Zignago Vetro S.p.A., together with its subsidiaries, produces and markets hollow glass containers for food and beverage, cosmetics, perfumery, and specialty glass markets in Italy, rest of Europe, and internationally. More Details
Excellent balance sheet established dividend payer.
Share Price & News
How has Zignago Vetro's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ZV is less volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ZV's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ZV underperformed the Italian Packaging industry which returned 13% over the past year.
Return vs Market: ZV exceeded the Italian Market which returned -11.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Zignago Vetro's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StA Look At The Intrinsic Value Of Zignago Vetro S.p.A. (BIT:ZV)
2 weeks ago | Simply Wall StWould Zignago Vetro S.p.A. (BIT:ZV) Be Valuable To Income Investors?
1 month ago | Simply Wall StZignago Vetro (BIT:ZV) Has Gifted Shareholders With A Fantastic 175% Total Return On Their Investment
Is Zignago Vetro undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ZV (€13.96) is trading below our estimate of fair value (€14.26)
Significantly Below Fair Value: ZV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ZV is poor value based on its PE Ratio (29.3x) compared to the XE Packaging industry average (17.2x).
PE vs Market: ZV is poor value based on its PE Ratio (29.3x) compared to the Italian market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: ZV is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: ZV is overvalued based on its PB Ratio (5.7x) compared to the XE Packaging industry average (1.9x).
How is Zignago Vetro forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZV's forecast earnings growth (20.7% per year) is above the savings rate (1.9%).
Earnings vs Market: ZV's earnings (20.7% per year) are forecast to grow slower 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: ZV's revenue (12.7% per year) is forecast to grow faster than the Italian market (3.2% per year).
High Growth Revenue: ZV's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZV's Return on Equity is forecast to be high in 3 years time (23.4%)
How has Zignago Vetro performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZV has high quality earnings.
Growing Profit Margin: ZV's current net profit margins (13.4%) are lower than last year (15.7%).
Past Earnings Growth Analysis
Earnings Trend: ZV's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: ZV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ZV had negative earnings growth (-15.6%) over the past year, making it difficult to compare to the Packaging industry average (20.9%).
Return on Equity
High ROE: Whilst ZV's Return on Equity (20.06%) is high, this metric is skewed due to their high level of debt.
How is Zignago Vetro's financial position?
Financial Position Analysis
Short Term Liabilities: ZV's short term assets (€244.7M) exceed its short term liabilities (€178.3M).
Long Term Liabilities: ZV's short term assets (€244.7M) exceed its long term liabilities (€175.8M).
Debt to Equity History and Analysis
Debt Level: ZV's debt to equity ratio (123.5%) is considered high.
Reducing Debt: ZV's debt to equity ratio has reduced from 147.6% to 123.5% over the past 5 years.
Debt Coverage: ZV's debt is well covered by operating cash flow (31%).
Interest Coverage: ZV's interest payments on its debt are well covered by EBIT (27.1x coverage).
What is Zignago Vetro current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ZV's dividend (3.02%) is higher than the bottom 25% of dividend payers in the Italian market (1.43%).
High Dividend: ZV's dividend (3.02%) is low compared to the top 25% of dividend payers in the Italian market (4.57%).
Stability and Growth of Payments
Stable Dividend: ZV's dividends per share have been stable in the past 10 years.
Growing Dividend: ZV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.5%), ZV's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ZV's dividends in 3 years are forecast to be covered by earnings (69.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Paolo Giacobbo (71 yo)
Engineer Paolo Giacobbo has been the Chief Executive Officer of Zignago Vetro S.p.A. since April 28, 2011 and serves as its Chairman. Engineer Giacobbo has been Executive Director of Zignago Vetro S.p.A. s...
CEO Compensation Analysis
Compensation vs Market: Paolo's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.69M).
Compensation vs Earnings: Paolo's compensation has been consistent with company performance over the past year.
|Chairman & CEO||9.75yrs||€525.46k||no data|
|Director & Director General for Italy||1.67yrs||no data||no data|
|Non-Executive Director||13.83yrs||€36.00k||no data|
|Deputy Chairman||no data||€36.00k||no data|
|Non-Executive Director||13.83yrs||€24.00k||no data|
|Non-Executive Director||13.83yrs||€48.00k||no data|
|Lead Independent Director||no data||no data||no data|
|Non-Executive Director||13.83yrs||€36.00k||no data|
|Vice Chairman of Vetri Speciali SpA||no data||no data||no data|
|Independent Director||7.75yrs||€24.00k||no data|
|Independent Director||4.75yrs||no data||no data|
|Chairman of Statutory Auditors Board||no data||no data||no data|
Experienced Board: ZV's board of directors are seasoned and experienced ( 13.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Zignago Vetro S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Zignago Vetro S.p.A.
- Ticker: ZV
- Exchange: BIT
- Industry: Metal and Glass Containers
- Sector: Materials
- Market Cap: €1.224b
- Shares outstanding: 87.69m
- Website: https://www.gruppozignagovetro.com
Number of Employees
- Zignago Vetro S.p.A.
- Via Ita Marzotto 8
- Fossalta di Portogruaro
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ZV||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Jun 2007|
|ZVB||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2007|
|0NNC||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jun 2007|
|ZVM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Jun 2007|
Zignago Vetro S.p.A., together with its subsidiaries, produces and markets hollow glass containers for food and beverage, cosmetics, perfumery, and specialty glass markets in Italy, rest of Europe, and int...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 20:15|
|End of Day Share Price||2021/01/15 00:00|
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.