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Fope

BIT:FPE
Snowflake Description

Outstanding track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FPE
BIT
€35M
Market Cap
  1. Home
  2. IT
  3. Consumer Durables
Company description

Fope S.p.A. manufactures and sells jewelry worldwide. The last earnings update was 66 days ago. More info.


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FPE Share Price and Events
7 Day Returns
-2%
BIT:FPE
-1.8%
IT Luxury
0.8%
IT Market
1 Year Returns
14%
BIT:FPE
-10.8%
IT Luxury
-9.1%
IT Market
FPE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fope (FPE) -2% -5.8% 8.9% 14% - -
IT Luxury -1.8% -3.4% -2.3% -10.8% 6% 12.3%
IT Market 0.8% -3.4% 3.3% -9.1% -6% -33.7%
1 Year Return vs Industry and Market
  • FPE outperformed the Luxury industry which returned -10.8% over the past year.
  • FPE outperformed the Market in Italy which returned -9.1% over the past year.
Price Volatility
FPE
Industry
5yr Volatility vs Market

Value

 Is Fope undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fope to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fope.

BIT:FPE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:FPE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 24%) (0.32%))
0.815
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (0.815 * 9.02%)
10.29%

Discounted Cash Flow Calculation for BIT:FPE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fope is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:FPE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.29%)
2019 0.89 Analyst x2 0.81
2020 3.51 Analyst x2 2.88
2021 4.10 Analyst x2 3.05
2022 4.76 Analyst x1 3.22
2023 5.30 Est @ 11.4% 3.25
2024 5.77 Est @ 8.86% 3.21
2025 6.18 Est @ 7.08% 3.11
2026 6.54 Est @ 5.84% 2.99
2027 6.87 Est @ 4.97% 2.85
2028 7.17 Est @ 4.36% 2.69
Present value of next 10 years cash flows €28.06
BIT:FPE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €7.17 × (1 + 2.93%) ÷ (10.29% – 2.93%)
€100.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €100.34 ÷ (1 + 10.29%)10
€37.69
BIT:FPE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €28.06 + €37.69
€65.75
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €65.75 / 4.75
€13.85
BIT:FPE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €13.85
Current discount Discount to share price of €7.35
= -1 x (€7.35 - €13.85) / €13.85
46.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fope is available for.
Intrinsic value
47%
Share price is €7.35 vs Future cash flow value of €13.85
Current Discount Checks
For Fope to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fope's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fope's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fope's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fope's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:FPE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.49
BIT:FPE Share Price ** BIT (2019-05-17) in EUR €7.35
Italy Luxury Industry PE Ratio Median Figure of 14 Publicly-Listed Luxury Companies 14.37x
Italy Market PE Ratio Median Figure of 238 Publicly-Listed Companies 15.54x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fope.

BIT:FPE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:FPE Share Price ÷ EPS (both in EUR)

= 7.35 ÷ 0.49

14.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fope is overvalued based on earnings compared to the IT Luxury industry average.
  • Fope is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does Fope's expected growth come at a high price?
Raw Data
BIT:FPE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
12.4%per year
Italy Luxury Industry PEG Ratio Median Figure of 10 Publicly-Listed Luxury Companies 2.01x
Italy Market PEG Ratio Median Figure of 157 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

BIT:FPE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.95x ÷ 12.4%

1.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fope is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fope's assets?
Raw Data
BIT:FPE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.51
BIT:FPE Share Price * BIT (2019-05-17) in EUR €7.35
Italy Luxury Industry PB Ratio Median Figure of 21 Publicly-Listed Luxury Companies 1.66x
Italy Market PB Ratio Median Figure of 318 Publicly-Listed Companies 1.43x
BIT:FPE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:FPE Share Price ÷ Book Value per Share (both in EUR)

= 7.35 ÷ 2.51

2.93x

* Primary Listing of Fope.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fope is overvalued based on assets compared to the IT Luxury industry average.
X
Value checks
We assess Fope's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Fope has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fope expected to grow at an attractive rate?
  • Fope's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Fope's earnings growth is expected to exceed the Italy market average.
  • Fope's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:FPE Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:FPE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 12.4%
BIT:FPE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8.5%
Italy Luxury Industry Earnings Growth Rate Market Cap Weighted Average 9%
Italy Luxury Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Italy Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:FPE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:FPE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 44 7 6 1
2021-12-31 41 6 5 2
2020-12-31 38 5 4 2
2019-12-31 34 4 4 2
BIT:FPE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 31 3
2018-09-30 31 3
2018-06-30 30 3 3
2018-03-31 29 3 3
2017-12-31 28 3 2
2017-09-30 27 2
2017-06-30 26 2 2
2017-03-31 24 2 1
2016-12-31 23 1 1
2016-09-30 22 1
2016-06-30 22 0 1
2016-03-31 21 0 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fope's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
  • Fope's revenue is expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:FPE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Fope Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:FPE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.99 0.99 0.99 1.00
2020-12-31 0.90 0.90 0.90 1.00
2019-12-31 0.78 0.78 0.78 1.00
BIT:FPE Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31
2018-09-30
2018-06-30
2018-03-31
2017-12-31 0.49
2017-09-30 0.43
2017-06-30
2017-03-31
2016-12-31 0.23
2016-09-30 0.21
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fope is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Fope's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fope has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fope performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fope's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fope has delivered over 20% year on year earnings growth in the past 5 years.
  • Fope's 1-year earnings growth exceeds its 5-year average (43.4% vs 42.2%)
  • Fope's earnings growth has exceeded the IT Luxury industry average in the past year (43.4% vs 19.8%).
Earnings and Revenue History
Fope's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fope Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:FPE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 31.26 3.35
2018-09-30 30.54 3.38 1.62
2018-06-30 29.82 3.41 3.23
2018-03-31 28.93 2.87 3.19
2017-12-31 28.03 2.33 3.14
2017-09-30 26.78 2.02 3.09
2017-06-30 25.53 1.72 3.03
2017-03-31 24.30 1.39 2.94
2016-12-31 23.08 1.07 2.86
2016-09-30 22.47 0.97 2.89
2016-06-30 21.86 0.86 2.93
2016-03-31 21.39 0.93 2.85
2015-12-31 20.92 1.00 2.77
2014-12-31 18.42 0.97 2.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fope has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Fope used its assets more efficiently than the IT Luxury industry average last year based on Return on Assets.
  • Fope has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fope's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fope has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fope's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fope's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fope is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fope's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fope's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 134.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fope Company Filings, last reported 4 months ago.

BIT:FPE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 15.98 0.11
2018-09-30 15.98 0.11
2018-06-30 13.13 8.83 5.95
2018-03-31 13.13 8.83 5.95
2017-12-31 11.92 4.81 3.65
2017-09-30 11.92 4.81 3.65
2017-06-30 10.14 4.72 2.49
2017-03-31 10.14 4.72 2.49
2016-12-31 9.63 5.39 3.26
2016-09-30 9.63 5.39 3.26
2016-06-30 6.40 6.08 1.57
2016-03-31 6.40 6.08 1.57
2015-12-31 5.69 6.01 1.61
2014-12-31 5.86 4.64 2.64
  • Fope's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Fope's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (2411.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.8x coverage).
X
Financial health checks
We assess Fope's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fope has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fope's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.76%
Current annual income from Fope dividends. Estimated to be 4.58% next year.
If you bought €2,000 of Fope shares you are expected to receive €95 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fope's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.15%).
  • Fope's dividend is above the markets top 25% of dividend payers in Italy (4.46%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:FPE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Italy Luxury Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.8%
Italy Market Average Dividend Yield Market Cap Weighted Average of 184 Stocks 4.2%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.1%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:FPE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.39 1.00
2020-12-31 0.33 1.00
2019-12-31 0.29 1.00
BIT:FPE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.350 4.723
2018-04-16 0.125 1.918
2018-03-19 0.125 1.794

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Fope has stable dividend payments.
  • Fope only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Fope's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Fope's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fope afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fope has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fope's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Fope has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Oct 18 Sell Giulia Cazzola Individual 26. Sep 18 26. Sep 18 -60,000 €6.00 €-360,000
02. Oct 18 Sell Diego Nardin Individual 26. Sep 18 26. Sep 18 -10,000 €6.00 €-60,000
X
Management checks
We assess Fope's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fope has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Fope S.p.A. (BIT:FPE) Trading At A 48% Discount?

We assume companies with shrinking free cash flow are will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €0.89 €3.51 €4.10 €4.76 €5.30 €5.77 €6.18 €6.54 €6.87 €7.17 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x2 Analyst x1 Est @ 11.4% Est @ 8.86% Est @ 7.08% Est @ 5.84% Est @ 4.97% Est @ 4.36% Present Value (€, Millions) Discounted @ 10.3% €0.81 €2.88 €3.05 €3.22 €3.25 €3.21 €3.11 €2.99 €2.84 €2.69 Present Value of 10-year Cash Flow (PVCF)= €28.04m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.9%.

Simply Wall St -

Update: Fope (BIT:FPE) Stock Gained 15% In The Last Year

(BIT:FPE) share price is 15% higher than it was a year ago, much better than the market return of around -10% (not including dividends) in the same period. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … It's fair to say that the share price gain of 15% did not keep pace with the EPS growth.

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Is It Too Late To Buy Fope S.p.A. (BIT:FPE) At Its April Price?

Looking at Fope S.p.A.’s (BIT:FPE) fundamentals some investors are wondering if its last closing price of €7.5 represents a good value for money for this high growth stock. … Investors in Fope have been patiently waiting for the uptick in earnings. … If you believe the analysts covering the stock then the following year will be very interesting

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Only 3 Days Left Before Fope S.p.A. (BIT:FPE) Will Be Trading Ex-Dividend

Investors who want to cash in on Fope S.p.A.'s (BIT:FPE) upcoming dividend of €0.35 per share have only 3 days left to buy the shares before its ex-dividend date, 23 April 2019, in time for dividends payable on the 25 April 2019. … 5 questions to ask before buying a dividend stock? … When researching a dividend stock, I always follow the following screening criteria:?

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Here's What Fope S.p.A.'s (BIT:FPE) ROCE Can Tell Us

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

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Fope S.p.A. (BIT:FPE): Are Analysts Bullish?

In December 2018, Fope S.p.A. … (BIT:FPE) announced its most recent earnings update, whicha … showed

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Fope S.p.A. (BIT:FPE): Set To Experience A Decrease In Earnings?

After Fope S.p.A.'s (BIT:FPE) recent earnings announcement in June 2018, … as a -12% fall in profits is expected in the upcoming year

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Fope S.p.A. (BIT:FPE): A Fundamentally Attractive Investment

Help shape the future of investing tools and you could win a $250 gift card! … (BIT:FPE) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

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Need To Know: Fope S.p.A. (BIT:FPE) Insiders Have Been Selling Shares

So we'll take a look at whether insiders have been buying or selling shares in Fope S.p.A. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at slightly below the current price (€6.45).

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Read This Before Buying Fope S.p.A. (BIT:FPE) For Its Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's dig deeper into whether Fope should have a place in your portfolio. … Here's how I find good dividend stocks

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Company Info

Description

Fope S.p.A. manufactures and sells jewelry worldwide. It offers bracelets, necklaces, rings, ear rings, flex'it products, and watches. The company is based in Vicenza, Italy.

Details
Name: Fope S.p.A.
FPE
Exchange: BIT
Founded:
€34,895,595
4,747,700
Website: http://www.fope.com
Address: Fope S.p.A.
Via Zampieri Giuseppe, 31,
Vicenza,
Vicenza, 36100,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT FPE Ordinary Shares Borsa Italiana IT EUR 30. Nov 2016
Number of employees
Current staff
Staff numbers
0
Fope employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 22:57
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.