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
Rewards
Risk Analysis
+ 1 more risk
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
| NDT | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.3% | -3.0% | -2.2% |
| 30 Day | 11.5% | 1.8% | 0.5% |
| 90 Day | 40.9% | 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 Year | n/a | 135.4%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
5 days ago | Simply Wall St
Here's Why We Don't Think Neodecortech's (BIT:NDT) Statutory Earnings Reflect Its Underlying Earnings Potential3 weeks ago | Simply Wall St
Should You Investigate Neodecortech S.p.A. (BIT:NDT) At €2.70?1 month ago | Simply Wall St
The Returns At Neodecortech (BIT:NDT) Provide Us With Signs Of What's To ComeValuation
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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NDT | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Sep 2017 |
| 0DEQ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 20:17 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.