PIAGGIO & C. S.P.A. (PIA.MI) Stock Fundamental Analysis
Europe - BIT:PIA - IT0003073266 - Common Stock
2.026 EUR
0 (0%)
Overall PIA gets a fundamental rating of 4 out of 10. We evaluated PIA against 31 industry peers in the Automobiles industry. While PIA belongs to the best of the industry regarding profitability, there are concerns on its financial health. PIA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PIA had positive earnings in the past year.
In the past year PIA had a positive cash flow from operations.
Each year in the past 5 years PIA has been profitable.
Each year in the past 5 years PIA had a positive operating cash flow.
1.2 Ratios
PIA has a better Return On Assets (2.34%) than 70.97% of its industry peers.
PIA's Return On Equity of 11.04% is amongst the best of the industry. PIA outperforms 83.87% of its industry peers.
PIA's Return On Invested Capital of 6.98% is amongst the best of the industry. PIA outperforms 80.65% of its industry peers.
PIA had an Average Return On Invested Capital over the past 3 years of 10.61%. This is above the industry average of 6.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.34% | ||
| ROE | 11.04% | ||
| ROIC | 6.98% |
ROA(3y)4.26%
ROA(5y)3.59%
ROE(3y)19.42%
ROE(5y)16.31%
ROIC(3y)10.61%
ROIC(5y)8.94%
1.3 Margins
PIA has a Profit Margin (2.89%) which is comparable to the rest of the industry.
PIA's Profit Margin has improved in the last couple of years.
PIA's Operating Margin of 7.30% is amongst the best of the industry. PIA outperforms 80.65% of its industry peers.
In the last couple of years the Operating Margin of PIA has grown nicely.
The Gross Margin of PIA (38.05%) is better than 90.32% of its industry peers.
PIA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.3% | ||
| PM (TTM) | 2.89% | ||
| GM | 38.05% |
OM growth 3Y8.22%
OM growth 5Y3.57%
PM growth 3Y3.16%
PM growth 5Y5.16%
GM growth 3Y1.33%
GM growth 5Y-0.36%
2. Health
2.1 Basic Checks
PIA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for PIA remains at a similar level compared to 1 year ago.
PIA has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, PIA has a worse debt to assets ratio.
2.2 Solvency
PIA has an Altman-Z score of 1.31. This is a bad value and indicates that PIA is not financially healthy and even has some risk of bankruptcy.
PIA's Altman-Z score of 1.31 is in line compared to the rest of the industry. PIA outperforms 51.61% of its industry peers.
PIA has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
PIA's Debt to Equity ratio of 1.56 is on the low side compared to the rest of the industry. PIA is outperformed by 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.31 |
ROIC/WACC0.98
WACC7.16%
2.3 Liquidity
A Current Ratio of 0.78 indicates that PIA may have some problems paying its short term obligations.
With a Current ratio value of 0.78, PIA is not doing good in the industry: 90.32% of the companies in the same industry are doing better.
PIA has a Quick Ratio of 0.78. This is a bad value and indicates that PIA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of PIA (0.40) is worse than 87.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
The earnings per share for PIA have decreased strongly by -42.09% in the last year.
Measured over the past 5 years, PIA shows a small growth in Earnings Per Share. The EPS has been growing by 7.71% on average per year.
PIA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.75%.
PIA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.26% yearly.
EPS 1Y (TTM)-42.09%
EPS 3Y4.11%
EPS 5Y7.71%
EPS Q2Q%-35.7%
Revenue 1Y (TTM)-13.75%
Revenue growth 3Y0.65%
Revenue growth 5Y2.26%
Sales Q2Q%-14.29%
3.2 Future
PIA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.64% yearly.
PIA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.04% yearly.
EPS Next Y-15.27%
EPS Next 2Y1.98%
EPS Next 3Y5.64%
EPS Next 5YN/A
Revenue Next Year-4.68%
Revenue Next 2Y-0.26%
Revenue Next 3Y0.97%
Revenue Next 5Y8.04%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.58, PIA is valued correctly.
61.29% of the companies in the same industry are more expensive than PIA, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.43. PIA is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 10.24, which indicates a very decent valuation of PIA.
PIA's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.87, PIA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.58 | ||
| Fwd PE | 10.24 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PIA indicates a somewhat cheap valuation: PIA is cheaper than 74.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.41 |
4.3 Compensation for Growth
The excellent profitability rating of PIA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.02
EPS Next 2Y1.98%
EPS Next 3Y5.64%
5. Dividend
5.1 Amount
PIA has a Yearly Dividend Yield of 7.83%, which is a nice return.
Compared to an average industry Dividend Yield of 6.06, PIA pays a better dividend. On top of this PIA pays more dividend than 80.65% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, PIA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.83% |
5.2 History
On average, the dividend of PIA grows each year by 6.13%, which is quite nice.
Dividend Growth(5Y)6.13%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PIA pays out 121.22% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PIA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP121.22%
EPS Next 2Y1.98%
EPS Next 3Y5.64%
BIT:PIA (9/12/2025, 2:51:49 PM)
2.026
0 (0%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners14.08%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap718.48M
Analysts72.73
Price Target2.35 (15.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.83% |
Yearly Dividend0.2
Dividend Growth(5Y)6.13%
DP121.22%
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)-0.31%
PT rev (3m)-0.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-21.91%
EPS NY rev (3m)-21.91%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)-5.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.58 | ||
| Fwd PE | 10.24 | ||
| P/S | 0.46 | ||
| P/FCF | N/A | ||
| P/OCF | 6.73 | ||
| P/B | 1.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.41 |
EPS(TTM)0.13
EY6.42%
EPS(NY)0.2
Fwd EY9.76%
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)0.3
OCFY14.85%
SpS4.41
BVpS1.16
TBVpS-1.07
PEG (NY)N/A
PEG (5Y)2.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.34% | ||
| ROE | 11.04% | ||
| ROCE | 11.34% | ||
| ROIC | 6.98% | ||
| ROICexc | 8.28% | ||
| ROICexgc | 51.5% | ||
| OM | 7.3% | ||
| PM (TTM) | 2.89% | ||
| GM | 38.05% | ||
| FCFM | N/A |
ROA(3y)4.26%
ROA(5y)3.59%
ROE(3y)19.42%
ROE(5y)16.31%
ROIC(3y)10.61%
ROIC(5y)8.94%
ROICexc(3y)13.11%
ROICexc(5y)11.28%
ROICexgc(3y)153.51%
ROICexgc(5y)159.7%
ROCE(3y)16.26%
ROCE(5y)13.63%
ROICexcg growth 3Y-20.64%
ROICexcg growth 5Y3.95%
ROICexc growth 3Y1.94%
ROICexc growth 5Y2.81%
OM growth 3Y8.22%
OM growth 5Y3.57%
PM growth 3Y3.16%
PM growth 5Y5.16%
GM growth 3Y1.33%
GM growth 5Y-0.36%
F-ScoreN/A
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.46 | ||
| Cap/Depr | 124.38% | ||
| Cap/Sales | 11.6% | ||
| Interest Coverage | 2.7 | ||
| Cash Conversion | 41.04% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.31 |
F-ScoreN/A
WACC7.16%
ROIC/WACC0.98
Cap/Depr(3y)118.47%
Cap/Depr(5y)120.04%
Cap/Sales(3y)8.74%
Cap/Sales(5y)9.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42.09%
EPS 3Y4.11%
EPS 5Y7.71%
EPS Q2Q%-35.7%
EPS Next Y-15.27%
EPS Next 2Y1.98%
EPS Next 3Y5.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.75%
Revenue growth 3Y0.65%
Revenue growth 5Y2.26%
Sales Q2Q%-14.29%
Revenue Next Year-4.68%
Revenue Next 2Y-0.26%
Revenue Next 3Y0.97%
Revenue Next 5Y8.04%
EBIT growth 1Y-31.97%
EBIT growth 3Y8.92%
EBIT growth 5Y5.91%
EBIT Next Year83.78%
EBIT Next 3Y26.22%
EBIT Next 5YN/A
FCF growth 1Y-181.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-53.74%
OCF growth 3Y-14%
OCF growth 5Y-7.75%