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SAB

Sabaf BIT:SAB Stock Report

Last Price

€21.45

Market Cap

€241.1m

7D

-4.2%

1Y

-18.4%

Updated

14 Aug, 2022

Data

Company Financials +
SAB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health3/6
Dividends2/6

SAB Stock Overview

Sabaf S.p.A. designs, manufactures, and sells components for household cooking appliances.

Sabaf Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sabaf
Historical stock prices
Current Share Price€21.45
52 Week High€29.30
52 Week Low€17.00
Beta1.19
1 Month Change-8.14%
3 Month Change-12.63%
1 Year Change-18.44%
3 Year Change60.08%
5 Year Change36.62%
Change since IPO84.18%

Recent News & Updates

Aug 10
What Is Sabaf S.p.A.'s (BIT:SAB) Share Price Doing?

What Is Sabaf S.p.A.'s (BIT:SAB) Share Price Doing?

While Sabaf S.p.A. ( BIT:SAB ) might not be the most widely known stock at the moment, it saw significant share price...

Shareholder Returns

SABIT Consumer DurablesIT Market
7D-4.2%-0.6%1.7%
1Y-18.4%-43.2%-16.0%

Return vs Industry: SAB exceeded the Italian Consumer Durables industry which returned -43.2% over the past year.

Return vs Market: SAB underperformed the Italian Market which returned -16% over the past year.

Price Volatility

Is SAB's price volatile compared to industry and market?
SAB volatility
SAB Average Weekly Movement3.9%
Consumer Durables Industry Average Movement3.9%
Market Average Movement4.9%
10% most volatile stocks in IT Market7.7%
10% least volatile stocks in IT Market3.1%

Stable Share Price: SAB is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19501,278Pietro Iottihttps://www.sabafgroup.com

Sabaf S.p.A. designs, manufactures, and sells components for household cooking appliances. It operates through Gas Parts, Hinges, and Electronic Components segments. The company offers taps with or without a flame failure device that are used in free-standing cookers or in built-in hobs; thermostats with or without a flame failure device used in free-standing cookers and built-in ovens; valves; and burners, as well as gas burners for ovens and grills.

Sabaf Fundamentals Summary

How do Sabaf's earnings and revenue compare to its market cap?
SAB fundamental statistics
Market Cap€241.08m
Earnings (TTM)€20.16m
Revenue (TTM)€271.46m

12.0x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SAB income statement (TTM)
Revenue€271.46m
Cost of Revenue€176.86m
Gross Profit€94.60m
Other Expenses€74.44m
Earnings€20.16m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.79
Gross Margin34.85%
Net Profit Margin7.43%
Debt/Equity Ratio70.1%

How did SAB perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

28%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAB?

Other financial metrics that can be useful for relative valuation.

SAB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA7.2x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does SAB's PE Ratio compare to its peers?

SAB PE Ratio vs Peers
The above table shows the PE ratio for SAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.9x
EM Emak
6.5x8.3%€212.9m
ELC Elica
9.9x20.0%€185.4m
INDB Indel B
5.6x-5.2%€136.0m
DLG De'Longhi
13.7x13.1%€2.9b
SAB Sabaf
12x7.8%€241.1m

Price-To-Earnings vs Peers: SAB is expensive based on its Price-To-Earnings Ratio (12x) compared to the peer average (8.9x).


Price to Earnings Ratio vs Industry

How does SAB's PE Ratio compare vs other companies in the European Consumer Durables Industry?

Price-To-Earnings vs Industry: SAB is good value based on its Price-To-Earnings Ratio (12x) compared to the Italian Consumer Durables industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is SAB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: SAB is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).


Share Price vs Fair Value

What is the Fair Price of SAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAB (€21.45) is trading above our estimate of fair value (€15.22)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAB's forecast earnings growth (7.8% per year) is above the savings rate (1.7%).

Earnings vs Market: SAB's earnings (7.8% per year) are forecast to grow slower than the Italian market (9.3% per year).

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

Revenue vs Market: SAB's revenue (4% per year) is forecast to grow faster than the Italian market (0.01% per year).

High Growth Revenue: SAB's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SAB's Return on Equity is forecast to be low in 3 years time (16.7%).


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Past Performance

How has Sabaf performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SAB has high quality earnings.

Growing Profit Margin: SAB's current net profit margins (7.4%) are lower than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: SAB's earnings have grown by 13.9% per year over the past 5 years.

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

Earnings vs Industry: SAB had negative earnings growth (-28.7%) over the past year, making it difficult to compare to the Consumer Durables industry average (35.6%).


Return on Equity

High ROE: SAB's Return on Equity (13.3%) is considered low.


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Financial Health

How is Sabaf's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SAB's short term assets (€187.0M) exceed its short term liabilities (€102.2M).

Long Term Liabilities: SAB's short term assets (€187.0M) exceed its long term liabilities (€85.9M).


Debt to Equity History and Analysis

Debt Level: SAB's net debt to equity ratio (62.1%) is considered high.

Reducing Debt: SAB's debt to equity ratio has increased from 32% to 70.1% over the past 5 years.

Debt Coverage: SAB's debt is not well covered by operating cash flow (7.6%).

Interest Coverage: SAB's interest payments on its debt are well covered by EBIT (40.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.80%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SAB's dividend (2.8%) is higher than the bottom 25% of dividend payers in the Italian market (1.65%).

High Dividend: SAB's dividend (2.8%) is low compared to the top 25% of dividend payers in the Italian market (5.18%).


Stability and Growth of Payments

Stable Dividend: SAB's dividend payments have been volatile in the past 10 years.

Growing Dividend: SAB's dividend payments have not increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.1%), SAB's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: SAB is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Pietro Iotti

4.92yrs

Tenure

€602,366

Compensation

Mr. Pietro Iotti has been Chief Executive Officer of Sabaf S.p.A. since September 12, 2017 and Director since July 20, 2017. He has served as General Manager at Sabaf SpA since September 12, 2017. He is a...


CEO Compensation Analysis

Compensation vs Market: Pietro's total compensation ($USD617.62K) is about average for companies of similar size in the Italian market ($USD719.03K).

Compensation vs Earnings: Pietro's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: SAB's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: SAB's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SAB 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

Sabaf S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sabaf S.p.A.
  • Ticker: SAB
  • Exchange: BIT
  • Founded: 1950
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Implied Market Cap: €241.082m
  • Shares outstanding: 11.24m
  • Website: https://www.sabafgroup.com

Number of Employees


Location

  • Sabaf S.p.A.
  • Via dei Carpini, 1
  • Ospitaletto
  • Brescia
  • 25035
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.