Aquafil
Market Cap
€197.7m
Last Updated
2020/06/05 11:58 UTC
Data Sources
Company Financials +
Executive Summary
Aquafil S.p.A., together with its subsidiaries, produces and sells polyamide 6 fibers and polymers in Europe, the United States, and Asia.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Aquafil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ECNL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
28.8%
ECNL
10.9%
IT Luxury
9.3%
IT Market
1 Year Return
-53.6%
ECNL
-9.5%
IT Luxury
-4.5%
IT Market
Return vs Industry: ECNL underperformed the Italian Luxury industry which returned -11.6% over the past year.
Return vs Market: ECNL underperformed the Italian Market which returned -6% over the past year.
Shareholder returns
| ECNL | Industry | Market | |
|---|---|---|---|
| 7 Day | 28.8% | 10.9% | 9.3% |
| 30 Day | 16.2% | 13.6% | 15.4% |
| 90 Day | -8.0% | 5.5% | -2.7% |
| 1 Year | -53.6%-53.6% | -9.5%-9.5% | -2.1%-4.5% |
| 3 Year | n/a | -4.7%-10.8% | -1.4%-10.3% |
| 5 Year | n/a | -5.8%-17.2% | -5.2%-37.8% |
Price Volatility Vs. Market
How volatile is Aquafil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Downgrade: What You Need To Know About The Latest Aquafil S.p.A. (BIT:ECNL) Forecasts4 weeks ago | Simply Wall St
Is Aquafil S.p.A.'s (BIT:ECNL) 6.3% ROE Worse Than Average?1 month ago | Simply Wall St
At €2.82, Is Aquafil S.p.A. (BIT:ECNL) Worth Looking At Closely?Valuation
Is Aquafil undervalued compared to its fair value and its price relative to the market?
36.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ECNL (€3.87) is trading above our estimate of fair value (€3.06)
Significantly Below Fair Value: ECNL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ECNL is poor value based on its PE Ratio (36.7x) compared to the Luxury industry average (21.5x).
PE vs Market: ECNL is poor value based on its PE Ratio (36.7x) compared to the Italian market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: ECNL is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: ECNL is overvalued based on its PB Ratio (1.4x) compared to the IT Luxury industry average (1.1x).
Next Steps
Future Growth
How is Aquafil forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
62.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ECNL's forecast earnings growth (62% per year) is above the savings rate (2%).
Earnings vs Market: ECNL's earnings (62% per year) are forecast to grow faster than the Italian market (24.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ECNL's revenue (3.2% per year) is forecast to grow slower than the Italian market (4% per year).
High Growth Revenue: ECNL's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ECNL's Return on Equity is forecast to be low in 3 years time (9.8%).
Next Steps
Past Performance
How has Aquafil performed over the past 5 years?
-6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ECNL has a large one-off loss of €11.0M impacting its March 31 2020 financial results.
Growing Profit Margin: ECNL's current net profit margins (1%) are lower than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: ECNL's earnings have declined by -6.2% per year over the past 5 years.
Accelerating Growth: ECNL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ECNL had negative earnings growth (-80.7%) over the past year, making it difficult to compare to the Luxury industry average (5.8%).
Return on Equity
High ROE: ECNL's Return on Equity (3.7%) is considered low.
Next Steps
Financial Health
How is Aquafil's financial position?
Financial Position Analysis
Short Term Liabilities: ECNL's short term assets (€318.9M) exceed its short term liabilities (€134.6M).
Long Term Liabilities: ECNL's short term assets (€318.9M) do not cover its long term liabilities (€341.2M).
Debt to Equity History and Analysis
Debt Level: ECNL's debt to equity ratio (217.4%) is considered high.
Reducing Debt: ECNL's debt to equity ratio has reduced from 229.4% to 217.4% over the past 5 years.
Debt Coverage: ECNL's debt is well covered by operating cash flow (27.2%).
Interest Coverage: ECNL's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Aquafil's current dividend yield, its reliability and sustainability?
6.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ECNL's dividend (6.21%) is higher than the bottom 25% of dividend payers in the Italian market (1.96%).
High Dividend: ECNL's dividend (6.21%) is in the top 25% of dividend payers in the Italian market (4.96%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ECNL has been paying a dividend for less than 10 years.
Growing Dividend: ECNL has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (227.9%), ECNL's dividend payments are not well 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?
2.9yrs
Average board tenure
CEO
Giulio Bonazzi (56yo)
no data
Tenure
€1,353,000
Compensation
Mr. Giulio Bonazzi serves as the Chairman of the Board, Chief Executive Officer and President of Aquafil S.p.A. In 1987, Mr. Bonazzi started his career, working in the family business. After a year working ...
CEO Compensation Analysis
Compensation vs Market: Giulio's total compensation ($USD1.53M) is above average for companies of similar size in the Italian market ($USD613.21K).
Compensation vs Earnings: Giulio's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | no data | €1.35m | no data | |
| CFO & Executive Director | 2.92yrs | €421.76k | no data | |
| GM & Executive Director | 2.92yrs | €428.59k | no data | |
| Executive Director | 2.92yrs | €322.86k | no data | |
| Lead Independent Director | no data | €65.00k | no data | |
| Independent Director | 2.92yrs | €65.00k | no data | |
| Chairman of Board of Statutory Auditors | 2.42yrs | €418.75k | no data | |
| Non-Executive Director | 2.92yrs | €50.00k | no data | |
| Independent Director | 2.92yrs | €50.00k | no data | |
| Non-Executive Director | 2.92yrs | €40.00k | no data |
2.9yrs
Average Tenure
57yo
Average Age
Experienced Board: ECNL's board of directors are not considered experienced ( 2.9 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Aquafil S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aquafil S.p.A.
- Ticker: ECNL
- Exchange: BIT
- Founded: 1969
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: €197.651m
- Shares outstanding: 51.14m
- Website: https://www.aquafil.com
Number of Employees
Location
- Aquafil S.p.A.
- via Linfano, 9
- Arco
- Trento
- 38062
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ECNL | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Dec 2017 |
| 0ROH | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Dec 2017 |
| ECNLM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 2017 |
Biography
Aquafil S.p.A., together with its subsidiaries, produces and sells polyamide 6 fibers and polymers in Europe, the United States, and Asia. It offers bulk continuous filament or synthetic yarns for the textile flooring sector, as well as used in hotels, airports, offices, etc., as well as residential buildings, and the automotive market; nylon textile filaments for sportswear, classic, and technical or specialist apparels; and polymers products or plastic raw materials primarily for engineering plastics sector for use in molding industry. The company also designs and constructs chemical plants. It markets its products under the Dryarn and ECONYL brands. The company was founded in 1969 and is headquartered in Arco, Italy. Aquafil S.p.A. is a subsidiary of Aquafin Holding S.p.A.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 11:58 |
| End of Day Share Price | 2020/06/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.