BIT:TGYM

Stock Analysis Report

Executive Summary

Technogym S.p.A., a wellness company, designs, manufactures, and sells fitness equipment worldwide.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.3%

TGYM

1.5%

IT Leisure

0.1%

IT Market


1 Year Return

-3.5%

TGYM

9.0%

IT Leisure

0.1%

IT Market

TGYM underperformed the Leisure industry which returned 9.7% over the past year.

TGYM underperformed the Market in Italy which returned -0.3% over the past year.


Share holder returns

TGYMIndustryMarket
7 Day1.3%1.5%0.1%
30 Day9.1%4.2%6.0%
90 Day1.2%-2.3%1.6%
1 Year-1.8%-3.5%11.4%9.0%4.5%0.1%
3 Year140.3%131.9%68.3%55.3%30.1%12.4%
5 Yearn/a112.6%88.8%14.8%-30.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Technogym undervalued based on future cash flows and its price relative to the stock market?

24.81x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Technogym's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Technogym's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Technogym is overvalued based on earnings compared to the Europe Leisure industry average.

Technogym is overvalued based on earnings compared to the Italy market.


Price Based on Expected Growth

Technogym is poor value based on expected growth next year.


Price Based on Value of Assets

Technogym is overvalued based on assets compared to the Europe Leisure industry average.


Next Steps

Future Growth

How is Technogym expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Technogym's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).

Technogym's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).

Technogym's revenue growth is expected to exceed the Italy market average.

Technogym's earnings growth is positive but not above the Italy market average.

Technogym's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Technogym is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Technogym performed over the past 5 years?

36.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Technogym has delivered over 20% year on year earnings growth in the past 5 years.

Technogym's 1-year earnings growth is less than its 5-year average (1.2% vs 36.7%)

Technogym's earnings growth has not exceeded the Europe Leisure industry average in the past year (1.2% vs 9%).


Return on Equity

Technogym made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).


Return on Assets

Technogym used its assets more efficiently than the Europe Leisure industry average last year based on Return on Assets.


Return on Capital Employed

Technogym's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Technogym's financial position?


Financial Position Analysis

Technogym is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Technogym's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Technogym's level of debt (52.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (1726.6% vs 52.7% today).

Debt is well covered by operating cash flow (103.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 127x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3x debt.


Next Steps

Dividend

What is Technogym's current dividend yield, its reliability and sustainability?

1.82%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Technogym's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (1.99%).

Technogym's dividend is below the markets top 25% of dividend payers in Italy (4.34%).

Whilst dividend payments have been stable, Technogym has been paying a dividend for less than 10 years.

Dividend payments have increased, but Technogym only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).


Next Steps

Management

What is the CEO of Technogym's salary, the management and board of directors tenure and is there insider trading?

€2m

CEO Compensation


CEO

Nerio Alessandri (58yo)

0yrs

Tenure

€1,520,546

Compensation

Mr. Nerio Alessandri serves as the Chairman and Chief Executive Officer of Technogym S.p.A. which he founded in 1983 and is its President. Mr. Alessandri has been an Independent Director of Moncler S.p.A.  ...


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Sell€144,200,00311 Apr 19
Wellness Holding Srl
EntityCompany
Shares14,000,000
Max Price€10.30

Ownership Breakdown


Management Team

  • Nerio Alessandri (58yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: €1.52m
  • Carlo Capelli (57yo)

    Head of Investor Relations & Executive Director

    • Tenure: 0yrs
    • Compensation: €17.35k
  • Pierluigi Alessandri

    Deputy Chairman

    • Tenure: 0yrs
    • Compensation: €520.55k

Board Members

  • Maria La Manna (55yo)

    Lead Independent Director

    • Tenure: 0yrs
  • Nerio Alessandri (58yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: €1.52m
  • Maurizio Cereda (55yo)

    Director

    • Tenure: 0yrs
  • Riccardo Pinza

    Director

    • Tenure: 0yrs
    • Compensation: €15.60k
  • Carlo Capelli (57yo)

    Head of Investor Relations & Executive Director

    • Tenure: 0yrs
    • Compensation: €17.35k
  • Vincenzo Giannelli

    Director

    • Tenure: 0yrs
  • Francesca Bellettini

    Director

    • Tenure: 0yrs
  • Pierluigi Alessandri

    Deputy Chairman

    • Tenure: 0yrs
    • Compensation: €520.55k
  • Erica Alessandri

    Director

    • Tenure: 0yrs
  • Claudia Costanza

    Chair of the Board of Statutory Auditors

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Technogym S.p.A.
  • Ticker: TGYM
  • Exchange: BIT
  • Founded: 1983
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: €2.000b
  • Shares outstanding: 201.01m
  • Website: https://www.technogym.com

Number of Employees


Location

  • Technogym S.p.A.
  • Via Calcinaro, 2861
  • Cesena
  • Forlì
  • 47521
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TGYMBIT (Borsa Italiana)YesCommon StockITEURMay 2016
TN2DB (Deutsche Boerse AG)YesCommon StockDEEURMay 2016
0RG1LSE (London Stock Exchange)YesCommon StockGBEURMay 2016
TCCH.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2016

Biography

Technogym S.p.A., a wellness company, designs, manufactures, and sells fitness equipment worldwide. The company offers a range of wellness, physical exercise, and rehabilitation solutions. Its products inc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 21:33
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.