BIT:CSP

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CSP International Fashion Group

Executive Summary

CSP International Fashion Group S.p.A. produces and sells women’s hosiery and underwear in Italy, France, and internationally.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has CSP International Fashion Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

3.3%

CSP

0.4%

IT Luxury

2.9%

IT Market


1 Year Return

-29.5%

CSP

-22.1%

IT Luxury

-10.7%

IT Market

Return vs Industry: CSP underperformed the Italian Luxury industry which returned -23.5% over the past year.

Return vs Market: CSP underperformed the Italian Market which returned -10.8% over the past year.


Shareholder returns

CSPIndustryMarket
7 Day3.3%0.4%2.9%
30 Day3.8%-8.4%-1.1%
90 Day22.1%3.2%14.2%
1 Year-29.5%-29.5%-22.1%-22.1%-8.4%-10.7%
3 Year-62.1%-63.7%-10.0%-15.6%-1.7%-10.5%
5 Year-65.2%-69.0%-12.9%-23.5%-4.0%-35.1%

Price Volatility Vs. Market

How volatile is CSP International Fashion Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CSP International Fashion Group undervalued compared to its fair value and its price relative to the market?

0.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CSP (€0.44) is trading above our estimate of fair value (€0)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CSP is good value based on its PB Ratio (0.3x) compared to the IT Luxury industry average (1.1x).


Next Steps

Future Growth

How is CSP International Fashion Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.5%

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 CSP International Fashion Group 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 CSP International Fashion Group performed over the past 5 years?

-74.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSP is currently unprofitable.

Growing Profit Margin: CSP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CSP is unprofitable, and losses have increased over the past 5 years at a rate of -74.4% per year.

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

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


Return on Equity

High ROE: CSP has a negative Return on Equity (-6.36%), as it is currently unprofitable.


Next Steps

Financial Health

How is CSP International Fashion Group's financial position?


Financial Position Analysis

Short Term Liabilities: CSP's short term assets (€81.5M) exceed its short term liabilities (€44.9M).

Long Term Liabilities: CSP's short term assets (€81.5M) exceed its long term liabilities (€19.3M).


Debt to Equity History and Analysis

Debt Level: CSP's debt to equity ratio (29.5%) is considered satisfactory.

Reducing Debt: CSP's debt to equity ratio has increased from 20.1% to 29.5% over the past 5 years.


Balance Sheet


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: CSP has sufficient cash runway for more than 3 years based on its current free cash flow.

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


Next Steps

Dividend

What is CSP International Fashion Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CSP'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 CSP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

2.5yrs

Average board tenure


CEO

Maria Bertoni

no data

Tenure

€268,000

Compensation

Ms. Maria Grazia Bertoni serves as Chairman of the Board and Chief Executive Officer/Managing Director of CSP International Fashion Group S.p.A. and served as its Vice Chairman of the Board. Ms. Bertoni se ...


CEO Compensation Analysis

Compensation vs Market: Maria's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD473.64K).

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


Board Members

NamePositionTenureCompensationOwnership
Maria Bertoni
Chairman & MDno data€268.00k25.47% 3.6m
Francesco Bertoni
MD & Directorno data€321.00k16.58% 2.3m
Carlo Bertoni
MD & Director20.25yrs€44.00k2.79% 393.7k
Marco Montesano
Statutory Auditorno data€22.00kno data
Giorgio Bardini
Directorno data€50.00k0.32% 44.8k
Guido Tescaroli
Chairman of Board of Statutory Auditors2.5yrs€18.00kno data
Rossella Gualtierotti
Independent Directorno datano datano data
Camilla Tantini
Statutory Auditor2.5yrsno datano data
Stefano Sartori
Independent Director1.5yrsno datano data

2.5yrs

Average Tenure

Experienced Board: CSP's board of directors are not considered experienced ( 2.5 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

CSP International Fashion Group S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CSP International Fashion Group S.p.A.
  • Ticker: CSP
  • Exchange: BIT
  • Founded: 1973
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €14.097m
  • Shares outstanding: 32.26m
  • Website: https://cspinternational.it/en

Location

  • CSP International Fashion Group S.p.A.
  • Via Piubega, 5C
  • Ceresara
  • Mantova
  • 46040
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSPBIT (Borsa Italiana)YesOrdinary SharesITEURJul 1997
0IHTLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1997
CSPMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1997

Biography

CSP International Fashion Group S.p.A. produces and sells women’s hosiery and underwear in Italy, France, and internationally. It offers tights, stockings, corsetry, lingerie, beachwear and bath suits, and bodywear for women, as well as underwear for men. The company provides its products under the Oroblù, Liberti, Luna di Seta, Le Bourget, Lepel, Sanpellegrino, Well, Perofil, Cagi, and Bikkembergs brands. It sells its products through agents, merchandisers, promoters, and distributors, as well as through its stores. CSP International Fashion Group S.p.A. was founded in 1973 and is based in Ceresara, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 20:55
End of Day Share Price2020/07/07 00:00
Earnings2019/12/31
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.