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Autostrade Meridionali

BIT:AUTME
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AUTME
BIT
€134M
Market Cap
  1. Home
  2. IT
  3. Transportation
Company description

Autostrade Meridionali S.p.A. operates the Naples-Pompeii-Salerno motorway in Italy. The last earnings update was 29 days ago. More info.


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AUTME Share Price and Events
7 Day Returns
-4.7%
BIT:AUTME
-1.7%
IT Infrastructure
0.8%
IT Market
1 Year Returns
-7.8%
BIT:AUTME
-10.8%
IT Infrastructure
-7.4%
IT Market
AUTME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Autostrade Meridionali (AUTME) -4.7% -0.6% 9.3% -7.8% 77.1% 88.3%
IT Infrastructure -1.7% 1.4% 12.9% -10.8% 7.5% 35.3%
IT Market 0.8% 2.3% 10.2% -7.4% -8.7% -34%
1 Year Return vs Industry and Market
  • AUTME outperformed the Infrastructure industry which returned -10.8% over the past year.
Price Volatility
AUTME
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Autostrade Meridionali to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Autostrade Meridionali.

BIT:AUTME Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 20.1%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:AUTME
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.985 (1 + (1- 24%) (182.92%))
1.908
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.908 * 9.02%)
20.14%

Discounted Cash Flow Calculation for BIT:AUTME using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Autostrade Meridionali is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:AUTME DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 20.14%)
2019 14.18 Est @ -1.63% 11.80
2020 14.14 Est @ -0.26% 9.80
2021 14.24 Est @ 0.7% 8.21
2022 14.44 Est @ 1.37% 6.93
2023 14.70 Est @ 1.84% 5.87
2024 15.02 Est @ 2.17% 4.99
2025 15.38 Est @ 2.4% 4.26
2026 15.77 Est @ 2.56% 3.63
2027 16.19 Est @ 2.67% 3.11
2028 16.64 Est @ 2.75% 2.66
Present value of next 10 years cash flows €61.26
BIT:AUTME DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €16.64 × (1 + 2.93%) ÷ (20.14% – 2.93%)
€99.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €99.53 ÷ (1 + 20.14%)10
€15.88
BIT:AUTME Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €61.26 + €15.88
€77.14
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €77.14 / 4.38
€17.63
BIT:AUTME Discount to Share Price
Calculation Result
Value per share (EUR) From above. €17.63
Current discount Discount to share price of €30.70
= -1 x (€30.70 - €17.63) / €17.63
-74.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Autostrade Meridionali is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Autostrade Meridionali's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Autostrade Meridionali's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:AUTME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.88
BIT:AUTME Share Price ** BIT (2019-04-18) in EUR €30.7
Italy Infrastructure Industry PE Ratio Median Figure of 9 Publicly-Listed Infrastructure Companies 22.82x
Italy Market PE Ratio Median Figure of 240 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Autostrade Meridionali.

BIT:AUTME PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:AUTME Share Price ÷ EPS (both in EUR)

= 30.7 ÷ 4.88

6.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autostrade Meridionali is good value based on earnings compared to the IT Infrastructure industry average.
  • Autostrade Meridionali is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does Autostrade Meridionali's expected growth come at a high price?
Raw Data
BIT:AUTME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.6%per year
Italy Infrastructure Industry PEG Ratio Median Figure of 7 Publicly-Listed Infrastructure Companies 2.15x
Italy Market PEG Ratio Median Figure of 159 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Autostrade Meridionali, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Autostrade Meridionali's assets?
Raw Data
BIT:AUTME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €38.18
BIT:AUTME Share Price * BIT (2019-04-18) in EUR €30.7
Italy Infrastructure Industry PB Ratio Median Figure of 9 Publicly-Listed Infrastructure Companies 2.31x
Italy Market PB Ratio Median Figure of 313 Publicly-Listed Companies 1.54x
BIT:AUTME PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:AUTME Share Price ÷ Book Value per Share (both in EUR)

= 30.7 ÷ 38.18

0.8x

* Primary Listing of Autostrade Meridionali.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Autostrade Meridionali is good value based on assets compared to the IT Infrastructure industry average.
X
Value checks
We assess Autostrade Meridionali's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Autostrade Meridionali has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Autostrade Meridionali, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Autostrade Meridionali expected to grow at an attractive rate?
  • Autostrade Meridionali's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Autostrade Meridionali's earnings growth is positive but not above the Italy market average.
  • Unable to compare Autostrade Meridionali's revenue growth to the Italy market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BIT:AUTME Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:AUTME Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.6%
Italy Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Italy Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
Italy Market Earnings Growth Rate Market Cap Weighted Average 10.8%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:AUTME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:AUTME Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 93 13 21
2018-09-30 92 12 21
2018-06-30 89 22 19
2018-03-31 91 13 20
2017-12-31 88 14 20
2017-09-30 90 11 18
2017-06-30 90 10 20
2017-03-31 86 8 17
2016-12-31 85 9 15
2016-09-30 92 12 12
2016-06-30 85 6 10
2016-03-31 92 11 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Autostrade Meridionali's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Autostrade Meridionali is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:AUTME Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Autostrade Meridionali Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:AUTME Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.88
2018-09-30
2018-06-30 4.36
2018-03-31
2017-12-31 4.49
2017-09-30
2017-06-30 4.52
2017-03-31
2016-12-31 3.45
2016-09-30 2.79
2016-06-30 2.39
2016-03-31 2.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Autostrade Meridionali will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Autostrade Meridionali's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Autostrade Meridionali has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Autostrade Meridionali performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Autostrade Meridionali's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Autostrade Meridionali has delivered over 20% year on year earnings growth in the past 5 years.
  • Autostrade Meridionali's 1-year earnings growth is less than its 5-year average (8.7% vs 37.6%)
  • Autostrade Meridionali's earnings growth has not exceeded the IT Infrastructure industry average in the past year (8.7% vs 11.2%).
Earnings and Revenue History
Autostrade Meridionali's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Autostrade Meridionali Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:AUTME Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 92.75 21.35
2018-09-30 91.75 21.27
2018-06-30 89.05 19.08
2018-03-31 91.18 20.17
2017-12-31 88.02 19.64
2017-09-30 90.12 18.28
2017-06-30 90.19 19.79
2017-03-31 86.20 16.71
2016-12-31 85.22 15.09
2016-09-30 91.87 12.21
2016-06-30 84.53 10.47
2016-03-31 92.36 9.75
2015-12-31 91.29 9.32
2015-09-30 96.06 9.54
2015-06-30 97.50 6.20
2015-03-31 91.48 4.79
2014-12-31 90.49 3.25
2014-09-30 108.60 2.60
2014-06-30 105.23 2.82
2014-03-31 107.37 3.31
2013-12-31 107.03 2.81
2013-09-30 113.15 2.85
2013-06-30 108.99 1.57
2013-03-31 119.99 -0.17
2012-12-31 123.18 -0.25
2012-09-30 130.54 -2.30
2012-06-30 139.58 -0.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Autostrade Meridionali has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Autostrade Meridionali used its assets more efficiently than the IT Infrastructure industry average last year based on Return on Assets.
  • Autostrade Meridionali has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Autostrade Meridionali's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Autostrade Meridionali has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Autostrade Meridionali's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Autostrade Meridionali's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Autostrade Meridionali is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Autostrade Meridionali's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Autostrade Meridionali's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Autostrade Meridionali Company Filings, last reported 3 months ago.

BIT:AUTME Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 167.04 245.68 21.37
2018-09-30 162.68 246.82 22.07
2018-06-30 155.89 245.44 20.65
2018-03-31 154.89 247.12 17.68
2017-12-31 150.14 247.92 16.01
2017-09-30 145.82 246.98 15.04
2017-06-30 141.13 257.89 15.21
2017-03-31 133.05 245.08 3.64
2016-12-31 133.05 245.08 3.64
2016-09-30 130.06 245.68 5.39
2016-06-30 123.88 256.64 2.32
2016-03-31 122.23 252.16 2.62
2015-12-31 119.62 256.55 2.58
2015-09-30 119.57 256.97 2.31
2015-06-30 115.12 260.88 2.37
2015-03-31 114.22 256.72 2.24
2014-12-31 112.02 257.39 2.71
2014-09-30 111.73 255.26 2.30
2014-06-30 110.60 261.06 2.29
2014-03-31 110.19 254.35 2.39
2013-12-31 109.52 256.26 3.11
2013-09-30 109.89 251.13 2.29
2013-06-30 108.55 225.00 2.49
2013-03-31 106.79 234.47 1.97
2012-12-31 106.63 0.00 2.22
2012-09-30 106.97 211.85 1.10
2012-06-30 106.92 206.39 0.88
  • Autostrade Meridionali's level of debt (147.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (234% vs 147.1% today).
  • Debt is not well covered by operating cash flow (5.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Autostrade Meridionali's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Autostrade Meridionali has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.89%
Current annual income from Autostrade Meridionali dividends.
If you bought €2,000 of Autostrade Meridionali shares you are expected to receive €98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Autostrade Meridionali's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (1.94%).
  • Autostrade Meridionali's dividend is above the markets top 25% of dividend payers in Italy (4.42%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:AUTME Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Italy Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.7%
Italy Market Average Dividend Yield Market Cap Weighted Average of 183 Stocks 4%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.2%
Italy Bottom 25% Dividend Yield 25th Percentile 1.9%
Italy Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:AUTME Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-20 1.500 4.816
2018-03-09 1.000 3.561
2017-03-21 0.600 2.341
2016-03-23 0.400 2.284
2015-03-25 0.400 2.255
2015-02-25 0.400 2.461
2014-04-16 0.200 1.289
2014-04-03 0.200 1.201
2013-02-22 0.000 0.000
2012-03-14 0.800 5.121
2011-02-24 0.800 4.168
2010-03-22 0.800 3.673
2009-04-20 0.800 5.291

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Autostrade Meridionali's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Autostrade Meridionali's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Autostrade Meridionali afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Autostrade Meridionali has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Giulio Barrel
COMPENSATION €359,959
TENURE AS CEO 7 years
CEO Bio

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 Management at Autostrade Meridionali S.p.A. Mr. Barrel served as Ethics Officer of Atlantia SpA until May 21, 2014.

CEO Compensation
  • Insufficient data for Giulio to compare compensation growth.
  • Giulio's remuneration is higher than average for companies of similar size in Italy.
Management Team

Giulio Barrel

TITLE
CEO & Executive Director
COMPENSATION
€360K
TENURE
7 yrs
Board of Directors Tenure

Average tenure and age of the Autostrade Meridionali board of directors in years:

4
Average Tenure
59
Average Age
  • The tenure for the Autostrade Meridionali board of directors is about average.
Board of Directors

Pietro Fratta

TITLE
Chairman of the Board
COMPENSATION
€66K
TENURE
4 yrs

Giulio Barrel

TITLE
CEO & Executive Director
COMPENSATION
€360K

Paolo Cirino Pomicino

TITLE
Vice Chairman
COMPENSATION
€46K
AGE
79
TENURE
4 yrs

Carolina Fontecchia

TITLE
Independent & Non-Executive Director

Rossana Tirone

TITLE
Chairman of the Board of Statutory Auditors

Cristina De Benetti

TITLE
Independent & Non-Executive Director
AGE
52
TENURE
3.5 yrs

Mara Anna Caverni

TITLE
Non-Executive Independent Director

Antonella Lillo

TITLE
Non-Executive Independent Director

Elisena Marella

TITLE
Statutory Auditor

Antonio Mastrapasqua

TITLE
Statutory Auditor
AGE
59
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Autostrade Meridionali's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Autostrade Meridionali has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Autostrade Meridionali's (BIT:AUTME) Share Price Gain of 95% Match Its Business Performance?

(BIT:AUTME) share price is up 95% in the last 5 years, clearly besting than the market return of around -33% (ignoring dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Autostrade Meridionali managed to grow its earnings per share at 50% a year.

Simply Wall St -

Does Autostrade Meridionali S.p.A. (BIT:AUTME) Have A Good P/E Ratio?

To keep it practical, we'll show how Autostrade Meridionali S.p.A.'s (BIT:AUTME) P/E ratio could help you assess the value on offer. … Autostrade Meridionali has a P/E ratio of 6.38, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Is Autostrade Meridionali S.p.A. (BIT:AUTME) An Attractive Dividend Stock?

Does Autostrade Meridionali tick all the boxes of a great dividend stock? … View our latest analysis for Autostrade Meridionali … 5 checks you should use to assess a dividend stock

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Should You Worry About Autostrade Meridionali S.p.A.'s (BIT:AUTME) CEO Salary Level?

Giulio Barrel became the CEO of Autostrade Meridionali S.p.A. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Giulio Barrel's Compensation Compare With Similar Sized Companies?

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What Kind Of Shareholders Own Autostrade Meridionali S.p.A. (BIT:AUTME)?

Every investor in Autostrade Meridionali S.p.A. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Read This Before You Buy Autostrade Meridionali S.p.A. (BIT:AUTME) Because Of Its P/E Ratio

We'll look at Autostrade Meridionali S.p.A.'s (BIT:AUTME) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Autostrade Meridionali's P/E ratio is 5.45. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Autostrade Meridionali SpA (BIT:AUTME) An Attractive Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Autostrade Meridionali SpA (BIT:AUTME) has paid dividends to shareholders, and these days it yields 3.6%. … Let's take a look at Autostrade Meridionali in more detail.

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What Should You Know About Autostrade Meridionali SpA's (BIT:AUTME) Return On Capital?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Autostrade Meridionali is able to use capital to create earnings will help us understand your potential return.

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Is Autostrade Meridionali SpA's (BIT:AUTME) CEO Overpaid Relative To Its Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Giulio Barrel's Compensation Compare With Similar Sized Companies. … According to our data, Autostrade Meridionali SpA has a market capitalization of €104m, and pays its CEO total annual compensation worth €360k.

Simply Wall St -

What Kind Of Shareholders Own Autostrade Meridionali SpA (BIT:AUTME)?

The big shareholder groups in Autostrade Meridionali SpA (BIT:AUTME) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Autostrade Meridionali is not a large company by global standards.

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Company Info

Description

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, installations, runways, and station buildings. The company was founded in 1925 and is based in Naples, Italy. Autostrade Meridionali S.p.A. is a subsidiary of Autostrade per l'Italia S.p.A.

Details
Name: Autostrade Meridionali S.p.A.
AUTME
Exchange: BIT
Founded: 1925
€134,312,500
4,375,000
Website: http://www.autostrademeridionali.it
Address: Autostrade Meridionali S.p.A.
Via G. Porzio, 4,
Centro Direzionale Isola A7,
Naples,
80143,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT AUTME Ordinary Shares Borsa Italiana IT EUR 06. Mar 1995
LSE 0DNS Ordinary Shares London Stock Exchange GB EUR 06. Mar 1995
BATS-CHIXE AUTMEM Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Mar 1995
Number of employees
Current staff
Staff numbers
0
Autostrade Meridionali employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:44
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.