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Panariagroup Industrie Ceramiche

BATS-CHIXE:PANM
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PANM
BATS-CHIXE
€32M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Panariagroup Industrie Ceramiche S.p.A. produces and sells ceramic tiles for floors and wall coverings in Italy and internationally. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Panariagroup Industrie Ceramiche has significant price volatility in the past 3 months.
PANM Share Price and Events
7 Day Returns
-17%
BATS-CHIXE:PANM
-1.6%
GB Building
0.1%
GB Market
1 Year Returns
-52.7%
BATS-CHIXE:PANM
-10.8%
GB Building
-23.6%
GB Market
PANM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Panariagroup Industrie Ceramiche (PANM) -17% -35.7% -52.4% -52.7% -87% -71.5%
GB Building -1.6% -19.3% -26.3% -10.8% -22.8% -0.7%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • PANM underperformed the Building industry which returned -10.8% over the past year.
  • PANM underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
PANM
Industry
5yr Volatility vs Market

Value

 Is Panariagroup Industrie Ceramiche 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 Panariagroup Industrie Ceramiche 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 Panariagroup Industrie Ceramiche.

BATS-CHIXE:PANM 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 17%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:PANM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 8.2%
Building Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.081 (1 + (1- 24%) (689.47%))
4.85
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)
= 0.53% + (2 * 8.23%)
16.99%

Discounted Cash Flow Calculation for BATS-CHIXE:PANM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Panariagroup Industrie Ceramiche 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.

BATS-CHIXE:PANM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 16.99%)
2020 -5.40 Analyst x1 -4.62
2021 9.10 Analyst x1 6.65
2022 12.63 Est @ 38.8% 7.89
2023 16.08 Est @ 27.32% 8.59
2024 19.18 Est @ 19.28% 8.75
2025 21.80 Est @ 13.66% 8.50
2026 23.92 Est @ 9.72% 7.98
2027 25.59 Est @ 6.96% 7.29
2028 26.88 Est @ 5.03% 6.55
2029 27.87 Est @ 3.68% 5.80
Present value of next 10 years cash flows €63.00
BATS-CHIXE:PANM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €27.87 × (1 + 0.53%) ÷ (16.99% – 0.53%)
€170.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €170.19 ÷ (1 + 16.99%)10
€35.44
BATS-CHIXE:PANM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €63.00 + €35.44
€98.44
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €98.44 / 44.92
€2.19
BATS-CHIXE:PANM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:PANM represents 1.01829x of BIT:PAN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01829x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.19 x 1.01829
€2.23
Value per share (EUR) From above. €2.23
Current discount Discount to share price of €0.72
= -1 x (€0.72 - €2.23) / €2.23
67.6%

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

Current Discount
Amount off the current price Panariagroup Industrie Ceramiche is available for.
Intrinsic value
>50%
Share price is €0.72 vs Future cash flow value of €2.23
Current Discount Checks
For Panariagroup Industrie Ceramiche to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Panariagroup Industrie Ceramiche's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Panariagroup Industrie Ceramiche's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Panariagroup Industrie Ceramiche's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Panariagroup Industrie Ceramiche's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:PANM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.09
BIT:PAN Share Price ** BIT (2020-04-06) in EUR €0.71
United Kingdom of Great Britain and Northern Ireland Building Industry PE Ratio Median Figure of 10 Publicly-Listed Building Companies 10.55x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Panariagroup Industrie Ceramiche.

BATS-CHIXE:PANM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.71 ÷ -0.09

-7.9x

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

  • Panariagroup Industrie Ceramiche is loss making, we can't compare its value to the GB Building industry average.
  • Panariagroup Industrie Ceramiche is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Panariagroup Industrie Ceramiche's expected growth come at a high price?
Raw Data
BATS-CHIXE:PANM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
97.6%per year
United Kingdom of Great Britain and Northern Ireland Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 0.43x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*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 Panariagroup Industrie Ceramiche, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Panariagroup Industrie Ceramiche's assets?
Raw Data
BATS-CHIXE:PANM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.72
BIT:PAN Share Price * BIT (2020-04-06) in EUR €0.71
United Kingdom of Great Britain and Northern Ireland Building Industry PB Ratio Median Figure of 12 Publicly-Listed Building Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:PANM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.71 ÷ 3.72

0.19x

* Primary Listing of Panariagroup Industrie Ceramiche.

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

  • Panariagroup Industrie Ceramiche is good value based on assets compared to the GB Building industry average.
X
Value checks
We assess Panariagroup Industrie Ceramiche'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 Building 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 Building industry average (and greater than 0)? (1 check)
  5. Panariagroup Industrie Ceramiche 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.

Future Performance

 How is Panariagroup Industrie Ceramiche 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
97.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Panariagroup Industrie Ceramiche expected to grow at an attractive rate?
  • Panariagroup Industrie Ceramiche's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Panariagroup Industrie Ceramiche's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Panariagroup Industrie Ceramiche's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:PANM Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:PANM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 97.6%
BATS-CHIXE:PANM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.4%
United Kingdom of Great Britain and Northern Ireland Building Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Building Industry Revenue Growth Rate Market Cap Weighted Average 2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:PANM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
BATS-CHIXE:PANM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 429 29 10 1
2020-12-31 367 10 -9 1
2020-04-07
BATS-CHIXE:PANM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 394 -6
2019-09-30 393 -3
2019-06-30 392 13 -3
2019-03-31 389 -5
2018-12-31 382 24 -4
2018-09-30 381 -1
2018-06-30 381 24 2
2018-03-31 386 7
2017-12-31 396 23 11
2017-09-30 398 14
2017-06-30 400 31 15
2017-03-31 391 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Panariagroup Industrie Ceramiche's earnings are expected to grow significantly at over 20% yearly.
  • Panariagroup Industrie Ceramiche'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
BATS-CHIXE:PANM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Panariagroup Industrie Ceramiche Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:PANM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.22 0.22 0.22 1.00
2020-12-31 -0.19 -0.19 -0.19 1.00
2020-04-07
BATS-CHIXE:PANM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2019-09-30
2019-06-30
2019-03-31
2018-12-31 -0.09
2018-09-30
2018-06-30 0.04
2018-03-31
2017-12-31 0.25
2017-09-30
2017-06-30 0.34
2017-03-31

*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.
  • Panariagroup Industrie Ceramiche is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Panariagroup Industrie Ceramiche'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Panariagroup Industrie Ceramiche has a total score of 4/6, 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 Panariagroup Industrie Ceramiche 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 Panariagroup Industrie Ceramiche's growth in the last year to its industry (Building).
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.
  • Panariagroup Industrie Ceramiche does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Panariagroup Industrie Ceramiche's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Panariagroup Industrie Ceramiche's 1-year growth to the GB Building industry average as it is not currently profitable.
Earnings and Revenue History
Panariagroup Industrie Ceramiche'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 Panariagroup Industrie Ceramiche Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:PANM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 393.79 -6.39
2019-09-30 393.48 -3.48
2019-06-30 391.50 -3.37
2019-03-31 388.58 -4.67
2018-12-31 381.74 -4.10
2018-09-30 381.13 -1.16
2018-06-30 380.76 1.86
2018-03-31 386.46 6.91
2017-12-31 395.97 11.36
2017-09-30 398.41 14.23
2017-06-30 400.24 15.38
2017-03-31 391.44 13.34
2016-12-31 381.50 11.22
2016-09-30 374.19 8.53
2016-06-30 365.83 8.02
2016-03-31 357.07 6.75
2015-12-31 347.48 5.87
2015-09-30 337.02 4.56
2015-06-30 324.62 3.30
2015-03-31 307.18 0.89
2014-12-31 295.64 -1.84
2014-09-30 286.35 -4.65
2014-06-30 280.77 -8.86
2014-03-31 278.01 -9.49 -18.53
2013-12-31 276.17 -7.85
2013-09-30 274.09 -4.03 30.40
2013-06-30 275.52 0.55 47.29

*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 Panariagroup Industrie Ceramiche has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Panariagroup Industrie Ceramiche has efficiently used its assets last year compared to the GB Building industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Panariagroup Industrie Ceramiche improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Panariagroup Industrie Ceramiche'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 Building 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.
Panariagroup Industrie Ceramiche 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 Panariagroup Industrie Ceramiche'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 Panariagroup Industrie Ceramiche's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Panariagroup Industrie Ceramiche is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Panariagroup Industrie Ceramiche's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Panariagroup Industrie Ceramiche'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 2.1x 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 Panariagroup Industrie Ceramiche Company Filings, last reported 3 months ago.

BATS-CHIXE:PANM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 157.32 113.79 8.18
2019-09-30 163.92 124.97 13.50
2019-06-30 163.63 116.20 4.63
2019-03-31 161.00 120.62 8.19
2018-12-31 167.06 115.44 18.09
2018-09-30 168.46 114.17 3.61
2018-06-30 170.43 125.65 19.00
2018-03-31 169.12 126.42 14.68
2017-12-31 171.31 106.38 8.29
2017-09-30 171.67 105.33 11.18
2017-06-30 173.65 102.29 8.46
2017-03-31 175.36 101.82 7.16
2016-12-31 172.22 100.39 18.28
2016-09-30 164.70 98.69 14.05
2016-06-30 163.37 103.19 14.52
2016-03-31 158.24 99.52 10.01
2015-12-31 159.26 89.64 8.28
2015-09-30 155.33 91.55 5.91
2015-06-30 154.81 90.78 6.51
2015-03-31 154.85 93.70 2.81
2014-12-31 147.12 82.20 3.63
2014-09-30 145.62 85.88 2.87
2014-06-30 141.73 84.00 6.82
2014-03-31 141.45 103.97 10.53
2013-12-31 143.16 100.95 10.59
2013-09-30 147.02 103.34 10.61
2013-06-30 152.93 108.74 8.20
  • Panariagroup Industrie Ceramiche's level of debt (72.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.9% vs 72.3% today).
  • Debt is not well covered by operating cash flow (11.2%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Panariagroup Industrie Ceramiche's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Panariagroup Industrie Ceramiche'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. Panariagroup Industrie Ceramiche has a total score of 2/6, 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 Panariagroup Industrie Ceramiche'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
0%
Current annual income from Panariagroup Industrie Ceramiche dividends.
If you bought €2,000 of Panariagroup Industrie Ceramiche shares you are expected to receive €0 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?
  • Unable to evaluate Panariagroup Industrie Ceramiche's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Panariagroup Industrie Ceramiche's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BATS-CHIXE:PANM 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
United Kingdom of Great Britain and Northern Ireland Building Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:PANM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-07
BATS-CHIXE:PANM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-13 0.000 0.000
2018-03-29 0.070 3.782
2018-03-16 0.070 1.693
2017-03-31 0.070 1.212
2017-03-17 0.070 1.432
2010-01-04 0.000 0.000

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

  • Unable to perform a dividend volatility check as Panariagroup Industrie Ceramiche has not reported any payouts.
  • Unable to verify if Panariagroup Industrie Ceramiche's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Panariagroup Industrie Ceramiche's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Panariagroup Industrie Ceramiche has not reported any payouts.
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 Panariagroup Industrie Ceramiche's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Panariagroup Industrie Ceramiche afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Panariagroup Industrie Ceramiche has a total score of 0/6, 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 Panariagroup Industrie Ceramiche'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
Emilio Mussini
COMPENSATION €509,844
AGE 58
CEO Bio

Mr. Emilio Mussini serves as the Chairman and Managing Director of Panariagroup Industrie Ceramiche S.p.A.

CEO Compensation
  • Emilio's compensation has increased whilst company is loss making.
  • Emilio's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Emilio Mussini

TITLE
Chairman & MD
COMPENSATION
€510K
AGE
58

Giuliano Pini

TITLE
MD & Director
COMPENSATION
€547K
AGE
67

Paolo Mussini

TITLE
Deputy Chairman & MD
COMPENSATION
€366K
AGE
61

Damiano Quarta

TITLE
Financial Reporting Manager
Board of Directors

Emilio Mussini

TITLE
Chairman & MD
COMPENSATION
€510K
AGE
58

Giuliano Pini

TITLE
MD & Director
COMPENSATION
€547K
AGE
67

Paolo Mussini

TITLE
Deputy Chairman & MD
COMPENSATION
€366K
AGE
61

Andrea Mussini

TITLE
Deputy Chairman
COMPENSATION
€226K
AGE
61

Sergio Marchese

TITLE
Chairman of Board of Statutory Auditors

Giuliano Mussini

TITLE
Non-Executive Director
COMPENSATION
€100K
AGE
89

Sonia Bonfiglioli

TITLE
Independent Non-Executive Director
COMPENSATION
€27K

Silvia Mussini

TITLE
Non-Executive Director

Francesca Bazoli

TITLE
Independent Non-Executive Director

Daniele Prodi

TITLE
Non-Executive Director
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 Panariagroup Industrie Ceramiche'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. Panariagroup Industrie Ceramiche 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

Panariagroup Industrie Ceramiche S.p.A. produces and sells ceramic tiles for floors and wall coverings in Italy and internationally. It is also involved in the production of porcelain stoneware products; and retail sale of ceramic tiles. The company sells its products under the Panaria Ceramica, Lea Ceramiche, Cotto d’Este, Fiordo, Blustyle, Florida Tile, Margres, Love Tiles, and Bellissimo brands. It primarily focuses on the high-end and luxury market segment. The company was founded in 1974 and is headquartered in Fiorano Modenese, Italy. Panariagroup Industrie Ceramiche S.p.A. is a subsidiary of Finpanaria S.p.A.

Details
Name: Panariagroup Industrie Ceramiche S.p.A.
PANM
Exchange: BATS-CHIXE
Founded: 1974
€31,940,293
44,923,057
Website: http://www.panariagroup.it
Address: Panariagroup Industrie Ceramiche S.p.A.
Via Cameazzo, 21,
Fiorano Modenese,
Modena, 41042,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT PAN Ordinary Shares Borsa Italiana IT EUR 19. Nov 2004
DB 7P6 Ordinary Shares Deutsche Boerse AG DE EUR 19. Nov 2004
LSE 0FJJ Ordinary Shares London Stock Exchange GB EUR 19. Nov 2004
BATS-CHIXE PANM Ordinary Shares BATS 'Chi-X Europe' GB EUR 19. Nov 2004
Number of employees
Current staff
Staff numbers
1,700
Panariagroup Industrie Ceramiche employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:09
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/18
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.