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

BIT:PIA • IT0003073266

Current stock price

1.604 EUR
0 (-0.31%)
Last:

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

7

1. PIA.MI Profitability Analysis

1.1 Basic Checks

  • PIA had positive earnings in the past year.
  • 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.
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

  • PIA's Return On Assets of 1.96% is in line compared to the rest of the industry. PIA outperforms 58.62% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.58%, PIA belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
  • PIA has a Return On Invested Capital of 6.54%. This is in the better half of the industry: PIA outperforms 79.31% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PIA is above the industry average of 6.27%.
Industry RankSector Rank
ROA 1.96%
ROE 8.58%
ROIC 6.54%
ROA(3y)3.47%
ROA(5y)3.6%
ROE(3y)15.51%
ROE(5y)16.34%
ROIC(3y)9.12%
ROIC(5y)9.07%
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 2.26%. This is in the better half of the industry: PIA outperforms 62.07% of its industry peers.
  • PIA's Profit Margin has been stable in the last couple of years.
  • PIA has a better Operating Margin (6.74%) than 79.31% of its industry peers.
  • In the last couple of years the Operating Margin of PIA has grown nicely.
  • With an excellent Gross Margin value of 38.87%, PIA belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
  • PIA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 6.74%
PM (TTM) 2.26%
GM 38.87%
OM growth 3Y-4.68%
OM growth 5Y2.85%
PM growth 3Y-17.73%
PM growth 5Y-1.03%
GM growth 3Y3.99%
GM growth 5Y0.5%
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PIA is still creating some value.
  • PIA has less shares outstanding than it did 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.
PIA.MI Yearly Shares OutstandingPIA.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 500M 1B 1.5B

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.
  • Looking at the Altman-Z score, with a value of 1.31, PIA is in line with its industry, outperforming 48.28% of the companies in the same industry.
  • A Debt/Equity ratio of 1.48 is on the high side and indicates that PIA has dependencies on debt financing.
  • PIA has a Debt to Equity ratio of 1.48. This is in the lower half of the industry: PIA underperforms 72.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF N/A
Altman-Z 1.31
ROIC/WACC0.97
WACC6.78%
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

  • PIA has a Current Ratio of 0.70. This is a bad value and indicates that PIA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.70, PIA is doing worse than 89.66% of the companies in the same industry.
  • PIA has a Quick Ratio of 0.70. This is a bad value and indicates that PIA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.34, PIA is doing worse than 93.10% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.7
Quick Ratio 0.34
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 2025 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 -49.16% in the last year.
  • The Earnings Per Share has been growing by 21.59% on average over the past years. This is a very strong growth
  • The Revenue for PIA has decreased by -11.72% in the past year. This is quite bad
  • The Revenue has been growing slightly by 0.28% on average over the past years.
EPS 1Y (TTM)-49.16%
EPS 3Y23.02%
EPS 5Y21.59%
EPS Q2Q%-52.82%
Revenue 1Y (TTM)-11.72%
Revenue growth 3Y-0.72%
Revenue growth 5Y0.28%
Sales Q2Q%-13.53%

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 0.44% on average per year.
  • PIA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.13% yearly.
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 2028 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

  • Based on the Price/Earnings ratio of 16.04, the valuation of PIA can be described as correct.
  • PIA's Price/Earnings ratio is in line with the industry average.
  • PIA is valuated rather cheaply when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 7.14 indicates a rather cheap valuation of PIA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PIA indicates a somewhat cheap valuation: PIA is cheaper than 65.52% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.62, PIA is valued rather cheaply.
Industry RankSector Rank
PE 16.04
Fwd PE 7.14
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PIA indicates a somewhat cheap valuation: PIA is cheaper than 72.41% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.34
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

  • PIA's 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.
  • A more expensive valuation may be justified as PIA's earnings are expected to grow with 39.93% in the coming years.
PEG (NY)0.23
PEG (5Y)0.74
EPS Next 2Y53.02%
EPS Next 3Y39.93%

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

6

5. PIA.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 9.47%, 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 96.55% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, PIA pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.47%

5.2 History

  • The dividend of PIA decreases each year by -2.78%.
Dividend Growth(5Y)-2.78%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 82.94% of the earnings are spent on dividend by PIA. This is not a sustainable payout ratio.
DP82.94%
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 (4/24/2026, 5:00:57 PM)

1.604

0 (-0.31%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)03-05
Earnings (Next)05-08
Inst Owners12.6%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap568.83M
Revenue(TTM)1.50B
Net Income(TTM)34.01M
Analysts70.91
Price Target1.97 (22.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 9.47%
Yearly Dividend0.08
Dividend Growth(5Y)-2.78%
DP82.94%
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)-14.3%
PT rev (3m)-15.37%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.09%
EPS NY rev (3m)-17.1%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.47%
Revenue NY rev (3m)-2.77%
Valuation
Industry RankSector Rank
PE 16.04
Fwd PE 7.14
P/S 0.38
P/FCF N/A
P/OCF 4.29
P/B 1.43
P/tB N/A
EV/EBITDA 4.34
EPS(TTM)0.1
EY6.23%
EPS(NY)0.22
Fwd EY14.01%
FCF(TTM)-0.02
FCFYN/A
OCF(TTM)0.37
OCFY23.29%
SpS4.24
BVpS1.12
TBVpS-1.08
PEG (NY)0.23
PEG (5Y)0.74
Graham Number1.58602 (-1.12%)
Profitability
Industry RankSector Rank
ROA 1.96%
ROE 8.58%
ROCE 10.29%
ROIC 6.54%
ROICexc 7.4%
ROICexgc 47.66%
OM 6.74%
PM (TTM) 2.26%
GM 38.87%
FCFM N/A
ROA(3y)3.47%
ROA(5y)3.6%
ROE(3y)15.51%
ROE(5y)16.34%
ROIC(3y)9.12%
ROIC(5y)9.07%
ROICexc(3y)10.77%
ROICexc(5y)11.21%
ROICexgc(3y)91.16%
ROICexgc(5y)125.32%
ROCE(3y)14.34%
ROCE(5y)14.01%
ROICexgc growth 3Y-41.02%
ROICexgc growth 5Y-25.93%
ROICexc growth 3Y-19.35%
ROICexc growth 5Y0.53%
OM growth 3Y-4.68%
OM growth 5Y2.85%
PM growth 3Y-17.73%
PM growth 5Y-1.03%
GM growth 3Y3.99%
GM growth 5Y0.5%
F-Score5
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF N/A
Debt/EBITDA 2.34
Cap/Depr 94.02%
Cap/Sales 9.36%
Interest Coverage 2.4
Cash Conversion 52.84%
Profit Quality N/A
Current Ratio 0.7
Quick Ratio 0.34
Altman-Z 1.31
F-Score5
WACC6.78%
ROIC/WACC0.97
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)-49.16%
EPS 3Y23.02%
EPS 5Y21.59%
EPS Q2Q%-52.82%
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-31.51%
EBIT growth 3Y-14.59%
EBIT growth 5Y5.64%
EBIT Next Year164.2%
EBIT Next 3Y42.16%
EBIT Next 5YN/A
FCF growth 1Y78.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.02%
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 for PIA stock?

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


How profitable is PIAGGIO & C. S.P.A. (PIA.MI) stock?

PIAGGIO & C. S.P.A. (PIA.MI) has a profitability rating of 7 / 10.


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.


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 82.94%.