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Caleffi

BIT:CLF
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLF
BIT
€22M
Market Cap
  1. Home
  2. IT
  3. Consumer Durables
Company description

Caleffi S.p.A. manufactures and sells household linen products under the Caleffi brand name in Italy and internationally. The last earnings update was 195 days ago. More info.


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CLF Share Price and Events
7 Day Returns
1.4%
BIT:CLF
-0.6%
IT Luxury
3.1%
IT Market
1 Year Returns
-1%
BIT:CLF
-5.5%
IT Luxury
-5.7%
IT Market
CLF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Caleffi (CLF) 1.4% 3.2% 5.5% -1% 23.5% -9.6%
IT Luxury -0.6% -1.2% 3.9% -5.5% 3.9% 14.9%
IT Market 3.1% 5% 11.7% -5.7% -9.7% -31.6%
1 Year Return vs Industry and Market
  • CLF outperformed the Luxury industry which returned -5.5% over the past year.
  • CLF outperformed the Market in Italy which returned -5.7% over the past year.
Price Volatility
CLF
Industry
5yr Volatility vs Market

CLF Value

 Is Caleffi undervalued based on future cash flows and its price relative to the stock market?

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 Caleffi 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Caleffi.

BIT:CLF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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.

Calculation of Discount Rate/ Cost of Equity for BIT:CLF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 24%) (66.19%))
1.021
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.021 * 9.02%)
12.15%

Discounted Cash Flow Calculation for BIT:CLF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Caleffi 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.

BIT:CLF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.15%)
2019 0.50 Analyst x2 0.45
2020 0.80 Analyst x2 0.64
2021 0.78 Est @ -2.26% 0.55
2022 0.78 Est @ -0.71% 0.49
2023 0.78 Est @ 0.39% 0.44
2024 0.79 Est @ 1.15% 0.40
2025 0.80 Est @ 1.69% 0.36
2026 0.82 Est @ 2.06% 0.33
2027 0.84 Est @ 2.32% 0.30
2028 0.86 Est @ 2.51% 0.27
Present value of next 10 years cash flows €4.22
BIT:CLF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.86 × (1 + 2.93%) ÷ (12.15% – 2.93%)
€9.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €9.59 ÷ (1 + 12.15%)10
€3.05
BIT:CLF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4.22 + €3.05
€7.27
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €7.27 / 15.39
€0.47
BIT:CLF Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.47
Current discount Discount to share price of €1.45
= -1 x (€1.45 - €0.47) / €0.47
-206.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Caleffi is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Caleffi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Caleffi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:CLF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-0.06
BIT:CLF Share Price ** BIT (2019-03-20) in EUR €1.45
Italy Luxury Industry PE Ratio Median Figure of 15 Publicly-Listed Luxury Companies 16.85x
Italy Market PE Ratio Median Figure of 239 Publicly-Listed Companies 16.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Caleffi.

BIT:CLF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:CLF Share Price ÷ EPS (both in EUR)

= 1.45 ÷ -0.06

-22.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Caleffi is loss making, we can't compare its value to the IT Luxury industry average.
  • Caleffi is loss making, we can't compare the value of its earnings to the Italy market.
Price based on expected Growth
Does Caleffi's expected growth come at a high price?
Raw Data
BIT:CLF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -22.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
41.1%per year
Italy Luxury Industry PEG Ratio Median Figure of 9 Publicly-Listed Luxury Companies 2.61x
Italy Market PEG Ratio Median Figure of 159 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Caleffi, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Caleffi's assets?
Raw Data
BIT:CLF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €0.84
BIT:CLF Share Price * BIT (2019-03-20) in EUR €1.45
Italy Luxury Industry PB Ratio Median Figure of 21 Publicly-Listed Luxury Companies 1.86x
Italy Market PB Ratio Median Figure of 312 Publicly-Listed Companies 1.55x
BIT:CLF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:CLF Share Price ÷ Book Value per Share (both in EUR)

= 1.45 ÷ 0.84

1.72x

* Primary Listing of Caleffi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Caleffi is good value based on assets compared to the IT Luxury industry average.
X
Value checks
We assess Caleffi's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Caleffi 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.

CLF Future Performance

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

  • No analysts cover Caleffi, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
41.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Caleffi expected to grow at an attractive rate?
  • Caleffi's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Caleffi's earnings growth is expected to exceed the Italy market average.
  • Caleffi's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:CLF Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:CLF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 41.1%
BIT:CLF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.1%
Italy Luxury Industry Earnings Growth Rate Market Cap Weighted Average 8.9%
Italy Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6%
Italy Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*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
Raw Data
BIT:CLF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:CLF Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 62 2 2
2019-12-31 58 2 2
2018-12-31 52 5 1
BIT:CLF Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 53 0 -1
2018-03-31 55 0 -1
2017-12-31 57 0 0
2017-09-30 58 0
2017-06-30 60 3 0
2017-03-31 60 3 0
2016-12-31 59 2 1
2016-09-30 59 1
2016-06-30 58 0 1
2016-03-31 57 0 1
2015-12-31 56 -1 0
2015-09-30 53 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Caleffi's earnings are expected to grow significantly at over 20% yearly.
  • Caleffi's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:CLF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Caleffi Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:CLF Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
BIT:CLF Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -0.06
2018-03-31 -0.03
2017-12-31 -0.01
2017-09-30 0.01
2017-06-30 0.02
2017-03-31 0.03
2016-12-31 0.03
2016-09-30 0.05
2016-06-30 0.06
2016-03-31 0.04
2015-12-31 0.02
2015-09-30 -0.06

*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.
  • Caleffi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Caleffi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Caleffi 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.

CLF Past Performance

  How has Caleffi performed over the past 5 years?

  • Caleffi's last earnings update was 195 days ago.
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
Below we compare Caleffi's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Caleffi does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Caleffi's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Caleffi's 1-year growth to the IT Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Caleffi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Caleffi Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:CLF Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 52.79 -0.97 13.82
2018-03-31 55.03 -0.53 14.04
2017-12-31 57.26 -0.09 14.27
2017-09-30 58.35 0.12 13.95
2017-06-30 59.81 0.35 13.85
2017-03-31 59.54 0.43 13.71
2016-12-31 59.28 0.50 13.58
2016-09-30 58.81 0.70 13.42
2016-06-30 58.34 0.89 13.26
2016-03-31 56.94 0.59 13.00
2015-12-31 55.55 0.29 12.73
2015-09-30 52.76 -0.80 12.80
2015-06-30 49.98 -1.88 12.86
2015-03-31 51.09 -1.58 12.87
2014-12-31 52.20 -1.27 12.88
2014-09-30 55.75 -0.19 13.14
2014-06-30 59.30 0.90 13.40
2014-03-31 57.80 0.73 12.93
2013-12-31 56.29 0.56 12.46
2013-09-30 54.07 -0.21 12.42
2013-06-30 51.85 -0.97 12.39
2013-03-31 51.31 -1.34 12.61
2012-12-31 50.77 -1.72 12.82
2012-09-30 51.80 -1.34 12.14
2012-06-30 52.83 -0.97 11.47
2012-03-31 54.24 -0.72 11.72

*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.
  • It is difficult to establish if Caleffi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Caleffi has efficiently used its assets last year compared to the IT Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Caleffi improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Caleffi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Caleffi has a total score of 0/6, 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.

CLF Health

 How is Caleffi'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 Caleffi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Caleffi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Caleffi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Caleffi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x 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.
Raw Data

All data from Caleffi Company Filings, last reported 8 months ago.

BIT:CLF Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 13.40 14.72 1.57
2018-03-31 13.40 14.72 1.57
2017-12-31 14.86 17.33 2.56
2017-09-30 14.86 17.33 2.56
2017-06-30 14.33 15.50 2.92
2017-03-31 14.33 15.50 2.92
2016-12-31 14.77 15.22 2.29
2016-09-30 14.77 15.22 2.29
2016-06-30 14.38 14.47 1.04
2016-03-31 14.38 14.47 1.04
2015-12-31 14.42 16.82 3.45
2015-09-30 14.42 16.82 3.45
2015-06-30 10.22 17.41 2.21
2015-03-31 10.22 17.41 2.21
2014-12-31 10.91 16.70 1.93
2014-09-30 10.91 16.70 1.93
2014-06-30 12.17 18.56 0.84
2014-03-31 12.17 18.56 0.84
2013-12-31 12.46 16.61 0.98
2013-09-30 12.46 15.59 1.36
2013-06-30 11.22 16.59 1.19
2013-03-31 11.22 16.59 1.19
2012-12-31 11.06 17.41 1.17
2012-09-30 11.06 17.41 1.17
2012-06-30 12.16 13.28 0.76
2012-03-31 12.16 13.28 0.76
  • Caleffi's level of debt (109.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (147.6% vs 109.9% today).
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.

  • Information is not available.
  • Unable to confirm if Caleffi has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Caleffi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Caleffi has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

CLF Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.38%
Current annual income from Caleffi dividends. Estimated to be 1.38% next year.
If you bought €2,000 of Caleffi shares you are expected to receive €28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Caleffi's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (1.98%).
  • Caleffi's dividend is below the markets top 25% of dividend payers in Italy (4.32%).
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.
Raw Data
BIT:CLF Annualized Past and Future Dividends
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 2 Analyst Estimates (S&P Global) See Below
Italy Luxury Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.8%
Italy Market Average Dividend Yield Market Cap Weighted Average of 176 Stocks 4%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.1%
Italy Bottom 25% Dividend Yield 25th Percentile 2%
Italy Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:CLF Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.02 1.00
2019-12-31 0.02 1.00
2018-12-31 0.00 1.00
BIT:CLF Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-04-11 0.020 1.405
2017-03-22 0.020 1.483
2016-08-29 0.000 0.000
2016-04-07 0.000 0.000
2016-03-23 0.000 0.000
2015-08-28 0.000 0.000
2014-05-02 0.010 0.773
2014-03-19 0.010 0.637
2013-08-29 0.000 0.000
2013-05-14 0.000 0.000
2012-11-14 0.000 0.000
2012-08-29 0.000 0.000
2012-04-05 0.000 0.000
2010-04-13 0.010 0.852
2010-03-26 0.010 0.939
2009-08-28 0.000 0.000
2009-04-14 0.000 0.000
2009-03-23 0.108 11.778

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Caleffi's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Caleffi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Caleffi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Caleffi has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CLF Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Guido Ferretti
COMPENSATION €289,000
TENURE AS CEO 16.2 years
CEO Bio

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

CEO Compensation
  • Guido's compensation has increased whilst company is loss making.
  • Guido's remuneration is higher than average for companies of similar size in Italy.
Management Team

Guido Ferretti

TITLE
CEO & Director
COMPENSATION
€289K
TENURE
16.2 yrs

Giovanni Bozzetti

TITLE
Financial Reporting Officer

Roger Corrente

TITLE
Director of Sales
TENURE
7.1 yrs
Board of Directors

Giuliana Caleffi

TITLE
Chairman of the Board
COMPENSATION
€176K

Guido Ferretti

TITLE
CEO & Director
COMPENSATION
€289K

Rita Federici Caleffi

TITLE
Vice Chairman
COMPENSATION
€160K

Mauro Girelli

TITLE
Chairman of Board of Statutory Auditors and Member of Supervisory Board
COMPENSATION
€28K

Mario Boselli

TITLE
Independent Director
COMPENSATION
€42K

Roberto Ravazzoni

TITLE
Independent Director
COMPENSATION
€27K

Raffaello Favagrossa

TITLE
Director
COMPENSATION
€13K

Renato Camodeca

TITLE
Statutory Auditor
COMPENSATION
€15K
AGE
52

Luciana Ravicini

TITLE
Statutory Auditor
COMPENSATION
€10K
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Caleffi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Caleffi 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.

CLF News

Simply Wall St News

Do Directors Own Caleffi S.p.A. (BIT:CLF) Shares?

(BIT:CLF) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

Simply Wall St -

Why Caleffi S.p.A.'s (BIT:CLF) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … Next, we'll consider growth that the business demonstrates. … How Does Guido Ferretti's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Consider This Before Buying Caleffi S.p.A. (BIT:CLF) For The 1.4% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Caleffi S.p.A. … Let's dig deeper into whether Caleffi should have a place in your portfolio.

Simply Wall St -

What You Must Know About Caleffi S.p.A.'s (BIT:CLF) Financial Strength

(BIT:CLF) with its market cap of €22m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Do Institutions Own Caleffi SpA (BIT:CLF) Shares?

A look at the shareholders of Caleffi SpA (BIT:CLF) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

Simply Wall St -

How Much is Caleffi SpA's (BIT:CLF) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Guido Ferretti's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Caleffi SpA has a market cap of €23m, and is paying total annual CEO compensation of €289k.

Simply Wall St -

What Investors Should Know About Caleffi SpA's (BIT:CLF) Financial Strength

Caleffi SpA (BIT:CLF) is a small-cap stock with a market capitalization of €22.90m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Who Are The Major Shareholders Of Caleffi SpA (BIT:CLF)?

In this article, I will take a quick look at Caleffi SpA’s (BIT:CLF) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Should You Sell Caleffi Sp.A. (BIT:CLF) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CLF Price per share = €1.47 Earnings per share = €0.024 ∴ Price-Earnings Ratio = €1.47 ÷ €0.024 = 60.7x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … We preferably want to compare the stock’s P/E ratio to the average of companies that have similar features to CLF, such as capital structure and profitability. … CLF’s P/E of 60.7x is higher than its industry peers (27.9x), which implies that each dollar of CLF’s earnings is being overvalued by investors.

Simply Wall St -

How Financially Strong Is Caleffi Sp.A. (BIT:CLF)?

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: CLF’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

CLF Company Info

Description

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, bedspread sheets, bed clothes, cushions, bathrobes, towels, furnishings, pillows, and cushion and sofa covers, as well as other accessories for bed, terry collections, and table and kitchen collections. Caleffi S.p.A. was founded in 1967 and is based in Viadana, Italy.

Details
Name: Caleffi S.p.A.
CLF
Exchange: BIT
Founded: 1967
€22,242,892
15,393,005
Website: http://www.caleffionline.it
Address: Caleffi S.p.A.
Via Belfiore, 24,
Viadana,
Mantova, 46019,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT CLF Ordinary Shares Borsa Italiana IT EUR 09. Nov 2005
LSE 0N7W Ordinary Shares London Stock Exchange GB EUR 09. Nov 2005
BATS-CHIXE CLFM Ordinary Shares BATS 'Chi-X Europe' GB EUR 09. Nov 2005
Number of employees
Current staff
Staff numbers
0
Caleffi employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:55
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2018/12/19
Last earnings filing: 2018/09/06
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.