BIT:CALT

Stock Analysis Report

Executive Summary

Caltagirone SpA, through its subsidiaries, engages in the cement, real estate, finance, and publishing activities.


Snowflake Analysis

Undervalued with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.3%

CALT

0.4%

IT Basic Materials

-0.6%

IT Market


1 Year Return

28.6%

CALT

27.2%

IT Basic Materials

19.0%

IT Market

Return vs Industry: CALT exceeded the Italian Basic Materials industry which returned 27.2% over the past year.

Return vs Market: CALT exceeded the Italian Market which returned 19% over the past year.


Shareholder returns

CALTIndustryMarket
7 Day-0.3%0.4%-0.6%
30 Day7.0%2.8%-0.6%
90 Day7.4%8.3%5.1%
1 Year32.4%28.6%31.2%27.2%24.4%19.0%
3 Year57.5%46.1%4.6%-3.8%29.6%10.3%
5 Year72.4%53.0%32.0%15.2%32.3%-13.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

30.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CALT (€2.92) is trading below our estimate of fair value (€4.2)

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


Price To Earnings Ratio

PE vs Industry: CALT is good value based on its PE Ratio (7.4x) compared to the Basic Materials industry average (13x).

PE vs Market: CALT is good value based on its PE Ratio (7.4x) compared to the Italian market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CALT is good value based on its PB Ratio (0.3x) compared to the XE Basic Materials industry average (1.1x).


Next Steps

Future Growth

How is Caltagirone forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.9%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Caltagirone has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Caltagirone performed over the past 5 years?

17.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CALT has high quality earnings.

Growing Profit Margin: CALT's current net profit margins (3.3%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: CALT's earnings have grown by 17.8% per year over the past 5 years.

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

Earnings vs Industry: CALT had negative earnings growth (-50.1%) over the past year, making it difficult to compare to the Basic Materials industry average (26.1%).


Return on Equity

High ROE: CALT's Return on Equity (4.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Caltagirone's financial position?


Financial Position Analysis

Short Term Liabilities: CALT's short term assets (€1.0B) exceed its short term liabilities (€483.8M).

Long Term Liabilities: CALT's short term assets (€1.0B) do not cover its long term liabilities (€1.1B).


Debt to Equity History and Analysis

Debt Level: CALT's debt to equity ratio (35.8%) is considered satisfactory.

Reducing Debt: CALT's debt to equity ratio has increased from 23.7% to 35.8% over the past 5 years.

Debt Coverage: CALT's debt is well covered by operating cash flow (26.2%).

Interest Coverage: CALT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: CALT's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

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

2.40%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%2.0%markettop25%4.3%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CALT's dividend (2.4%) is higher than the bottom 25% of dividend payers in the Italian market (1.96%).

High Dividend: CALT's dividend (2.4%) is low compared to the top 25% of dividend payers in the Italian market (4.34%).


Stability and Growth of Payments

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

Growing Dividend: CALT's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.7%), CALT's dividend payments are well 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 Caltagirone's salary, the management and board of directors tenure and is there insider trading?


CEO

Caltagirone has no CEO, or we have no data on them.


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

  • Mario Delfini (79yo)

    Financial Reporting Officer and Director

    • Tenure: 0yrs
    • Compensation: €126.00k

Board Members

  • Francesco Caltagirone (76yo)

    Chairman

    • Tenure: 5.6yrs
  • Albino Majore (74yo)

    Director

    • Tenure: 0yrs
    • Compensation: €6.00k
  • Mario Delfini (79yo)

    Financial Reporting Officer and Director

    • Tenure: 0yrs
    • Compensation: €126.00k
  • Azzurra Caltagirone (46yo)

    Vice Chairman of the Board of Directors

    • Tenure: 0yrs
    • Compensation: €250.00k
  • Giampiero Tasco

    Chairman of the Board of Statutory Auditors

    • Tenure: 0yrs
    • Compensation: €22.50k
  • Francesco Caltagirone (51yo)

    Director

    • Tenure: 0yrs
  • Alessandro Caltagirone (50yo)

    Director

    • Tenure: 0yrs
  • Tatiana Caltagirone (52yo)

    Director

    • Tenure: 0yrs
  • Elisabetta Caltagirone

    Director

    • Tenure: 0yrs
  • Sarah Moscatelli

    Independent Director

    • Tenure: 0yrs

Company Information

Caltagirone SpA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Caltagirone SpA
  • Ticker: CALT
  • Exchange: BIT
  • Founded:
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: €351.952m
  • Shares outstanding: 120.12m
  • Website: https://www.caltagironespa.it

Location

  • Caltagirone SpA
  • Via Barberini 28
  • Rome
  • Rome
  • 187
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CALTBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
QCGBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 1992
0OIYLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
CALTMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Caltagirone SpA, through its subsidiaries, engages in the cement, real estate, finance, and publishing activities. The company is based in Rome, Italy. Caltagirone SpA is a subsidiary of Finanziaria Italia ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/08 20:51
End of Day Share Price2019/12/06 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.