BIT:ECNL

Stock Analysis Report

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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. More Details


Snowflake Analysis

Reasonable growth potential and overvalued.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.8%

ECNL

2.6%

IT Luxury

-0.5%

IT Market


1 Year Return

-50.8%

ECNL

-8.7%

IT Luxury

-16.1%

IT Market

Return vs Industry: ECNL underperformed the Italian Luxury industry which returned -5.1% over the past year.

Return vs Market: ECNL underperformed the Italian Market which returned -16.6% over the past year.


Shareholder returns

ECNLIndustryMarket
7 Day-3.8%2.6%-0.5%
30 Day-1.3%6.4%-0.06%
90 Day-7.6%10.4%-4.1%
1 Year-50.8%-50.8%-8.7%-8.7%-14.0%-16.1%
3 Yearn/a-9.4%-14.2%-13.1%-21.1%
5 Yearn/a-1.0%-12.8%-7.7%-28.8%

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

Valuation

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

10.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ECNL (€3.46) is trading below our estimate of fair value (€3.87)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ECNL is overvalued based on its PB Ratio (1.3x) compared to the IT Luxury industry average (1x).


Next Steps

Future Growth

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

110.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ECNL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: ECNL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ECNL's is expected to become profitable in the next 3 years.

Revenue vs Market: ECNL's revenue (8.4% per year) is forecast to grow faster than the Italian market (3.3% per year).

High Growth Revenue: ECNL's revenue (8.4% 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 (11.1%).


Next Steps

  • Explore growth companies in the Consumer Durables industry.

Past Performance

How has Aquafil performed over the past 5 years?

-15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ECNL is currently unprofitable.

Growing Profit Margin: ECNL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ECNL is unprofitable, and losses have increased over the past 5 years at a rate of 15.1% per year.

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

Earnings vs Industry: ECNL is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-38.8%).


Return on Equity

High ROE: ECNL has a negative Return on Equity (-2.62%), as it is currently unprofitable.


Next Steps

Financial Health

How is Aquafil's financial position?


Financial Position Analysis

Short Term Liabilities: ECNL's short term assets (€339.5M) exceed its short term liabilities (€123.3M).

Long Term Liabilities: ECNL's short term assets (€339.5M) do not cover its long term liabilities (€371.7M).


Debt to Equity History and Analysis

Debt Level: ECNL's debt to equity ratio (252.2%) is considered high.

Reducing Debt: ECNL's debt to equity ratio has increased from 218.2% to 252.2% over the past 5 years.

Debt Coverage: ECNL's debt is not well covered by operating cash flow (16.3%).

Interest Coverage: ECNL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Aquafil current dividend yield, its reliability and sustainability?

2.19%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

3.3yrs

Average board tenure


CEO

Giulio Bonazzi (57 yo)

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 ($USD1.60M) is above average for companies of similar size in the Italian market ($USD530.78K).

Compensation vs Earnings: Giulio's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Giulio Bonazzi
Chairmanno data€1.35mno data
Adriano Vivaldi
CFO & Executive Director3.25yrs€421.76kno data
Fabrizio Calenti
GM & Executive Director3.25yrs€428.59kno data
Franco Rossi
Executive Director3.25yrs€322.86kno data
Simona Heidempergher
Lead Independent Directorno data€65.00kno data
Francesco Profumo
Independent Director3.25yrs€65.00kno data
Stefano Longostrevi
Chairman of Board of Statutory Auditors2.75yrs€418.75kno data
Ilaria Maria Riva
Independent Director0.33yrno datano data
Margherita Elena Zambon
Independent Director3.25yrs€50.00kno data
Silvana Bonazzi
Non-Executive Director3.25yrs€40.00kno data
Fabio Buttignon
Statutory Auditor2.75yrsno datano data
Bettina Solimando
Statutory Auditor2.75yrsno datano data

3.3yrs

Average Tenure

58yo

Average Age

Experienced Board: ECNL's board of directors are considered experienced (3.3 years average tenure).


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

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: €176.685m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ECNLBIT (Borsa Italiana)YesOrdinary SharesITEURDec 2017
0ROHLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 2017
ECNLMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 2017
6W7DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 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 text ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 21:18
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.