F.I.L.A. - Fabbrica Italiana Lapis ed Affini
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. The last earnings update was 60 days ago. More info.
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FILA Share Price and Events
7 Day Returns
1 Year Returns
FILA Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| F.I.L.A. - Fabbrica Italiana Lapis ed Affini (FILA) | -1.3% | 0.6% | 3.8% | -23.8% | 9.1% | - |
| IT Commercial Services | 0.8% | 2.5% | -3.6% | -16.1% | 25% | -44.1% |
| IT Market | -0.8% | 3.1% | -0.6% | -1.2% | 8.2% | -31.9% |
1 Year Return vs Industry and Market
- FILA underperformed the Commercial Services industry which returned -16.1% over the past year.
- FILA underperformed the Market in Italy which returned -1.2% over the past year.
FILA Value
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
F.I.L.A. - Fabbrica Italiana Lapis ed Affini
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for F.I.L.A. - Fabbrica Italiana Lapis ed Affini.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12.7% |
| 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.
| 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 | 0.67 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.672 (1 + (1- 24%) (88.7%)) |
1.084 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.08 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.084 * 9.02%) |
12.71% |
Discounted Cash Flow Calculation for BIT:FILA using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 12.71%) |
|
|---|---|---|---|
| 2020 | 55.03 | Analyst x3 | 48.83 |
| 2021 | 63.90 | Analyst x3 | 50.30 |
| 2022 | 71.14 | Est @ 11.32% | 49.68 |
| 2023 | 77.40 | Est @ 8.81% | 47.96 |
| 2024 | 82.85 | Est @ 7.05% | 45.55 |
| 2025 | 87.67 | Est @ 5.81% | 42.76 |
| 2026 | 92.01 | Est @ 4.95% | 39.82 |
| 2027 | 96.01 | Est @ 4.34% | 36.86 |
| 2028 | 99.77 | Est @ 3.92% | 33.99 |
| 2029 | 103.39 | Est @ 3.62% | 31.25 |
| Present value of next 10 years cash flows | €427.00 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= €103.39 × (1 + 2.93%) ÷ (12.71% – 2.93%) |
€1,088.54 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €1,088.54 ÷ (1 + 12.71%)10 |
€329.01 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €427.00 + €329.01 |
€756.01 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €756.01 / 50.95 |
€14.84 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €14.84 |
| Current discount | Discount to share price of
€13.72
= -1 x (€13.72 - €14.84) / €14.84 |
7.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €0.11 |
| BIT:FILA Share Price ** | BIT (2019-07-19) in EUR | €13.72 |
| Italy Commercial Services Industry PE Ratio | Median Figure of 8 Publicly-Listed Commercial Services Companies | 17.81x |
| Italy Market PE Ratio | Median Figure of 240 Publicly-Listed Companies | 15.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of F.I.L.A. - Fabbrica Italiana Lapis ed Affini.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BIT:FILA Share Price ÷ EPS (both in EUR) = 13.72 ÷ 0.11 |
124.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is overvalued based on earnings compared to the IT Commercial Services industry average.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is overvalued based on earnings compared to the Italy market.
Price based on expected Growth
Does
F.I.L.A. - Fabbrica Italiana Lapis ed Affini's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 124.91x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
38.1%per year |
| Europe Commercial Services Industry PEG Ratio | Median Figure of 52 Publicly-Listed Commercial Services Companies | 1.29x |
| Italy Market PEG Ratio | Median Figure of 161 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 124.91x ÷ 38.1% |
3.28x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
F.I.L.A. - Fabbrica Italiana Lapis ed Affini's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €6.43 |
| BIT:FILA Share Price * | BIT (2019-07-19) in EUR | €13.72 |
| Italy Commercial Services Industry PB Ratio | Median Figure of 9 Publicly-Listed Commercial Services Companies | 2.19x |
| Italy Market PB Ratio | Median Figure of 324 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BIT:FILA Share Price ÷ Book Value per Share (both in EUR) = 13.72 ÷ 6.43 |
2.13x |
* Primary Listing of F.I.L.A. - Fabbrica Italiana Lapis ed Affini.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is good value based on assets compared to the IT Commercial Services industry average.
Value checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 1/6, 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.
FILA Future Performance
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!
Earnings growth vs Low Risk Savings
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's earnings growth is expected to exceed the Italy market average.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| BIT:FILA Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 38.1% |
| BIT:FILA Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 5.6% |
| Italy Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 25.9% |
| Europe Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| Italy Market Earnings Growth Rate | Market Cap Weighted Average | 8.8% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 763 | 56 | 2 | |
| 2020-12-31 | 736 | 77 | 52 | 5 |
| 2019-12-31 | 703 | 70 | 39 | 4 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 628 | 51 | 5 |
| 2018-12-31 | 589 | 50 | 9 |
| 2018-09-30 | 555 | 42 | 3 |
| 2018-06-30 | 509 | 30 | 7 |
| 2018-03-31 | 498 | 24 | 14 |
| 2017-12-31 | 510 | 24 | 16 |
| 2017-09-30 | 509 | 27 | 21 |
| 2017-06-30 | 484 | 29 | 22 |
| 2017-03-31 | 460 | 44 | 27 |
| 2016-12-31 | 425 | 42 | 21 |
| 2016-09-30 | 369 | 16 | 35 |
| 2016-06-30 | 338 | 16 | 31 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from F.I.L.A. - Fabbrica Italiana Lapis ed Affini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.10 | 1.17 | 1.02 | 3.00 |
| 2020-12-31 | 1.03 | 1.07 | 0.93 | 5.00 |
| 2019-12-31 | 0.88 | 1.08 | 0.75 | 4.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.11 |
| 2018-12-31 | 0.20 |
| 2018-09-30 | 0.07 |
| 2018-06-30 | 0.17 |
| 2018-03-31 | 0.34 |
| 2017-12-31 | 0.38 |
| 2017-09-30 | 0.52 |
| 2017-06-30 | 0.53 |
| 2017-03-31 | 0.61 |
| 2016-12-31 | 0.51 |
| 2016-09-30 | 0.85 |
| 2016-06-30 | 0.77 |
*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.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 4/6, 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.
FILA Past Performance
How has F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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
Past Earnings growth analysis
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's 1-year earnings growth is negative, it can't be compared to the IT Commercial Services industry average.
Earnings and Revenue History
All data from F.I.L.A. - Fabbrica Italiana Lapis ed Affini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 627.76 | 4.99 | 151.54 | |
| 2018-12-31 | 588.75 | 8.75 | 142.03 | |
| 2018-09-30 | 554.52 | 2.87 | 135.07 | |
| 2018-06-30 | 508.95 | 7.05 | 124.49 | |
| 2018-03-31 | 497.54 | 14.29 | 122.11 | |
| 2017-12-31 | 510.35 | 15.77 | 122.26 | |
| 2017-09-30 | 509.24 | 21.21 | 131.79 | |
| 2017-06-30 | 483.53 | 21.82 | 98.46 | |
| 2017-03-31 | 459.96 | 27.01 | 104.14 | |
| 2016-12-31 | 425.24 | 20.99 | 95.60 | |
| 2016-09-30 | 369.10 | 34.78 | 122.86 | |
| 2016-06-30 | 337.75 | 30.72 | 71.49 | |
| 2016-03-31 | 303.38 | -20.95 | 85.35 | |
| 2015-12-31 | 277.58 | -16.72 | 68.05 | |
| 2015-09-30 | 268.74 | -27.03 | 9.63 | |
| 2015-06-30 | 253.09 | -29.92 | 10.30 | |
| 2015-03-31 | 230.01 | 14.42 | 8.28 | |
| 2014-12-31 | 234.82 | 16.65 | 9.63 | |
| 2014-09-30 | 228.53 | 14.49 | -22.06 | |
| 2013-12-31 | 220.66 | 13.56 | 9.74 | |
| 2012-12-31 | 217.78 | 14.74 | 9.60 |
*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.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini used its assets less efficiently than the IT Commercial Services industry average last year based on Return on Assets.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 1/6, 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.
FILA Health
How is F.I.L.A. - Fabbrica Italiana Lapis ed Affini'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 F.I.L.A. - Fabbrica Italiana Lapis ed Affini's finances.
The net worth of a company is the difference between its assets and liabilities.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.8x 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.
All data from F.I.L.A. - Fabbrica Italiana Lapis ed Affini Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 343.56 | 620.00 | 41.22 |
| 2018-12-31 | 338.81 | 611.20 | 157.68 |
| 2018-09-30 | 249.97 | 637.33 | 45.35 |
| 2018-06-30 | 243.37 | 652.19 | 38.77 |
| 2018-03-31 | 241.31 | 321.72 | 51.84 |
| 2017-12-31 | 239.58 | 278.60 | 38.63 |
| 2017-09-30 | 249.39 | 313.61 | 36.71 |
| 2017-06-30 | 244.81 | 315.78 | 29.61 |
| 2017-03-31 | 248.62 | 297.53 | 41.00 |
| 2016-12-31 | 238.97 | 283.59 | 59.52 |
| 2016-09-30 | 231.70 | 194.05 | 19.00 |
| 2016-06-30 | 229.84 | 206.13 | 15.98 |
| 2016-03-31 | 227.16 | 196.32 | 29.62 |
| 2015-12-31 | 211.73 | 70.05 | 30.68 |
| 2015-09-30 | 176.89 | 96.40 | 65.80 |
| 2015-06-30 | 173.09 | 115.75 | 59.84 |
| 2015-03-31 | 111.97 | 91.17 | 32.73 |
| 2014-12-31 | 111.97 | 91.17 | 32.73 |
| 2014-09-30 | 110.50 | 99.10 | 19.40 |
| 2013-12-31 | 92.35 | 97.64 | 35.92 |
| 2012-12-31 | 78.98 | 109.00 | 26.19 |
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's level of debt (180.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (99.7% vs 180.5% today).
- Debt is not well covered by operating cash flow (8.2%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
Financial health checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
FILA Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
F.I.L.A. - Fabbrica Italiana Lapis ed Affini
shares you are expected to receive
€12
in your first year as a dividend.
Dividend Amount
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.1%).
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini's dividend is below the markets top 25% of dividend payers in Italy (4.44%).
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.
| 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 5 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% |
| Italy Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| Italy Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Italy Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.10 | 3.00 |
| 2020-12-31 | 0.12 | 5.00 |
| 2019-12-31 | 0.11 | 5.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-20 | 0.080 | 0.607 |
| 2018-03-21 | 0.090 | 0.560 |
| 2017-03-21 | 0.090 | 0.480 |
| 2016-03-31 | 0.090 | 0.695 |
| 2016-03-22 | 0.090 | 0.825 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is not paying a notable dividend for Italy, therefore no need to check if the payments are stable.
- F.I.L.A. - Fabbrica Italiana Lapis ed Affini is not paying a notable dividend for Italy, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can F.I.L.A. - Fabbrica Italiana Lapis ed Affini afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) F.I.L.A. - Fabbrica Italiana Lapis ed Affini has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FILA Management
CEO
| COMPENSATION | €1,438,000 |
| AGE | 54 |
CEO Bio
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 Co. Dr. Candela served as Vice Chairman at Dixon Ticonderoga Co. since March 31, 2005 and has been its Director since March 31, 2005.
CEO Compensation
- Massimo's compensation has been consistent with company performance over the past year, both up more than 20%.
- Massimo's remuneration is higher than average for companies of similar size in Italy.
Management Team
Massimo Candela
CEO & Director
€1M
54
Luca Pelosin
Executive Director
€464K
53
Danny Lieberman
Senior Vice President of Global Apparel
Board of Directors Tenure
Average tenure and age of the F.I.L.A. - Fabbrica Italiana Lapis ed Affini board of directors in years:
- The tenure for the F.I.L.A. - Fabbrica Italiana Lapis ed Affini board of directors is about average.
Board of Directors
Gianni Mion
Chairman
€103K
76
Massimo Candela
CEO & Director
€1M
54
4.1 yrs
Alberto Candela
Honorary Chairman
€163K
Luca Pelosin
Executive Director
€464K
53
4.1 yrs
Gerolamo Dominioni
Lead Independent Director
€46K
64
3.8 yrs
Francesca Prandstraller
Independent Director
€26K
57
5 yrs
Gianfranco Consorti
Chairman of the Board of Statutory Auditors
69
1.3 yrs
Annalisa Barbera
Non-Executive Director
€21K
50
4 yrs
Filippo Zabban
Independent Director
€14K
62
1.2 yrs
Paola Bonini
Independent Director
€18K
52
1.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess F.I.L.A. - Fabbrica Italiana Lapis ed Affini's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) F.I.L.A. - Fabbrica Italiana Lapis ed Affini 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.
FILA News
Simply Wall St News
Based On Its ROE, Is F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. (BIT:FILA) A High Quality Stock?
- Fabbrica Italiana Lapis ed Affini: 2.0% = €5.0m ÷ €344m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … - Fabbrica Italiana Lapis ed Affini Have A Good Return On Equity? … - Fabbrica Italiana Lapis ed Affini's Debt And Its 2.0% ROE F.I.L.A.
Simply Wall St - – Full articleEstimating The Fair Value Of F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. (BIT:FILA)
We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €45.00 €55.03 €63.90 €71.14 €77.40 €82.85 €87.67 €92.01 €96.01 €99.77 Growth Rate Estimate Source Analyst x1 Analyst x3 Analyst x3 Est @ 11.32% Est @ 8.81% Est @ 7.05% Est @ 5.81% Est @ 4.95% Est @ 4.34% Est @ 3.92% Present Value (€, Millions) Discounted @ 13.24% €39.74 €42.92 €44.00 €43.26 €41.56 €39.29 €36.71 €34.02 €31.35 €28.77 Present Value of 10-year Cash Flow (PVCF)= €381.63m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 13.2%.
Simply Wall St - – Full articleDid Changing Sentiment Drive F.I.L.A. - Fabbrica Italiana Lapis ed Affini's (BIT:FILA) Share Price Down By 32%?
- Fabbrica Italiana Lapis ed Affini To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … - Fabbrica Italiana Lapis ed Affini reported an EPS drop of 47% for the last year. … - Fabbrica Italiana Lapis ed Affini shareholders are down 29% for the year (even including dividends), falling short of the market return.
Simply Wall St - – Full articleShould We Worry About F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.'s (BIT:FILA) P/E Ratio?
- Fabbrica Italiana Lapis ed Affini S.p.A.'s (BIT:FILA), to help you decide if the stock is worth further research. … - Fabbrica Italiana Lapis ed Affini has a P/E ratio of 62.33. … - Fabbrica Italiana Lapis ed Affini?
Simply Wall St - – Full articleF.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. (BIT:FILA) Earns Among The Best Returns In Its Industry
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed.
Simply Wall St - – Full articleF.I.L.A. - Fabbrica Italiana Lapis ed Affini Shareholders Have Enjoyed A 36% Share Price Gain
- Fabbrica Italiana Lapis ed Affini S.p.A. … - Fabbrica Italiana Lapis ed Affini made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … - Fabbrica Italiana Lapis ed Affini saw its revenue grow at 23% per year.
Simply Wall St - – Full articleDo Insiders Own Shares In F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. (BIT:FILA)?
- Fabbrica Italiana Lapis ed Affini S.p.A. … - Fabbrica Italiana Lapis ed Affini isn't enormous, but it's not particularly small either. … - Fabbrica Italiana Lapis ed Affini
Simply Wall St - – Full articleShould You Be Worried About F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A.'s (BIT:FILA) 1.8% Return On Equity?
- Fabbrica Italiana Lapis ed Affini S.p.A. … - Fabbrica Italiana Lapis ed Affini has a return on equity of 1.8% for the last year. … - Fabbrica Italiana Lapis ed Affini?
Simply Wall St - – Full articleWhat Do You Get For Owning FILA - Fabbrica Italiana Lapis ed Affini SpA (BIT:FILA)?
and want to better understand how you can grow your money by investing in FILA - Fabbrica Italiana Lapis ed Affini SpA (BIT:FILA). … - Fabbrica Italiana Lapis ed Affini, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … - Fabbrica Italiana Lapis ed Affini's Return On Capital Employed
Simply Wall St - – Full articleHere's What FILA - Fabbrica Italiana Lapis ed Affini SpA's (BIT:FILA) P/E Is Telling Us
We'll show how you can use FILA - Fabbrica Italiana Lapis ed Affini SpA's (BIT:FILA) P/E ratio to inform your assessment of the investment opportunity. … - Fabbrica Italiana Lapis ed Affini has a price to earnings ratio of 91.52, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleFILA Company Info
Description
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.
Details
| Name: | F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. |
| FILA | |
| Exchange: | BIT |
| Founded: | 1920 |
| €699,017,481 | |
| 50,948,796 | |
| Website: | http://www.fila.it |
| Address: |
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. Via XXV Aprile 5, Pero, Milan, 20016, Italy |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BIT | FILA | Common Stock | Borsa Italiana | IT | EUR | 30. Jun 2014 | |
| DB | 3S0 | Common Stock | Deutsche Boerse AG | DE | EUR | 30. Jun 2014 | |
| LSE | 0QIQ | Common Stock | London Stock Exchange | GB | EUR | 30. Jun 2014 | |
| BATS-CHIXE | FILAM | Common Stock | BATS 'Chi-X Europe' | GB | EUR | 30. Jun 2014 |
Number of employees
Current staff
Industry
| Office Services and Supplies | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/19 22:04 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/19 |
| Last earnings filing: | 2019/05/20 |
| Last earnings reported: | 2019/03/31 |
| 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.
