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SFL

Safilo GroupBIT:SFL Stock Report

Market Cap

€414.7m

7D

6.5%

1Y

157.1%

Updated

25 Oct, 2021

Data

Company Financials +
SFL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends0/6

SFL Overview

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

Safilo Group Competitors

Kering

ENXTPA:KER

€80.3b

EssilorLuxottica Société anonyme

ENXTPA:EL

€75.6b

Inspecs Group

AIM:SPEC

UK£384.9m

Price History & Performance

Summary of all time highs, changes and price drops for Safilo Group
Historical stock prices
Current Share Price€1.47
52 Week High€0.50
52 Week Low€1.97
Beta1.75
1 Month Change-4.05%
3 Month Change3.53%
1 Year Change157.09%
3 Year Change-19.16%
5 Year Change-84.60%
Change since IPO-98.51%

Recent News & Updates

Sep 14
Is Safilo Group (BIT:SFL) Using Too Much Debt?

Is Safilo Group (BIT:SFL) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Aug 12
We Think Safilo Group's (BIT:SFL) Profit Is Only A Baseline For What They Can Achieve

We Think Safilo Group's (BIT:SFL) Profit Is Only A Baseline For What They Can Achieve

Even though Safilo Group S.p.A.'s ( BIT:SFL ) recent earnings release was robust, the market didn't seem to notice. We...

Aug 04
Need To Know: Analysts Are Much More Bullish On Safilo Group S.p.A. (BIT:SFL)

Need To Know: Analysts Are Much More Bullish On Safilo Group S.p.A. (BIT:SFL)

Safilo Group S.p.A. ( BIT:SFL ) shareholders will have a reason to smile today, with the analysts making substantial...

Shareholder Returns

SFLIT LuxuryIT Market
7D6.5%3.1%0.5%
1Y157.1%65.8%36.4%

Return vs Industry: SFL exceeded the Italian Luxury industry which returned 65.8% over the past year.

Return vs Market: SFL exceeded the Italian Market which returned 36.4% over the past year.

Price Volatility

Is SFL's price volatile compared to industry and market?
SFL volatility
SFL Beta1.75
Industry Beta1.12
Market Beta1

Stable Share Price: SFL is more volatile than 90% of Italian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SFL's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
18785,086Angelo Trocchiahttps://www.safilogroup.com

Safilo Group S.p.A. engages in the design, production, retail distribution, and wholesale of products for the eyewear market in North America, Europe, the Asia Pacific, and internationally. The company operates through Wholesale and Retail segments. Its brand portfolio comprises a set of own branded products, such as optical frames, sunglasses, sports goggles, and helmets, as well as licensed brands comprising prescription frames and sunglasses.

Safilo Group Fundamentals Summary

How do Safilo Group's earnings and revenue compare to its market cap?
SFL fundamental statistics
Market Cap€414.66m
Earnings (TTM)€7.33m
Revenue (TTM)€955.43m

55.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SFL income statement (TTM)
Revenue€955.43m
Cost of Revenue€467.11m
Gross Profit€488.32m
Expenses€480.99m
Earnings€7.33m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 09, 2021

Earnings per share (EPS)0.027
Gross Margin51.11%
Net Profit Margin0.77%
Debt/Equity Ratio128.3%

How did SFL perform over the long term?

See historical performance and comparison

Valuation

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

37.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SFL (€1.5) is trading below our estimate of fair value (€2.34)

Significantly Below Fair Value: SFL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SFL is poor value based on its PE Ratio (56.5x) compared to the Italian Luxury industry average (35.1x).

PE vs Market: SFL is poor value based on its PE Ratio (56.5x) compared to the Italian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: SFL is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: SFL is overvalued based on its PB Ratio (2.6x) compared to the IT Luxury industry average (1.7x).


Future Growth

How is Safilo Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

78.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SFL's forecast earnings growth (78.3% per year) is above the savings rate (1.8%).

Earnings vs Market: SFL's earnings (78.3% per year) are forecast to grow faster than the Italian market (11.6% per year).

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

Revenue vs Market: SFL's revenue (3.8% per year) is forecast to grow faster than the Italian market (2.1% per year).

High Growth Revenue: SFL's revenue (3.8% 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 (12.3%).


Past Performance

How has Safilo Group performed over the past 5 years?

7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SFL has a large one-off loss of €26.0M impacting its June 30 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 7.4% 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 (48.8%).


Return on Equity

High ROE: SFL's Return on Equity (3.5%) is considered low.


Financial Health

How is Safilo Group's financial position?


Financial Position Analysis

Short Term Liabilities: SFL's short term assets (€563.1M) exceed its short term liabilities (€340.2M).

Long Term Liabilities: SFL's short term assets (€563.1M) exceed its long term liabilities (€397.8M).


Debt to Equity History and Analysis

Debt Level: SFL's debt to equity ratio (128.3%) is considered high.

Reducing Debt: SFL's debt to equity ratio has increased from 16.7% to 128.3% over the past 5 years.

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

Interest Coverage: SFL's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

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


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.


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 SFL'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?

0.7yrs

Average management tenure


CEO

Angelo Trocchia (58 yo)

3.5yrs

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 ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: SFL's board of directors are considered experienced (3.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


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
  • Market Cap: €414.659m
  • Shares outstanding: 275.70m
  • 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 Analysis2021/10/25 17:59
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.