BIT:VTY

Stock Analysis Report

Executive Summary

Vetrya S.p.A. develops services and solutions on communication channels and digital media.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.9%

VTY

1.4%

IT Software

0.6%

IT Market


1 Year Return

-11.1%

VTY

32.2%

IT Software

15.3%

IT Market

Return vs Industry: VTY underperformed the Italian Software industry which returned 32.2% over the past year.

Return vs Market: VTY underperformed the Italian Market which returned 15.3% over the past year.


Shareholder returns

VTYIndustryMarket
7 Day6.9%1.4%0.6%
30 Day-22.1%-2.7%1.0%
90 Day-21.0%-1.3%1.0%
1 Year-11.1%-11.1%34.1%32.2%20.6%15.3%
3 Year-5.0%-7.0%70.6%61.3%27.0%8.2%
5 Yearn/a109.7%93.6%21.3%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

32.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VTY (€5.58) is trading above our estimate of fair value (€1.48)

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


Price To Earnings Ratio

PE vs Industry: VTY is good value based on its PE Ratio (32.8x) compared to the Software industry average (43.3x).

PE vs Market: VTY is poor value based on its PE Ratio (32.8x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VTY is good value based on its PB Ratio (1.9x) compared to the IT Software industry average (3.4x).


Next Steps

Future Growth

How is Vetrya forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VTY's earnings are forecast to decline over the next 3 years (-1.1% per year).

Earnings vs Market: VTY's earnings are forecast to decline over the next 3 years (-1.1% per year).

High Growth Earnings: VTY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if VTY's revenue is forecast to grow faster than the Italian market.

High Growth Revenue: Insufficient data to determine if VTY's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Vetrya performed over the past 5 years?

15.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VTY's earnings have grown by 15.4% per year over the past 5 years.

Accelerating Growth: VTY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VTY had negative earnings growth (-66.6%) over the past year, making it difficult to compare to the Software industry average (7.3%).


Return on Equity

High ROE: VTY's Return on Equity (5.7%) is considered low.


Return on Assets

ROA vs Industry: VTY's Return on Assets is below or equal to the Software industry average last year.


Return on Capital Employed

ROCE Improving: VTY is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Vetrya's financial position?


Financial Position Analysis

Short Term Liabilities: VTY's short term assets (€42.7M) exceeds its short term liabilities (€42.3M)

Long Term Liabilities: VTY's short term assets (42.7M) exceeds its long term liabilities (8.3M)


Debt to Equity History and Analysis

Debt Level: VTY's debt to equity ratio (71%) is considered high

Reducing Debt: VTY's debt to equity ratio has reduced from 253% to 71% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if VTY's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: VTY's debt is covered by short term assets (assets are 3.043410x debt).


Next Steps

Dividend

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

2.87%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%2.1%markettop25%4.4%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VTY's dividend (2.87%) is higher than the bottom 25% of dividend payers in the Italian market (2.08%).

High Dividend: VTY's dividend (2.87%) is low compared to the top 25% of dividend payers in the Italian market (4.4%).

Stable Dividend: Whilst dividend payments have been stable, VTY has been paying a dividend for less than 10 years.

Growing Dividend: VTY has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (93.9%), VTY's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Vetrya's salary, the management and board of directors tenure and is there insider trading?

9.0yrs

Average management tenure


CEO

Luca Tomassini (54yo)

9.2yrs

Tenure

0

Engineer Luca Tomassini has been Founder, Chief Executive Officer at Vetrya S.p.A., since August 2010 and serves as its President since August 2010. Engineer Tomassini serves as the Chairman of The Board o ...


Management Age and Tenure

9.0yrs

Average Tenure

52yo

Average Age

Experienced Management: VTY's management team is seasoned and experienced (9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Luca Tomassini (54yo)

    Founder

    • Tenure: 9.2yrs
  • Katia Sagrafena (52yo)

    Co-Founder

    • Tenure: 0yrs
  • Alessandro Prili (50yo)

    Co-Founder

    • Tenure: 0yrs
  • Elisa Baffo (43yo)

    CFO, Finance & Accounting Manager and Director

    • Tenure: 0yrs
  • Edoardo Narduzzi (55yo)

    Partner & Director

    • Tenure: 0yrs
  • Susi Sagrafena

    Chief Privacy Legal

    • Tenure: 0yrs
  • Francesco Fuiano

    Chief Partnership & Strategy Officer

    • Tenure: 0.8yrs

Board Members

  • Oscar Cicchetti (68yo)

    Independent Director

    • Tenure: 0yrs
  • Luca Tomassini (54yo)

    Founder

    • Tenure: 9.2yrs
  • Katia Sagrafena (52yo)

    Co-Founder

    • Tenure: 0yrs
  • Alessandro Prili (50yo)

    Co-Founder

    • Tenure: 0yrs
  • Elisa Baffo (43yo)

    CFO, Finance & Accounting Manager and Director

    • Tenure: 0yrs
  • Edoardo Narduzzi (55yo)

    Partner & Director

    • Tenure: 0yrs
  • Pellegrino Cataffo (69yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 6.5yrs
  • Tiziana Pigliautile (58yo)

    Statutory Auditor

    • Tenure: 0yrs
  • Nunzia Giannetto (60yo)

    Statutory Auditor

    • Tenure: 9.3yrs

Company Information

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


Key Information

  • Name: Vetrya S.p.A.
  • Ticker: VTY
  • Exchange: BIT
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €36.734m
  • Shares outstanding: 6.58m
  • Website: https://www.vetrya.com

Location

  • Vetrya S.p.A.
  • Via dell'Innovazione, 1
  • Orvieto
  • Terni
  • 5018
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VTYBIT (Borsa Italiana)YesCommon StockITEURJul 2016

Biography

Vetrya S.p.A. develops services and solutions on communication channels and digital media. It develops and implements solutions and services for telecommunication networks broadband platforms for the distr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:41
End of Day Share Price2019/10/22 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.