BIT:RLT

Stock Analysis Report

Executive Summary

Relatech S.p.A. provides various digital solutions.


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RLT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

34.8%

RLT

8.6%

IT Software

6.8%

IT Market


1 Year Return

n/a

RLT

1.4%

IT Software

-24.5%

IT Market

Return vs Industry: Insufficient data to determine how RLT performed against the Italian Software industry.

Return vs Market: Insufficient data to determine how RLT performed against the Italian Market.


Shareholder returns

RLTIndustryMarket
7 Day34.8%8.6%6.8%
30 Day47.6%-8.4%-22.4%
90 Day116.1%-15.9%-27.8%
1 Yearn/a2.5%1.4%-21.2%-24.5%
3 Yearn/a-16.7%-20.1%-12.2%-20.9%
5 Yearn/a37.1%25.9%-23.0%-49.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

36.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RLT (€4.96) is trading above our estimate of fair value (€2.87)

Significantly Below Fair Value: RLT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RLT is good value based on its PE Ratio (36.8x) compared to the Software industry average (36.8x).

PE vs Market: RLT is poor value based on its PE Ratio (36.8x) compared to the Italian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: RLT is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: RLT is overvalued based on its PB Ratio (6.5x) compared to the IT Software industry average (3.2x).


Next Steps

Future Growth

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

24.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RLT's forecast earnings growth (24.5% per year) is above the savings rate (1.2%).

Earnings vs Market: RLT's earnings (24.5% per year) are forecast to grow faster than the Italian market (11.4% per year).

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

Revenue vs Market: RLT's revenue (16.2% per year) is forecast to grow faster than the Italian market (0.1% per year).

High Growth Revenue: RLT's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RLT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Relatech performed over the past 5 years?

7.3%

Last years earnings growth


Earnings and Revenue History

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

Growing Profit Margin: RLT's current net profit margins (8.1%) are lower than last year (9.6%).


Past Earnings Growth Analysis

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

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

Earnings vs Industry: RLT earnings growth over the past year (7.3%) exceeded the Software industry -25.5%.


Return on Equity

High ROE: RLT's Return on Equity (18.4%) is considered low.


Next Steps

Financial Health

How is Relatech's financial position?


Financial Position Analysis

Short Term Liabilities: RLT's short term assets (€11.4M) exceed its short term liabilities (€5.7M).

Long Term Liabilities: RLT's short term assets (€11.4M) exceed its long term liabilities (€2.4M).


Debt to Equity History and Analysis

Debt Level: RLT's debt to equity ratio (38.6%) is considered satisfactory.

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

Debt Coverage: RLT's debt is well covered by operating cash flow (63.8%).

Interest Coverage: RLT's interest payments on its debt are well covered by EBIT (78.5x coverage).


Balance Sheet

Inventory Level: RLT has a low level of unsold assets or inventory.

Debt Coverage by Assets: RLT's debt is covered by short term assets (assets are 4.1x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate RLT'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 RLT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RLT'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 RLT'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?


CEO

Pasquale Lambardi

no data

Tenure

Ing. Pasquale Lambardi is Founder, President, Chairman and Chief Executive Officer of Relatech Srl. 


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: RLT only recently listed within the past 12 months, with total shares outstanding growing by 13235.6% in the past year..


Top Shareholders

Company Information

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


Key Information

  • Name: Relatech S.p.A.
  • Ticker: RLT
  • Exchange: BIT
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €45.834m
  • Shares outstanding: 9.33m
  • Website: https://www.relatech.com

Location

  • Relatech S.p.A.
  • Viale Ercole Marelli, 165
  • Sesto San Giovanni
  • Milano
  • Milan
  • 20099
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RLTBIT (Borsa Italiana)YesShare CapitalITEURJun 2019

Biography

Relatech S.p.A. provides various digital solutions. It offers solutions, comprising projects and services in digital customer experience, big data, artificial intelligence, blockchain and IoT field through its digital platform RePlatform. The company operates RePlatform, a cloud based customizable platform for the digital transformation process of business. It serves pharma and healthcare, retail and fashion, food and agrifood, telco, energy and utilities, banking and insurance, and industrial and logistics industries. The company is headquartered in Milano, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 00:50
End of Day Share Price2020/03/30 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.