SAES Getters S.p.A., together with its subsidiaries, develops and produces components and systems for industrial and scientific applications in Italy and internationally.
Moderate growth potential with mediocre balance sheet.
Share Price & News
How has SAES Getters's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SG's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SG exceeded the Italian Electronic industry which returned 17.4% over the past year.
Return vs Market: SG exceeded the Italian Market which returned -13.1% over the past year.
Price Volatility Vs. Market
How volatile is SAES Getters's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs SAES Getters S.p.A.'s (BIT:SG) Capital Allocation Ability Worth Your Time?
1 month ago | Simply Wall StWhat Does SAES Getters S.p.A.'s (BIT:SG) Share Price Indicate?
1 month ago | Simply Wall StAre Poor Financial Prospects Dragging Down SAES Getters S.p.A. (BIT:SG Stock?
Is SAES Getters 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: SG (€24.75) is trading above our estimate of fair value (€6.41)
Significantly Below Fair Value: SG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SG is poor value based on its PE Ratio (26.2x) compared to the IT Electronic industry average (16.1x).
PE vs Market: SG is poor value based on its PE Ratio (26.2x) compared to the Italian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: SG is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: SG is overvalued based on its PB Ratio (1.8x) compared to the IT Electronic industry average (1.2x).
How is SAES Getters forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SG's forecast earnings growth (38.2% per year) is above the savings rate (2%).
Earnings vs Market: SG's earnings (38.2% per year) are forecast to grow faster than the Italian market (24.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SG's revenue (3.7% per year) is forecast to grow slower than the Italian market (4.1% per year).
High Growth Revenue: SG's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SG's Return on Equity is forecast to be low in 3 years time (7.8%).
How has SAES Getters performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SG has a large one-off loss of €6.3M impacting its March 31 2020 financial results.
Growing Profit Margin: SG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SG's earnings have declined by -20.9% per year over the past 5 years.
Accelerating Growth: SG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (20.1%).
Return on Equity
High ROE: SG's Return on Equity (4.6%) is considered low.
How is SAES Getters's financial position?
Financial Position Analysis
Short Term Liabilities: SG's short term assets (€171.0M) exceed its short term liabilities (€66.0M).
Long Term Liabilities: SG's short term assets (€171.0M) exceed its long term liabilities (€121.8M).
Debt to Equity History and Analysis
Debt Level: SG's debt to equity ratio (53.8%) is considered high.
Reducing Debt: SG's debt to equity ratio has increased from 44% to 53.8% over the past 5 years.
Debt Coverage: SG's debt is not well covered by operating cash flow (17%).
Interest Coverage: SG's interest payments on its debt are well covered by EBIT (30x coverage).
What is SAES Getters's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SG's dividend (3.15%) is higher than the bottom 25% of dividend payers in the Italian market (1.88%).
High Dividend: SG's dividend (3.15%) is low compared to the top 25% of dividend payers in the Italian market (5.31%).
Stability and Growth of Payments
Stable Dividend: SG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SG's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (82.6%), SG's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SG's dividends in 3 years are forecast to be covered by earnings (63.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Massimo della Porta (60yo)
Dr Ing. Massimo della Porta has been the Group Chief Executive Officer at SAES Getters S.p.A. since April 23, 2003 and serves as its President. Dr Ing. della Porta has been the Group Chief Technology & Inn ...
CEO Compensation Analysis
Compensation vs Market: Massimo's total compensation ($USD2.13M) is above average for companies of similar size in the Italian market ($USD816.19K).
Compensation vs Earnings: Massimo's compensation has been consistent with company performance over the past year.
|President of the Board||17.25yrs||€1.87m||no data|
|Deputy Chairman||no data||€1.07m||no data|
|Independent Non-Executive Director||19.17yrs||€30.00k||no data|
|President of Board of Statutory Auditors||2.5yrs||€42.03k||no data|
|Statutory Auditor||3.5yrs||€33.13k||no data|
|Non-Executive Director||14.25yrs||€24.04k||no data|
|Lead Independent Director||no data||€73.00k||no data|
|Non-Executive Director||8.25yrs||€20.00k||no data|
|Independent Non-Executive Director||5.25yrs||€67.00k||no data|
|Non-Executive Director||7.17yrs||€20.00k||no data|
|Independent Non-Executive Director||5.25yrs||€63.02k||no data|
|Statutory Auditor||5.5yrs||€47.00k||no data|
Experienced Board: SG's board of directors are considered experienced (6.3 years average tenure).
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.
SAES Getters S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: SAES Getters S.p.A.
- Ticker: SG
- Exchange: BIT
- Founded: 1940
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: €388.707m
- Shares outstanding: 18.15m
- Website: https://www.saesgetters.com
Number of Employees
- SAES Getters S.p.A.
- Viale Italia, 77
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SG||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jul 1994|
|0NIJ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jul 1994|
|SGM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jul 1994|
|SGR||BIT (Borsa Italiana)||Saving Shares||IT||EUR||Nov 1994|
|0NIK||LSE (London Stock Exchange)||Saving Shares||GB||EUR||Nov 1994|
SAES Getters S.p.A., together with its subsidiaries, develops and produces components and systems for industrial and scientific applications in Italy and internationally. The Industrial Applications business unit offers getters and dispensers for use in a range of industrial applications, such as discharge and fluorescent lamps, electronic vacuum devices, microelectronic and micromechanical systems, and sensors, as well as for X-ray tubes used in image diagnostic systems. This business unit also provides cathodes and materials for thermal dissipation in electronic tubes and lasers; gas purifier systems for semiconductor and other industries; pumps based on non-evaporable getter materials for use in industrial and scientific fields; and vacuum thermal insulation solutions, which include NEG products for cryogenic, solar collectors, and thermos applications. The Shape Memory Alloys business unit offers Nitinol shape memory alloys (SMA) for use in biomedical sector; and SMA actuator devices for the industrial sector, such as domotics, white goods industry, consumer electronics, and automotive sector. The company also provides advanced film plastics for the food packaging sector; and materials and components for organic electronics applications. It also serves flexible packaging, healthcare, lighting, renewable energy and thermal insulation, scientific equipment and research facilities, security and defense, and semiconductors manufacturing markets. The company was founded in 1940 and is headquartered in Lainate, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 20:55|
|End of Day Share Price||2020/07/13 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.