BIT:PINF

Stock Analysis Report

Executive Summary

Pininfarina S.p.A., together with its subsidiaries, designs, manufactures, and sells spare parts for cars in Italy, Germany, China, and the United States.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Pininfarina's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PINF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.1%

PINF

-4.3%

IT Auto

-7.6%

IT Market


1 Year Return

-41.5%

PINF

-9.1%

IT Auto

8.7%

IT Market

Return vs Industry: PINF underperformed the Italian Auto industry which returned -13.8% over the past year.

Return vs Market: PINF underperformed the Italian Market which returned 7.4% over the past year.


Shareholder returns

PINFIndustryMarket
7 Day-7.1%-4.3%-7.6%
30 Day-12.5%-1.3%-0.7%
90 Day-13.4%-13.1%-1.1%
1 Year-41.5%-41.5%4.6%-9.1%13.5%8.7%
3 Year-4.1%-31.4%31.4%13.1%27.1%14.3%
5 Year-53.2%-66.5%-21.8%-34.1%10.0%-27.5%

Price Volatility Vs. Market

How volatile is Pininfarina's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PINF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PINF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PINF is unprofitable, so we can't compare its PE Ratio to the Auto industry average.

PE vs Market: PINF is unprofitable, so we can't compare its PE Ratio to the Italian market.


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 is good value based on its PB Ratio (1.4x) compared to the IT Auto industry average (1.4x).


Next Steps

Future Growth

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

7.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PINF's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if PINF's earnings are forecast to grow faster than the Italian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PINF's revenue (7.7% per year) is forecast to grow faster than the Italian market (4.2% per year).

High Growth Revenue: PINF's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PINF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Pininfarina performed over the past 5 years?

13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PINF is currently unprofitable.

Growing Profit Margin: PINF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PINF is unprofitable, but has reduced losses over the past 5 years at a rate of 13.8% per year.

Accelerating Growth: Unable to compare PINF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PINF is unprofitable, making it difficult to compare its past year earnings growth to the Auto industry (2.3%).


Return on Equity

High ROE: PINF has a negative Return on Equity (-12.67%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pininfarina's financial position?


Financial Position Analysis

Short Term Liabilities: PINF's short term assets (€70.8M) exceed its short term liabilities (€50.4M).

Long Term Liabilities: PINF's short term assets (€70.8M) exceed its long term liabilities (€33.4M).


Debt to Equity History and Analysis

Debt Level: PINF's debt to equity ratio (53.1%) is considered high.

Reducing Debt: PINF's debt to equity ratio has reduced from 151.5% to 53.1% over the past 5 years.


Balance Sheet

Inventory Level: PINF has a high level of physical assets or inventory.

Debt Coverage by Assets: PINF's debt is covered by short term assets (assets are 2.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PINF has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: PINF has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%4.7%industryaverage4.0%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PINF's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

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

3.5yrs

Average board tenure


CEO

Silvio Angori (58yo)

€729,670

Compensation

Mr. Silvio Pietro Angori has been 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 as ...


CEO Compensation Analysis

Compensation vs Market: Silvio's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD343.78K).

Compensation vs Earnings: Silvio's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Silvio Angori
CEO, COO & Director0yrs€729.67kno data
Chander Gurnani
Director3.5yrsno datano data
Paolo Pininfarina
Chairman11.5yrs€178.00kno data
Manoj Bhat
Director3.5yrsno datano data
Romina Guglielmetti
Independent Director0yrsno datano data
Licia Mattioli
Independent Director0yrs€27.00kno data
Massimo Miani
Chairman of the Board of Statutory Auditors1.8yrsno datano data
Jay Itzkowitz
Independent Director3.5yrsno datano data
Sara Miglioli
Independent Director3.5yrsno datano data
Antony Sheriff
Independent Director3.5yrsno datano data

3.5yrs

Average Tenure

58yo

Average Age

Experienced Board: PINF's board of directors are considered experienced (3.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pininfarina S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pininfarina S.p.A.
  • Ticker: PINF
  • Exchange: BIT
  • Founded: 1930
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: €76.305m
  • Shares outstanding: 54.27m
  • Website: https://www.pininfarina.it

Number of Employees


Location

  • Pininfarina S.p.A.
  • Via Nazionale, 30
  • Cambiano
  • Turin
  • 10020
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNIN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
PNFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
PINFBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
0FNILSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
PINFMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Pininfarina S.p.A., together with its subsidiaries, designs, manufactures, and sells spare parts for cars in Italy, Germany, China, and the United States. The company operates through, Operations and Design & Engineering segments. It offers design, engineering, and custom-built vehicles. The company also engages in the lease business for the production of electric cars for the car sharing service and support functions. In addition, it provides automotive design, architecture and interiors, transportation design, industrial design, engineering, wind tunnel, and sustainable mobility services. Pininfarina S.p.A. primarily serves automotive, industrial, civil architectural, nautical, and transportation industries. The company was founded in 1930 and is headquartered in Cambiano, Italy. Pininfarina S.p.A. is a subsidiary of PF Holdings BV. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 20:40
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.