NYSE:NTZ

Stock Analysis Report

Executive Summary

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture worldwide.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.3%

NTZ

-13.8%

US Consumer Durables

-2.0%

US Market


1 Year Return

-89.1%

NTZ

-33.2%

US Consumer Durables

-15.1%

US Market

Return vs Industry: NTZ underperformed the US Consumer Durables industry which returned -20.6% over the past year.

Return vs Market: NTZ underperformed the US Market which returned -10.7% over the past year.


Shareholder returns

NTZIndustryMarket
7 Day-7.3%-13.8%-2.0%
30 Day-39.3%-42.6%-19.7%
90 Day-72.2%-42.5%-23.2%
1 Year-89.1%-89.1%-32.3%-33.2%-13.4%-15.1%
3 Year-96.0%-96.0%-31.1%-34.2%10.9%3.7%
5 Year-93.8%-93.8%-27.3%-32.1%28.4%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NTZ ($0.51) is trading below our estimate of fair value ($166.07)

Significantly Below Fair Value: NTZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NTZ is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.

PE vs Market: NTZ is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NTZ is good value based on its PB Ratio (0x) compared to the US Consumer Durables industry average (0.8x).


Next Steps

Future Growth

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

7.2%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Natuzzi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Natuzzi performed over the past 5 years?

41.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NTZ is currently unprofitable.

Growing Profit Margin: NTZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NTZ is unprofitable, but has reduced losses over the past 5 years at a rate of 41.6% per year.

Accelerating Growth: Unable to compare NTZ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NTZ is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (10%).


Return on Equity

High ROE: NTZ has a negative Return on Equity (-34.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is Natuzzi's financial position?


Financial Position Analysis

Short Term Liabilities: NTZ's short term assets (€148.9M) exceed its short term liabilities (€137.8M).

Long Term Liabilities: NTZ's short term assets (€148.9M) exceed its long term liabilities (€119.1M).


Debt to Equity History and Analysis

Debt Level: NTZ is debt free.

Reducing Debt: NTZ has no debt compared to 5 years ago when its debt to equity ratio was 17.7%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if NTZ's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NTZ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NTZ is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NTZ'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 NTZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NTZ'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 NTZ's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Pasquale Natuzzi (79yo)

61.25s

Tenure

€120,000

Compensation

Mr. Pasquale Natuzzi is the Founder and Chief Executive Officer of Natuzzi SpA in 1959. He is also appointed as Chairman of Natuzzi SpA. He served as its President and ad interim Chief Operations Officer a ...


Leadership Team

NamePositionTenureCompensationOwnership
Pasquale Natuzzi
Chairman & CEO61.25yrs€120.00k61.56% 3.6m
Ernesto Greco
Executive Director6yrs€25.00kno data
Vittorio Notarpietro
Chief Financial & Legal Officerno datano datano data
Antonino Gambuzza
Chief Operations Officerno datano datano data
Pierangelo Colacicco
Chief Technology & Digital Innovation Officerno datano datano data
Piero Direnzo
Investor Relations Managerno datano datano data
Pasquale Natuzzi
Chief Marketing & Communications Officer and Creative Director & Stylist2.75yrsno datano data
Michele Onorato
Chief Human Resources & Organization Officerno datano datano data
Giovanni Tucci
Chief Commercial Officer of Private Label & Key Country Wholesales3.75yrsno datano data
Umberto Longobardo
Chief Quality & Customer Care Officer3.25yrsno datano data

3.5yrs

Average Tenure

53yo

Average Age

Experienced Management: NTZ's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pasquale Natuzzi
Chairman & CEO61.25yrs€120.00k61.56% 3.6m
Ernesto Greco
Executive Director6yrs€25.00kno data
Francesco Stasolla
Chairman & MD of Italsofa Romaniano datano datano data
Richard Tan
Chairman of Natuzzi China Ltd and Managing Director of Natuzzi China Ltdno datano datano data
Giuseppe D'Angelo
Non-Executive Director11.75yrs€25.00kno data
Paolo Braghieri
Non-executive Director2yrs€17.33kno data
Giuseppe Pio Macario
Chairman of Statutory Auditor1yrno datano data
Antonia Perrone
Non-Executive Director11.75yrs€25.00kno data
Vincenzo Perrone
Non-Executive Director6yrs€26.00kno data
Stefania Saviolo
Non-Executive Director6yrs€26.00kno data

6.0yrs

Average Tenure

59yo

Average Age

Experienced Board: NTZ's board of directors are considered experienced (6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Natuzzi S.p.A.
  • Ticker: NTZ
  • Exchange: NYSE
  • Founded: 1959
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: US$5.798m
  • Shares outstanding: 10.97m
  • Website: https://www.natuzzi.com

Number of Employees


Location

  • Natuzzi S.p.A.
  • Via Iazzitiello 47
  • Santeramo in Colle
  • Bari
  • 70029
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NTZNYSE (New York Stock Exchange)YesSPON ADSUSUSDMay 1993
NTZAMUN (Boerse Muenchen)YesSPON ADSDEEURMay 1993

Biography

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture worldwide. The company operates through Natuzzi Brand and Softaly/Private Label segments. Its products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; and home furnishing accessories, including coffee tables, lamps, rugs, and wall units. The company also sells polyurethane foam and leather by-products. It sells its products primarily under the Natuzzi Italia, Natuzzi Re-vive, and Natuzzi Editions brand names through franchised Divani&Divani by Natuzzi and Natuzzi Italia stores. The company was formerly known as Industrie Natuzzi S.p.A. and changed its name to Natuzzi S.p.A. in June 2002. Natuzzi S.p.A. was founded in 1959 and is headquartered in Santeramo in Colle, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 03:34
End of Day Share Price2020/04/03 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.