BIT:POR

Stock Analysis Report

Executive Summary

Portobello S.P.A. engages in the retail sale of various products.


Snowflake Analysis

Good value with acceptable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: POR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.6%

POR

-1.3%

IT Retail Distributors

-0.2%

IT Market


1 Year Return

106.9%

POR

18.7%

IT Retail Distributors

15.8%

IT Market

Return vs Industry: POR exceeded the Italian Retail Distributors industry which returned 18.7% over the past year.

Return vs Market: POR exceeded the Italian Market which returned 15.8% over the past year.


Shareholder returns

PORIndustryMarket
7 Day-0.6%-1.3%-0.2%
30 Day-2.5%-3.2%3.8%
90 Day1.1%2.8%5.3%
1 Year106.9%106.9%22.7%18.7%20.8%15.8%
3 Yearn/a13.2%2.1%39.2%25.2%
5 Yearn/a34.3%15.2%15.5%-24.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: POR (€9.3) is trading below our estimate of fair value (€27.56)

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


Price To Earnings Ratio

PE vs Industry: POR is good value based on its PE Ratio (10.6x) compared to the Retail Distributors industry average (13.3x).

PE vs Market: POR is good value based on its PE Ratio (10.6x) compared to the Italian market (18.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: POR is overvalued based on its PB Ratio (3.9x) compared to the XE Retail Distributors industry average (1.6x).


Next Steps

Future Growth

How is Portobello forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if POR's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if POR's earnings are forecast to grow faster than the Italian market

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

Revenue vs Market: POR's revenue (19.7% per year) is forecast to grow faster than the Italian market (4.2% per year).

High Growth Revenue: POR's revenue (19.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: POR's Return on Equity is forecast to be high in 3 years time (25.5%)


Next Steps

Past Performance

How has Portobello performed over the past 5 years?

166.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: POR has a high level of non-cash earnings.

Growing Profit Margin: POR's current net profit margins (7.2%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if POR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare POR's past year earnings growth to its 5-year average.

Earnings vs Industry: POR earnings growth over the past year (166.1%) exceeded the Retail Distributors industry -0.3%.


Return on Equity

High ROE: POR's Return on Equity (36.6%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Portobello's financial position?


Financial Position Analysis

Short Term Liabilities: POR's short term assets (€26.2M) exceed its short term liabilities (€14.3M).

Long Term Liabilities: POR's short term assets (€26.2M) exceed its long term liabilities (€12.0M).


Debt to Equity History and Analysis

Debt Level: POR's debt to equity ratio (46.1%) is considered high.

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

Debt Coverage: POR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: POR's interest payments on its debt are well covered by EBIT (68.2x coverage).


Balance Sheet

Inventory Level: POR has a high level of physical assets or inventory.

Debt Coverage by Assets: POR's debt is covered by short term assets (assets are 8.7x debt).


Next Steps

Dividend

What is Portobello's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate POR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if POR's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of POR'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?

1.7yrs

Average board tenure


CEO

Simone Prete (38yo)

Mr. Simone Prete serves as Vice-President of the Board and Chief Executive Officer of Portobello S.p.A. since June 1, 2018. 


Board Members

NamePositionTenureCompensationOwnership
Simone Prete
VP of the Board & CEO0yrsno data22.09% 5.6m
Roberto Bacchi
President of the Board1.7yrsno datano data
Alessandro Cirone
President of the Board of Statutory Auditors1.7yrsno datano data
Pietro Peligra
Director1.7yrsno datano data
Fabio Pignatelli
Independent Director1.7yrsno datano data
Massimo Veneziano
Standing Auditor1.7yrsno datano data
Barbara Molle
Standing Auditor1.7yrsno datano data

1.7yrs

Average Tenure

57yo

Average Age

Experienced Board: POR's board of directors are not considered experienced ( 1.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Portobello S.p.A.
  • Ticker: POR
  • Exchange: BIT
  • Founded:
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: €25.257m
  • Shares outstanding: 2.72m
  • Website: https://www.portobello-club.com

Location

  • Portobello S.p.A.
  • Via Alessandro Torlonia 4/B
  • Rome
  • Rome
  • 161
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PORBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2018

Biography

Portobello S.P.A. engages in the retail sale of various products. It offers home hygiene, personal hygiene, houseware, beauty, toy, textile, clothing, jewelry, electronics, DIY, and other products, as well as household appliances through its retail shops and online. The company is based in Rome, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:46
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.