BIT:PTR

Stock Analysis Report

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Executive Summary

Pattern S.p.A. engages in the design and engineering of garments for women and men. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PTR is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PTR's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

PTR

0.6%

IT Luxury

-1.8%

IT Market


1 Year Return

-17.0%

PTR

0.1%

IT Luxury

-10.7%

IT Market

Return vs Industry: PTR underperformed the Italian Luxury industry which returned 0.1% over the past year.

Return vs Market: PTR underperformed the Italian Market which returned -10.7% over the past year.


Shareholder returns

PTRIndustryMarket
7 Day-3.2%0.6%-1.8%
30 Day8.9%-2.3%0.5%
90 Day16.2%24.6%14.3%
1 Year-15.9%-17.0%0.2%0.1%-7.9%-10.7%
3 Yearn/a4.7%-0.4%-4.9%-14.8%
5 Yearn/a35.9%20.3%25.4%-3.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

16.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PTR (€4.3) is trading above our estimate of fair value (€3.65)

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


Price To Earnings Ratio

PE vs Industry: PTR is good value based on its PE Ratio (16.5x) compared to the IT Luxury industry average (19.7x).

PE vs Market: PTR is good value based on its PE Ratio (16.5x) compared to the Italian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: PTR is poor value based on its PEG Ratio (5.2x)


Price to Book Ratio

PB vs Industry: PTR is overvalued based on its PB Ratio (3.2x) compared to the IT Luxury industry average (1.3x).


Next Steps

Future Growth

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

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTR's forecast earnings growth (3.2% per year) is above the savings rate (1.9%).

Earnings vs Market: PTR's earnings (3.2% per year) are forecast to grow slower than the Italian market (21.7% per year).

High Growth Earnings: PTR's earnings are forecast to grow, but not significantly.

Revenue vs Market: PTR's revenue (6.5% per year) is forecast to grow faster than the Italian market (3.1% per year).

High Growth Revenue: PTR's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PTR's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Pattern performed over the past 5 years?

-1.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PTR has a high level of non-cash earnings.

Growing Profit Margin: PTR's current net profit margins (6.2%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PTR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: PTR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PTR had negative earnings growth (-1.1%) over the past year, making it difficult to compare to the Luxury industry average (-38.8%).


Return on Equity

High ROE: PTR's Return on Equity (19.4%) is considered low.


Next Steps

Financial Health

How is Pattern's financial position?


Financial Position Analysis

Short Term Liabilities: PTR's short term assets (€35.0M) exceed its short term liabilities (€12.9M).

Long Term Liabilities: PTR's short term assets (€35.0M) exceed its long term liabilities (€13.3M).


Debt to Equity History and Analysis

Debt Level: PTR's debt to equity ratio (70.2%) is considered high.

Reducing Debt: Insufficient data to determine if PTR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PTR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PTR's interest payments on its debt are well covered by EBIT (95.1x coverage).


Balance Sheet


Next Steps

Dividend

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

0.29%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


CEO

Luca Sburlati (50 yo)

no data

Tenure

Mr. Luca Sburlati is the Chief Executive Officer and Director of PATTERN SpA.


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

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


Key Information

  • Name: Pattern S.p.A.
  • Ticker: PTR
  • Exchange: BIT
  • Founded: 2000
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €61.171m
  • Shares outstanding: 13.72m
  • Website: https://www.pattern.it

Number of Employees


Location

  • Pattern S.p.A.
  • Via Italia, 6/A
  • Collegno
  • Turin
  • 10093
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTRBIT (Borsa Italiana)YesShare CapitalITEURJul 2019

Biography

Pattern S.p.A. engages in the design and engineering of garments for women and men. It designs and processes coats, jackets, and other item of clothing. The company was founded in 2000 and is based in Coll...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 19:49
End of Day Share Price2021/01/20 00:00
Earnings2020/06/30
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.