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Gefran

BIT:GE
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GE
BIT
€98M
Market Cap
  1. Home
  2. IT
  3. Tech
Company description

Gefran S.p.A., together with its subsidiaries, designs and produces automation components and industrial process control systems worldwide. The last earnings update was 64 days ago. More info.


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GE Share Price and Events
7 Day Returns
-4.5%
BIT:GE
-1.9%
IT Electronic
0.7%
IT Market
1 Year Returns
-7.7%
BIT:GE
-15.8%
IT Electronic
-0.3%
IT Market
GE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gefran (GE) -4.5% 3.6% -10.4% -7.7% 333.7% 83.3%
IT Electronic -1.9% -0.9% -7.3% -15.8% 31.8% 50.6%
IT Market 0.7% 5.5% 0% -0.3% 8.9% -29.4%
1 Year Return vs Industry and Market
  • GE outperformed the Electronic industry which returned -15.8% over the past year.
  • GE underperformed the Market in Italy which returned -0.3% over the past year.
Price Volatility
GE
Industry
5yr Volatility vs Market

Value

 Is Gefran undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gefran to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gefran.

BIT:GE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:GE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.134 (1 + (1- 24%) (37.31%))
1.306
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.306 * 9.02%)
14.71%

Discounted Cash Flow Calculation for BIT:GE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gefran is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:GE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.71%)
2020 6.00 Analyst x1 5.23
2021 9.00 Analyst x1 6.84
2022 9.33 Est @ 3.69% 6.18
2023 9.65 Est @ 3.46% 5.58
2024 9.97 Est @ 3.3% 5.02
2025 10.29 Est @ 3.19% 4.52
2026 10.61 Est @ 3.11% 4.06
2027 10.94 Est @ 3.06% 3.65
2028 11.27 Est @ 3.02% 3.28
2029 11.61 Est @ 3% 2.94
Present value of next 10 years cash flows €47.29
BIT:GE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €11.61 × (1 + 2.93%) ÷ (14.71% – 2.93%)
€101.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €101.44 ÷ (1 + 14.71%)10
€25.71
BIT:GE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €47.29 + €25.71
€73.01
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €73.01 / 14.37
€5.08
BIT:GE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.08
Current discount Discount to share price of €6.83
= -1 x (€6.83 - €5.08) / €5.08
-34.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gefran is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gefran's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gefran's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:GE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.60
BIT:GE Share Price ** BIT (2019-07-16) in EUR €6.83
Italy Electronic Industry PE Ratio Median Figure of 8 Publicly-Listed Electronic Companies 13.16x
Italy Market PE Ratio Median Figure of 240 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gefran.

BIT:GE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:GE Share Price ÷ EPS (both in EUR)

= 6.83 ÷ 0.60

11.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gefran is good value based on earnings compared to the IT Electronic industry average.
  • Gefran is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does Gefran's expected growth come at a high price?
Raw Data
BIT:GE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.2%per year
Italy Electronic Industry PEG Ratio Median Figure of 5 Publicly-Listed Electronic Companies 1.05x
Italy Market PEG Ratio Median Figure of 161 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

BIT:GE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.47x ÷ 11.2%

1.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gefran is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gefran's assets?
Raw Data
BIT:GE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €5.34
BIT:GE Share Price * BIT (2019-07-16) in EUR €6.83
Italy Electronic Industry PB Ratio Median Figure of 9 Publicly-Listed Electronic Companies 1.5x
Italy Market PB Ratio Median Figure of 324 Publicly-Listed Companies 1.5x
BIT:GE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:GE Share Price ÷ Book Value per Share (both in EUR)

= 6.83 ÷ 5.34

1.28x

* Primary Listing of Gefran.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gefran is good value based on assets compared to the IT Electronic industry average.
X
Value checks
We assess Gefran's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Gefran has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gefran expected to grow at an attractive rate?
  • Gefran's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Gefran's earnings growth is expected to exceed the Italy market average.
  • Gefran's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:GE Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:GE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.2%
BIT:GE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.5%
Italy Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Italy Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
Italy Market Earnings Growth Rate Market Cap Weighted Average 8.9%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:GE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:GE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 156 19 11 1
2020-12-31 149 18 10 1
2019-12-31 142 17 8 1
BIT:GE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 138 18 9
2018-12-31 137 19 8
2018-09-30 137 19 6
2018-06-30 135 18 6
2018-03-31 132 21 7
2017-12-31 129 21 7
2017-09-30 124 19 9
2017-06-30 124 18 8
2017-03-31 122 17 6
2016-12-31 119 16 4
2016-09-30 118 17 0
2016-06-30 116 17 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gefran's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • Gefran's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:GE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Gefran Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:GE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.74 0.74 0.74 1.00
2020-12-31 0.67 0.67 0.67 1.00
2019-12-31 0.53 0.53 0.53 1.00
BIT:GE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.60
2018-12-31 0.57
2018-09-30 0.43
2018-06-30 0.45
2018-03-31 0.50
2017-12-31 0.48
2017-09-30 0.63
2017-06-30 0.55
2017-03-31 0.46
2016-12-31 0.28
2016-09-30 0.03
2016-06-30 -0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gefran is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gefran's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gefran has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gefran performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gefran's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gefran has delivered over 20% year on year earnings growth in the past 5 years.
  • Gefran's 1-year earnings growth is less than its 5-year average (17.3% vs 62.2%)
  • Gefran's earnings growth has exceeded the IT Electronic industry average in the past year (17.3% vs 2%).
Earnings and Revenue History
Gefran's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gefran Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:GE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 138.16 8.50 48.36
2018-12-31 136.71 8.15 48.12
2018-09-30 136.99 6.23 47.30
2018-06-30 135.01 6.48 46.71
2018-03-31 131.76 7.25 47.60
2017-12-31 129.14 6.86 46.51
2017-09-30 123.93 9.03 46.14
2017-06-30 124.02 7.85 46.47
2017-03-31 121.90 6.47 45.90
2016-12-31 119.00 3.95 46.34
2016-09-30 117.91 0.36 46.01
2016-06-30 115.96 -2.81 47.07
2016-03-31 116.07 -6.55 48.69
2015-12-31 116.97 -4.77 50.22
2015-09-30 123.30 -4.36 53.07
2015-06-30 127.97 -0.31 52.21
2015-03-31 129.57 2.12 51.20
2014-12-31 128.86 -0.22 50.13
2014-09-30 124.96 -6.40 46.56
2014-06-30 125.26 -8.33 46.34
2014-03-31 127.22 -8.77 46.48
2013-12-31 125.64 -8.49 46.28
2013-09-30 127.95 -0.90 46.61
2013-06-30 128.52 0.43 46.14
2013-03-31 131.02 1.06 45.80
2012-12-31 131.17 0.59 45.55
2012-09-30 133.41 1.95 45.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gefran has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gefran used its assets more efficiently than the IT Electronic industry average last year based on Return on Assets.
  • Gefran has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gefran's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gefran has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gefran's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gefran's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gefran is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gefran's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gefran's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gefran Company Filings, last reported 3 months ago.

BIT:GE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 75.56 34.01 26.13
2018-12-31 72.81 22.71 18.06
2018-09-30 69.83 19.64 13.11
2018-06-30 68.88 24.82 15.56
2018-03-31 71.86 27.62 23.53
2017-12-31 69.91 29.01 24.06
2017-09-30 68.96 23.15 16.51
2017-06-30 68.13 28.73 18.95
2017-03-31 70.08 29.95 20.70
2016-12-31 66.91 33.40 20.48
2016-09-30 63.09 31.69 15.57
2016-06-30 62.57 38.83 20.35
2016-03-31 61.23 43.92 20.14
2015-12-31 62.98 49.49 24.63
2015-09-30 63.83 50.77 22.69
2015-06-30 67.11 52.67 23.18
2015-03-31 70.91 52.42 21.03
2014-12-31 65.98 48.31 20.76
2014-09-30 65.83 43.04 15.57
2014-06-30 61.61 44.19 15.79
2014-03-31 61.32 49.86 15.88
2013-12-31 63.06 49.48 25.19
2013-09-30 70.03 52.63 22.42
2013-06-30 71.59 50.38 26.70
2013-03-31 72.50 46.82 19.52
2012-12-31 72.45 43.31 17.51
2012-09-30 73.26 39.39 8.39
  • Gefran's level of debt (45%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (81.3% vs 45% today).
  • Debt is well covered by operating cash flow (52.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.7x coverage).
X
Financial health checks
We assess Gefran's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gefran has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.69%
Current annual income from Gefran dividends. Estimated to be 6.6% next year.
If you bought €2,000 of Gefran shares you are expected to receive €94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gefran's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.07%).
  • Gefran's dividend is above the markets top 25% of dividend payers in Italy (4.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:GE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Italy Electronic Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.4%
Italy Market Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
Italy Minimum Threshold Dividend Yield 10th Percentile 1%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:GE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.52 1.00
2020-12-31 0.47 1.00
2019-12-31 0.37 1.00
BIT:GE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-02 0.320 4.553
2019-03-14 0.320 4.079
2018-04-03 0.350 4.777
2018-03-13 0.350 3.989
2017-03-29 0.250 2.948
2017-03-09 0.250 5.162
2013-11-15 0.000 0.000
2013-11-13 0.000 0.000
2013-08-05 0.000 0.000
2013-08-02 0.000 0.000
2013-05-13 0.000 0.000
2013-03-13 0.000 0.000
2012-03-27 0.150 5.234
2012-03-26 0.150 4.017
2011-03-30 0.150 4.115
2010-11-12 0.000 0.000
2010-08-05 0.000 0.000
2010-05-14 0.000 0.000
2010-03-12 0.000 0.000
2009-03-13 0.100 4.501
2009-03-12 0.100 4.373

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Gefran's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Gefran's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gefran afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gefran has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alberto Bartoli
AGE 59
CEO Bio

Mr. Alberto Bartoli is the Chief Executive Officer and Director of Gefran S.p.A. He served as the Chief Executive Officer at Sabaf SPA since May 8, 2012 until April 27, 2017 and served as its Chief Financial Officer and Financial Reporting Officer until May 8, 2012. Mr. Bartoli served as a Director at Sabaf SPA since May 8, 2012. He has been employed with Sabaf since 1994.

CEO Compensation
  • Insufficient data for Alberto to compare compensation growth.
  • Insufficient data for Alberto to establish whether their remuneration is reasonable compared to companies of similar size in Italy.
Management Team

Giovanna Franceschetti

TITLE
Vice Chairperson of the Board
COMPENSATION
€82K
AGE
43

Andrea Franceschetti

TITLE
Vice Chairperson of the Board
COMPENSATION
€133K
AGE
42

Ennio Franceschetti

TITLE
Honorary Chairman
COMPENSATION
€450K
AGE
77

Marcello Perini

TITLE
Director of Sensors and Automation Components Business Unit
COMPENSATION
€164K

Marco Giacometti

TITLE
General Manager of Drives Business Units
COMPENSATION
€483K

Alberto Bartoli

TITLE
CEO & Director
AGE
59

Fausta Coffano

TITLE
Financial Reporting Officer

Ernesto Metraglia

TITLE
Secretary of Board of Directors and Director of the Colombera S p A

Emma Marcandalli

TITLE
Executive Director of Control & Risk Management System and Internal Audit Manager
Board of Directors Tenure

Average tenure and age of the Gefran board of directors in years:

1.3
Average Tenure
57
Average Age
  • The average tenure for the Gefran board of directors is less than 3 years, this suggests a new board.
Board of Directors

Maria Franceschetti

TITLE
Chairman of the Board
COMPENSATION
€214K
AGE
50
TENURE
1.3 yrs

Giovanna Franceschetti

TITLE
Vice Chairperson of the Board
COMPENSATION
€82K
AGE
43
TENURE
1.3 yrs

Andrea Franceschetti

TITLE
Vice Chairperson of the Board
COMPENSATION
€133K
AGE
42
TENURE
1.3 yrs

Ennio Franceschetti

TITLE
Honorary Chairman
COMPENSATION
€450K
AGE
77
TENURE
1.3 yrs

Alberto Bartoli

TITLE
CEO & Director
AGE
59

Ernesto Metraglia

TITLE
Secretary of Board of Directors and Director of the Colombera S p A

Romano Gallus

TITLE
Director
COMPENSATION
€26K
AGE
78
TENURE
19.3 yrs

Daniele Piccolo

TITLE
Independent Director
COMPENSATION
€26K
AGE
57
TENURE
6.8 yrs

Marco Gregorini

TITLE
Chairman of the Board of Statutory Auditors
COMPENSATION
€20K
AGE
49

Monica Vecchiati

TITLE
Independent Director
COMPENSATION
€28K
AGE
58
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Gefran's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gefran has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Announcing: Gefran (BIT:GE) Stock Soared An Exciting 365% In The Last Three Years

(BIT:GE), which saw its share price soar 365% in three years. … During three years of share price growth, Gefran moved from a loss to profitability. … As it happens, Gefran's TSR for the last 3 years was 420%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Gefran S.p.A. (BIT:GE) Is Yielding 4.9% - But Is It A Buy?

Looking at the last decade of data, we can see that Gefran paid its first dividend at least eight years ago. … Earnings per share are sharply up, but we wonder if paying out more than half its earnings (leaving less for reinvestment) is an implicit signal that Gefran's growth will be slower in the future. … First, the company has a payout ratio that was within an average range for most dividend stocks, but it paid out virtually all of its generated cash flow.

Simply Wall St -

How Did Gefran S.p.A.'s (BIT:GE) 11% ROE Fare Against The Industry?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Gefran: 11% = €8.5m ÷ €76m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Gefran Have A Good Return On Equity? … Judicious use of debt to improve returns can certainly be a good thing, although it does elevate risk slightly and reduce future optionality.

Simply Wall St -

Did Gefran S.p.A.'s (BIT:GE) Recent Earnings Growth Beat The Trend?

See our latest analysis for Gefran Were GE's earnings stronger than its past performances and the industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 62%, indicating the rate at which GE is growing has slowed down. … You should continue to research Gefran to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for GE’s future growth?

Simply Wall St -

Is Gefran S.p.A.'s (BIT:GE) Growth Strong Enough To Justify Its May Share Price?

This tells us the stock is undervalued relative to the current IT market average of 15.9x , and undervalued based on its latest annual earnings update compared to the Electronic average of 13.85x. … But, since Gefran is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … This tells us that when we include its growth in our analysis Gefran's stock can be considered slightly overvalued , based on fundamental analysis.

Simply Wall St -

Here's Why We Think Gefran (BIT:GE) Is Well Worth Watching

So if you're like me, you might be more interested in profitable, growing companies, like Gefran (BIT:GE). … How Fast Is Gefran Growing Its Earnings Per Share. … Over the last three years, Gefran has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base.

Simply Wall St -

Why Fundamental Investors Might Love Gefran S.p.A. (BIT:GE)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Gefran S.p.A. … (BIT:GE) due to its excellent fundamentals in more than one area.

Simply Wall St -

What Are Analysts Saying About Gefran S.p.A.'s (BIT:GE) Growth?

(BIT:GE) released its earnings update. … it seems that analyst expectations are fairly bearish, … the higher past 5-year average growth rate of 64%.

Simply Wall St -

Will Gefran S.p.A.'s (BIT:GE) Earnings Grow In The Next Couple Of Years?

In December 2018, Gefran S.p.A. … (BIT:GE) released its most recent earnings announcement, whicha … showed

Simply Wall St -

Some Gefran (BIT:GE) Shareholders Are Down -383%

But when you hold the right stock for the right time period, the rewards can be truly huge. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Gefran moved from a loss to profitability.

Simply Wall St -

Company Info

Description

Gefran S.p.A., together with its subsidiaries, designs and produces automation components and industrial process control systems worldwide. It operates through three segments: Sensors, Automation Components, and Motion Control. The company offers magnetostrictive, potentiometer, rotary, inclinometer, and linear by wire position sensors; industrial and melt pressure sensors; strain and force sensors; and thermocouple and resistance thermometer temperature sensors. It also provides controllers and programmers, and indicators and alarm units; power controllers, solid state relays with/without heatsinks, and fieldbuses; automation platforms; inverters for industrial applications and elevators, DC drives, Regen and AC/DC power suppliers, motors, and special configurations; and servodrives and motors. Its products are used in plastic, mobile hydraulic, electrical furnace, lift, metal, hoist and crane, and water, as well as heating, ventilation, and air conditioning applications. The company is headquartered in Provaglio d'Iseo, Italy.

Details
Name: Gefran S.p.A.
GE
Exchange: BIT
Founded:
€98,166,087
14,372,780
Website: http://www.gefran.com
Address: Gefran S.p.A.
Via Sebina, 74,
Provaglio d'Iseo,
Brescia, 25050,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT GE Common Shares Borsa Italiana IT EUR 09. Jun 1998
DB GF7 Common Shares Deutsche Boerse AG DE EUR 09. Jun 1998
BST GF7 Common Shares Boerse-Stuttgart DE EUR 09. Jun 1998
LSE 0EKI Common Shares London Stock Exchange GB EUR 09. Jun 1998
BATS-CHIXE GEM Common Shares BATS 'Chi-X Europe' GB EUR 09. Jun 1998
Number of employees
Current staff
Staff numbers
750
Gefran employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:49
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.