BIT:OJM

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Openjobmetis's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OJM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.1%

OJM

13.8%

IT Professional Services

-2.0%

IT Market


1 Year Return

-19.5%

OJM

38.8%

IT Professional Services

-15.4%

IT Market

Return vs Industry: OJM underperformed the Italian Professional Services industry which returned 46.8% over the past year.

Return vs Market: OJM underperformed the Italian Market which returned -14.9% over the past year.


Shareholder returns

OJMIndustryMarket
7 Day-4.1%13.8%-2.0%
30 Day-2.4%14.6%-2.1%
90 Day-5.3%36.1%-6.6%
1 Year-16.2%-19.5%39.4%38.8%-13.2%-15.4%
3 Year-54.6%-57.7%24.3%15.0%-11.5%-19.7%
5 Yearn/a74.9%52.6%-7.5%-28.9%

Price Volatility Vs. Market

How volatile is Openjobmetis's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Openjobmetis undervalued compared to its fair value and its price relative to the market?

9.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OJM (€5.68) is trading above our estimate of fair value (€3.27)

Significantly Below Fair Value: OJM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OJM is good value based on its PE Ratio (9.1x) compared to the XE Professional Services industry average (26x).

PE vs Market: OJM is good value based on its PE Ratio (9.1x) compared to the Italian market (17x).


Price to Earnings Growth Ratio

PEG Ratio: OJM is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: OJM is good value based on its PB Ratio (0.7x) compared to the XE Professional Services industry average (2.2x).


Next Steps

Future Growth

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

31.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OJM's forecast earnings growth (31.2% per year) is above the savings rate (2%).

Earnings vs Market: OJM's earnings (31.2% per year) are forecast to grow faster than the Italian market (23.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OJM's revenue (6.2% per year) is forecast to grow faster than the Italian market (3.6% per year).

High Growth Revenue: OJM's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OJM's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Openjobmetis performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OJM has high quality earnings.

Growing Profit Margin: OJM's current net profit margins (1.5%) are lower than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: OJM's earnings have grown by 11.4% 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 (-25.7%) over the past year, making it difficult to compare to the Professional Services industry average (-24.8%).


Return on Equity

High ROE: OJM's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is Openjobmetis's financial position?


Financial Position Analysis

Short Term Liabilities: OJM's short term assets (€127.6M) exceed its short term liabilities (€95.3M).

Long Term Liabilities: OJM's short term assets (€127.6M) exceed its long term liabilities (€22.5M).


Debt to Equity History and Analysis

Debt Level: OJM's debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: OJM's debt to equity ratio has reduced from 140.6% to 22.1% over the past 5 years.

Debt Coverage: OJM's debt is well covered by operating cash flow (101.7%).

Interest Coverage: OJM's interest payments on its debt are well covered by EBIT (52.2x coverage).


Balance Sheet


Next Steps

Dividend

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

3.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OJM's dividend (3.7%) is higher than the bottom 25% of dividend payers in the Italian market (1.55%).

High Dividend: OJM's dividend (3.7%) is low compared to the top 25% of dividend payers in the Italian market (5.66%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, OJM has been paying a dividend for less than 10 years.

Growing Dividend: OJM has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.7%), OJM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OJM's dividends in 3 years are forecast to be well covered by earnings (23.3% payout ratio).


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Rosario Rasizza (52 yo)

no data

Tenure

€461,000

Compensation

Dott. Rosario Rasizza serves as Board Member at Green Arrow Capital SGR since 2019. Rosario Rasizza serves as the Chief Executive Officer and Managing Director at Openjobmetis S.p.A. In 1997, he started h ...


CEO Compensation Analysis

Compensation vs Market: Rosario's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD422.32K).

Compensation vs Earnings: Rosario's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Rosario Rasizza
MD & Directorno data€461.00kno data
Carlo Gentili
Non Executive Member1.58yrsno datano data
Daniela Toscani
Non-Executive Directorno datano datano data
Alberica Sforza
Independent Directorno data€2.00kno data
Alberto Rosati
Independent Directorno datano datano data
Giovanni Fantasia
Independent Directorno datano datano data
Marco Vittorelli
Chairman9.75yrs€102.00kno data
Biagio Porta
Directorno data€265.00kno data
Corrado Vittorelli
Non-Executive Directorno data€13.00kno data
Roberto Tribuno
Standing Auditor4.83yrsno datano data
Manuela Pagliarello
Standing Auditorno datano datano data
Chiara Segala
Chairman of Board of Statutory Auditorsno datano datano data

4.8yrs

Average Tenure

57yo

Average Age

Experienced Board: OJM's board of directors are considered experienced (4.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Openjobmetis S.p.A.'s company bio, 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
  • Market Cap: €74.395m
  • Shares outstanding: 13.10m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OJMBIT (Borsa Italiana)YesCommon StockITEURDec 2015
3OMDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2015
0RD2LSE (London Stock Exchange)YesCommon StockGBEURDec 2015
OJMMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURDec 2015

Biography

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 a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 22:02
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.