Are Investors Undervaluing Abitare In S.p.A. (BIT:ABT) By 33%?
May 11
Italian (Borsa Italiana) Consumer Durables Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies13
- 7D-5.2%
- 3M10.0%
- 1Y34.5%
- YTD1.6%
Over the last 7 days, the Consumer Durables industry has dropped 5.2%, driven by De'Longhi declining 6.7%. In contrast, Sabaf has gained 9.2%. Over the past 12 months, the industry was up 34%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Italian Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €6.2b | €5.5b | €382.6m | 15x | 16.2x | 1.1x |
| Tue, 16 Apr 2024 | €7.7b | €8.6b | €563.9m | 13.4x | 13.6x | 0.9x |
| Thu, 14 Mar 2024 | €8.5b | €8.6b | €568.6m | 11.7x | 14.9x | 1x |
| Sat, 10 Feb 2024 | €7.7b | €8.2b | €489.1m | 11.5x | 15.8x | 0.9x |
| Mon, 08 Jan 2024 | €8.2b | €8.2b | €490.9m | 12.4x | 16.7x | 1x |
| Wed, 06 Dec 2023 | €7.6b | €8.2b | €491.6m | 11.1x | 15.5x | 0.9x |
| Fri, 03 Nov 2023 | €6.5b | €8.1b | €464.4m | 10.1x | 14.1x | 0.8x |
| Sun, 01 Oct 2023 | €6.7b | €8.1b | €459.5m | 11.7x | 14.5x | 0.8x |
| Tue, 29 Aug 2023 | €7.6b | €8.1b | €464.7m | 13.9x | 16.4x | 0.9x |
| Thu, 27 Jul 2023 | €7.6b | €7.7b | €416.4m | 12.2x | 18.3x | 1x |
| Sat, 24 Jun 2023 | €7.8b | €7.7b | €421.5m | 11.6x | 18.6x | 1x |
| Mon, 22 May 2023 | €8.3b | €7.4b | €406.2m | 15.5x | 20.5x | 1.1x |
| Wed, 19 Apr 2023 | €8.1b | €7.5b | €433.2m | 12.7x | 18.8x | 1.1x |
| Fri, 17 Mar 2023 | €7.9b | €7.5b | €427.0m | 15.7x | 18.4x | 1x |
| Sun, 12 Feb 2023 | €7.9b | €7.4b | €406.8m | 15.1x | 19.3x | 1.1x |
| Tue, 10 Jan 2023 | €8.1b | €7.4b | €406.8m | 14.5x | 20x | 1.1x |
| Thu, 08 Dec 2022 | €7.5b | €7.4b | €408.9m | 15.2x | 18.3x | 1x |
| Sat, 05 Nov 2022 | €6.4b | €7.4b | €447.1m | 12.7x | 14.3x | 0.9x |
| Mon, 03 Oct 2022 | €6.2b | €7.4b | €449.9m | 10.7x | 13.8x | 0.8x |
| Wed, 31 Aug 2022 | €6.3b | €7.4b | €457.9m | 11.8x | 13.8x | 0.9x |
| Fri, 29 Jul 2022 | €6.4b | €7.2b | €549.3m | 12.4x | 11.6x | 0.9x |
| Sun, 26 Jun 2022 | €6.5b | €7.2b | €549.3m | 12.2x | 11.8x | 0.9x |
| Tue, 24 May 2022 | €7.8b | €7.2b | €555.1m | 11.8x | 14.1x | 1.1x |
| Thu, 21 Apr 2022 | €8.1b | €7.1b | €571.0m | 11.4x | 14.3x | 1.2x |
| Sat, 19 Mar 2022 | €8.4b | €7.1b | €566.0m | 11.2x | 14.9x | 1.2x |
| Mon, 14 Feb 2022 | €9.3b | €6.8b | €625.0m | 15.4x | 14.9x | 1.4x |
| Wed, 12 Jan 2022 | €9.4b | €6.8b | €633.3m | 15.4x | 14.8x | 1.4x |
| Fri, 10 Dec 2021 | €9.4b | €4.9b | €469.1m | 13.4x | 20.1x | 1.9x |
| Sun, 07 Nov 2021 | €6.7b | €4.7b | €460.5m | 15.2x | 14.6x | 1.4x |
| Tue, 05 Oct 2021 | €6.1b | €4.7b | €457.3m | 14.1x | 13.4x | 1.3x |
| Thu, 02 Sep 2021 | €7.4b | €4.6b | €438.2m | 17.6x | 16.8x | 1.6x |
| Sat, 31 Jul 2021 | €6.9b | €4.6b | €438.2m | 16.5x | 15.9x | 1.5x |
Price to Earnings Ratio
20x
Current Industry PE
- Investors are relatively neutral on the Italian Consumer Durables industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 15.9x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have grown 3.7% per year over the last three years.
- Revenues for these companies have grown 9.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Consumer Discretionary industry?
| IT Market | 1.67% | |
| Consumer Discretionary | 1.23% | |
| Consumer Durables | -5.17% | |
| Homebuilding | 1.12% | |
| Consumer Electronics | 0.76% | |
| Housewares and Specialties | -4.02% | |
| Household Appliances | -5.61% | |
| Home Furnishings | -6.49% | |
Industry PE
- Investors are most optimistic about the Household Appliances industry which is trading above its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings growth of 11.9%, which is higher than its past year's earnings decline of 13.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Household Appliances industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Home Furnishings industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SAB Sabaf | €19.05 | 9.2% +€19.9m | 20.1% | PE29x | |
| PWS Powersoft | €16.40 | 0.6% +€2.1m | 152.3% | PE16.3x | |
| BEC B&C Speakers | €16.50 | 0.9% +€1.6m | 13.8% | PE13.7x | |
| ABT Abitare In | €4.50 | 1.1% +€1.3m | -15.4% | PE4.7x | |
| INDB Indel B | €22.60 | 0.9% +€1.1m | -7.4% | PE12.2x |
