PIAGGIO & C. S.P.A. (PIA.MI) Fundamental Analysis & Valuation

BIT:PIA • IT0003073266

Current stock price

1.501 EUR
+0.03 (+2.25%)
Last:

This PIA.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. PIA.MI Profitability Analysis

1.1 Basic Checks

  • In the past year PIA was profitable.
  • In the past year PIA had a positive cash flow from operations.
  • PIA had positive earnings in each of the past 5 years.
  • In the past 5 years PIA always reported a positive cash flow from operatings.
PIA.MI Yearly Net Income VS EBIT VS OCF VS FCFPIA.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M

1.2 Ratios

  • The Return On Assets of PIA (2.01%) is comparable to the rest of the industry.
  • PIA has a better Return On Equity (9.29%) than 87.50% of its industry peers.
  • The Return On Invested Capital of PIA (6.52%) is better than 78.13% of its industry peers.
Industry RankSector Rank
ROA 2.01%
ROE 9.29%
ROIC 6.52%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
PIA.MI Yearly ROA, ROE, ROICPIA.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • PIA has a Profit Margin of 2.37%. This is comparable to the rest of the industry: PIA outperforms 59.38% of its industry peers.
  • PIA's Profit Margin has been stable in the last couple of years.
  • PIA has a Operating Margin of 6.69%. This is in the better half of the industry: PIA outperforms 78.13% of its industry peers.
  • PIA's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 38.34%, PIA belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
  • In the last couple of years the Gross Margin of PIA has remained more or less at the same level.
Industry RankSector Rank
OM 6.69%
PM (TTM) 2.37%
GM 38.34%
OM growth 3Y-4.32%
OM growth 5Y3.09%
PM growth 3Y-17.73%
PM growth 5Y-1.03%
GM growth 3Y0.71%
GM growth 5Y-1.41%
PIA.MI Yearly Profit, Operating, Gross MarginsPIA.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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1

2. PIA.MI Health Analysis

2.1 Basic Checks

  • PIA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for PIA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
PIA.MI Yearly Shares OutstandingPIA.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
PIA.MI Yearly Total Debt VS Total AssetsPIA.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • PIA has an Altman-Z score of 1.28. This is a bad value and indicates that PIA is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.28, PIA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • A Debt/Equity ratio of 1.56 is on the high side and indicates that PIA has dependencies on debt 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 78.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF N/A
Altman-Z 1.28
ROIC/WACC0.76
WACC8.54%
PIA.MI Yearly LT Debt VS Equity VS FCFPIA.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M 500M

2.3 Liquidity

  • A Current Ratio of 0.77 indicates that PIA may have some problems paying its short term obligations.
  • PIA has a Current ratio of 0.77. This is amonst the worse of the industry: PIA underperforms 87.50% of its industry peers.
  • A Quick Ratio of 0.39 indicates that PIA may have some problems paying its short term obligations.
  • PIA has a worse Quick ratio (0.39) than 87.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.39
PIA.MI Yearly Current Assets VS Current LiabilitesPIA.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PIA.MI Growth Analysis

3.1 Past

  • The earnings per share for PIA have decreased strongly by -49.26% in the last year.
  • PIA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.59% yearly.
  • The Revenue for PIA has decreased by -11.72% in the past year. This is quite bad
  • Measured over the past years, PIA shows a small growth in Revenue. The Revenue has been growing by 0.28% on average per year.
EPS 1Y (TTM)-49.26%
EPS 3Y23.02%
EPS 5Y21.59%
EPS Q2Q%-54.23%
Revenue 1Y (TTM)-11.72%
Revenue growth 3Y-0.72%
Revenue growth 5Y0.28%
Sales Q2Q%-13.53%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.44% on average over the next years.
  • Based on estimates for the next years, PIA will show a small growth in Revenue. The Revenue will grow by 3.13% on average per year.
EPS Next Y70.09%
EPS Next 2Y53.02%
EPS Next 3Y39.93%
EPS Next 5Y0.44%
Revenue Next Year27.3%
Revenue Next 2Y25.28%
Revenue Next 3Y16.1%
Revenue Next 5Y3.13%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
PIA.MI Yearly Revenue VS EstimatesPIA.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
PIA.MI Yearly EPS VS EstimatesPIA.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2 0.25

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6

4. PIA.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.01, PIA is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of PIA is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of PIA to the average of the S&P500 Index (25.23), we can say PIA is valued slightly cheaper.
  • PIA is valuated cheaply with a Price/Forward Earnings ratio of 6.68.
  • Based on the Price/Forward Earnings ratio, PIA is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
  • PIA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.42, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.01
Fwd PE 6.68
PIA.MI Price Earnings VS Forward Price EarningsPIA.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PIA is valued a bit cheaper than the industry average as 71.88% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.86
PIA.MI Per share dataPIA.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3 4

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of PIA may justify a higher PE ratio.
  • PIA's earnings are expected to grow with 39.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.21
PEG (5Y)0.7
EPS Next 2Y53.02%
EPS Next 3Y39.93%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. PIA.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 10.47%, PIA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.60, PIA pays a better dividend. On top of this PIA pays more dividend than 100.00% of the companies listed in the same industry.
  • PIA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 10.47%

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

  • 76.91% of the earnings are spent on dividend by PIA. 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.
DP76.91%
EPS Next 2Y53.02%
EPS Next 3Y39.93%
PIA.MI Yearly Income VS Free CF VS DividendPIA.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M 80M
PIA.MI Dividend Payout.PIA.MI Dividend Payout, showing the Payout Ratio.PIA.MI Dividend Payout.PayoutRetained Earnings

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PIA.MI Fundamentals: All Metrics, Ratios and Statistics

PIAGGIO & C. S.P.A.

BIT:PIA (3/23/2026, 5:35:19 PM)

1.501

+0.03 (+2.25%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)03-05
Earnings (Next)05-08
Inst Owners12.36%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap532.30M
Revenue(TTM)1.50B
Net Income(TTM)36.67M
Analysts70.91
Price Target2.3 (53.23%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 10.47%
Yearly Dividend0.2
Dividend Growth(5Y)6.13%
DP76.91%
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)-1.25%
PT rev (3m)-1.25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.11%
EPS NY rev (3m)-10.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.33%
Revenue NY rev (3m)-1.33%
Valuation
Industry RankSector Rank
PE 15.01
Fwd PE 6.68
P/S 0.34
P/FCF N/A
P/OCF 4.36
P/B 1.35
P/tB N/A
EV/EBITDA 3.86
EPS(TTM)0.1
EY6.66%
EPS(NY)0.22
Fwd EY14.98%
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)0.34
OCFY22.91%
SpS4.37
BVpS1.11
TBVpS-1.07
PEG (NY)0.21
PEG (5Y)0.7
Graham Number1.58
Profitability
Industry RankSector Rank
ROA 2.01%
ROE 9.29%
ROCE 10.31%
ROIC 6.52%
ROICexc 7.66%
ROICexgc 49.66%
OM 6.69%
PM (TTM) 2.37%
GM 38.34%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-4.32%
OM growth 5Y3.09%
PM growth 3Y-17.73%
PM growth 5Y-1.03%
GM growth 3Y0.71%
GM growth 5Y-1.41%
F-Score6
Asset Turnover0.85
Health
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF N/A
Debt/EBITDA 2.43
Cap/Depr 112.06%
Cap/Sales 10.84%
Interest Coverage 2.44
Cash Conversion 48.14%
Profit Quality N/A
Current Ratio 0.77
Quick Ratio 0.39
Altman-Z 1.28
F-Score6
WACC8.54%
ROIC/WACC0.76
Cap/Depr(3y)113.01%
Cap/Depr(5y)114.24%
Cap/Sales(3y)9.44%
Cap/Sales(5y)8.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-49.26%
EPS 3Y23.02%
EPS 5Y21.59%
EPS Q2Q%-54.23%
EPS Next Y70.09%
EPS Next 2Y53.02%
EPS Next 3Y39.93%
EPS Next 5Y0.44%
Revenue 1Y (TTM)-11.72%
Revenue growth 3Y-0.72%
Revenue growth 5Y0.28%
Sales Q2Q%-13.53%
Revenue Next Year27.3%
Revenue Next 2Y25.28%
Revenue Next 3Y16.1%
Revenue Next 5Y3.13%
EBIT growth 1Y-31.17%
EBIT growth 3Y-14.26%
EBIT growth 5Y5.89%
EBIT Next Year170.76%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-732.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-33.65%
OCF growth 3Y-17.91%
OCF growth 5Y-7.27%

PIAGGIO & C. S.P.A. / PIA.MI Fundamental Analysis FAQ

What is the fundamental rating for PIA stock?

ChartMill assigns a fundamental rating of 4 / 10 to PIA.MI.


What is the valuation status of PIAGGIO & C. S.P.A. (PIA.MI) stock?

ChartMill assigns a valuation rating of 6 / 10 to PIAGGIO & C. S.P.A. (PIA.MI). This can be considered as Fairly Valued.


What is the profitability of PIA stock?

PIAGGIO & C. S.P.A. (PIA.MI) has a profitability rating of 6 / 10.


What are the PE and PB ratios of PIAGGIO & C. S.P.A. (PIA.MI) stock?

The Price/Earnings (PE) ratio for PIAGGIO & C. S.P.A. (PIA.MI) is 15.01 and the Price/Book (PB) ratio is 1.35.


What is the earnings growth outlook for PIAGGIO & C. S.P.A.?

The Earnings per Share (EPS) of PIAGGIO & C. S.P.A. (PIA.MI) is expected to grow by 70.09% in the next year.