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Compagnie Industriali Riunite

DB:CIR
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIR
DB
€369M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Compagnie Industriali Riunite S.p.A., together with its subsidiaries, operates in the automotive components, media, healthcare, and non-core investment sectors in Italy, other European countries, North America, South America, Asia, and internationally. The last earnings update was 111 days ago. More info.


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CIR Share Price and Events
7 Day Returns
2%
DB:CIR
-0.5%
DE Auto Components
0.2%
DE Market
1 Year Returns
6.2%
DB:CIR
-14%
DE Auto Components
14.4%
DE Market
CIR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Compagnie Industriali Riunite (CIR) 2% 7.6% 18.9% 6.2% -3.6% 5.4%
DE Auto Components -0.5% -2.4% -6.7% -14% -38% -43.3%
DE Market 0.2% 0.9% 4.6% 14.4% 5.6% 6.5%
1 Year Return vs Industry and Market
  • CIR outperformed the Auto Components industry which returned -14% over the past year.
  • CIR underperformed the Market in Germany which returned 14.4% over the past year.
Price Volatility
CIR
Industry
5yr Volatility vs Market

Value

 Is Compagnie Industriali Riunite undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Compagnie Industriali Riunite to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Compagnie Industriali Riunite.

DB:CIR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CIR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.261 (1 + (1- 24%) (363.11%))
3.506
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 8.23%)
16.07%

Discounted Cash Flow Calculation for DB:CIR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Compagnie Industriali Riunite is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CIR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 16.07%)
2020 36.18 Est @ -5.08% 31.17
2021 34.85 Est @ -3.68% 25.87
2022 33.91 Est @ -2.69% 21.69
2023 33.23 Est @ -2% 18.31
2024 32.73 Est @ -1.52% 15.54
2025 32.34 Est @ -1.18% 13.23
2026 32.04 Est @ -0.94% 11.29
2027 31.79 Est @ -0.78% 9.65
2028 31.58 Est @ -0.66% 8.26
2029 31.40 Est @ -0.58% 7.07
Present value of next 10 years cash flows €162.00
DB:CIR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €31.40 × (1 + -0.39%) ÷ (16.07% – -0.39%)
€190.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €190.01 ÷ (1 + 16.07%)10
€42.81
DB:CIR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €162.00 + €42.81
€204.81
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €204.81 / 641.22
€0.32
DB:CIR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CIR represents 1.88608x of BIT:CIR999
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.88608x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.32 x 1.88608
€0.60
Value per share (EUR) From above. €0.60
Current discount Discount to share price of €1.13
= -1 x (€1.13 - €0.60) / €0.60
-86.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Compagnie Industriali Riunite is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Compagnie Industriali Riunite's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Compagnie Industriali Riunite's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CIR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.01
BIT:CIR999 Share Price ** BIT (2020-02-18) in EUR €0.6
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 13.88x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Compagnie Industriali Riunite.

DB:CIR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:CIR999 Share Price ÷ EPS (both in EUR)

= 0.6 ÷ 0.01

100.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Compagnie Industriali Riunite is overvalued based on earnings compared to the DE Auto Components industry average.
  • Compagnie Industriali Riunite is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Compagnie Industriali Riunite's expected growth come at a high price?
Raw Data
DB:CIR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 100.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
82.3%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.92x
Germany Market PEG Ratio Median Figure of 260 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:CIR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 100.07x ÷ 82.3%

1.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Compagnie Industriali Riunite is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Compagnie Industriali Riunite's assets?
Raw Data
DB:CIR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €1.43
BIT:CIR999 Share Price * BIT (2020-02-18) in EUR €0.6
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 1.15x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.88x
DB:CIR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:CIR999 Share Price ÷ Book Value per Share (both in EUR)

= 0.6 ÷ 1.43

0.42x

* Primary Listing of Compagnie Industriali Riunite.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Compagnie Industriali Riunite is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Compagnie Industriali Riunite's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Compagnie Industriali Riunite has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Compagnie Industriali Riunite expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
82.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Compagnie Industriali Riunite expected to grow at an attractive rate?
  • Compagnie Industriali Riunite's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Compagnie Industriali Riunite's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Compagnie Industriali Riunite's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:CIR Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CIR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 82.3%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 45.4%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CIR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CIR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 295 63
2020-12-31 271 45
2020-02-20
2019-12-31 237 15
DB:CIR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 2,768 230 4
2019-06-30 2,775 220 7
2019-03-31 2,798 228 8
2018-12-31 2,817 242 13
2018-09-30 2,786 74 43
2018-06-30 2,794 128 -18
2018-03-31 2,770 132 -19
2017-12-31 2,754 133 -14
2017-09-30 2,702 235 -32
2017-06-30 2,666 241 33
2017-03-31 2,656 203 31
2016-12-31 2,621 218 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Compagnie Industriali Riunite's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Compagnie Industriali Riunite is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CIR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Compagnie Industriali Riunite Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CIR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.04 0.04 0.04 1.00
2020-02-20
2019-12-31 0.02 0.02 0.02 1.00
DB:CIR Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.01
2019-06-30 0.01
2019-03-31 0.01
2018-12-31 0.02
2018-09-30 0.07
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.02
2017-09-30 -0.05
2017-06-30 0.05
2017-03-31 0.05
2016-12-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Compagnie Industriali Riunite will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Compagnie Industriali Riunite's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Compagnie Industriali Riunite has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Compagnie Industriali Riunite performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Compagnie Industriali Riunite's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Compagnie Industriali Riunite's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Compagnie Industriali Riunite's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Compagnie Industriali Riunite's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Compagnie Industriali Riunite's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Compagnie Industriali Riunite Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CIR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,768.36 3.83 788.23
2019-06-30 2,774.82 7.20 788.11
2019-03-31 2,798.00 8.16 789.95
2018-12-31 2,817.43 12.89 787.02
2018-09-30 2,786.28 42.81 761.81
2018-06-30 2,793.91 -18.33 760.05
2018-03-31 2,769.95 -18.92 745.97
2017-12-31 2,754.19 -13.54 732.66
2017-09-30 2,701.82 -31.86 721.04
2017-06-30 2,666.44 32.62 711.24
2017-03-31 2,655.79 30.53 713.06
2016-12-31 2,620.68 31.75 712.36
2016-09-30 2,593.69 38.87 712.95
2016-06-30 2,572.82 30.37 710.47
2016-03-31 2,561.52 32.20 709.94
2015-12-31 2,544.41 32.64 708.46
2015-09-30 2,518.82 14.43 702.50
2015-06-30 2,480.17 14.64 695.20
2015-03-31 2,431.19 11.40 689.26
2014-12-31 2,392.62 -5.13 680.64
2014-09-30 2,370.09 784.83 656.06
2014-06-30 2,375.73 957.26 656.81
2014-03-31 1,750.64 776.92 650.16
2013-12-31 2,403.40 784.93 663.06
2013-09-30 3,166.82 -9.74 696.26
2013-06-30 3,812.03 -196.09 708.71
2013-03-31 4,984.63 -39.15 728.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Compagnie Industriali Riunite has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Compagnie Industriali Riunite used its assets less efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Compagnie Industriali Riunite's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Compagnie Industriali Riunite's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Compagnie Industriali Riunite has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Compagnie Industriali Riunite's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Compagnie Industriali Riunite's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Compagnie Industriali Riunite is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Compagnie Industriali Riunite's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Compagnie Industriali Riunite's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Compagnie Industriali Riunite Company Filings, last reported 4 months ago.

DB:CIR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,414.54 845.61 533.08
2019-06-30 1,402.30 825.16 511.70
2019-03-31 1,456.25 888.94 559.33
2018-12-31 1,448.88 799.16 546.42
2018-09-30 1,483.09 856.23 488.96
2018-06-30 1,474.24 792.88 535.62
2018-03-31 1,493.30 821.20 529.43
2017-12-31 1,481.23 757.22 543.66
2017-09-30 1,461.70 775.48 631.66
2017-06-30 1,595.24 662.57 584.20
2017-03-31 1,539.14 769.49 597.29
2016-12-31 1,518.48 687.03 619.74
2016-09-30 1,514.15 793.68 607.72
2016-06-30 1,476.62 718.63 375.05
2016-03-31 1,591.31 825.82 687.41
2015-12-31 1,590.29 735.27 683.07
2015-09-30 1,591.63 810.26 575.88
2015-06-30 1,611.78 712.32 490.14
2015-03-31 1,613.56 798.63 609.34
2014-12-31 1,573.20 678.82 636.07
2014-09-30 1,626.14 1,191.33 969.97
2014-06-30 1,613.84 1,077.62 1,066.30
2014-03-31 1,604.63 3,067.35 1,122.65
2013-12-31 1,602.35 2,884.21 1,221.15
2013-09-30 2,031.18 3,108.28 1,241.76
2013-06-30 1,997.21 3,546.96 1,313.82
2013-03-31 2,341.93 3,732.30 1,285.83
  • Compagnie Industriali Riunite's level of debt (59.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (68.3% vs 59.8% today).
  • Debt is well covered by operating cash flow (27.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Compagnie Industriali Riunite's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Compagnie Industriali Riunite has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Compagnie Industriali Riunite's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.53%
Current annual income from Compagnie Industriali Riunite dividends. Estimated to be 7.37% next year.
If you bought €2,000 of Compagnie Industriali Riunite shares you are expected to receive €131 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Compagnie Industriali Riunite's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.32%).
  • Compagnie Industriali Riunite's dividend is above the markets top 25% of dividend payers in Germany (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CIR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CIR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.04 1.00
2020-02-20
2019-12-31 0.04 1.00
DB:CIR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.039 3.921
2018-03-12 0.038 3.765
2017-04-05 0.038 3.044
2017-03-13 0.038 2.822
2016-03-14 0.044 4.344
2013-10-28 0.000 0.000
2013-07-29 0.000 0.000
2013-04-29 0.000 0.000
2013-03-11 0.000 0.000
2012-07-30 0.025 2.910
2012-03-12 0.025 2.790
2011-04-29 0.025 1.779
2010-04-30 0.000 0.000
2009-11-12 0.000 0.000
2009-09-30 0.000 0.000
2009-08-28 0.000 0.000
2009-07-31 0.000 0.000
2009-05-15 0.000 0.000
2009-03-09 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Compagnie Industriali Riunite has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Compagnie Industriali Riunite only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Compagnie Industriali Riunite's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Compagnie Industriali Riunite's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Compagnie Industriali Riunite afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Compagnie Industriali Riunite has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Compagnie Industriali Riunite's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Monica Mondardini
COMPENSATION €1,962,593
AGE 59
TENURE AS CEO 6.8 years
CEO Bio

Ms. Monica Mondardini serves as Chief Executive Officer and Director of COFIDE - Gruppo De Benedetti S.p.A. since 2020. Ms. Mondardini has been Non-Executive Director of GEDI Gruppo Editoriale S.p.A. since September 16, 2008 and has been its Deputy Chairman since May 2018. Ms. Mondardini served as the Chief Executive Officer of GEDI Gruppo Editoriale S.p.A. from January 1, 2009 to April 2018 and served as its Managing Director from September 16, 2008 to April 2018 and also served as its General Manager until April 2018. Ms. Mondardini has been an Executive Director of Compagnie Industriali Riunite S.p.A. since June 30, 2014. She has been the Chief Executive Officer at Compagnie Industriali Riunite S.p.A. since April 2013 and serves as its General Manager. She served as a Director General of Gruppo Editoriale L' Espresso SpA since January 1, 2009. Her first professional experience was in publishing, first with the Fabbri group, then with Hachette, where served as Director of the "High-quality illustrated books" division based in Paris. In 1998, she joined the Generali group as Managing Director of Europ Assistance in Paris. She has been the Chairman at Sogefi SpA since June 17, 2015. She served as Chairperson of the Board of Directors at Aeroporti di Roma SpA since April 20, 2016. She served as an Executive Vice Chairman at Sogefi SpA since October 2014 until June 17, 2015. Ms. Mondardini joined the headquarters of the Generali group and was responsible for the Planning and Control department. Since 2001, she served as Managing Director of Generali Espana. She serves as a Director of Sogefi SpA. She has been an Independent Director at Credit Agricole S.A. and served as its Director since May 18, 2010. She served as Lead Independent Director of Trevi - Finanziaria Industriale S.p.A. from January 15, 2015 to December 20, 2018 and served as its Non-Executive & Independent Director until December 20, 2018. She was an Independent Non-Executive Director of Atlantia S.p.A. since January 20, 2012 until February 19, 2019. She serves as a Director at KOS S.p.A. She served as a Director of SCOR SE from April 28, 2010 to April 25, 2013. Ms. Mondardini holds a Degree in Economic and Statistical Sciences from the University of Bologna.

CEO Compensation
  • Monica's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Monica's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Compagnie Industriali Riunite management team in years:

6.8
Average Tenure
  • The average tenure for the Compagnie Industriali Riunite management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Monica Mondardini

TITLE
CEO, GM & Executive Director
COMPENSATION
€2M
AGE
59
TENURE
6.8 yrs

Michele Cavigioli

TITLE
Finance Director
TENURE
9.4 yrs

Giuseppe Gianoglio

TITLE
Chief Administration Officer
TENURE
6.8 yrs

Massimo Segre

TITLE
Secretary to the Board
COMPENSATION
€7K
Board of Directors Tenure

Average tenure and age of the Compagnie Industriali Riunite board of directors in years:

5.7
Average Tenure
63.5
Average Age
  • The tenure for the Compagnie Industriali Riunite board of directors is about average.
Board of Directors

Rodolfo De Benedetti

TITLE
Chairman of the Board
COMPENSATION
€2M
AGE
58
TENURE
6.8 yrs

Monica Mondardini

TITLE
CEO, GM & Executive Director
COMPENSATION
€2M
AGE
59
TENURE
5.7 yrs

Carlo De Benedetti

TITLE
Honorary Chairman
COMPENSATION
€60K
AGE
85
TENURE
5.7 yrs

Pietro Manzonetto

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€75K
AGE
75

Guido Tabellini

TITLE
Lead Independent Director
COMPENSATION
€31K
AGE
63

Claudio Recchi

TITLE
Independent Director
COMPENSATION
€32K
AGE
64

Franco Debenedetti

TITLE
Non Executive Director
COMPENSATION
€20K
AGE
86

Maristella Botticini

TITLE
Independent Director
COMPENSATION
€36K

Silvia Giannini

TITLE
Independent Director
COMPENSATION
€35K

Edoardo De Benedetti

TITLE
Non Executive Director
COMPENSATION
€20K
AGE
55
TENURE
5.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Sep 19 Buy Rodolfo, Marco ed Edoardo De Benedetti S.a.p.a. Company 13. Sep 19 13. Sep 19 1,171,050 €0.95 €1,112,498
X
Management checks
We assess Compagnie Industriali Riunite's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Compagnie Industriali Riunite has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Compagnie Industriali Riunite S.p.A., together with its subsidiaries, operates in the automotive components, media, healthcare, and non-core investment sectors in Italy, other European countries, North America, South America, Asia, and internationally. It produces suspensions, such as coil, leaf, FRP coil, and precision springs, as well as stabilizer bars; oil, air, and diesel fuel filtration systems; petrol fuel filters; cam covers and oil separators; and air and cooling systems consisting of intake manifold and air induction systems, charged air ductings, thermostat housings and ducts, and coolant pumps modules. The company also publishes la Repubblica, La Stampa, and Il Secolo XIX national daily newspapers, as well as 14 local daily newspapers; L'Espresso weekly magazine and other magazines; broadcasts 3 national radio stations; operates in the Internet sector; and collects advertising for third-party publications. In addition, it operates nursing homes for the elderly under the Anni Azzurri brand; functional rehabilitation units under the Santo Stefano name; and psychiatric rehabilitation units under the Neomesia brand. Further, the company provides medical services, such as diagnostic imagining, nuclear medicine, and radio therapy under the Medipass brand; and manages the Fratelli Montecchi hospital, as well as 86 facilities in central and northern Italy with a total of 8,157 beds. Additionally, it is involved in non-core investments in private equity funds. The company was founded in 1976 and is headquartered in Milan, Italy. Compagnie Industriali Riunite S.p.A. is a subsidiary of COFIDE - Gruppo De Benedetti S.p.A.

Details
Name: Compagnie Industriali Riunite S.p.A.
CIR
Exchange: DB
Founded: 1976
€369,344,412
641,222,938
Website: http://www.cirgroup.it
Address: Compagnie Industriali Riunite S.p.A.
Via Ciovassino, 1,
Milan,
Milan, 20121,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT CIR999 Ordinary Shares Borsa Italiana IT EUR 24. Oct 1990
DB CIR Ordinary Shares Deutsche Boerse AG DE EUR 24. Oct 1990
LSE 0MHA Ordinary Shares London Stock Exchange GB EUR 24. Oct 1990
BATS-CHIXE CIRM Ordinary Shares BATS 'Chi-X Europe' GB EUR 24. Oct 1990
Number of employees
Current staff
Staff numbers
16,365
Compagnie Industriali Riunite employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 21:02
End of day share price update: 2020/02/18 00:00
Last estimates confirmation: 2020/02/19
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.