Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. More Details
Reasonable growth potential second-rate dividend payer.
Share Price & News
How has Piaggio & C's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PIA has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PIA underperformed the Italian Auto industry which returned -7.4% over the past year.
Return vs Market: PIA underperformed the Italian Market which returned -18% over the past year.
Price Volatility Vs. Market
How volatile is Piaggio & C's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes Piaggio & C. SpA (BIT:PIA) Create Value For Shareholders?
1 month ago | Simply Wall StAre Dividend Investors Getting More Than They Bargained For With Piaggio & C. SpA's (BIT:PIA) Dividend?
1 month ago | Simply Wall StIs Piaggio & C (BIT:PIA) A Risky Investment?
Is Piaggio & C undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PIA (€2.19) is trading above our estimate of fair value (€1.3)
Significantly Below Fair Value: PIA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PIA is poor value based on its PE Ratio (36.7x) compared to the XE Auto industry average (19.7x).
PE vs Market: PIA is poor value based on its PE Ratio (36.7x) compared to the Italian market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: PIA is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: PIA is overvalued based on its PB Ratio (2.1x) compared to the IT Auto industry average (1.9x).
How is Piaggio & C forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PIA's forecast earnings growth (50.8% per year) is above the savings rate (2%).
Earnings vs Market: PIA's earnings (50.8% per year) are forecast to grow faster than the Italian market (24% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PIA's revenue (11.3% per year) is forecast to grow faster than the Italian market (3.3% per year).
High Growth Revenue: PIA's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PIA's Return on Equity is forecast to be low in 3 years time (15.8%).
How has Piaggio & C performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIA has a large one-off loss of €11.6M impacting its June 30 2020 financial results.
Growing Profit Margin: PIA's current net profit margins (1.6%) are lower than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: PIA's earnings have grown significantly by 27.7% per year over the past 5 years.
Accelerating Growth: PIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PIA had negative earnings growth (-51.7%) over the past year, making it difficult to compare to the Auto industry average (-44.9%).
Return on Equity
High ROE: PIA's Return on Equity (5.8%) is considered low.
How is Piaggio & C's financial position?
Financial Position Analysis
Short Term Liabilities: PIA's short term assets (€572.9M) do not cover its short term liabilities (€660.3M).
Long Term Liabilities: PIA's short term assets (€572.9M) do not cover its long term liabilities (€623.1M).
Debt to Equity History and Analysis
Debt Level: PIA's debt to equity ratio (180.2%) is considered high.
Reducing Debt: PIA's debt to equity ratio has reduced from 209% to 180.2% over the past 5 years.
Debt Coverage: PIA's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: PIA's interest payments on its debt are not well covered by EBIT (3x coverage).
What is Piaggio & C current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PIA's dividend (5.03%) is higher than the bottom 25% of dividend payers in the Italian market (1.61%).
High Dividend: PIA's dividend (5.03%) is low compared to the top 25% of dividend payers in the Italian market (5.67%).
Stability and Growth of Payments
Stable Dividend: PIA's dividend payments have been volatile in the past 10 years.
Growing Dividend: PIA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (92.4%), PIA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PIA's dividends in 3 years are forecast to be covered by earnings (70% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Roberto Colaninno (77 yo)
Mr. Roberto Colaninno has been the Chief Executive Officer of Piaggio & C. SpA since November 26, 2006 and served as its President and Director in charge of Internal Audit. Mr. Colaninno serves as Managing ...
CEO Compensation Analysis
Compensation vs Market: Roberto's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.27M).
Compensation vs Earnings: Roberto's compensation has been consistent with company performance over the past year.
|Chairman & CEO||14yrs||€1.29m||no data|
|Chief Financial Officer||1yr||no data||no data|
|Executive VP & Head of Investor Relations||9.75yrs||no data||no data|
|General Counsel & Member of Supervisory Body||11.75yrs||no data||no data|
|Executive Vice President of Marketing & Communication||6.92yrs||no data||no data|
|Executive Vice President of Human Resources||11.75yrs||no data||no data|
|Executive Vice President of 2 Wheeler Italy & EMEA Market||6yrs||no data||no data|
|Executive Vice President of Asia Pacifc 2 Wheeler - China||6yrs||no data||no data|
|Executive Vice President of 3-4 Wheeler EMEA & Emerging Markets||6yrs||no data||no data|
|Executive Vice President of 3-4 Wheeler Product Development||6.58yrs||no data||no data|
|Executive Vice President of Corporate Press Office||4.25yrs||no data||no data|
|Executive Vice President of Business Unit Aftersales||3.33yrs||no data||no data|
Experienced Management: PIA's management team is seasoned and experienced (6.3 years average tenure).
|Chairman & CEO||14yrs||€1.29m||no data|
|Chairman & CEO of Piaggio Group Americas||6.25yrs||no data||no data|
|Independent Director||5.5yrs||€52.46k||no data|
|Deputy Chairman||16.75yrs||€100.00k||no data|
|Independent Director||5.5yrs||€28.82k||no data|
|Chairman of Piaggio Vehicles Private Ltd||no data||no data||no data|
|Lead Independent Director||no data||€43.23k||no data|
|Independent Director||5.5yrs||€28.82k||no data|
|Independent Director||no data||€40.00k||no data|
|Chairman of Board of Statutory Auditors||5.5yrs||no data||no data|
|Independent Director||2.5yrs||no data||no data|
Experienced Board: PIA's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Piaggio & C. SpA's company bio, employee growth, exchange listings and data sources
- Name: Piaggio & C. SpA
- Ticker: PIA
- Exchange: BIT
- Founded: 1884
- Industry: Motorcycle Manufacturers
- Sector: Automobiles
- Market Cap: €780.675m
- Shares outstanding: 357.12m
- Website: https://www.piaggiogroup.com
Number of Employees
- Piaggio & C. SpA
- Viale Rinaldo Piaggio, 25
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PIA||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Jul 2006|
|P1I||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2006|
|PIAG.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jul 2006|
|0FM1||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jul 2006|
|PIAM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Jul 2006|
Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. It provides two-wheelers, including scooters, motorcycles, and mopeds, a ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/27 20:38|
|End of Day Share Price||2020/10/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.