View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPiovan 将来の成長Future 基準チェック /06現在、 Piovanの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Machinery 収益成長23.8%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBuy Or Sell Opportunity • Jul 01Now 22% undervaluedOver the last 90 days, the stock has risen 1.3% to €12.15. The fair value is estimated to be €15.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Buy Or Sell Opportunity • Jun 21Now 21% undervaluedOver the last 90 days, the stock has risen 2.6% to €11.70. The fair value is estimated to be €14.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Buy Or Sell Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock has risen 8.8% to €11.75. The fair value is estimated to be €14.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Upcoming Dividend • May 20Upcoming dividend of €0.27 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (1.3%).Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.29 (vs €0.21 in 1Q 2023)First quarter 2024 results: EPS: €0.29 (up from €0.21 in 1Q 2023). Revenue: €136.0m (down 3.4% from 1Q 2023). Net income: €14.7m (up 40% from 1Q 2023). Profit margin: 11% (up from 7.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • May 10Now 21% undervaluedOver the last 90 days, the stock has risen 14% to €11.30. The fair value is estimated to be €14.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.お知らせ • Apr 28Piovan S.p.A., Annual General Meeting, Apr 29, 2024Piovan S.p.A., Annual General Meeting, Apr 29, 2024.お知らせ • Apr 27+ 1 more updatePiovan S.p.A. to Report Nine Months, 2024 Results on Nov 13, 2024Piovan S.p.A. announced that they will report nine months, 2024 results on Nov 13, 2024Recent Insider Transactions • Apr 11CEO, MD & Director recently sold €178k worth of stockOn the 5th of April, Filippo Zuppichin sold around 15k shares on-market at roughly €12.00 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Filippo's only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 27%After last week's 27% share price gain to €12.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 74% over the past three years.Reported Earnings • Mar 21Full year 2023 earnings released: EPS: €0.97 (vs €0.68 in FY 2022)Full year 2023 results: EPS: €0.97 (up from €0.68 in FY 2022). Revenue: €570.5m (up 8.0% from FY 2022). Net income: €49.4m (up 43% from FY 2022). Profit margin: 8.7% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).Buy Or Sell Opportunity • Mar 03Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €10.80. The fair value is estimated to be €8.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 28%.Buy Or Sell Opportunity • Jan 19Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €10.05. The fair value is estimated to be €8.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 28%.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.92, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 12x in the Machinery industry in Italy. Total returns to shareholders of 125% over the past three years.分析記事 • Nov 09Is Piovan (BIT:PVN) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Sep 13Second quarter 2023 earnings released: EPS: €0.23 (vs €0.14 in 2Q 2022)Second quarter 2023 results: EPS: €0.23 (up from €0.14 in 2Q 2022). Revenue: €149.3m (up 15% from 2Q 2022). Net income: €12.1m (up 68% from 2Q 2022). Profit margin: 8.1% (up from 5.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 29% per year.New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change).Reported Earnings • May 12First quarter 2023 earnings released: EPS: €0.21 (vs €0.15 in 1Q 2022)First quarter 2023 results: EPS: €0.21 (up from €0.15 in 1Q 2022). Revenue: €141.1m (up 32% from 1Q 2022). Net income: €10.5m (up 34% from 1Q 2022). Profit margin: 7.5% (up from 7.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • May 08Upcoming dividend of €0.20 per share at 2.0% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Italian dividend payers (5.2%). Higher than average of industry peers (1.0%).Reported Earnings • Mar 22Full year 2022 earnings released: EPS: €0.68 (vs €0.56 in FY 2021)Full year 2022 results: EPS: €0.68 (up from €0.56 in FY 2021). Revenue: €531.4m (up 87% from FY 2021). Net income: €34.6m (up 22% from FY 2021). Profit margin: 6.5% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jan 10With EPS Growth And More, Piovan (BIT:PVN) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.26 (vs €0.079 in 3Q 2021)Third quarter 2022 results: EPS: €0.26 (up from €0.079 in 3Q 2021). Revenue: €144.5m (up 118% from 3Q 2021). Net income: €13.7m (up 240% from 3Q 2021). Profit margin: 9.5% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: €0.26 (vs €0.079 in 3Q 2021)Third quarter 2022 results: EPS: €0.26 (up from €0.079 in 3Q 2021). Revenue: €144.5m (up 118% from 3Q 2021). Net income: €13.7m (up 240% from 3Q 2021). Profit margin: 9.5% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.分析記事 • Sep 15Piovan (BIT:PVN) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Sep 09Second quarter 2022 earnings released: EPS: €0.15 (vs €0.18 in 2Q 2021)Second quarter 2022 results: EPS: €0.15 (down from €0.18 in 2Q 2021). Revenue: €130.9m (up 65% from 2Q 2021). Net income: €7.20m (down 23% from 2Q 2021). Profit margin: 5.5% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year.Buying Opportunity • May 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €10.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 6.7%.Upcoming Dividend • May 02Upcoming dividend of €0.10 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (4.7%). In line with average of industry peers (1.2%).Reported Earnings • Mar 28Full year 2021 earnings released: EPS: €0.56 (vs €0.35 in FY 2020)Full year 2021 results: EPS: €0.56 (up from €0.35 in FY 2020). Revenue: €287.0m (up 28% from FY 2020). Net income: €28.3m (up 61% from FY 2020). Profit margin: 9.9% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €8.60, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 18x in the Machinery industry in Italy. Total returns to shareholders of 27% over the past three years.Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 34% share price gain to €11.00, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 17x in the Machinery industry in Italy. Total returns to shareholders of 48% over the past three years.分析記事 • Dec 13Piovan (BIT:PVN) Could Be Struggling To Allocate CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.079 (vs €0.072 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €66.9m (up 35% from 3Q 2020). Net income: €4.01m (up 10% from 3Q 2020). Profit margin: 6.0% (down from 7.4% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.Reported Earnings • Sep 09Second quarter 2021 earnings released: EPS €0.18 (vs €0.092 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €81.3m (up 63% from 2Q 2020). Net income: €9.29m (up 98% from 2Q 2020). Profit margin: 11% (up from 9.4% in 2Q 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • May 04Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (3.9%). Higher than average of industry peers (1.0%).分析記事 • Mar 24Calculating The Intrinsic Value Of Piovan S.p.A. (BIT:PVN)How far off is Piovan S.p.A. ( BIT:PVN ) from its intrinsic value? Using the most recent financial data, we'll take a...Reported Earnings • Mar 23Full year 2020 earnings released: EPS €0.35 (vs €0.37 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €225.2m (down 2.9% from FY 2019). Net income: €17.6m (down 5.7% from FY 2019). Profit margin: 7.8% (down from 8.1% in FY 2019). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to €7.51, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 21x in the Machinery industry in Italy. Total returns to shareholders of 92% over the past year.分析記事 • Mar 11These 4 Measures Indicate That Piovan (BIT:PVN) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Feb 25The Returns At Piovan (BIT:PVN) Provide Us With Signs Of What's To ComeThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...Is New 90 Day High Low • Feb 13New 90-day high: €6.16The company is up 31% from its price of €4.69 on 13 November 2020. The Italian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period.分析記事 • Feb 10Is It Too Late To Consider Buying Piovan S.p.A. (BIT:PVN)?Piovan S.p.A. ( BIT:PVN ), is not the largest company out there, but it received a lot of attention from a substantial...分析記事 • Jan 22Are Robust Financials Driving The Recent Rally In Piovan S.p.A.'s (BIT:PVN) Stock?Piovan (BIT:PVN) has had a great run on the share market with its stock up by a significant 22% over the last month...Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to €5.73, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 21x in the Machinery industry in Italy. Total return to shareholders over the past year is a loss of 3.3%.Is New 90 Day High Low • Jan 05New 90-day high: €5.37The company is up 13% from its price of €4.77 on 07 October 2020. The Italian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 13% over the same period.分析記事 • Jan 04Reflecting on Piovan's (BIT:PVN) Share Price Returns Over The Last YearInvestors can approximate the average market return by buying an index fund. When you buy individual stocks, you can...分析記事 • Dec 03Does Piovan (BIT:PVN) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Nov 20Is Piovan (BIT:PVN) Likely To Turn Things Around?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.074The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €50.2m (up 3.8% from 3Q 2019). Net income: €3.64m (up 11% from 3Q 2019). Profit margin: 7.3% (up from 6.8% in 3Q 2019). The increase in margin was driven by higher revenue.Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 8.9%, compared to a 5.8% growth forecast for the Machinery industry in Italy.Upcoming Dividend • Oct 19Upcoming Dividend of €0.11 Per ShareWill be paid on the 28th of October to those who are registered shareholders by the 26th of October. The trailing yield of 3.1% is below the top quartile of Italian dividend payers (5.7%), but it is higher than industry peers (1.1%).Is New 90 Day High Low • Oct 13New 90-day high: €4.95The company is up 6.0% from its price of €4.65 on 15 July 2020. The Italian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 22% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Piovan は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測BIT:PVN - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2024572454357N/A9/30/2024561505161N/A6/30/2024565546373N/A3/31/2024563545667N/A12/31/2023568494655N/A9/30/2023576393748N/A6/30/2023582422937N/A3/31/2023563382229N/A12/31/2022530352733N/A9/30/2022453382832N/A6/30/2022376292529N/A3/31/2022325303235N/A12/31/2021283283639N/A9/30/2021284254042N/A6/30/2021267254143N/A3/31/2021238204042N/A12/31/2020225183335N/A9/30/2020217181827N/A6/30/2020216181425N/A3/31/202022618518N/A12/31/201923219621N/A9/30/201922917821N/A6/30/201923820618N/A3/31/2019251241220N/A12/31/2018245241623N/A9/30/201824726N/A13N/A6/30/201823624N/A18N/A3/31/201821319N/A21N/A12/31/201721220N/A24N/A12/31/201619314N/A15N/A12/31/201519113N/A17N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: PVNの予測収益成長が 貯蓄率 ( 2.7% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: PVNの収益がItalian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: PVNの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: PVNの収益がItalian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: PVNの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: PVNの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/04/03 11:59終値2025/04/03 00:00収益2024/12/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Piovan S.p.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Anna FrontaniBerenbergDaniela C. de Carvalho e CostaGoldman Sachs
Buy Or Sell Opportunity • Jul 01Now 22% undervaluedOver the last 90 days, the stock has risen 1.3% to €12.15. The fair value is estimated to be €15.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Buy Or Sell Opportunity • Jun 21Now 21% undervaluedOver the last 90 days, the stock has risen 2.6% to €11.70. The fair value is estimated to be €14.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Buy Or Sell Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock has risen 8.8% to €11.75. The fair value is estimated to be €14.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Upcoming Dividend • May 20Upcoming dividend of €0.27 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (1.3%).
Reported Earnings • May 16First quarter 2024 earnings released: EPS: €0.29 (vs €0.21 in 1Q 2023)First quarter 2024 results: EPS: €0.29 (up from €0.21 in 1Q 2023). Revenue: €136.0m (down 3.4% from 1Q 2023). Net income: €14.7m (up 40% from 1Q 2023). Profit margin: 11% (up from 7.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • May 10Now 21% undervaluedOver the last 90 days, the stock has risen 14% to €11.30. The fair value is estimated to be €14.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period.
お知らせ • Apr 28Piovan S.p.A., Annual General Meeting, Apr 29, 2024Piovan S.p.A., Annual General Meeting, Apr 29, 2024.
お知らせ • Apr 27+ 1 more updatePiovan S.p.A. to Report Nine Months, 2024 Results on Nov 13, 2024Piovan S.p.A. announced that they will report nine months, 2024 results on Nov 13, 2024
Recent Insider Transactions • Apr 11CEO, MD & Director recently sold €178k worth of stockOn the 5th of April, Filippo Zuppichin sold around 15k shares on-market at roughly €12.00 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Filippo's only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improves as stock rises 27%After last week's 27% share price gain to €12.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 74% over the past three years.
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: €0.97 (vs €0.68 in FY 2022)Full year 2023 results: EPS: €0.97 (up from €0.68 in FY 2022). Revenue: €570.5m (up 8.0% from FY 2022). Net income: €49.4m (up 43% from FY 2022). Profit margin: 8.7% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).
Buy Or Sell Opportunity • Mar 03Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €10.80. The fair value is estimated to be €8.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 28%.
Buy Or Sell Opportunity • Jan 19Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €10.05. The fair value is estimated to be €8.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 28%.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.92, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 12x in the Machinery industry in Italy. Total returns to shareholders of 125% over the past three years.
分析記事 • Nov 09Is Piovan (BIT:PVN) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Sep 13Second quarter 2023 earnings released: EPS: €0.23 (vs €0.14 in 2Q 2022)Second quarter 2023 results: EPS: €0.23 (up from €0.14 in 2Q 2022). Revenue: €149.3m (up 15% from 2Q 2022). Net income: €12.1m (up 68% from 2Q 2022). Profit margin: 8.1% (up from 5.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 29% per year.
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change).
Reported Earnings • May 12First quarter 2023 earnings released: EPS: €0.21 (vs €0.15 in 1Q 2022)First quarter 2023 results: EPS: €0.21 (up from €0.15 in 1Q 2022). Revenue: €141.1m (up 32% from 1Q 2022). Net income: €10.5m (up 34% from 1Q 2022). Profit margin: 7.5% (up from 7.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • May 08Upcoming dividend of €0.20 per share at 2.0% yieldEligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Italian dividend payers (5.2%). Higher than average of industry peers (1.0%).
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: €0.68 (vs €0.56 in FY 2021)Full year 2022 results: EPS: €0.68 (up from €0.56 in FY 2021). Revenue: €531.4m (up 87% from FY 2021). Net income: €34.6m (up 22% from FY 2021). Profit margin: 6.5% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jan 10With EPS Growth And More, Piovan (BIT:PVN) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.26 (vs €0.079 in 3Q 2021)Third quarter 2022 results: EPS: €0.26 (up from €0.079 in 3Q 2021). Revenue: €144.5m (up 118% from 3Q 2021). Net income: €13.7m (up 240% from 3Q 2021). Profit margin: 9.5% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: €0.26 (vs €0.079 in 3Q 2021)Third quarter 2022 results: EPS: €0.26 (up from €0.079 in 3Q 2021). Revenue: €144.5m (up 118% from 3Q 2021). Net income: €13.7m (up 240% from 3Q 2021). Profit margin: 9.5% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
分析記事 • Sep 15Piovan (BIT:PVN) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Sep 09Second quarter 2022 earnings released: EPS: €0.15 (vs €0.18 in 2Q 2021)Second quarter 2022 results: EPS: €0.15 (down from €0.18 in 2Q 2021). Revenue: €130.9m (up 65% from 2Q 2021). Net income: €7.20m (down 23% from 2Q 2021). Profit margin: 5.5% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year.
Buying Opportunity • May 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €10.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 6.7%.
Upcoming Dividend • May 02Upcoming dividend of €0.10 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (4.7%). In line with average of industry peers (1.2%).
Reported Earnings • Mar 28Full year 2021 earnings released: EPS: €0.56 (vs €0.35 in FY 2020)Full year 2021 results: EPS: €0.56 (up from €0.35 in FY 2020). Revenue: €287.0m (up 28% from FY 2020). Net income: €28.3m (up 61% from FY 2020). Profit margin: 9.9% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €8.60, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 18x in the Machinery industry in Italy. Total returns to shareholders of 27% over the past three years.
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 34% share price gain to €11.00, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 17x in the Machinery industry in Italy. Total returns to shareholders of 48% over the past three years.
分析記事 • Dec 13Piovan (BIT:PVN) Could Be Struggling To Allocate CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.079 (vs €0.072 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: €66.9m (up 35% from 3Q 2020). Net income: €4.01m (up 10% from 3Q 2020). Profit margin: 6.0% (down from 7.4% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.
Reported Earnings • Sep 09Second quarter 2021 earnings released: EPS €0.18 (vs €0.092 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €81.3m (up 63% from 2Q 2020). Net income: €9.29m (up 98% from 2Q 2020). Profit margin: 11% (up from 9.4% in 2Q 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • May 04Upcoming dividend of €0.13 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 1.8%. Lower than top quartile of Italian dividend payers (3.9%). Higher than average of industry peers (1.0%).
分析記事 • Mar 24Calculating The Intrinsic Value Of Piovan S.p.A. (BIT:PVN)How far off is Piovan S.p.A. ( BIT:PVN ) from its intrinsic value? Using the most recent financial data, we'll take a...
Reported Earnings • Mar 23Full year 2020 earnings released: EPS €0.35 (vs €0.37 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €225.2m (down 2.9% from FY 2019). Net income: €17.6m (down 5.7% from FY 2019). Profit margin: 7.8% (down from 8.1% in FY 2019). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to €7.51, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 21x in the Machinery industry in Italy. Total returns to shareholders of 92% over the past year.
分析記事 • Mar 11These 4 Measures Indicate That Piovan (BIT:PVN) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Feb 25The Returns At Piovan (BIT:PVN) Provide Us With Signs Of What's To ComeThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Is New 90 Day High Low • Feb 13New 90-day high: €6.16The company is up 31% from its price of €4.69 on 13 November 2020. The Italian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period.
分析記事 • Feb 10Is It Too Late To Consider Buying Piovan S.p.A. (BIT:PVN)?Piovan S.p.A. ( BIT:PVN ), is not the largest company out there, but it received a lot of attention from a substantial...
分析記事 • Jan 22Are Robust Financials Driving The Recent Rally In Piovan S.p.A.'s (BIT:PVN) Stock?Piovan (BIT:PVN) has had a great run on the share market with its stock up by a significant 22% over the last month...
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to €5.73, the stock is trading at a trailing P/E ratio of 16.2x, up from the previous P/E ratio of 13.8x. This compares to an average P/E of 21x in the Machinery industry in Italy. Total return to shareholders over the past year is a loss of 3.3%.
Is New 90 Day High Low • Jan 05New 90-day high: €5.37The company is up 13% from its price of €4.77 on 07 October 2020. The Italian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 13% over the same period.
分析記事 • Jan 04Reflecting on Piovan's (BIT:PVN) Share Price Returns Over The Last YearInvestors can approximate the average market return by buying an index fund. When you buy individual stocks, you can...
分析記事 • Dec 03Does Piovan (BIT:PVN) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Nov 20Is Piovan (BIT:PVN) Likely To Turn Things Around?Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS €0.074The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €50.2m (up 3.8% from 3Q 2019). Net income: €3.64m (up 11% from 3Q 2019). Profit margin: 7.3% (up from 6.8% in 3Q 2019). The increase in margin was driven by higher revenue.
Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 8.9%, compared to a 5.8% growth forecast for the Machinery industry in Italy.
Upcoming Dividend • Oct 19Upcoming Dividend of €0.11 Per ShareWill be paid on the 28th of October to those who are registered shareholders by the 26th of October. The trailing yield of 3.1% is below the top quartile of Italian dividend payers (5.7%), but it is higher than industry peers (1.1%).
Is New 90 Day High Low • Oct 13New 90-day high: €4.95The company is up 6.0% from its price of €4.65 on 15 July 2020. The Italian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 22% over the same period.