An Intrinsic Calculation For Iveco Group N.V. (BIT:IVG) Suggests It's 23% Undervalued
Jan 20
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Italian (Borsa Italiana) Machinery Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies26
- 7D3.6%
- 3M2.6%
- 1Y-5.3%
- YTD2.4%
Over the last 7 days, the Machinery industry has risen 3.7%, driven by gains in Iveco Group and Interpump Group of 10% and 5.3%, respectively. In contrast, the industry has lost 5.2% in the last 12 months. As for the next few years, earnings are expected to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | €16.2b | €34.5b | €779.4m | 12.8x | 20.8x | 0.5x |
| Thu, 19 Dec 2024 | €16.1b | €34.3b | €775.2m | 13.2x | 20.7x | 0.5x |
| Sat, 16 Nov 2024 | €15.7b | €34.3b | €804.4m | 13.1x | 19.6x | 0.5x |
| Mon, 14 Oct 2024 | €15.6b | €34.6b | €950.0m | 13.3x | 16.4x | 0.5x |
| Wed, 11 Sep 2024 | €15.1b | €34.4b | €976.4m | 12x | 15.5x | 0.4x |
| Fri, 09 Aug 2024 | €15.8b | €34.4b | €994.7m | 12x | 15.8x | 0.5x |
| Sun, 07 Jul 2024 | €16.6b | €34.8b | €1.0b | 12x | 16.4x | 0.5x |
| Tue, 04 Jun 2024 | €17.4b | €34.8b | €1.0b | 12.2x | 17.1x | 0.5x |
| Thu, 02 May 2024 | €16.9b | €34.9b | €1.1b | 12.1x | 14.9x | 0.5x |
| Sat, 30 Mar 2024 | €18.1b | €34.9b | €1.1b | 11.8x | 15.9x | 0.5x |
| Mon, 26 Feb 2024 | €17.1b | €34.8b | €1.0b | 12.8x | 16.4x | 0.5x |
| Wed, 24 Jan 2024 | €16.7b | €35.1b | €1.2b | 12.4x | 13.9x | 0.5x |
| Fri, 22 Dec 2023 | €16.6b | €35.1b | €1.2b | 12x | 13.9x | 0.5x |
| Sun, 19 Nov 2023 | €15.7b | €35.1b | €1.2b | 12.1x | 13.1x | 0.4x |
| Tue, 17 Oct 2023 | €15.8b | €35.0b | €1.0b | 10.8x | 15.1x | 0.5x |
| Thu, 14 Sep 2023 | €16.7b | €34.6b | €1.0b | 11.3x | 15.9x | 0.5x |
| Sat, 12 Aug 2023 | €17.4b | €34.5b | €1.1b | 12.4x | 16.4x | 0.5x |
| Mon, 10 Jul 2023 | €17.6b | €33.5b | €719.4m | 13.2x | 24.4x | 0.5x |
| Wed, 07 Jun 2023 | €17.8b | €33.5b | €719.3m | 13.5x | 24.8x | 0.5x |
| Fri, 05 May 2023 | €17.5b | €33.0b | €687.2m | 14.3x | 25.5x | 0.5x |
| Sun, 02 Apr 2023 | €18.3b | €32.9b | €691.7m | 14.2x | 26.4x | 0.6x |
| Tue, 28 Feb 2023 | €19.2b | €31.9b | €757.7m | 12.6x | 25.3x | 0.6x |
| Thu, 26 Jan 2023 | €16.9b | €30.7b | €541.4m | 12.3x | 31.2x | 0.6x |
| Sat, 24 Dec 2022 | €14.8b | €30.7b | €541.4m | 11.6x | 27.3x | 0.5x |
| Mon, 21 Nov 2022 | €15.2b | €30.7b | €541.1m | 10.8x | 28x | 0.5x |
| Wed, 19 Oct 2022 | €14.3b | €29.8b | €472.5m | 10.8x | 30.2x | 0.5x |
| Fri, 16 Sep 2022 | €14.3b | €29.7b | €382.1m | 13.4x | 37.6x | 0.5x |
| Sun, 14 Aug 2022 | €15.6b | €29.7b | €374.3m | 14.4x | 41.7x | 0.5x |
| Tue, 12 Jul 2022 | €11.9b | €28.0b | €550.2m | 14.1x | 21.6x | 0.4x |
| Thu, 09 Jun 2022 | €13.2b | €28.0b | €550.2m | 16.4x | 24x | 0.5x |
| Sat, 07 May 2022 | €11.2b | €27.6b | €526.3m | 17.7x | 21.2x | 0.4x |
| Mon, 04 Apr 2022 | €12.6b | €27.5b | €592.5m | 18.6x | 21.3x | 0.5x |
| Wed, 02 Mar 2022 | €11.5b | €26.5b | €339.6m | 18.2x | 33.8x | 0.4x |
| Fri, 28 Jan 2022 | €13.5b | €26.5b | €516.7m | 17.5x | 26.2x | 0.5x |
Price to Earnings Ratio
26.2x
Current Industry PE
- Investors are relatively neutral on the Italian Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 21.9x.
- The industry is trading close to its 3-year average PS ratio of 0.48x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 9.2% 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 | 3.37% | |
| Industrials | 5.01% | |
| Machinery | 3.57% | |
| Construction Machinery and Vehicles | 5.16% | |
| Industrial Machinery | 3.46% | |
| Agricultural Machinery | -4.29% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry even though it's trading below its 3-year average PE ratio of 32.0x.
- Analysts are expecting annual earnings growth of 56.6%, which is higher than its past year's earnings growth of 14.7% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 12.2x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 3.1% per year 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 | |
|---|---|---|---|---|---|
| IVG Iveco Group | €10.55 | 13.3% +€328.3m | 15.9% | PE12x | |
| IP Interpump Group | €44.18 | 4.6% +€209.2m | -3.3% | PE21.9x | |
| DAN Danieli & C. Officine Meccaniche | €25.00 | 3.7% +€66.6m | -19.7% | PE7.7x | |
| DNR Industrie De Nora | €7.34 | 3.1% +€43.7m | -49.4% | PE17.3x | |
| GVS GVS | €4.77 | 3.5% +€28.0m | -9.9% | PE48x |
