Is Now The Time To Look At Buying Iveco Group N.V. (BIT:IVG)?
Apr 18
Italian (Borsa Italiana) Machinery Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies27
- 7D-3.4%
- 3M-0.2%
- 1Y-4.8%
- YTD1.8%
Over the last 7 days, the Machinery industry has dropped 2.2%, driven by declines in Iveco Group and Industrie De Nora of 4.9% and 5.7%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Italian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | €16.7b | €34.9b | €1.1b | 12.3x | 14.6x | 0.5x |
| Sun, 24 Mar 2024 | €18.1b | €34.8b | €1.1b | 11.8x | 16.2x | 0.5x |
| Tue, 20 Feb 2024 | €16.9b | €34.8b | €1.0b | 12.8x | 16.2x | 0.5x |
| Thu, 18 Jan 2024 | €16.7b | €35.1b | €1.2b | 12x | 13.9x | 0.5x |
| Sat, 16 Dec 2023 | €16.5b | €35.1b | €1.2b | 12x | 13.7x | 0.5x |
| Mon, 13 Nov 2023 | €15.1b | €669.5b | €199.0b | 11x | 0.08x | 0.02x |
| Wed, 11 Oct 2023 | €16.0b | €35.0b | €1.0b | 10.9x | 15.3x | 0.5x |
| Fri, 08 Sep 2023 | €17.0b | €34.6b | €1.0b | 11.8x | 16.2x | 0.5x |
| Sun, 06 Aug 2023 | €17.9b | €34.5b | €1.1b | 12.5x | 16.8x | 0.5x |
| Tue, 04 Jul 2023 | €17.7b | €33.5b | €719.4m | 13.4x | 24.5x | 0.5x |
| Thu, 01 Jun 2023 | €17.6b | €33.5b | €719.3m | 13.8x | 24.5x | 0.5x |
| Sat, 29 Apr 2023 | €17.9b | €33.0b | €687.2m | 15x | 26.1x | 0.5x |
| Mon, 27 Mar 2023 | €13.9b | €32.0b | €596.3m | 12.5x | 23.3x | 0.4x |
| Wed, 22 Feb 2023 | €18.8b | €31.9b | €757.7m | 12.5x | 24.8x | 0.6x |
| Fri, 20 Jan 2023 | €16.6b | €30.7b | €541.4m | 12.3x | 30.7x | 0.5x |
| Sun, 18 Dec 2022 | €15.0b | €30.7b | €541.4m | 10.8x | 27.6x | 0.5x |
| Tue, 15 Nov 2022 | €15.4b | €30.7b | €534.8m | 11.3x | 28.8x | 0.5x |
| Thu, 13 Oct 2022 | €13.5b | €30.0b | €481.1m | 10.7x | 28.2x | 0.5x |
| Sat, 10 Sep 2022 | €14.7b | €29.7b | €379.0m | 13.3x | 38.7x | 0.5x |
| Mon, 08 Aug 2022 | €15.5b | €29.7b | €374.3m | 14.2x | 41.4x | 0.5x |
| Wed, 06 Jul 2022 | €11.0b | €28.0b | €550.2m | 14x | 20x | 0.4x |
| Fri, 03 Jun 2022 | €12.3b | €27.9b | €538.2m | 16.2x | 22.9x | 0.4x |
| Sun, 01 May 2022 | €11.7b | €27.6b | €598.3m | 18.4x | 19.5x | 0.4x |
| Tue, 29 Mar 2022 | €12.8b | €27.4b | €588.3m | 19.2x | 21.8x | 0.5x |
| Thu, 24 Feb 2022 | €12.2b | €26.5b | €339.6m | 19.7x | 35.8x | 0.5x |
| Sat, 22 Jan 2022 | €14.1b | €26.5b | €516.7m | 17.6x | 27.3x | 0.5x |
| Mon, 20 Dec 2021 | €11.8b | €13.8b | €333.0m | 17.6x | 35.4x | 0.9x |
| Wed, 17 Nov 2021 | €12.0b | €13.8b | €333.0m | 17.7x | 36x | 0.9x |
| Fri, 15 Oct 2021 | €11.7b | €13.7b | €312.4m | 16.9x | 37.5x | 0.9x |
| Sun, 12 Sep 2021 | €11.7b | €12.8b | €266.7m | 26.6x | 44x | 0.9x |
| Tue, 10 Aug 2021 | €10.9b | €12.8b | €266.7m | 25.3x | 40.9x | 0.9x |
| Mon, 03 May 2021 | €9.0b | €12.0b | €116.9m | 23.6x | 77.4x | 0.8x |
Price to Earnings Ratio
77.4x
Current Industry PE
- Investors are pessimistic on the Italian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.9x which is lower than its 3-year average PE of 29.6x.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 114% per year over the last three years.
- Revenues for these companies have grown 43% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Industrials industry?
| IT Market | -0.20% | |
| Industrials | -1.54% | |
| Machinery | -3.39% | |
| Agricultural Machinery | 1.50% | |
| Industrial Machinery | -2.04% | |
| Construction Machinery and Vehicles | -7.60% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 23.6x.
- Analysts are expecting annual earnings growth of 37.9%, which is lower than the prior year's growth of 48.3% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 13.8x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 38% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| COM Comer Industries | €33.80 | 1.5% +€14.3m | 0.9% | PE10.3x | |
| PVN Piovan | €12.30 | 2.1% +€12.8m | 21.8% | PE12.7x | |
| AV Antares Vision | €2.66 | 5.3% +€9.7m | -59.1% | PE21.3x | |
| OMER OMER | €3.23 | 4.9% +€4.3m | 12.2% | PE11.5x | |
| TES Tesmec | €0.093 | 2.9% +€1.6m | -42.3% | PS0.2x |
