OTCPK:SCZZ.F

Stock Analysis Report

Società Cattolica di Assicurazione - Società Cooperativa

Executive Summary

Società Cattolica di Assicurazione - Società Cooperativa provides life and non-life insurance products and services in Italy.

Snowflake

Fundamentals

Good value average dividend payer.


Similar Companies

Share Price & News

How has Società Cattolica di Assicurazione - Società Cooperativa's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:SCZZ.F

-2.3%

US Insurance

-1.6%

US Market


1 Year Return

n/a

OTCPK:SCZZ.F

5.6%

US Insurance

-3.0%

US Market

No trading data on SCZZ.F.

No trading data on SCZZ.F.


Share holder returns

SCZZ.FIndustryMarket
7 Day0%-2.3%-1.6%
30 Day0%-5.7%-5.8%
90 Dayn/a-0.6%0.2%
1 Yearn/a8.1%5.6%-0.8%-3.0%
3 Yearn/a40.7%30.0%38.0%29.1%
5 Yearn/a60.6%41.5%50.8%34.1%

Price Volatility Vs. Market

How volatile is Società Cattolica di Assicurazione - Società Cooperativa's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Società Cattolica di Assicurazione - Società Cooperativa undervalued based on future cash flows and its price relative to the stock market?

11.99x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Società Cattolica di Assicurazione - Società Cooperativa's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Società Cattolica di Assicurazione - Società Cooperativa's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Società Cattolica di Assicurazione - Società Cooperativa is good value based on earnings compared to the US Insurance industry average.

Società Cattolica di Assicurazione - Società Cooperativa is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Società Cattolica di Assicurazione - Società Cooperativa is good value based on expected growth next year.


Price Based on Value of Assets

Società Cattolica di Assicurazione - Società Cooperativa is good value based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is Società Cattolica di Assicurazione - Società Cooperativa expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Società Cattolica di Assicurazione - Società Cooperativa's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).

Società Cattolica di Assicurazione - Società Cooperativa's earnings are expected to grow by 15.2% yearly, however this is not considered high growth (20% yearly).

Società Cattolica di Assicurazione - Società Cooperativa's revenue growth is positive but not above the United States of America market average.

Società Cattolica di Assicurazione - Società Cooperativa's earnings growth is expected to exceed the United States of America market average.

Società Cattolica di Assicurazione - Società Cooperativa's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Società Cattolica di Assicurazione - Società Cooperativa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Società Cattolica di Assicurazione - Società Cooperativa performed over the past 5 years?

3.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Società Cattolica di Assicurazione - Società Cooperativa's year on year earnings growth rate has been positive over the past 5 years.

Società Cattolica di Assicurazione - Società Cooperativa's 1-year earnings growth exceeds its 5-year average (205.1% vs 3.5%)

Società Cattolica di Assicurazione - Società Cooperativa's earnings growth has exceeded the US Insurance industry average in the past year (205.1% vs 1.2%).


Return on Equity

Società Cattolica di Assicurazione - Società Cooperativa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Società Cattolica di Assicurazione - Società Cooperativa used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Società Cattolica di Assicurazione - Società Cooperativa's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Società Cattolica di Assicurazione - Società Cooperativa's financial position?


Financial Position Analysis

Società Cattolica di Assicurazione - Società Cooperativa's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Società Cattolica di Assicurazione - Società Cooperativa's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Società Cattolica di Assicurazione - Società Cooperativa's level of debt (30.1%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (22.2% vs 30.1% today).

Debt is well covered by operating cash flow (22.3%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 4x debt.


Next Steps

Dividend

What is Società Cattolica di Assicurazione - Società Cooperativa's current dividend yield, its reliability and sustainability?

6.45%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Società Cattolica di Assicurazione - Società Cooperativa's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Società Cattolica di Assicurazione - Società Cooperativa's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).

Società Cattolica di Assicurazione - Società Cooperativa has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Società Cattolica di Assicurazione - Società Cooperativa has only been paying a dividend for 9 years, and since then dividends per share have fallen.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).


Next Steps

  • Explore strong dividend paying companies in the Insurance industry.

Management

What is the CEO of Società Cattolica di Assicurazione - Società Cooperativa's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Alberto Minali (54yo)

2.1yrs

Tenure

0

Dr. Alberto Minali has been Chief Executive Officer and Director of Società Cattolica di Assicurazione -Società Cooperativa since June 1, 2017. Dr. Minali served as Chief Financial Officer at Assicurazioni ...


Management Age and Tenure

1.8yrs

Average Tenure

51yo

Average Age

The average tenure for the Società Cattolica di Assicurazione - Società Cooperativa management team is less than 2 years, this suggests a new team.


Board Age and Tenure

0.3yrs

Average Tenure

57yo

Average Age

The average tenure for the Società Cattolica di Assicurazione - Società Cooperativa board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Alessandro Lai (59yo)

    Secretary & Director

    • Tenure: 3.5yrs
    • Compensation: €242.55k
  • Valter Trevisani (57yo)

    General Manager of Technical Area & Operations

    • Tenure: 1.2yrs
  • Alberto Minali (54yo)

    CEO, MD & Director

    • Tenure: 2.1yrs
  • Enrico Mattioli (50yo)

    Deputy GM & CFO

    • Tenure: 1.8yrs
  • Atanasio Pantarrotas

    Investor Relations Officer

    • Tenure: 1.3yrs
  • Massimo Di Tria (43yo)

    Chief Investment Officer

    • Tenure: 1.3yrs
  • Samuele Marconcini (52yo)

    Director of Organization & Group Resources

    • Tenure: 4.3yrs
  • Stefano Semolini (50yo)

    Director of Legal & Corporate affairs

    • Tenure: 2.0yrs
  • Emanuela Vecchiet (42yo)

    Director of Communications & Public Affairs

    • Tenure: 1.7yrs

Board Members

  • Alessandro Lai (59yo)

    Secretary & Director

    • Tenure: 3.5yrs
    • Compensation: €242.55k
  • Paolo Bedoni (64yo)

    Chairman of the Board

    • Tenure: 0.0yrs
    • Compensation: €1.04m
  • Alberto Minali (54yo)

    CEO, MD & Director

    • Tenure: 2.1yrs
  • Giovanni Glisenti

    Director

    • Tenure: 0.3yrs
    • Compensation: €38.44k
  • Aldo Poli (77yo)

    Deputy Vice Chairman

    • Tenure: 3.5yrs
    • Compensation: €340.24k
  • Carlo Napoleoni (52yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: €98.95k
  • Barbara Blasevich (53yo)

    Vice President of the Board

    • Tenure: 0.3yrs
    • Compensation: €240.40k
  • Cesare Brena

    Director

    • Tenure: 0.3yrs
  • Bettina Campedelli (57yo)

    Director

    • Tenure: 0.0yrs
    • Compensation: €167.04k
  • Federica Bonato

    Director

    • Tenure: 0.3yrs

Company Information

Società Cattolica di Assicurazione - Società Cooperativa's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Società Cattolica di Assicurazione - Società Cooperativa
  • Ticker: SCZZ.F
  • Exchange: OTCPK
  • Founded: 1896
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Market Cap: €1.306b
  • Listing Market Cap: €1.453b
  • Shares outstanding: 167.26m
  • Website: https://www.cattolicaassicurazioni.it

Number of Employees


Location

  • Società Cattolica di Assicurazione - Società Cooperativa
  • Lungadige Cangrande, 16
  • Verona
  • Verona
  • 37126
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCZZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2000
CASSBIT (Borsa Italiana)YesOrdinary SharesITEURNov 2000
XCWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2000
0OMBLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 2000
CASSMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 2000

Biography

Società Cattolica di Assicurazione - Società Cooperativa provides life and non-life insurance products and services in Italy. The company offers individual insurance products and services for vehicles, hea ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/28 23:56
End of Day Share Price2019/04/30 00:00
Earnings2019/03/31
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.