ENXTLS:VAF

Stock Analysis Report

Vista Alegre Atlantis SGPS

Executive Summary

Vista Alegre Atlantis, SGPS, S.A. produces, distributes, and sells porcelain tableware, barware, giftware, hotelware, handmade glass and crystal, faience, and stainless steel cutlery products worldwide.

Rewards

Earnings are forecast to grow 15.59% per year

Earnings grew by 18.9% over the past year

Risk Analysis

Has a high level of debt



Snowflake Analysis

Moderate growth potential with acceptable track record.

Share Price & News

How has Vista Alegre Atlantis SGPS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VAF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.4%

VAF

1.9%

PT Consumer Durables

2.3%

PT Market


1 Year Return

-9.7%

VAF

18.1%

PT Consumer Durables

16.1%

PT Market

Return vs Industry: VAF underperformed the Portuguese Consumer Durables industry which returned 18.5% over the past year.

Return vs Market: VAF underperformed the Portuguese Market which returned 16.1% over the past year.


Shareholder returns

VAFIndustryMarket
7 Day-6.4%1.9%2.3%
30 Day-7.7%2.4%5.6%
90 Day-4.4%14.8%9.2%
1 Year-9.7%-9.7%26.0%18.1%21.4%16.1%
3 Year63.7%63.7%40.9%22.5%40.1%23.7%
5 Year45.6%45.6%85.9%47.6%22.1%-52.6%

Price Volatility Vs. Market

How volatile is Vista Alegre Atlantis SGPS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vista Alegre Atlantis SGPS undervalued compared to its fair value and its price relative to the market?

26.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VAF (€1.31) is trading above our estimate of fair value (€1.08)

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


Price To Earnings Ratio

PE vs Industry: VAF is poor value based on its PE Ratio (26.5x) compared to the Consumer Durables industry average (13.9x).

PE vs Market: VAF is poor value based on its PE Ratio (26.5x) compared to the Portuguese market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: VAF is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: VAF is overvalued based on its PB Ratio (3.8x) compared to the XE Consumer Durables industry average (1.6x).


Next Steps

Future Growth

How is Vista Alegre Atlantis SGPS forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VAF's forecast earnings growth (15.6% per year) is above the savings rate (0.4%).

Earnings vs Market: VAF's earnings (15.6% per year) are forecast to grow faster than the Portuguese market (6.2% per year).

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

Revenue vs Market: VAF's revenue (5.3% per year) is forecast to grow faster than the Portuguese market (2.5% per year).

High Growth Revenue: VAF's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VAF's Return on Equity is forecast to be low in 3 years time (18.6%).


Next Steps

Past Performance

How has Vista Alegre Atlantis SGPS performed over the past 5 years?

62.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VAF has high quality earnings.

Growing Profit Margin: VAF's current net profit margins (6.1%) are lower than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: VAF has become profitable over the past 5 years, growing earnings by 62.3% per year.

Accelerating Growth: VAF's earnings growth over the past year (18.9%) is below its 5-year average (62.3% per year).

Earnings vs Industry: VAF earnings growth over the past year (18.9%) exceeded the Consumer Durables industry 2.6%.


Return on Equity

High ROE: VAF's Return on Equity (13.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vista Alegre Atlantis SGPS's financial position?


Financial Position Analysis

Short Term Liabilities: VAF's short term assets (€64.4M) do not cover its short term liabilities (€90.7M).

Long Term Liabilities: VAF's short term assets (€64.4M) do not cover its long term liabilities (€81.2M).


Debt to Equity History and Analysis

Debt Level: VAF's debt to equity ratio (177.8%) is considered high.

Reducing Debt: VAF's debt to equity ratio has reduced from 400.9% to 177.8% over the past 5 years.

Debt Coverage: VAF's debt is well covered by operating cash flow (22.6%).

Interest Coverage: VAF's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet

Inventory Level: VAF has a high level of physical assets or inventory.

Debt Coverage by Assets: VAF's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is Vista Alegre Atlantis SGPS's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.8%markettop25%7.5%industryaverage4.3%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate VAF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VAF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VAF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VAF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VAF's dividend in 3 years as they are not forecast to pay a notable one for the Portuguese market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average board tenure


CEO

Paulo Lourenço Pires 0

0

Mr. Paulo Jorge Lourenço Pires has been a Chairman and Member of the Executive Officers Board at Vista Alegre Atlantis SGPS SA. He serves as Vice Chairman at Vista Alegre Atlantis SGPS SA and serves as its ...


Board Members

NamePositionTenureCompensationOwnership
Paulo Lourenço Pires
Chairman of the Executive Officers Board & Vice Chairman of the Board0yrsno datano data
Alda Abrantes Costa
Member of the Executive Officers Board & Director6.8yrsno datano data
Alexandra da Conceição Lopes
Member of the Executive Officers Board & Director6.8yrsno datano data
Paulo Antunes Soares
Member of the Executive Officers Board & Director3.8yrsno datano data
Nuno Miguel de Assunção Barra
Member of the Executive Officers Board & Director3.8yrsno datano data
Teodorico Pais
Member of the Executive Officers Board & Director1.3yrsno datano data
João Manuel De Castro
Director5.8yrsno datano data
Nuno Miguel Rodrigues Marques
Chairman of the Board3.1yrsno datano data
Alberto de Figueiredo Lopes
Chairman of Fiscal Board0yrsno datano data
Nuno Maria de Magalhães Fernandes Thomaz
Director1.8yrsno datano data

3.8yrs

Average Tenure

Experienced Board: VAF's board of directors are considered experienced (3.8 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Vista Alegre Atlantis, SGPS, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vista Alegre Atlantis, SGPS, S.A.
  • Ticker: VAF
  • Exchange: ENXTLS
  • Founded: 1980
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: €219.621m
  • Shares outstanding: 167.65m
  • Website: https://www.vistaalegre.com

Number of Employees


Location

  • Vista Alegre Atlantis, SGPS, S.A.
  • Lugar da Vista Alegre
  • Ílhavo
  • 3830-292
  • Portugal

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VAFENXTLS (Euronext Lisbon)YesCommon SharesPTEURJan 1992
0ZW8LSE (London Stock Exchange)YesCommon SharesGBEURJan 1992
VAFUBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 1992

Biography

Vista Alegre Atlantis, SGPS, S.A. produces, distributes, and sells porcelain tableware, barware, giftware, hotelware, handmade glass and crystal, faience, and stainless steel cutlery products worldwide. The company also offers decorative and commemorative pieces, and trophies; and customization services for porcelain and crystal pieces. It provides its products through independent retailers and distributors, as well as through its own retail network under the Vista Alegre brand name. The company was founded in 1980 and is based in Ílhavo, Portugal. Vista Alegre Atlantis, SGPS, S.A. is a subsidiary of Visabeira Industria SGPS, SA. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 21:04
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
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.