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ALA SPA (ALA.MI) Stock Fundamental Analysis

BIT:ALA - Euronext Milan - IT0005446700 - Common Stock - Currency: EUR

31.2  -1 (-3.11%)

Fundamental Rating

6

Taking everything into account, ALA scores 6 out of 10 in our fundamental rating. ALA was compared to 15 industry peers in the Air Freight & Logistics industry. ALA has an excellent profitability rating, but there are some minor concerns on its financial health. ALA is growing strongly while it is still valued neutral. This is a good combination! This makes ALA very considerable for growth investing!


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

ALA had positive earnings in the past year.
ALA had a positive operating cash flow in the past year.
In the past 5 years ALA has always been profitable.
Of the past 5 years ALA 4 years had a positive operating cash flow.
ALA.MI Yearly Net Income VS EBIT VS OCF VS FCFALA.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 0 5M -5M 10M 15M 20M

1.2 Ratios

ALA's Return On Assets of 5.22% is amongst the best of the industry. ALA outperforms 86.67% of its industry peers.
ALA has a Return On Equity of 16.87%. This is in the better half of the industry: ALA outperforms 66.67% of its industry peers.
ALA has a Return On Invested Capital of 15.57%. This is amongst the best in the industry. ALA outperforms 93.33% of its industry peers.
ALA had an Average Return On Invested Capital over the past 3 years of 10.50%. This is above the industry average of 7.10%.
The 3 year average ROIC (10.50%) for ALA is below the current ROIC(15.57%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.22%
ROE 16.87%
ROIC 15.57%
ROA(3y)4.93%
ROA(5y)5.16%
ROE(3y)12.82%
ROE(5y)14.89%
ROIC(3y)10.5%
ROIC(5y)11.89%
ALA.MI Yearly ROA, ROE, ROICALA.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 4.37%, ALA is in line with its industry, outperforming 53.33% of the companies in the same industry.
In the last couple of years the Profit Margin of ALA has grown nicely.
ALA has a Operating Margin of 9.94%. This is amongst the best in the industry. ALA outperforms 93.33% of its industry peers.
ALA's Operating Margin has improved in the last couple of years.
ALA has a worse Gross Margin (31.29%) than 73.33% of its industry peers.
In the last couple of years the Gross Margin of ALA has grown nicely.
Industry RankSector Rank
OM 9.94%
PM (TTM) 4.37%
GM 31.29%
OM growth 3Y6.08%
OM growth 5Y13.36%
PM growth 3Y-0.82%
PM growth 5Y18.36%
GM growth 3Y4.82%
GM growth 5Y2.39%
ALA.MI Yearly Profit, Operating, Gross MarginsALA.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 10 20 30

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ALA is creating value.
ALA has about the same amout of shares outstanding than it did 1 year ago.
ALA has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, ALA has an improved debt to assets ratio.
ALA.MI Yearly Shares OutstandingALA.MI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M
ALA.MI Yearly Total Debt VS Total AssetsALA.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

An Altman-Z score of 3.35 indicates that ALA is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.35, ALA belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
ALA has a Debt/Equity ratio of 0.65. This is a neutral value indicating ALA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.65, ALA belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z 3.35
ROIC/WACC2.09
WACC7.45%
ALA.MI Yearly LT Debt VS Equity VS FCFALA.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 0 20M 40M 60M

2.3 Liquidity

ALA has a Current Ratio of 1.68. This is a normal value and indicates that ALA is financially healthy and should not expect problems in meeting its short term obligations.
ALA has a Current ratio of 1.68. This is amongst the best in the industry. ALA outperforms 93.33% of its industry peers.
A Quick Ratio of 0.67 indicates that ALA may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.67, ALA is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.68
Quick Ratio 0.67
ALA.MI Yearly Current Assets VS Current LiabilitesALA.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

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8

3. Growth

3.1 Past

ALA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.82%, which is quite good.
ALA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.09% yearly.
Looking at the last year, ALA shows a very strong growth in Revenue. The Revenue has grown by 26.20%.
Measured over the past years, ALA shows a quite strong growth in Revenue. The Revenue has been growing by 14.13% on average per year.
EPS 1Y (TTM)11.82%
EPS 3Y18.15%
EPS 5Y35.09%
EPS Q2Q%23.67%
Revenue 1Y (TTM)26.2%
Revenue growth 3Y19.07%
Revenue growth 5Y14.13%
Sales Q2Q%24.19%

3.2 Future

Based on estimates for the next years, ALA will show a very strong growth in Earnings Per Share. The EPS will grow by 25.19% on average per year.
The Revenue is expected to grow by 15.70% on average over the next years. This is quite good.
EPS Next Y45.08%
EPS Next 2Y36.79%
EPS Next 3Y25.19%
EPS Next 5YN/A
Revenue Next Year27.44%
Revenue Next 2Y18.95%
Revenue Next 3Y15.7%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ALA.MI Yearly Revenue VS EstimatesALA.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
ALA.MI Yearly EPS VS EstimatesALA.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 25.16, which means the current valuation is very expensive for ALA.
ALA's Price/Earnings ratio is a bit more expensive when compared to the industry. ALA is more expensive than 60.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of ALA to the average of the S&P500 Index (29.35), we can say ALA is valued inline with the index average.
The Price/Forward Earnings ratio is 12.51, which indicates a correct valuation of ALA.
ALA's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, ALA is valued a bit cheaper.
Industry RankSector Rank
PE 25.16
Fwd PE 12.51
ALA.MI Price Earnings VS Forward Price EarningsALA.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ALA is valued a bit more expensive than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.94
ALA.MI Per share dataALA.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

ALA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of ALA may justify a higher PE ratio.
A more expensive valuation may be justified as ALA's earnings are expected to grow with 25.19% in the coming years.
PEG (NY)0.56
PEG (5Y)0.72
EPS Next 2Y36.79%
EPS Next 3Y25.19%

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2

5. Dividend

5.1 Amount

ALA has a Yearly Dividend Yield of 2.33%.
ALA's Dividend Yield is comparable with the industry average which is at 3.94.
Compared to an average S&P500 Dividend Yield of 2.33, ALA has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.33%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

60.44% of the earnings are spent on dividend by ALA. This is not a sustainable payout ratio.
DP60.44%
EPS Next 2Y36.79%
EPS Next 3Y25.19%
ALA.MI Yearly Income VS Free CF VS DividendALA.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 0 5M -5M 10M
ALA.MI Dividend Payout.ALA.MI Dividend Payout, showing the Payout Ratio.ALA.MI Dividend Payout.PayoutRetained Earnings

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ALA SPA

BIT:ALA (3/7/2025, 7:00:00 PM)

31.2

-1 (-3.11%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners14.6%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap281.74M
Analysts85.71
Price Target31.62 (1.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.33%
Yearly Dividend0.47
Dividend Growth(5Y)N/A
DP60.44%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)14.39%
PT rev (3m)14.39%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)10.37%
EPS NY rev (3m)10.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.34%
Revenue NY rev (3m)4.14%
Valuation
Industry RankSector Rank
PE 25.16
Fwd PE 12.51
P/S 1.1
P/FCF N/A
P/OCF 89.08
P/B 4.24
P/tB 9.2
EV/EBITDA 10.94
EPS(TTM)1.24
EY3.97%
EPS(NY)2.49
Fwd EY8%
FCF(TTM)-0.76
FCFYN/A
OCF(TTM)0.35
OCFY1.12%
SpS28.39
BVpS7.36
TBVpS3.39
PEG (NY)0.56
PEG (5Y)0.72
Profitability
Industry RankSector Rank
ROA 5.22%
ROE 16.87%
ROCE 22.85%
ROIC 15.57%
ROICexc 19.42%
ROICexgc 32.39%
OM 9.94%
PM (TTM) 4.37%
GM 31.29%
FCFM N/A
ROA(3y)4.93%
ROA(5y)5.16%
ROE(3y)12.82%
ROE(5y)14.89%
ROIC(3y)10.5%
ROIC(5y)11.89%
ROICexc(3y)15.4%
ROICexc(5y)15.91%
ROICexgc(3y)25.05%
ROICexgc(5y)23.23%
ROCE(3y)15.41%
ROCE(5y)17.45%
ROICexcg growth 3Y29.38%
ROICexcg growth 5Y17.55%
ROICexc growth 3Y8.16%
ROICexc growth 5Y8.48%
OM growth 3Y6.08%
OM growth 5Y13.36%
PM growth 3Y-0.82%
PM growth 5Y18.36%
GM growth 3Y4.82%
GM growth 5Y2.39%
F-Score5
Asset Turnover1.2
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Debt/EBITDA 1.45
Cap/Depr 226.23%
Cap/Sales 3.92%
Interest Coverage 250
Cash Conversion 10.57%
Profit Quality N/A
Current Ratio 1.68
Quick Ratio 0.67
Altman-Z 3.35
F-Score5
WACC7.45%
ROIC/WACC2.09
Cap/Depr(3y)197.59%
Cap/Depr(5y)128.28%
Cap/Sales(3y)3.38%
Cap/Sales(5y)2.2%
Profit Quality(3y)108.44%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.82%
EPS 3Y18.15%
EPS 5Y35.09%
EPS Q2Q%23.67%
EPS Next Y45.08%
EPS Next 2Y36.79%
EPS Next 3Y25.19%
EPS Next 5YN/A
Revenue 1Y (TTM)26.2%
Revenue growth 3Y19.07%
Revenue growth 5Y14.13%
Sales Q2Q%24.19%
Revenue Next Year27.44%
Revenue Next 2Y18.95%
Revenue Next 3Y15.7%
Revenue Next 5YN/A
EBIT growth 1Y42.85%
EBIT growth 3Y26.31%
EBIT growth 5Y29.37%
EBIT Next Year58.19%
EBIT Next 3Y23.12%
EBIT Next 5YN/A
FCF growth 1Y-165.3%
FCF growth 3YN/A
FCF growth 5Y12.13%
OCF growth 1Y-79.06%
OCF growth 3YN/A
OCF growth 5Y32.57%