OTCPK:GXSB.F

Stock Analysis Report

Executive Summary

Geox S.p.A. creates, produces, promotes, and distributes footwear and apparel for retailers and end consumers in Italy, Europe, North America, and internationally.

Snowflake

Fundamentals

Adequate balance sheet unattractive dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

GXSB.F

4.1%

US Luxury

3.4%

US Market


1 Year Return

n/a

GXSB.F

7.9%

US Luxury

5.4%

US Market

Return vs Industry: Insufficient data to determine how GXSB.F performed against the US Luxury industry.

Return vs Market: Insufficient data to determine how GXSB.F performed against the US Market.


Shareholder returns

GXSB.FIndustryMarket
7 Day0%4.1%3.4%
30 Day0%4.1%-1.0%
90 Day-19.4%3.0%-0.4%
1 Yearn/a10.2%7.9%7.7%5.4%
3 Yearn/a54.2%47.4%46.2%36.8%
5 Year-59.2%-59.2%51.4%41.5%65.6%47.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: GXSB.F ($1.25) is trading above our estimate of fair value ($1.1)

Significantly Undervalued: GXSB.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GXSB.F is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GXSB.F is good value based on its PB Ratio (1x) compared to the US Luxury industry average (1.6x).


Next Steps

Future Growth

How is Geox forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

130.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GXSB.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GXSB.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GXSB.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GXSB.F's revenue (6% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: GXSB.F's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: GXSB.F's Return on Equity is forecast to be low in 3 years time (3.5%).


Next Steps

Past Performance

How has Geox performed over the past 5 years?

22.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GXSB.F is unprofitable, but has reduced losses over the past 5 years at a rate of 22.8% per year.

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

Earnings vs Industry: GXSB.F is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (23.9%).


Return on Equity

High ROE: GXSB.F has a negative Return on Equity (-3.61%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GXSB.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GXSB.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Geox's financial position?


Financial Position Analysis

Short Term Liabilities: GXSB.F's short term assets (€502.7M) exceeds its short term liabilities (€368.8M)

Long Term Liabilities: GXSB.F's short term assets (502.7M) exceeds its long term liabilities (272.2M)


Debt to Equity History and Analysis

Debt Level: GXSB.F's debt to equity ratio (96%) is considered high

Reducing Debt: GXSB.F's debt to equity ratio has increased from 26.4% to 96% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: GXSB.F's debt is covered by short term assets (assets are 1.603280x debt).


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 GXSB.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GXSB.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 65.8% per year.


Next Steps

Dividend

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

2.08%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.5%markettop25%3.8%industryaverage1.4%forecastin3Years1.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GXSB.F's dividend (2.08%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: GXSB.F's dividend (2.08%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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

Growing Dividend: GXSB.F's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: GXSB.F is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: GXSB.F's dividends in 3 years are forecast to be well covered by earnings (31.1% payout ratio).


Next Steps

Management

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

3.4yrs

Average board tenure


CEO

Matteo Maria Mascazzini (50yo)

1.7yrs

Tenure

0

Mr. Matteo Carlo Maria Mascazzini is Chief Executive Officer and Executive Director of Geox SpA since 1st February 2018. He served as Chief Operating Officer at Giorgio Armani Corporation since March 1, 20 ...


Board Age and Tenure

3.4yrs

Average Tenure

53yo

Average Age

Experienced Board: GXSB.F's board of directors are considered experienced (3.4 years average tenure).


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

  • Mario Polegato (67yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: €1.80m
  • Matteo Maria Mascazzini (50yo)

    CEO & Executive Director

    • Tenure: 1.7yrs
  • Enrico Polegato (38yo)

    Executive Vice Chairman

    • Tenure: 0yrs
    • Compensation: €150.00k
  • Livio Libralesso (53yo)

    CFO, General Manager of Corporate

    • Tenure: 1.5yrs
    • Compensation: €412.44k

Board Members

  • Duncan Niederauer (59yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: €25.00k
  • Mario Polegato (67yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: €1.80m
  • Matteo Maria Mascazzini (50yo)

    CEO & Executive Director

    • Tenure: 1.7yrs
  • Enrico Polegato (38yo)

    Executive Vice Chairman

    • Tenure: 0yrs
    • Compensation: €150.00k
  • Alessandro Giusti (69yo)

    Director

    • Tenure: 0yrs
    • Compensation: €100.00k
  • Francesca Meneghel (58yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: €45.00k
  • Livio Libralesso (53yo)

    CFO, General Manager of Corporate

    • Tenure: 1.5yrs
    • Compensation: €412.44k
  • Claudia Baggio (38yo)

    Director

    • Tenure: 6.9yrs
    • Compensation: €25.00k
  • Lara Livolsi (45yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €45.00k
  • Sonia Ferrero

    Chairman of Board of Statutory Auditors

    • Tenure: 3.4yrs

Company Information

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


Key Information

  • Name: Geox S.p.A.
  • Ticker: GXSB.F
  • Exchange: OTCPK
  • Founded: 1995
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: €311.567m
  • Listing Market Cap: €343.855m
  • Shares outstanding: 259.21m
  • Website: https://www.geox.com

Number of Employees


Location

  • Geox S.p.A.
  • Via Feltrina Centro No. 16
  • Biadene di Montebelluna
  • Montebelluna
  • Treviso
  • 31044
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GHHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2004
GEOBIT (Borsa Italiana)YesOrdinary SharesITEURDec 2004
GXSB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2004
0KHHLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 2004
GEOMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 2004
GXSB.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Geox S.p.A. creates, produces, promotes, and distributes footwear and apparel for retailers and end consumers in Italy, Europe, North America, and internationally. It operates through two segments, Footwea ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:59
End of Day Share Price2019/08/16 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.