BIT:SG

Stock Analysis Report

SAES Getters

Executive Summary

SAES Getters S.p.A., together with its subsidiaries, develops and produces components and systems for industrial and scientific applications in Italy and internationally.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.

Risks

  • SAES Getters is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

BIT:SG

-4.1%

IT Electronic

1.6%

IT Market


1 Year Return

-9.9%

BIT:SG

-16.9%

IT Electronic

-4.7%

IT Market

SG outperformed the Electronic industry which returned -15.8% over the past year.

SG underperformed the Market in Italy which returned -6.3% over the past year.


Share holder returns

SGIndustryMarket
7 Day-0.7%-4.1%1.6%
30 Day-7.2%-3.4%-0.6%
90 Day-7.8%-8.7%-2.0%
1 Year-6.9%-9.9%-14.9%-16.9%-0.7%-4.7%
3 Year94.2%76.7%38.9%29.1%26.6%8.3%
5 Year225.4%181.5%60.0%42.7%7.8%-37.1%

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

Valuation

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

1.33x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

SAES Getters's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

SAES Getters's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

SAES Getters is loss making, we can't compare its value to the IT Electronic industry average.

SAES Getters is loss making, we can't compare the value of its earnings to the Italy market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SAES Getters, we can't assess if its growth is good value.


Price Based on Value of Assets

SAES Getters is good value based on assets compared to the IT Electronic industry average.


Next Steps

Future Growth

How is SAES Getters expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

50.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SAES Getters's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).

SAES Getters's earnings are expected to grow significantly at over 20% yearly.

SAES Getters's revenue growth is expected to exceed the Italy market average.

SAES Getters's earnings growth is expected to exceed the Italy market average.

SAES Getters's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

SAES Getters is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has SAES Getters performed over the past 5 years?

-9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SAES Getters does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare SAES Getters's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare SAES Getters's 1-year growth to the IT Electronic industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if SAES Getters has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if SAES Getters has efficiently used its assets last year compared to the IT Electronic industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if SAES Getters improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is SAES Getters's financial position?


Financial Position Analysis

SAES Getters is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SAES Getters's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SAES Getters's level of debt (13.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (55.7% vs 13.3% today).

Debt is well covered by operating cash flow (43.5%, greater than 20% of total debt).

SAES Getters is making a loss, therefore interest payments are not well covered by earnings.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 4.7x debt.


Next Steps

Dividend

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

3.65%

Expected Dividend Yield


Dividend Yield and Payments Analysis

SAES Getters's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.15%).

SAES Getters's dividend is below the markets top 25% of dividend payers in Italy (4.61%).

SAES Getters has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but SAES Getters only paid a dividend in the past 8 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

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

6.6yrs

Average board tenure


CEO

Massimo della Porta (58yo)

16.2yrs

Tenure

€3,029,869

Compensation

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

Massimo's remuneration is higher than average for companies of similar size in Italy.

Massimo's compensation has increased whilst company is loss making.


Board Age and Tenure

6.6yrs

Average Tenure

60yo

Average Age

The tenure for the SAES Getters board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Massimo della Porta (58yo)

    President of the Board

    • Tenure: 16.2yrs
    • Compensation: €3.03m
  • Giulio Canale (57yo)

    Deputy Chairman

    • Tenure: 13.4yrs
    • Compensation: €2.62m
  • Alessandro Altei

    Group Legal Counsel

  • Emanuela Foglia

    Investor Relations Manager


Board Members

  • Vincenzo Donnamaria (63yo)

    President of Board of Statutory Auditors

    • Tenure: 1.4yrs
    • Compensation: €47.64k
  • Giulio Canale (57yo)

    Deputy Chairman

    • Compensation: €2.62m
  • Gaudiana Giusti (56yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: €42.02k
  • Andrea Dogliotti (68yo)

    Non-Executive Director

    • Tenure: 13.2yrs
    • Compensation: €10.00k
  • Adriano De Maio (77yo)

    Independent Non-Executive Director

    • Tenure: 18.1yrs
    • Compensation: €14.00k
  • Luciana Rovelli (45yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: €30.00k
  • Stefano Proverbio (62yo)

    Lead Independent Director

    • Compensation: €35.00k
  • Luigi della Porta (64yo)

    Non-Executive Director

    • Tenure: 7.2yrs
    • Compensation: €10.00k
  • Alessandra della Porta (55yo)

    Non-Executive Director

    • Tenure: 6.1yrs
    • Compensation: €10.00k
  • Massimo della Porta (58yo)

    President of the Board

    • Tenure: 10.4yrs
    • Compensation: €3.03m

Company Information

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


Key Information

  • Name: SAES Getters S.p.A.
  • Ticker: SG
  • Exchange: BIT
  • Founded: 1940
  • Industry: electronic equipment and instruments
  • Sector: tech
  • Market Cap: €414.389m
  • Shares outstanding: 22.05m
  • Website: Click here

Number of Employees


Location

  • SAES Getters S.p.A.
  • Viale Italia, 77
  • Lainate
  • Milan
  • 20020
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SGBIT (Borsa Italiana)YesOrdinary SharesITEURJul 1994
0NIJLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1994
SGMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1994
SGRBIT (Borsa Italiana)Saving SharesITEURNov 1994
0NIKLSE (London Stock Exchange)Saving SharesGBEURNov 1994
SGEOPABIT (Borsa Italiana)NPV (SAES GETTERS BUYBACK) 24/05/2019ITEURMay 2019

Biography

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 busine ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/18 20:37
End of Day Share Price2019/06/18 00:00
Earnings2019/03/31
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.