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

Fundamentals

Reasonable growth potential with mediocre balance sheet.

Risks

  • Pininfarina has significant price volatility in the past 3 months.
  • Pininfarina is covered by less than 3 analysts.

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


Market Performance


7 Day Return

5.8%

BIT:PINF

-4.6%

IT Auto

-0.4%

IT Market


1 Year Return

-47.9%

BIT:PINF

-17.8%

IT Auto

-3.0%

IT Market

PINF underperformed the Auto industry which returned -17.8% over the past year.

PINF underperformed the Market in Italy which returned -3% over the past year.


Share holder returns

PINFIndustryMarket
7 Day5.8%-4.6%-0.4%
30 Day-15.2%-7.8%-5.5%
90 Day-31.6%-6.9%-2.3%
1 Year-47.9%-47.9%-5.4%-17.8%1.2%-3.0%
3 Year3.4%-26.0%114.6%85.3%22.2%5.8%
5 Year-46.9%-62.0%1.0%-14.3%9.6%-34.8%

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 based on future cash flows and its price relative to the stock market?

1.13x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Pininfarina to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Pininfarina to establish if it is available at substantial discount.


Price Based on Earnings

Pininfarina is loss making, we can't compare its value to the Europe Auto industry average.

Pininfarina is loss making, we can't compare the value of its earnings to the Italy market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Pininfarina, we can't assess if its growth is good value.


Price Based on Value of Assets

Pininfarina is overvalued based on assets compared to the IT Auto industry average.


Next Steps

Future Growth

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

5.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Pininfarina's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).

Pininfarina's earnings are expected to grow significantly at over 20% yearly.

Pininfarina's revenue growth is expected to exceed the Italy market average.

Pininfarina's earnings growth is expected to exceed the Italy market average.

Pininfarina's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Pininfarina will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Pininfarina performed over the past 5 years?

26.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Pininfarina does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Pininfarina's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Pininfarina's 1-year growth to the Europe Auto industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Pininfarina has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Pininfarina has efficiently used its assets last year compared to the Europe Auto industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Pininfarina improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Pininfarina's financial position?


Financial Position Analysis

Pininfarina is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Pininfarina's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Pininfarina's level of debt (47%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (172.4% vs 47% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on Pininfarina's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.4x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Pininfarina's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Pininfarina's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Pininfarina has not reported any payouts.

Unable to verify if Pininfarina's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Pininfarina has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Pininfarina's dividends in 3 years as they are not expected to pay a notable one for Italy.


Next Steps

Management

What is the CEO of Pininfarina's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average board tenure


CEO

Silvio Angori (58yo)

0.0yrs

Tenure

€729,670

Compensation

Mr. Silvio Pietro Angori has been the Chief Executive Officer of Pininfarina SpA and served as its Chief Operating Officer since December 6, 2006. Mr. Angori served as Managing Director of Pininfarina SpA  ...


CEO Compensation Analysis

Silvio's remuneration is higher than average for companies of similar size in Italy.

Silvio's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

3.0yrs

Average Tenure

58yo

Average Age

The tenure for the Pininfarina board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Gianfranco Albertini

    Secretary to the Board of Directors & Manager of Financial Reporting

    • Tenure: 0.0yrs
    • Compensation: €450.40k
  • Silvio Angori (58yo)

    CEO & Director

    • Tenure: 0.0yrs
    • Compensation: €729.67k

Board Members

  • CP Gurnani (60yo)

    Director

    • Tenure: 3.0yrs
  • Paolo Pininfarina

    Chairman

    • Tenure: 11.0yrs
    • Compensation: €178.00k
  • Silvio Angori (58yo)

    CEO & Director

    • Tenure: 0.0yrs
    • Compensation: €729.67k
  • Manoj Bhat

    Director

    • Tenure: 3.0yrs
  • Romina Guglielmetti (46yo)

    Independent Director

    • Tenure: 0.0yrs
  • Licia Mattioli

    Independent Director

    • Tenure: 0.0yrs
    • Compensation: €27.00k
  • Massimo Miani

    Chairman of the Board of Statutory Auditors

    • Tenure: 1.3yrs
  • Jay Itzkowitz

    Independent Director

    • Tenure: 3.0yrs
  • Sara Miglioli

    Independent Director

    • Tenure: 3.0yrs
  • Antony Sheriff

    Independent Director

    • Tenure: 3.0yrs

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: €67.188m
  • 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
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 Desig ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 20:37
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
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.