Pininfarina (BIT:PINF) - Share price, News & Analysis

PINF fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

PINF Stock Overview

Pininfarina S.p.A., together with its subsidiaries, engages in the design, engineering, and sales of spare parts and prototypes in Italy, Germany, China, and the United States.

Rewards

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Does not have a meaningful market cap (€66M)

Pininfarina Competitors

Mercedes-Benz Group

XTRA:MBG

€67.7b

Bayerische Motoren Werke

XTRA:BMW

€50.9b

Porsche Automobil Holding

XTRA:PAH3

€21.9b

Price History & Performance

Summary of all time highs, changes and price drops for Pininfarina
Historical stock prices
Current Share Price	€0.84
52 Week High	€1.13
52 Week Low	€0.75
Beta	1.26
1 Month Change	-4.31%
3 Month Change	-7.66%
1 Year Change	-19.62%
3 Year Change	-52.32%
5 Year Change	-72.05%
Change since IPO	-94.29%

Recent News & Updates

May 22

We Believe Pininfarina's (BIT:PINF) Earnings Are A Poor Guide For Its Profitability

We didn't see Pininfarina S.p.A.'s ( BIT:PINF ) stock surge when it reported robust earnings recently. We decided to...

Mar 23

Is Pininfarina (BIT:PINF) Using Debt In A Risky Way?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 23

Here's Why Pininfarina (BIT:PINF) Can Afford Some Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

	PINF	IT Auto	IT Market
7D	1.0%	-1.6%	0.7%
1Y	-19.6%	-11.9%	-5.5%

Return vs Industry: PINF underperformed the Italian Auto industry which returned -11.9% over the past year.

Return vs Market: PINF underperformed the Italian Market which returned -5.5% over the past year.

Price Volatility

Is PINF's price volatile compared to industry and market?
PINF volatility
PINF Average Weekly Movement	6.1%
Auto Industry Average Movement	7.0%
Market Average Movement	6.2%
10% most volatile stocks in IT Market	8.6%
10% least volatile stocks in IT Market	4.0%

Stable Share Price: PINF is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PINF's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1930	486	Silvio Angori	https://www.pininfarina.it

Pininfarina S.p.A., together with its subsidiaries, engages in the design, engineering, and sales of spare parts and prototypes in Italy, Germany, China, and the United States. The company operates through Design and Engineering segments. It also provides aerodynamic and aeroacoustics, automotive engineering, bespoke, and wind tunnel services.

Pininfarina Fundamentals Summary

How do Pininfarina's earnings and revenue compare to its market cap?
PINF fundamental statistics
Market Cap	€66.39m
Earnings (TTM)	€3.03m
Revenue (TTM)	€67.58m

21.9x

P/E Ratio

1.0x

P/S Ratio

Is PINF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PINF income statement (TTM)
Revenue	€67.58m
Cost of Revenue	€19.70m
Gross Profit	€47.89m
Other Expenses	€44.86m
Earnings	€3.03m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 03, 2022

Earnings per share (EPS)	0.038
Gross Margin	70.86%
Net Profit Margin	4.48%
Debt/Equity Ratio	41.6%

How did PINF perform over the long term?

See historical performance and comparison

Valuation

Is Pininfarina undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

21.94x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PINF's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PINF's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: PINF is poor value based on its PE Ratio (21.9x) compared to the European Auto industry average (9.2x).

PE vs Market: PINF is poor value based on its PE Ratio (21.9x) compared to the Italian market (17.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PINF's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: PINF's PB Ratio (1.7x) is in line with the IT Auto industry average.

Future Growth

How is Pininfarina forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

3.7%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pininfarina has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Pininfarina performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-45.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PINF has a large one-off gain of €5.4M impacting its March 31 2022 financial results.

Growing Profit Margin: PINF became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: PINF has become profitable over the past 5 years, growing earnings by -45.2% per year.

Accelerating Growth: PINF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PINF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto industry (56.9%).

Return on Equity

High ROE: PINF's Return on Equity (7.7%) is considered low.

Financial Health

How is Pininfarina's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: PINF's short term assets (€50.3M) exceed its short term liabilities (€33.8M).

Long Term Liabilities: PINF's short term assets (€50.3M) exceed its long term liabilities (€20.9M).

Debt to Equity History and Analysis

Debt Level: PINF has more cash than its total debt.

Reducing Debt: PINF's debt to equity ratio has increased from 26.3% to 41.6% over the past 5 years.

Debt Coverage: PINF's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if PINF's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is Pininfarina current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PINF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PINF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PINF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PINF's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PINF has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure

CEO

Silvio Angori (60 yo)

15.42yrs

Tenure

€729,670

Compensation

Mr. Silvio Pietro Angori serves as the Chief Executive Officer and Chief Operating Officer of Pininfarina SpA and Mr. Angori served as Managing Director of Pininfarina SpA until August 9, 2016. He served a...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Silvio's total compensation is reasonable compared to companies of similar size in the Italian market.

Compensation vs Earnings: Insufficient data to compare Silvio's compensation with company performance.

Leadership Team

Experienced Management: PINF's management team is considered experienced (2.8 years average tenure).

Board Members

Experienced Board: PINF's board of directors are considered experienced (5.8 years average tenure).

Ownership

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.

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 44.9%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31