ITALMOBILIARE SPA (ITM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ITM - IT0005253205 - Common Stock
28.15 EUR
0 (0%)
Overall ITM gets a fundamental rating of 4 out of 10. We evaluated ITM against 18 industry peers in the Industrial Conglomerates industry. ITM has an average financial health and profitability rating. ITM is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year ITM was profitable.
- In the past year ITM has reported a negative cash flow from operations.
- ITM had positive earnings in each of the past 5 years.
- ITM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- ITM's Return On Assets of 1.38% is on the low side compared to the rest of the industry. ITM is outperformed by 61.11% of its industry peers.
- Looking at the Return On Equity, with a value of 2.30%, ITM is doing worse than 66.67% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 4.28%, ITM is in line with its industry, outperforming 44.44% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for ITM is below the industry average of 7.16%.
- The last Return On Invested Capital (4.28%) for ITM is above the 3 year average (3.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.38% | ||
| ROE | 2.3% | ||
| ROIC | 4.28% |
ROA(3y)2.62%
ROA(5y)3.67%
ROE(3y)4.08%
ROE(5y)5.39%
ROIC(3y)3.99%
ROIC(5y)4.87%
1.3 Margins
- ITM has a Profit Margin of 4.58%. This is in the lower half of the industry: ITM underperforms 61.11% of its industry peers.
- ITM's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 13.63%, ITM is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- ITM's Operating Margin has declined in the last couple of years.
- ITM has a better Gross Margin (59.86%) than 83.33% of its industry peers.
- ITM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.63% | ||
| PM (TTM) | 4.58% | ||
| GM | 59.86% |
OM growth 3Y-17.16%
OM growth 5Y-1.93%
PM growth 3Y-22.22%
PM growth 5Y3.53%
GM growth 3Y-3.59%
GM growth 5Y1.91%
2. Health
2.1 Basic Checks
- ITM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, ITM has about the same amount of shares outstanding.
- Compared to 5 years ago, ITM has more shares outstanding
- ITM has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.08 indicates that ITM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- ITM's Altman-Z score of 2.08 is fine compared to the rest of the industry. ITM outperforms 61.11% of its industry peers.
- A Debt/Equity ratio of 0.15 indicates that ITM is not too dependend on debt financing.
- ITM has a better Debt to Equity ratio (0.15) than 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.08 |
ROIC/WACC0.59
WACC7.21%
2.3 Liquidity
- A Current Ratio of 1.58 indicates that ITM should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.58, ITM is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
- ITM has a Quick Ratio of 1.34. This is a normal value and indicates that ITM is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of ITM (1.34) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
- ITM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -71.54%.
- ITM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.90% yearly.
- The Revenue has grown by 13.92% in the past year. This is quite good.
- The Revenue has been growing slightly by 4.39% on average over the past years.
EPS 1Y (TTM)-71.54%
EPS 3Y-12.45%
EPS 5Y7.9%
EPS Q2Q%-121.47%
Revenue 1Y (TTM)13.92%
Revenue growth 3Y12.52%
Revenue growth 5Y4.39%
Sales Q2Q%7.65%
3.2 Future
- Based on estimates for the next years, ITM will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.35% on average per year.
- The Revenue is expected to grow by 10.14% on average over the next years. This is quite good.
EPS Next Y1.81%
EPS Next 2Y5.61%
EPS Next 3Y9.83%
EPS Next 5Y10.35%
Revenue Next Year15.29%
Revenue Next 2Y11.77%
Revenue Next 3Y10.14%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 35.63, which means the current valuation is very expensive for ITM.
- Compared to the rest of the industry, the Price/Earnings ratio of ITM indicates a slightly more expensive valuation: ITM is more expensive than 66.67% of the companies listed in the same industry.
- ITM is valuated rather expensively when we compare the Price/Earnings ratio to 28.39, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 11.31, which indicates a very decent valuation of ITM.
- Based on the Price/Forward Earnings ratio, ITM is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
- ITM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.63 | ||
| Fwd PE | 11.31 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ITM is valued a bit cheaper than the industry average as 72.22% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.81 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)19.69
PEG (5Y)4.51
EPS Next 2Y5.61%
EPS Next 3Y9.83%
5. Dividend
5.1 Amount
- ITM has a Yearly Dividend Yield of 3.09%.
- Compared to an average industry Dividend Yield of 2.95, ITM pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, ITM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
5.2 History
- The dividend of ITM is nicely growing with an annual growth rate of 40.97%!
Dividend Growth(5Y)40.97%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 117.74% of the earnings are spent on dividend by ITM. This is not a sustainable payout ratio.
- The dividend of ITM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP117.74%
EPS Next 2Y5.61%
EPS Next 3Y9.83%
ITALMOBILIARE SPA / ITM.MI FAQ
What is the ChartMill fundamental rating of ITALMOBILIARE SPA (ITM.MI) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ITM.MI.
Can you provide the valuation status for ITALMOBILIARE SPA?
ChartMill assigns a valuation rating of 3 / 10 to ITALMOBILIARE SPA (ITM.MI). This can be considered as Overvalued.
How profitable is ITALMOBILIARE SPA (ITM.MI) stock?
ITALMOBILIARE SPA (ITM.MI) has a profitability rating of 5 / 10.
What is the valuation of ITALMOBILIARE SPA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ITALMOBILIARE SPA (ITM.MI) is 35.63 and the Price/Book (PB) ratio is 0.83.
How financially healthy is ITALMOBILIARE SPA?
The financial health rating of ITALMOBILIARE SPA (ITM.MI) is 4 / 10.