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ORS

Orsero BIT:ORS Stock Report

Last Price

€15.90

Market Cap

€273.6m

7D

6.3%

1Y

68.1%

Updated

09 Aug, 2022

Data

Company Financials +
ORS fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends3/6

ORS Stock Overview

Orsero S.p.A. imports and distributes fruits and vegetables in Europe, Latin America, and North America.

Orsero Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Orsero
Historical stock prices
Current Share Price€15.90
52 Week High€16.40
52 Week Low€9.18
Beta0.74
1 Month Change19.37%
3 Month Change46.68%
1 Year Change68.08%
3 Year Change114.87%
5 Year Change21.37%
Change since IPO62.74%

Recent News & Updates

Shareholder Returns

ORSIT Consumer RetailingIT Market
7D6.3%-0.9%1.0%
1Y68.1%-16.6%-15.3%

Return vs Industry: ORS exceeded the Italian Consumer Retailing industry which returned -16.6% over the past year.

Return vs Market: ORS exceeded the Italian Market which returned -15.3% over the past year.

Price Volatility

Is ORS's price volatile compared to industry and market?
ORS volatility
ORS Average Weekly Movement4.9%
Consumer Retailing Industry Average Movement5.1%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.8%
10% least volatile stocks in IT Market3.2%

Stable Share Price: ORS is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ORS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a1,674Raffaella Orserohttps://www.orserogroup.it

Orsero S.p.A. imports and distributes fruits and vegetables in Europe, Latin America, and North America. It also produces bananas and pineapples, citrus fruits, apples, melons, and pears, as well as exotic fruits and vegetables under the F.lli Orsero brand name. Orsero S.p.A. is headquartered in Milan, Italy.

Orsero Fundamentals Summary

How do Orsero's earnings and revenue compare to its market cap?
ORS fundamental statistics
Market Cap€273.56m
Earnings (TTM)€21.49m
Revenue (TTM)€1.09b

12.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORS income statement (TTM)
Revenue€1.09b
Cost of Revenue€995.10m
Gross Profit€98.41m
Other Expenses€76.92m
Earnings€21.49m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Sep 12, 2022

Earnings per share (EPS)1.25
Gross Margin9.00%
Net Profit Margin1.97%
Debt/Equity Ratio53.2%

How did ORS perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ORS 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/Revenue0.3x
Enterprise Value/EBITDA7.4x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

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

ORS PE Ratio vs Peers
The above table shows the PE ratio for ORS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.9x
MARR MARR
19.5x20.7%€867.5m
FISH FKS Multi Agro
7.8xn/aRp3.4t
ICESEA Iceland Seafood International hf
34.1xn/aKr25.8b
WILC G. Willi-Food International
18.2xn/aUS$210.8m
ORS Orsero
12.7x16.6%€273.6m

Price-To-Earnings vs Peers: ORS is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (19.9x).


Price to Earnings Ratio vs Industry

How does ORS's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

Price-To-Earnings vs Industry: ORS is good value based on its Price-To-Earnings Ratio (12.7x) compared to the European Consumer Retailing industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is ORS'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.

ORS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: ORS is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).


Share Price vs Fair Value

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

Below Fair Value: ORS (€15.9) is trading below our estimate of fair value (€38.17)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORS's forecast earnings growth (16.6% per year) is above the savings rate (1.7%).

Earnings vs Market: ORS's earnings (16.6% per year) are forecast to grow faster than the Italian market (8.7% per year).

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

Revenue vs Market: ORS's revenue (2% per year) is forecast to grow faster than the Italian market (-0.3% per year).

High Growth Revenue: ORS's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ORS's Return on Equity is forecast to be low in 3 years time (15.5%).


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Past Performance

How has Orsero performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ORS has high quality earnings.

Growing Profit Margin: ORS's current net profit margins (2%) are higher than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: ORS's earnings have grown by 15.4% per year over the past 5 years.

Accelerating Growth: ORS's earnings growth over the past year (39.8%) exceeds its 5-year average (15.4% per year).

Earnings vs Industry: ORS earnings growth over the past year (39.8%) exceeded the Consumer Retailing industry 25.2%.


Return on Equity

High ROE: ORS's Return on Equity (11.8%) is considered low.


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Financial Health

How is Orsero's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ORS's short term assets (€249.7M) exceed its short term liabilities (€197.1M).

Long Term Liabilities: ORS's short term assets (€249.7M) exceed its long term liabilities (€115.1M).


Debt to Equity History and Analysis

Debt Level: ORS's net debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: ORS's debt to equity ratio has reduced from 90.4% to 53.2% over the past 5 years.

Debt Coverage: ORS's debt is well covered by operating cash flow (62.9%).

Interest Coverage: ORS's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.89%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ORS's dividend (1.89%) is higher than the bottom 25% of dividend payers in the Italian market (1.65%).

High Dividend: ORS's dividend (1.89%) is low compared to the top 25% of dividend payers in the Italian market (5.24%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ORS has been paying a dividend for less than 10 years.

Growing Dividend: ORS's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.4%), ORS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (16.6%), ORS's dividend payments are well covered by cash flows.


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Management

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

6.5yrs

Average management tenure


CEO

Raffaella Orsero (56 yo)

5.5yrs

Tenure

Ms. Raffaella Orsero has been Deputy Chair Woman, Chief Executive Officer and Managing Director of Orsero SpA since February 2017. Ms. Orsero served as the Chief Executive Officer of GF Group SPA from 2013...


Leadership Team

Experienced Management: ORS's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: ORS's board of directors are considered experienced (4.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Orsero S.p.A.
  • Ticker: ORS
  • Exchange: BIT
  • Founded: NaN
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Implied Market Cap: €273.559m
  • Shares outstanding: 17.20m
  • Website: https://www.orserogroup.it

Number of Employees


Location

  • Orsero S.p.A.
  • Via Gaudenzio Fantoli no. 6/15
  • Milan
  • Milan
  • 20138
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/03/31
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.