Piaggio & C. SpA Logo

Piaggio & C. SpA

PIA.MI

(3.2)
Stock Price

2,11 EUR

5.83% ROA

18.29% ROE

11.41x PER

Market Cap.

902.905.066,00 EUR

160.61% DER

7.73% Yield

4.32% NPM

Piaggio & C. SpA Stock Analysis

Piaggio & C. SpA Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Piaggio & C. SpA Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (24.43%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 Assets Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

3 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

4 ROA

The stock's ROA (8.17%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

5 PBV

The stock's PBV ratio (2.18x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 Revenue Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

7 Net Profit Growth

The net profit of this company has shown steady growth over the past three years, highlighting its positive financial trajectory and making it an appealing choice for potential investors.

8 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

9 Dividend Growth

Investors can be encouraged by the company's strong dividend growth over the past three years, highlighting its ability to generate consistent returns and provide an attractive investment opportunity.

10 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (86) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

11 DER

The company has a high debt to equity ratio (116%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

Piaggio & C. SpA Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Piaggio & C. SpA Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Sell
4 Stoch RSI Sell

Piaggio & C. SpA Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Piaggio & C. SpA Revenue
Year Revenue Growth
2003 965.412.000
2004 1.084.200.000 10.96%
2005 1.451.781.000 25.32%
2006 1.607.412.000 9.68%
2007 1.692.126.000 5.01%
2008 1.570.060.000 -7.77%
2009 1.486.882.000 -5.59%
2010 1.485.351.000 -0.1%
2011 1.516.463.000 2.05%
2012 1.406.152.000 -7.84%
2013 1.212.535.000 -15.97%
2014 1.213.272.000 0.06%
2015 1.295.286.000 6.33%
2016 1.313.109.000 1.36%
2017 1.342.450.000 2.19%
2018 1.389.546.000 3.39%
2019 1.521.325.000 8.66%
2020 1.313.690.000 -15.81%
2021 1.668.689.000 21.27%
2022 2.087.443.000 20.06%
2023 1.816.800.000 -14.9%
2023 1.994.585.000 8.91%
2024 2.249.044.000 11.31%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Piaggio & C. SpA Research and Development Expenses
Year Research and Development Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 40.569.000 100%
2014 41.254.000 1.66%
2015 15.400.000 -167.88%
2016 19.200.000 19.79%
2017 18.400.000 -4.35%
2018 17.500.000 -5.14%
2019 57.600.000 69.62%
2020 51.900.000 -10.98%
2021 63.700.000 18.52%
2022 64.700.000 1.55%
2023 0 0%
2023 67.200.000 100%
2024 30.528.000 -120.13%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Piaggio & C. SpA General and Administrative Expenses
Year General and Administrative Expenses Growth
2003 209.138.000
2004 0 0%
2005 298.925.000 100%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 228.278.000 100%
2014 226.684.000 -0.7%
2015 139.472.000 -62.53%
2016 128.347.000 -8.67%
2017 125.743.000 -2.07%
2018 102.750.000 -22.38%
2019 67.677.000 -51.82%
2020 59.916.000 -12.95%
2021 72.654.000 17.53%
2022 110.527.000 34.27%
2023 0 0%
2023 -22.373.000 100%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Piaggio & C. SpA EBITDA
Year EBITDA Growth
2003 377.557.000
2004 140.200.000 -169.3%
2005 430.971.000 67.47%
2006 219.465.000 -96.37%
2007 188.142.000 -16.65%
2008 220.969.000 14.86%
2009 203.746.000 -8.45%
2010 203.735.000 -0.01%
2011 207.126.000 1.64%
2012 179.227.000 -15.57%
2013 152.520.000 -17.51%
2014 158.220.000 3.6%
2015 162.253.000 2.49%
2016 168.707.000 3.83%
2017 194.783.000 13.39%
2018 210.399.000 7.42%
2019 232.461.000 9.49%
2020 192.406.000 -20.82%
2021 245.546.000 21.64%
2022 294.014.000 16.48%
2023 320.520.000 8.27%
2023 324.996.000 1.38%
2024 393.848.000 17.48%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Piaggio & C. SpA Gross Profit
Year Gross Profit Growth
2003 455.217.000
2004 262.400.000 -73.48%
2005 604.610.000 56.6%
2006 337.811.000 -78.98%
2007 368.124.000 8.23%
2008 340.537.000 -8.1%
2009 615.229.000 44.65%
2010 345.918.000 -77.85%
2011 345.919.000 0%
2012 320.866.000 -7.81%
2013 292.189.000 -9.81%
2014 293.119.000 0.32%
2015 289.097.000 -1.39%
2016 295.428.000 2.14%
2017 323.846.000 8.78%
2018 328.302.000 1.36%
2019 354.728.000 7.45%
2020 298.865.000 -18.69%
2021 352.932.000 15.32%
2022 499.225.000 29.3%
2023 412.732.000 -20.96%
2023 50.575.000 -716.08%
2024 89.472.000 43.47%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Piaggio & C. SpA Net Profit
Year Net Profit Growth
2003 -111.754.000
2004 4.000.000 2893.85%
2005 89.850.000 95.55%
2006 70.345.000 -27.73%
2007 147.056.000 52.16%
2008 43.331.000 -239.38%
2009 47.419.000 8.62%
2010 42.841.000 -10.69%
2011 47.023.000 8.89%
2012 42.008.000 -11.94%
2013 -6.528.000 743.5%
2014 16.065.000 140.63%
2015 11.873.000 -35.31%
2016 14.040.000 15.43%
2017 19.984.000 29.74%
2018 36.075.000 44.6%
2019 46.749.000 22.83%
2020 31.322.000 -49.25%
2021 60.054.000 47.84%
2022 84.889.000 29.26%
2023 83.680.000 -1.44%
2023 91.052.000 8.1%
2024 133.728.000 31.91%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Piaggio & C. SpA Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Piaggio & C. SpA Free Cashflow
Year Free Cashflow Growth
2003 -38.768.000
2004 -25.900.000 -49.68%
2005 76.598.000 133.81%
2006 70.033.000 -9.37%
2007 76.907.000 8.94%
2008 20.665.000 -272.16%
2009 29.448.000 29.83%
2010 26.346.000 -11.77%
2011 29.534.000 10.79%
2012 -3.724.000 893.07%
2013 -51.483.000 92.77%
2014 -28.531.000 -80.45%
2015 26.951.000 205.86%
2016 30.307.000 11.07%
2017 63.412.000 52.21%
2018 32.771.000 -93.5%
2019 74.798.000 56.19%
2020 52.859.000 -41.5%
2021 72.354.000 26.94%
2022 87.820.000 17.61%
2023 41.151.000 -113.41%
2023 23.919.000 -72.04%
2024 119.403.000 79.97%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Piaggio & C. SpA Operating Cashflow
Year Operating Cashflow Growth
2003 75.828.000
2004 44.600.000 -70.02%
2005 176.339.000 74.71%
2006 160.308.000 -10%
2007 168.423.000 4.82%
2008 123.593.000 -36.27%
2009 123.237.000 -0.29%
2010 122.541.000 -0.57%
2011 155.624.000 21.26%
2012 134.242.000 -15.93%
2013 36.120.000 -271.66%
2014 66.362.000 45.57%
2015 128.841.000 48.49%
2016 126.980.000 -1.47%
2017 150.118.000 15.41%
2018 148.049.000 -1.4%
2019 215.670.000 31.35%
2020 193.210.000 -11.62%
2021 226.502.000 14.7%
2022 239.495.000 5.43%
2023 78.999.000 -203.16%
2023 186.788.000 57.71%
2024 157.829.000 -18.35%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Piaggio & C. SpA Capital Expenditure
Year Capital Expenditure Growth
2003 114.596.000
2004 70.500.000 -62.55%
2005 99.741.000 29.32%
2006 90.275.000 -10.49%
2007 91.516.000 1.36%
2008 102.928.000 11.09%
2009 93.789.000 -9.74%
2010 96.195.000 2.5%
2011 126.090.000 23.71%
2012 137.966.000 8.61%
2013 87.603.000 -57.49%
2014 94.893.000 7.68%
2015 101.890.000 6.87%
2016 96.673.000 -5.4%
2017 86.706.000 -11.5%
2018 115.278.000 24.79%
2019 140.872.000 18.17%
2020 140.351.000 -0.37%
2021 154.148.000 8.95%
2022 151.675.000 -1.63%
2023 37.848.000 -300.75%
2023 162.869.000 76.76%
2024 38.426.000 -323.85%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Piaggio & C. SpA Equity
Year Equity Growth
2003 178.967.000
2004 232.100.000 22.89%
2005 348.213.000 33.35%
2006 438.698.000 20.63%
2007 470.397.000 6.74%
2008 396.767.000 -18.56%
2009 423.802.000 6.38%
2010 442.890.000 4.31%
2011 446.218.000 0.75%
2012 439.873.000 -1.44%
2013 392.115.000 -12.18%
2014 413.069.000 5.07%
2015 404.293.000 -2.17%
2016 393.714.000 -2.69%
2017 385.060.000 -2.25%
2018 391.952.000 1.76%
2019 383.807.000 -2.12%
2020 372.012.000 -3.17%
2021 404.086.000 7.94%
2022 417.811.000 3.28%
2023 417.928.000 0.03%
2023 415.971.000 -0.47%
2024 443.223.000 6.15%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Piaggio & C. SpA Assets
Year Assets Growth
2003 918.890.000
2004 1.296.200.000 29.11%
2005 1.369.481.000 5.35%
2006 1.469.326.000 6.8%
2007 1.443.979.000 -1.76%
2008 1.399.329.000 -3.19%
2009 1.564.820.000 10.58%
2010 1.545.722.000 -1.24%
2011 1.520.184.000 -1.68%
2012 1.480.225.000 -2.7%
2013 1.434.264.000 -3.2%
2014 1.556.608.000 7.86%
2015 1.551.550.000 -0.33%
2016 1.630.715.000 4.85%
2017 1.510.128.000 -7.99%
2018 1.585.677.000 4.76%
2019 1.626.388.000 2.5%
2020 1.658.977.000 1.96%
2021 1.835.673.000 9.63%
2022 1.958.847.000 6.29%
2023 1.912.906.000 -2.4%
2023 1.865.920.000 -2.52%
2024 2.113.266.000 11.7%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Piaggio & C. SpA Liabilities
Year Liabilities Growth
2003 739.923.000
2004 1.064.100.000 30.46%
2005 1.021.268.000 -4.19%
2006 1.030.628.000 0.91%
2007 973.582.000 -5.86%
2008 1.001.108.000 2.75%
2009 1.141.018.000 12.26%
2010 1.102.832.000 -3.46%
2011 1.073.966.000 -2.69%
2012 1.040.352.000 -3.23%
2013 1.042.149.000 0.17%
2014 1.143.539.000 8.87%
2015 1.147.257.000 0.32%
2016 1.237.001.000 7.25%
2017 1.125.068.000 -9.95%
2018 1.193.725.000 5.75%
2019 1.242.581.000 3.93%
2020 1.286.965.000 3.45%
2021 1.431.587.000 10.1%
2022 1.541.036.000 7.1%
2023 1.494.978.000 -3.08%
2023 1.449.949.000 -3.11%
2024 1.670.043.000 13.18%

Piaggio & C. SpA Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
5.12
Net Income per Share
0.22
Price to Earning Ratio
11.41x
Price To Sales Ratio
0.5x
POCF Ratio
3.83
PFCF Ratio
15.24
Price to Book Ratio
2.02
EV to Sales
0.9
EV Over EBITDA
5.28
EV to Operating CashFlow
7
EV to FreeCashFlow
27.61
Earnings Yield
0.09
FreeCashFlow Yield
0.07
Market Cap
0,90 Bil.
Enterprise Value
1,64 Bil.
Graham Number
2.5
Graham NetNet
-2.81

Income Statement Metrics

Net Income per Share
0.22
Income Quality
2.98
ROE
0.18
Return On Assets
0.04
Return On Capital Employed
0.16
Net Income per EBT
0.67
EBT Per Ebit
0.69
Ebit per Revenue
0.09
Effective Tax Rate
0.31

Margins

Sales, General, & Administrative to Revenue
-0.04
Research & Developement to Revenue
0.03
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.06
Operating Profit Margin
0.09
Pretax Profit Margin
0.06
Net Profit Margin
0.04

Dividends

Dividend Yield
0.08
Dividend Yield %
7.73
Payout Ratio
0.93
Dividend Per Share
0.2

Operating Metrics

Operating Cashflow per Share
0.66
Free CashFlow per Share
0.17
Capex to Operating CashFlow
0.75
Capex to Revenue
0.1
Capex to Depreciation
1.24
Return on Invested Capital
0.1
Return on Tangible Assets
0.06
Days Sales Outstanding
43.75
Days Payables Outstanding
154.96
Days of Inventory on Hand
79.81
Receivables Turnover
8.34
Payables Turnover
2.36
Inventory Turnover
4.57
Capex per Share
0.49

Balance Sheet

Cash per Share
0,92
Book Value per Share
1,25
Tangible Book Value per Share
-0.92
Shareholders Equity per Share
1.25
Interest Debt per Share
2.15
Debt to Equity
1.61
Debt to Assets
0.34
Net Debt to EBITDA
2.37
Current Ratio
0.87
Tangible Asset Value
-0,33 Bil.
Net Current Asset Value
-0,74 Bil.
Invested Capital
954386000
Working Capital
-0,14 Bil.
Intangibles to Total Assets
0.36
Average Receivables
0,21 Bil.
Average Payables
0,69 Bil.
Average Inventory
387730500
Debt to Market Cap
0.79

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Piaggio & C. SpA Dividends
Year Dividends Growth
2007 0
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

Piaggio & C. SpA Profile

About Piaggio & C. SpA

Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. The company provides two-wheelers, including scooters, motorcycles, and mopeds, as well as related spare parts and accessories under the Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi, and Scarabeo brands. It also offers three-and four-wheeler light commercial vehicles, as well as related spare parts and accessories for commercial and private use under the Ape and Porter brands; and smart robots for transportation. In addition, the company sells engines to third parties; conducts two-wheeler sports championships; and provides technical services. It distributes its vehicles primarily through dealers and importers in Europe, the Middle East, Africa, the Americas, the Asia Pacific, and India. The company was founded in 1884 and is headquartered in Pontedera, Italy. Piaggio & C. SpA is a subsidiary of IMMSI S.p.A.

CEO
Mr. Michele Colaninno
Employee
6.206
Address
Viale Rinaldo Piaggio, 25
Pontedera, 56025

Piaggio & C. SpA Executives & BODs

Piaggio & C. SpA Executives & BODs
# Name Age
1 Ms. Alessandra Simonotto
Chief Financial Officer
70
2 Mr. Giancarlo Milianti
Executive Vice President of Human Resources
70
3 Mr. Vincenzo Scardigno
Executive Vice President of 3-4 Wheeler EMEA & Emerging Markets
70
4 Mr. Davide Zanolini
Executive Vice President of Marketing & Communication
70
5 Mr. Michele Colaninno
Chief Executive Officer & Director
70
6 Mr. Matteo Colaninno
Executive Chairman
70
7 Mr. Fabio Grimaldi
Executive Vice President of Legal & Tax
70
8 Mr. Carlo Coppola
Executive Vice President of Product Manufacturing
70
9 Mr. Raffaele Lupotto
Executive Vice President & Head of Investor Relations
70
10 Mr. Mario Di Maria
Executive Vice President of 2 Wheeler Italy, EMEA & America Market
70

Piaggio & C. SpA Competitors

Brembo S.p.A. Logo
Brembo S.p.A.

BRE.MI

(3.5)
Geox S.p.A. Logo
Geox S.p.A.

GEO.MI

(1.0)
Saras S.p.A. Logo
Saras S.p.A.

SRS.MI

(2.0)
Autogrill S.p.A. Logo
Autogrill S.p.A.

AGL.MI

(1.0)