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GPI

BIT:GPI
Snowflake Description

Adequate balance sheet and fair value.

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

GPI SpA operates in the healthcare and social services market in Italy and internationally. The last earnings update was 70 days ago. More info.


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GPI Share Price and Events
7 Day Returns
2.9%
BIT:GPI
1.9%
Europe Healthcare Services
0.7%
IT Market
1 Year Returns
-16.2%
BIT:GPI
13%
Europe Healthcare Services
-6.6%
IT Market
GPI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GPI (GPI) 2.9% -4.8% -5% -16.2% - -
Europe Healthcare Services 1.9% 2.2% 11.7% 13% 45.2% 114.9%
IT Market 0.7% -2.3% -3.3% -6.6% 9.2% -19.1%
1 Year Return vs Industry and Market
  • GPI underperformed the Healthcare Services industry which returned 13% over the past year.
  • GPI underperformed the Market in Italy which returned -6.6% over the past year.
Price Volatility
GPI
Industry
5yr Volatility vs Market
Related Companies

GPI Value

 Is GPI 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
Here we compare the current share price of GPI to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GPI.

BIT:GPI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.5%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:GPI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Healthcare Services Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 24%) (95.39%))
1.61
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.61
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.61 * 9.02%)
17.46%

Discounted Cash Flow Calculation for BIT:GPI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GPI is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:GPI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 17.46%)
2019 10.00 Analyst x1 8.51
2020 11.00 Analyst x1 7.97
2021 12.00 Analyst x1 7.41
2022 12.84 Est @ 6.97% 6.74
2023 13.58 Est @ 5.76% 6.07
2024 14.24 Est @ 4.91% 5.42
2025 14.86 Est @ 4.32% 4.82
2026 15.44 Est @ 3.9% 4.26
2027 16.00 Est @ 3.61% 3.76
2028 16.54 Est @ 3.41% 3.31
Present value of next 10 years cash flows €58.28
BIT:GPI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €16.54 × (1 + 2.93%) ÷ (17.46% – 2.93%)
€117.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €117.23 ÷ (1 + 17.46%)10
€23.45
BIT:GPI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €58.28 + €23.45
€81.73
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €81.73 / 15.84
€5.16
BIT:GPI Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.16
Current discount Discount to share price of €8.42
= -1 x (€8.42 - €5.16) / €5.16
-63.2%

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

  • The current share price of GPI is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 GPI's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GPI's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:GPI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.58
BIT:GPI Share Price ** BIT (2019-06-17) in EUR €8.42
Europe Healthcare Services Industry PE Ratio Median Figure of 21 Publicly-Listed Healthcare Services Companies 21.44x
Italy Market PE Ratio Median Figure of 240 Publicly-Listed Companies 15.76x

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

** Primary Listing of GPI.

BIT:GPI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:GPI Share Price ÷ EPS (both in EUR)

= 8.42 ÷ 0.58

14.52x

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

  • GPI is good value based on earnings compared to the Europe Healthcare Services industry average.
  • GPI is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does GPI's expected growth come at a high price?
Raw Data
BIT:GPI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
6.4%per year
Europe Healthcare Services Industry PEG Ratio Median Figure of 11 Publicly-Listed Healthcare Services Companies 2.68x
Italy Market PEG Ratio Median Figure of 161 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

BIT:GPI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.52x ÷ 6.4%

2.25x

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

  • GPI is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on GPI's assets?
Raw Data
BIT:GPI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.24
BIT:GPI Share Price * BIT (2019-06-17) in EUR €8.42
Europe Healthcare Services Industry PB Ratio Median Figure of 39 Publicly-Listed Healthcare Services Companies 2.67x
Italy Market PB Ratio Median Figure of 324 Publicly-Listed Companies 1.45x
BIT:GPI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.42 ÷ 4.24

1.99x

* Primary Listing of GPI.

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

  • GPI is good value based on assets compared to the Europe Healthcare Services industry average.
X
Value checks
We assess GPI'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 Healthcare Services 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 Healthcare Services industry average (and greater than 0)? (1 check)
  5. GPI has a total score of 3/6, 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.

GPI Future Performance

 How is GPI expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
6.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GPI expected to grow at an attractive rate?
  • GPI's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • GPI's earnings growth is positive but not above the Italy market average.
  • GPI's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:GPI Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:GPI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.4%
BIT:GPI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.6%
Europe Healthcare Services Industry Earnings Growth Rate Market Cap Weighted Average 14%
Europe Healthcare Services Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Italy Market Earnings Growth Rate Market Cap Weighted Average 9.2%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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:GPI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:GPI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 244 26 11 1
2020-12-31 242 25 10 2
2019-12-31 232 24 9 2
BIT:GPI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 204 14 9
2018-09-30 198 12 8
2018-06-30 192 8 7
2018-03-31 186 -2 8
2017-12-31 180 -10 8
2017-09-30 167 -2 7
2017-06-30 154 6 7
2017-03-31 145 5 6
2016-12-31 136 4 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GPI's earnings are expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
  • GPI's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
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:GPI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from GPI Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:GPI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.70 0.70 0.70 1.00
2020-12-31 0.73 0.83 0.63 2.00
2019-12-31 0.65 0.71 0.58 2.00
BIT:GPI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.58
2018-09-30 0.51
2018-06-30 0.47
2018-03-31 0.48
2017-12-31 0.48
2017-09-30 0.45
2017-06-30 0.42
2017-03-31 0.41
2016-12-31 0.41

*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.
  • GPI is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GPI'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 Europe 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.
GPI has a total score of 2/6, 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.

GPI Past Performance

  How has GPI 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 GPI's growth in the last year to its industry (Healthcare Services).
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.
  • GPI has delivered over 20% year on year earnings growth in the past 5 years.
  • GPI's 1-year earnings growth is less than its 5-year average (21.8% vs 25.9%)
  • GPI's earnings growth has not exceeded the Europe Healthcare Services industry average in the past year (21.8% vs 21.8%).
Earnings and Revenue History
GPI'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 GPI Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:GPI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 203.67 9.23 4.01
2018-09-30 197.72 8.16 3.86
2018-06-30 191.62 7.39 3.71
2018-03-31 185.67 7.63 3.50
2017-12-31 179.88 7.58 3.29
2017-09-30 166.80 7.12 2.78
2017-06-30 153.71 6.66 2.27
2017-03-31 144.88 6.44 2.16
2016-12-31 136.06 6.23 2.05
2015-12-31 89.20 -0.41 1.71
2014-12-31 73.50 2.55 0.10
2013-12-31 61.90 2.73 0.12

*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.
  • GPI has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GPI used its assets less efficiently than the Europe Healthcare Services industry average last year based on Return on Assets.
  • GPI has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess GPI'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 Healthcare Services 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.
GPI has a total score of 2/6, 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.

GPI Health

 How is GPI'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 GPI's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GPI is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GPI's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GPI'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.
  • Debt is covered by short term assets, assets are 1.4x debt.
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 GPI Company Filings, last reported 5 months ago.

BIT:GPI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 68.60 127.56 49.14
2018-09-30 68.60 127.56 49.14
2018-06-30 61.22 119.20 55.10
2018-03-31 61.22 119.20 55.10
2017-12-31 64.04 97.04 40.55
2017-09-30 64.04 97.04 40.55
2017-06-30 59.17 75.41 45.05
2017-03-31 59.17 75.41 45.05
2016-12-31 61.34 86.25 72.21
2015-12-31 4.26 59.77 18.74
2014-12-31 16.90 28.67 3.11
2013-12-31 13.02 27.47 7.16
  • GPI's level of debt (185.9%) 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 (210.9% vs 185.9% today).
  • Debt is not well covered by operating cash flow (10.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 37.5x coverage).
X
Financial health checks
We assess GPI'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. GPI 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.

GPI Dividends

 What is GPI'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
3.92%
Current annual income from GPI dividends. Estimated to be 1.65% next year.
If you bought €2,000 of GPI shares you are expected to receive €78 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?
  • GPI's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.16%).
  • GPI's dividend is below the markets top 25% of dividend payers in Italy (4.59%).
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:GPI 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 2 Analyst Estimates (S&P Global) See Below
Europe Healthcare Services Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 1.4%
Italy Market Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4.3%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.1%
Italy Bottom 25% Dividend Yield 25th Percentile 2.2%
Italy Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

BIT:GPI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.18 2.00
2019-12-31 0.17 2.00
BIT:GPI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.330 3.726
2019-03-29 0.330 3.575
2018-04-16 0.300 3.283
2018-04-06 0.300 2.736
2017-04-13 0.300 2.734

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

  • Whilst dividend payments have been stable, GPI has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but GPI only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of GPI's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (1408.5x coverage).
X
Income/ dividend checks
We assess GPI's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 GPI afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GPI has a total score of 3/6, see the detailed checks below.


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

GPI Management

 What is the CEO of GPI'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
Fausto Manzana
AGE 59
CEO Bio

Mr. Fausto Manzana serves as the Chairman and Chief Executive Officer at GPI S.p.A.

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

Fausto Manzana

TITLE
Chairman & CEO
AGE
59
Board of Directors

Sergio Manzana

TITLE
Director
AGE
35

Fausto Manzana

TITLE
Chairman & CEO
AGE
59

Dario Manzana

TITLE
Director
AGE
31

Andrea Mora

TITLE
Director
AGE
52

Aldo Napoli

TITLE
Director
AGE
62

Antonio Perricone

TITLE
Director
AGE
64

Francesco Moscetti

TITLE
Independent Director
AGE
67
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 (€)
12. Jun 19 Buy F.M. Srl Company 07. Jun 19 07. Jun 19 10,462 €8.02 €83,953
11. Jun 19 Buy F.M. Srl Company 06. Jun 19 06. Jun 19 1,200 €8.44 €10,084
05. Jun 19 Buy F.M. Srl Company 31. May 19 31. May 19 200 €8.50 €1,700
03. Jun 19 Buy F.M. Srl Company 29. May 19 30. May 19 2,800 €8.70 €24,161
29. May 19 Buy F.M. Srl Company 27. May 19 27. May 19 25,000 €8.60 €215,000
27. May 19 Buy F.M. Srl Company 22. May 19 23. May 19 900 €8.90 €7,987
23. May 19 Buy F.M. Srl Company 20. May 19 21. May 19 1,138 €8.97 €9,860
20. May 19 Buy F.M. Srl Company 15. May 19 15. May 19 200 €8.94 €1,788
16. May 19 Buy F.M. Srl Company 10. May 19 10. May 19 800 €9.14 €7,300
13. May 19 Buy F.M. Srl Company 08. May 19 09. May 19 1,859 €9.06 €16,092
08. May 19 Buy F.M. Srl Company 03. May 19 03. May 19 1,300 €9.42 €12,215
06. May 19 Buy F.M. Srl Company 30. Apr 19 02. May 19 1,000 €9.40 €9,317
29. Apr 19 Buy F.M. Srl Company 23. Apr 19 24. Apr 19 600 €9.21 €5,507
25. Apr 19 Buy F.M. Srl Company 18. Apr 19 18. Apr 19 1,500 €9.22 €13,784
18. Apr 19 Buy F.M. Srl Company 15. Apr 19 17. Apr 19 2,450 €9.38 €22,764
15. Apr 19 Buy F.M. Srl Company 11. Apr 19 12. Apr 19 2,000 €9.30 €18,563
09. Apr 19 Buy F.M. Srl Company 04. Apr 19 08. Apr 19 3,200 €9.35 €29,604
05. Apr 19 Buy F.M. Srl Company 01. Apr 19 02. Apr 19 4,414 €9.20 €40,301
04. Mar 19 Buy F.M. Srl Company 26. Feb 19 26. Feb 19 12,000 €9.10 €107,970
28. Feb 19 Buy Tempestina Srl Company 26. Feb 19 26. Feb 19 11,000 €8.98 €98,780
27. Feb 19 Buy F.M. Srl Company 22. Feb 19 22. Feb 19 2,000 €9.00 €17,820
25. Feb 19 Buy F.M. Srl Company 19. Feb 19 21. Feb 19 7,600 €9.00 €67,965
19. Feb 19 Buy F.M. Srl Company 15. Feb 19 18. Feb 19 2,200 €9.00 €19,632
14. Feb 19 Buy F.M. Srl Company 11. Feb 19 12. Feb 19 2,947 €8.55 €25,014
11. Feb 19 Buy F.M. Srl Company 06. Feb 19 06. Feb 19 7,600 €8.36 €61,492
04. Feb 19 Buy Tempestina Srl Company 31. Jan 19 31. Jan 19 2,000 €8.40 €16,800
08. Jan 19 Buy F.M. Srl Company 02. Jan 19 04. Jan 19 4,000 €8.70 €32,993
12. Oct 18 Buy F.M. Srl Company 08. Oct 18 08. Oct 18 3,200 €8.90 €28,314
10. Oct 18 Buy F.M. Srl Company 05. Oct 18 05. Oct 18 3,500 €9.22 €31,900
08. Oct 18 Buy F.M. Srl Company 02. Oct 18 04. Oct 18 3,600 €9.20 €32,402
30. Aug 18 Buy F.M. Srl Company 27. Aug 18 27. Aug 18 3,500 €9.48 €32,440
28. Aug 18 Buy F.M. Srl Company 24. Aug 18 24. Aug 18 1,000 €9.46 €9,400
27. Aug 18 Buy F.M. Srl Company 23. Aug 18 23. Aug 18 1,200 €9.26 €11,112
21. Aug 18 Buy F.M. Srl Company 16. Aug 18 16. Aug 18 1,000 €9.34 €9,262
14. Aug 18 Buy F.M. Srl Company 10. Aug 18 10. Aug 18 1,000 €9.40 €9,400
06. Aug 18 Buy F.M. Srl Company 31. Jul 18 31. Jul 18 1,000 €9.44 €9,428
X
Management checks
We assess GPI'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. GPI 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.

GPI News

Simply Wall St News

What Are Analysts Saying About GPI SpA's (BIT:GPI) Future?

Based on GPI SpA's (BIT:GPI) earnings update in December 2018, analyst consensus outlook appear bearish, with profits predicted to drop by 2.5% next year against the past 5-year average growth rate of 26%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … BIT:GPI Past and Future Earnings, June 6th 2019 This results in an annual growth rate of 6.4% based on the most recent earnings level of €9.2m to the final forecast of €11m by 2022.

Simply Wall St -

Shareholders Should Look Hard At GPI SpA’s (BIT:GPI) 8.0% Return On Capital

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for GPI: 0.08 = €15m ÷ (€290m - €101m) (Based on the trailing twelve months to December 2018.) So, GPI has an ROCE of 8.0%. … Do GPI's Current Liabilities Skew Its ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

What Does GPI SpA's (BIT:GPI) Balance Sheet Tell Us About It?

Additionally, GPI has produced cash from operations of €14m over the same time period, leading to an operating cash to total debt ratio of 16%, signalling that GPI’s operating cash is less than its debt. … At the current liabilities level of €101m, it appears that the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.78x. … Next Steps: Although GPI’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Volatility 101: Should GPI (BIT:GPI) Shares Have Dropped 15%?

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … It's fair to say that the share price does not seem to be reflecting the EPS growth. … Since the fundamental metrics don't readily explain the share price drop, there might be an opportunity if the market has overreacted

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Does GPI SpA (BIT:GPI) Have A Place In Your Dividend Stock Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Does GPI tick all the boxes of a great dividend stock? … 5 checks you should do on a dividend stock

Simply Wall St -

Does The GPI SpA (BIT:GPI) Share Price Tend To Follow The Market?

If you're interested in GPI SpA (BIT:GPI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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Should You Worry About GPI SpA’s (BIT:GPI) ROCE?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Do You Know What GPI SpA's (BIT:GPI) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at GPI SpA's (BIT:GPI) P/E ratio and reflect on what it tells us about the company's share price. … GPI has a price to earnings ratio of 17.37, based on the last twelve months.

Simply Wall St -

What GPI SpA's (BIT:GPI) ROE Can Tell Us

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows GPI has a return on equity of 13% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Buy GPI SpA (BIT:GPI) For Its 3.4% Dividend?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Does GPI tick all the boxes of a great dividend stock? … 5 checks you should do on a dividend stock

Simply Wall St -

GPI Company Info

Description

GPI SpA operates in the healthcare and social services market in Italy and internationally. The company offers IT systems, such as health enterprise resource planning, hospital information, territorial information, social and healthcare information, veterinary control management, and food safety technology systems, as well as Web solutions. It also provides healthcare services comprising contact center and front office solutions; SUstainable Integrated & Territorial CAre SErvices, a technological platform for the provision of healthcare and social, as well as integrated assisting services; PHEBO, a medical instrument that helps healthcare operators in home tele-monitoring, e-health, telecare, tele-assistance, and telemedicine activities; Policura clinics for integrated diagnostics and medical deliveries ranging from cardiology to dentistry, obstetrics to nutrition, and physiotherapy to motor rehabilitation; and pre/post-operative analysis, 3D modeling and feasibility study services, dynamic video presentation of the operation, and storyboard of the operation, as well as anatomical replicas, personalized prostheses, and guide/cutting templates. In addition, the company offers drug automation systems for private pharmacies, hospitals, and clinics; electronic payment solutions; and desktop management-systemic services, as well as business intelligence/data warehouse solutions. The company was founded in 1988 and is based in Trento, Italy.

Details
Name: GPI SpA
GPI
Exchange: BIT
Founded: 1988
€133,719,781
15,843,576
Website: http://www.gpi.it
Address: GPI SpA
Via Ragazzi del '99, 13,
Trento,
Trento, 38123,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT GPI Common Stock Borsa Italiana IT EUR 29. Dec 2016
Number of employees
Current staff
Staff numbers
0
GPI employees.
Industry
Health Care Technology
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 22:16
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/04/08
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.