BIT:COV

Stock Analysis Report

Executive Summary

COVER 50 S.p.A. engages in the creation, production, and marketing of pants and trousers.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has COVER 50's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

COV

-2.0%

IT Luxury

3.5%

IT Market


1 Year Return

-25.5%

COV

-21.6%

IT Luxury

-22.4%

IT Market

Return vs Industry: COV underperformed the Italian Luxury industry which returned -21.3% over the past year.

Return vs Market: COV underperformed the Italian Market which returned -23.9% over the past year.


Shareholder returns

COVIndustryMarket
7 Day0%-2.0%3.5%
30 Day-11.9%-4.4%-11.8%
90 Day-16.7%-25.9%-26.2%
1 Year-21.8%-25.5%-20.5%-21.6%-19.0%-22.4%
3 Year-8.0%-19.4%-17.2%-23.2%-8.8%-18.0%
5 Yearn/a-19.4%-30.3%-22.6%-40.9%

Price Volatility Vs. Market

How volatile is COVER 50's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is COVER 50 undervalued compared to its fair value and its price relative to the market?

13.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COV (€7.75) is trading below our estimate of fair value (€8.91)

Significantly Below Fair Value: COV is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: COV is good value based on its PE Ratio (9.8x) compared to the Luxury industry average (13.1x).

PE vs Market: COV is good value based on its PE Ratio (9.8x) compared to the Italian market (13x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: COV is overvalued based on its PB Ratio (1.4x) compared to the IT Luxury industry average (1x).


Next Steps

Future Growth

How is COVER 50 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as COVER 50 has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has COVER 50 performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COV has high quality earnings.

Growing Profit Margin: COV's current net profit margins (11.6%) are lower than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: COV's earnings have declined by -5.5% per year over the past 5 years.

Accelerating Growth: COV's earnings growth over the past year (1.9%) exceeds its 5-year average (-5.5% per year).

Earnings vs Industry: COV earnings growth over the past year (1.9%) exceeded the Luxury industry 0.3%.


Return on Equity

High ROE: COV's Return on Equity (14.1%) is considered low.


Next Steps

Financial Health

How is COVER 50's financial position?


Financial Position Analysis

Short Term Liabilities: COV's short term assets (€32.4M) exceed its short term liabilities (€7.1M).

Long Term Liabilities: COV's short term assets (€32.4M) exceed its long term liabilities (€1.6M).


Debt to Equity History and Analysis

Debt Level: COV's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: COV's debt to equity ratio has reduced from 1.6% to 0.1% over the past 5 years.

Debt Coverage: COV's debt is well covered by operating cash flow (10734.4%).

Interest Coverage: COV's interest payments on its debt are well covered by EBIT (134.3x coverage).


Balance Sheet


Next Steps

Dividend

What is COVER 50's current dividend yield, its reliability and sustainability?

6.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COV's dividend (6.45%) is higher than the bottom 25% of dividend payers in the Italian market (2.29%).

High Dividend: COV's dividend (6.45%) is in the top 25% of dividend payers in the Italian market (5.61%)


Stability and Growth of Payments

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

Growing Dividend: COV has only been paying a dividend for 4 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.9%), COV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Pierangelo Fassino

no data

Tenure

Mr. Pierangelo Fassino serves as the Chairman and Chief Executive Officer at Cover 50 S.p.A. Mr. Fassino is an Industry Expert. He has a Diploma of Textile. 


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

COVER 50 S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: COVER 50 S.p.A.
  • Ticker: COV
  • Exchange: BIT
  • Founded: 1968
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €34.100m
  • Shares outstanding: 4.40m
  • Website: https://www.cover50.it

Location

  • COVER 50 S.p.A.
  • Via Torino, 25
  • Pianezza
  • Turin
  • 10044
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COVBIT (Borsa Italiana)YesCommon StockITEURMay 2015

Biography

COVER 50 S.p.A. engages in the creation, production, and marketing of pants and trousers. The company offers men's, women’s, and bermuda pants under the Pantaloni Torino brand name. It also operates stores in approximately 40 countries. The company was founded in 1968 and is based in Pianezza, Italy. COVER 50 S.p.A. is a subsidiary of Fhold SpA. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/08 00:50
End of Day Share Price2020/04/07 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.