BIT:GE

Stock Analysis Report

Executive Summary

Gefran S.p.A., together with its subsidiaries, designs and produces automation components and industrial process control systems worldwide.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

6.0%

GE

19.9%

IT Electronic

6.3%

IT Market


1 Year Return

-45.1%

GE

-11.1%

IT Electronic

-24.2%

IT Market

Return vs Industry: GE underperformed the Italian Electronic industry which returned -16.7% over the past year.

Return vs Market: GE underperformed the Italian Market which returned -21.4% over the past year.


Shareholder returns

GEIndustryMarket
7 Day6.0%19.9%6.3%
30 Day-29.0%-17.3%-26.9%
90 Day-38.9%-26.0%-28.8%
1 Year-42.5%-45.1%-9.0%-11.1%-20.9%-24.2%
3 Year-20.3%-28.7%-27.1%-31.9%-13.3%-22.0%
5 Year22.5%9.4%21.9%9.3%-23.1%-49.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GE (€4.24) is trading below our estimate of fair value (€5)

Significantly Below Fair Value: GE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GE is poor value based on its PE Ratio (7.4x) compared to the Electronic industry average (7.3x).

PE vs Market: GE is good value based on its PE Ratio (7.4x) compared to the Italian market (12.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GE is good value based on its PB Ratio (0.8x) compared to the IT Electronic industry average (1.1x).


Next Steps

Future Growth

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

14.6%

Forecasted Tech industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

High Growth Revenue: Insufficient data to determine if GE'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 GE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Gefran performed over the past 5 years?

46.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GE has high quality earnings.

Growing Profit Margin: GE's current net profit margins (4.9%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: GE has become profitable over the past 5 years, growing earnings by 46.5% per year.

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

Earnings vs Industry: GE had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Electronic industry average (19%).


Return on Equity

High ROE: GE's Return on Equity (9.4%) is considered low.


Next Steps

Financial Health

How is Gefran's financial position?


Financial Position Analysis

Short Term Liabilities: GE's short term assets (€77.9M) exceed its short term liabilities (€41.1M).

Long Term Liabilities: GE's short term assets (€77.9M) exceed its long term liabilities (€32.8M).


Debt to Equity History and Analysis

Debt Level: GE's debt to equity ratio (45%) is considered high.

Reducing Debt: GE's debt to equity ratio has reduced from 73.2% to 45% over the past 5 years.

Debt Coverage: GE's debt is well covered by operating cash flow (53.5%).

Interest Coverage: GE's interest payments on its debt are well covered by EBIT (32.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: GE's debt is covered by short term assets (assets are 2.3x debt).


Next Steps

Dividend

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

3.54%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 28 2020Ex Dividend DateMay 11 2020Dividend Pay DateMay 13 20202 days from Ex DividendBuy in the next 43 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GE's dividend (3.54%) is higher than the bottom 25% of dividend payers in the Italian market (2.49%).

High Dividend: GE's dividend (3.54%) is low compared to the top 25% of dividend payers in the Italian market (5.81%).


Stability and Growth of Payments

Stable Dividend: GE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GE has only been paying a dividend for 9 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.1%), GE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GE's dividends in 3 years are forecast to be covered by earnings (75.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average board tenure


CEO

Alberto Bartoli (59yo)

no data

Tenure

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 Financi ...


Board Members

NamePositionTenureCompensationOwnership
Alberto Bartoli
CEO & Directorno datano datano data
Ernesto Metraglia
Secretary of Board of Directors and Director of the Colombera S p Ano datano datano data
Ennio Franceschetti
Honorary Chairman1.92yrs€450.02k3.51% 2.1m
Romano Gallus
Independent Director19.92yrs€25.50kno data
Maria Franceschetti
Chairman of the Board1.92yrs€214.33kno data
Giovanna Franceschetti
Vice Chairperson of the Board1.92yrs€82.22kno data
Andrea Franceschetti
Vice Chairperson of the Board1.92yrs€133.27kno data
Daniele Piccolo
Independent Director7.42yrs€25.50kno data
Monica Vecchiati
Independent Director5.92yrs€27.50kno data
Marco Gregorini
Chairman of the Board of Statutory Auditorsno data€20.00kno data

1.9yrs

Average Tenure

57yo

Average Age

Experienced Board: GE's board of directors are not considered experienced ( 1.9 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 been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Gefran S.p.A.
  • Ticker: GE
  • Exchange: BIT
  • Founded:
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: €59.647m
  • Shares outstanding: 14.37m
  • Website: https://www.gefran.com

Number of Employees


Location

  • Gefran S.p.A.
  • Via Sebina, 74
  • Provaglio d'Iseo
  • Brescia
  • 25050
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GEBIT (Borsa Italiana)YesCommon SharesITEURJun 1998
0EKILSE (London Stock Exchange)YesCommon SharesGBEURJun 1998
GEMBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJun 1998
GF7DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1998

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 21:11
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.