ZIGNAGO VETRO SPA (ZV.MI) Stock Fundamental Analysis
BIT:ZV - Euronext Milan - IT0004171440 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to ZV. ZV was compared to 14 industry peers in the Containers & Packaging industry. While ZV has a great profitability rating, there are some minor concerns on its financial health. ZV is valued quite cheap, but it does not seem to be growing. These ratings would make ZV suitable for value investing!
1. Profitability
1.1 Basic Checks
ZV had positive earnings in the past year.
ZV had a positive operating cash flow in the past year.
Each year in the past 5 years ZV has been profitable.
ZV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ZV has a Return On Assets of 9.22%. This is amongst the best in the industry. ZV outperforms 100.00% of its industry peers.
The Return On Equity of ZV (18.80%) is better than 92.86% of its industry peers.
ZV has a Return On Invested Capital of 8.81%. This is in the better half of the industry: ZV outperforms 71.43% of its industry peers.
ZV had an Average Return On Invested Capital over the past 3 years of 10.04%. This is above the industry average of 6.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.22% | ||
| ROE | 18.8% | ||
| ROIC | 8.81% |
ROA(3y)10.93%
ROA(5y)9.9%
ROE(3y)24.24%
ROE(5y)23.11%
ROIC(3y)10.04%
ROIC(5y)9.2%
1.3 Margins
With an excellent Profit Margin value of 10.17%, ZV belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
ZV's Profit Margin has declined in the last couple of years.
ZV has a Operating Margin (8.23%) which is comparable to the rest of the industry.
ZV's Operating Margin has declined in the last couple of years.
ZV has a Gross Margin of 76.57%. This is amongst the best in the industry. ZV outperforms 100.00% of its industry peers.
ZV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.23% | ||
| PM (TTM) | 10.17% | ||
| GM | 76.57% |
OM growth 3Y-14.83%
OM growth 5Y-9.57%
PM growth 3Y-11.67%
PM growth 5Y-6.98%
GM growth 3Y-0.37%
GM growth 5Y-1.2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ZV is creating some value.
The number of shares outstanding for ZV has been reduced compared to 1 year ago.
ZV has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ZV is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.16 indicates that ZV is not in any danger for bankruptcy at the moment.
The Altman-Z score of ZV (3.16) is better than 78.57% of its industry peers.
ZV has a debt to FCF ratio of 4.05. This is a neutral value as ZV would need 4.05 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.05, ZV is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
ZV has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
ZV has a better Debt to Equity ratio (0.46) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 4.05 | ||
| Altman-Z | 3.16 |
ROIC/WACC0.97
WACC9.13%
2.3 Liquidity
A Current Ratio of 1.66 indicates that ZV should not have too much problems paying its short term obligations.
The Current ratio of ZV (1.66) is comparable to the rest of the industry.
A Quick Ratio of 0.88 indicates that ZV may have some problems paying its short term obligations.
ZV has a Quick ratio (0.88) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
ZV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -61.88%.
The Earnings Per Share has been decreasing by -0.62% on average over the past years.
ZV shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.70%.
Measured over the past years, ZV shows a small growth in Revenue. The Revenue has been growing by 7.02% on average per year.
EPS 1Y (TTM)-61.88%
EPS 3Y-5.02%
EPS 5Y-0.62%
EPS Q2Q%-90.23%
Revenue 1Y (TTM)-10.7%
Revenue growth 3Y7.84%
Revenue growth 5Y7.02%
Sales Q2Q%-4.4%
3.2 Future
ZV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.64% yearly.
Based on estimates for the next years, ZV will show a small growth in Revenue. The Revenue will grow by 1.59% on average per year.
EPS Next Y19.88%
EPS Next 2Y19.99%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue Next Year0.74%
Revenue Next 2Y2.78%
Revenue Next 3Y1.59%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.80, which indicates a correct valuation of ZV.
ZV's Price/Earnings ratio is rather cheap when compared to the industry. ZV is cheaper than 92.86% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.21. ZV is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.45 indicates a reasonable valuation of ZV.
ZV's Price/Forward Earnings ratio is rather cheap when compared to the industry. ZV is cheaper than 85.71% of the companies in the same industry.
ZV is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 10.45 |
4.2 Price Multiples
ZV's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ZV indicates a rather cheap valuation: ZV is cheaper than 85.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.19 | ||
| EV/EBITDA | 8.39 |
4.3 Compensation for Growth
ZV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ZV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.64
PEG (5Y)N/A
EPS Next 2Y19.99%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.42%, ZV is a good candidate for dividend investing.
ZV's Dividend Yield is rather good when compared to the industry average which is at 4.31. ZV pays more dividend than 85.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, ZV pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.42% |
5.2 History
The dividend of ZV is nicely growing with an annual growth rate of 15.85%!
Dividend Growth(5Y)15.85%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
95.33% of the earnings are spent on dividend by ZV. This is not a sustainable payout ratio.
ZV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP95.33%
EPS Next 2Y19.99%
EPS Next 3Y11.64%
BIT:ZV (7/2/2025, 3:27:48 PM)
8.575
+0.29 (+3.44%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners10.96%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap765.92M
Analysts80
Price Target10.81 (26.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.42% |
Yearly Dividend0.75
Dividend Growth(5Y)15.85%
DP95.33%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-11.11%
PT rev (3m)-14.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-11.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 10.45 | ||
| P/S | 1.12 | ||
| P/FCF | 12.19 | ||
| P/OCF | 6.96 | ||
| P/B | 2.07 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 8.39 |
EPS(TTM)0.67
EY7.81%
EPS(NY)0.82
Fwd EY9.57%
FCF(TTM)0.7
FCFY8.21%
OCF(TTM)1.23
OCFY14.37%
SpS7.66
BVpS4.15
TBVpS4.1
PEG (NY)0.64
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.22% | ||
| ROE | 18.8% | ||
| ROCE | 10.29% | ||
| ROIC | 8.81% | ||
| ROICexc | 9.72% | ||
| ROICexgc | 9.81% | ||
| OM | 8.23% | ||
| PM (TTM) | 10.17% | ||
| GM | 76.57% | ||
| FCFM | 9.18% |
ROA(3y)10.93%
ROA(5y)9.9%
ROE(3y)24.24%
ROE(5y)23.11%
ROIC(3y)10.04%
ROIC(5y)9.2%
ROICexc(3y)11.7%
ROICexc(5y)11.01%
ROICexgc(3y)11.81%
ROICexgc(5y)11.14%
ROCE(3y)11.71%
ROCE(5y)10.67%
ROICexcg growth 3Y-18.73%
ROICexcg growth 5Y-12.27%
ROICexc growth 3Y-18.56%
ROICexc growth 5Y-12.13%
OM growth 3Y-14.83%
OM growth 5Y-9.57%
PM growth 3Y-11.67%
PM growth 5Y-6.98%
GM growth 3Y-0.37%
GM growth 5Y-1.2%
F-Score5
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 4.05 | ||
| Debt/EBITDA | 1.55 | ||
| Cap/Depr | 86.78% | ||
| Cap/Sales | 6.9% | ||
| Interest Coverage | 1.62 | ||
| Cash Conversion | 99.41% | ||
| Profit Quality | 90.28% | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 3.16 |
F-Score5
WACC9.13%
ROIC/WACC0.97
Cap/Depr(3y)101.53%
Cap/Depr(5y)111.72%
Cap/Sales(3y)11.04%
Cap/Sales(5y)12.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-61.88%
EPS 3Y-5.02%
EPS 5Y-0.62%
EPS Q2Q%-90.23%
EPS Next Y19.88%
EPS Next 2Y19.99%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.7%
Revenue growth 3Y7.84%
Revenue growth 5Y7.02%
Sales Q2Q%-4.4%
Revenue Next Year0.74%
Revenue Next 2Y2.78%
Revenue Next 3Y1.59%
Revenue Next 5YN/A
EBIT growth 1Y-62.41%
EBIT growth 3Y-8.15%
EBIT growth 5Y-3.22%
EBIT Next Year69.41%
EBIT Next 3Y35.73%
EBIT Next 5YN/A
FCF growth 1Y-44.8%
FCF growth 3Y28.3%
FCF growth 5Y99.96%
OCF growth 1Y-27.89%
OCF growth 3Y2.14%
OCF growth 5Y10.82%