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Emak

BATS-CHIXE:EMM
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EMM
BATS-CHIXE
€98M
Market Cap
  1. Home
  2. GB
  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 9 days ago. More info.


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  • Emak has significant price volatility in the past 3 months.
EMM Share Price and Events
7 Day Returns
-5.2%
BATS-CHIXE:EMM
8.2%
GB Consumer Durables
1.7%
GB Market
1 Year Returns
-56.6%
BATS-CHIXE:EMM
-21%
GB Consumer Durables
-21.8%
GB Market
EMM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Emak (EMM) -5.2% -28.3% -34.9% -56.6% -63.4% -35.9%
GB Consumer Durables 8.2% -31.3% -34.8% -21% -18.4% -2%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • EMM underperformed the Consumer Durables industry which returned -21% over the past year.
  • EMM underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
EMM
Industry
5yr Volatility vs Market

EMM 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.

BATS-CHIXE:EMM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 16.1%
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:EMM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 8.2%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 24%) (201.27%))
1.886
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.886 * 8.23%)
16.06%

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

The calculations below outline how an intrinsic value for Emak 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:EMM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 16.06%)
2020 21.93 Est @ 23.81% 18.89
2021 25.62 Est @ 16.82% 19.02
2022 28.67 Est @ 11.94% 18.34
2023 31.11 Est @ 8.51% 17.15
2024 33.02 Est @ 6.12% 15.68
2025 34.48 Est @ 4.44% 14.11
2026 35.61 Est @ 3.27% 12.56
2027 36.48 Est @ 2.45% 11.09
2028 37.17 Est @ 1.87% 9.73
2029 37.71 Est @ 1.47% 8.51
Present value of next 10 years cash flows €145.00
BATS-CHIXE:EMM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €37.71 × (1 + 0.53%) ÷ (16.06% – 0.53%)
€244.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €244.19 ÷ (1 + 16.06%)10
€55.09
BATS-CHIXE:EMM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €145.00 + €55.09
€200.09
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €200.09 / 163.54
€1.22
BATS-CHIXE:EMM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:EMM represents 1.00998x of BIT:EM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00998x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 1.22 x 1.00998
€1.24
Value per share (EUR) From above. €1.24
Current discount Discount to share price of €0.61
= -1 x (€0.61 - €1.24) / €1.24
50.9%

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

Current Discount
Amount off the current price Emak is available for.
Intrinsic value
>50%
Share price is €0.61 vs Future cash flow value of €1.24
Current Discount Checks
For Emak to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Emak's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Emak'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 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
BATS-CHIXE:EMM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.08
BIT:EM Share Price ** BIT (2020-04-07) in EUR €0.6
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.84x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Emak.

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

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

= 0.6 ÷ 0.08

7.59x

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 GB Consumer Durables industry average.
  • Emak is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Emak's expected growth come at a high price?
Raw Data
BATS-CHIXE:EMM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*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
BATS-CHIXE:EMM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €1.28
BIT:EM Share Price * BIT (2020-04-07) in EUR €0.6
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:EMM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.6 ÷ 1.28

0.47x

* 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 GB 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 5/6, 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.

EMM Future Performance

 How is Emak expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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
16.4%
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 0.5%.
Growth vs Market Checks
  • Emak's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Emak's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:EMM Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:EMM Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 0 Analysts 16.4%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
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:EMM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 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:EMM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-08
BATS-CHIXE:EMM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 434 35 13
2019-09-30 435 14
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Emak's earnings are expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Emak 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
BATS-CHIXE:EMM 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 0 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:EMM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.11 0.11 0.11 1.00
2020-12-31 0.09 0.09 0.09 1.00
2020-04-08
BATS-CHIXE:EMM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.08
2019-09-30 0.08
2019-06-30 0.08
2019-03-31 0.12
2018-12-31 0.16
2018-09-30 0.15
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

*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 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.
Emak has a total score of 2/6, 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.

EMM 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 GB 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:EMM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 433.95 12.95 87.72
2019-09-30 434.66 13.82 92.48
2019-06-30 429.41 13.86 91.00
2019-03-31 444.02 20.27 93.61
2018-12-31 452.83 25.40 94.23
2018-09-30 455.10 23.80 95.98
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

*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 GB 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.

EMM 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 3 months ago.

BATS-CHIXE:EMM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 211.53 167.43 47.84
2019-09-30 210.69 185.87 50.15
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 63.16
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
  • Emak's level of debt (79.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (58% vs 79.2% today).
  • Debt is well covered by operating cash flow (20.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.2x 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 4/6, 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.

EMM 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
0%
Current annual income from Emak dividends.
If you bought €2,000 of Emak 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 Emak's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Emak'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:EMM 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 7.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
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 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:EMM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-08
BATS-CHIXE:EMM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.000 0.000
2020-03-13 0.000 0.000
2019-03-29 0.045 4.759
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

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

  • Unable to perform a dividend volatility check as Emak has not reported any payouts.
  • Unable to verify if Emak's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Emak's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Emak 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 Emak'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 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 0/6, see the detailed checks below.


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

EMM 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 United Kingdom of Great Britain and Northern Ireland.
Management Team

Fausto Bellamico

TITLE
Chairman & CEO
COMPENSATION
€783K

Aimone Burani

TITLE
Deputy Chairman
COMPENSATION
€616K

Luigi Bartoli

TITLE
Executive Director
COMPENSATION
€5K
TENURE
1.3 yrs
Board of Directors

Fausto Bellamico

TITLE
Chairman & CEO
COMPENSATION
€783K

Aimone Burani

TITLE
Deputy Chairman
COMPENSATION
€616K

Luigi Bartoli

TITLE
Executive Director
COMPENSATION
€5K

Paolo Caselli

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

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

Paola Becchi

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.

EMM News

Simply Wall St News

EMM 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 technical seats and spare parts for tractors under the Tecomec, Mecline, and Sabart brands, as well as other third party brands. It serves customers through specialized dealers, and own branches, 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.
EMM
Exchange: BATS-CHIXE
Founded: 1972
€98,286,098
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
1,988
Emak employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:57
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/04
Last earnings filing: 2020/03/30
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.