BIT:SRI

Stock Analysis Report

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.

Snowflake

Good value with mediocre balance sheet.


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

12.0%

SRI

2.2%

IT Healthcare

-1.6%

IT Market


1 Year Return

1.0%

SRI

69.3%

IT Healthcare

20.9%

IT Market

Return vs Industry: SRI underperformed the Italian Healthcare industry which returned 69.3% over the past year.

Return vs Market: SRI underperformed the Italian Market which returned 20.9% over the past year.


Shareholder returns

SRIIndustryMarket
7 Day12.0%2.2%-1.6%
30 Day8.3%10.1%4.0%
90 Day3.1%4.5%9.7%
1 Year6.0%1.0%70.6%69.3%26.4%20.9%
3 Year-4.7%-15.0%-0.8%-4.8%41.5%21.3%
5 Year-17.0%-31.1%42.2%32.8%23.1%-24.3%

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?

12.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SRI (€2.99) is trading below our estimate of fair value (€3.41)

Significantly Below Fair Value: SRI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SRI is good value based on its PE Ratio (10.3x) compared to the Healthcare industry average (32.8x).

PE vs Market: SRI is good value based on its PE Ratio (10.3x) compared to the Italian market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: SRI is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: SRI is good value based on its PB Ratio (0.7x) compared to the IT Healthcare industry average (2.1x).


Next Steps

Future Growth

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

9.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SRI's forecast earnings growth (9.4% per year) is above the savings rate (2.9%).

Earnings vs Market: SRI's earnings (9.4% per year) are forecast to grow faster than the Italian market (8.7% per year).

High Growth Earnings: SRI's earnings are forecast to grow, but not significantly.

Revenue vs Market: SRI's revenue (2.1% per year) is forecast to grow slower than the Italian market (3.1% per year).

High Growth Revenue: SRI's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SRI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Servizi Italia performed over the past 5 years?

-3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRI has high quality earnings.

Growing Profit Margin: SRI's current net profit margins (3.4%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: SRI's earnings have declined by -3.5% 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 (-32.7%) over the past year, making it difficult to compare to the Healthcare industry average (-5.8%).


Return on Equity

High ROE: SRI's Return on Equity (6.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Servizi Italia's financial position?


Financial Position Analysis

Short Term Liabilities: SRI's short term assets (€117.4M) do not cover its short term liabilities (€179.4M)

Long Term Liabilities: SRI's short term assets (€117.4M) exceeds its long term liabilities (92.1M)


Debt to Equity History and Analysis

Debt Level: SRI's debt to equity ratio (92%) is considered high.

Reducing Debt: SRI's debt to equity ratio has increased from 80.3% to 92% over the past 5 years.

Debt Coverage: SRI's debt is well covered by operating cash flow (43%).

Interest Coverage: SRI's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet

Inventory Level: SRI has a high level of physical assets or inventory.

Debt Coverage by Assets: SRI's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

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

5.35%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%2.0%markettop25%4.4%industryaverage1.7%forecastin3Years5.1%

Current dividend yield vs market & industry

Notable Dividend: SRI's dividend (5.35%) is higher than the bottom 25% of dividend payers in the Italian market (2.05%).

High Dividend: SRI's dividend (5.35%) is in the top 25% of dividend payers in the Italian market (4.39%)


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 not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.1%), SRI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Servizi Italia's salary, the management and board of directors tenure and is there insider trading?

€562k

CEO Compensation


CEO

Enea Righi 0

0yrs

Tenure

€562,000

Compensation

Mr. Enea Righi serves as Chief Executive Officer of Servizi Italia S.p.A. and serves as its Vice-Chairman and Sales Executive Manager. 


CEO Compensation Analysis

Compensation vs Market: Enea's total compensation ($USD0.00) is about average for companies of similar size in the Italian market ($USD0.00).

Compensation vs Earnings: Enea's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Insider Trading

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.


Management Team

  • Enea Righi

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: €562.00k
  • Ilaria Eugeniani

    Executive Manager of Administration

    • Tenure: 0yrs
    • Compensation: €90.00k
  • Maurizio Casol (50yo)

    Industrial Operations Manager

    • Tenure: 0yrs
  • Giovanni Manti

    Head of Investor Relations

    • Tenure: 0yrs
  • Innocenti Luigi

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Enea Righi

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: €562.00k
  • Chiara Mio (55yo)

    Independent Director

    • Tenure: 1.6yrs
  • Ilaria Eugeniani

    Executive Manager of Administration

    • Tenure: 0yrs
    • Compensation: €90.00k
  • Roberto Olivi

    Chairman

    • Tenure: 0yrs
    • Compensation: €48.00k
  • Paola Maria Schwizer (54yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: €24.00k
  • Romina Guglielmetti (46yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €24.00k
  • Antonio Paglialonga

    Director

    • Tenure: 0yrs
    • Compensation: €10.00k
  • Lino Zanichelli

    Director

    • Tenure: 0yrs
    • Compensation: €10.00k
  • Michele Magagna

    Director

    • Tenure: 1.6yrs
  • Gianfranco Milanesi

    Chairman of Board of Statutory Auditors

    • Tenure: 0yrs

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: €93.474m
  • Shares outstanding: 31.26m
  • 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 Analysis2019/11/20 21:05
End of Day Share Price2019/11/20 00:00
Earnings2019/09/30
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.