Emak S.p.A., together with its subsidiaries, develops, manufactures, and markets various products in the outdoor power equipment, pumps and high pressure water jetting, and components and accessories business areas.
Good value with mediocre balance sheet.
Share Price & News
How has Emak's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EM's share price has been volatile over the past 3 months.
7 Day Return
IT Consumer Durables
1 Year Return
IT Consumer Durables
Return vs Industry: EM underperformed the Italian Consumer Durables industry which returned 1.9% over the past year.
Return vs Market: EM underperformed the Italian Market which returned -6% over the past year.
Price Volatility Vs. Market
How volatile is Emak's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StEstimating The Fair Value Of Emak S.p.A. (BIT:EM)
1 month ago | Simply Wall StThose Who Purchased Emak (BIT:EM) Shares Three Years Ago Have A 63% Loss To Show For It
2 months ago | Simply Wall StWhat Is Emak's (BIT:EM) P/E Ratio After Its Share Price Tanked?
Is Emak undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EM (€0.62) is trading above our estimate of fair value (€0.42)
Significantly Below Fair Value: EM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EM is good value based on its PE Ratio (9.4x) compared to the Consumer Durables industry average (12.1x).
PE vs Market: EM is good value based on its PE Ratio (9.4x) compared to the Italian market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: EM is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: EM is good value based on its PB Ratio (0.5x) compared to the IT Consumer Durables industry average (1.4x).
How is Emak forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EM's forecast earnings growth (24.5% per year) is above the savings rate (2%).
Earnings vs Market: EM's earnings (24.5% per year) are forecast to grow slower 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: EM's revenue (0.7% per year) is forecast to grow slower than the Italian market (4% per year).
High Growth Revenue: EM's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EM's Return on Equity is forecast to be low in 3 years time (6.3%).
How has Emak performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EM has high quality earnings.
Growing Profit Margin: EM's current net profit margins (2.5%) are lower than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: EM's earnings have grown by 10.5% per year over the past 5 years.
Accelerating Growth: EM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EM had negative earnings growth (-46.4%) over the past year, making it difficult to compare to the Consumer Durables industry average (7.7%).
Return on Equity
High ROE: EM's Return on Equity (5.1%) is considered low.
How is Emak's financial position?
Financial Position Analysis
Short Term Liabilities: EM's short term assets (€350.8M) exceed its short term liabilities (€175.7M).
Long Term Liabilities: EM's short term assets (€350.8M) exceed its long term liabilities (€170.5M).
Debt to Equity History and Analysis
Debt Level: EM's debt to equity ratio (95.2%) is considered high.
Reducing Debt: EM's debt to equity ratio has increased from 77.7% to 95.2% over the past 5 years.
Debt Coverage: EM's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: EM's interest payments on its debt are well covered by EBIT (9.5x coverage).
What is Emak's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EM'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 EM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: EM is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EM's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Fausto Bellamico serves as the Chief Executive Officer and Chairman of the Board of EMAK Spa. Mr. Bellamico served as a General Manager of Emak SpA.
CEO Compensation Analysis
Compensation vs Market: Fausto's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD372.06K).
Compensation vs Earnings: Fausto's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Emak S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Emak S.p.A.
- Ticker: EM
- Exchange: BIT
- Founded: 1972
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: €101.393m
- Shares outstanding: 163.54m
- Website: https://www.emak.it
Number of Employees
- Emak S.p.A.
- Via Fermi, 4
- Bagnolo In Piano
- Reggio Emilia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EM||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jun 1998|
|0N9O||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 1998|
|EMM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 1998|
|EK4||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 1998|
Emak S.p.A., together with its subsidiaries, develops, manufactures, and markets various products in the outdoor power equipment, pumps and high pressure water jetting, and components and accessories business areas. The company offers brush cutters, lawnmowers, garden tractors, chainsaws, tillers, motor hoes, and walking tractors for gardening, forestry, and small agricultural equipment under the Oleo-Mac, Efco, Bertolini, Nibbi, and Staub brands. It also provides centrifugal and diaphragm pumps for agriculture; piston pumps for the industrial sector; professional and semi-professional high-pressure washers, floor washing drying machines, and vacuum cleaners; and hydrodynamic units and urban cleaning machines under the Comet, HPP, Lemasa, PTC Waterjetting Equipment, PTC Urban Cleaning Equipment, and Lavor brands. In addition, the company offers lines and heads for brush-cutters; chainsaw accessories; pistols, valves, and nozzles for pressure cleaners and agricultural applications; precision farming sensors and computers; and technical seats and spare parts for tractors under the Tecomec, Mecline, and Sabart brands, as well as other third party brands. It serves customers through specialized dealers, and own branches, as well as through a network of distributors. The company has operations in Italy, rest of Europe, the Americas, Asia, Africa, and Oceania. Emak S.p.A. was founded in 1972 and is headquartered in Bagnolo in Piano, Italy. Emak S.p.A. is a subsidiary of Yama S.p.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 21:13|
|End of Day Share Price||2020/06/05 00:00|
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.