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MARR

BIT:MARR
Snowflake Description

6 star dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MARR
BIT
€814M
Market Cap
  1. Home
  2. IT
  3. Consumer Retailing
Company description

MARR S.p.A. commercializes and distributes fresh, dried, and frozen food products for foodservice operators in Italy, the European Union, and internationally. The last earnings update was 9 days ago. More info.


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  • MARR has significant price volatility in the past 3 months.
MARR Share Price and Events
7 Day Returns
-2.9%
BIT:MARR
2.3%
Europe Consumer Retailing
4%
IT Market
1 Year Returns
-40.1%
BIT:MARR
-6.6%
Europe Consumer Retailing
-22.7%
IT Market
MARR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MARR (MARR) -2.9% -15.1% -40.7% -40.1% -41.2% -28.3%
Europe Consumer Retailing 2.3% 1.9% -7% -6.6% -8.2% -19.7%
IT Market 4% -4.9% -26.8% -22.7% -18% -41.6%
1 Year Return vs Industry and Market
  • MARR underperformed the Consumer Retailing industry which returned -6.6% over the past year.
  • MARR underperformed the Market in Italy which returned -22.7% over the past year.
Price Volatility
MARR
Industry
5yr Volatility vs Market
Related Companies

MARR Value

 Is MARR 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 MARR 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 MARR.

BIT:MARR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
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:MARR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.2%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.393 (1 + (1- 24%) (48.16%))
0.69
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.21% + (0.8 * 8.23%)
7.79%

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

The calculations below outline how an intrinsic value for MARR 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:MARR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.79%)
2020 85.30 Analyst x2 79.13
2021 40.08 Analyst x4 34.49
2022 60.20 Analyst x1 48.06
2023 55.39 Est @ -7.98% 41.03
2024 52.50 Est @ -5.22% 36.07
2025 50.77 Est @ -3.29% 32.36
2026 49.78 Est @ -1.94% 29.44
2027 49.29 Est @ -1% 27.04
2028 49.12 Est @ -0.34% 25.00
2029 49.19 Est @ 0.13% 23.22
Present value of next 10 years cash flows €375.00
BIT:MARR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €49.19 × (1 + 1.21%) ÷ (7.79% – 1.21%)
€756.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €756.09 ÷ (1 + 7.79%)10
€356.97
BIT:MARR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €375.00 + €356.97
€731.97
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €731.97 / 66.53
€11
BIT:MARR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €11.00
Current discount Discount to share price of €12.24
= -1 x (€12.24 - €11.00) / €11.00
-11.2%

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

  • The current share price of MARR 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 MARR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MARR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:MARR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.00
BIT:MARR Share Price ** BIT (2020-04-09) in EUR €12.24
Europe Consumer Retailing Industry PE Ratio Median Figure of 39 Publicly-Listed Consumer Retailing Companies 18.01x
Italy Market PE Ratio Median Figure of 248 Publicly-Listed Companies 13x

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

** Primary Listing of MARR.

BIT:MARR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 12.24 ÷ 1.00

12.22x

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

  • MARR is good value based on earnings compared to the Europe Consumer Retailing industry average.
  • MARR is good value based on earnings compared to the Italy market.
Price based on expected Growth
Does MARR's expected growth come at a high price?
Raw Data
BIT:MARR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-0.7%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 25 Publicly-Listed Consumer Retailing Companies 1.1x
Italy Market PEG Ratio Median Figure of 160 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

BIT:MARR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.22x ÷ -0.7%

-17.59x

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

  • MARR earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MARR's assets?
Raw Data
BIT:MARR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.11
BIT:MARR Share Price * BIT (2020-04-09) in EUR €12.24
Europe Consumer Retailing Industry PB Ratio Median Figure of 50 Publicly-Listed Consumer Retailing Companies 1.33x
Italy Market PB Ratio Median Figure of 322 Publicly-Listed Companies 1.21x
BIT:MARR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.24 ÷ 5.11

2.4x

* Primary Listing of MARR.

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

  • MARR is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess MARR's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. MARR has a total score of 2/6, 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.

MARR Future Performance

 How is MARR expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MARR expected to grow at an attractive rate?
  • MARR's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • MARR's earnings are expected to decrease over the next 1-3 years, this is below the Italy market average.
  • MARR's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:MARR Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:MARR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -0.7%
BIT:MARR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.8%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 18%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Italy Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Italy Market Revenue Growth Rate Market Cap Weighted Average -0.2%

*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:MARR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:MARR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,834 71 1
2021-12-31 1,682 50 60 2
2020-12-31 1,301 96 31 4
2020-04-09
BIT:MARR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,654 78 67
2019-09-30 1,641 87 67
2019-06-30 1,640 83 68
2019-03-31 1,627 78 68
2018-12-31 1,630 57 69
2018-09-30 1,617 76 68
2018-06-30 1,602 87 67
2018-03-31 1,597 84 66
2017-12-31 1,588 67 66
2017-09-30 1,561 56 62
2017-06-30 1,550 49 60
2017-03-31 1,527 64 59

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MARR's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • MARR's revenue is expected to grow by 1.8% 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:MARR 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 4 Analyst Estimates (S&P Global) See Below

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

BIT:MARR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.07 1.07 1.07 1.00
2021-12-31 0.91 0.95 0.86 3.00
2020-12-31 0.49 0.68 0.16 5.00
2020-04-09
BIT:MARR Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.00
2019-09-30 1.01
2019-06-30 1.02
2019-03-31 1.02
2018-12-31 1.03
2018-09-30 1.02
2018-06-30 1.00
2018-03-31 1.00
2017-12-31 0.98
2017-09-30 0.94
2017-06-30 0.91
2017-03-31 0.89

*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.
  • MARR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MARR'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
MARR 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.

MARR Past Performance

  How has MARR 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 MARR's growth in the last year to its industry (Consumer Retailing).
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.
  • MARR's year on year earnings growth rate has been positive over the past 5 years.
  • MARR's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MARR's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Retailing industry average.
Earnings and Revenue History
MARR'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 MARR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:MARR 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 1,653.76 66.61 38.63
2019-09-30 1,640.89 67.33 41.26
2019-06-30 1,639.69 67.70 43.58
2019-03-31 1,626.82 67.63 45.69
2018-12-31 1,630.02 68.51 47.50
2018-09-30 1,617.30 67.83 47.36
2018-06-30 1,601.70 66.76 47.13
2018-03-31 1,597.10 66.21 47.11
2017-12-31 1,588.44 65.50 47.25
2017-09-30 1,560.97 62.47 48.01
2017-06-30 1,549.53 60.39 48.45
2017-03-31 1,527.36 59.07 48.64
2016-12-31 1,504.46 58.52 47.87
2016-09-30 1,492.21 59.15 46.39
2016-06-30 1,465.30 59.88 45.68
2016-03-31 1,450.32 59.04 44.99
2015-12-31 1,441.20 58.08 44.88
2015-09-30 1,438.98 56.44 44.78
2015-06-30 1,420.36 52.32 44.83
2015-03-31 1,411.06 51.29 44.96
2014-12-31 1,406.50 51.11 46.23
2014-09-30 1,394.02 50.72 46.28
2014-06-30 1,382.51 49.17 47.78
2014-03-31 1,356.49 47.17 49.93
2013-12-31 1,333.27 46.74 50.12
2013-09-30 1,305.41 48.23 50.56
2013-06-30 1,259.90 47.60 49.04

*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.
  • MARR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MARR used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • MARR has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MARR's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing 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.
MARR 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.

MARR Health

 How is MARR'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 MARR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MARR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MARR's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MARR's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x 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 MARR Company Filings, last reported 3 months ago.

BIT:MARR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 339.80 345.41 192.49
2019-09-30 328.23 372.53 242.14
2019-06-30 300.74 362.67 206.08
2019-03-31 331.08 327.36 152.71
2018-12-31 324.27 337.44 178.41
2018-09-30 311.26 352.81 204.13
2018-06-30 283.71 337.15 163.53
2018-03-31 311.73 344.32 156.77
2017-12-31 304.73 315.14 156.29
2017-09-30 293.14 322.52 153.54
2017-06-30 267.63 340.82 129.03
2017-03-31 292.48 321.90 92.00
2016-12-31 285.57 294.45 114.16
2016-09-30 277.65 307.27 134.51
2016-06-30 253.70 281.10 76.93
2016-03-31 277.71 257.32 67.12
2015-12-31 271.83 258.41 89.86
2015-09-30 262.73 287.66 132.54
2015-06-30 237.18 268.80 93.51
2015-03-31 259.96 272.39 66.27
2014-12-31 254.28 219.64 37.53
2014-09-30 246.91 234.63 62.35
2014-06-30 226.20 269.88 60.59
2014-03-31 247.75 249.28 30.77
2013-12-31 244.14 232.29 32.82
2013-09-30 229.58 241.95 46.44
2013-06-30 210.93 241.68 48.16
  • MARR's level of debt (101.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (86.6% vs 101.7% today).
  • Debt is well covered by operating cash flow (22.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.2x coverage).
X
Financial health checks
We assess MARR'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. MARR 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.

MARR Dividends

 What is MARR'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
6.54%
Current annual income from MARR dividends. Estimated to be 5.39% next year.
If you bought €2,000 of MARR shares you are expected to receive €131 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?
  • MARR's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.2%).
  • MARR's dividend is above the markets top 25% of dividend payers in Italy (5.56%).
Upcoming dividend payment

Purchase MARR 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
BIT:MARR 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 4 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 3.9%
Italy Market Average Dividend Yield Market Cap Weighted Average of 164 Stocks 5.1%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.3%
Italy Bottom 25% Dividend Yield 25th Percentile 2.2%
Italy Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

BIT:MARR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.84 1.00
2021-12-31 0.75 3.00
2020-12-31 0.55 4.00
2020-04-09
BIT:MARR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-13 0.800 6.088
2019-03-28 0.780 3.949
2019-03-12 0.780 3.795
2018-04-03 0.740 3.277
2018-03-14 0.740 3.072
2017-03-30 0.700 3.223
2016-05-12 0.660 3.715
2015-03-12 0.620 3.583
2014-04-02 0.580 4.292
2014-03-14 0.580 4.161
2013-03-14 0.580 5.563
2012-08-03 0.540 6.982
2012-03-01 0.540 6.886
2011-03-11 0.500 6.235
2010-03-08 0.460 6.192

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of MARR's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess MARR'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 MARR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MARR has a total score of 6/6, see the detailed checks below.


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

MARR Management

 What is the CEO of MARR'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 Ospitali
COMPENSATION €378,640
AGE 51
CEO Bio

Mr. Francesco Ospitali serves as the Chief Executive Officer of MARR SpA. Mr. Ospitali served as Controller of Cremonini S.p.A. Since 1998, Mr. Ospitali is responsible for management control of Cremonini S.p.A Since 2002, he concerned with all tax and auditing matters relative to the extraordinary M&A operations of the Cremonini Group. Mr. Ospitali began his professional career in 1993 in the administration department of Inalca S.p.A. In 1995, he transferred to Ca-Fin (today Cremonini S.p.A.) Holding of the Group, where he contributes to the development of the control function of management. Mr. Ospitali serves as an Executive Director of MARR SpA. Mr. Ospitali graduated in Economics and Commerce at the University of Bologna. Since 2006, he also sits on the Board of Directors of Chef Express of which he is also responsible today for management control.

CEO Compensation
  • Francesco's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Francesco's remuneration is lower than average for companies of similar size in Italy.
Management Team

Francesco Ospitali

TITLE
CEO & Executive Director
COMPENSATION
€379K
AGE
51

Pierpaolo Rossi

TITLE
Manager for Finance
COMPENSATION
€422K
AGE
56

Lucia Serra

TITLE
Director of Legal Affairs
COMPENSATION
€107K

Antonio Tiso

TITLE
Investor Relator
COMPENSATION
€161K

Marcello Elia

TITLE
Chairman of Supervisory Board
Board of Directors Tenure

Average tenure and age of the MARR board of directors in years:

2.9
Average Tenure
55
Average Age
  • The average tenure for the MARR board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paolo Ferrari

TITLE
Chairman of the Board
COMPENSATION
€49K
AGE
49
TENURE
4.4 yrs

Francesco Ospitali

TITLE
CEO & Executive Director
COMPENSATION
€379K
AGE
51

Pierpaolo Rossi

TITLE
Manager for Finance
COMPENSATION
€422K
AGE
56

Ugo Ravanelli

TITLE
Independent Director
COMPENSATION
€123K
AGE
64
TENURE
2.9 yrs

Marinella Monterumisi

TITLE
Independent Director
COMPENSATION
€39K

Massimo Gatto

TITLE
Chairman of the Board of Statutory Auditors
TENURE
2.9 yrs

Vincenzo Cremonini

TITLE
Non Executive Director
COMPENSATION
€20K
AGE
55

Claudia Cremonini

TITLE
Non Executive Director
COMPENSATION
€20K

Alessandro Nova

TITLE
Independent Director
TENURE
2.9 yrs

Rossella Schiavini

TITLE
Independent 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 MARR'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. MARR 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.

MARR News

Simply Wall St News

A Closer Look At MARR S.p.A.'s (BIT:MARR) Impressive ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows MARR has a return on equity of 22% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is MARR S.p.A. (BIT:MARR) A High Quality Stock To Own?

MARR has a ROE of 22%, based on the last twelve months. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.22 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Where MARR SpA (BIT:MARR) Stands In Terms Of Earnings Growth Against Its Industry

Today I will assess MARR's recent performance announced on 30 June 2018 and compare these figures to its long-term trend and industry movements. … How MARR fared against its long-term earnings performance and its industry. … MARR's trailing twelve-month earnings (from 30 June 2018) of €67m has

Simply Wall St -

Why MARR SpA (BIT:MARR) Is A Top Dividend Stocks

MARR SpA (BIT:MARR) has pleased shareholders over the past 10 years, paying out an average dividend of 5.00% annually. … The stock currently pays out a dividend yield of 3.11%, and has a market cap of €1.58b. … Here's how I find good dividend stocks

Simply Wall St -

Did MARR SpA (BIT:MARR) Create Value For Shareholders?

and want to begin learning the link between company’s fundamentals and stock market performance. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … Peeling the layers of ROE – trisecting a company’s profitability

Simply Wall St -

Before Investing In MARR SpA (BIT:MARR), Consider This

I’ve analysed below, the health and outlook of MARR’s cash flow, which will help you understand the stock from a cash standpoint. … Free cash flow (FCF) is the amount of cash MARR has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations … There are two methods I will use to evaluate the quality of MARR’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability.

Simply Wall St -

What Do Expectations Tell Us About MARR SpA's (BIT:MARR) Margins In The Future?

growth of 5.45% annualised … over the couple of years ahead, … but it's necessary to take a moment

Simply Wall St -

How Does MARR SpA (BIT:MARR)’s Prospect Stack Up To Its Retail Peers?

operates in the retail industry. … Companies like Uber and Amazon have directly prompted the desire for this type of convenience, recognition, and efficiency at every touch point … Retail analysts are forecasting for the entire industry,

Simply Wall St -

Is MARR SpA (BIT:MARR) A Sell At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in MARR SpA (BIT:MARR). … MARR SpA (BIT:MARR) is trading with a trailing P/E of 22.7x, which is higher than the industry average of 19x. … While MARR might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Does MARR SpA's (BIT:MARR) PE Ratio Signal A Selling Opportunity?

This article will cover some key aspects we should consider in order to determine the best multiple to be used for. … Let's dive in.

Simply Wall St -

MARR Company Info

Description

MARR S.p.A. commercializes and distributes fresh, dried, and frozen food products for foodservice operators in Italy, the European Union, and internationally. It offers meat products, such as veal, beef, poultry, pork, mutton and lamb, game, and horse meat products; seafood products, including fresh and saltwater fish, lobsters and scampi, squids, calamari and molluscs, shrimps, fillets, sliced and pre-prepared items, tails and prawns, and cuttlefishes and frozen octopuses. The company also provides grocery products comprising biscuits and sweets, chocolates and candies, preserved products, vegetable preserves, ice cream and pastries, fruit jams, honey and spreads, oil and vinegar, prepared and floury products, rice, pasta, pizza, salt, spices, sugar, coffee, tea, tisanes, sauces and seasoning, fruits and vegetables, and gluten-free and organic products, as well as gastronomy services. In addition, it provides lard and shortening, milk, dairy products and cheese, cured meats, eggs and egg products, as well as specialty foodstuffs made from pork, beef, poultry and game; and beverages, liqueurs, and wines. Further, the company offers nonfood products, such as tablecloths and napkins, cleaning products and accessories, laundry products, and hygiene, dishwashing, handwashing, and disposable products; and table dishes, cutlery, glasses, induction pots and pans, knife sets, buffet assortment, and other kitchen products. Additionally, it offers various private label products. The company serves restaurants, pizzerias, hotels, holiday resorts, catering chains, canteens, bars, etc. It operates through a logistical-distribution network comprising 34 distribution centers, with 5 cash and carry stores, 4 agents with warehouses, and approximately 700 vehicles. The company was founded in 1972 and is headquartered in Rimini, Italy. MARR S.p.A. is a subsidiary of Cremonini S.p.A.

Details
Name: MARR S.p.A.
MARR
Exchange: BIT
Founded: 1972
€814,267,468
66,525,120
Website: http://www.marr.it
Address: MARR S.p.A.
Via Spagna 20,
Rimini,
Rimini, 47921,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT MARR Ordinary Shares Borsa Italiana IT EUR 21. Jun 2005
DB M6Z Ordinary Shares Deutsche Boerse AG DE EUR 21. Jun 2005
LSE 0NSS Ordinary Shares London Stock Exchange GB EUR 21. Jun 2005
BATS-CHIXE MARRM Ordinary Shares BATS 'Chi-X Europe' GB EUR 21. Jun 2005
Number of employees
Current staff
Staff numbers
856
MARR employees.
Industry
Food Distributors
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:47
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/09
Last earnings filing: 2020/03/31
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.