BIT:AEF

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Executive Summary

Aeffe S.p.A., together with its subsidiaries, designs, produces, and distributes fashion and luxury goods in Italy, rest of Europe, the United States, Asia, and Internationally.


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AEF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.4%

AEF

10.9%

IT Luxury

9.3%

IT Market


1 Year Return

-47.8%

AEF

-9.5%

IT Luxury

-4.5%

IT Market

Return vs Industry: AEF underperformed the Italian Luxury industry which returned -11.6% over the past year.

Return vs Market: AEF underperformed the Italian Market which returned -6% over the past year.


Shareholder returns

AEFIndustryMarket
7 Day9.4%10.9%9.3%
30 Day0.2%13.6%15.4%
90 Day-13.0%5.5%-2.7%
1 Year-47.8%-47.8%-9.5%-9.5%-2.1%-4.5%
3 Year-43.4%-43.4%-4.7%-10.8%-1.4%-10.3%
5 Year-48.4%-48.4%-5.8%-17.2%-5.2%-37.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AEF (€1.01) is trading below our estimate of fair value (€2.65)

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


Price To Earnings Ratio

PE vs Industry: AEF is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: AEF is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AEF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AEF is good value based on its PB Ratio (0.6x) compared to the IT Luxury industry average (1.1x).


Next Steps

Future Growth

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

97.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEF is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AEF is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AEF is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AEF's revenue (3.8% per year) is forecast to grow slower than the Italian market (4% per year).

High Growth Revenue: AEF's revenue (3.8% 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 AEF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Aeffe performed over the past 5 years?

29.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AEF is currently unprofitable.

Growing Profit Margin: AEF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AEF is unprofitable, but has reduced losses over the past 5 years at a rate of 29.2% per year.

Accelerating Growth: Unable to compare AEF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AEF is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (5.8%).


Return on Equity

High ROE: AEF has a negative Return on Equity (-0.67%), as it is currently unprofitable.


Next Steps

Financial Health

How is Aeffe's financial position?


Financial Position Analysis

Short Term Liabilities: AEF's short term assets (€227.4M) exceed its short term liabilities (€165.0M).

Long Term Liabilities: AEF's short term assets (€227.4M) exceed its long term liabilities (€125.7M).


Debt to Equity History and Analysis

Debt Level: AEF's debt to equity ratio (38.6%) is considered satisfactory.

Reducing Debt: AEF's debt to equity ratio has reduced from 69.3% to 38.6% over the past 5 years.

Debt Coverage: AEF's debt is not well covered by operating cash flow (6.5%).

Interest Coverage: AEF is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AEF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AEF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AEF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AEF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AEF is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AEF'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?

0.2yrs

Average board tenure


CEO

Simone Badioli (50yo)

no data

Tenure

€417,000

Compensation

Mr. Simone Badioli has been Chief Executive Officer of Aeffe S.p.A. since 2004 and serves as its Executive Director. Mr. Badioli serves as the President of Pollini. He served as Trader in fashion and real  ...


CEO Compensation Analysis

Compensation vs Market: Simone's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD372.06K).

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


Board Members

NamePositionTenureCompensationOwnership
Simone Badioli
CEO & Executive Directorno data€417.00kno data
Alberta Ferretti
Deputy Chairmanno data€562.00kno data
Marcello Tassinari
MD & Executive Director13.42yrs€438.00kno data
Roberto Lugano
Independent Non-Executive Directorno data€30.00kno data
Massimo Ferretti
Chairman of the Boardno data€867.00kno data
Michela Zeme
Independent Director0.17yrno datano data
Michelle Stein
Chairman of Aeffe Usano data€323.00kno data
Bettina Campedelli
Independent Directorno datano datano data
Daniela Saitta
Independent Directorno data€10.00kno data
Stefano Morri
Chairman of the Board of Statutory Auditors0.17yrno datano data

0.2yrs

Average Tenure

57yo

Average Age

Experienced Board: AEF's board of directors are not considered experienced ( 0.2 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: 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

Aeffe S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aeffe S.p.A.
  • Ticker: AEF
  • Exchange: BIT
  • Founded: 1972
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €105.595m
  • Shares outstanding: 101.14m
  • Website: https://aeffe.com

Number of Employees


Location

  • Aeffe S.p.A.
  • Via Delle Querce, 51
  • San Giovanni in Marignano
  • Rimini
  • 47842
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AEFBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2007
3A1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2007
0GY8LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2007
AEFMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2007

Biography

Aeffe S.p.A., together with its subsidiaries, designs, produces, and distributes fashion and luxury goods in Italy, rest of Europe, the United States, Asia, and Internationally. It operates in two segments, Prêt-a-Porter, and Footwear and Leather Goods. The Prêt-a-Porter segment designs, produces, and distributes luxury prêt-a-porter garments and lingerie, beachwear, loungewear, underwear, and swimwear for men and women under its own-label brands, which include Alberta Ferretti, Philosophy, Moschino, Boutique Moschino, and Love Moschino, as well as brands licensed from other companies, such as Blugirl Folies, Cedric Charlier, and Jeremy Scott. This segment distributes its products through retail and wholesale channels. The Footwear and Leather Goods segment designs, produces, and distributes footwear, small leather goods, bags, and matching accessories under the Pollini brand. This segment also grants licenses to other companies to manufacture Pollini branded products comprising umbrellas, scarves, and ties. The company also licenses the production and distribution of other accessories and products, including perfumes, junior and children’s lines, watches, sunglasses, and other products. Aeffe S.p.A. was founded in 1972 and is headquartered in San Giovanni in Marignano, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 22:03
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
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.