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Safilo Group

OTCPK:SAFL.Y
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAFL.Y
OTCPK
€287M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Safilo Group S.p.A. engages in the design, production, wholesale, and retail distribution of products for the eyewear market worldwide. The last earnings update was 48 days ago. More info.


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  • Safilo Group has significant price volatility in the past 3 months.
SAFL.Y Share Price and Events
7 Day Returns
-2.5%
OTCPK:SAFL.Y
-1.8%
US Luxury
-0.7%
US Market
1 Year Returns
-
OTCPK:SAFL.Y
8.9%
US Luxury
3%
US Market
SAFL.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Safilo Group (SAFL.Y) -2.5% 46.3% - - - -
US Luxury -1.8% -5.6% -1.8% 8.9% 32.4% 45.6%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on SAFL.Y.
  • No trading data on SAFL.Y.
Price Volatility
SAFL.Y
Industry
5yr Volatility vs Market

Value

 Is Safilo Group 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 Safilo Group 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 Safilo Group.

OTCPK:SAFL.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:SAFL.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 9%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.688 (1 + (1- 24%) (73.49%))
1.049
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.049 * 9.02%)
12.19%

Discounted Cash Flow Calculation for OTCPK:SAFL.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Safilo Group 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.

OTCPK:SAFL.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.19%)
2019 -19.50 Analyst x2 -17.38
2020 5.77 Analyst x3 4.58
2021 26.50 Analyst x2 18.77
2022 44.59 Est @ 68.25% 28.14
2023 66.25 Est @ 48.59% 37.27
2024 89.33 Est @ 34.83% 44.80
2025 111.84 Est @ 25.2% 49.99
2026 132.49 Est @ 18.46% 52.79
2027 150.70 Est @ 13.74% 53.52
2028 166.43 Est @ 10.44% 52.68
Present value of next 10 years cash flows €325.16
OTCPK:SAFL.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €166.43 × (1 + 2.73%) ÷ (12.19% – 2.73%)
€1,807.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,807.11 ÷ (1 + 12.19%)10
€572.01
OTCPK:SAFL.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €325.16 + €572.01
€897.16
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €897.16 / 275.70
€3.25
OTCPK:SAFL.Y Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.40
Current discount Discount to share price of $2.37
= -1 x ($2.37 - $7.40) / $7.40
68%

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

Current Discount
Amount off the current price Safilo Group is available for.
Intrinsic value
>50%
Share price is $2.37 vs Future cash flow value of $7.4
Current Discount Checks
For Safilo Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Safilo Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Safilo Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Safilo Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Safilo Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SAFL.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.30
BIT:SFL Share Price ** BIT (2019-05-15) in EUR €1.04
United States of America Luxury Industry PE Ratio Median Figure of 38 Publicly-Listed Luxury Companies 16.7x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of Safilo Group.

OTCPK:SAFL.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.04 ÷ -0.30

-3.47x

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

  • Safilo Group is loss making, we can't compare its value to the US Luxury industry average.
  • Safilo Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Safilo Group's expected growth come at a high price?
Raw Data
OTCPK:SAFL.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
83.1%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*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 Safilo Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Safilo Group's assets?
Raw Data
OTCPK:SAFL.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.58
BIT:SFL Share Price * BIT (2019-05-15) in EUR €1.04
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:SAFL.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.04 ÷ 2.58

0.4x

* Primary Listing of Safilo Group.

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

  • Safilo Group is good value based on assets compared to the US Luxury industry average.
X
Value checks
We assess Safilo Group'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Safilo Group 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 Safilo Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
83.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Safilo Group expected to grow at an attractive rate?
  • Safilo Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Safilo Group's earnings growth is expected to exceed the United States of America market average.
  • Safilo Group's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SAFL.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SAFL.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 83.1%
OTCPK:SAFL.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -1.3%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:SAFL.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SAFL.Y Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 899 17 3
2020-12-31 989 51 9 4
2019-12-31 965 30 -27 5
OTCPK:SAFL.Y Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 963 3 -32
2018-09-30 972 -144
2018-06-30 992 -19 -256
2018-03-31 1,019 -25 -254
2017-12-31 1,035 -31 -252
2017-09-30 1,092 -210
2017-06-30 1,149 40 -168
2017-03-31 1,201 64 -155
2016-12-31 1,253 89 -142
2016-09-30 1,271 79 -126
2016-06-30 1,255 61 -45
2016-03-31 1,280 84 -46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Safilo Group's earnings are expected to grow significantly at over 20% yearly.
  • Safilo Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:SAFL.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Safilo Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SAFL.Y Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.04 0.08 0.00 3.00
2020-12-31 0.04 0.05 0.03 3.00
2019-12-31 -0.10 -0.08 -0.12 3.00
OTCPK:SAFL.Y Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.30
2018-09-30 -1.69
2018-06-30 -4.08
2018-03-31 -4.05
2017-12-31 -4.01
2017-09-30 -3.35
2017-06-30 -2.68
2017-03-31 -2.48
2016-12-31 -2.27
2016-09-30 -2.02
2016-06-30 -0.72
2016-03-31 -0.74

*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.
  • Safilo Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Safilo Group'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Safilo Group has a total score of 3/6, 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 Safilo Group 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 Safilo Group's growth in the last year to its industry (Luxury).
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.
  • Safilo Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Safilo Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Safilo Group's 1-year growth to the US Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Safilo Group'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 Safilo Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SAFL.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 962.86 -32.45 516.91
2018-09-30 971.61 -144.17 525.40
2018-06-30 991.96 -255.90 533.89
2018-03-31 1,019.46 -253.73 548.88
2017-12-31 1,035.34 -251.57 563.88
2017-09-30 1,092.18 -209.79 591.96
2017-06-30 1,149.01 -168.01 620.05
2017-03-31 1,200.97 -155.06 647.76
2016-12-31 1,252.93 -142.10 675.48
2016-09-30 1,271.24 -126.44 680.45
2016-06-30 1,255.14 -44.81 682.04
2016-03-31 1,280.21 -46.04 696.93
2015-12-31 1,278.96 -52.75 692.08
2015-09-30 1,270.87 18.13 682.48
2015-06-30 1,247.32 18.08 669.93
2015-03-31 1,209.78 24.02 648.31
2014-12-31 1,178.68 39.03 632.04
2014-09-30 1,147.31 25.41 620.75
2014-06-30 1,129.46 24.75 608.17
2014-03-31 1,117.72 18.59 599.55
2013-12-31 1,121.53 15.52 596.13
2013-09-30 1,154.70 26.80 607.19
2013-06-30 1,160.37 24.43 606.19
2013-03-31 1,183.59 27.31 607.58
2012-12-31 1,175.29 25.87 605.00
2012-09-30 1,130.75 22.14 587.28
2012-06-30 1,111.91 18.11 575.55

*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.
  • It is difficult to establish if Safilo Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Safilo Group has efficiently used its assets last year compared to the US Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Safilo Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Safilo Group'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 Luxury 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.
Safilo Group has a total score of 0/6, 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 Safilo Group'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 Safilo Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Safilo Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Safilo Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Safilo Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x 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 Safilo Group Company Filings, last reported 4 months ago.

OTCPK:SAFL.Y Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 646.32 211.13 178.25
2018-09-30 646.32 211.13 178.25
2018-06-30 529.76 284.08 112.94
2018-03-31 529.76 284.08 112.94
2017-12-31 533.21 207.90 76.25
2017-09-30 533.21 207.90 76.25
2017-06-30 807.56 190.92 78.22
2017-03-31 807.56 190.92 78.22
2016-12-31 872.80 157.41 109.04
2016-09-30 872.80 157.41 109.04
2016-06-30 998.00 174.80 71.98
2016-03-31 998.00 174.80 71.98
2015-12-31 998.60 176.55 86.64
2015-09-30 1,039.21 178.94 81.79
2015-06-30 1,051.13 190.16 80.06
2015-03-31 1,075.05 205.36 77.05
2014-12-31 974.26 251.88 88.55
2014-09-30 944.71 263.68 99.52
2014-06-30 884.19 260.53 90.73
2014-03-31 860.04 291.38 79.83
2013-12-31 846.06 265.64 82.61
2013-09-30 862.32 258.56 77.12
2013-06-30 881.72 275.78 70.95
2013-03-31 897.15 297.31 73.19
2012-12-31 862.85 276.23 59.39
2012-09-30 875.00 302.53 72.69
2012-06-30 892.94 293.16 57.76
  • Safilo Group's level of debt (32.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.4% vs 32.7% today).
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.

  • Safilo Group has sufficient cash runway for more than 3 years based on current free cash flow.
  • Safilo Group has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 105.4% each year.
X
Financial health checks
We assess Safilo Group'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. Safilo Group has a total score of 5/6, 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 Safilo Group'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
0%
Current annual income from Safilo Group dividends. Estimated to be 0% next year.
If you bought $2,000 of Safilo Group shares you are expected to receive $0 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?
  • Unable to evaluate Safilo Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Safilo Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
OTCPK:SAFL.Y 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 5 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:SAFL.Y Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
OTCPK:SAFL.Y Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-11-11 0.000 0.000
2009-08-04 0.000 0.000

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

  • Unable to perform a dividend volatility check as Safilo Group has not reported any payouts.
  • Unable to verify if Safilo Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Safilo Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Safilo Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Safilo Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Safilo Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Safilo Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Safilo Group has a total score of 0/6, 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 Safilo Group'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
Angelo Trocchia
AGE 55
TENURE AS CEO 1.1 years
CEO Bio

Mr. Angelo Trocchia has been Chief Executive Officer and Director of Safilo Group SpA since April 24, 2018. He served as the Chairman and Chief Executive Officer of Unilever Italia srl. After an MBA at the STOA'/MIT in Naples and a PHD in aeronautical engineering at the University La Sapienza in Rome, Angelo Trocchia began in 1991 an international career in Unilever, where he held various roles of increasing responsibility in supply chain and sales. Until February 2013 he was the Chief Executive Officer of the Unilever Business in Israel, where he delivered two important acquisitions in the Ice Cream and Salty Snack Fields, as well as a significant growth in the Personal Care business. He also played a key role in leading the local company towards a brand new organizational set-up. Previous roles in Unilever include the General Management of the Frozen Foods business, which he led until its acquisition from the Findus group, managing the whole transition process. Before that, he served as General Manager of the Unilever Ice Cream business in the Czech Republic and he also led the Italian Ice Cream business, which accounts for more than 40% of the total Italian business turnover.

CEO Compensation
  • Insufficient data for Angelo to compare compensation growth.
  • Insufficient data for Angelo to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Eugenio Razelli

TITLE
Executive Chairman
COMPENSATION
€86K
AGE
68
TENURE
1.3 yrs

Angelo Trocchia

TITLE
CEO & Director
AGE
55
TENURE
1.1 yrs

Gerd Graehsler

TITLE
Group Chief Financial Officer

Barbara Ferrante

TITLE
Director of Investor Relations
Board of Directors Tenure

Average tenure and age of the Safilo Group board of directors in years:

2.1
Average Tenure
59
Average Age
  • The average tenure for the Safilo Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Angelo Trocchia

TITLE
CEO & Director
AGE
55
TENURE
1.1 yrs

Jeff Cole

TITLE
Non-Executive Director
COMPENSATION
€69K
AGE
77
TENURE
9.2 yrs

Eugenio Razelli

TITLE
Executive Chairman
COMPENSATION
€86K
AGE
68
TENURE
2.1 yrs

Ines Mazzilli

TITLE
Independent Director
COMPENSATION
€53K
AGE
56
TENURE
4.1 yrs

Carmen Pezzuto

TITLE
Chairman of Board of Statutory Auditors
AGE
51
TENURE
2 yrs

Mel Groot

TITLE
Director
COMPENSATION
€63K
AGE
59
TENURE
6.8 yrs

Robert Polet

TITLE
Non-Executive Director
COMPENSATION
€130K
AGE
63

Guido Guzzetti

TITLE
Independent Non Executive Director
COMPENSATION
€43K
AGE
63
TENURE
4.1 yrs

Catherine Yvonne Gérardin-Vautrin

TITLE
Independent Non Executive Director
AGE
59
TENURE
1.1 yrs

Cinzia Morelli-Verhoog

TITLE
Independent Non Executive Director
AGE
58
TENURE
1.1 yrs
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 Safilo Group'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. Safilo Group 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

Company Info

Description

Safilo Group S.p.A. engages in the design, production, wholesale, and retail distribution of products for the eyewear market worldwide. The company operates through Wholesale and Retail segments. Its brand portfolio comprises a set of own branded products, such as optical frames, sunglasses, and sports goggles and helmets, as well as licensed brands, including prescription frames and sunglasses. The company offers its products under own brands, including Carrera, Oxydo, Polaroid, Safilo, Safilo X, and Smith, as well as Adensco, Chesterfield, and Denim; and licensed brands, such as Banana Republic, Bobbi Brown, BOSS, BOSS Orange, Dior, Dior Homme, Fendi, Fossil, Givenchy, Havaianas, Jimmy Choo, Juicy Couture, Kate Spade, Liz Claiborne, Marc Jacobs, Max Mara, Max&Co, Moschino, Love Moschino, Pierre Cardin, rag&bone, Rebecca Minkoff, Saks Fifth Avenue, Swatch, and Tommy Hilfiger. It serves opticians, optometrists, ophthalmologists, distribution chains, department stores, specialized retailers, licensors’ own stores, duty free shops, and sports shops. The company sells its products through independent distributors and agents. The company was formerly known as Safilo Holding S.p.A. and changed its name to Safilo Group S.p.A. in September 2005. Safilo Group S.p.A. was founded in 1878 and is headquartered in Padua, Italy.

Details
Name: Safilo Group S.p.A.
SAFL.Y
Exchange: OTCPK
Founded: 1878
€320,628,802
275,703,846
Website: http://www.safilogroup.com
Address: Safilo Group S.p.A.
Settima Strada 15,
Padua,
Padova, 35129,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT SFL Ordinary Shares Borsa Italiana IT EUR 09. Dec 2005
OTCPK SAFL.F Ordinary Shares Pink Sheets LLC US USD 09. Dec 2005
DB S5U5 Ordinary Shares Deutsche Boerse AG DE EUR 09. Dec 2005
LSE 0NJ5 Ordinary Shares London Stock Exchange GB EUR 09. Dec 2005
BATS-CHIXE SFLM Ordinary Shares BATS 'Chi-X Europe' GB EUR 09. Dec 2005
OTCPK SAFL.Y UNSPONSORD ADR Pink Sheets LLC US USD 06. Jan 2012
Number of employees
Current staff
Staff numbers
6,594
Safilo Group employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:48
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/04/02
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.