1.44 2.25
2012-12-31 67.79 -0.61 2.25
2012-09-30 70.37 0.10 2.28
2012-06-30 72.33 2.11 2.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ambienthesis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ambienthesis used its assets more efficiently than the IT Commercial Services industry average last year based on Return on Assets.
  • Ambienthesis has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Ambienthesis's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ambienthesis has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ATH Health

 How is Ambienthesis's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ambienthesis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ambienthesis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ambienthesis's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ambienthesis's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ambienthesis Company Filings, last reported 5 months ago.

BIT:ATH Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 45.21 3.93 1.92
2018-09-30 45.21 3.93 1.92
2018-06-30 42.02 5.14 2.83
2018-03-31 42.02 5.14 2.83
2017-12-31 42.02 5.72 1.65
2017-09-30 41.99 4.90 1.63
2017-06-30 42.48 4.12 0.45
2017-03-31 45.02 6.82 0.96
2016-12-31 45.61 4.26 3.19
2016-09-30 48.61 5.48 5.01
2016-06-30 47.60 5.74 3.62
2016-03-31 46.92 6.37 3.53
2015-12-31 47.98 11.18 0.49
2015-09-30 58.55 11.07 0.50
2015-06-30 59.33 12.42 0.02
2015-03-31 60.03 11.94 0.05
2014-12-31 61.04 13.77 0.59
2014-09-30 66.21 18.66 0.08
2014-06-30 66.41 17.48 0.14
2014-03-31 71.19 17.02 0.11
2013-12-31 71.93 17.23 0.47
2013-09-30 72.32 17.17 0.22
2013-06-30 73.36 16.76 0.66
2013-03-31 73.85 15.39 0.19
2012-12-31 74.35 16.05 0.45
2012-09-30 75.66 19.42 0.76
2012-06-30 76.54 18.38 0.09
  • Ambienthesis's level of debt (8.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24% vs 8.7% today).
  • Debt is well covered by operating cash flow (83.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.2x coverage).
X
Financial health checks
We assess Ambienthesis's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ambienthesis has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ATH Dividends

 What is Ambienthesis's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.15%
Current annual income from Ambienthesis dividends.
If you bought €2,000 of Ambienthesis shares you are expected to receive €43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ambienthesis's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.12%).
  • Ambienthesis's dividend is below the markets top 25% of dividend payers in Italy (4.53%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:ATH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Italy Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.4%
Italy Market Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4.1%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.1%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:ATH Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.008 2.118
2019-04-12 0.008 2.135
2012-04-04 0.010 3.427
2011-03-24 0.010 3.167
2010-11-12 0.000 0.000
2010-08-06 0.000 0.000
2010-05-13 0.000 0.000
2010-04-12 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Ambienthesis has been paying a dividend for less than 10 years.
  • Ambienthesis has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Ambienthesis's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ambienthesis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ambienthesis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ambienthesis has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ATH Management

 What is the CEO of Ambienthesis's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Damiano Belli
COMPENSATION €40,000
AGE 51
TENURE AS CEO 4.5 years
CEO Bio

Mr. Damiano Belli has been Chief Executive Officer and Executive Director at Ambienthesis SpA since December 16, 2014. Mr. Belli has been Manager at Green Holding Spa since July 2014. He has been Chief Executive Officer and Director at Grandi Bonifiche Scrl since December, 2014. He served as Manager at Consorzio Stabile Cosint Scrl from April 2006 to July 2014. He served as Business Manager (Reclamation Department) from 2003 to March 2006, former Strategy and Development Manager from 1999 to 2003, former Business Manager from 1994 to 1999, Head of Plants from 1993 to 1994 and Head of Commercial Department from 1989 to 1993 at Teseco Spa. He served as a Director at Consorzio Stabile Cosint Scrl from July 2013 to July 2014. Mr. Belli served as a Director at Ecofir Srl (representing Teseco Spa) from 1995 to 1999. He holds Degree in Industrial Chemistry at It is T. Buzzi. He Speaks English and French.

CEO Compensation
  • Damiano's compensation has increased in line with Ambienthesis recently becoming profitable.
  • Damiano's remuneration is higher than average for companies of similar size in Italy.
Management Team

Damiano Belli

TITLE
CEO & Executive Director
COMPENSATION
€40K
AGE
51
TENURE
4.5 yrs

Franco Castagnola

TITLE
Director
COMPENSATION
€10K
AGE
67
Board of Directors Tenure

Average tenure and age of the Ambienthesis board of directors in years:

11.8
Average Tenure
53
Average Age
  • The average tenure for the Ambienthesis board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Giovanni Bozzetti

TITLE
President of Board of Directors
COMPENSATION
€70K

Damiano Belli

TITLE
CEO & Executive Director
COMPENSATION
€40K
AGE
51
TENURE
4.5 yrs

Andrea Monorchio

TITLE
Honorary Chairman
TENURE
11.8 yrs

Franco Castagnola

TITLE
Director
COMPENSATION
€10K
AGE
67
TENURE
12.2 yrs

Michaela Marcarini

TITLE
Chairman of the Board of Statutory Auditors
COMPENSATION
€29K
AGE
59

Paola Margutti

TITLE
Independent Non-Executive Director
COMPENSATION
€10K

Susanna Pedretti

TITLE
Independent Non-Executive Director
COMPENSATION
€10K
AGE
41

Giovanni Mangialardi

TITLE
Non-Executive Director
COMPENSATION
€10K

Maria Bazzano

TITLE
Non-Executive Director
COMPENSATION
€117K
AGE
54

Paolo Rossi

TITLE
Independent Non-Executive Director
COMPENSATION
€598K
AGE
52
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Ambienthesis's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ambienthesis has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ATH News

Simply Wall St News

Does The Ambienthesis S.p.A. (BIT:ATH) Share Price Fall With The Market?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Check out our latest analysis for Ambienthesis What we can learn from ATH's beta value Given that it has a beta of 1.09, we can surmise that the Ambienthesis share price has been fairly sensitive to market volatility (over the last 5 years). … Share price volatility is well worth considering, but most long term investors consider the history of revenue and earnings growth to be more important.

Simply Wall St -

Investors Who Bought Ambienthesis (BIT:ATH) Shares Five Years Ago Are Now Down 36%

When a company doesn't make profits, we'd generally expect to see good revenue growth. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth. … Shareholders will want the company to approach profitability if it can't grow revenue any faster.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Ambienthesis S.p.A. (BIT:ATH)?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What You Must Know About Ambienthesis S.p.A.'s (BIT:ATH) Financial Strength

Investors are always looking for growth in small-cap stocks like Ambienthesis S.p.A. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

What You Must Know About Ambienthesis SpA's (BIT:ATH) Financial Strength

Investors are always looking for growth in small-cap stocks like Ambienthesis SpA (BIT:ATH), with a market cap of €33.16m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Ambienthesis Sp.A. (BIT:ATH)

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … ATH, with its market capitalisation of €31.92M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Is Ambienthesis Sp.A.'s (BIT:ATH) Balance Sheet Strong Enough To Weather A Storm?

Additionally, ATH has generated cash from operations of €2.38M over the same time period, leading to an operating cash to total debt ratio of 21.28%, meaning that ATH’s current level of operating cash is high enough to cover debt. … At the current liabilities level of €52.31M liabilities, it seems that the business is not able to meet these obligations given the level of current assets of €48.71M, with a current ratio of 0.93x below the prudent level of 3x. … Investors' risk associated with debt is very low with ATH, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: ATH’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Does Ambienthesis Sp.A.'s (BIT:ATH) Past Performance Indicate A Weaker Future?

Measuring Ambienthesis Sp.A.'s (BIT:ATH) track record of past performance is an insightful exercise for investors. … For the most up-to-date info, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Though Ambienthesis's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

ATH Company Info

Description

Ambienthesis S.p.A. engages in the reclamation, environmental remediation and treatment, recovery, and disposal of special, hazardous, and non-hazardous waste in Italy. The company designs, constructs, and manages systems for the disposal and recovery of industrial waste, as well as energy production; provides disposal services to various civil and industrial liquid waste; and stores various waste, such as batteries, paint, T/F containers, drugs, acids, bases, and reagents. It also designs, engineers, and constructs fixed and mobile plants for the treatment of urban and industrial waste. The company is based in Segrate, Italy. Ambienthesis S.p.A. is a subsidiary of Blue Holding S.r.l.

Details
Name: Ambienthesis S.p.A.
ATH
Exchange: BIT
Founded:
€32,806,020
88,188,227
Website: http://www.ambienthesis.com
Address: Ambienthesis S.p.A.
Via Cassanese 45,
Segrate,
Milan, 20090,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT ATH Common Stock Borsa Italiana IT EUR 11. Dec 2006
BST SJW Common Stock Boerse-Stuttgart DE EUR 11. Dec 2006
BATS-CHIXE ATHM Common Stock BATS 'Chi-X Europe' GB EUR 11. Dec 2006
Number of employees
Current staff
Staff numbers
0
Ambienthesis employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 20:33
End of day share price update: 2019/06/24 00:00
Last earnings filing: 2019/04/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.