AMPLIFON SPA (AMP.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:AMP - IT0004056880 - Common Stock
13.31 EUR
-0.12 (-0.86%)
Overall AMP gets a fundamental rating of 4 out of 10. We evaluated AMP against 26 industry peers in the Health Care Providers & Services industry. While AMP has a great profitability rating, there are quite some concerns on its financial health. AMP does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- AMP had positive earnings in the past year.
- In the past year AMP had a positive cash flow from operations.
- In the past 5 years AMP has always been profitable.
- Each year in the past 5 years AMP had a positive operating cash flow.
1.2 Ratios
- AMP has a better Return On Assets (3.01%) than 61.54% of its industry peers.
- AMP has a Return On Equity of 11.92%. This is in the better half of the industry: AMP outperforms 61.54% of its industry peers.
- With a Return On Invested Capital value of 6.20%, AMP perfoms like the industry average, outperforming 57.69% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital 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
- With an excellent Profit Margin value of 4.80%, AMP belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
- AMP's Profit Margin has been stable in the last couple of years.
- Looking at the Operating Margin, with a value of 9.57%, AMP belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
- In the last couple of years the Operating Margin of AMP has remained more or less at the same level.
- 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.
- Compared to 1 year ago, AMP has about the same amount of shares outstanding.
- AMP has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for AMP is higher compared to a year ago.
2.2 Solvency
- AMP has an Altman-Z score of 1.74. 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 1.74, 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.
- With a decent Debt to FCF ratio value of 6.58, AMP is doing good in the industry, outperforming 65.38% of the companies in the same industry.
- A Debt/Equity ratio of 1.52 is on the high side and indicates that AMP has dependencies on debt 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 | 1.74 |
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's Quick ratio of 0.54 is on the low side compared to the rest of the industry. AMP is outperformed by 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.
- The Revenue has been growing slightly by 2.05% in the past 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
- Based on estimates for the next years, AMP will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.25% on average per year.
- AMP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.46% yearly.
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- AMP is valuated quite expensively with a Price/Earnings ratio of 25.11.
- 69.23% of the companies in the same industry are cheaper than AMP, based on the Price/Earnings ratio.
- AMP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.82.
- Based on the Price/Forward Earnings ratio of 17.68, the valuation of AMP can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, AMP is valued a bit more expensive than 69.23% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.95. AMP is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.11 | ||
| Fwd PE | 17.68 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMP.
- Based on the Price/Free Cash Flow ratio, AMP is valued a bit cheaper than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.48 | ||
| EV/EBITDA | 8.54 |
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
- AMP has a Yearly Dividend Yield of 2.11%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.72, AMP pays a bit more dividend than its industry peers.
- 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.
- AMP's earnings are growing slower than its dividend. 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 2 / 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 6 / 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 25.11 and the Price/Book (PB) ratio is 3.11.
How financially healthy is AMPLIFON SPA?
The financial health rating of AMPLIFON SPA (AMP.MI) is 2 / 10.