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Servizi Italia

BIT:SRI
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRI
BIT
€103M
Market Cap
  1. Home
  2. IT
  3. Healthcare
Company description

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 last earnings update was 16 days ago. More info.


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SRI Share Price and Events
7 Day Returns
-3.8%
BIT:SRI
4.3%
IT Healthcare
0.7%
IT Market
1 Year Returns
-19.7%
BIT:SRI
20.8%
IT Healthcare
-6.6%
IT Market
SRI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Servizi Italia (SRI) -3.8% -2.7% -16.5% -19.7% -8% -32.7%
IT Healthcare 4.3% 10.7% 17.2% 20.8% -6% 41.6%
IT Market 0.7% -1.2% -2.5% -6.6% 9.2% -19.2%
1 Year Return vs Industry and Market
  • SRI underperformed the Healthcare industry which returned 20.8% over the past year.
  • SRI underperformed the Market in Italy which returned -6.6% over the past year.
Price Volatility
SRI
Industry
5yr Volatility vs Market

Value

 Is Servizi Italia 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 Servizi Italia 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 Servizi Italia.

BIT:SRI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.5%
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:SRI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Healthcare Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.638 (1 + (1- 24%) (162.69%))
1.286
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.286 * 9.02%)
14.53%

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

The calculations below outline how an intrinsic value for Servizi Italia 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:SRI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.53%)
2019 9.90 Analyst x1 8.64
2020 16.20 Analyst x1 12.35
2021 17.10 Analyst x1 11.38
2022 17.90 Est @ 4.67% 10.40
2023 18.64 Est @ 4.15% 9.46
2024 19.35 Est @ 3.78% 8.57
2025 20.03 Est @ 3.53% 7.75
2026 20.70 Est @ 3.35% 6.99
2027 21.37 Est @ 3.23% 6.30
2028 22.04 Est @ 3.14% 5.67
Present value of next 10 years cash flows €87.52
BIT:SRI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €22.04 × (1 + 2.93%) ÷ (14.53% – 2.93%)
€195.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €195.59 ÷ (1 + 14.53%)10
€50.36
BIT:SRI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €87.52 + €50.36
€137.88
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €137.88 / 31.31
€4.4
BIT:SRI Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.40
Current discount Discount to share price of €3.30
= -1 x (€3.30 - €4.40) / €4.40
25.1%

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

Current Discount
Amount off the current price Servizi Italia is available for.
Intrinsic value
25%
Share price is €3.3 vs Future cash flow value of €4.4
Current Discount Checks
For Servizi Italia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Servizi Italia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Servizi Italia's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Servizi Italia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Servizi Italia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:SRI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.35
BIT:SRI Share Price ** BIT (2019-06-14) in EUR €3.3
Italy Healthcare Industry PE Ratio Median Figure of 6 Publicly-Listed Healthcare Companies 30.05x
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 Servizi Italia.

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

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

= 3.3 ÷ 0.35

9.45x

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

  • Servizi Italia is good value based on earnings compared to the IT Healthcare industry average.
  • Servizi Italia is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does Servizi Italia's expected growth come at a high price?
Raw Data
BIT:SRI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.7%per year
Italy Healthcare Industry PEG Ratio Median Figure of 5 Publicly-Listed Healthcare Companies 1.23x
Italy Market PEG Ratio Median Figure of 161 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.45x ÷ 7.7%

1.23x

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

  • Servizi Italia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Servizi Italia's assets?
Raw Data
BIT:SRI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €4.37
BIT:SRI Share Price * BIT (2019-06-14) in EUR €3.3
Italy Healthcare Industry PB Ratio Median Figure of 6 Publicly-Listed Healthcare Companies 2.79x
Italy Market PB Ratio Median Figure of 324 Publicly-Listed Companies 1.45x
BIT:SRI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.3 ÷ 4.37

0.76x

* Primary Listing of Servizi Italia.

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

  • Servizi Italia is good value based on assets compared to the IT Healthcare industry average.
X
Value checks
We assess Servizi Italia'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 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 industry average (and greater than 0)? (1 check)
  5. Servizi Italia has a total score of 4/6, 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.

Future Performance

 How is Servizi Italia expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Servizi Italia expected to grow at an attractive rate?
  • Servizi Italia's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Servizi Italia's earnings growth is positive but not above the Italy market average.
  • Servizi Italia's revenue growth is positive but not above the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:SRI Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:SRI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.7%
BIT:SRI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.1%
Italy Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
Italy Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 8%
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:SRI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:SRI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 265 13 1
2020-12-31 262 13 1
2019-12-31 259 11 1
BIT:SRI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 258 11
2018-12-31 256 61 12
2018-09-30 252 14
2018-06-30 254 69 14
2018-03-31 253 13
2017-12-31 252 67 14
2017-09-30 252 12
2017-06-30 250 60 10
2017-03-31 244 11
2016-12-31 238 57 10
2016-09-30 233 13
2016-06-30 228 52 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Servizi Italia's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
  • Servizi Italia's revenue is expected to grow by 1.1% 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:SRI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Servizi Italia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:SRI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.42 0.42 0.42 1.00
2020-12-31 0.41 0.41 0.41 1.00
2019-12-31 0.36 0.36 0.36 1.00
BIT:SRI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.35
2018-12-31 0.37
2018-09-30 0.43
2018-06-30 0.43
2018-03-31 0.41
2017-12-31 0.43
2017-09-30 0.38
2017-06-30 0.33
2017-03-31 0.35
2016-12-31 0.33
2016-09-30 0.41
2016-06-30 0.46

*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.
  • Unable to establish if Servizi Italia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Servizi Italia'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 Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy 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.
Servizi Italia has a total score of 1/6, 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.

Past Performance

  How has Servizi Italia 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 Servizi Italia's growth in the last year to its industry (Healthcare).
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.
  • Servizi Italia's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Servizi Italia's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Servizi Italia's 1-year earnings growth is negative, it can't be compared to the IT Healthcare industry average.
Earnings and Revenue History
Servizi Italia'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 Servizi Italia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:SRI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 257.51 10.94 6.36
2018-12-31 255.72 11.60 7.33
2018-09-30 252.47 13.51 7.28
2018-06-30 253.82 13.81 7.29
2018-03-31 252.55 12.97 7.27
2017-12-31 252.10 13.77 7.25
2017-09-30 252.35 12.10 7.29
2017-06-30 249.64 10.29 7.29
2017-03-31 244.26 10.90 7.46
2016-12-31 237.72 10.45 7.58
2016-09-30 232.80 13.02 7.55
2016-06-30 228.25 13.87 7.61
2016-03-31 229.13 13.20 7.58
2015-12-31 229.98 12.73 7.64
2015-09-30 234.60 12.07 7.75
2015-06-30 235.79 13.09 7.80
2015-03-31 235.19 13.45 7.80
2014-12-31 234.35 13.08 7.75
2014-09-30 230.39 11.78 7.67
2014-06-30 226.25 9.75 7.60
2014-03-31 220.39 9.04 7.54
2013-12-31 215.37 8.83 7.44
2013-09-30 211.48 8.13 7.26
2013-06-30 211.42 8.97 7.32
2013-03-31 213.24 9.45 7.31
2012-12-31 210.55 9.37 7.21
2012-09-30 205.47 7.31 7.19
2012-06-30 200.78 5.18 7.00

*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.
  • Servizi Italia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Servizi Italia used its assets less efficiently than the IT Healthcare industry average last year based on Return on Assets.
  • Servizi Italia's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Servizi Italia'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 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.
Servizi Italia has a total score of 1/6, 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.

Health

 How is Servizi Italia'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 Servizi Italia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Servizi Italia's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Servizi Italia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Servizi Italia'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x 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 Servizi Italia Company Filings, last reported 2 months ago.

BIT:SRI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 139.21 168.07 13.71
2018-12-31 138.24 107.25 7.00
2018-09-30 134.36 104.60 6.81
2018-06-30 136.25 105.18 6.62
2018-03-31 142.60 105.27 8.67
2017-12-31 141.64 102.85 8.00
2017-09-30 141.56 106.04 8.14
2017-06-30 138.89 94.73 4.20
2017-03-31 142.54 106.41 4.81
2016-12-31 137.76 105.51 5.46
2016-09-30 134.60 106.78 3.43
2016-06-30 133.68 92.34 6.57
2016-03-31 126.85 86.76 4.69
2015-12-31 122.09 86.59 7.08
2015-09-30 109.53 79.66 4.40
2015-06-30 112.01 86.13 3.38
2015-03-31 113.69 80.66 7.90
2014-12-31 111.59 83.04 5.18
2014-09-30 104.78 84.84 4.72
2014-06-30 101.87 90.42 6.07
2014-03-31 102.38 92.19 3.13
2013-12-31 99.31 98.85 4.56
2013-09-30 95.21 80.38 5.54
2013-06-30 100.75 73.23 4.24
2013-03-31 102.54 69.54 5.93
2012-12-31 99.82 88.98 2.68
2012-09-30 98.51 73.78 3.68
2012-06-30 75.60 93.97 10.54
  • Servizi Italia's level of debt (120.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (90% vs 120.7% today).
  • Debt is well covered by operating cash flow (36.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.6x coverage).
X
Financial health checks
We assess Servizi Italia'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. Servizi Italia has a total score of 3/6, 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.

Dividends

 What is Servizi Italia'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
4.85%
Current annual income from Servizi Italia dividends. Estimated to be 5.25% next year.
If you bought €2,000 of Servizi Italia shares you are expected to receive €97 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?
  • Servizi Italia's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.16%).
  • Servizi Italia's dividend is above the markets top 25% of dividend payers in Italy (4.55%).
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:SRI 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 1 Analyst Estimates (S&P Global) See Below
Europe Healthcare Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 1.7%
Italy Market Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4.2%
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:SRI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.18 1.00
2020-12-31 0.18 1.00
2019-12-31 0.16 1.00
BIT:SRI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.160 4.571
2019-04-29 0.160 4.135
2018-04-20 0.170 4.317
2018-03-13 0.170 3.080
2017-03-28 0.150 2.946
2017-03-13 0.150 3.828
2016-03-14 0.150 4.140
2015-03-31 0.160 3.908
2015-03-12 0.160 3.133
2014-04-22 0.140 3.127
2014-03-13 0.140 2.653
2013-03-14 0.130 3.429
2012-03-30 0.110 3.653
2012-03-13 0.110 3.102
2011-03-15 0.250 5.062
2010-04-16 0.180 3.267
2010-03-15 0.180 3.447

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

  • Servizi Italia has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Servizi Italia has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Servizi Italia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Servizi Italia'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 Servizi Italia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Servizi Italia 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.

Management

 What is the CEO of Servizi Italia'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
Enea Righi
COMPENSATION €562,000
CEO Bio

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
  • Enea's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Enea's remuneration is higher than average for companies of similar size in Italy.
Management Team

Enea Righi

TITLE
Vice Chairman
COMPENSATION
€562K

Ilaria Eugeniani

TITLE
Executive Manager of Administration
COMPENSATION
€90K

Maurizio Casol

TITLE
Industrial Operations Manager
AGE
49
Board of Directors

Roberto Olivi

TITLE
Chairman
COMPENSATION
€48K

Enea Righi

TITLE
Vice Chairman
COMPENSATION
€562K

Ilaria Eugeniani

TITLE
Executive Manager of Administration
COMPENSATION
€90K

Romina Guglielmetti

TITLE
Independent Director
COMPENSATION
€24K
AGE
45

Chiara Mio

TITLE
Independent Director
AGE
54
TENURE
1.2 yrs

Gianfranco Milanesi

TITLE
Chairman of Board of Statutory Auditors

Paola Maria Schwizer

TITLE
Lead Independent Director
COMPENSATION
€24K
AGE
53

Antonio Paglialonga

TITLE
Director
COMPENSATION
€10K

Lino Zanichelli

TITLE
Director
COMPENSATION
€10K

Michele Magagna

TITLE
Director
TENURE
1.2 yrs
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 (€)
14. Jan 19 Sell Kabouter Management L.L.C. Company 24. Sep 18 26. Sep 18 -49,692 €4.00 €-196,345
15. Nov 18 Sell Kabouter Management L.L.C. Company 19. Oct 18 25. Oct 18 -77,825 €3.70 €-270,078
X
Management checks
We assess Servizi Italia'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. Servizi Italia 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.

News

Simply Wall St News

Some Servizi Italia (BIT:SRI) Shareholders Are Down 36%

See our latest analysis for Servizi Italia To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … During the unfortunate half decade during which the share price slipped, Servizi Italia actually saw its earnings per share (EPS) improve by 0.9% per year. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return.

Simply Wall St -

Do You Like Servizi Italia S.p.A. (BIT:SRI) At This P/E Ratio?

See our latest analysis for Servizi Italia How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Servizi Italia: P/E of 9.48 = €3.45 ÷ €0.36 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … BIT:SRI Price Estimation Relative to Market, May 25th 2019 Its relatively low P/E ratio indicates that Servizi Italia shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

Servizi Italia S.p.A. (BIT:SRI): A Fundamentally Attractive Investment

In the case of SRI, it is a company that has been able to sustain great financial health, trading at an attractive share price. … Take a look at our free research report of analyst consensus for SRI’s outlook. … Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

Simply Wall St -

What Servizi Italia S.p.A.'s (BIT:SRI) ROE Can Tell Us

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Servizi Italia's (BIT:SRI) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. … So if you're like me, you might be more interested in profitable, growing companies, like Servizi Italia (BIT:SRI). … Servizi Italia reported flat revenue and EBIT margins over the last year.

Simply Wall St -

Do You Know About Servizi Italia S.p.A.’s (BIT:SRI) ROCE?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … 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 -

Is Servizi Italia S.p.A. (BIT:SRI) A Smart Pick For Income Investors?

Historically, Servizi Italia S.p.A. … Let's dig deeper into whether Servizi Italia should have a place in your portfolio. … View our latest analysis for Servizi Italia

Simply Wall St -

If You Had Bought Servizi Italia Stock A Year Ago, You'd Be Sitting On A 25% Loss, Today

But that is minimal compensation for the share price under-performance over the last year. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Even though the Servizi Italia share price is down over the year, its EPS actually improved.

Simply Wall St -

Is It Time To Consider Buying Servizi Italia S.p.A. (BIT:SRI)?

As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on Servizi Italia’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Brief Commentary On Servizi Italia S.p.A.'s (BIT:SRI) Fundamentals

Help shape the future of investing tools and you could win a $250 gift card! … (BIT:SRI) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Company Info

Description

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 services, including planning and provision of integrated rental services; reconditioning services, such as disinfection, washing, finishing, and packaging; and logistics services for textile items, mattresses, and accessories. Its wash-hire services also comprise rental and washing of high visibility '118' emergency service items; and logistics and management of hospital wardrobes. The company also provides linen sterilization services, which include planning and rental of sterile medical devices, such as linens for operating theatres and scrubs, as well as personal protection equipment comprising gloves and masks. In addition, it offers surgical instruments sterilization services, including planning and provision of washing, packaging, and sterilization of surgical instruments and accessories for operating theatres, as well as planning, installation, and renovation of sterilization centers. The company provides its services in central and northern Italy, Turkey, India, and Albania, as well as in Sao Paulo, Brazil. The company was founded in 1986 and is headquartered in Castellina di Soragna, Italy. Servizi Italia S.p.A. is a subsidiary of Aurum S.p.A.

Details
Name: Servizi Italia S.p.A.
SRI
Exchange: BIT
Founded: 1986
€103,309,866
31,306,020
Website: http://www.si-servizitalia.com
Address: Servizi Italia S.p.A.
Via San Pietro 59/B,
Castellina di Soragna,
Parma, 43019,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT SRI Ordinary Shares Borsa Italiana IT EUR 05. Apr 2007
LSE 0NJ3 Ordinary Shares London Stock Exchange GB EUR 05. Apr 2007
Number of employees
Current staff
Staff numbers
3,669
Servizi Italia employees.
Industry
Health Care Services
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:56
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/06
Last earnings filing: 2019/05/30
Last earnings reported: 2019/03/31
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.