Alkemy

BIT:ALK

Snowflake Description

Very undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

ALK

BIT

€39M

Market Cap

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Last updated 2020/02/17 23:26

Company description

Alkemy S.p.A. engages in the design, planning, and implementation of projects and solutions functional to the development and renewal of companies in Italy. The last earnings update was 159 days ago. More info.

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Alkemy has significant price volatility in the past 3 months.

ALK Share Price and Events

7 Day Returns

-8.5%

BIT:ALK

16.3%

IT Professional Services

1.5%

IT Market

1 Year Returns

-32.6%

BIT:ALK

39.5%

IT Professional Services

16.6%

IT Market

ALK Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Alkemy (ALK)	-8.5%	-17.6%	-34.4%	-32.6%	-	-
IT Professional Services	16.3%	3.7%	6.3%	39.5%	36.8%	60.7%
IT Market	1.5%	2.3%	4.8%	16.6%	22.9%	-22.3%

1 Year Return vs Industry and Market

ALK underperformed the Professional Services industry which returned 39.5% over the past year.
ALK underperformed the Market in Italy which returned 16.6% over the past year.

Price Volatility

ALK

Industry

5yr Volatility vs Market

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Value

Is Alkemy 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 Alkemy 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 Alkemy.

BIT:ALK 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	9.7%
Perpetual Growth Rate	10-Year IT Government Bond Rate	1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:ALK
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year IT Govt Bond Rate	1.2%
Equity Risk Premium	S&P Global	8.2%
Professional Services Unlevered Beta	Simply Wall St/ S&P Global	0.84
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 0.839 (1 + (1- 24%) (33.52%))	1.035
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.04
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 1.21% + (1.035 * 8.23%)	9.73%

Discounted Cash Flow Calculation for BIT:ALK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alkemy 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.

BIT:ALK DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (EUR, Millions)	Source	Present Value Discounted (@ 9.73%)
2020	1.00	Analyst x1	0.91
2021	3.50	Analyst x1	2.91
2022	6.02	Est @ 71.96%	4.56
2023	9.07	Est @ 50.74%	6.26
2024	12.33	Est @ 35.88%	7.75
2025	15.47	Est @ 25.48%	8.86
2026	18.28	Est @ 18.2%	9.55
2027	20.68	Est @ 13.1%	9.84
2028	22.65	Est @ 9.53%	9.82
2029	24.24	Est @ 7.04%	9.58
Present value of next 10 years cash flows			€70.00

BIT:ALK DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₉ × (1 + g) ÷ (Discount Rate – g) = €24.24 × (1 + 1.21%) ÷ (9.73% – 1.21%)	€288.05
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = €288.05 ÷ (1 + 9.73%)¹⁰	€113.84

BIT:ALK Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = €70.00 + €113.84	€183.84
Equity Value per Share (EUR)	= Total value / Shares Outstanding = €183.84 / 5.55	€33.14

BIT:ALK Discount to Share Price
	Calculation	Result
Value per share (EUR)	From above.	€33.14
Current discount	Discount to share price of €7.12 = -1 x (€7.12 - €33.14) / €33.14	78.5%

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

Current Discount

Amount off the current price Alkemy is available for.

^>50%

Share price is €7.12 vs Future cash flow value of €33.14

Current Discount Checks

For Alkemy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.

Alkemy's share price is below the future cash flow value, and at a moderate discount (> 20%).
Alkemy'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 Alkemy's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are Alkemy's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

BIT:ALK PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2019-06-30) in EUR	€0.67
BIT:ALK Share Price **	BIT (2020-02-17) in EUR	€7.12
Europe Professional Services Industry PE Ratio	Median Figure of 92 Publicly-Listed Professional Services Companies	21x
Italy Market PE Ratio	Median Figure of 246 Publicly-Listed Companies	18.49x

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

** Primary Listing of Alkemy.

BIT:ALK PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= BIT:ALK Share Price ÷ EPS (both in EUR) = 7.12 ÷ 0.67	10.7x

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

Alkemy is good value based on earnings compared to the Europe Professional Services industry average.
Alkemy is good value based on earnings compared to the Italy market.

Price based on expected Growth

Does Alkemy's expected growth come at a high price?

Raw Data

BIT:ALK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	10.7x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts	26.2%per year
Europe Professional Services Industry PEG Ratio	Median Figure of 59 Publicly-Listed Professional Services Companies	1.68x
Italy Market PEG Ratio	Median Figure of 167 Publicly-Listed Companies	1.29x

*Line of best fit is calculated by linear regression .

BIT:ALK PEG (Price to Earnings to Growth) Ratio Calculation
	Calculation	Outcome
PEG Ratio	= PE Ratio ÷ Net Income Annual Growth Rate = 10.7x ÷ 26.2%	0.41x

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

Alkemy is good value based on expected growth next year.

Price based on value of assets

What value do investors place on Alkemy's assets?

Raw Data

BIT:ALK PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2019-06-30) in EUR	€6.32
BIT:ALK Share Price *	BIT (2020-02-17) in EUR	€7.12
Europe Professional Services Industry PB Ratio	Median Figure of 122 Publicly-Listed Professional Services Companies	2.24x
Italy Market PB Ratio	Median Figure of 324 Publicly-Listed Companies	1.49x

BIT:ALK PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= BIT:ALK Share Price ÷ Book Value per Share (both in EUR) = 7.12 ÷ 6.32	1.13x

* Primary Listing of Alkemy.

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

Alkemy is good value based on assets compared to the Europe Professional Services industry average.

Show me more potentially undervalued companies in the Professional Services industry

Value checks

We assess Alkemy's value by looking at:

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. )
Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)

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

Future Performance

How is Alkemy 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!

26.2%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is Alkemy expected to grow at an attractive rate?

Alkemy's earnings growth is expected to exceed the low risk savings rate of 1.2%.

Growth vs Market Checks

Alkemy's earnings growth is expected to exceed the Italy market average.
Alkemy's revenue growth is expected to exceed the Italy market average.

Annual Growth Rates Comparison

Raw Data

BIT:ALK Future Growth Rates Data Sources
Data Point	Source	Value (per year)
BIT:ALK Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts	26.2%
BIT:ALK Future Revenue Growth Rate	Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts	10.9%
Europe Professional Services Industry Earnings Growth Rate	Market Cap Weighted Average	9.6%
Europe Professional Services Industry Revenue Growth Rate	Market Cap Weighted Average	4.6%
Italy Market Earnings Growth Rate	Market Cap Weighted Average	9.9%
Italy Market Revenue Growth Rate	Market Cap Weighted Average	4.2%

*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

BIT:ALK Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (7 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.

BIT:ALK Future Estimates Data
Date (Data in EUR Millions)	Revenue	Cash Flow	Net Income *	Avg. No. Analysts
2021-12-31	106	6	5	1
2020-12-31	96	3	3	1
2020-02-17
2019-12-31	85	0	1	1

BIT:ALK Past Financials Data
Date (Data in EUR Millions)	Revenue	Cash Flow	Net Income *
2019-06-30	82	-3	4
2019-03-31	75	-2	3
2018-12-31	68	-2	3
2018-09-30	56	-1	3
2018-06-30	48	1	2
2018-03-31	45	1	2
2017-12-31	41	2	1
2017-09-30	41	2	1
2017-06-30	39	1	1
2017-03-31	37	1	1
2016-12-31	35	1	1

*GAAP earnings excluding extraordinary items.

High Growth Checks

Alkemy's earnings are expected to grow significantly at over 20% yearly.
Alkemy's revenue is expected to grow by 10.9% 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

BIT:ALK Past and Future Earnings per Share
Data Point	Source	Value
Past Financials	Company Filings (7 months ago)	See Below
Future Estimates	Average of up to 1 Analyst Estimates (S&P Global)	See Below

All data from Alkemy Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:ALK Future Estimates Data
Date (Data in EUR Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts
2021-12-31	0.82	0.82	0.82	1.00
2020-12-31	0.56	0.56	0.56	1.00
2020-02-17
2019-12-31

BIT:ALK Past Financials Data
Date (Data in EUR Millions)	EPS *
2019-06-30	0.67
2019-03-31	0.63
2018-12-31	0.60
2018-09-30	0.50
2018-06-30	0.32
2018-03-31	0.29
2017-12-31	0.26
2017-09-30	0.22
2017-06-30
2017-03-31
2016-12-31	2.97

*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.

Alkemy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).

Show me more growth companies in the Professional Services industry

Future performance checks

We assess Alkemy's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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.
Alkemy has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

How has Alkemy 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 Alkemy's growth in the last year to its industry (Professional Services).

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.

Alkemy has delivered over 20% year on year earnings growth in the past 5 years.
Alkemy's 1-year earnings growth exceeds its 5-year average (106.1% vs 42.5%)
Alkemy's earnings growth has exceeded the IT Professional Services industry average in the past year (106.1% vs 18.2%).

Earnings and Revenue History

Alkemy'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 Alkemy Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:ALK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions)	Revenue	Net Income *	G+A Expenses
2019-06-30	81.55	3.60	0.58
2019-03-31	74.55	3.42	0.65
2018-12-31	67.56	3.25	0.72
2018-09-30	56.04	2.70	0.28
2018-06-30	47.86	1.75	0.27
2018-03-31	44.54	1.56	0.34
2017-12-31	41.22	1.38	0.41
2017-09-30	41.24	1.19	1.06
2017-06-30	39.18	1.21	0.97
2017-03-31	37.00	1.15	1.01
2016-12-31	34.83	1.08	1.06
2015-12-31	28.84	0.91	0.49
2014-12-31	17.59	0.08	0.21

*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.

Alkemy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Alkemy used its assets less efficiently than the IT Professional Services industry average last year based on Return on Assets.
Alkemy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Past performance checks

We assess Alkemy's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Alkemy has a total score of 3/6, 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 Alkemy'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 Alkemy's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Alkemy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Alkemy's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of Alkemy'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 5.8x 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 Alkemy Company Filings, last reported 7 months ago.

BIT:ALK Past Debt and Equity Data
Date (Data in EUR Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2019-06-30	34.47	8.93	13.38
2019-03-31	34.47	8.93	13.38
2018-12-31	34.91	20.81	10.18
2018-09-30	34.91	20.81	10.18
2018-06-30	33.47	2.57	16.62
2018-03-31	33.47	2.57	16.62
2017-12-31	31.02	10.88	23.45
2017-09-30	33.26	3.47	23.56
2017-06-30	11.96	2.86	3.08
2017-03-31	11.96	2.86	3.08
2016-12-31	11.57	3.11	2.91
2015-12-31	9.88	1.41	3.35
2014-12-31	5.76	0.00	2.11

Alkemy's level of debt (25.9%) compared to net worth is satisfactory (less than 40%).
Unable to establish if Alkemy's debt level has increased without past 5-year debt data.
Operating cash flow is negative therefore debt is not well covered.
Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).

Show me more healthy companies in the Professional Services industry

Financial health checks

We assess Alkemy's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
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 Alkemy'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

Current annual income from Alkemy dividends.

If you bought €2,000 of Alkemy 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 Alkemy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Alkemy'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

BIT:ALK 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
Europe Professional Services Industry Average Dividend Yield	Market Cap Weighted Average of 76 Stocks	2.4%
Italy Market Average Dividend Yield	Market Cap Weighted Average of 174 Stocks	4%
Italy Minimum Threshold Dividend Yield	10th Percentile	1%
Italy Bottom 25% Dividend Yield	25th Percentile	1.9%
Italy Top 25% Dividend Yield	75th Percentile	4.3%

Industry and Market average data is calculated daily.

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

BIT:ALK Future Dividends Estimate Data
Date (Data in €)	Dividend per Share (annual)	Avg. No. Analysts
2021-12-31
2020-12-31
2020-02-17
2019-12-31

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

Unable to perform a dividend volatility check as Alkemy has not reported any payouts.
Unable to verify if Alkemy's dividend has been increasing as the company has not reported any payouts.

Current Payout to shareholders

What portion of Alkemy's earnings are paid to the shareholders as a dividend.

Unable to calculate sustainability of dividends as Alkemy 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.

Income/ dividend checks

We assess Alkemy's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can Alkemy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

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

Management

What is the CEO of Alkemy'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

Duccio Vitali

AGE

CEO Bio

Mr. Duccio Vitali serves as the Chief Executive Officer at Alkemy Srl. Mr. Vitali has 4 years as General Manager of an Internet start-up and 7 years as Partner in Bain & Co. in Milan, Dallas and Dubai. He serves as a Director at Alkemy Srl. Mr. Vitali holds Degree in Engineering and MBA at Bocconi Univerisity.

CEO Compensation

Insufficient data for Duccio to compare compensation growth.
Insufficient data for Duccio to establish whether their remuneration is reasonable compared to companies of similar size in Italy.

58

Who owns this company?

Recent Insider Trading

More shares have been bought than sold by Alkemy individual insiders in the past 3 months, but not in substantial volumes.

Show me more companies with insider buying in the Professional Services industry

Recent Insider Transactions

Announced	Type	Name	Entity	Role		Start	End	Shares	Max Price (€)	Value (€)
23. Dec 19	Buy	Duccio Vitali	Individual			19. Dec 19	19. Dec 19	4,855	€8.98	€42,985

Management checks

We assess Alkemy's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

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

Why Alkemy S.p.A.’s (BIT:ALK) Return On Capital Employed Might Be A Concern

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.