BIT:SL

Stock Analysis Report

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Executive Summary

Sanlorenzo S.p.A designs, builds, and sells boats and pleasure boats in Europe, APAC, the Americas, the Middle East, and Africa. More Details


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.2%

SL

0.9%

IT Leisure

-0.5%

IT Market


1 Year Return

n/a

SL

32.2%

IT Leisure

-16.1%

IT Market

Return vs Industry: Insufficient data to determine how SL performed against the Italian Leisure industry.

Return vs Market: Insufficient data to determine how SL performed against the Italian Market.


Shareholder returns

SLIndustryMarket
7 Day-4.2%0.9%-0.5%
30 Day6.1%7.7%-0.06%
90 Day3.9%14.1%-4.1%
1 Yearn/a33.5%32.2%-14.0%-16.1%
3 Yearn/a50.5%40.9%-13.1%-21.1%
5 Yearn/a139.5%108.8%-7.7%-28.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SL (€15.7) is trading above our estimate of fair value (€5.82)

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


Price To Earnings Ratio

PE vs Industry: SL is poor value based on its PE Ratio (20.1x) compared to the XE Leisure industry average (17.6x).

PE vs Market: SL is poor value based on its PE Ratio (20.1x) compared to the Italian market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: SL is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: SL is overvalued based on its PB Ratio (3.3x) compared to the XE Leisure industry average (2x).


Next Steps

Future Growth

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

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SL's forecast earnings growth (13.2% per year) is above the savings rate (2%).

Earnings vs Market: SL's earnings (13.2% per year) are forecast to grow slower than the Italian market (24.1% per year).

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

Revenue vs Market: SL's revenue (5.8% per year) is forecast to grow faster than the Italian market (3.3% per year).

High Growth Revenue: SL's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SL's Return on Equity is forecast to be low in 3 years time (17.2%).


Next Steps

Past Performance

How has Sanlorenzo performed over the past 5 years?

36.8%

Last years earnings growth


Earnings and Revenue History

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

Growing Profit Margin: SL's current net profit margins (5.4%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if SL's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare SL's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: SL earnings growth over the past year (36.8%) exceeded the Leisure industry -9.9%.


Return on Equity

High ROE: SL's Return on Equity (16.4%) is considered low.


Next Steps

Financial Health

How is Sanlorenzo's financial position?


Financial Position Analysis

Short Term Liabilities: SL's short term assets (€326.9M) exceed its short term liabilities (€265.6M).

Long Term Liabilities: SL's short term assets (€326.9M) exceed its long term liabilities (€55.4M).


Debt to Equity History and Analysis

Debt Level: SL's debt to equity ratio (63.5%) is considered high.

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

Debt Coverage: SL's debt is well covered by operating cash flow (36.6%).

Interest Coverage: SL's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Next Steps

Dividend

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

2.32%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SL'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 SL'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

Carla Demaria

no data

Tenure

Ms. Carla Demaria serves as the CEO, Executive Director and Managing Director at Sanlorenzo S.p.A. Ms. Demaria serves as the Chief Executive Officer of Monte Carlo Yachts at Beneteau SA. Ms. Demaria served ...


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: SL only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: Sanlorenzo S.p.A.
  • Ticker: SL
  • Exchange: BIT
  • Founded:
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: €541.650m
  • Shares outstanding: 34.50m
  • Website: https://www.sanlorenzoyacht.com

Number of Employees


Location

  • Sanlorenzo S.p.A.
  • Via Armezzone, 3
  • Ameglia
  • La Spezia
  • 19031
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6SZAMUN (Boerse Muenchen)YesShare CapitalDEEURDec 2019
SLBIT (Borsa Italiana)YesShare CapitalITEURDec 2019
SLMBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURDec 2019

Biography

Sanlorenzo S.p.A designs, builds, and sells boats and pleasure boats in Europe, APAC, the Americas, the Middle East, and Africa. The company operates through Yacht Division, and Superyacht Division. It als ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 21:41
End of Day Share Price2020/10/23 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.