Davide Campari-Milano
Market Cap
€7.5b
Last Updated
2020/03/31 20:57 UTC
Data Sources
Company Financials +
Executive Summary
Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Davide Campari-Milano's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CPR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.4%
CPR
-0.7%
IT Beverage
-2.0%
IT Market
1 Year Return
-24.6%
CPR
-30.0%
IT Beverage
-25.8%
IT Market
Return vs Industry: CPR exceeded the Italian Beverage industry which returned -29.8% over the past year.
Return vs Market: CPR matched the Italian Market which returned -24.5% over the past year.
Shareholder returns
| CPR | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -0.7% | -2.0% |
| 30 Day | -13.1% | -18.1% | -21.9% |
| 90 Day | -19.5% | -30.5% | -29.0% |
| 1 Year | -24.2%-24.6% | -28.6%-30.0% | -22.5%-25.8% |
| 3 Year | 22.5%20.0% | -23.6%-28.3% | -13.2%-21.9% |
| 5 Year | 97.3%88.9% | -20.5%-28.9% | -24.8%-50.9% |
Price Volatility Vs. Market
How volatile is Davide Campari-Milano's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Should You Be Happy With Davide Campari-Milano S.p.A.'s (BIT:CPR) 4.1% Earnings Growth?2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Davide Campari-Milano S.p.A.'s (BIT:CPR) P/E Ratio4 weeks ago | Simply Wall St
Does This Valuation Of Davide Campari-Milano S.p.A. (BIT:CPR) Imply Investors Are Overpaying?Valuation
Is Davide Campari-Milano undervalued compared to its fair value and its price relative to the market?
24.3x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CPR (€6.55) is trading above our estimate of fair value (€5.29)
Significantly Below Fair Value: CPR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CPR is poor value based on its PE Ratio (24.3x) compared to the Beverage industry average (17x).
PE vs Market: CPR is poor value based on its PE Ratio (24.3x) compared to the Italian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: CPR is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: CPR is overvalued based on its PB Ratio (3.1x) compared to the XE Beverage industry average (1.7x).
Next Steps
Future Growth
How is Davide Campari-Milano forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
5.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CPR's forecast earnings growth (5.7% per year) is above the savings rate (1.2%).
Earnings vs Market: CPR's earnings (5.7% per year) are forecast to grow slower than the Italian market (11.4% per year).
High Growth Earnings: CPR's earnings are forecast to grow, but not significantly.
Revenue vs Market: CPR's revenue (5.1% per year) is forecast to grow faster than the Italian market (0.1% per year).
High Growth Revenue: CPR's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CPR's Return on Equity is forecast to be low in 3 years time (11.7%).
Next Steps
Past Performance
How has Davide Campari-Milano performed over the past 5 years?
18.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CPR has high quality earnings.
Growing Profit Margin: CPR's current net profit margins (16.7%) are lower than last year (17.3%).
Past Earnings Growth Analysis
Earnings Trend: CPR's earnings have grown by 18.7% per year over the past 5 years.
Accelerating Growth: CPR's earnings growth over the past year (4.1%) is below its 5-year average (18.7% per year).
Earnings vs Industry: CPR earnings growth over the past year (4.1%) exceeded the Beverage industry 3.3%.
Return on Equity
High ROE: CPR's Return on Equity (12.9%) is considered low.
Next Steps
Financial Health
How is Davide Campari-Milano's financial position?
Financial Position Analysis
Short Term Liabilities: CPR's short term assets (€1.7B) exceed its short term liabilities (€1.2B).
Long Term Liabilities: CPR's short term assets (€1.7B) exceed its long term liabilities (€1.3B).
Debt to Equity History and Analysis
Debt Level: CPR's debt to equity ratio (58.5%) is considered high.
Reducing Debt: CPR's debt to equity ratio has reduced from 79.7% to 58.5% over the past 5 years.
Debt Coverage: CPR's debt is well covered by operating cash flow (26%).
Interest Coverage: CPR's interest payments on its debt are well covered by EBIT (12.7x coverage).
Balance Sheet
Inventory Level: CPR has a high level of physical assets or inventory.
Debt Coverage by Assets: CPR's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Davide Campari-Milano's current dividend yield, its reliability and sustainability?
0.84%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CPR's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.48%).
High Dividend: CPR's dividend (0.84%) is low compared to the top 25% of dividend payers in the Italian market (5.86%).
Stability and Growth of Payments
Stable Dividend: CPR is not paying a notable dividend for the Italian market, therefore no need to check if payments are stable.
Growing Dividend: CPR is not paying a notable dividend for the Italian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CPR is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CPR'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?
2.2yrs
Average management tenure
CEO
Bob Kunze-Concewitz (52yo)
1.17s
Tenure
€4,229,945
Compensation
Mr. Robert Kunze-Concew, also known as Bob, has been Chief Executive Officer of Austin, Nichols Distilling Co., Inc. since May 2007. Mr. Kunze-Concew has been Chief Executive Officer of Davide Campari - Mi ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD3.24M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 1.17yrs | €4.23m | no data | |
| MD, CFO & Executive Director | 9.83yrs | €2.62m | no data | |
| no data | no data | no data | ||
| Statutory Auditor | 1.17yrs | no data | no data | |
| Head of IT | 3.42yrs | no data | no data | |
| Group General Counsel | 0.83yr | no data | no data | |
| Group Head of Marketing | 0.17yr | no data | no data | |
| Head of Group Human Resources | 4.17yrs | no data | no data | |
| Managing Director of Southern Europe | 1.17yrs | no data | no data | |
| Managing Director Northern | 9.17yrs | no data | no data |
2.2yrs
Average Tenure
52yo
Average Age
Experienced Management: CPR's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 1.17yrs | €4.23m | no data | |
| MD, CFO & Executive Director | 9.83yrs | €2.62m | no data | |
| Group General Counsel | 0.83yr | no data | no data | |
| Non-Executive Chairman | 25.42yrs | €1.83m | no data | |
| Honorary Chairman | no data | €25.00k | no data | |
| Independent Director | 3.83yrs | no data | no data | |
| Director | 9.83yrs | €62.50k | no data | |
| Independent Director | 3.83yrs | no data | no data | |
| Chairman of Board of Statutory Auditors | 1.17yrs | no data | no data | |
| Director | 0.83yr | no data | no data |
3.8yrs
Average Tenure
52yo
Average Age
Experienced Board: CPR's board of directors are considered experienced (3.8 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
Davide Campari-Milano S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Davide Campari-Milano S.p.A.
- Ticker: CPR
- Exchange: BIT
- Founded: 1860
- Industry: Distillers and Vintners
- Sector: Food, Beverage & Tobacco
- Market Cap: €7.519b
- Shares outstanding: 1.15b
- Website: https://www.camparigroup.com
Number of Employees
Location
- Davide Campari-Milano S.p.A.
- Via Franco Sacchetti, 20
- Sesto San Giovanni
- Milan
- 20099
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CPR | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jul 2001 |
| DVDC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2001 |
| 0ROY | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jul 2001 |
| DVC3 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2001 |
| CPR | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jul 2001 |
| DVDC.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Apr 2004 |
Biography
Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific. Its product portfolio includes aperitifs, vodka, whisky, tequila, rum, gin, liqueurs, sparkling and still wines, and ready to drink products under approximately 50 brands, such as Aperol, Appleton Estate, Campari, SKYY, Wild Turkey, Grand Marnier, and other brands. The company was founded in 1860 and is headquartered in Sesto San Giovanni, Italy. Davide Campari-Milano S.p.A. is a subsidiary of Lagfin S.C.A., Société en Commandite par Actions.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 20:57 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.