BIT:CLF

Stock Analysis Report

Executive Summary

Caleffi S.p.A. manufactures and sells household linen products under the Caleffi brand name in Italy and internationally.

Rewards

Trading at 35.5% below its fair value

Risk Analysis

Earnings have declined by -2.77% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (€19M)



Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.8%

CLF

4.1%

IT Luxury

0.5%

IT Market


1 Year Return

-12.4%

CLF

22.6%

IT Luxury

18.3%

IT Market

Return vs Industry: CLF underperformed the Italian Luxury industry which returned 22.6% over the past year.

Return vs Market: CLF underperformed the Italian Market which returned 18.3% over the past year.


Shareholder returns

CLFIndustryMarket
7 Day-0.8%4.1%0.5%
30 Day-1.6%8.0%-0.7%
90 Day-8.9%9.2%4.4%
1 Year-12.4%-12.4%24.3%22.6%23.6%18.3%
3 Year-0.04%-1.5%35.7%23.2%27.6%8.7%
5 Year-7.2%-8.9%57.9%35.6%32.3%-14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLF (€1.24) is trading below our estimate of fair value (€1.91)

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


Price To Earnings Ratio

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

PE vs Market: CLF 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 CLF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLF is good value based on its PB Ratio (1.5x) compared to the IT Luxury industry average (1.5x).


Next Steps

Future Growth

How is Caleffi forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CLF's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if CLF's earnings are forecast to grow faster than the Italian market

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

Revenue vs Market: CLF's revenue (1.2% per year) is forecast to grow slower than the Italian market (3.1% per year).

High Growth Revenue: CLF's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLF's Return on Equity is forecast to be low in 3 years time (5.8%).


Next Steps

Past Performance

How has Caleffi performed over the past 5 years?

-2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLF is currently unprofitable.

Growing Profit Margin: CLF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLF is unprofitable, and losses have increased over the past 5 years at a rate of -2.8% per year.

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

Earnings vs Industry: CLF is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-11.5%).


Return on Equity

High ROE: CLF has a negative Return on Equity (0.14%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Caleffi's financial position?


Financial Position Analysis

Short Term Liabilities: CLF's short term assets (€32.8M) exceed its short term liabilities (€22.7M).

Long Term Liabilities: CLF's short term assets (€32.8M) exceed its long term liabilities (€13.7M).


Debt to Equity History and Analysis

Debt Level: CLF's debt to equity ratio (98%) is considered high.

Reducing Debt: CLF's debt to equity ratio has reduced from 152.4% to 98% over the past 5 years.


Balance Sheet

Inventory Level: CLF has a high level of physical assets or inventory.

Debt Coverage by Assets: CLF's debt is covered by short term assets (assets are 2.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if CLF has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CLF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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

1.08%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%4.3%industryaverage1.4%forecastin3Years1.1%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CLF's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

What is the CEO of Caleffi's salary, the management and board of directors tenure and is there insider trading?

€289k

CEO Compensation


CEO

Guido Ferretti 0

16.9yrs

Tenure

€289,000

Compensation

Mr. Guido Ferretti has been the Chief Executive Officer at Caleffi S.p.A. since 2003 and serves as its Director. 


CEO Compensation Analysis

Compensation vs Market: Guido's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD390.98K).

Compensation vs Earnings: Guido's compensation has increased whilst the company is unprofitable.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Guido Ferretti

    CEO & Director

    • Tenure: 16.9yrs
    • Compensation: €289.00k
  • Roger Corrente

    Director of Sales

    • Tenure: 7.8yrs
  • Giovanni Bozzetti

    Financial Reporting Officer

    • Tenure: 0yrs

Board Members

  • Mauro Girelli

    Chairman of Board of Statutory Auditors and Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €28.00k
  • Renato Camodeca (53yo)

    Statutory Auditor

    • Tenure: 0yrs
    • Compensation: €15.00k
  • Giuliana Caleffi

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: €176.00k
  • Guido Ferretti

    CEO & Director

    • Tenure: 16.9yrs
    • Compensation: €289.00k
  • Rita Federici Caleffi

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: €160.00k
  • Mario Boselli

    Independent Director

    • Tenure: 0yrs
    • Compensation: €42.00k
  • Roberto Ravazzoni

    Independent Director

    • Tenure: 0yrs
    • Compensation: €27.00k
  • Raffaello Favagrossa

    Director

    • Tenure: 0yrs
    • Compensation: €13.00k
  • Luciana Ravicini

    Statutory Auditor

    • Tenure: 0yrs
    • Compensation: €10.00k

Company Information

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


Key Information

  • Name: Caleffi S.p.A.
  • Ticker: CLF
  • Exchange: BIT
  • Founded: 1967
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: €18.773m
  • Shares outstanding: 15.20m
  • Website: https://www.caleffionline.it

Location

  • Caleffi S.p.A.
  • Via Belfiore, 24
  • Viadana
  • Mantova
  • 46019
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLFBIT (Borsa Italiana)YesOrdinary SharesITEURNov 2005
0N7WLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2005
CLFMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2005

Biography

Caleffi S.p.A. manufactures and sells household linen products under the Caleffi brand name in Italy and internationally. The company offers quilts, bedspreads, quilts with bumpers, sheets and duvet covers ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 20:55
End of Day Share Price2019/12/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.