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GRAL

Grifal BIT:GRAL Stock Report

Last Price

€2.50

Market Cap

€28.6m

7D

-6.0%

1Y

-27.7%

Updated

05 Jul, 2022

Data

Company Financials +
GRAL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance0/6
Financial Health2/6
Dividends0/6

GRAL Stock Overview

Grifal S.p.A. provides packaging solutions in Italy and rest of Europe.

Grifal Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Grifal
Historical stock prices
Current Share Price€2.50
52 Week High€4.97
52 Week Low€2.50
Beta1.57
1 Month Change-18.57%
3 Month Change-23.08%
1 Year Change-27.75%
3 Year Change-42.00%
5 Year Changen/a
Change since IPO-16.67%

Recent News & Updates

Jun 14
Would Grifal (BIT:GRAL) Be Better Off With Less Debt?

Would Grifal (BIT:GRAL) Be Better Off With Less Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Oct 26
Grifal (BIT:GRAL) Is Carrying A Fair Bit Of Debt

Grifal (BIT:GRAL) Is Carrying A Fair Bit Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

GRALIT PackagingIT Market
7D-6.0%-5.3%-5.6%
1Y-27.7%-24.8%-19.5%

Return vs Industry: GRAL underperformed the Italian Packaging industry which returned -23.8% over the past year.

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

Price Volatility

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

Stable Share Price: GRAL is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GRAL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969110Fabio Grittihttps://www.grifal.it

Grifal S.p.A. provides packaging solutions in Italy and rest of Europe. It offers corrugated cardboard packaging solutions, such as flexible inserts, blocking and bracing, separators, protection and void fill, cushioning bottoms, custom-cut inserts, and edge protection solutions, as well as cushioning boxes; cushion paper packaging solutions for protection, separation, blocking, wrapping, and filling applications; rolls or sheets; and protective packaging solutions under the cArtù, Mondaplen, cushionPaper, and inspiropack brands. The company was founded in 1969 and is based in Cologno Al Serio, Italy.

Grifal Fundamentals Summary

How do Grifal's earnings and revenue compare to its market cap?
GRAL fundamental statistics
Market Cap€28.55m
Earnings (TTM)-€836.50k
Revenue (TTM)€30.08m

0.9x

P/S Ratio

-34.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRAL income statement (TTM)
Revenue€30.08m
Cost of Revenue€18.99m
Gross Profit€11.10m
Other Expenses€11.93m
Earnings-€836.50k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.073
Gross Margin36.88%
Net Profit Margin-2.78%
Debt/Equity Ratio77.2%

How did GRAL perform over the long term?

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

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GRAL 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/Revenue1.4x
Enterprise Value/EBITDA19.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does GRAL's PS Ratio compare to its peers?

GRAL PS Ratio vs Peers
The above table shows the PS ratio for GRAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1x
NDT Neodecortech
0.2x3.6%€46.6m
ICF Industrie Chimiche Forestali
0.5xn/a€38.8m
CULT Culti Milano
2.1x13.2%€43.5m
RPPL Rajshree Polypack
1xn/a₹2.1b
GRAL Grifal
0.9x24.6%€28.6m

Price-To-Sales vs Peers: GRAL is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (1x).


Price to Earnings Ratio vs Industry

How does GRAL's PE Ratio compare vs other companies in the European Packaging Industry?

Price-To-Sales vs Industry: GRAL is expensive based on its Price-To-Sales Ratio (0.9x) compared to the European Packaging industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

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

GRAL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: GRAL is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).


Share Price vs Fair Value

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

Below Fair Value: GRAL (€2.5) is trading below our estimate of fair value (€55.87)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


76.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRAL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: GRAL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GRAL is expected to become profitable in the next 3 years.

Revenue vs Market: GRAL's revenue (24.6% per year) is forecast to grow faster than the Italian market (0.3% per year).

High Growth Revenue: GRAL's revenue (24.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GRAL's Return on Equity is forecast to be high in 3 years time (24.1%)


Discover growth companies

Past Performance

How has Grifal performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-70.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRAL is currently unprofitable.

Growing Profit Margin: GRAL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GRAL is unprofitable, and losses have increased over the past 5 years at a rate of 70.9% per year.

Accelerating Growth: Unable to compare GRAL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GRAL is unprofitable, making it difficult to compare its past year earnings growth to the Packaging industry (19%).


Return on Equity

High ROE: GRAL has a negative Return on Equity (-5.01%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Grifal's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GRAL's short term assets (€17.4M) exceed its short term liabilities (€15.6M).

Long Term Liabilities: GRAL's short term assets (€17.4M) exceed its long term liabilities (€9.9M).


Debt to Equity History and Analysis

Debt Level: GRAL's net debt to equity ratio (74.6%) is considered high.

Reducing Debt: Insufficient data to determine if GRAL's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GRAL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GRAL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Grifal 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


1.73%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate GRAL'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 GRAL's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

2.5yrs

Average board tenure


CEO

Fabio Gritti (66 yo)

no data

Tenure

Mr. Fabio Angelo Gritti serves as the President of the Board and Chief Executive Officer at Grifal S.p.A. He joined Grifal S.p.A. in 1980. He holds numerous product and process patents internationally and...


Board Members

Experienced Board: GRAL's board of directors are not considered experienced ( 2.5 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 been diluted in the past year, with total shares outstanding growing by 6.3%.


Top Shareholders

Company Information

Grifal S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Grifal S.p.A.
  • Ticker: GRAL
  • Exchange: BIT
  • Founded: 1969
  • Industry: Paper Packaging
  • Sector: Materials
  • Implied Market Cap: €28.554m
  • Shares outstanding: 11.42m
  • Website: https://www.grifal.it

Number of Employees


Location

  • Grifal S.p.A.
  • Via XXIV Maggio, 1
  • Cologno Al Serio
  • Bergamo
  • 24055
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/05 00:00
Earnings2021/12/31
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.