Cerved Group S.p.A. provides information products and services for financial institutions, corporations, insurance companies, public administrations, professionals, and private customers in Italy and internationally. More Details
Mediocre balance sheet with limited growth.
Share Price & News
How has Cerved Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CERV is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: CERV's weekly volatility (1%) has been stable over the past year.
7 Day Return
IT Diversified Financial
1 Year Return
IT Diversified Financial
Return vs Industry: CERV underperformed the Italian Diversified Financial industry which returned 36.8% over the past year.
Return vs Market: CERV exceeded the Italian Market which returned 23.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Cerved Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StCould The Cerved Group S.p.A. (BIT:CERV) Ownership Structure Tell Us Something Useful?
5 months ago | Simply Wall StHow Much Did Cerved Group's(BIT:CERV) Shareholders Earn From Share Price Movements Over The Last Three Years?
8 months ago | Simply Wall StCerved Group S.p.A. (BIT:CERV) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Is Cerved Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CERV (€9.94) is trading above our estimate of fair value (€7.99)
Significantly Below Fair Value: CERV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CERV is poor value based on its PE Ratio (65.9x) compared to the Italian Diversified Financial industry average (39.3x).
PE vs Market: CERV is poor value based on its PE Ratio (65.9x) compared to the Italian market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: CERV is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: CERV is overvalued based on its PB Ratio (3.7x) compared to the IT Diversified Financial industry average (2.1x).
How is Cerved Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CERV's forecast earnings growth (19.8% per year) is above the savings rate (1.8%).
Earnings vs Market: CERV's earnings (19.8% per year) are forecast to grow faster than the Italian market (15.3% per year).
High Growth Earnings: CERV's earnings are forecast to grow, but not significantly.
Revenue vs Market: CERV's revenue (2.7% per year) is forecast to grow slower than the Italian market (2.9% per year).
High Growth Revenue: CERV's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CERV's Return on Equity is forecast to be low in 3 years time (19.5%).
How has Cerved Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CERV has a large one-off loss of €23.0M impacting its March 31 2021 financial results.
Growing Profit Margin: CERV's current net profit margins (6%) are lower than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: CERV's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: CERV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CERV had negative earnings growth (-46.4%) over the past year, making it difficult to compare to the Diversified Financial industry average (-12.4%).
Return on Equity
High ROE: CERV's Return on Equity (6.1%) is considered low.
How is Cerved Group's financial position?
Financial Position Analysis
Short Term Liabilities: CERV's short term assets (€344.8M) exceed its short term liabilities (€236.1M).
Long Term Liabilities: CERV's short term assets (€344.8M) do not cover its long term liabilities (€742.6M).
Debt to Equity History and Analysis
Debt Level: CERV's debt to equity ratio (107.2%) is considered high.
Reducing Debt: CERV's debt to equity ratio has increased from 98.7% to 107.2% over the past 5 years.
Debt Coverage: CERV's debt is well covered by operating cash flow (23%).
Interest Coverage: CERV's interest payments on its debt are well covered by EBIT (4.4x coverage).
What is Cerved Group current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CERV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CERV'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 CERV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CERV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CERV is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CERV's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrea Mignanelli (52 yo)
Mr. Andrea Mignanelli had been the Chief Executive Officer at Cerved Group S.p.A. since April 19, 2019. He had been the Chief Executive Officer of Cerved Credit Management at Cerved Group Spa since Septemb...
CEO Compensation Analysis
Compensation vs Market: Andrea's total compensation ($USD1.01M) is about average for companies of similar size in the Italian market ($USD1.16M).
Compensation vs Earnings: Andrea's compensation has been consistent with company performance over the past year.
Experienced Management: CERV's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: CERV's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cerved Group S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Cerved Group S.p.A.
- Ticker: CERV
- Exchange: BIT
- Founded: 1974
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: €1.900b
- Shares outstanding: 191.13m
- Website: https://company.cerved.com
Number of Employees
- Cerved Group S.p.A.
- Via dell’Unione Europea n. 6/A-6/B
- San Donato Milanese
Cerved Group S.p.A. provides information products and services for financial institutions, corporations, insurance companies, public administrations, professionals, and private customers in Italy and inter...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/27 22:16|
|End of Day Share Price||2021/07/27 00:00|
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.