Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in the Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific.
The last earnings update was 201 days ago.
Discounted Cash Flow Calculation for OTCPK:DVDC.Y using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method. We use
analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
OTCPK:DVDC.Y DCF 1st Stage: Next 5 year cash flow forecast
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
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
is considered below, and whether this is a fair price.
Price based on past earnings
Davide Campari-Milano's earnings available for a low price, and how does
this compare to other companies in the same industry?
Davide Campari-Milano's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Davide Campari-Milano's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
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.
Davide Campari-Milano's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Davide Campari-Milano's finances.
The net worth of a company is the difference between its assets and liabilities.
Davide Campari-Milano is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Davide Campari-Milano's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Davide Campari-Milano'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
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 1x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Robert Kunze-Concew, also known as Bob, has been Chief Executive Officer of Austin, Nichols Distilling Co., Inc. since May 2007. Mr. Kunze-Concew has been Chief Executive Officer of Davide Campari - Milano SpA since May 2007 and serves as its Managing Director. He joined Procter & Gamble, in marketing, where he occupied various positions of increasing responsibility within an international realm. Following numerous assignments in strategic planning and business ownership he became Corporate Marketing Director in the Global Prestige Products division. He joined Gruppo Campari as Group Marketing Director in October 2005 where he developed and implemented many new marketing strategies for the Group's international brands. He has been Lead Independent Director and Independent Non-Executive Director at YOOX Net-A-Porter Group S.p.A. since April 30, 2015. Since September 2014, he has been a member of the Board of Directors of Luigi Lavazza S.p.A. Mr. Kunze-Concewitz has been a member of the Board of Directors of YOOX S.p.A. since April 2015. He has been an Executive Director of Davide Campari - Milano SpA since July 23, 2007. Mr. Kunze-Concew graduated in Economics from Hamilton College (USA) and obtained an MBA from Manchester Business School.
Bob's compensation has been consistent with company performance over the past year.
Bob's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Davide Campari-Milano management team is over 5 years, this suggests they are a seasoned and experienced team.
MD, CEO & Executive Director
MD, CFO & Executive Director
Head of IT
Fabio Di Fede
General Counsel and Business Development Officer
Head of Group Human Resources
Managing Director Northern
Managing Director Asia-Pacific
Head of Group Commercial Capabilities
Managing Director of North America
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Davide Campari-Milano board of directors is about average.
Davide Campari-Milano S.p.A., together with its subsidiaries, manufactures and trades in alcoholic and non-alcoholic beverages in the Americas, Europe, the Middle East, Africa, Europe, and the Asia-Pacific. Its product portfolio includes aperitifs, vodka, whisky, tequila, rum, gin, liqueurs, sparkling and still wines, and ready to drink products under approximately 50 brands. The company was founded in 1860 and is headquartered in Sesto San Giovanni, Italy. Davide Campari-Milano S.p.A. is a subsidiary of Alicros S.p.A.
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