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OVS

BIT:OVS
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OVS
BIT
€377M
Market Cap
  1. Home
  2. IT
  3. Consumer Durables
Company description

OVS S.p.A. operates as a fashion retailer in Italy and Internationally. The last earnings update was 179 days ago. More info.


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  • OVS has significant price volatility in the past 3 months.
OVS Share Price and Events
7 Day Returns
3.7%
BIT:OVS
-41.3%
IT Luxury
-41.4%
IT Market
1 Year Returns
-70.4%
BIT:OVS
-38.7%
IT Luxury
-44.5%
IT Market
OVS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OVS (OVS) 3.7% 25.7% 58.4% -70.4% -70.5% -
IT Luxury -41.3% -40.4% -32.9% -38.7% -20.8% -11.6%
IT Market -41.4% -40.4% -35.2% -44.5% -36.4% -39.9%
1 Year Return vs Industry and Market
  • OVS underperformed the Luxury industry which returned -38.7% over the past year.
  • OVS underperformed the Market in Italy which returned -44.5% over the past year.
Price Volatility
OVS
Industry
5yr Volatility vs Market

OVS Value

 Is OVS 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 OVS 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    Our intrinsic value calculation method has changed recently, learn more here.

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

BIT:OVS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.2%
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:OVS
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 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 24%) (132.27%))
1.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.252 * 9.02%)
14.23%

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

The calculations below outline how an intrinsic value for OVS 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:OVS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.23%)
2019 -51.81 Analyst x4 -45.36
2020 58.27 Analyst x5 44.66
2021 68.07 Analyst x5 45.68
2022 76.06 Est @ 11.73% 44.68
2023 82.97 Est @ 9.09% 42.67
2024 88.98 Est @ 7.24% 40.06
2025 94.27 Est @ 5.95% 37.16
2026 99.03 Est @ 5.04% 34.17
2027 103.40 Est @ 4.41% 31.23
2028 107.50 Est @ 3.97% 28.43
Present value of next 10 years cash flows €303.37
BIT:OVS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €107.50 × (1 + 2.93%) ÷ (14.23% – 2.93%)
€979.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €979.95 ÷ (1 + 14.23%)10
€259.16
BIT:OVS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €303.37 + €259.16
€562.53
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €562.53 / 227.00
€2.48
BIT:OVS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.48
Current discount Discount to share price of €1.64
= -1 x (€1.64 - €2.48) / €2.48
34%

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

Current Discount
Amount off the current price OVS is available for.
Intrinsic value
34%
Share price is €1.64 vs Future cash flow value of €2.48
Current Discount Checks
For OVS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OVS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OVS's share price is below the future cash flow value, but not 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 OVS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OVS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:OVS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-31) in EUR €0.12
BIT:OVS Share Price ** BIT (2019-03-19) in EUR €1.64
Italy Luxury Industry PE Ratio Median Figure of 15 Publicly-Listed Luxury Companies 14.85x
Italy Market PE Ratio Median Figure of 239 Publicly-Listed Companies 11.55x

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

** Primary Listing of OVS.

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

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

= 1.64 ÷ 0.12

14.15x

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

  • OVS is good value based on earnings compared to the IT Luxury industry average.
  • OVS is overvalued based on earnings compared to the Italy market.
Price based on expected Growth
Does OVS's expected growth come at a high price?
Raw Data
BIT:OVS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
16%per year
Italy Luxury Industry PEG Ratio Median Figure of 9 Publicly-Listed Luxury Companies 2.02x
Italy Market PEG Ratio Median Figure of 159 Publicly-Listed Companies 0.87x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.15x ÷ 16%

0.89x

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

  • OVS is good value based on expected growth next year.
Price based on value of assets
What value do investors place on OVS's assets?
Raw Data
BIT:OVS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-31) in EUR €3.75
BIT:OVS Share Price * BIT (2019-03-19) in EUR €1.64
Italy Luxury Industry PB Ratio Median Figure of 21 Publicly-Listed Luxury Companies 1.72x
Italy Market PB Ratio Median Figure of 312 Publicly-Listed Companies 1.1x
BIT:OVS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.64 ÷ 3.75

0.44x

* Primary Listing of OVS.

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

  • OVS is good value based on assets compared to the IT Luxury industry average.
X
Value checks
We assess OVS'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. OVS has a total score of 4/6, 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.

OVS Future Performance

 How is OVS expected to perform in the next 1 to 3 years based on estimates from 6 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
16%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OVS expected to grow at an attractive rate?
  • OVS's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • OVS's earnings growth is expected to exceed the Italy market average.
  • OVS's revenue growth is positive but not above the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:OVS Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:OVS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 16%
BIT:OVS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 0.3%
Italy Luxury Industry Earnings Growth Rate Market Cap Weighted Average 9%
Italy Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6%
Italy Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*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:OVS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:OVS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-01-31 1,453 52 2
2021-01-31 1,475 158 63 6
2020-01-31 1,443 129 57 6
2019-01-31 1,414 104 45 5
BIT:OVS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-07-31 1,603 22 26
2018-04-30 1,591 49 16
2018-01-31 1,580 76 5
2017-10-31 1,525 72 25
2017-07-31 1,471 68 44
2017-04-30 1,442 72 61
2017-01-31 1,412 75 78
2016-10-31 1,402 96 83
2016-07-31 1,391 116 87
2016-04-30 1,376 121 87
2016-01-31 1,361 125 87
2015-10-31 770 159 68

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OVS's earnings are expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
  • OVS's revenue is expected to grow by 0.3% 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:OVS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from OVS Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:OVS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-01-31
2021-01-31 0.22 0.24 0.18 3.00
2020-01-31 0.21 0.24 0.16 4.00
2019-01-31 0.11 0.22 0.02 4.00
BIT:OVS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-07-31 0.12
2018-04-30 0.07
2018-01-31 0.02
2017-10-31 0.11
2017-07-31 0.19
2017-04-30 0.27
2017-01-31 0.34
2016-10-31 0.36
2016-07-31 0.38
2016-04-30 0.39
2016-01-31 0.39
2015-10-31 0.34

*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.
  • OVS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OVS'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.
OVS has a total score of 2/6, 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.

OVS Past Performance

  How has OVS 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 OVS'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.
  • OVS has delivered over 20% year on year earnings growth in the past 5 years.
  • OVS's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • OVS's 1-year earnings growth is negative, it can't be compared to the IT Luxury industry average.
Earnings and Revenue History
OVS'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 OVS Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:OVS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-31 1,603.21 26.22 713.44
2018-04-30 1,591.36 15.68 706.50
2018-01-31 1,579.51 5.14 699.56
2017-10-31 1,525.45 24.67 683.18
2017-07-31 1,471.38 44.21 666.79
2017-04-30 1,441.70 61.11 657.26
2017-01-31 1,412.03 78.02 647.72
2016-10-31 1,401.69 82.69 641.22
2016-07-31 1,391.35 87.36 634.73
2016-04-30 1,376.28 86.99 626.22
2016-01-31 1,361.21 86.63 617.71
2015-10-31 770.13 68.39 424.28
2015-07-31 720.40 28.71 374.57
2015-04-30 700.67 12.46 336.71
2015-01-31 680.95 -3.79 298.86
2014-10-31 1,236.31 -6.22 443.40
2014-07-31 1,220.55 0.00 440.45
2014-04-30 1,199.10 -5.04 439.89
2014-01-31 1,178.32 -10.07 439.34
2013-01-31 1,179.53 -45.19 421.13

*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.
  • OVS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OVS used its assets less efficiently than the IT Luxury industry average last year based on Return on Assets.
  • OVS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OVS'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.
OVS has a total score of 2/6, 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.

OVS Health

 How is OVS'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 OVS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OVS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OVS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of OVS'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 1.3x 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 OVS Company Filings, last reported 7 months ago.

BIT:OVS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-31 851.74 498.74 59.04
2018-04-30 851.74 498.74 59.04
2018-01-31 841.68 438.31 60.50
2017-10-31 841.68 438.31 60.50
2017-07-31 821.38 483.88 63.93
2017-04-30 821.38 483.88 63.93
2017-01-31 871.74 379.92 89.71
2016-10-31 871.74 379.92 89.71
2016-07-31 807.69 387.89 55.79
2016-04-30 807.69 387.89 55.79
2016-01-31 825.06 378.96 125.64
2015-10-31 825.06 378.96 125.64
2015-07-31 761.98 400.59 50.38
2015-04-30 761.98 400.59 50.38
2015-01-31 408.00 784.20 40.33
2014-10-31 379.78 825.56 42.00
2014-07-31 378.42 816.83 14.45
2014-04-30 378.42 816.83 14.45
2014-01-31 388.25 769.66 43.14
2013-01-31 404.01 838.37 87.41
  • OVS's level of debt (58.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (203% vs 58.6% today).
  • Debt is not well covered by operating cash flow (4.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.1x coverage).
X
Financial health checks
We assess OVS'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. OVS has a total score of 4/6, 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.

OVS Dividends

 What is OVS'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
0%
Current annual income from OVS dividends. Estimated to be 5.07% next year.
If you bought €2,000 of OVS shares you are expected to receive €0 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?
  • Unable to evaluate OVS's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate OVS's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:OVS 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 6 Analyst Estimates (S&P Global) See Below
Italy Luxury Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.6%
Italy Market Average Dividend Yield Market Cap Weighted Average of 176 Stocks 6.3%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.5%
Italy Bottom 25% Dividend Yield 25th Percentile 2.3%
Italy Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

BIT:OVS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-01-31
2021-01-31 0.08 4.00
2020-01-31 0.08 4.00
2019-01-31 0.00 5.00
BIT:OVS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-09-21 0.000 0.000
2018-09-19 0.000 0.000
2018-05-10 0.000 0.000
2017-04-18 0.150 2.602
2016-04-14 0.150 2.829

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

  • Unable to perform a dividend volatility check as OVS has not reported any payouts.
  • Unable to verify if OVS's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of OVS's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as OVS has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess OVS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 OVS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OVS has a total score of 1/6, see the detailed checks below.


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

OVS Management

 What is the CEO of OVS'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.
CEO
Stefano Beraldo
COMPENSATION €2,909,477
AGE 61
CEO Bio

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 Executive Officer and Managing Director of Gruppo Coin SpA since 2005. He serves as the President of Charles Vögele Holding AG. Dr. Beraldo served as the General Manager, Chief Executive Officer/Managing Director and Director General of De Longhi S.p.A. from 2000 to June 2005. He has been the Chairman of Charles Vögele Holding AG since December 2016. He serves as a Director of Gruppo Coin SpA. Dr. Beraldo served as an Independent Director of Interpump Group SpA from April 27, 2005 to July 2005. He served as Director of De' Longhi S.p.A until June 2005. Dr. Beraldo holds Degree in Business and Economics from Università Ca’ Foscari di Venezia.

CEO Compensation
  • Stefano's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Stefano's remuneration is higher than average for companies of similar size in Italy.
Management Team

Stefano Beraldo

TITLE
CEO, GM & Executive Director
COMPENSATION
€3M
AGE
61

Nicola Perin

TITLE
Chief Financial Officer
Board of Directors Tenure

Average tenure and age of the OVS board of directors in years:

0.8
Average Tenure
53
Average Age
  • The average tenure for the OVS board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nikos Stathopoulos

TITLE
Chairman
AGE
49

Stefano Beraldo

TITLE
CEO, GM & Executive Director
COMPENSATION
€3M
AGE
61

Gabriele del Torchio

TITLE
Independent Non-Executive Director
COMPENSATION
€92K
AGE
67

Stefano Longostrevi

TITLE
Chairman of the Board of Statutory Auditors
AGE
53
TENURE
0.8 yrs

Stefano Ferraresi

TITLE
Non-Executive Director
AGE
46

Heinz Krogner-Kornalik

TITLE
Independent Non-Executive Director
COMPENSATION
€73K
AGE
77

Marvin Teubner

TITLE
Non-Executive Director
TENURE
2.9 yrs

Chiara Mio

TITLE
Independent Non-Executive Director

Stefania Criveller

TITLE
Non-Executive Director

Elena Angela Garavaglia

TITLE
Non-Executive Director
AGE
39
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by OVS insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Mar 19 Buy Stefano Beraldo Individual 08. Mar 19 08. Mar 19 61,060 €1.60 €97,203
06. Mar 19 Buy Stefano Beraldo Individual 05. Mar 19 05. Mar 19 50,000 €1.70 €84,997
20. Dec 18 Buy Stefano Beraldo Individual 20. Dec 18 20. Dec 18 32,100 €1.05 €33,347
20. Dec 18 Buy Stefano Beraldo Individual 19. Dec 18 19. Dec 18 67,900 €0.89 €58,561
18. Dec 18 Buy Stefano Beraldo Individual 17. Dec 18 17. Dec 18 50,000 €0.89 €42,813
17. Dec 18 Buy Stefano Beraldo Individual 14. Dec 18 14. Dec 18 80,000 €0.84 €62,960
17. Dec 18 Buy Stefano Beraldo Individual 14. Dec 18 14. Dec 18 19,248 €0.78 €15,012
14. Dec 18 Buy Stefano Beraldo Individual 13. Dec 18 13. Dec 18 100,000 €0.80 €78,408
21. Aug 18 Buy Stefano Beraldo Individual 17. Aug 18 17. Aug 18 15,000 €2.40 €35,902
X
Management checks
We assess OVS'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. OVS 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.

OVS News

Simply Wall St News

Why We’re Not Impressed By OVS S.p.A.’s (BIT:OVS) 8.8% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

OVS SpA (BIT:OVS): Assessing Capital Returns

You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently OVS is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Should You Sell OVS SpA (BIT:OVS) At This PE Ratio?

and want to begin learning the link between OVS SpA (BIT:OVS)’s fundamentals and stock market performance. … OVS SpA (BIT:OVS) is currently trading at a trailing P/E of 121.6x, which is higher than the industry average of 27.2x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

What Should Investors Know About OVS SpA's (BIT:OVS) Future?

OVS SpA's (BIT:OVS) announced its latest earnings update in January 2018, whicha … revealed … company

Simply Wall St -

Why OVS SpA (BIT:OVS) Is Truly A Standout Investment

I've been keeping an eye on OVS SpA (BIT:OVS) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe OVS has a lot to offer.

Simply Wall St -

Is There An Opportunity With OVS SpA's (BIT:OVS) 46.24% Undervaluation?

I am going to run you through how I calculated the intrinsic value of OVS SpA (BIT:OVS). … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

OVS Sp.A. (BIT:OVS): Can It Deliver A Superior ROE To The Industry?

Check out our latest analysis for OVS What you must know about ROE Return on Equity (ROE) is a measure of OVS’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of OVS’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity BIT:OVS Last Perf Jun 7th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Does OVS Sp.A.'s (BIT:OVS) PE Ratio Signal A Buying Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for OVS Price per share = €3.54 Earnings per share = €0.19 ∴ Price-Earnings Ratio = €3.54 ÷ €0.19 = 18.6x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … OVS’s P/E of 18.6x is lower than its industry peers (27.5x), which implies that each dollar of OVS’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with OVS, then OVS’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

OVS Sp.A. (BIT:OVS): Does The -49.39% Earnings Drop Reflect A Longer Term Trend?

Below, I will run you through a simple sense check to build perspective on how OVS is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its luxury industry peers. … Since these values may be somewhat nearsighted, I have calculated an annualized five-year figure for OVS's earnings, which stands at €32.51M This shows that while earnings declined against last year, over a longer period of time, OVS's profits have been increasing on average. … Inspecting growth from a sector-level, the IT luxury industry has been growing its average earnings by double-digit 23.85% in the past year, and a more subdued 7.94% over the last five years.

Simply Wall St -

Is OVS Sp.A.'s (BIT:OVS) Balance Sheet A Threat To Its Future?

Moreover, OVS has produced €75.26M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 19.81%, signalling that OVS’s current level of operating cash is not high enough to cover debt. … In OVS's, case, the ratio of 9.57x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving OVS ample headroom to grow its debt facilities.Next Steps: OVS’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

OVS Company Info

Description

OVS S.p.A. operates as a fashion retailer in Italy and Internationally. The company operates through OVS, Upim, and Sempione Fashion segments. Its products include men’s, women’s, children’s, and infant’s wear clothing; table and kitchen ware; accessories to furnishings; toys; perfumes; make-up products; professional make-up accessories; and bath and skincare products. It offers its products under the OVS, OVS KIDS, Upim, Blukids, Shaka, and Croff brands. As of January 31, 2018, the company operated a network of 1,624 stores, including 724 in Italy and 20 abroad directly managed stores, 757 affiliated stores, and 122 administered stores. The company was founded in 1972 and is headquartered in Mestre, Italy.

Details
Name: OVS S.p.A.
OVS
Exchange: BIT
Founded: 1972
€377,047,000
227,000,000
Website: http://www.ovscorporate.it
Address: OVS S.p.A.
Via Terraglio 17,
Mestre,
Venice, 30174,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT OVS Common Stock Borsa Italiana IT EUR 02. Mar 2015
LSE 0R5R Common Stock London Stock Exchange GB EUR 02. Mar 2015
Number of employees
Current staff
Staff numbers
5,445
OVS employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 21:53
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/04
Last earnings filing: 2018/09/21
Last earnings reported: 2018/07/31
Last annual earnings reported: 2018/01/31


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.