PIAGGIO & C. S.P.A. (PIA.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:PIA - IT0003073266 - Common Stock
1.865 EUR
+0.03 (+1.52%)
We assign a fundamental rating of 4 out of 10 to PIA. PIA was compared to 29 industry peers in the Automobiles industry. PIA scores excellent on profitability, but there are concerns on its financial health. PIA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
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.
PIA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PIA has a Return On Assets (2.34%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 11.04%, PIA is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
PIA has a Return On Invested Capital of 6.98%. This is in the better half of the industry: PIA outperforms 72.41% 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 6.95%.
| 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
Looking at the Profit Margin, with a value of 2.89%, PIA is in line with its industry, outperforming 58.62% of the companies in the same industry.
PIA's Profit Margin has improved in the last couple of years.
PIA has a Operating Margin of 7.30%. This is in the better half of the industry: PIA outperforms 79.31% of its industry peers.
PIA's Operating Margin has improved in the last couple of years.
PIA's Gross Margin of 38.05% is amongst the best of the industry. PIA outperforms 86.21% of its industry peers.
In the last couple of years the Gross Margin of PIA has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PIA is still 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.
The debt/assets ratio for PIA is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.28, we must say that PIA is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.28, PIA is in line with its industry, outperforming 51.72% 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 has a Debt to Equity ratio of 1.56. This is in the lower half of the industry: PIA underperforms 75.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.28 |
ROIC/WACC0.97
WACC7.22%
2.3 Liquidity
PIA has a Current 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.
PIA has a worse Current ratio (0.78) than 86.21% of its industry peers.
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.
With a Quick ratio value of 0.40, PIA is not doing good in the industry: 86.21% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
PIA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.46%.
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.
Looking at the last year, PIA shows a very negative growth in Revenue. The Revenue has decreased by -10.26% in the last year.
The Revenue has been growing slightly by 2.26% on average over the past years.
EPS 1Y (TTM)-45.46%
EPS 3Y4.11%
EPS 5Y7.71%
EPS Q2Q%-84.56%
Revenue 1Y (TTM)-10.26%
Revenue growth 3Y0.65%
Revenue growth 5Y2.26%
Sales Q2Q%-4.11%
3.2 Future
Based on estimates for the next years, PIA will show a small growth in Earnings Per Share. The EPS will grow by 1.45% on average per year.
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-27.43%
EPS Next 2Y-3.6%
EPS Next 3Y1.45%
EPS Next 5YN/A
Revenue Next Year-7.39%
Revenue Next 2Y-1.4%
Revenue Next 3Y0%
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 18.65, PIA is valued on the expensive side.
PIA's Price/Earnings is on the same level as the industry average.
PIA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.15.
A Price/Forward Earnings ratio of 10.55 indicates a reasonable valuation of PIA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PIA is on the same level as its industry peers.
PIA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.65 | ||
| Fwd PE | 10.55 |
4.2 Price Multiples
PIA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PIA is cheaper than 75.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.15 |
4.3 Compensation for Growth
PIA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.42
EPS Next 2Y-3.6%
EPS Next 3Y1.45%
5. Dividend
5.1 Amount
PIA has a Yearly Dividend Yield of 8.71%, which is a nice return.
PIA's Dividend Yield is rather good when compared to the industry average which is at 5.29. PIA pays more dividend than 96.55% of the companies in the same industry.
PIA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.71% |
5.2 History
The dividend of PIA is nicely growing with an annual growth rate of 6.13%!
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 2Y-3.6%
EPS Next 3Y1.45%
BIT:PIA (11/27/2025, 5:29:56 PM)
1.865
+0.03 (+1.52%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners12.54%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap661.38M
Revenue(TTM)1.55B
Net Income(TTM)45.24M
Analysts72.73
Price Target2.35 (26.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.71% |
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-10.87%
EPS NY rev (3m)-14.35%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.2%
Revenue NY rev (3m)-2.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.65 | ||
| Fwd PE | 10.55 | ||
| P/S | 0.42 | ||
| P/FCF | N/A | ||
| P/OCF | 6.2 | ||
| P/B | 1.61 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.15 |
EPS(TTM)0.1
EY5.36%
EPS(NY)0.18
Fwd EY9.48%
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)0.3
OCFY16.13%
SpS4.41
BVpS1.16
TBVpS-1.07
PEG (NY)N/A
PEG (5Y)2.42
Graham Number1.61
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%
ROICexgc growth 3Y-20.64%
ROICexgc 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 | 1.28 |
F-ScoreN/A
WACC7.22%
ROIC/WACC0.97
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)-45.46%
EPS 3Y4.11%
EPS 5Y7.71%
EPS Q2Q%-84.56%
EPS Next Y-27.43%
EPS Next 2Y-3.6%
EPS Next 3Y1.45%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.26%
Revenue growth 3Y0.65%
Revenue growth 5Y2.26%
Sales Q2Q%-4.11%
Revenue Next Year-7.39%
Revenue Next 2Y-1.4%
Revenue Next 3Y0%
Revenue Next 5Y8.04%
EBIT growth 1Y-31.97%
EBIT growth 3Y8.92%
EBIT growth 5Y5.91%
EBIT Next Year77.92%
EBIT Next 3Y24.91%
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%
PIAGGIO & C. S.P.A. / PIA.MI FAQ
What is the fundamental rating for PIA stock?
ChartMill assigns a fundamental rating of 4 / 10 to PIA.MI.
Can you provide the valuation status for PIAGGIO & C. S.P.A.?
ChartMill assigns a valuation rating of 4 / 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 7 / 10.
What is the expected EPS growth for PIAGGIO & C. S.P.A. (PIA.MI) stock?
The Earnings per Share (EPS) of PIAGGIO & C. S.P.A. (PIA.MI) is expected to decline by -27.43% in the next year.
Can you provide the dividend sustainability for PIA stock?
The dividend rating of PIAGGIO & C. S.P.A. (PIA.MI) is 6 / 10 and the dividend payout ratio is 121.22%.