BIT:CPR

Stock Analysis Report

Executive Summary

Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in the Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific.

Snowflake

Fundamentals

Moderate growth potential 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


Market Performance


7 Day Return

-3.8%

BIT:CPR

-1.0%

IT Beverage

0.0007%

IT Market


1 Year Return

10.9%

BIT:CPR

15.7%

IT Beverage

0.6%

IT Market

CPR underperformed the Beverage industry which returned 16.3% over the past year.

CPR outperformed the Market in Italy which returned 2.1% over the past year.


Share holder returns

CPRIndustryMarket
7 Day-3.8%-1.0%0.0007%
30 Day4.0%-0.09%6.2%
90 Day-8.6%2.9%2.4%
1 Year11.5%10.9%18.0%15.7%5.0%0.6%
3 Year72.9%69.3%16.6%9.2%30.8%12.7%
5 Year193.5%181.0%49.8%34.0%12.7%-31.5%

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

Valuation

Is Davide Campari-Milano undervalued based on future cash flows and its price relative to the stock market?

34.38x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Davide Campari-Milano's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Davide Campari-Milano's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Davide Campari-Milano is overvalued based on earnings compared to the Europe Beverage industry average.

Davide Campari-Milano is overvalued based on earnings compared to the Italy market.


Price Based on Expected Growth

Davide Campari-Milano is poor value based on expected growth next year.


Price Based on Value of Assets

Davide Campari-Milano is overvalued based on assets compared to the Europe Beverage industry average.


Next Steps

Future Growth

How is Davide Campari-Milano expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Davide Campari-Milano's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).

Davide Campari-Milano's earnings are expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).

Davide Campari-Milano's revenue growth is expected to exceed the Italy market average.

Davide Campari-Milano's earnings growth is expected to exceed the Italy market average.

Davide Campari-Milano's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Davide Campari-Milano is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Davide Campari-Milano performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Davide Campari-Milano has delivered over 20% year on year earnings growth in the past 5 years.

Davide Campari-Milano's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Davide Campari-Milano's 1-year earnings growth is negative, it can't be compared to the Europe Beverage industry average.


Return on Equity

Davide Campari-Milano has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Davide Campari-Milano used its assets more efficiently than the Europe Beverage industry average last year based on Return on Assets.


Return on Capital Employed

Davide Campari-Milano has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Davide Campari-Milano's financial position?


Financial Position Analysis

Davide Campari-Milano is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Davide Campari-Milano's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Davide Campari-Milano's level of debt (73.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (99.3% vs 73.2% today).

Debt is not well covered by operating cash flow (18.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 13.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

What is Davide Campari-Milano's current dividend yield, its reliability and sustainability?

0.71%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Davide Campari-Milano's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.02%).

Davide Campari-Milano's dividend is below the markets top 25% of dividend payers in Italy (4.31%).

Davide Campari-Milano is not paying a notable dividend for Italy, therefore no need to check if the payments are stable.

Davide Campari-Milano is not paying a notable dividend for Italy, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Davide Campari-Milano's dividends as it is not paying a notable one for Italy.


Future Payout to Shareholders

No need to calculate the sustainability of Davide Campari-Milano's dividends in 3 years as they are not expected to pay a notable one for Italy.


Next Steps

Management

What is the CEO of Davide Campari-Milano's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Bob Kunze-Concewitz (52yo)

0.7yrs

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

Bob's remuneration is higher than average for companies of similar size in Italy.

Bob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.7yrs

Average Tenure

52.5yo

Average Age

The tenure for the Davide Campari-Milano management team is about average.


Board Age and Tenure

3.4yrs

Average Tenure

52yo

Average Age

The tenure for the Davide Campari-Milano board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Sell€1,086,25120 Nov 18
Luca Garavoglia
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares145,690
Max Price€7.57
Buy€1,081,06420 Nov 18
Luca Garavoglia
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares145,690
Max Price€7.74

Ownership Breakdown


Management Team

  • Paolo Marchesini (52yo)

    MD, CFO & Executive Director

    • Tenure: 9.4yrs
    • Compensation: €2.62m
  • Bob Kunze-Concewitz (52yo)

    MD, CEO & Executive Director

    • Tenure: 0.7yrs
    • Compensation: €4.23m
  • Gaspare Campari

    • Tenure: 0yrs
  • Franco Peroni (53yo)

    Managing Director Asia-Pacific

    • Tenure: 6.2yrs
  • Giorgio Pivetta (58yo)

    Head of Group Human Resources

    • Tenure: 3.7yrs
  • Stefan Jensen (57yo)

    Head of Group Commercial Capabilities

    • Tenure: 10.4yrs
  • Fabio Di Fede (47yo)

    Group General Counsel

    • Tenure: 0.4yrs
  • Sascha Cumia (49yo)

    Managing Director of Southern Europe

    • Tenure: 0.7yrs
  • Cesare Vandini (56yo)

    Managing Director Northern

    • Tenure: 8.7yrs
  • Christopher Woods

    Head of IT

    • Tenure: 3yrs

Board Members

  • Luca Garavoglia (50yo)

    Non-Executive Chairman

    • Tenure: 25yrs
    • Compensation: €1.83m
  • Marco Perelli-Cippo

    Honorary Chairman

    • Tenure: 0yrs
    • Compensation: €25.00k
  • Paolo Marchesini (52yo)

    MD, CFO & Executive Director

    • Tenure: 9.4yrs
    • Compensation: €2.62m
  • Catherine Yvonne Gérardin-Vautrin (60yo)

    Independent Director

    • Tenure: 3.4yrs
  • Bob Kunze-Concewitz (52yo)

    MD, CEO & Executive Director

    • Tenure: 0.7yrs
    • Compensation: €4.23m
  • Eugenio Barcellona

    Director

    • Tenure: 9.4yrs
    • Compensation: €62.50k
  • Fabio Di Fede (47yo)

    Group General Counsel

    • Tenure: 0.4yrs
  • Annalisa Loustau

    Independent Director

    • Tenure: 3.4yrs
  • Ines Gandini

    Chairman of Board of Statutory Auditors

    • Tenure: 0.7yrs
  • Alessandra Garavoglia

    Director

    • Tenure: 0.4yrs

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: €9.387b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPRBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2001
DVDC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2001
0ROYLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2001
DVC3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2001
CPRWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2001
DVDC.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDApr 2004

Biography

Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in the Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 20:46
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.