BIT:NET

Stock Analysis Report

Executive Summary

Net Insurance S.p.A. provides insurance and reinsurance products and services in Italy.

Snowflake

Fundamentals

Good value with reasonable growth potential.

Risks

  • Net Insurance is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.2%

BIT:NET

0.9%

IT Insurance

-0.1%

IT Market


1 Year Return

6.3%

BIT:NET

18.1%

IT Insurance

-3.6%

IT Market

NET underperformed the Insurance industry which returned 19.4% over the past year.

NET outperformed the Market in Italy which returned -1.5% over the past year.


Share holder returns

NETIndustryMarket
7 Day3.2%0.9%-0.1%
30 Day9.1%-2.9%-4.7%
90 Day25.4%0.7%-1.7%
1 Year6.3%6.3%24.5%18.1%0.5%-3.6%
3 Year-43.3%-43.3%74.7%48.3%20.4%4.0%
5 Year-78.3%-78.3%30.7%-2.7%7.2%-36.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Net Insurance undervalued based on future cash flows and its price relative to the stock market?

4.48x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Net Insurance's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Net Insurance's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Net Insurance is good value based on earnings compared to the IT Insurance industry average.

Net Insurance is good value based on earnings compared to the Italy market.


Price Based on Expected Growth

Net Insurance is good value based on expected growth next year.


Price Based on Value of Assets

Net Insurance is good value based on assets compared to the IT Insurance industry average.


Next Steps

Future Growth

How is Net Insurance expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

17.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Net Insurance's revenue is expected to grow significantly at over 20% yearly.

Net Insurance's earnings are expected to grow by 17.9% yearly, however this is not considered high growth (20% yearly).

Net Insurance's revenue growth is expected to exceed the Italy market average.

Net Insurance's earnings growth is expected to exceed the Italy market average.

Net Insurance's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Net Insurance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Net Insurance performed over the past 5 years?

44.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Net Insurance has delivered over 20% year on year earnings growth in the past 5 years.

Net Insurance's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Net Insurance's 1-year earnings growth is negative, it can't be compared to the IT Insurance industry average.


Return on Equity

Net Insurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Net Insurance used its assets less efficiently than the IT Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Net Insurance has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Net Insurance's financial position?


Financial Position Analysis

Net Insurance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Net Insurance's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Net Insurance's level of debt (19.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.4% vs 19.4% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 8.8x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 15.5x debt.


Next Steps

Dividend

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

3.67%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Net Insurance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Net Insurance's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Net Insurance has not reported any payouts.

Unable to verify if Net Insurance's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Net Insurance has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3x coverage).


Next Steps

Management

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


CEO

Giuseppe Caruso 0

0.0yrs

Tenure

0

Mr. Giuseppe Caruso serves as the Chief Executive Officer and General Director of Net Insurance S.p.A. Mr. Caruso served as Managing Director of Net Insurance S.p.A. He serves as a Director at Net Insuranc ...


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Giuseppe Caruso

    CEO, General Director & Director

    • Tenure: 0.0yrs
  • Luigi Aiudi

    Financial Reporting Officer

    • Tenure: 0.0yrs

Board Members

  • Giuseppe Caruso

    CEO, General Director & Director

    • Tenure: 0.0yrs
  • Francesca Amato

    Director

    • Tenure: 0.0yrs
  • Renato Amato

    Chairman of the Board

    • Tenure: 0.0yrs
  • Francesco Rocchi

    Director

    • Tenure: 19.3yrs
  • Luigi Passeri

    Director

    • Tenure: 0.0yrs
  • Maria Monti

    Director

    • Tenure: 0.0yrs
  • Paolo De Angelis

    Independent Director

    • Tenure: 0.0yrs
  • Francesco Perrotta

    Chairman of the Board of Statutory Auditors

    • Tenure: 0.0yrs
  • Gaia Sanzarello

    Independent Director

    • Tenure: 0.0yrs
  • Cesare Colombi

    Director

    • Tenure: 0.0yrs

Company Information

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


Key Information

  • Name: Net Insurance S.p.A.
  • Ticker: NET
  • Exchange: BIT
  • Founded: 2000
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €78.626m
  • Shares outstanding: 17.32m
  • Website: https://www.netinsurance.it

Location

  • Net Insurance S.p.A.
  • Via Giuseppe Antonio Guattani, 4
  • Rome
  • Rome
  • 161
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NETBIT (Borsa Italiana)YesCommon SharesITEURDec 2013

Biography

Net Insurance S.p.A. provides insurance and reinsurance products and services in Italy. It offers term life insurance products; and accident, fire mortgage, rent landlord protection, credit protection, RC  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 21:45
End of Day Share Price2019/08/20 00:00
Earnings2018/12/31
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.