AMPLIFON SPA (AMP.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:AMP - IT0004056880 - Common Stock
13.233 EUR
-0.08 (-0.58%)
We assign a fundamental rating of 4 out of 10 to AMP. AMP was compared to 26 industry peers in the Health Care Providers & Services industry. AMP has an excellent profitability rating, but there are concerns on its financial health. AMP is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year AMP was profitable.
- AMP had a positive operating cash flow in the past year.
- Each year in the past 5 years AMP has been profitable.
- In the past 5 years AMP always reported a positive cash flow from operatings.
1.2 Ratios
- AMP has a Return On Assets of 3.01%. This is in the better half of the industry: AMP outperforms 61.54% of its industry peers.
- With a decent Return On Equity value of 11.92%, AMP is doing good in the industry, outperforming 61.54% of the companies in the same industry.
- AMP's Return On Invested Capital of 6.20% is in line compared to the rest of the industry. AMP outperforms 57.69% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AMP is in line with the industry average of 6.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.01% | ||
| ROE | 11.92% | ||
| ROIC | 6.2% |
ROA(3y)4.28%
ROA(5y)4.09%
ROE(3y)14.64%
ROE(5y)14.72%
ROIC(3y)7.8%
ROIC(5y)7.14%
1.3 Margins
- Looking at the Profit Margin, with a value of 4.80%, AMP belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
- In the last couple of years the Profit Margin of AMP has remained more or less at the same level.
- The Operating Margin of AMP (9.57%) is better than 88.46% of its industry peers.
- AMP's Operating Margin has been stable in the last couple of years.
- The Gross Margin of AMP (22.49%) is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of AMP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.57% | ||
| PM (TTM) | 4.8% | ||
| GM | 22.49% |
OM growth 3Y-6.79%
OM growth 5Y-1.1%
PM growth 3Y-9.35%
PM growth 5Y-0.78%
GM growth 3Y4.15%
GM growth 5Y3.26%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AMP is creating some value.
- The number of shares outstanding for AMP remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, AMP has more shares outstanding
- The debt/assets ratio for AMP is higher compared to a year ago.
2.2 Solvency
- AMP has an Altman-Z score of 1.73. This is a bad value and indicates that AMP is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.73, AMP is doing worse than 61.54% of the companies in the same industry.
- The Debt to FCF ratio of AMP is 6.58, which is on the high side as it means it would take AMP, 6.58 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of AMP (6.58) is better than 65.38% of its industry peers.
- AMP has a Debt/Equity ratio of 1.52. This is a high value indicating a heavy dependency on external financing.
- AMP has a Debt to Equity ratio (1.52) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | 6.58 | ||
| Altman-Z | 1.73 |
ROIC/WACC0.94
WACC6.62%
2.3 Liquidity
- AMP has a Current Ratio of 0.62. This is a bad value and indicates that AMP is not financially healthy enough and could expect problems in meeting its short term obligations.
- AMP has a Current ratio of 0.62. This is in the lower half of the industry: AMP underperforms 76.92% of its industry peers.
- AMP has a Quick Ratio of 0.62. This is a bad value and indicates that AMP is not financially healthy enough and could expect problems in meeting its short term obligations.
- AMP has a Quick ratio of 0.54. This is in the lower half of the industry: AMP underperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
- The earnings per share for AMP have decreased strongly by -22.50% in the last year.
- The Earnings Per Share has been decreasing by -0.89% on average over the past years.
- Looking at the last year, AMP shows a small growth in Revenue. The Revenue has grown by 2.05% in the last year.
- Measured over the past years, AMP shows a small growth in Revenue. The Revenue has been growing by 6.82% on average per year.
EPS 1Y (TTM)-22.5%
EPS 3Y-1.47%
EPS 5Y-0.89%
EPS Q2Q%-62.5%
Revenue 1Y (TTM)2.05%
Revenue growth 3Y7.34%
Revenue growth 5Y6.82%
Sales Q2Q%110.53%
3.2 Future
- AMP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.25% yearly.
- Based on estimates for the next years, AMP will show a small growth in Revenue. The Revenue will grow by 4.46% on average per year.
EPS Next Y-5.12%
EPS Next 2Y6.8%
EPS Next 3Y11.71%
EPS Next 5Y14.25%
Revenue Next Year0.45%
Revenue Next 2Y2.52%
Revenue Next 3Y3.74%
Revenue Next 5Y4.46%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 24.97 indicates a rather expensive valuation of AMP.
- 65.38% of the companies in the same industry are cheaper than AMP, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 28.60, AMP is valued at the same level.
- The Price/Forward Earnings ratio is 17.58, which indicates a rather expensive current valuation of AMP.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of AMP indicates a slightly more expensive valuation: AMP is more expensive than 73.08% of the companies listed in the same industry.
- AMP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.97 | ||
| Fwd PE | 17.58 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMP is on the same level as its industry peers.
- AMP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AMP is cheaper than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.41 | ||
| EV/EBITDA | 8.49 |
4.3 Compensation for Growth
- AMP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y6.8%
EPS Next 3Y11.71%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.11%, AMP has a reasonable but not impressive dividend return.
- AMP's Dividend Yield is a higher than the industry average which is at 1.72.
- AMP's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
5.2 History
- The dividend of AMP is nicely growing with an annual growth rate of 16.13%!
Dividend Growth(5Y)16.13%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- AMP pays out 56.48% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The dividend of AMP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.48%
EPS Next 2Y6.8%
EPS Next 3Y11.71%
AMPLIFON SPA / AMP.MI FAQ
What is the ChartMill fundamental rating of AMPLIFON SPA (AMP.MI) stock?
ChartMill assigns a fundamental rating of 4 / 10 to AMP.MI.
What is the valuation status for AMP stock?
ChartMill assigns a valuation rating of 3 / 10 to AMPLIFON SPA (AMP.MI). This can be considered as Overvalued.
What is the profitability of AMP stock?
AMPLIFON SPA (AMP.MI) has a profitability rating of 7 / 10.
What are the PE and PB ratios of AMPLIFON SPA (AMP.MI) stock?
The Price/Earnings (PE) ratio for AMPLIFON SPA (AMP.MI) is 24.97 and the Price/Book (PB) ratio is 3.09.
How financially healthy is AMPLIFON SPA?
The financial health rating of AMPLIFON SPA (AMP.MI) is 2 / 10.