F.I.L.A. - Fabbrica Italiana Lapis ed Affini
Market Cap
€646.0m
Last Updated
2020/02/24 23:00 UTC
Data Sources
Company Financials +
Executive Summary
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with reasonable growth potential.
Share Price & News
How has F.I.L.A. - Fabbrica Italiana Lapis ed Affini's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FILA's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-10.5%
FILA
-10.5%
IT Commercial Services
-7.2%
IT Market
1 Year Return
-20.7%
FILA
-9.8%
IT Commercial Services
8.2%
IT Market
Return vs Industry: FILA underperformed the Italian Commercial Services industry which returned -9.8% over the past year.
Return vs Market: FILA underperformed the Italian Market which returned 8.2% over the past year.
Shareholder returns
| FILA | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.5% | -10.5% | -7.2% |
| 30 Day | -15.5% | -18.3% | -3.3% |
| 90 Day | -20.1% | -12.9% | -2.2% |
| 1 Year | -20.2%-20.7% | -8.7%-9.8% | 12.9%8.2% |
| 3 Year | -19.3%-23.7% | 8.4%3.7% | 29.0%16.0% |
| 5 Year | n/a | -29.0%-37.9% | 8.8%-28.3% |
Price Volatility Vs. Market
How volatile is F.I.L.A. - Fabbrica Italiana Lapis ed Affini's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Are F.I.L.A. - Fabbrica Italiana Lapis ed Affini's (BIT:FILA) Statutory Earnings A Good Guide To Its Underlying Profitability?1 month ago | Simply Wall St
Estimating The Fair Value Of F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. (BIT:FILA)1 month ago | Simply Wall St
These 4 Measures Indicate That F.I.L.A. - Fabbrica Italiana Lapis ed Affini (BIT:FILA) Is Using Debt ExtensivelyValuation
Is F.I.L.A. - Fabbrica Italiana Lapis ed Affini undervalued compared to its fair value and its price relative to the market?
16.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FILA (€11.64) is trading below our estimate of fair value (€13.91)
Significantly Below Fair Value: FILA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FILA is poor value based on its PE Ratio (24.8x) compared to the Commercial Services industry average (20.8x).
PE vs Market: FILA is poor value based on its PE Ratio (24.8x) compared to the Italian market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: FILA is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: FILA is good value based on its PB Ratio (2x) compared to the IT Commercial Services industry average (2.6x).
Next Steps
Future Growth
How is F.I.L.A. - Fabbrica Italiana Lapis ed Affini forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
27.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FILA's forecast earnings growth (27.8% per year) is above the savings rate (1.2%).
Earnings vs Market: FILA's earnings (27.8% per year) are forecast to grow faster than the Italian market (10% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FILA's revenue (5.2% per year) is forecast to grow faster than the Italian market (4.2% per year).
High Growth Revenue: FILA's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FILA's Return on Equity is forecast to be low in 3 years time (15.6%).
Next Steps
Past Performance
How has F.I.L.A. - Fabbrica Italiana Lapis ed Affini performed over the past 5 years?
19.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FILA has a large one-off loss of €21.8M impacting its September 30 2019 financial results.
Growing Profit Margin: FILA's current net profit margins (3.5%) are higher than last year (0.5%).
Past Earnings Growth Analysis
Earnings Trend: FILA's earnings have grown by 19.1% per year over the past 5 years.
Accelerating Growth: FILA's earnings growth over the past year (732%) exceeds its 5-year average (19.1% per year).
Earnings vs Industry: FILA earnings growth over the past year (732%) exceeded the Commercial Services industry 39.4%.
Return on Equity
High ROE: FILA's Return on Equity (7.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is F.I.L.A. - Fabbrica Italiana Lapis ed Affini's financial position?
Financial Position Analysis
Short Term Liabilities: FILA's short term assets (€538.4M) exceed its short term liabilities (€232.1M).
Long Term Liabilities: FILA's short term assets (€538.4M) do not cover its long term liabilities (€602.8M).
Debt to Equity History and Analysis
Debt Level: FILA's debt to equity ratio (155.2%) is considered high.
Reducing Debt: FILA's debt to equity ratio has increased from 89.6% to 155.2% over the past 5 years.
Debt Coverage: FILA's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: FILA's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Inventory Level: FILA has a high level of physical assets or inventory.
Debt Coverage by Assets: FILA's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is F.I.L.A. - Fabbrica Italiana Lapis ed Affini's current dividend yield, its reliability and sustainability?
0.69%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FILA's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.09%).
High Dividend: FILA's dividend (0.69%) is low compared to the top 25% of dividend payers in the Italian market (4.73%).
Stability and Growth of Payments
Stable Dividend: FILA is not paying a notable dividend for the Italian market, therefore no need to check if payments are stable.
Growing Dividend: FILA is not paying a notable dividend for the Italian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FILA is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FILA'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?
4.3yrs
Average board tenure
CEO
Massimo Candela (54yo)
€1,438,000
Compensation
Dr. Massimo Candela serves as the Chief Executive Officer of Fila-Fabbrica Italiana Lapis ed Affini SpA and has been its Director since June 4, 2015. Dr. Candela serves as the Chairman of Dixon Ticonderoga ...
CEO Compensation Analysis
Compensation vs Market: Massimo's total compensation ($USD1.56M) is above average for companies of similar size in the Italian market ($USD1.02M).
Compensation vs Earnings: Massimo's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0yrs | €1.44m | 52.63% €340.0m | |
| Executive Director | 4.7yrs | €463.60k | no data | |
| Honorary Chairman | 0yrs | €163.33k | no data | |
| Lead Independent Director | 4.3yrs | €46.33k | no data | |
| Independent Director | 5.6yrs | €26.33k | no data | |
| Non-Executive Director | 4.6yrs | €20.67k | no data | |
| Independent Director | 1.8yrs | €14.25k | no data | |
| Independent Director | 1.8yrs | €18.00k | no data | |
| Chairman | 0.5yrs | no data | no data | |
| Chairman of the Board of Statutory Auditors | 1.8yrs | no data | no data |
4.3yrs
Average Tenure
55.5yo
Average Age
Experienced Board: FILA's board of directors are considered experienced (4.3 years average tenure).
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 diluted in the past year, with total shares outstanding growing by 20.6%.
Top Shareholders
Company Information
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.
- Ticker: FILA
- Exchange: BIT
- Founded: 1920
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: €646.031m
- Shares outstanding: 50.95m
- Website: https://www.fila.it
Number of Employees
Location
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.
- Via XXV Aprile 5
- Pero
- Milan
- 20016
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 0QIQ | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Jun 2014 |
| 3S0 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2014 |
| FILAM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Jun 2014 |
| FILA | BIT (Borsa Italiana) | Yes | Common Stock | IT | EUR | Jun 2014 |
Biography
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. produces and sells coloring, designing, modelling, writing, and painting objects worldwide. The company offers modelling clay, polychrome drawing, colored pencils, watercolors, wax crayons, play dough, pens, graphite pencils, sharpeners, paints, markers, chalks, felt-tip pens, glitter glue, finger paints, sticks and paste, brushes, papier-mache and plaster, plasticine, engraving and painting, baby creative sets, make-up, erasers, oil crayons, mechanical pencils and leads, and monochrome drawing. The company offers its products under the brands, such as Giotto, Pongo, Das, Lyra, Canson, Maimeri, Daler & Rowney Lukas, and Ticonderoga. F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. was founded in 1920 and is headquartered in Pero, Italy.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 23:00 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.