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Il Sole 24 ORE

BATS-CHIXE:S24M
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S24M
BATS-CHIXE
€32M
Market Cap
  1. Home
  2. GB
  3. Media
Company description

Il Sole 24 ORE S.p.A. operates as a multimedia publishing company in the economic, financial, professional, and cultural information sectors in Italy. The last earnings update was 136 days ago. More info.


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S24M Share Price and Events
7 Day Returns
0%
BATS-CHIXE:S24M
9.3%
GB Media
6%
GB Market
1 Year Returns
31%
BATS-CHIXE:S24M
-33.8%
GB Media
-22.7%
GB Market
S24M Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Il Sole 24 ORE (S24M) 0% 0% 1.5% 31% - -91.8%
GB Media 9.3% -29.1% -43.1% -33.8% -50.1% -54.2%
GB Market 6% -20.3% -28.1% -22.7% -24.6% -22%
1 Year Return vs Industry and Market
  • S24M outperformed the Media industry which returned -33.8% over the past year.
  • S24M outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -22.7% over the past year.
Price Volatility
S24M
Industry
5yr Volatility vs Market

Value

 Is Il Sole 24 ORE 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 Il Sole 24 ORE 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 Il Sole 24 ORE.

BATS-CHIXE:S24M 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 10.5%
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:S24M
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 8.2%
Media Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.642 (1 + (1- 24%) (137.69%))
1.211
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.211 * 8.23%)
10.5%

Discounted Cash Flow Calculation for BATS-CHIXE:S24M using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Il Sole 24 ORE 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:S24M DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.5%)
2020 6.99 Est @ 45% 6.33
2021 9.21 Est @ 31.66% 7.54
2022 11.26 Est @ 22.32% 8.35
2023 13.04 Est @ 15.78% 8.75
2024 14.50 Est @ 11.21% 8.80
2025 15.66 Est @ 8% 8.60
2026 16.56 Est @ 5.76% 8.24
2027 17.26 Est @ 4.19% 7.77
2028 17.79 Est @ 3.09% 7.25
2029 18.20 Est @ 2.32% 6.71
Present value of next 10 years cash flows €78.00
BATS-CHIXE:S24M DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €18.20 × (1 + 0.53%) ÷ (10.5% – 0.53%)
€183.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €183.62 ÷ (1 + 10.5%)10
€67.68
BATS-CHIXE:S24M Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €78.00 + €67.68
€145.68
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €145.68 / 65.02
€2.24
BATS-CHIXE:S24M Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:S24M represents 1.36821x of BIT:S24
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.36821x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.24 x 1.36821
€3.07
Value per share (EUR) From above. €3.07
Current discount Discount to share price of €0.68
= -1 x (€0.68 - €3.07) / €3.07
77.8%

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

Current Discount
Amount off the current price Il Sole 24 ORE is available for.
Intrinsic value
>50%
Share price is €0.68 vs Future cash flow value of €3.07
Current Discount Checks
For Il Sole 24 ORE to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Il Sole 24 ORE's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Il Sole 24 ORE'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 Il Sole 24 ORE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Il Sole 24 ORE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:S24M PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.05
BIT:S24 Share Price ** BIT (2020-02-12) in EUR €0.5
United Kingdom of Great Britain and Northern Ireland Media Industry PE Ratio Median Figure of 24 Publicly-Listed Media Companies 17.32x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 12.54x

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

** Primary Listing of Il Sole 24 ORE.

BATS-CHIXE:S24M PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:S24 Share Price ÷ EPS (both in EUR)

= 0.5 ÷ 0.05

9.3x

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

  • Il Sole 24 ORE is good value based on earnings compared to the GB Media industry average.
  • Il Sole 24 ORE is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Il Sole 24 ORE's expected growth come at a high price?
Raw Data
BATS-CHIXE:S24M PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Media Industry PEG Ratio Median Figure of 18 Publicly-Listed Media Companies 0.81x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 531 Publicly-Listed Companies 0.98x

*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 Il Sole 24 ORE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Il Sole 24 ORE's assets?
Raw Data
BATS-CHIXE:S24M PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €0.58
BIT:S24 Share Price * BIT (2020-02-12) in EUR €0.5
United Kingdom of Great Britain and Northern Ireland Media Industry PB Ratio Median Figure of 42 Publicly-Listed Media Companies 0.8x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.08x
BATS-CHIXE:S24M PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:S24 Share Price ÷ Book Value per Share (both in EUR)

= 0.5 ÷ 0.58

0.86x

* Primary Listing of Il Sole 24 ORE.

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

  • Il Sole 24 ORE is overvalued based on assets compared to the GB Media industry average.
X
Value checks
We assess Il Sole 24 ORE'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Il Sole 24 ORE has a total score of 4/6, 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 Il Sole 24 ORE 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
-118.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Il Sole 24 ORE expected to grow at an attractive rate?
  • Il Sole 24 ORE's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Il Sole 24 ORE's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Il Sole 24 ORE's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:S24M Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:S24M Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -118.2%
BATS-CHIXE:S24M Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -5.3%
United Kingdom of Great Britain and Northern Ireland Media Industry Earnings Growth Rate Market Cap Weighted Average 12%
United Kingdom of Great Britain and Northern Ireland Media Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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:S24M Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:S24M Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 191 1
2020-03-29
2019-12-31 201 1
BATS-CHIXE:S24M Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 204 8 3
2019-06-30 204 10 0
2019-03-31 211 7 -9
2018-12-31 211 -9 -6
2018-09-30 209 -22 50
2018-06-30 212 -27 49
2018-03-31 212 -33 34
2017-12-31 222 -16 8
2017-09-30 236 -10 -78
2017-06-30 245 -11 -85
2017-03-31 249 -12 -107
2016-12-31 266 -26 -93

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Il Sole 24 ORE's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Il Sole 24 ORE's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:S24M Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Il Sole 24 ORE Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:S24M Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.00 0.00 0.00 1.00
2020-03-29
2019-12-31 0.04 0.04 0.04 1.00
BATS-CHIXE:S24M Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.05
2019-06-30 0.00
2019-03-31 -0.14
2018-12-31 -0.09
2018-09-30 0.49
2018-06-30 0.54
2018-03-31 0.46
2017-12-31 0.12
2017-09-30 -6.03
2017-06-30 -6.52
2017-03-31 -8.20
2016-12-31 -7.10

*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 Il Sole 24 ORE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Il Sole 24 ORE'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.
Il Sole 24 ORE has a total score of 0/6, 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 Il Sole 24 ORE 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 Il Sole 24 ORE's growth in the last year to its industry (Media).
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.
  • Il Sole 24 ORE has delivered over 20% year on year earnings growth in the past 5 years.
  • Il Sole 24 ORE's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Il Sole 24 ORE's 1-year earnings growth is negative, it can't be compared to the GB Media industry average.
Earnings and Revenue History
Il Sole 24 ORE'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 Il Sole 24 ORE Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:S24M Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 204.33 3.47 10.80
2019-06-30 204.07 -0.19 13.47
2019-03-31 210.52 -8.98 16.00
2018-12-31 211.32 -6.02 18.71
2018-09-30 209.15 49.76 20.13
2018-06-30 212.45 48.94 20.56
2018-03-31 212.43 34.46 21.64
2017-12-31 222.05 7.53 21.91
2017-09-30 235.87 -78.13 22.34
2017-06-30 244.92 -84.67 22.99
2017-03-31 248.99 -106.61 30.48
2016-12-31 265.75 -92.55 25.73
2016-09-30 281.80 -65.21 45.64
2016-06-30 289.29 -67.25 27.93
2016-03-31 308.46 -34.37 26.85
2015-12-31 316.20 -25.60 26.85
2015-09-30 318.66 -24.92 26.61
2015-06-30 314.09 -29.30 24.93
2015-03-31 313.21 -27.80 26.61
2014-12-31 313.12 -30.02 26.61
2014-09-30 313.06 -79.48 28.00
2014-06-30 321.19 -70.32 27.61
2014-03-31 311.01 -72.67 28.00
2013-12-31 324.80 -78.01 28.00
2013-09-30 348.56 -52.05 39.72
2013-06-30 369.31 -57.49 35.32
2013-03-31 415.69 -50.83 39.72

*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.
  • Il Sole 24 ORE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Il Sole 24 ORE used its assets less efficiently than the GB Media industry average last year based on Return on Assets.
  • Il Sole 24 ORE has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Il Sole 24 ORE'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 Media 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.
Il Sole 24 ORE has a total score of 2/6, 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 Il Sole 24 ORE'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 Il Sole 24 ORE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Il Sole 24 ORE's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Il Sole 24 ORE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Il Sole 24 ORE'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.9x 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 Il Sole 24 ORE Company Filings, last reported 5 months ago.

BATS-CHIXE:S24M Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 37.75 15.20 9.27
2019-06-30 39.37 22.77 20.53
2019-03-31 36.33 22.15 15.34
2018-12-31 35.85 23.55 22.63
2018-09-30 32.95 27.75 19.69
2018-06-30 37.71 28.58 22.52
2018-03-31 43.13 28.20 15.95
2017-12-31 41.56 21.39 33.04
2017-09-30 -63.20 85.27 18.55
2017-06-30 -57.47 83.91 28.13
2017-03-31 -39.92 82.74 28.77
2016-12-31 -12.37 81.52 29.77
2016-09-30 16.35 77.80 36.14
2016-06-30 28.19 59.57 29.38
2016-03-31 81.34 70.88 50.36
2015-12-31 80.86 73.14 39.20
2015-09-30 85.47 68.10 35.59
2015-06-30 102.75 61.06 41.03
2015-03-31 107.58 52.03 30.82
2014-12-31 110.57 32.26 34.48
2014-09-30 110.29 27.38 28.68
2014-06-30 129.72 42.09 63.18
2014-03-31 116.14 70.98 13.20
2013-12-31 121.93 57.13 8.58
2013-09-30 166.36 56.90 8.40
2013-06-30 175.45 52.50 15.06
2013-03-31 186.52 39.34 7.95
  • Il Sole 24 ORE's level of debt (40.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.9% vs 40.3% today).
  • Debt is well covered by operating cash flow (51.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15x coverage).
X
Financial health checks
We assess Il Sole 24 ORE'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. Il Sole 24 ORE has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Il Sole 24 ORE'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 Il Sole 24 ORE dividends. Estimated to be 0% next year.
If you bought €2,000 of Il Sole 24 ORE 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 Il Sole 24 ORE's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Il Sole 24 ORE'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:S24M 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 Media Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 630 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:S24M Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2020-03-29
2019-12-31 0.00 1.00
BATS-CHIXE:S24M Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2011-03-16 0.000 0.000
2010-11-12 0.000 0.000
2010-08-04 0.000 0.000
2010-08-03 0.000 0.000
2010-05-13 0.000 0.000
2010-05-12 0.000 0.000
2010-03-26 0.000 0.000
2010-03-12 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 Il Sole 24 ORE has not reported any payouts.
  • Unable to verify if Il Sole 24 ORE's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Il Sole 24 ORE's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Il Sole 24 ORE has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Il Sole 24 ORE's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Il Sole 24 ORE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Il Sole 24 ORE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Il Sole 24 ORE 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 Il Sole 24 ORE'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
Giuseppe Cerbone
AGE 61
TENURE AS CEO 1.6 years
CEO Bio

Mr. Giuseppe Cerbone is Chief Executive Officer of Il Sole 24 Ore S.p.A. since 1 August 2018 and serves as its Board Member. Previously, Mr. Cerbone was Chief Executive Officer and General Manager of ANSA since 2008, after a first term served between 1998 and 2002. He obtained a PhD in the USA, specializing in Computer Science and Artificial Intelligence and worked with NASA Ames Research Center and NeXT Computer. Upon his return to Italy an initial experience at the IRI-Stet Group was followed by appointments as Chief Executive Officer at Il Sole 24 Ore Group. For years he has committed himself to research and the spread of technological know-how linked to the knowledge economy. He was Vice President of the Italian Institute of Technology, Counsellor to the president of the Telecommunications Forum and Professor Economics and Business Management for publishing companies at the Journalism School of LUISS University of Rome. Currently, he is President of the national news agencies for the Italian Federation of Newspaper Publishers (FIEG) and Vice president of PuntoIT, a non-profit Association for the spread of Internet in Italy and Europe through companies and institutions. Previously, he served as Director of Il Sole 24 ORE S.p.A.

CEO Compensation
  • Insufficient data for Giuseppe to compare compensation growth.
  • Insufficient data for Giuseppe to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Giuseppe Cerbone

TITLE
CEO & Director
AGE
61
TENURE
1.6 yrs

Alfonso Dell'Erario

TITLE
Managing Editor and Institutional Relations & Communications Director
AGE
65

Paolo Fietta

TITLE
Chief Financial Officer
TENURE
1.3 yrs

Edoardo Zecca

TITLE
Human Resource and Operations Director
AGE
56

Giancarlo Coppa

TITLE
Executive Officer of Accounting & Corporate documents
AGE
60

Raffaella Romano

TITLE
Head of Investor Relations

Luigi Predieri

TITLE
Legal & Corporate Affairs Director
AGE
62

Anna Matteo

TITLE
Marketing & Product Development General Director
AGE
51

Salvatore Sanzo

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Il Sole 24 ORE board of directors in years:

1.6
Average Tenure
61
Average Age
  • The average tenure for the Il Sole 24 ORE board of directors is less than 3 years, this suggests a new board.
Board of Directors

Edoardo Garrone

TITLE
Chairman
AGE
58
TENURE
1.7 yrs

Giuseppe Cerbone

TITLE
CEO & Director
AGE
61
TENURE
1.6 yrs

Carlo Robiglio

TITLE
Vice Chairman

Pellegrino Libroia

TITLE
Chairman of Board of Statutory Auditors
AGE
73
TENURE
2.8 yrs

Salvatore Nolasco

TITLE
Independent Non-Executive Director
TENURE
1.2 yrs

Elena Nembrini

TITLE
Independent Non-Executive Director
TENURE
1.2 yrs

Marcella Panucci

TITLE
Non-Executive Director

Luigi Gubitosi

TITLE
Independent Director

Giuseppina Mengano Amarelli

TITLE
Non-Executive Director

Patrizia Micucci

TITLE
Independent 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 Il Sole 24 ORE'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. Il Sole 24 ORE 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

Il Sole 24 ORE S.p.A. operates as a multimedia publishing company in the economic, financial, professional, and cultural information sectors in Italy. The company publishes various daily newspapers and magazines. It also operates Radio 24, a news and talk radio station; ilsole24ore.com, which provides digital content for investors and professionals; Shopping24.it, an e-commerce channel that sells books, software, databanks, training courses, and specialized magazines; and Radiocor, a press agency. In addition, the company offers editorial products and services covering the areas of professionals, tax, employment, law, public administration, and technicians. Further, it provides databanks, online services, and training programs; offers formats, conferences, road shows, and events; publishes exhibition catalogues and illustrated books on art, photography, architecture, design, and fashion; and conducts exhibitions. Additionally, the company operates 24 ORE System, an advertising agency. Il Sole 24 ORE S.p.A. was founded in 1865 and is headquartered in Milan, Italy.

Details
Name: Il Sole 24 ORE S.p.A.
S24M
Exchange: BATS-CHIXE
Founded: 1865
€32,377,766
65,015,595
Website: http://www.gruppo24ore.com
Address: Il Sole 24 ORE S.p.A.
Via Monte Rosa, 91,
Milan,
Milan, 20149,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT S24 Ordinary Shares Borsa Italiana IT EUR 06. Dec 2007
DB 4IL1 Ordinary Shares Deutsche Boerse AG DE EUR 06. Dec 2007
LSE 0RUI Ordinary Shares London Stock Exchange GB EUR 06. Dec 2007
BATS-CHIXE S24M Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Dec 2007
Number of employees
Current staff
Staff numbers
0
Il Sole 24 ORE employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 19:48
End of day share price update: 2020/02/12 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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