BIT:AUTME

Stock Analysis Report

Autostrade Meridionali

Executive Summary

Autostrade Meridionali S.p.A. operates the Naples-Pompeii-Salerno motorway in Italy.

Snowflake

Fundamentals

Proven track record with adequate balance sheet and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

AUTME

0.7%

IT Infrastructure

0.5%

IT Market


1 Year Return

29.9%

AUTME

26.7%

IT Infrastructure

11.6%

IT Market

Return vs Industry: AUTME exceeded the Italian Infrastructure industry which returned 26.7% over the past year.

Return vs Market: AUTME exceeded the Italian Market which returned 11.6% over the past year.


Shareholder returns

AUTMEIndustryMarket
7 Day0.7%0.7%0.5%
30 Day-1.6%1.5%0.07%
90 Day-3.5%-4.7%1.2%
1 Year36.1%29.9%31.4%26.7%16.5%11.6%
3 Year97.3%77.6%33.5%18.8%25.2%8.0%
5 Year131.4%99.1%72.5%43.2%21.1%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AUTME (€30) is trading above our estimate of fair value (€12.69)

Significantly Below Fair Value: AUTME is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AUTME is good value based on its PE Ratio (6.3x) compared to the Infrastructure industry average (20.5x).

PE vs Market: AUTME is good value based on its PE Ratio (6.3x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AUTME is good value based on its PB Ratio (0.8x) compared to the IT Infrastructure industry average (2.2x).


Next Steps

Future Growth

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

5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AUTME's forecast earnings growth (5.7% per year) is above the savings rate (2.9%).

Earnings vs Market: AUTME's earnings (5.7% per year) are forecast to grow slower than the Italian market (8.6% per year).

High Growth Earnings: AUTME's earnings are forecast to grow, but not significantly.

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

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


Next Steps

Past Performance

How has Autostrade Meridionali performed over the past 5 years?

31.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AUTME's earnings have grown significantly by 31.8% per year over the past 5 years.

Accelerating Growth: AUTME's earnings growth over the past year (9.2%) is below its 5-year average (31.8% per year).

Earnings vs Industry: AUTME earnings growth over the past year (9.2%) exceeded the Infrastructure industry -8.9%.


Return on Equity

High ROE: AUTME's Return on Equity (12.2%) is considered low.


Return on Assets

ROA vs Industry: AUTME has a higher Return on Assets than the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: AUTME has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Autostrade Meridionali's financial position?


Financial Position Analysis

Short Term Liabilities: AUTME's short term assets (€466.6M) exceeds its short term liabilities (€293.3M)

Long Term Liabilities: AUTME's short term assets (466.6M) exceeds its long term liabilities (14.4M)


Debt to Equity History and Analysis

Debt Level: AUTME's debt to equity ratio (144.3%) is considered high

Reducing Debt: AUTME's debt to equity ratio has reduced from 236% to 144.3% over the past 5 years.

Debt Coverage: AUTME's debt is not well covered by operating cash flow (3.9%).

Interest Coverage: AUTME's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet

Inventory Level: AUTME has a low level of unsold assets or inventory.

Debt Coverage by Assets: AUTME's debt is covered by short term assets (assets are 1.900040x debt).


Next Steps

Dividend

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

5.00%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.1%markettop25%4.4%industryaverage3.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AUTME's dividend (5%) is higher than the bottom 25% of dividend payers in the Italian market (2.08%).

High Dividend: AUTME's dividend (5%) is in the top 25% of dividend payers in the Italian market (4.41%)

Stable Dividend: AUTME's dividend payments have been volatile in the past 10 years.

Growing Dividend: AUTME's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.5%), AUTME's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.1yrs

Average board tenure


CEO

Giulio Barrel 0

7.5yrs

Tenure

€359,959

Compensation

Mr. Giulio Barrel has been the Chief Executive Officer at Autostrade Meridionali S.p.A. since April 2012 and serves as its Executive Director. Mr. Barrel is in charge of Internal Control and Risk Managemen ...


CEO Compensation Analysis

Compensation vs. Market: Giulio's total compensation ($USD0.00) is too low to compare against companies of similar size in the Italian market ($USD0.00).

Compensation vs Earnings: Insufficient data to compare Giulio's compensation with company performance.


Board Age and Tenure

1.1yrs

Average Tenure

Experienced Board: AUTME's board of directors are not considered experienced ( 1.1 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


Management Team

  • Giulio Barrel

    CEO & Executive Director

    • Tenure: 7.5yrs
    • Compensation: €359.96k

Board Members

  • Antonio Mastrapasqua (60yo)

    Statutory Auditor

    • Tenure: 0yrs
  • Pietro Fratta

    Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: €65.55k
  • Giulio Barrel

    CEO & Executive Director

    • Tenure: 7.5yrs
    • Compensation: €359.96k
  • Paolo Cirino Pomicino (80yo)

    Vice Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: €45.55k
  • Carolina Fontecchia

    Independent & Non-Executive Director

    • Tenure: 0yrs
  • Rossana Tirone

    Chairman of the Board of Statutory Auditors

    • Tenure: 0yrs
  • Antonella Lillo

    Non-Executive Independent Director

    • Tenure: 0yrs
  • Elisena Marella

    Statutory Auditor

    • Tenure: 0yrs
  • Maria de Guglielmo

    Independent Director

    • Tenure: 0.8yrs
  • Gianni Stornello

    Independent Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: Autostrade Meridionali S.p.A.
  • Ticker: AUTME
  • Exchange: BIT
  • Founded: 1925
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: €131.250m
  • Shares outstanding: 4.38m
  • Website: https://www.autostrademeridionali.it

Location

  • Autostrade Meridionali S.p.A.
  • Via G. Porzio, 4
  • Centro Direzionale Isola A7
  • Naples
  • 80143
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AUTMEBIT (Borsa Italiana)YesOrdinary SharesITEURMar 1995
0DNSLSE (London Stock Exchange)YesOrdinary SharesGBEURMar 1995
AUTMEMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMar 1995

Biography

Autostrade Meridionali S.p.A. operates the Naples-Pompeii-Salerno motorway in Italy. Its motorway body maintenance activities include paving, green works, horizontal and vertical signs, plants, runways, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:38
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
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.