Ratti S.p.A. manufactures and distributes fabrics and accessories for men and women in Italy and internationally.
Outstanding track record and good value.
Share Price & News
How has Ratti's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RAT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RAT exceeded the Italian Luxury industry which returned -11.4% over the past year.
Return vs Market: RAT exceeded the Italian Market which returned 15.6% over the past year.
Price Volatility Vs. Market
How volatile is Ratti's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWith EPS Growth And More, Ratti (BIT:RAT) Is Interesting
1 month ago | Simply Wall StHow Does Ratti's (BIT:RAT) P/E Compare To Its Industry, After Its Big Share Price Gain?
1 month ago | Simply Wall StThe Case For Ratti S.p.A. (BIT:RAT): Could It Be A Nice Addition To Your Dividend Portfolio?
Is Ratti undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RAT (€5.76) is trading below our estimate of fair value (€11.31)
Significantly Below Fair Value: RAT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RAT is good value based on its PE Ratio (11x) compared to the Luxury industry average (15.4x).
PE vs Market: RAT is good value based on its PE Ratio (11x) compared to the Italian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RAT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RAT is overvalued based on its PB Ratio (2.9x) compared to the IT Luxury industry average (1.3x).
How is Ratti forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ratti has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Ratti is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Ratti competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Ratti performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAT has high quality earnings.
Growing Profit Margin: RAT's current net profit margins (11.9%) are higher than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: RAT's earnings have grown significantly by 35.4% per year over the past 5 years.
Accelerating Growth: RAT's earnings growth over the past year (64.4%) exceeds its 5-year average (35.4% per year).
Earnings vs Industry: RAT earnings growth over the past year (64.4%) exceeded the Luxury industry -11.5%.
Return on Equity
High ROE: RAT's Return on Equity (26.5%) is considered high.
Return on Assets
Return on Capital Employed
How is Ratti's financial position?
Financial Position Analysis
Short Term Liabilities: RAT's short term assets (€104.9M) exceed its short term liabilities (€47.3M).
Long Term Liabilities: RAT's short term assets (€104.9M) exceed its long term liabilities (€44.2M).
Debt to Equity History and Analysis
Debt Level: RAT's debt to equity ratio (77.9%) is considered high.
Reducing Debt: RAT's debt to equity ratio has increased from 64.6% to 77.9% over the past 5 years.
Debt Coverage: RAT's debt is well covered by operating cash flow (44%).
Interest Coverage: RAT's interest payments on its debt are well covered by EBIT (64.8x coverage).
Inventory Level: RAT has a high level of physical assets or inventory.
Debt Coverage by Assets: RAT's debt is covered by short term assets (assets are 2.5x debt).
What is Ratti's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RAT's dividend (3.47%) is higher than the bottom 25% of dividend payers in the Italian market (2%).
High Dividend: RAT's dividend (3.47%) is low compared to the top 25% of dividend payers in the Italian market (4.47%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RAT has been paying a dividend for less than 10 years.
Growing Dividend: RAT's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38%), RAT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sergio Tamborini (60yo)
Mr. Sergio Tamborini serves as the Chief Executive Officer of Ratti SpA and serves as its Director since December 23, 2009.
CEO Compensation Analysis
Compensation vs Market: Sergio's total compensation ($USD343.25K) is below average for companies of similar size in the Italian market ($USD526.73K).
Compensation vs Earnings: Sergio's compensation has increased by more than 20% in the past year.
|CEO & Director||0yrs||€316.00k||no data|
|Vice President of the Board||0yrs||€60.00k||34.01% €53.6m|
|President of the Board||0yrs||€127.00k||no data|
|President of the Board of Statutory Auditors||5.8yrs||€20.00k||no data|
|Independent Director||9.8yrs||€34.00k||no data|
|Independent Director||9.8yrs||€29.00k||no data|
Experienced Board: RAT's board of directors are considered experienced (9.8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ratti S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Ratti S.p.A.
- Ticker: RAT
- Exchange: BIT
- Founded: 1945
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: €157.536m
- Shares outstanding: 27.35m
- Website: https://www.ratti.it
- Ratti S.p.A.
- Via Madonna, 30
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RAT||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jan 1992|
|0P41||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|RATM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
Ratti S.p.A. manufactures and distributes fabrics and accessories for men and women in Italy and internationally. The company offers printed, plain, yarn-dyed, and jacquard fabrics for women’s ready-to-wear, beachwear, underwear, and handbags, as well as headscarves, shawls, and scarves; and printed, plain, and jacquard fabrics for men’s shirts, ready-to-wear, and beachwear, as well as scarves, ties, fabrics for bags, and garment prints. It also provides furnishings, including upholstery, curtain, cushion, and home décor fabrics, as well as furnishing fabrics for hotels, showrooms, and stores. Ratti S.p.A. was founded in 1945 and is based in Guanzate, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 21:08|
|End of Day Share Price||2020/02/21 00:00|
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.