BIT:OVS

Stock Analysis Report

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Executive Summary

OVS S.p.A. operates as a fashion retailer in Italy and Internationally.


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.5%

OVS

-1.0%

IT Luxury

-3.8%

IT Market


1 Year Return

-42.2%

OVS

-34.9%

IT Luxury

-11.3%

IT Market

Return vs Industry: OVS underperformed the Italian Luxury industry which returned -34.9% over the past year.

Return vs Market: OVS underperformed the Italian Market which returned -11.3% over the past year.


Shareholder returns

OVSIndustryMarket
7 Day-8.5%-1.0%-3.8%
30 Day-3.8%-4.7%-3.0%
90 Day19.4%-3.9%10.8%
1 Year-42.2%-42.2%-34.9%-34.9%-8.9%-11.3%
3 Year-85.8%-85.8%-52.3%-56.1%-9.4%-17.7%
5 Year-83.7%-84.5%-59.7%-65.1%-11.3%-39.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OVS (€0.92) is trading above our estimate of fair value (€0.32)

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


Price To Earnings Ratio

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

PE vs Market: OVS is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

PEG Ratio: OVS is unprofitable, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: OVS is good value based on its PB Ratio (0.2x) compared to the IT Luxury industry average (1.1x).


Next Steps

Future Growth

How is OVS forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

109.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: OVS's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: OVS's revenue is forecast to decline over the next 3 years (-0.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OVS's Return on Equity is forecast to be low in 3 years time (4.3%).


Next Steps

Past Performance

How has OVS performed over the past 5 years?

-39.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OVS is currently unprofitable.

Growing Profit Margin: OVS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OVS is unprofitable, and losses have increased over the past 5 years at a rate of 39% per year.

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

Earnings vs Industry: OVS is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (3.7%).


Return on Equity

High ROE: OVS has a negative Return on Equity (-19.26%), as it is currently unprofitable.


Next Steps

Financial Health

How is OVS's financial position?


Financial Position Analysis

Short Term Liabilities: OVS's short term assets (€479.1M) exceed its short term liabilities (€420.6M).

Long Term Liabilities: OVS's short term assets (€479.1M) do not cover its long term liabilities (€1.4B).


Debt to Equity History and Analysis

Debt Level: OVS's debt to equity ratio (41.5%) is considered high.

Reducing Debt: OVS's debt to equity ratio has reduced from 187.4% to 41.5% over the past 5 years.

Debt Coverage: OVS's debt is well covered by operating cash flow (50.5%).

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


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

1.3yrs

Average board tenure


CEO

Stefano Beraldo (63 yo)

no data

Tenure

€2,909,477

Compensation

Dr. Stefano Beraldo serves as General Manager of GS Euromercato SpA. Dr. Beraldo serves as Chief Executive Officer, General Manager and Executive Director of OVS S.p.A. Dr. Beraldo has been the Chief Execu ...


CEO Compensation Analysis

Compensation vs Market: Stefano's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD678.20K).

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


Board Members

NamePositionTenureCompensationOwnership
Stefano Beraldo
CEO, GM & Executive Directorno data€2.91m0.19%
€ 386.2k
Giovanni Tamburi
Vice Chairman0.083yrno datano data
Alessandra Gritti
Non-Executive Director1.42yrsno datano data
Roberto Wiel
Standing Auditorno data€42.09kno data
Massimiliano Magrini
Independent Non-Executive Director1.42yrsno datano data
Stefano Longostrevi
Chairman of the Board of Statutory Auditors2.17yrsno datano data
Elena Angela Garavaglia
Independent Non-Executive Director2.17yrsno datano data
Chiara Mio
Independent Non-Executive Directorno datano datano data
Franco Moscetti
Chairman1.25yrsno datano data
Paola Tagliavini
Statutory Auditor0.083yrno datano data
Carlo Achermann
Non Executive Director0.083yrno datano data
Vittoria Giustiniani
Non-Executive Director0.083yrno datano data

1.3yrs

Average Tenure

62yo

Average Age

Experienced Board: OVS's board of directors are not considered experienced ( 1.3 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: OVS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: OVS S.p.A.
  • Ticker: OVS
  • Exchange: BIT
  • Founded: 1972
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €207.756m
  • Shares outstanding: 226.19m
  • Website: https://www.ovscorporate.it

Number of Employees


Location

  • OVS S.p.A.
  • Via Terraglio 17
  • Mestre
  • Venice
  • 30174
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OVSBIT (Borsa Italiana)YesCommon StockITEURMar 2015
OVSmBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURMar 2015
0R5RLSE (London Stock Exchange)YesCommon StockGBEURMar 2015

Biography

OVS S.p.A. operates as a fashion retailer in Italy and Internationally. The company operates through OVS and UPIM segments. Its products include men’s wear, women’s wear, children’s wear, and infant’s clot ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 21:05
End of Day Share Price2020/07/31 00:00
Earnings2020/01/31
Annual Earnings2020/01/31


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.