Executive Summary
Reno De Medici S.p.A. produces and distributes carton boards primarily in Europe. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Share Price & News
How has Reno De Medici's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RM is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: RM's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.4%
RM
-0.009%
IT Packaging
-3.6%
IT Market
1 Year Return
26.8%
RM
15.9%
IT Packaging
-11.6%
IT Market
Return vs Industry: RM exceeded the Italian Packaging industry which returned 15.9% over the past year.
Return vs Market: RM exceeded the Italian Market which returned -11.6% over the past year.
Shareholder returns
| RM | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -0.009% | -3.6% |
| 30 Day | 4.7% | 2.6% | -2.4% |
| 90 Day | 8.1% | 16.4% | 14.3% |
| 1 Year | 28.4%26.8% | 18.4%15.9% | -8.7%-11.6% |
| 3 Year | 62.4%58.0% | 23.5%12.4% | -7.4%-17.1% |
| 5 Year | 222.7%206.9% | 76.2%51.5% | 24.0%-3.6% |
Long-Term Price Volatility Vs. Market
How volatile is Reno De Medici's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Could The Reno De Medici S.p.A. (BIT:RM) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
Reno De Medici S.p.A.'s (BIT:RM) Stock's On An Uptrend: Are Strong Financials Guiding The Market?1 month ago | Simply Wall St
Investors Who Bought Reno De Medici (BIT:RM) Shares Five Years Ago Are Now Up 174%Valuation
Is Reno De Medici undervalued compared to its fair value and its price relative to the market?
24.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RM (€1.03) is trading below our estimate of fair value (€1.36)
Significantly Below Fair Value: RM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RM is good value based on its PE Ratio (16.2x) compared to the XE Packaging industry average (17.5x).
PE vs Market: RM is good value based on its PE Ratio (16.2x) compared to the Italian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: RM is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: RM is good value based on its PB Ratio (1.7x) compared to the XE Packaging industry average (1.9x).
Next Steps
Future Growth
How is Reno De Medici forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
8.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RM's forecast earnings growth (8.8% per year) is above the savings rate (1.9%).
Earnings vs Market: RM's earnings (8.8% per year) are forecast to grow slower than the Italian market (24.5% per year).
High Growth Earnings: RM's earnings are forecast to grow, but not significantly.
Revenue vs Market: RM's revenue (2.3% per year) is forecast to grow slower than the Italian market (4.1% per year).
High Growth Revenue: RM's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RM's Return on Equity is forecast to be low in 3 years time (13%).
Next Steps
Past Performance
How has Reno De Medici performed over the past 5 years?
25.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RM has a large one-off loss of €10.2M impacting its September 30 2020 financial results.
Growing Profit Margin: RM's current net profit margins (3.7%) are lower than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: RM's earnings have grown significantly by 25.5% per year over the past 5 years.
Accelerating Growth: RM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RM had negative earnings growth (-4.3%) over the past year, making it difficult to compare to the Packaging industry average (20.9%).
Return on Equity
High ROE: RM's Return on Equity (11%) is considered low.
Next Steps
Financial Health
How is Reno De Medici's financial position?
Financial Position Analysis
Short Term Liabilities: RM's short term assets (€243.6M) exceed its short term liabilities (€172.6M).
Long Term Liabilities: RM's short term assets (€243.6M) exceed its long term liabilities (€100.3M).
Debt to Equity History and Analysis
Debt Level: RM's debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: RM's debt to equity ratio has reduced from 35.5% to 25.9% over the past 5 years.
Debt Coverage: RM's debt is well covered by operating cash flow (100.6%).
Interest Coverage: RM's interest payments on its debt are well covered by EBIT (98.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Reno De Medici current dividend yield, its reliability and sustainability?
0.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RM's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.41%).
High Dividend: RM's dividend (0.78%) is low compared to the top 25% of dividend payers in the Italian market (4.68%).
Stability and Growth of Payments
Stable Dividend: RM is not paying a notable dividend for the Italian market, therefore no need to check if payments are stable.
Growing Dividend: RM is not paying a notable dividend for the Italian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: RM is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RM's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Michele Bianchi (49 yo)
4.17yrs
Tenure
Mr. Michele Bianchi has been President and Chief Executive Officer of Reno De Medici S.p.A. since November 2, 2016. Mr. Bianchi has been General Manager of Reno De Medici S.p.A. since November 2016 and Exe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, GM & Executive Director | 4.17yrs | no data | no data | |
| Chief Financial Officer | 2.33yrs | no data | no data | |
| Investor Relations Officer | 2.75yrs | no data | no data | |
| Marketing and Sales Manager | no data | no data | no data | |
| Head of Human Resources | 11.08yrs | no data | no data | |
| Head of Procurement & Logistics | 11.33yrs | no data | no data | |
| Executive Officer | no data | no data | no data |
4.2yrs
Average Tenure
Experienced Management: RM's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, GM & Executive Director | 4.17yrs | no data | no data | |
| Honorary Chairman of the Board | no data | €454.48k | no data | |
| Chairman of Reno De Medici Iberica S L | no data | €78.75k | no data | |
| Chairman of the Board | 3.75yrs | no data | no data | |
| Non-Executive Director | 4.58yrs | no data | no data | |
| Chairman of the Board of Statutory Auditors | no data | no data | no data | |
| Independent Director | 9.75yrs | €13.33k | 0.040% € 154.7k | |
| Statutory Auditor | no data | €45.00k | no data | |
| Non-Executive-Independent Director | no data | €90.00k | no data | |
| Independent Director | 3.75yrs | no data | no data | |
| Statutory Auditor | no data | no data | no data | |
| Director | 3.75yrs | no data | no data |
4.0yrs
Average Tenure
55yo
Average Age
Experienced Board: RM's board of directors are considered experienced (4 years average tenure).
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Reno De Medici S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Reno De Medici S.p.A.
- Ticker: RM
- Exchange: BIT
- Founded: 1967
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: €387.619m
- Shares outstanding: 375.60m
- Website: https://www.rdmgroup.com
Number of Employees
Location
- Reno De Medici S.p.A.
- Viale Isonzo 25
- Milan
- Milan
- 20135
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RM | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Dec 1997 |
| RDM | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Dec 1997 |
| 0K69 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Dec 1997 |
| RMM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 1997 |
| RMD | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 1997 |
| RDME | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 1997 |
Biography
Reno De Medici S.p.A. produces and distributes carton boards primarily in Europe. The company operates through White Lined Chipboard and Folding Box Board segments. It offers coated recycled carton boards;...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 20:29 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| 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.