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SRI

Servizi Italia BIT:SRI Stock Report

Last Price

€1.31

Market Cap

€38.7m

7D

-1.9%

1Y

-38.2%

Updated

09 Aug, 2022

Data

Company Financials +
SRI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance3/6
Financial Health2/6
Dividends0/6

SRI Stock Overview

Servizi Italia S.p.A. provides integrated wash-hire and sterilization services for textiles and surgical instruments to social/welfare, and public and private hospital facilities.

Servizi Italia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Servizi Italia
Historical stock prices
Current Share Price€1.31
52 Week High€2.25
52 Week Low€1.27
Beta0.83
1 Month Change-2.97%
3 Month Change-25.22%
1 Year Change-38.15%
3 Year Change-55.61%
5 Year Change-70.21%
Change since IPO-83.69%

Recent News & Updates

Shareholder Returns

SRIIT HealthcareIT Market
7D-1.9%-3.1%0.9%
1Y-38.2%-28.5%-16.1%

Return vs Industry: SRI underperformed the Italian Healthcare industry which returned -26.9% over the past year.

Return vs Market: SRI underperformed the Italian Market which returned -15.3% over the past year.

Price Volatility

Is SRI's price volatile compared to industry and market?
SRI volatility
SRI Average Weekly Movement4.3%
Healthcare Industry Average Movement6.4%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.8%
10% least volatile stocks in IT Market3.2%

Stable Share Price: SRI is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SRI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19863,709Andrea Gozzihttps://www.servizitaliagroup.com/homepage

Servizi Italia S.p.A. provides integrated wash-hire and sterilization services for textiles and surgical instruments to social/welfare, and 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.

Servizi Italia Fundamentals Summary

How do Servizi Italia's earnings and revenue compare to its market cap?
SRI fundamental statistics
Market Cap€38.68m
Earnings (TTM)€6.04m
Revenue (TTM)€267.12m

6.4x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRI income statement (TTM)
Revenue€267.12m
Cost of Revenue€201.58m
Gross Profit€65.54m
Other Expenses€59.50m
Earnings€6.04m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)0.20
Gross Margin24.54%
Net Profit Margin2.26%
Debt/Equity Ratio87.7%

How did SRI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SRI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SRI?

Other financial metrics that can be useful for relative valuation.

SRI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA2.9x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does SRI's PE Ratio compare to its peers?

SRI PE Ratio vs Peers
The above table shows the PE ratio for SRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average31.5x
EUK EuKedos
52.9xn/a€30.1m
HI Health Italia
24.1xn/a€30.3m
SVS Svas Biosana
20x26.3%€63.3m
MDC Medica
28.8x20.7%€143.4m
SRI Servizi Italia
6.4x20.4%€38.7m

Price-To-Earnings vs Peers: SRI is good value based on its Price-To-Earnings Ratio (6.4x) compared to the peer average (31.5x).


Price to Earnings Ratio vs Industry

How does SRI's PE Ratio compare vs other companies in the European Healthcare Industry?

Price-To-Earnings vs Industry: SRI is good value based on its Price-To-Earnings Ratio (6.4x) compared to the Italian Healthcare industry average (24.2x)


Price to Earnings Ratio vs Fair Ratio

What is SRI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.4x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: SRI is good value based on its Price-To-Earnings Ratio (6.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).


Share Price vs Fair Value

What is the Fair Price of SRI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SRI (€1.31) is trading below our estimate of fair value (€1.7)

Significantly Below Fair Value: SRI is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SRI's forecast earnings growth (20.4% per year) is above the savings rate (1.7%).

Earnings vs Market: SRI's earnings (20.4% per year) are forecast to grow faster than the Italian market (8.7% per year).

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

Revenue vs Market: SRI's revenue (2.5% per year) is forecast to grow faster than the Italian market (-0.3% per year).

High Growth Revenue: SRI's revenue (2.5% 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 (6.6%).


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Past Performance

How has Servizi Italia performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-18.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SRI has a large one-off gain of €1.6M impacting its March 31 2022 financial results.

Growing Profit Margin: SRI's current net profit margins (2.3%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: SRI's earnings have declined by 18.8% per year over the past 5 years.

Accelerating Growth: SRI's earnings growth over the past year (44.8%) exceeds its 5-year average (-18.8% per year).

Earnings vs Industry: SRI earnings growth over the past year (44.8%) exceeded the Healthcare industry 26.6%.


Return on Equity

High ROE: SRI's Return on Equity (4.4%) is considered low.


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Financial Health

How is Servizi Italia's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SRI's short term assets (€102.7M) do not cover its short term liabilities (€189.5M).

Long Term Liabilities: SRI's short term assets (€102.7M) exceed its long term liabilities (€70.8M).


Debt to Equity History and Analysis

Debt Level: SRI's net debt to equity ratio (84.6%) is considered high.

Reducing Debt: SRI's debt to equity ratio has increased from 74.6% to 87.7% over the past 5 years.

Debt Coverage: SRI's debt is well covered by operating cash flow (42.4%).

Interest Coverage: SRI's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.73%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SRI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SRI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SRI's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: SRI is not paying a notable dividend for the Italian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SRI has not reported any payouts.


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Management

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

2.6yrs

Average board tenure


CEO

Andrea Gozzi

2.08yrs

Tenure

€348,000

Compensation

Mr. Andrea Gozzi serves as General Manager at Servizi Italia S.p.A. since July 30, 2020 and served as its Chief Operating Officer and Manager with strategic responsibilities. Mr. Gozzi serves as General Ma...


CEO Compensation Analysis

Compensation vs Market: Andrea's total compensation ($USD355.94K) is about average for companies of similar size in the Italian market ($USD366.18K).

Compensation vs Earnings: Insufficient data to compare Andrea's compensation with company performance.


Board Members

Experienced Board: SRI's board of directors are not considered experienced ( 2.6 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 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
  • Implied Market Cap: €38.675m
  • Shares outstanding: 29.64m
  • Website: https://www.servizitaliagroup.com/homepage

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.