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Life Care Capital

BIT:LCC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LCC
BIT
€134M
Market Cap
  1. Home
  2. IT
  3. Diversified Financials
Company description

Life Care Capital S.p.A. operates as a special purpose acquisition company focusing on the health and life care sector in Italy. The last earnings update was 37 days ago. More info.


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LCC Share Price and Events
7 Day Returns
0%
BIT:LCC
3.8%
IT Capital Markets
0.8%
IT Market
1 Year Returns
-3.3%
BIT:LCC
-11.6%
IT Capital Markets
-7.4%
IT Market
LCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Life Care Capital (LCC) 0% -0.9% 1.6% -3.3% - -
IT Capital Markets 3.8% 8.7% 28.9% -11.6% -29.5% -37.3%
IT Market 0.8% 2.3% 10.2% -7.4% -8.7% -34%
1 Year Return vs Industry and Market
  • LCC outperformed the Capital Markets industry which returned -11.6% over the past year.
  • LCC outperformed the Market in Italy which returned -7.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Life Care Capital. This is due to cash flow or dividend data being unavailable. The share price is €9.4.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Life Care Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Life Care Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:LCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR Not available
BIT:LCC Share Price ** BIT (2019-04-18) in EUR €9.4
Italy Capital Markets Industry PE Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 17.18x
Italy Market PE Ratio Median Figure of 240 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Life Care Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Life Care Capital, we can't compare the value of its earnings to the Italy market.
Price based on expected Growth
Does Life Care Capital's expected growth come at a high price?
Raw Data
BIT:LCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Capital Markets Industry PEG Ratio Median Figure of 56 Publicly-Listed Capital Markets Companies 1.4x
Italy Market PEG Ratio Median Figure of 159 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Life Care Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Life Care Capital's assets?
Raw Data
BIT:LCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR Not available
BIT:LCC Share Price * BIT (2019-04-18) in EUR €9.4
Italy Capital Markets Industry PB Ratio Median Figure of 12 Publicly-Listed Capital Markets Companies 1.03x
Italy Market PB Ratio Median Figure of 313 Publicly-Listed Companies 1.54x
BIT:LCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:LCC Share Price ÷ Book Value per Share (both in EUR)

= 9.4 ÷ 9.99

0.94x

* Primary Listing of Life Care Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Life Care Capital is good value based on assets compared to the IT Capital Markets industry average.
X
Value checks
We assess Life Care Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Life Care Capital has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Life Care Capital expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Life Care Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Life Care Capital expected to grow at an attractive rate?
  • Unable to compare Life Care Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Life Care Capital's earnings growth to the Italy market average as no estimate data is available.
  • Unable to compare Life Care Capital's revenue growth to the Italy market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BIT:LCC Future Growth Rates Data Sources
Data Point Source Value (per year)
Italy Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Italy Market Earnings Growth Rate Market Cap Weighted Average 10.8%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:LCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:LCC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Life Care Capital is high growth as no earnings estimate data is available.
  • Unable to determine if Life Care Capital is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:LCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Life Care Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:LCC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Life Care Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Life Care Capital's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Life Care Capital's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Life Care Capital's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Life Care Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Life Care Capital has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Life Care Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Life Care Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Life Care Capital does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Life Care Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Life Care Capital's 1-year growth to the IT Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Life Care Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Life Care Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:LCC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -0.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Life Care Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Life Care Capital has efficiently used its assets last year compared to the IT Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Life Care Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Life Care Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Life Care Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Life Care Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Life Care Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Life Care Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Life Care Capital has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Life Care Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Life Care Capital has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Life Care Capital Company Filings, last reported 3 months ago.

BIT:LCC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 142.82 0.00 141.67
  • Life Care Capital has no debt.
  • Life Care Capital has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Life Care Capital has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Life Care Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Life Care Capital has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Life Care Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Life Care Capital dividends.
If you bought €2,000 of Life Care Capital shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Life Care Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Life Care Capital's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:LCC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Italy Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 6.8%
Italy Market Average Dividend Yield Market Cap Weighted Average of 183 Stocks 4%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.2%
Italy Bottom 25% Dividend Yield 25th Percentile 1.9%
Italy Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Life Care Capital has not reported any payouts.
  • Unable to verify if Life Care Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Life Care Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Life Care Capital has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Life Care Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Life Care Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Life Care Capital has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alessandra Gavirati
AGE 50
CEO Bio

Ms. Alessandra Gavirati is a Partner at IPEF IV LP and IPEF III. Ms. Gavirati is Chief Executive Officer and Director of Life Care Capital S.p.A. Ms. Gavirati has been a Partner of Synergo SGR SpA since 2012. She serves as a Director of Eagle Pictures, Arena Distribution S.A and CastFutura. Ms. Gavirati served as Partner at BS Private Equity since 2002 until 2011 and served as its Investment Manager from 2000 and 2002. Ms. Gavirati joined Radici Film in 2003 and Arena in 2006. She has also managed the acquisition and divestiture of Radici Film, alongwith divestiture of Eagle Pictures. Ms. Gavirati served as the Controller of SoPaF SpA from 1995 to 1998 and its Senior Analyst of the private equity division from 1998 to 2000. She served Mediacontech S.p.A. Ms. Gavirati served as a Director of Taghleef Industries S.p.A. and Sodalco SpA. Ms. Gavirati received a degree in Economics and social studies from Bocconi University, Milan.

CEO Compensation
  • Insufficient data for Alessandra to compare compensation growth.
  • Insufficient data for Alessandra to establish whether their remuneration is reasonable compared to companies of similar size in Italy.
Management Team

Alessandra Gavirati

TITLE
CEO & Director
AGE
50
Board of Directors

Alessandra Gavirati

TITLE
CEO & Director
AGE
50

Franco Moscetti

TITLE
President of Scientific Advisory Board
AGE
67

Fioranna Negri

TITLE
Chairman of the Board of Statutory Auditors
AGE
60

Carlo Rosa

TITLE
Member of Scientific Advisory Board
AGE
52

Alessandro Piga

TITLE
Director
AGE
54

Marco Elefanti

TITLE
Member of Scientific Advisory Board

Luigi Colombo

TITLE
Member of Scientific Advisory Board

Luigi Sala

TITLE
Director
AGE
61

Rodrigo Bianchi

TITLE
Member of Scientific Advisory Board
AGE
58

Alberto Dalmasso

TITLE
Independent Director
AGE
34
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Life Care Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Life Care Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Life Care Capital S.p.A. operates as a special purpose acquisition company focusing on the health and life care sector in Italy. It primarily focuses on targeting unlisted medium-sized Italian companies. The company is based in Milan, Italy.

Details
Name: Life Care Capital S.p.A.
LCC
Exchange: BIT
Founded:
€134,420,000
14,300,000
Website: http://www.lifecarecapital.com
Address: Life Care Capital S.p.A.
Corso Italia 22,
Milan,
20122,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT LCC Ordinary Shares Borsa Italiana IT EUR 07. Mar 2018
Number of employees
Current staff
Staff numbers
0
Life Care Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:47
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.