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Emak

DB:EK4
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EK4
DB
€146M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Emak S.p.A., together with its subsidiaries, develops, manufactures, and markets various products in the outdoor power equipment, pumps and high pressure water jetting, and components and accessories business areas. The last earnings update was 97 days ago. More info.


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EK4 Share Price and Events
7 Day Returns
3.6%
DB:EK4
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-33.2%
DB:EK4
2.9%
DE Consumer Durables
8.8%
DE Market
EK4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Emak (EK4) 3.6% 11.7% 15.4% -33.2% - -
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • EK4 underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • EK4 underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
EK4
Industry
5yr Volatility vs Market

EK4 Value

 Is Emak 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 Emak 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 Emak.

DB:EK4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € 0.045
Payout Ratio Company Filings (2019-06-30) 3119.2%
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:EK4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 24%) (144.02%))
1.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.039 * 9.02%)
9.6%

Discounted Cash Flow Calculation for DB:EK4 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Emak is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:EK4 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.05 / (9.6% - 0.23%)
€0.53
DB:EK4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EK4 represents 1.04804x of BIT:EM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.04804x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.48 x 1.04804
€0.50
Value per share (EUR) From above. €0.50
Current discount Discount to share price of €0.94
= -1 x (€0.94 - €0.50) / €0.50
-86.5%

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

  • The current share price of Emak 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 Emak's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Emak's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EK4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.08
BIT:EM Share Price ** BIT (2019-11-14) in EUR €0.9
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of Emak.

DB:EK4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.9 ÷ 0.08

10.56x

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

  • Emak is good value based on earnings compared to the DE Consumer Durables industry average.
  • Emak is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Emak's expected growth come at a high price?
Raw Data
DB:EK4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Emak, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Emak's assets?
Raw Data
DB:EK4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €1.27
BIT:EM Share Price * BIT (2019-11-14) in EUR €0.9
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:EK4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.9 ÷ 1.27

0.71x

* Primary Listing of Emak.

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

  • Emak is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Emak'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Emak has a total score of 3/6, 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.

EK4 Future Performance

 How is Emak 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
27%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Emak expected to grow at an attractive rate?
  • Emak's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Emak's earnings growth is expected to exceed the Germany market average.
  • Emak's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EK4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EK4 Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 27%
DB:EK4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.4%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:EK4 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:EK4 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 461 1
2019-12-31 450 1
2019-11-14
DB:EK4 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 429 23 14
2019-03-31 444 20
2018-12-31 453 25 25
2018-09-30 455 24
2018-06-30 455 26 22
2018-03-31 434 18
2017-12-31 422 27 16
2017-09-30 404 17
2017-06-30 396 41 18
2017-03-31 397 19
2016-12-31 392 44 18
2016-09-30 389 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Emak's earnings are expected to grow significantly at over 20% yearly.
  • Emak's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
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:EK4 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 Emak Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EK4 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.14 0.14 0.14 1.00
2019-12-31 0.12 0.12 0.12 1.00
2019-11-14
DB:EK4 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.08
2019-03-31 0.12
2018-12-31 0.16
2018-09-30 0.14
2018-06-30 0.14
2018-03-31 0.11
2017-12-31 0.10
2017-09-30 0.10
2017-06-30 0.11
2017-03-31 0.12
2016-12-31 0.11
2016-09-30 0.11

*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 Emak will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Emak'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.
Emak 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.

EK4 Past Performance

  How has Emak 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 Emak's growth in the last year to its industry (Consumer Durables).
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.
  • Emak's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Emak's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Emak's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
Emak'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 Emak Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EK4 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 429.41 13.86 87.28
2019-03-31 444.02 20.27 89.89
2018-12-31 452.83 25.40 90.52
2018-09-30 455.10 23.80 101.30
2018-06-30 454.54 22.15 95.86
2018-03-31 434.12 18.16 93.77
2017-12-31 422.16 16.17 91.75
2017-09-30 404.34 16.63 87.02
2017-06-30 396.00 17.87 84.22
2017-03-31 396.81 19.41 84.38
2016-12-31 391.88 17.60 83.96
2016-09-30 389.16 17.57 83.22
2016-06-30 383.76 13.11 83.34
2016-03-31 386.01 9.21 82.28
2015-12-31 381.58 8.85 81.12
2015-09-30 372.77 3.77 80.86
2015-06-30 370.06 8.92 79.29
2015-03-31 358.77 11.31 77.20
2014-12-31 354.76 10.47 76.38
2014-09-30 360.69 12.78 74.28
2014-06-30 359.02 10.51 74.52
2014-03-31 358.21 9.99 73.89
2013-12-31 355.03 10.33 72.92
2013-09-30 350.85 11.92 72.45
2013-06-30 351.38 11.96 72.01
2013-03-31 350.99 10.98 71.47
2012-12-31 354.78 8.42 71.39

*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.
  • Emak has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Emak used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Emak's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Emak'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 Consumer Durables 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.
Emak has a total score of 1/6, 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.

EK4 Health

 How is Emak'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 Emak's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Emak is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Emak's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Emak'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 1.9x 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 Emak Company Filings, last reported 4 months ago.

DB:EK4 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 208.94 178.02 38.88
2019-03-31 214.10 188.66 48.16
2018-12-31 205.82 183.33 63.12
2018-09-30 202.21 193.86 74.86
2018-06-30 202.76 197.07 69.62
2018-03-31 197.90 192.19 51.54
2017-12-31 187.51 174.41 47.71
2017-09-30 187.24 177.55 55.80
2017-06-30 188.56 135.74 40.43
2017-03-31 191.12 132.04 21.95
2016-12-31 181.67 123.27 33.01
2016-09-30 178.84 136.90 39.62
2016-06-30 178.54 153.88 38.13
2016-03-31 173.87 156.01 22.71
2015-12-31 168.49 150.25 42.97
2015-09-30 167.36 145.66 32.55
2015-06-30 172.03 149.26 16.42
2015-03-31 172.30 133.72 25.56
2014-12-31 160.10 92.46 13.26
2014-09-30 163.67 96.31 12.25
2014-06-30 159.25 107.29 10.69
2014-03-31 156.21 114.48 9.78
2013-12-31 150.79 93.08 15.14
2013-09-30 153.15 104.36 18.54
2013-06-30 154.68 116.62 21.19
2013-03-31 152.20 121.38 10.92
2012-12-31 145.04 115.80 16.23
  • Emak's level of debt (85.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.3% vs 85.2% today).
  • Debt is not well covered by operating cash flow (13%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.9x coverage).
X
Financial health checks
We assess Emak'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. Emak 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.

EK4 Dividends

 What is Emak'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
5.03%
Current annual income from Emak dividends. Estimated to be 5.03% next year.
If you bought €2,000 of Emak shares you are expected to receive €101 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?
  • Emak's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Emak's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
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:EK4 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 Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:EK4 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.05 1.00
2019-12-31 0.05 1.00
2019-11-14
DB:EK4 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.045 4.551
2019-03-14 0.045 3.433
2018-04-03 0.035 2.709
2018-03-16 0.035 2.462
2017-03-31 0.035 2.181
2017-03-16 0.035 2.431
2016-03-29 0.025 3.110
2016-03-11 0.025 3.215
2015-03-13 0.025 3.044
2014-03-14 0.025 3.021
2013-03-15 0.020 2.739
2012-03-30 0.025 4.560
2012-03-15 0.025 4.417
2011-04-26 0.160 13.864
2010-03-16 0.150 3.534
2009-03-17 0.150 4.341
2009-03-16 0.150 4.727

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Emak's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x 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 Emak'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 Emak afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Emak has a total score of 3/6, see the detailed checks below.


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

EK4 Management

 What is the CEO of Emak'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
Fausto Bellamico
COMPENSATION €783,000
CEO Bio

Mr. Fausto Bellamico serves as the Chief Executive Officer and Chairman of the Board of EMAK Spa. Mr. Bellamico served as a General Manager of Emak SpA.

CEO Compensation
  • Fausto's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Fausto's remuneration is lower than average for companies of similar size in Germany.
Management Team

Fausto Bellamico

TITLE
Chairman & CEO
COMPENSATION
€783K

Aimone Burani

TITLE
Deputy Chairman
COMPENSATION
€616K

Luigi Bartoli

TITLE
Executive Director
COMPENSATION
€5K
TENURE
0.8 yrs

Stefano Slanzi

TITLE
GM & Executive Director
COMPENSATION
€298K
Board of Directors

Aimone Burani

TITLE
Deputy Chairman
COMPENSATION
€616K

Luigi Bartoli

TITLE
Executive Director
COMPENSATION
€5K

Stefano Slanzi

TITLE
GM & Executive Director
COMPENSATION
€298K

Paolo Caselli

TITLE
Chairman of Board of Statutory Auditors
COMPENSATION
€28K
AGE
53

Fausto Bellamico

TITLE
Chairman & CEO
COMPENSATION
€783K

Massimo Livatino

TITLE
Lead Independent Director
COMPENSATION
€16K

Vilmo Spaggiari

TITLE
Non Executive Director
COMPENSATION
€5K

Guerrino Zambelli

TITLE
Non Executive Director
COMPENSATION
€5K

Ariello Bartoli

TITLE
Director
COMPENSATION
€5K

Giuliano Ferrari

TITLE
Director
COMPENSATION
€5K
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 (€)
X
Management checks
We assess Emak'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. Emak 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.

EK4 News

Simply Wall St News

EK4 Company Info

Description

Emak S.p.A., together with its subsidiaries, develops, manufactures, and markets various products in the outdoor power equipment, pumps and high pressure water jetting, and components and accessories business areas. The company offers brush cutters, lawnmowers, garden tractors, chainsaws, tillers, motor hoes, and walking tractors for gardening, forestry, and small agricultural equipment under the Oleo-Mac, Efco, Bertolini, Nibbi, and Staub brands. It also provides centrifugal and diaphragm pumps for agriculture; piston pumps for the industrial sector; professional and semi-professional high-pressure washers, floor washing drying machines, and vacuum cleaners; and hydrodynamic units and urban cleaning machines under the Comet, HPP, Lemasa, PTC Waterjetting Equipment, PTC Urban Cleaning Equipment, and Lavor brands. In addition, the company offers lines and heads for brush-cutters; chainsaw accessories; pistols, valves, and nozzles for pressure cleaners and agricultural applications; precision farming sensors and computers; and seats and technical parts for tractors under the Tecomec, Geoline, Geoline Electronic, Mecline, Sabart, and Raico brands, as well as other third party brands. It serves customers through specialized dealers; and contractors directly, as well as through a network of distributors. The company has operations in Italy, rest of Europe, the Americas, Asia, Africa, and Oceania. Emak S.p.A. was founded in 1972 and is headquartered in Bagnolo in Piano, Italy. Emak S.p.A. is a subsidiary of Yama S.p.A.

Details
Name: Emak S.p.A.
EK4
Exchange: DB
Founded: 1972
€146,366,153
163,537,602
Website: http://www.emak.it
Address: Emak S.p.A.
Via Fermi, 4,
Bagnolo in Piano,
Reggio Emilia, 42011,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT EM Ordinary Shares Borsa Italiana IT EUR 25. Jun 1998
DB EK4 Ordinary Shares Deutsche Boerse AG DE EUR 25. Jun 1998
LSE 0N9O Ordinary Shares London Stock Exchange GB EUR 25. Jun 1998
BATS-CHIXE EMM Ordinary Shares BATS 'Chi-X Europe' GB EUR 25. Jun 1998
Number of employees
Current staff
Staff numbers
2,033
Emak employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:36
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/08/12
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
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.