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OJM

Openjobmetis BIT:OJM Stock Report

Last Price

€8.86

Market Cap

€118.6m

7D

-0.4%

1Y

-11.8%

Updated

24 Jun, 2022

Data

Company Financials +
OJM fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

OJM Stock Overview

Openjobmetis S.p.A. operates as an employment agency in Italy.

Openjobmetis Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Openjobmetis
Historical stock prices
Current Share Price€8.86
52 Week High€13.70
52 Week Low€8.12
Beta1.86
1 Month Change-4.63%
3 Month Change-25.23%
1 Year Change-11.84%
3 Year Change23.06%
5 Year Change-15.78%
Change since IPO29.91%

Recent News & Updates

Shareholder Returns

OJMIT Professional ServicesIT Market
7D-0.4%2.1%1.1%
1Y-11.8%-26.0%-15.6%

Return vs Industry: OJM exceeded the Italian Professional Services industry which returned -26.5% over the past year.

Return vs Market: OJM exceeded the Italian Market which returned -17.2% over the past year.

Price Volatility

Is OJM's price volatile compared to industry and market?
OJM volatility
OJM Average Weekly Movement4.9%
Professional Services Industry Average Movement5.9%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.1%
10% least volatile stocks in IT Market3.3%

Stable Share Price: OJM is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: OJM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011765Rosario Rasizzahttps://www.openjobmetis.it

Openjobmetis S.p.A. operates as an employment agency in Italy. It offers temporary or permanent placement, staff leasing, personnel recruitment and selection, training, and outplacement services, as well as manages employment relationship from the bureaucratic-administrative aspects to training. The company also provides digital head-hunting services; support services for parent with payroll management tasks and training activities; and family assistants for elderly and non-self-sufficient.

Openjobmetis Fundamentals Summary

How do Openjobmetis's earnings and revenue compare to its market cap?
OJM fundamental statistics
Market Cap€118.59m
Earnings (TTM)€12.12m
Revenue (TTM)€761.52m

9.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OJM income statement (TTM)
Revenue€761.52m
Cost of Revenue€744.45m
Gross Profit€17.07m
Other Expenses€4.96m
Earnings€12.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 03, 2022

Earnings per share (EPS)0.91
Gross Margin2.24%
Net Profit Margin1.59%
Debt/Equity Ratio23.0%

How did OJM perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

35%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OJM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OJM?

Other financial metrics that can be useful for relative valuation.

OJM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA7.7x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does OJM's PE Ratio compare to its peers?

OJM PE Ratio vs Peers
The above table shows the PE ratio for OJM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.2x

Price-To-Earnings vs Peers: OJM is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (16.2x).


Price to Earnings Ratio vs Industry

How does OJM's PE Ratio compare vs other companies in the Professional Services Industry?

Price-To-Earnings vs Industry: OJM is good value based on its Price-To-Earnings Ratio (9.8x) compared to the Italian Professional Services industry average (20.1x)


Price to Earnings Ratio vs Fair Ratio

What is OJM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OJM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.8x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: OJM is good value based on its Price-To-Earnings Ratio (9.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).


Share Price vs Fair Value

What is the Fair Price of OJM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OJM (€8.86) is trading below our estimate of fair value (€24.69)

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


Price to Earnings Growth Ratio

PEG Ratio: OJM is good value based on its PEG Ratio (0.7x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OJM's forecast earnings growth (13.2% per year) is above the savings rate (1.7%).

Earnings vs Market: OJM's earnings (13.2% per year) are forecast to grow faster than the Italian market (10.2% per year).

High Growth Earnings: OJM's earnings are forecast to grow, but not significantly.

Revenue vs Market: OJM's revenue (2.7% per year) is forecast to grow faster than the Italian market (0.3% per year).

High Growth Revenue: OJM's revenue (2.7% 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 OJM's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Openjobmetis performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OJM has high quality earnings.

Growing Profit Margin: OJM's current net profit margins (1.6%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: OJM's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: OJM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OJM had negative earnings growth (-49.6%) over the past year, making it difficult to compare to the Professional Services industry average (31.2%).


Return on Equity

High ROE: OJM's Return on Equity (8.9%) is considered low.


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Financial Health

How is Openjobmetis's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OJM's short term assets (€168.8M) exceed its short term liabilities (€155.4M).

Long Term Liabilities: OJM's short term assets (€168.8M) exceed its long term liabilities (€19.9M).


Debt to Equity History and Analysis

Debt Level: OJM's net debt to equity ratio (15.5%) is considered satisfactory.

Reducing Debt: OJM's debt to equity ratio has reduced from 54.7% to 23% over the past 5 years.

Debt Coverage: OJM's debt is well covered by operating cash flow (60.9%).

Interest Coverage: OJM's interest payments on its debt are well covered by EBIT (29x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.50%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OJM's dividend (3.5%) is higher than the bottom 25% of dividend payers in the Italian market (1.73%).

High Dividend: OJM's dividend (3.5%) is low compared to the top 25% of dividend payers in the Italian market (5.3%).


Stability and Growth of Payments

Stable Dividend: OJM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: OJM's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.8%), OJM's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (24.1%), OJM's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average board tenure


CEO

Rosario Rasizza (53 yo)

no data

Tenure

€1,111,152

Compensation

Dott. Rosario Rasizza serves as Board Member at Green Arrow Capital SGR since 2019. Rosario Rasizza serves as the Chief Executive Officer at Openjobmetis S.p.A. since November 2020. He serves as Managing...


CEO Compensation Analysis

Compensation vs Market: Rosario's total compensation ($USD1.17M) is above average for companies of similar size in the Italian market ($USD315.42K).

Compensation vs Earnings: Rosario's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: OJM's board of directors are not considered experienced ( 1.4 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: OJM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Openjobmetis S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Openjobmetis S.p.A.
  • Ticker: OJM
  • Exchange: BIT
  • Founded: 2011
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: €118.587m
  • Shares outstanding: 13.38m
  • Website: https://www.openjobmetis.it

Number of Employees


Location

  • Openjobmetis S.p.A.
  • Via Marsala 40/C
  • Centro Direzionale Le Torri
  • Gallarate
  • Varese
  • 21013
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.