Atlantia
Market Cap
€18.4b
Last Updated
2019/11/16 20:48 UTC
Data Sources
Company Financials +
Executive Summary
Atlantia S.p.A., through its subsidiaries, engages in the construction and operation of motorways, airports and transport infrastructure, parking areas, and intermodal systems worldwide.
Snowflake
Good value average dividend payer.
Similar Companies
Share Price & News
How has Atlantia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
ATL
-0.5%
IT Infrastructure
0.6%
IT Market
1 Year Return
23.3%
ATL
26.9%
IT Infrastructure
19.4%
IT Market
Return vs Industry: ATL underperformed the Italian Infrastructure industry which returned 26.9% over the past year.
Return vs Market: ATL exceeded the Italian Market which returned 19.4% over the past year.
Shareholder returns
| ATL | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -0.5% | 0.6% |
| 30 Day | 0.3% | 0.8% | 4.8% |
| 90 Day | -1.8% | -0.8% | 13.6% |
| 1 Year | 28.3%23.3% | 32.1%26.9% | 24.9%19.4% |
| 3 Year | 28.5%12.9% | 52.0%34.2% | 43.6%23.2% |
| 5 Year | 39.9%14.3% | 60.8%31.8% | 24.5%-23.7% |
Price Volatility Vs. Market
How volatile is Atlantia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should Atlantia S.p.A. (BIT:ATL) Be Part Of Your Dividend Portfolio?3 weeks ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand Atlantia S.p.A. (BIT:ATL)1 month ago | Simply Wall St
The Atlantia (BIT:ATL) Share Price Is Up 25% And Shareholders Are Holding OnValuation
Is Atlantia undervalued compared to its fair value and its price relative to the market?
9.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATL (€22.5) is trading below our estimate of fair value (€24.91)
Significantly Below Fair Value: ATL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ATL is good value based on its PE Ratio (13.1x) compared to the Infrastructure industry average (17.4x).
PE vs Market: ATL is good value based on its PE Ratio (13.1x) compared to the Italian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: ATL is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: ATL is good value based on its PB Ratio (1.2x) compared to the IT Infrastructure industry average (1.5x).
Next Steps
Future Growth
How is Atlantia forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
6.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATL's forecast earnings growth (6.9% per year) is above the savings rate (2.9%).
Earnings vs Market: ATL's earnings (6.9% per year) are forecast to grow slower than the Italian market (8.8% per year).
High Growth Earnings: ATL's earnings are forecast to grow, but not significantly.
Revenue vs Market: ATL's revenue (0.7% per year) is forecast to grow slower than the Italian market (3.1% per year).
High Growth Revenue: ATL's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATL's Return on Equity is forecast to be low in 3 years time (16.5%).
Next Steps
Past Performance
How has Atlantia performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATL has a high level of non-cash earnings.
Growing Profit Margin: ATL's current net profit margins (12%) are lower than last year (16%).
Past Earnings Growth Analysis
Earnings Trend: ATL's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: ATL's earnings growth over the past year (34.8%) exceeds its 5-year average (10.1% per year).
Earnings vs Industry: ATL earnings growth over the past year (34.8%) exceeded the Infrastructure industry 4.7%.
Return on Equity
High ROE: ATL's Return on Equity (13.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Atlantia's financial position?
Financial Position Analysis
Short Term Liabilities: ATL's short term assets (€11.6B) exceeds its short term liabilities (€10.6B)
Long Term Liabilities: ATL's short term assets (11.6B) do not cover its long term liabilities (47.8B)
Debt to Equity History and Analysis
Debt Level: ATL's debt to equity ratio (275.7%) is considered high
Reducing Debt: ATL's debt to equity ratio has increased from 184.8% to 275.7% over the past 5 years.
Debt Coverage: ATL's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: ATL's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Inventory Level: ATL has a low level of unsold assets or inventory.
Debt Coverage by Assets: ATL's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Atlantia's current dividend yield, its reliability and sustainability?
4.00%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ATL's dividend (4%) is higher than the bottom 25% of dividend payers in the Italian market (2.02%).
High Dividend: ATL's dividend (4%) is low compared to the top 25% of dividend payers in the Italian market (4.36%).
Stability and Growth of Payments
Stable Dividend: ATL's dividend payments have been volatile in the past 10 years.
Growing Dividend: ATL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.5%), ATL's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ATL's dividends in 3 years are forecast to be covered by earnings (72.2% payout ratio).
Next Steps
Management
What is the CEO of Atlantia's salary, the management and board of directors tenure and is there insider trading?
1.6yrs
Average management tenure
CEO
Atlantia has no CEO, or we have no data on them.
Management Age and Tenure
1.6yrs
Average Tenure
51yo
Average Age
Experienced Management: ATL's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Age and Tenure
0.8yrs
Average Tenure
57yo
Average Age
Experienced Board: ATL's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Gennarino Tozzi
Head of Group Infrastructure Development & Executive VP
- Tenure: 0yrs
Massimo Sonego (46yo)
Head of Corporate Finance & Investor Relations and Executive VP
- Tenure: 0yrs
Guglielmo Bove (55yo)
Head of Group Compliance & Security and Executive VP
- Tenure: 3yrs
Giancarlo Guenzi (64yo)
General Manager
- Tenure: 0.08yrs
Fabio Cerchiai (75yo)
Chairman of the Board
- Tenure: 9.6yrs
- Compensation: €1.34m
Michelangelo Damasco (56yo)
Executive VP & General Counsel
- Tenure: 4.8yrs
Monica Cacciapuoti (51yo)
Head of Remuneration Policy & Governance
- Tenure: 0.08yrs
Francesco Delzio (45yo)
Head of External Relations
- Tenure: 0yrs
Marco Pace (51yo)
Chief Group Control & Risk Management Officer
- Tenure: 4.8yrs
Peter Durante (46yo)
Chief Human Resources and Organization Officer
- Tenure: 0.2yrs
Board Members
Dario Frigerio (57yo)
Independent Director
- Tenure: 0.8yrs
Carlo Malacarne (66yo)
Independent Director
- Tenure: 0.8yrs
Carlo Bertazzo (54yo)
Non-Executive Director
- Tenure: 0yrs
- Compensation: €85.00k
Fabio Cerchiai (75yo)
Chairman of the Board
- Tenure: 9.6yrs
- Compensation: €1.34m
Riccardo Bruno (60yo)
Independent Director
- Tenure: 0.8yrs
Cristina De Benetti (53yo)
Independent Director
- Tenure: 0.8yrs
Corrado Gatti
Chairman of the Board of Statutory Auditors
- Tenure: 0yrs
- Compensation: €82.25k
Gioia Ghezzi (57yo)
Independent Director
- Tenure: 0.8yrs
Anna Invernizzi
Independent Director
- Tenure: 0.8yrs
Giuseppe Guizzi
Independent Director
- Tenure: 0.8yrs
Company Information
Atlantia S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Atlantia S.p.A.
- Ticker: ATL
- Exchange: BIT
- Founded: 1950
- Industry: Highways and Railtracks
- Sector: Transportation
- Market Cap: €18.404b
- Shares outstanding: 817.96m
- Website: https://www.atlantia.it
Number of Employees
Location
- Atlantia S.p.A.
- Via Bergamini 50
- Rome
- Rome
- 159
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATL | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Sep 2003 |
| AU9 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2003 |
| 0I2R | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Sep 2003 |
| ATAS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 2003 |
| ATLM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Sep 2003 |
| AU9 | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Sep 2003 |
| ATL | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Sep 2003 |
| ATL N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Sep 2003 |
| ATAS.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2008 |
Biography
Atlantia S.p.A., through its subsidiaries, engages in the construction and operation of motorways, airports and transport infrastructure, parking areas, and intermodal systems worldwide. It operates 14,000 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 20:48 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.