BIT:TOD

Stock Analysis Report

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Executive Summary

TOD'S S.p.A., together with its subsidiaries, creates, produces, and distributes shoes, leather goods and accessories, and apparel in Italy, Europe, the Americas, Greater China, and internationally. More Details


Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.0%

TOD

2.6%

IT Luxury

-0.5%

IT Market


1 Year Return

-49.0%

TOD

-8.7%

IT Luxury

-16.1%

IT Market

Return vs Industry: TOD underperformed the Italian Luxury industry which returned -8.7% over the past year.

Return vs Market: TOD underperformed the Italian Market which returned -16.1% over the past year.


Shareholder returns

TODIndustryMarket
7 Day-2.0%2.6%-0.5%
30 Day-12.2%6.4%-0.06%
90 Day-10.7%10.4%-4.1%
1 Year-49.0%-49.0%-8.7%-8.7%-14.0%-16.1%
3 Year-60.0%-61.9%-9.4%-14.2%-13.1%-21.1%
5 Year-68.4%-71.8%-1.0%-12.8%-7.7%-28.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is TOD'S undervalued compared to its fair value and its price relative to the market?

22.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TOD (€21.54) is trading below our estimate of fair value (€27.88)

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


Price To Earnings Ratio

PE vs Industry: TOD is unprofitable, so we can't compare its PE Ratio to the IT Luxury industry average.

PE vs Market: TOD is unprofitable, so we can't compare its PE Ratio to the Italian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TOD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TOD is good value based on its PB Ratio (0.7x) compared to the IT Luxury industry average (1x).


Next Steps

Future Growth

How is TOD'S forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

82.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOD is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TOD is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TOD is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TOD's revenue (11.3% per year) is forecast to grow faster than the Italian market (3.3% per year).

High Growth Revenue: TOD's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOD is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has TOD'S performed over the past 5 years?

-30.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOD is currently unprofitable.

Growing Profit Margin: TOD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TOD is unprofitable, and losses have increased over the past 5 years at a rate of 30.7% per year.

Accelerating Growth: Unable to compare TOD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TOD is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-38.8%).


Return on Equity

High ROE: TOD has a negative Return on Equity (-2.92%), as it is currently unprofitable.


Next Steps

Financial Health

How is TOD'S's financial position?


Financial Position Analysis

Short Term Liabilities: TOD's short term assets (€1.1B) exceed its short term liabilities (€361.9M).

Long Term Liabilities: TOD's short term assets (€1.1B) exceed its long term liabilities (€939.2M).


Debt to Equity History and Analysis

Debt Level: TOD's debt to equity ratio (66.6%) is considered high.

Reducing Debt: TOD's debt to equity ratio has increased from 12.6% to 66.6% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if TOD's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is TOD'S current dividend yield, its reliability and sustainability?

0.77%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: TOD is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TOD'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?

€1m

CEO Compensation


CEO

Umberto di Cellere (56 yo)

no data

Tenure

€1,077,900

Compensation

Umberto Macchi di Cellere has been Director of Tod's SpA since April 2018 and serves as its Chief Executive Officer.


CEO Compensation Analysis

Compensation vs Market: Umberto's total compensation ($USD1.28M) is about average for companies of similar size in the Italian market ($USD1.35M).

Compensation vs Earnings: Umberto's compensation has increased whilst the company is unprofitable.


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

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


Key Information

  • Name: TOD'S S.p.A.
  • Ticker: TOD
  • Exchange: BIT
  • Founded:
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: €712.835m
  • Shares outstanding: 33.09m
  • Website: https://www.todsgroup.com

Number of Employees


Location

  • TOD'S S.p.A.
  • Via Filippo Della Valle, 1
  • Sant'Elpidio a Mare
  • Ascoli Piceno
  • 63811
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TODG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2000
TOBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2000
TODBIT (Borsa Italiana)YesOrdinary SharesITEURNov 2000
0NV4LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2000
TODMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2000
TDPA.YOTCPK (Pink Sheets LLC)ADS REP 1/10SHUSUSDMay 2012

Biography

TOD'S S.p.A., together with its subsidiaries, creates, produces, and distributes shoes, leather goods and accessories, and apparel in Italy, Europe, the Americas, Greater China, and internationally. The co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 21:40
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.