Risk factor
Very vulnerable to price shocks
Profitability factor
Greatly undervalued vs peers
About
Sogefi S.p.A. is a global leader in the automotive sector, specializing in the design, development, and manufacturing of diverse components such as filtration systems, suspension parts, air management technologies, and engine cooling solutions. The company's operations are strategically organized across three key business units: Air & Cooling, Suspensions, and Filtration. Within the Air & Cooling division, Sogefi delivers vital components including intake manifold systems, charged air ducts, air induction systems, thermostat housings and ducts, and coolant pumps and modules. Its Filtration segment supplies original equipment manufacturers (OEMs) with comprehensive solutions like oil, petrol fuel, diesel fuel, and air filtration systems, in addition to cam covers and oil separators. Catering to the automotive aftermarket, the company also provides a wide array of replacement filters for oil, air, fuel, and cabins. Furthermore, the Suspensions segment engineers and produces critical suspension elements such as coil springs, stabilizer bars, leaf springs, and precision springs. These are integral to a broad spectrum of vehicles, ranging from passenger cars and light-duty commercial vehicles to heavy-duty trucks, earth-moving machinery, and railway rolling stock. Sogefi S.p.A. markets its extensive product portfolio under well-known brands including Allevard Rejna, Coopers Fiaam, FRAM, LP-DN, Purflux, Sogefi PRO, Tecnocar, and United Springs. Established in 1980, the company maintains its headquarters in Milan, Italy, and operates as a subsidiary of CIR S.p.A. - Compagnie Industriali Riunite.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT