BIT:ELC

Stock Analysis Report

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Executive Summary

Elica S.p.A. designs, manufactures, and sells motors for cooker hoods and central heating boilers in Europe and CIS countries, America, and internationally. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

12.0%

ELC

-2.6%

IT Consumer Durables

-0.7%

IT Market


1 Year Return

22.6%

ELC

54.6%

IT Consumer Durables

-15.0%

IT Market

Return vs Industry: ELC underperformed the Italian Consumer Durables industry which returned 55.6% over the past year.

Return vs Market: ELC exceeded the Italian Market which returned -15.4% over the past year.


Shareholder returns

ELCIndustryMarket
7 Day12.0%-2.6%-0.7%
30 Day13.3%0.7%-1.6%
90 Day6.2%19.5%-5.5%
1 Year22.6%22.6%54.7%54.6%-12.8%-15.0%
3 Year6.3%6.3%7.6%1.4%-11.6%-19.8%
5 Year55.2%54.4%53.0%36.5%-6.0%-27.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ELC (€2.9) is trading below our estimate of fair value (€4.52)

Significantly Below Fair Value: ELC is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ELC's PB Ratio (1.9x) is in line with the IT Consumer Durables industry average.


Next Steps

Future Growth

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

114.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: ELC's revenue (8.7% per year) is forecast to grow faster than the Italian market (3.4% per year).

High Growth Revenue: ELC's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELC's Return on Equity is forecast to be low in 3 years time (10.1%).


Next Steps

  • Explore growth companies in the Consumer Durables industry.

Past Performance

How has Elica performed over the past 5 years?

-20.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELC is currently unprofitable.

Growing Profit Margin: ELC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ELC is unprofitable, and losses have increased over the past 5 years at a rate of 20.8% per year.

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

Earnings vs Industry: ELC is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-15.5%).


Return on Equity

High ROE: ELC has a negative Return on Equity (1.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is Elica's financial position?


Financial Position Analysis

Short Term Liabilities: ELC's short term assets (€190.4M) exceed its short term liabilities (€136.5M).

Long Term Liabilities: ELC's short term assets (€190.4M) exceed its long term liabilities (€132.6M).


Debt to Equity History and Analysis

Debt Level: ELC's debt to equity ratio (108.8%) is considered high.

Reducing Debt: ELC's debt to equity ratio has increased from 76.8% to 108.8% over the past 5 years.

Debt Coverage: ELC's debt is not well covered by operating cash flow (10%).

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


Balance Sheet


Next Steps

Dividend

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

1.08%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

1.8yrs

Average management tenure


CEO

Mauro Sacchetto (61 yo)

1.75yrs

Tenure

Mr. Mauro Sacchetto serves as Chief Executive Officer and Director at Elica S.p.A. since 2019. He served as the Chief Executive Officer of Marelli Motori S.p.A. Mr. Sacchetto served as the Chief Executive ...


Leadership Team

NamePositionTenureCompensationOwnership
Francesco Casoli
Executive Chairman5.5yrs€665.82k0.21%
€ 381.5k
Mauro Sacchetto
CEO & Director1.75yrsno datano data
Giulio Cocci
Group CFO1.08yrsno datano data
Gianguido Cerullo
Chief Commercial Officer and Vice President Sales & Marketing5.25yrsno datano data
Urbano Urbani
Chief Executive Officer of Airforce S.P.A.no datano datano data
Pralhad Bhutada
CEO & Director of Elica PB India Private Ltdno datano datano data
Laura Giovanetti
Investor Relations Managerno datano datano data

1.8yrs

Average Tenure

Experienced Management: ELC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Francesco Casoli
Executive Chairman5.5yrs€665.82k0.21%
€ 381.5k
Mauro Sacchetto
CEO & Director1.75yrsno datano data
Pralhad Bhutada
CEO & Director of Elica PB India Private Ltdno datano datano data
Giovanni Tamburi
Non-Executive Director1.08yrsno datano data
Elio Catania
Independent Director5.5yrsno datano data
Giovanni Frezzotti
President of the Board of Statutory Auditors2.75yrs€7.46kno data
Keiichi Kashimura
Chairman of Ariafina Co.no datano datano data
Christina Mahne
Independent Director2.75yrsno datano data
Barbara Poggiali
Independent Director2.75yrsno datano data
Federica Medici
Lead Independent Directorno datano datano data
Massimiliano Belli
Statutory Auditor2.75yrsno datano data
Monica Nicolini
Statutory Auditor2.75yrsno datano data

2.8yrs

Average Tenure

58yo

Average Age

Experienced Board: ELC's board of directors are not considered experienced ( 2.8 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 been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Elica S.p.A.
  • Ticker: ELC
  • Exchange: BIT
  • Founded: 1970
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: €183.636m
  • Shares outstanding: 63.32m
  • Website: https://www.elica.com

Number of Employees


Location

  • Elica S.p.A.
  • Via Ermanno Casoli N° 2
  • Fabriano
  • Ancona
  • 60044
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELCBIT (Borsa Italiana)YesOrdinary SharesITEURNov 2006
0EA2LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2006
7L4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2006
ELCMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2006

Biography

Elica S.p.A. designs, manufactures, and sells motors for cooker hoods and central heating boilers in Europe and CIS countries, America, and internationally. The company offers wall mounted, built-in, islan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 21:37
End of Day Share Price2020/10/20 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.