| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
CVG Stock Overview
Convergenze S.p.A. Società Benefit provides nationwide Internet services, voice, energy, and natural gas services.
Convergenze. Società Benefit Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €2.76 |
| 52 Week High | €3.76 |
| 52 Week Low | €2.20 |
| Beta | 0 |
| 1 Month Change | 4.55% |
| 3 Month Change | 5.75% |
| 1 Year Change | -9.51% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 5.14% |
Recent News & Updates
Convergenze. Società Benefit (BIT:CVG) Is Reinvesting At Lower Rates Of Return
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Shareholder Returns
| CVG | IT Telecom | IT Market | |
|---|---|---|---|
| 7D | 1.1% | 4.4% | 1.7% |
| 1Y | -9.5% | -16.6% | -16.0% |
Return vs Industry: CVG exceeded the Italian Telecom industry which returned -17.7% over the past year.
Return vs Market: CVG exceeded the Italian Market which returned -16.1% over the past year.
Price Volatility
| CVG volatility | |
|---|---|
| CVG Average Weekly Movement | 7.6% |
| Telecom Industry Average Movement | 4.8% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in IT Market | 7.7% |
| 10% least volatile stocks in IT Market | 3.2% |
Stable Share Price: CVG is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: CVG's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Italian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 79 | Rosario Pingaro | https://convergenze.it |
Convergenze S.p.A. Società Benefit provides nationwide Internet services, voice, energy, and natural gas services. The company offers fiber optic network and WiFi; VoIP and voice services, and marketing services; and cloud data storage, fax, and phone services. It also provides electricity supply service for the private, residential, and business customers; charging points for electric cars; and natural gas supply services.
Convergenze. Società Benefit Fundamentals Summary
| CVG fundamental statistics | |
|---|---|
| Market Cap | €19.71m |
| Earnings (TTM) | €238.41k |
| Revenue (TTM) | €18.37m |
82.7x
P/E Ratio1.1x
P/S RatioIs CVG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CVG income statement (TTM) | |
|---|---|
| Revenue | €18.37m |
| Cost of Revenue | €16.67m |
| Gross Profit | €1.70m |
| Other Expenses | €1.46m |
| Earnings | €238.41k |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.033 |
| Gross Margin | 9.25% |
| Net Profit Margin | 1.30% |
| Debt/Equity Ratio | 101.2% |
How did CVG perform over the long term?
See historical performance and comparisonValuation
Is CVG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CVG?
Other financial metrics that can be useful for relative valuation.
| What is CVG's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | €19.71m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.2x |
| Enterprise Value/EBITDA | 14.1x |
| PEG Ratio | 7.7x |
Price to Earnings Ratio vs Peers
How does CVG's PE Ratio compare to its peers?
| CVG PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 27x | ||
PLT Planetel | 45x | n/a | €47.4m |
UD Unidata | 15.6x | n/a | €122.5m |
ITD Intred | 27.1x | 15.0% | €233.2m |
BDCOM BDCOM Online | 20.2x | n/a | ৳1.7b |
CVG Convergenze. Società Benefit | 82.7x | 10.7% | €19.7m |
Price-To-Earnings vs Peers: CVG is expensive based on its Price-To-Earnings Ratio (82.7x) compared to the peer average (27x).
Price to Earnings Ratio vs Industry
How does CVG's PE Ratio compare vs other companies in the European Telecom Industry?
Price-To-Earnings vs Industry: CVG is expensive based on its Price-To-Earnings Ratio (82.7x) compared to the Italian Telecom industry average (33.8x)
Price to Earnings Ratio vs Fair Ratio
What is CVG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 82.7x |
| Fair PE Ratio | 23.2x |
Price-To-Earnings vs Fair Ratio: CVG is expensive based on its Price-To-Earnings Ratio (82.7x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).
Share Price vs Fair Value
What is the Fair Price of CVG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CVG (€2.76) is trading below our estimate of fair value (€7.96)
Significantly Below Fair Value: CVG is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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Future Growth
How is Convergenze. Società Benefit forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVG's forecast earnings growth (10.7% per year) is above the savings rate (1.7%).
Earnings vs Market: CVG's earnings (10.7% per year) are forecast to grow faster than the Italian market (8.5% per year).
High Growth Earnings: CVG's earnings are forecast to grow, but not significantly.
Revenue vs Market: CVG's revenue (12.9% per year) is forecast to grow faster than the Italian market (-0% per year).
High Growth Revenue: CVG's revenue (12.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVG's Return on Equity is forecast to be low in 3 years time (7%).
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Past Performance
How has Convergenze. Società Benefit performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
9.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVG has a high level of non-cash earnings.
Growing Profit Margin: CVG's current net profit margins (1.3%) are lower than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: CVG's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: CVG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CVG had negative earnings growth (-65.7%) over the past year, making it difficult to compare to the Telecom industry average (19.9%).
Return on Equity
High ROE: CVG's Return on Equity (4.1%) is considered low.
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Financial Health
How is Convergenze. Società Benefit's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: CVG's short term assets (€6.8M) exceed its short term liabilities (€5.7M).
Long Term Liabilities: CVG's short term assets (€6.8M) do not cover its long term liabilities (€7.4M).
Debt to Equity History and Analysis
Debt Level: CVG's net debt to equity ratio (39.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CVG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CVG's debt is well covered by operating cash flow (31.7%).
Interest Coverage: CVG's interest payments on its debt are well covered by EBIT (7.1x coverage).
Balance Sheet
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Dividend
What is Convergenze. Società Benefit current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CVG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CVG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CVG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CVG's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as CVG has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Rosario Pingaro (48 yo)
no data
Tenure
Engineer Rosario Pingaro is the Chief Executive Officer, Chief Technology Officer and President of the board at Convergenze S.p.A. Società Benefit. He is the President of the Board at Banca di Credito Coop...
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Convergenze S.p.A. Società Benefit's employee growth, exchange listings and data sources
Key Information
- Name: Convergenze S.p.A. Società Benefit
- Ticker: CVG
- Exchange: BIT
- Founded: 2005
- Industry: Alternative Carriers
- Sector: Telecom
- Implied Market Cap: €19.707m
- Shares outstanding: 7.14m
- Website: https://convergenze.it
Number of Employees
Location
- Convergenze S.p.A. Società Benefit
- Convergenze Innovation Center
- Via Seliano 2
- Salerno
- Salerno
- 84047
- Italy
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/12 00:00 |
| End of Day Share Price | 2022/08/12 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.