Is It Time To Consider Buying Pirelli & C. S.p.A. (BIT:PIRC)?
Pirelli & C. S.p.A. ( BIT:PIRC ), might not be a large cap stock, but it saw a double-digit share price rise of over...
Has the Italian Auto Components Industry valuation changed over the past few years?
|Thu, 09 Dec 2021||€10.6b||€11.7b||€532.9m||18.7x|
|Sat, 06 Nov 2021||€10.3b||€11.5b||€524.2m||21.9x|
|Mon, 04 Oct 2021||€9.5b||€11.6b||€532.0m||19.8x|
|Wed, 01 Sep 2021||€10.0b||€11.5b||€521.1m||18.2x|
|Thu, 08 Jul 2021||€9.3b||€11.5b||€521.1m||16.6x|
|Wed, 31 Mar 2021||€9.3b||€10.2b||€163.2m||89.4x|
|Sat, 02 Jan 2021||€8.7b||€10.0b||€94.6m||87.2x|
|Tue, 06 Oct 2020||€7.1b||€9.8b||€349.9m||21.8x|
|Fri, 10 Jul 2020||€7.5b||€11.7b||€468.3m||11.8x|
|Thu, 02 Apr 2020||€6.5b||€13.7b||€915.7m||8.1x|
|Sun, 05 Jan 2020||€10.1b||€14.0b||€1.1b||13.4x|
|Wed, 09 Oct 2019||€9.5b||€14.4b||€718.9m||16.5x|
|Tue, 02 Jul 2019||€9.7b||€14.5b||€854.7m||18x|
|Fri, 05 Apr 2019||€10.4b||€14.7b||€736.0m||17.6x|
|Mon, 07 Jan 2019||€9.7b||€14.2b||€781.6m||12.9x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 18.7x which is lower than its 3-year average PE of 28.6x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Auto Components industry have declined 12% per year over the last three years, and revenues have also declined 6.2% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.
Which industries have driven the changes within the Italian Auto Components industry?
|Tires and Rubber||6.20%|
|Auto Parts and Equipment||2.98%|
Industry PE: Investors are most optimistic about the Tires and Rubber industry even though it's trading below its 3-year average PE ratio of 50.8x. However analysts are expecting annual earnings growth of 21%, which is lower than the prior year's growth of 562% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Auto Parts and Equipment industry, which is trading below its 3-year average of 19.6x.
Forecasted Growth: Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 21% over the next 5 years. Meanwhile, the Auto Parts and Equipment industry is expected to see its earnings grow by 19% per year over the next few years.
Pirelli & C