BIT:NDT

Stock Analysis Report

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Executive Summary

Neodecortech S.p.A. produces and markets decorative papers for industrial sectors in Italy, Europe, Asia, the United States, and internationally. More Details


Snowflake Analysis

Very undervalued with reasonable growth potential and pays a dividend.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NDT is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NDT's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-8.3%

NDT

-3.0%

IT Forestry

-2.2%

IT Market


1 Year Return

-16.2%

NDT

18.6%

IT Forestry

-11.1%

IT Market

Return vs Industry: NDT underperformed the Italian Forestry industry which returned 18.7% over the past year.

Return vs Market: NDT underperformed the Italian Market which returned -11.2% over the past year.


Shareholder returns

NDTIndustryMarket
7 Day-8.3%-3.0%-2.2%
30 Day11.5%1.8%0.5%
90 Day40.9%15.8%13.3%
1 Year-11.7%-16.2%22.4%18.6%-8.3%-11.1%
3 Year-4.3%-16.2%22.5%9.2%-3.9%-14.0%
5 Yearn/a135.4%38.2%25.4%-9.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

39.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NDT (€3.1) is trading below our estimate of fair value (€5.11)

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


Price To Earnings Ratio

PE vs Industry: NDT is good value based on its PE Ratio (13.3x) compared to the XE Forestry industry average (14.1x).

PE vs Market: NDT is good value based on its PE Ratio (13.3x) compared to the Italian market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: NDT is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: NDT is good value based on its PB Ratio (0.7x) compared to the XE Forestry industry average (1.2x).


Next Steps

Future Growth

How is Neodecortech forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

53.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NDT's forecast earnings growth (53.6% per year) is above the savings rate (1.9%).

Earnings vs Market: NDT's earnings (53.6% per year) are forecast to grow faster than the Italian market (21.6% per year).

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

Revenue vs Market: NDT's revenue (7.3% per year) is forecast to grow faster than the Italian market (3.2% per year).

High Growth Revenue: NDT's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NDT's Return on Equity is forecast to be low in 3 years time (9.5%).


Next Steps

Past Performance

How has Neodecortech performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NDT has a large one-off gain of €3.0M impacting its June 30 2020 financial results.

Growing Profit Margin: NDT's current net profit margins (2.5%) are lower than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: NDT's earnings have grown by 5.4% per year over the past 5 years.

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

Earnings vs Industry: NDT had negative earnings growth (-30.7%) over the past year, making it difficult to compare to the Forestry industry average (-4.8%).


Return on Equity

High ROE: NDT's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is Neodecortech's financial position?


Financial Position Analysis

Short Term Liabilities: NDT's short term assets (€63.3M) exceed its short term liabilities (€56.1M).

Long Term Liabilities: NDT's short term assets (€63.3M) exceed its long term liabilities (€34.1M).


Debt to Equity History and Analysis

Debt Level: NDT's debt to equity ratio (76.1%) is considered high.

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

Debt Coverage: NDT's debt is not well covered by operating cash flow (12.1%).

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


Balance Sheet


Next Steps

Dividend

What is Neodecortech current dividend yield, its reliability and sustainability?

4.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NDT's dividend (4.68%) is higher than the bottom 25% of dividend payers in the Italian market (1.43%).

High Dividend: NDT's dividend (4.68%) is in the top 25% of dividend payers in the Italian market (4.57%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NDT has been paying a dividend for less than 10 years.

Growing Dividend: NDT has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.2%), NDT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NDT's dividends in 3 years are forecast to be well covered by earnings (33.6% payout ratio).


Next Steps

Management

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


CEO

Cologni Luigi

no data

Tenure

Mr. Cologni Luigi serves as the Chief Executive Officer at Neodecortech S.p.A. and also serves as its Investor Relator. Mr. Luigi served as Chief Executive Officer and General Manager of Nicolini Cucine S....


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 2.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Neodecortech S.p.A.
  • Ticker: NDT
  • Exchange: BIT
  • Founded: 1947
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: €41.525m
  • Shares outstanding: 13.40m
  • Website: https://www.neodecortech.it

Number of Employees


Location

  • Neodecortech S.p.A.
  • Via Provinciale, 2
  • Filago
  • Bergamo
  • 24040
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NDTBIT (Borsa Italiana)YesOrdinary SharesITEURSep 2017
0DEQLSE (London Stock Exchange)YesOrdinary SharesGBEURSep 2017

Biography

Neodecortech S.p.A. produces and markets decorative papers for industrial sectors in Italy, Europe, Asia, the United States, and internationally. The company offers printed decorative papers, printed and m...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 20:17
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.