ScoreWhy is IRCE SpA ?
1
Poor Management Efficiency with a low ROCE of 6.05%
- The company has been able to generate a Return on Capital Employed (avg) of 6.05% signifying low profitability per unit of total capital (equity and debt)
2
With ROE of 3.77%, it has a Fair valuation with a 0.41 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -1.87%, its profits have fallen by -29.2%
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -1.87% returns in the last 1 year, the stock has also underperformed Italy FTSE MIB in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to IRCE SpA should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is IRCE SpA for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
IRCE SpA
-0.47%
-0.94
23.93%
Italy FTSE MIB
24.83%
1.34
19.25%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
6.34%
EBIT Growth (5y)
59.31%
EBIT to Interest (avg)
3.80
Debt to EBITDA (avg)
2.70
Net Debt to Equity (avg)
0.43
Sales to Capital Employed (avg)
2.06
Tax Ratio
47.04%
Dividend Payout Ratio
23.02%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
6.05%
ROE (avg)
4.90%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
11
Industry P/E
Price to Book Value
0.41
EV to EBIT
9.76
EV to EBITDA
6.68
EV to Capital Employed
0.58
EV to Sales
0.32
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
5.99%
ROE (Latest)
3.77%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
Bearish
No Trend
OBV
No Trend
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend
Not enough Data to analyse Financial Trend
Not enough Data to analyse Financial Trend
Here's what is working for IRCE SpA
Operating Cash Flow - Annually
Highest at EUR 50.99 MM and Grown
each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (EUR MM)
Cash and Cash Equivalents - Half Yearly
Highest at EUR 14.17 MM
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents (EUR MM)
Inventory Turnover Ratio- Half Yearly
Highest at 4.26 times
in the last five half yearly periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Here's what is not working for IRCE SpA
Net Sales - Quarterly
At EUR 91 MM has Fallen at -8.4 %
over average Net Sales of the previous four periods of EUR 100 MMMOJO Watch
Near term sales trend is negative
Net Sales (EUR MM)
Operating Profit (PBDIT) - Quarterly
Lowest at EUR -11 MM.
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (EUR MM)
Operating Profit Margin - Quarterly
Lowest at -11.54%
in the last five quartersMOJO Watch
Company's efficiency has deteriorated
Operating Profit to Sales (EUR MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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