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CALTAGIRONE EDITORE (CED.MI) Stock Fundamental Analysis

BIT:CED - Euronext Milan - IT0001472171 - Common Stock - Currency: EUR

1.7  +0.1 (+6.58%)

Fundamental Rating

3

Overall CED gets a fundamental rating of 3 out of 10. We evaluated CED against 65 industry peers in the Media industry. CED has an average financial health and profitability rating. CED does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year CED was profitable.
CED had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CED reported negative net income in multiple years.
Each year in the past 5 years CED had a positive operating cash flow.
CED.MI Yearly Net Income VS EBIT VS OCF VS FCFCED.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M -40M -60M

1.2 Ratios

CED has a Return On Assets (2.66%) which is comparable to the rest of the industry.
The Return On Equity of CED (3.21%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 2.66%
ROE 3.21%
ROIC N/A
ROA(3y)3.37%
ROA(5y)-1.08%
ROE(3y)4.22%
ROE(5y)-1.58%
ROIC(3y)N/A
ROIC(5y)N/A
CED.MI Yearly ROA, ROE, ROICCED.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10

1.3 Margins

CED's Profit Margin of 14.89% is amongst the best of the industry. CED outperforms 91.04% of its industry peers.
CED has a Gross Margin of 90.61%. This is amongst the best in the industry. CED outperforms 86.57% of its industry peers.
CED's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 14.89%
GM 90.62%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.29%
GM growth 5Y-0.32%
CED.MI Yearly Profit, Operating, Gross MarginsCED.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60 80

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5

2. Health

2.1 Basic Checks

CED does not have a ROIC to compare to the WACC, probably because it is not profitable.
CED has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for CED remains at a similar level compared to 5 years ago.
The debt/assets ratio for CED has been reduced compared to a year ago.
CED.MI Yearly Shares OutstandingCED.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
CED.MI Yearly Total Debt VS Total AssetsCED.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

An Altman-Z score of 2.39 indicates that CED is not a great score, but indicates only limited risk for bankruptcy at the moment.
CED's Altman-Z score of 2.39 is amongst the best of the industry. CED outperforms 83.58% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that CED is not too dependend on debt financing.
CED's Debt to Equity ratio of 0.04 is amongst the best of the industry. CED outperforms 94.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z 2.39
ROIC/WACCN/A
WACC7.78%
CED.MI Yearly LT Debt VS Equity VS FCFCED.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M 500M

2.3 Liquidity

CED has a Current Ratio of 1.48. This is a normal value and indicates that CED is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.48, CED is in the better half of the industry, outperforming 77.61% of the companies in the same industry.
A Quick Ratio of 1.45 indicates that CED should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.45, CED belongs to the best of the industry, outperforming 82.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.45
CED.MI Yearly Current Assets VS Current LiabilitesCED.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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1

3. Growth

3.1 Past

CED shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 94.85%, which is quite impressive.
The Revenue has decreased by -4.04% in the past year.
CED shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.97% yearly.
EPS 1Y (TTM)94.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-5.21%
Revenue 1Y (TTM)-4.04%
Revenue growth 3Y-2.26%
Revenue growth 5Y-4.97%
Sales Q2Q%-5.47%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
CED.MI Yearly Revenue VS EstimatesCED.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
CED.MI Yearly EPS VS EstimatesCED.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 11.33, the valuation of CED can be described as very reasonable.
Based on the Price/Earnings ratio, CED is valued a bit cheaper than the industry average as 64.18% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of CED to the average of the S&P500 Index (29.35), we can say CED is valued rather cheaply.
Industry RankSector Rank
PE 11.33
Fwd PE N/A
CED.MI Price Earnings VS Forward Price EarningsCED.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CED is valued a bit more expensive than 74.63% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 62.69
CED.MI Per share dataCED.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

CED has a Yearly Dividend Yield of 2.37%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.64, CED has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, CED has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.37%

5.2 History

The dividend of CED decreases each year by -9.71%.
Dividend Growth(5Y)-9.71%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

CED pays out 27.13% of its income as dividend. This is a sustainable payout ratio.
DP27.13%
EPS Next 2YN/A
EPS Next 3YN/A
CED.MI Yearly Income VS Free CF VS DividendCED.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M -40M -60M
CED.MI Dividend Payout.CED.MI Dividend Payout, showing the Payout Ratio.CED.MI Dividend Payout.PayoutRetained Earnings

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CALTAGIRONE EDITORE

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

1.7

+0.1 (+6.58%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners2.32%
Inst Owner ChangeN/A
Ins Owners60.76%
Ins Owner ChangeN/A
Market Cap212.50M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.37%
Yearly Dividend0.03
Dividend Growth(5Y)-9.71%
DP27.13%
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 11.33
Fwd PE N/A
P/S 2.01
P/FCF N/A
P/OCF N/A
P/B 0.43
P/tB 0.53
EV/EBITDA 62.69
EPS(TTM)0.15
EY8.82%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)-0.06
OCFYN/A
SpS0.85
BVpS3.93
TBVpS3.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.66%
ROE 3.21%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 14.89%
GM 90.62%
FCFM N/A
ROA(3y)3.37%
ROA(5y)-1.08%
ROE(3y)4.22%
ROE(5y)-1.58%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.29%
GM growth 5Y-0.32%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA 8.9
Cap/Depr 9.49%
Cap/Sales 0.59%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.48
Quick Ratio 1.45
Altman-Z 2.39
F-Score5
WACC7.78%
ROIC/WACCN/A
Cap/Depr(3y)7.04%
Cap/Depr(5y)13.39%
Cap/Sales(3y)0.41%
Cap/Sales(5y)0.71%
Profit Quality(3y)32.57%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)94.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-5.21%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-4.04%
Revenue growth 3Y-2.26%
Revenue growth 5Y-4.97%
Sales Q2Q%-5.47%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-535.99%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-133.36%
FCF growth 3Y-52.43%
FCF growth 5Y-31.17%
OCF growth 1Y-130.31%
OCF growth 3Y-44.47%
OCF growth 5Y-24.72%