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SFL

Safilo Group BIT:SFL Stock Report

Last Price

€1.26

Market Cap

€520.7m

7D

0%

1Y

-6.0%

Updated

29 Jun, 2022

Data

Company Financials +
SFL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends0/6

SFL Stock Overview

Safilo Group S.p.A. engages in the design, production, wholesale, and retail distribution of products for the eyewear market in North America, Europe, the Asia Pacific, and internationally.

Safilo Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Safilo Group
Historical stock prices
Current Share Price€1.26
52 Week High€1.97
52 Week Low€1.03
Beta1.63
1 Month Change-15.50%
3 Month Change-16.84%
1 Year Change-6.05%
3 Year Change47.25%
5 Year Change-81.03%
Change since IPO-98.73%

Recent News & Updates

Jun 11
Safilo Group (BIT:SFL) Takes On Some Risk With Its Use Of Debt

Safilo Group (BIT:SFL) Takes On Some Risk With Its Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

SFLIT LuxuryIT Market
7D0%7.1%0.6%
1Y-6.0%-23.7%-15.0%

Return vs Industry: SFL exceeded the Italian Luxury industry which returned -24.6% over the past year.

Return vs Market: SFL exceeded the Italian Market which returned -14.9% over the past year.

Price Volatility

Is SFL's price volatile compared to industry and market?
SFL volatility
SFL Average Weekly Movement6.0%
Luxury Industry Average Movement5.6%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.4%
10% least volatile stocks in IT Market3.4%

Stable Share Price: SFL is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SFL's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
18784,545Angelo Trocchiahttps://www.safilogroup.com

Safilo Group S.p.A. engages in the design, production, wholesale, and retail distribution of products for the eyewear market in North America, Europe, the Asia Pacific, and internationally. Its brand portfolio comprises a set of own branded products, such as optical frames, sunglasses, sports goggles, and helmets, as well as licensed brands,including prescription frames and sunglasses. The company offers its products under own brands comprising Carrera, Polaroid, Safilo, Smith, Blenders Eyewear, and Privé Revaux, as well as Adensco, Chesterfield, Elasta, and Emozioni; and licensed brands, such as Banana Republic, BOSS, Carolina Herrera, Chiara Ferragni, David Beckham, Dsquared2, Fossil, havaianas, HUGO, Isabel Marant, Jimmy Choo, Juicy Couture, Kate Spade, LEVI’S, Liz Claiborne, Marc Jacobs, Missoni, M Missoni, Moschino and Love Moschino, Pierre Cardin, PORTS, rag&bone, Rebecca Minkof, Tommy Hilfiger, Tommy Jeans, Under Armour, and Liz Claiborne brand.

Safilo Group Fundamentals Summary

How do Safilo Group's earnings and revenue compare to its market cap?
SFL fundamental statistics
Market Cap€520.67m
Earnings (TTM)€21.28m
Revenue (TTM)€969.58m

24.5x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SFL income statement (TTM)
Revenue€969.58m
Cost of Revenue€456.97m
Gross Profit€512.62m
Other Expenses€491.34m
Earnings€21.28m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 03, 2022

Earnings per share (EPS)0.051
Gross Margin52.87%
Net Profit Margin2.19%
Debt/Equity Ratio41.5%

How did SFL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SFL 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/Revenue0.7x
Enterprise Value/EBITDA7.6x
PEG Ratio1x

Price to Earnings Ratio vs Peers

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

SFL PE Ratio vs Peers
The above table shows the PE ratio for SFL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.5x
OVS OVS
9.6x13.0%€466.3m
AEF Aeffe
8.8x7.0%€152.1m
FPE Fope
22.5x9.5%€112.3m
SFER Salvatore Ferragamo
25.3x19.6%€2.5b
SFL Safilo Group
24.5x23.4%€520.7m

Price-To-Earnings vs Peers: SFL is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the peer average (16.5x).


Price to Earnings Ratio vs Industry

How does SFL's PE Ratio compare vs other companies in the European Luxury Industry?

Price-To-Earnings vs Industry: SFL is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the Italian Luxury industry average (21.2x)


Price to Earnings Ratio vs Fair Ratio

What is SFL'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.

SFL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.5x
Fair PE Ratio23.3x

Price-To-Earnings vs Fair Ratio: SFL is expensive based on its Price-To-Earnings Ratio (24.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).


Share Price vs Fair Value

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

Below Fair Value: SFL (€1.26) is trading above our estimate of fair value (€0.82)

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


Price to Earnings Growth Ratio

PEG Ratio: SFL is poor value based on its PEG Ratio (1x)


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Future Growth

How is Safilo Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SFL's forecast earnings growth (23.4% per year) is above the savings rate (1.7%).

Earnings vs Market: SFL's earnings (23.4% per year) are forecast to grow faster than the Italian market (10.1% per year).

High Growth Earnings: SFL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SFL's revenue (5% per year) is forecast to grow faster than the Italian market (0.3% per year).

High Growth Revenue: SFL's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SFL's Return on Equity is forecast to be low in 3 years time (9.4%).


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Past Performance

How has Safilo Group 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


24.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SFL has a large one-off loss of €23.9M impacting its December 31 2021 financial results.

Growing Profit Margin: SFL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SFL has become profitable over the past 5 years, growing earnings by 24.7% per year.

Accelerating Growth: SFL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SFL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (47.9%).


Return on Equity

High ROE: SFL's Return on Equity (5.5%) is considered low.


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Financial Health

How is Safilo Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SFL's short term assets (€564.2M) exceed its short term liabilities (€310.6M).

Long Term Liabilities: SFL's short term assets (€564.2M) exceed its long term liabilities (€261.1M).


Debt to Equity History and Analysis

Debt Level: SFL's net debt to equity ratio (14.4%) is considered satisfactory.

Reducing Debt: SFL's debt to equity ratio has increased from 16.5% to 41.5% over the past 5 years.

Debt Coverage: SFL's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: SFL's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


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Dividend

What is Safilo Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SFL has not reported any payouts.


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Management

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

1.3yrs

Average management tenure


CEO

Angelo Trocchia (58 yo)

4.17yrs

Tenure

Mr. Angelo Trocchia has been Chief Executive Officer and Director of Safilo Group SpA since April 24, 2018. He served as the Chairman and Chief Executive Officer of Unilever Italia srl. After an MBA at the...


Leadership Team

Experienced Management: SFL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: SFL's board of directors are considered experienced (4.2 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 50%.


Top Shareholders

Company Information

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


Key Information

  • Name: Safilo Group S.p.A.
  • Ticker: SFL
  • Exchange: BIT
  • Founded: 1878
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: €520.667m
  • Shares outstanding: 413.56m
  • Website: https://www.safilogroup.com

Number of Employees


Location

  • Safilo Group S.p.A.
  • Settima Strada 15
  • Padua
  • Padova
  • 35129
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2021/12/31
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.