Here we go with our last production of 2014, take it as a small Christmas present.

We are proud to publish a full equity research report on an established Italian company, mainly known for its waterproof breathable shoes: GEOX.

In order to analyse and evaluate the company, we have considered its most recent financial results and its new business plan – if the past performance is clearly dark, the future looks promising for Geox. Indeed, after a period of turmoil, Geox management proposed an ambitious three-year Business plan in November 2013 and the management has hit its targets for Q3 2014.

We have run a detailed DCF model and triangulated the resulting share price with the main trading multiples of competitors. Going forward, we believe that the plan will be fulfilled. Thus, our analysis brings us to an undervalued company with a nice, though limited, upside potential.

[edmc id=2351]Click Here to download the Full Report[/edmc]


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