PIAGGIO & C. S.P.A. (PIA.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:PIA - IT0003073266 - Common Stock
1.847 EUR
-0.02 (-1.02%)
PIA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 29 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year PIA was profitable.
PIA had a positive operating cash flow in the past year.
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.
1.2 Ratios
The Return On Assets of PIA (2.34%) is comparable to the rest of the industry.
The Return On Equity of PIA (11.04%) is better than 86.21% of its industry peers.
PIA has a Return On Invested Capital of 6.98%. This is amongst the best in the industry. PIA outperforms 82.76% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PIA is above the industry average of 6.52%.
| 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.
In the last couple of years the Profit Margin of PIA has grown nicely.
PIA has a Operating Margin of 7.30%. This is amongst the best in the industry. PIA outperforms 86.21% of its industry peers.
PIA's Operating Margin has improved in the last couple of years.
PIA has a better Gross Margin (38.05%) than 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.
Compared to 5 years ago, PIA has less shares outstanding
Compared to 1 year ago, PIA has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.29, we must say that PIA is in the distress zone and has some risk of bankruptcy.
PIA has a Altman-Z score of 1.29. This is comparable to the rest of the industry: PIA outperforms 51.72% 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.
Looking at the Debt to Equity ratio, with a value of 1.56, PIA is doing worse than 75.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.29 |
ROIC/WACC0.96
WACC7.26%
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.
The Current ratio of PIA (0.78) is worse than 86.21% of its industry peers.
A Quick Ratio of 0.40 indicates that PIA may have some problems paying its short term obligations.
The Quick ratio of PIA (0.40) is worse than 86.21% of its industry peers.
| 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%.
PIA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.71% yearly.
Looking at the last year, PIA shows a very negative growth in Revenue. The Revenue has decreased by -10.26% in the last year.
PIA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.26% yearly.
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
The Earnings Per Share is expected to grow by 1.45% on average over the next years.
PIA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.23% 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 5Y0.23%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.47 indicates a rather expensive valuation of PIA.
PIA's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of PIA to the average of the S&P500 Index (26.31), we can say PIA is valued slightly cheaper.
A Price/Forward Earnings ratio of 10.45 indicates a reasonable valuation of PIA.
PIA's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.56. PIA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.47 | ||
| Fwd PE | 10.45 |
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 68.97% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.19 |
4.3 Compensation for Growth
PIA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.39
EPS Next 2Y-3.6%
EPS Next 3Y1.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.32%, PIA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.12, PIA pays a better dividend. On top of this PIA pays more dividend than 96.55% 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 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.32% |
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.
PIA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP121.22%
EPS Next 2Y-3.6%
EPS Next 3Y1.45%
BIT:PIA (12/1/2025, 2:04:54 PM)
1.847
-0.02 (-1.02%)
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 Cap655.00M
Revenue(TTM)1.55B
Net Income(TTM)45.24M
Analysts72.73
Price Target2.35 (27.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.32% |
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 | 18.47 | ||
| Fwd PE | 10.45 | ||
| P/S | 0.42 | ||
| P/FCF | N/A | ||
| P/OCF | 6.14 | ||
| P/B | 1.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.19 |
EPS(TTM)0.1
EY5.41%
EPS(NY)0.18
Fwd EY9.57%
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)0.3
OCFY16.29%
SpS4.41
BVpS1.16
TBVpS-1.07
PEG (NY)N/A
PEG (5Y)2.39
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 | 1.29 |
F-ScoreN/A
WACC7.26%
ROIC/WACC0.96
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 5Y0.23%
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 8 / 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%.