BIT:GEO

Stock Analysis Report

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Executive Summary

Geox S.p.A. creates, produces, promotes, and distributes footwear and apparel for retailers and end consumers in Italy, rest of Europe, North America, and internationally.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GEO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

20.9%

GEO

10.9%

IT Luxury

9.3%

IT Market


1 Year Return

-39.5%

GEO

-9.5%

IT Luxury

-4.5%

IT Market

Return vs Industry: GEO underperformed the Italian Luxury industry which returned -11.6% over the past year.

Return vs Market: GEO underperformed the Italian Market which returned -6% over the past year.


Shareholder returns

GEOIndustryMarket
7 Day20.9%10.9%9.3%
30 Day11.2%13.6%15.4%
90 Day18.2%5.5%-2.7%
1 Year-39.5%-39.5%-9.5%-9.5%-2.1%-4.5%
3 Year-71.7%-72.9%-4.7%-10.8%-1.4%-10.3%
5 Year-75.6%-77.3%-5.8%-17.2%-5.2%-37.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GEO (€0.79) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: GEO is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: GEO is good value based on its PB Ratio (0.7x) compared to the IT Luxury industry average (1.1x).


Next Steps

Future Growth

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

60.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: GEO's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: GEO's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GEO's Return on Equity is forecast to be low in 3 years time (1%).


Next Steps

Past Performance

How has Geox performed over the past 5 years?

-36.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GEO is currently unprofitable.

Growing Profit Margin: GEO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GEO is unprofitable, and losses have increased over the past 5 years at a rate of -36.4% per year.

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

Earnings vs Industry: GEO is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (5.8%).


Return on Equity

High ROE: GEO has a negative Return on Equity (-8.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is Geox's financial position?


Financial Position Analysis

Short Term Liabilities: GEO's short term assets (€482.3M) exceed its short term liabilities (€366.8M).

Long Term Liabilities: GEO's short term assets (€482.3M) exceed its long term liabilities (€261.5M).


Debt to Equity History and Analysis

Debt Level: GEO's debt to equity ratio (14.7%) is considered satisfactory.

Reducing Debt: GEO's debt to equity ratio has reduced from 25.7% to 14.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable GEO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GEO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 34.4% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

3.1yrs

Average board tenure


CEO

Livio Libralesso (54yo)

0.42

Tenure

€440,524

Compensation

Mr. Livio Libralesso serves as Chief Executive Officer at Geox S.p.A. since January 16, 2020. Mr. Libralesso serves as a Director at Geox SpA since April 2018. Mr. Libralesso served as Group Chief Financia ...


CEO Compensation Analysis

Compensation vs Market: Livio's total compensation ($USD498.56K) is about average for companies of similar size in the Italian market ($USD613.21K).

Compensation vs Earnings: Livio's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Livio Libralesso
CEO & Director0.42yr€440.52kno data
Enrico Polegato
Executive Vice Chairmanno data€150.00kno data
Mario Polegato
Founder & Executive Chairmanno data€1.80mno data
Alessandro Giusti
Directorno data€116.60kno data
Francesca Meneghel
Lead Independent Director1.17yrs€55.00kno data
Claudia Baggio
Director7.58yrs€24.90kno data
Lara Livolsi
Independent Directorno data€44.82kno data
Ernesto Albanese
Independent Director4.08yrs€35.00kno data
Sonia Ferrero
Chairman of Board of Statutory Auditors4.08yrsno datano data
Alessandra Pavolini
Independent Director1.42yrs€24.85kno data

3.1yrs

Average Tenure

54yo

Average Age

Experienced Board: GEO's board of directors are considered experienced (3.1 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

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


Key Information

  • Name: Geox S.p.A.
  • Ticker: GEO
  • Exchange: BIT
  • Founded: 1995
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: €202.382m
  • Shares outstanding: 255.21m
  • Website: https://www.geox.com

Number of Employees


Location

  • Geox S.p.A.
  • Via Feltrina Centro 16
  • Biadene di Montebelluna
  • Montebelluna
  • Treviso
  • 31044
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GHHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2004
GEOBIT (Borsa Italiana)YesOrdinary SharesITEURDec 2004
GXSB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2004
0KHHLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 2004
GEOMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 2004
GXSB.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Geox S.p.A. creates, produces, promotes, and distributes footwear and apparel for retailers and end consumers in Italy, rest of Europe, North America, and internationally. It operates in two segments, Footwear and Apparel. The company offers shoes and jackets, as well as accessories for men, women, and children under the Geox brand name through multi-brand selling points, mono-brand shops, and Geox Shops. As of December 31, 2019, it operated 974 Geox Shops, including 520 franchised stores and 454 directly operated stores. The company was founded in 1995 and is headquartered in Montebelluna, Italy. Geox S.p.A. is a subsidiary of LIR S.r.l. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 20:46
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
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.