BIT:ENV

Stock Analysis Report

Executive Summary

Enervit S.p.A. engages in the research, development, production, marketing, and export of sports food supplements and functional nutrition products in Italy.


Snowflake Analysis

Adequate balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.6%

ENV

-1.1%

IT Personal Products

-0.2%

IT Market


1 Year Return

2.7%

ENV

14.1%

IT Personal Products

15.7%

IT Market

Return vs Industry: ENV underperformed the Italian Personal Products industry which returned 13.4% over the past year.

Return vs Market: ENV underperformed the Italian Market which returned 17.6% over the past year.


Shareholder returns

ENVIndustryMarket
7 Day-0.6%-1.1%-0.2%
30 Day2.4%1.8%3.6%
90 Day0.9%3.2%5.3%
1 Year6.1%2.7%16.6%14.1%20.8%15.7%
3 Year27.3%17.5%43.1%33.4%39.0%25.0%
5 Year-3.4%-12.9%66.4%48.4%15.1%-24.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

24.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ENV (€3.43) is trading above our estimate of fair value (€1.67)

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


Price To Earnings Ratio

PE vs Industry: ENV is poor value based on its PE Ratio (24.6x) compared to the Personal Products industry average (24.3x).

PE vs Market: ENV is poor value based on its PE Ratio (24.6x) compared to the Italian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ENV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ENV is overvalued based on its PB Ratio (2.4x) compared to the XE Personal Products industry average (2.4x).


Next Steps

Future Growth

How is Enervit forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ENV's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if ENV's earnings are forecast to grow faster than the Italian market

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

Revenue vs Market: ENV's revenue (3.6% per year) is forecast to grow slower than the Italian market (4.2% per year).

High Growth Revenue: ENV's revenue (3.6% 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 ENV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Enervit performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENV has a high level of non-cash earnings.

Growing Profit Margin: ENV's current net profit margins (4.1%) are lower than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: ENV's earnings have grown by 16.3% per year over the past 5 years.

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

Earnings vs Industry: ENV had negative earnings growth (-14.4%) over the past year, making it difficult to compare to the Personal Products industry average (-7.2%).


Return on Equity

High ROE: ENV's Return on Equity (9.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Enervit's financial position?


Financial Position Analysis

Short Term Liabilities: ENV's short term assets (€31.8M) exceed its short term liabilities (€24.4M).

Long Term Liabilities: ENV's short term assets (€31.8M) exceed its long term liabilities (€12.5M).


Debt to Equity History and Analysis

Debt Level: ENV's debt to equity ratio (32.9%) is considered satisfactory.

Reducing Debt: ENV's debt to equity ratio has increased from 5.6% to 32.9% over the past 5 years.

Debt Coverage: ENV's debt is not well covered by operating cash flow (17%).

Interest Coverage: ENV's interest payments on its debt are well covered by EBIT (15.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: ENV's debt is covered by short term assets (assets are 3.8x debt).


Next Steps

Dividend

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

3.21%

Current Dividend Yield


Dividend Yield vs Market

company3.2%marketbottom25%2.0%markettop25%4.5%industryaverage2.2%forecastin3Years3.2%

Current dividend yield vs market & industry

Notable Dividend: ENV's dividend (3.21%) is higher than the bottom 25% of dividend payers in the Italian market (1.94%).

High Dividend: ENV's dividend (3.21%) is low compared to the top 25% of dividend payers in the Italian market (4.37%).


Stability and Growth of Payments

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

Growing Dividend: ENV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.8%), ENV's 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

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

€320k

CEO Compensation


CEO

Alberto Sorbini (62yo)

€320,000

Compensation

Mr. Alberto Sorbini has been the Chairman of Enervit S.p.A. since 2007 and also serves as its Chief Executive Officer. Mr. Sorbini served as Managing Director of Enervit SpA since 1992. Mr. Sorbini serves  ...


CEO Compensation Analysis

Compensation vs Market: Alberto's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD341.14K).

Compensation vs Earnings: Alberto's compensation has been consistent with company performance over the past year.


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

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


Key Information

  • Name: Enervit S.p.A.
  • Ticker: ENV
  • Exchange: BIT
  • Founded: 1954
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: €61.054m
  • Shares outstanding: 17.80m
  • Website: https://www.enervit.it

Location

  • Enervit S.p.A.
  • Viale Achille Papa, 30
  • Milan
  • Milan
  • 20149
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENVBIT (Borsa Italiana)YesCommon SharesITEURApr 2009
0N9TLSE (London Stock Exchange)YesCommon SharesGBEURApr 2009
ENVMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURApr 2009

Biography

Enervit S.p.A. engages in the research, development, production, marketing, and export of sports food supplements and functional nutrition products in Italy. The company offers Enervit Sport, a line of food supplements for people practicing sports, as well as for muscle efficiency and recovery during and after exercise; EnerZona, a line of products primarily for mental and physical wellbeing; Enervit Protein that is used for health and diet products; and Enervit Gymline Muscle, a line of products for training athletes to develop muscles. It also exports its products to approximately 20 countries worldwide. The company was founded in 1954 and is headquartered in Milan, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 21:34
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
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.