Carel Industries S.p.A. provides control and IoT solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets in Italy and internationally.
Adequate balance sheet with acceptable track record.
Share Price & News
How has Carel Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CRL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CRL exceeded the Italian Electronic industry which returned 7.3% over the past year.
Return vs Market: CRL underperformed the Italian Market which returned 15.6% over the past year.
Price Volatility Vs. Market
How volatile is Carel Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StHere's What Carel Industries S.p.A.'s (BIT:CRL) P/E Is Telling Us
3 weeks ago | Simply Wall StInvestors Who Bought Carel Industries (BIT:CRL) Shares A Year Ago Are Now Up 25%
1 month ago | Simply Wall StDoes Carel Industries's (BIT:CRL) Statutory Profit Adequately Reflect Its Underlying Profit?
Is Carel Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CRL (€11.98) is trading above our estimate of fair value (€2.05)
Significantly Below Fair Value: CRL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CRL is poor value based on its PE Ratio (35.6x) compared to the Electronic industry average (11.8x).
PE vs Market: CRL is poor value based on its PE Ratio (35.6x) compared to the Italian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CRL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CRL is overvalued based on its PB Ratio (9x) compared to the IT Electronic industry average (1.7x).
How is Carel Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CRL's forecast earnings growth is above the savings rate (1.2%).
Earnings vs Market: Insufficient data to determine if CRL'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: CRL's revenue (7.2% per year) is forecast to grow faster than the Italian market (4.2% per year).
High Growth Revenue: CRL's revenue (7.2% 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 CRL's Return on Equity is forecast to be high in 3 years time
How has Carel Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRL has high quality earnings.
Growing Profit Margin: CRL's current net profit margins (10.7%) are lower than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: CRL's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: CRL's earnings growth over the past year (9.7%) is below its 5-year average (10.6% per year).
Earnings vs Industry: CRL earnings growth over the past year (9.7%) underperformed the Electronic industry 26.6%.
Return on Equity
High ROE: CRL's Return on Equity (25.1%) is considered high.
Return on Assets
Return on Capital Employed
How is Carel Industries's financial position?
Financial Position Analysis
Short Term Liabilities: CRL's short term assets (€190.1M) exceed its short term liabilities (€101.6M).
Long Term Liabilities: CRL's short term assets (€190.1M) exceed its long term liabilities (€120.5M).
Debt to Equity History and Analysis
Debt Level: CRL's debt to equity ratio (91.2%) is considered high.
Reducing Debt: Insufficient data to determine if CRL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CRL's debt is well covered by operating cash flow (30.9%).
Interest Coverage: CRL's interest payments on its debt are well covered by EBIT (46.1x coverage).
Inventory Level: CRL has a high level of physical assets or inventory.
Debt Coverage by Assets: CRL's debt is covered by short term assets (assets are 1.5x debt).
What is Carel Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CRL's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2%).
High Dividend: CRL's dividend (0.83%) is low compared to the top 25% of dividend payers in the Italian market (4.47%).
Stability and Growth of Payments
Stable Dividend: CRL is not paying a notable dividend for the Italian market, therefore no need to check if payments are stable.
Growing Dividend: CRL 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: CRL is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CRL's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Francesco Nalini (46yo)
Mr. Francesco Nalini serves as Chief Executive Officer of Carel Industries S.p.a and has been its Director since January 23, 2009. Mr. Nalini was employed at Carel S.p.A. in the position of Managing Direct ...
|CEO & Director||0yrs||no data||no data|
|Executive Member of the Board of Directors||1.9yrs||no data||no data|
|Lead Independent Director||0yrs||no data||no data|
|Executive Vice Chairman||11.1yrs||no data||29.52% €353.4m|
|Independent Director||0yrs||no data||no data|
|Chairman of the Board||11.1yrs||no data||45.28% €542.0m|
|Independent Member of the Board of Directors||1.9yrs||no data||no data|
|Chairman of the Board of Statutory Auditors||1.9yrs||no data||no data|
|Member of the Board of Statutory Auditors||1.9yrs||no data||no data|
|Member of the Board of Statutory Auditors||1.9yrs||no data||no data|
Experienced Board: CRL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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.
Carel Industries S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Carel Industries S.p.A.
- Ticker: CRL
- Exchange: BIT
- Founded: 1973
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: €1.197b
- Shares outstanding: 99.92m
- Website: https://www.carel.com
Number of Employees
- Carel Industries S.p.A.
- Via dell'Industria, 11
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|0YQA||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 2018|
|CRL||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jun 2018|
|CRLM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jun 2018|
Carel Industries S.p.A. provides control and IoT solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets in Italy and internationally. The company offers programmable controls, room and unit terminals, air-conditioning parametric controls, refrigeration parametric controls, isothermal and adiabatic humidifiers, water treatment systems, remote management and monitoring systems, connectivity products, sensors and protection devices, electronic expansion valves and drivers, speed controllers and inverters, electrical panels, and obsolete products, as well as temperature, humidity, and pressure control solutions. It also provides energy management, light management, and waterloop system solutions, as well as solutions for cabinets, cold rooms, and condensing units. The company was founded in 1973 and is headquartered in Brugine, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 00:43|
|End of Day Share Price||2020/02/21 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.