BIT:SRI

Stock Analysis Report

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Executive Summary

Servizi Italia S.p.A. provides integrated services for the rental, washing, and sterilization of textiles and surgical instruments to public and private hospital facilities. More Details


Snowflake Analysis

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has Servizi Italia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SRI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

SRI

0.9%

IT Healthcare

-0.9%

IT Market


1 Year Return

-21.1%

SRI

30.3%

IT Healthcare

-12.3%

IT Market

Return vs Industry: SRI underperformed the Italian Healthcare industry which returned 31.4% over the past year.

Return vs Market: SRI underperformed the Italian Market which returned -12.8% over the past year.


Shareholder returns

SRIIndustryMarket
7 Day-1.3%0.9%-0.9%
30 Day-2.2%8.1%-0.5%
90 Day-6.4%20.2%-1.4%
1 Year-17.1%-21.1%30.4%30.3%-10.2%-12.3%
3 Year-50.9%-56.9%-13.0%-16.9%-9.9%-18.1%
5 Year-27.6%-41.1%-0.1%-6.8%1.8%-29.9%

Price Volatility Vs. Market

How volatile is Servizi Italia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Servizi Italia undervalued compared to its fair value and its price relative to the market?

16.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SRI (€2.2) is trading above our estimate of fair value (€2.04)

Significantly Below Fair Value: SRI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SRI is good value based on its PE Ratio (16.5x) compared to the IT Healthcare industry average (30.8x).

PE vs Market: SRI is good value based on its PE Ratio (16.5x) compared to the Italian market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: SRI is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: SRI is good value based on its PB Ratio (0.6x) compared to the IT Healthcare industry average (1.6x).


Next Steps

Future Growth

How is Servizi Italia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

52.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SRI's forecast earnings growth (52.5% per year) is above the savings rate (2%).

Earnings vs Market: SRI's earnings (52.5% per year) are forecast to grow faster than the Italian market (25% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SRI's revenue (3.4% per year) is forecast to grow slower than the Italian market (3.6% per year).

High Growth Revenue: SRI's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRI's Return on Equity is forecast to be low in 3 years time (8.1%).


Next Steps

Past Performance

How has Servizi Italia performed over the past 5 years?

-10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRI has a large one-off loss of €4.9M impacting its June 30 2020 financial results.

Growing Profit Margin: SRI's current net profit margins (1.6%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: SRI's earnings have declined by 10.1% per year over the past 5 years.

Accelerating Growth: SRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SRI had negative earnings growth (-54.8%) over the past year, making it difficult to compare to the Healthcare industry average (-38.1%).


Return on Equity

High ROE: SRI's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is Servizi Italia's financial position?


Financial Position Analysis

Short Term Liabilities: SRI's short term assets (€100.5M) do not cover its short term liabilities (€192.5M).

Long Term Liabilities: SRI's short term assets (€100.5M) exceed its long term liabilities (€77.3M).


Debt to Equity History and Analysis

Debt Level: SRI's debt to equity ratio (100%) is considered high.

Reducing Debt: SRI's debt to equity ratio has increased from 76.8% to 100% over the past 5 years.

Debt Coverage: SRI's debt is well covered by operating cash flow (50.4%).

Interest Coverage: SRI's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Servizi Italia current dividend yield, its reliability and sustainability?

6.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SRI's dividend (6.36%) is higher than the bottom 25% of dividend payers in the Italian market (1.57%).

High Dividend: SRI's dividend (6.36%) is in the top 25% of dividend payers in the Italian market (5.29%)


Stability and Growth of Payments

Stable Dividend: SRI's dividend payments have been volatile in the past 10 years.

Growing Dividend: SRI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (104.9%), SRI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SRI's dividends in 3 years are forecast to be well covered by earnings (39% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average board tenure


CEO

Servizi Italia has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Ilaria Eugeniani
Executive Manager of Admin.no data€90.00kno data
Giovanni Manti
Head of Investor Relations & Directorno datano datano data
Chiara Mio
Independent Director2.42yrsno datano data
Roberto Olivi
Chairmanno data€48.00kno data
Romina Guglielmetti
Independent Directorno data€24.00kno data
Antonio Paglialonga
Directorno data€10.00kno data
Lino Zanichelli
Directorno data€10.00kno data
Michele Magagna
Director2.42yrsno datano data
Umberto Zuliani
Director2.42yrsno datano data
Antonio Mastrangelo
Lead Independent Directorno datano datano data
Simona Campanini
Directorno datano datano data
Roberto Cassader
Chairman of Board of Statutory Auditorsno datano datano data

2.4yrs

Average Tenure

52.5yo

Average Age

Experienced Board: SRI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Servizi Italia S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Servizi Italia S.p.A.
  • Ticker: SRI
  • Exchange: BIT
  • Founded: 1986
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: €66.791m
  • Shares outstanding: 30.36m
  • Website: https://www.si-servizitalia.com

Number of Employees


Location

  • Servizi Italia S.p.A.
  • Via San Pietro 59/B
  • Castellina Di Soragna
  • Parma
  • 43019
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRIBIT (Borsa Italiana)YesOrdinary SharesITEURApr 2007
0NJ3LSE (London Stock Exchange)YesOrdinary SharesGBEURApr 2007

Biography

Servizi Italia S.p.A. provides integrated services for the rental, washing, and sterilization of textiles and surgical instruments to public and private hospital facilities. The company offers wash-hire se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 02:54
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.