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Carel Industries

BATS-CHIXE:CRLM
Snowflake Description

Solid track record with adequate balance sheet.

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

Carel Industries S.p.A. provides control and IoT solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets in Italy and internationally. The last earnings update was 34 days ago. More info.


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  • Carel Industries has significant price volatility in the past 3 months.
CRLM Share Price and Events
7 Day Returns
-0.7%
BATS-CHIXE:CRLM
0%
GB Electronic
1.7%
GB Market
1 Year Returns
11.1%
BATS-CHIXE:CRLM
-5.1%
GB Electronic
-21.8%
GB Market
CRLM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carel Industries (CRLM) -0.7% 6.9% -16.5% 11.1% - -
GB Electronic 0% -5.2% -14.2% -5.1% 23.9% 64.7%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • CRLM outperformed the Electronic industry which returned -5.1% over the past year.
  • CRLM outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

CRLM Value

 Is Carel Industries 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 Carel Industries 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 Carel Industries.

BATS-CHIXE:CRLM 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 9.8%
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:CRLM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 8.2%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.1 (1 + (1- 24%) (11.33%))
1.13
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.13 * 8.23%)
9.83%

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

The calculations below outline how an intrinsic value for Carel Industries 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:CRLM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.83%)
2020 33.66 Est @ 12.82% 30.65
2021 36.74 Est @ 9.14% 30.45
2022 39.14 Est @ 6.55% 29.55
2023 41.00 Est @ 4.75% 28.18
2024 42.43 Est @ 3.48% 26.55
2025 43.53 Est @ 2.6% 24.80
2026 44.39 Est @ 1.98% 23.03
2027 45.08 Est @ 1.54% 21.29
2028 45.64 Est @ 1.24% 19.62
2029 46.10 Est @ 1.03% 18.05
Present value of next 10 years cash flows €252.00
BATS-CHIXE:CRLM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €46.10 × (1 + 0.53%) ÷ (9.83% – 0.53%)
€498.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €498.33 ÷ (1 + 9.83%)10
€195.11
BATS-CHIXE:CRLM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €252.00 + €195.11
€447.11
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €447.11 / 99.92
€4.47
BATS-CHIXE:CRLM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CRLM represents 1.0163x of BIT:CRL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0163x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.47 x 1.0163
€4.55
Value per share (EUR) From above. €4.55
Current discount Discount to share price of €11.22
= -1 x (€11.22 - €4.55) / €4.55
-146.7%

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

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

The amount the stock market is willing to pay for Carel Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carel Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CRLM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.35
BIT:CRL Share Price ** BIT (2020-04-07) in EUR €11.04
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.39x
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 Carel Industries.

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

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

= 11.04 ÷ 0.35

31.54x

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

  • Carel Industries is overvalued based on earnings compared to the GB Electronic industry average.
  • Carel Industries is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Carel Industries's expected growth come at a high price?
Raw Data
BATS-CHIXE:CRLM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.54x
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 Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.08x
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 Carel Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Carel Industries's assets?
Raw Data
BATS-CHIXE:CRLM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €1.46
BIT:CRL Share Price * BIT (2020-04-07) in EUR €11.04
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:CRLM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.04 ÷ 1.46

7.55x

* Primary Listing of Carel Industries.

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

  • Carel Industries is overvalued based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Carel Industries'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Carel Industries has a total score of 0/6, 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.

CRLM Future Performance

 How is Carel Industries 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
6.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Carel Industries expected to grow at an attractive rate?
  • Unable to compare Carel Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Carel Industries's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Carel Industries'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:CRLM Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CRLM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.6%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
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:CRLM 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:CRLM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 397 1
2021-12-31 370 1
2020-12-31 342 1
2020-04-08
BATS-CHIXE:CRLM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 327 50 35
2019-09-30 320 38 34
2019-06-30 309 38 34
2019-03-31 294 29 31
2018-12-31 281 27 31
2018-09-30 272 31 31
2018-06-30 268 40 30
2018-03-31 262 35 32
2017-12-31 256 38 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Carel Industries is high growth as no earnings estimate data is available.
  • Carel Industries's revenue is expected to grow by 6.6% 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:CRLM 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 Carel Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CRLM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08
BATS-CHIXE:CRLM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.35
2019-09-30 0.34
2019-06-30 0.34
2019-03-31 0.32
2018-12-31 0.31
2018-09-30 0.31
2018-06-30 0.30
2018-03-31 0.32
2017-12-31 0.31

*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.
  • Unable to establish if Carel Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Carel Industries'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.
Carel Industries has a total score of 1/6, 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.

CRLM Past Performance

  How has Carel Industries 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 Carel Industries's growth in the last year to its industry (Electronic).
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.
  • Carel Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Carel Industries's 1-year earnings growth exceeds its 5-year average (14.2% vs 10.4%)
  • Carel Industries's earnings growth has exceeded the GB Electronic industry average in the past year (14.2% vs 6.9%).
Earnings and Revenue History
Carel Industries'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 Carel Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CRLM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 327.36 35.02 83.41
2019-09-30 320.37 34.16 83.69
2019-06-30 309.20 34.07 79.92
2019-03-31 294.15 31.36 76.31
2018-12-31 281.08 30.68 72.73
2018-09-30 272.09 31.14 70.35
2018-06-30 267.59 29.82 69.48
2018-03-31 262.12 32.39 67.82
2017-12-31 255.88 31.12 66.49
2016-12-31 231.40 25.11 62.48
2015-12-31 203.86 21.40 56.78

*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.
  • Carel Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Carel Industries used its assets more efficiently than the GB Electronic industry average last year based on Return on Assets.
  • Carel Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Carel Industries'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 Electronic 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.
Carel Industries has a total score of 5/6, 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.

CRLM Health

 How is Carel Industries'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 Carel Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Carel Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Carel Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Carel Industries'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 1.6x 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 Carel Industries Company Filings, last reported 3 months ago.

BATS-CHIXE:CRLM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 143.22 124.98 62.85
2019-09-30 136.42 139.10 63.69
2019-06-30 126.53 126.88 65.45
2019-03-31 128.91 117.18 39.70
2018-12-31 118.29 114.21 55.32
2018-09-30 111.63 64.82 79.76
2018-06-30 103.74 88.52 104.04
2018-03-31 96.34 69.79 78.47
2017-12-31 118.32 50.35 90.96
2016-12-31 107.23 43.34 75.03
2015-12-31 102.04 20.21 57.39
  • Carel Industries's level of debt (77%) compared to net worth is high (greater than 40%).
  • Unable to establish if Carel Industries's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (44.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 32.4x coverage).
X
Financial health checks
We assess Carel Industries'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. Carel Industries 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.

CRLM Dividends

 What is Carel Industries'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
1.09%
Current annual income from Carel Industries dividends. Estimated to be 1.24% next year.
If you bought €2,000 of Carel Industries shares you are expected to receive €22 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?
  • Carel Industries's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Carel Industries's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
Upcoming dividend payment

Purchase Carel Industries before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:CRLM 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
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:CRLM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.15 1.00
2021-12-31 0.14 1.00
2020-12-31 0.12 1.00
2020-04-08
BATS-CHIXE:CRLM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.120 1.171
2019-03-22 0.100 0.850
2019-03-07 0.100 1.004
2018-11-12 0.000 0.000
2018-09-11 0.000 0.000
2018-09-07 0.000 0.000

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

  • Carel Industries is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Carel Industries is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Carel Industries's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Carel Industries's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of Carel Industries'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 Carel Industries'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 Carel Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carel Industries 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.

CRLM Management

 What is the CEO of Carel Industries'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
Francesco Nalini
AGE 46
CEO Bio

Mr. Francesco Nalini serves as Chief Executive Officer of Carel Industries S.p.a and has been its Director since January 23, 2009. Mr. Nalini was employed at Carel S.p.A. in the position of Managing Director. He joined the Company in 2005, where he served as Director of Operations before becoming General Manager and Director of the Company. He obtained a degree in Engineering Management from the University of Padua in 1997, worked at McKinsey from 2001 to 2002 and, from 2002 to 2005, was ICT Manager at Errennegi S.r.l.

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

Francesco Nalini

TITLE
CEO & Director
AGE
46

Carlotta Luciani

TITLE
Executive Member of the Board of Directors
AGE
37

Giandomenico Lombello

TITLE
Managing Director
Board of Directors Tenure

Average tenure and age of the Carel Industries board of directors in years:

2.1
Average Tenure
59
Average Age
  • The average tenure for the Carel Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Luigi Luciani

TITLE
Chairman of the Board
AGE
74
TENURE
11.3 yrs

Francesco Nalini

TITLE
CEO & Director
AGE
46
TENURE
11.3 yrs

Luigi Nalini

TITLE
Executive Vice Chairman
AGE
73
TENURE
11.3 yrs

Carlotta Luciani

TITLE
Executive Member of the Board of Directors
AGE
37
TENURE
2.1 yrs

Cinzia Donalisio

TITLE
Independent Member of the Board of Directors
AGE
59
TENURE
2.1 yrs

Marina Manna

TITLE
Independent Director
AGE
59

Saverio Bozzolan

TITLE
Chairman of the Board of Statutory Auditors
AGE
52
TENURE
2.1 yrs

Giovanni Costa

TITLE
Lead Independent Director
AGE
77

Paolo Ferrin

TITLE
Member of the Board of Statutory Auditors
AGE
64
TENURE
2.1 yrs

Claudia Civolani

TITLE
Member of the Board of Statutory Auditors
AGE
53
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Carel Industries'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. Carel Industries 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.

CRLM News

Simply Wall St News

CRLM Company Info

Description

Carel Industries S.p.A. provides control and IoT solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets in Italy and internationally. The company offers programmable controls, room and unit terminals, air-conditioning parametric controls, refrigeration parametric controls, isothermal and adiabatic humidifiers, water treatment systems, remote management and monitoring systems, connectivity products, sensors and protection devices, electronic expansion valves and drivers, speed controllers and inverters, electrical panels, and obsolete products, as well as temperature, humidity, and pressure control solutions. It also provides energy management, light management, and waterloop system solutions, as well as solutions for cabinets, cold rooms, and condensing units. The company was founded in 1973 and is headquartered in Brugine, Italy.

Details
Name: Carel Industries S.p.A.
CRLM
Exchange: BATS-CHIXE
Founded: 1973
€1,103,079,981
99,916,665
Website: http://www.carel.com
Address: Carel Industries S.p.A.
Via dell'Industria, 11,
Brugine,
Padova, 35020,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT CRL Ordinary Shares Borsa Italiana IT EUR 11. Jun 2018
LSE 0YQA Ordinary Shares London Stock Exchange GB EUR 11. Jun 2018
BATS-CHIXE CRLM Ordinary Shares BATS 'Chi-X Europe' GB EUR 11. Jun 2018
Number of employees
Current staff
Staff numbers
1,632
Carel Industries employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:53
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/03/05
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.