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PIRC

Pirelli & C BIT:PIRC Stock Report

Last Price

€4.51

Market Cap

€4.5b

7D

-5.0%

1Y

-3.9%

Updated

22 May, 2022

Data

Company Financials +
PIRC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends3/6

PIRC Stock Overview

Pirelli & C. S.p.A. manufactures and supplies tires for cars, motorcycles, and bicycles worldwide.

Pirelli & C Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pirelli & C
Historical stock prices
Current Share Price€4.51
52 Week High€6.73
52 Week Low€3.90
Beta1.3
1 Month Change-4.87%
3 Month Change-19.56%
1 Year Change-3.86%
3 Year Change-15.21%
5 Year Changen/a
Change since IPO-30.23%

Recent News & Updates

May 05
Returns On Capital At Pirelli & C (BIT:PIRC) Have Stalled

Returns On Capital At Pirelli & C (BIT:PIRC) Have Stalled

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Apr 12
What Is Pirelli & C. S.p.A.'s (BIT:PIRC) Share Price Doing?

What Is Pirelli & C. S.p.A.'s (BIT:PIRC) Share Price Doing?

While Pirelli & C. S.p.A. ( BIT:PIRC ) might not be the most widely known stock at the moment, it received a lot of...

Shareholder Returns

PIRCIT Auto ComponentsIT Market
7D-5.0%-2.7%0.7%
1Y-3.9%-2.3%-5.5%

Return vs Industry: PIRC underperformed the Italian Auto Components industry which returned -2.3% over the past year.

Return vs Market: PIRC exceeded the Italian Market which returned -5.5% over the past year.

Price Volatility

Is PIRC's price volatile compared to industry and market?
PIRC volatility
PIRC Average Weekly Movement7.0%
Auto Components Industry Average Movement6.7%
Market Average Movement6.2%
10% most volatile stocks in IT Market8.6%
10% least volatile stocks in IT Market4.0%

Stable Share Price: PIRC is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PIRC's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187230,991Marco Tronchetti Proverahttps://www.pirelli.com

Pirelli & C. S.p.A. manufactures and supplies tires for cars, motorcycles, and bicycles worldwide. It offers car tires under the P ZERO, Cinturato, Scorpion, Sottozero, Ice Zero, and Carrier brand names; motorcycle tires under the DIABLO Superbike, DIABLO Supercorsa, DIABLO Rain, DIABLO Wet, SCORPION MX, SCORPION Pro F.I.M., SCORPION XC, DIABLO Supercorsa SP, DIABLO Rosso Corsa, DIABLO Rosso III, ANGEL GT II, NIGHT DRAGON, MT 66 ROUTE, SCORPION Trail II, MT 60 RS, SCORPION Rally STR, DIABLO ROSSO Scooter, and ANGEL Scooter brands; motorsport tires under the P ZERO TROFEO R, SOTTOZERO, P7 Corsa, K, KM, RK, rain, and Slick brands; bike tires under the P Zero, Cinturato, and Scorpion brand names; and truck and bus tires. The company also provides Run Flat and Seal Inside specialties that enable cars to continue driving after a puncture; Pirelli Noise Cancelling System for reducing noise by rolling; and Elect, a line of tires for electric vehicles.

Pirelli & C Fundamentals Summary

How do Pirelli & C's earnings and revenue compare to its market cap?
PIRC fundamental statistics
Market Cap€4.51b
Earnings (TTM)€371.31m
Revenue (TTM)€5.88b

12.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PIRC income statement (TTM)
Revenue€5.88b
Cost of Revenue€1.81b
Gross Profit€4.07b
Other Expenses€3.69b
Earnings€371.31m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 04, 2022

Earnings per share (EPS)0.37
Gross Margin69.18%
Net Profit Margin6.32%
Debt/Equity Ratio84.3%

How did PIRC perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

43%

Payout Ratio

Does PIRC pay a reliable dividends?

See PIRC dividend history and benchmarks
When do you need to buy PIRC by to receive an upcoming dividend?
Pirelli & C dividend dates
Ex Dividend DateMay 23 2022
Dividend Pay DateMay 25 2022
Days until Ex dividend0 days
Days until Dividend pay date2 days

Does PIRC pay a reliable dividends?

See PIRC dividend history and benchmarks

Valuation

Is Pirelli & C undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


12.16x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: PIRC (€4.51) is trading above our estimate of fair value (€4.44)

Significantly Below Fair Value: PIRC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PIRC's PE Ratio (12.2x) is in line with the Italian Auto Components industry average.

PE vs Market: PIRC is good value based on its PE Ratio (12.2x) compared to the Italian market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: PIRC is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: PIRC's PB Ratio (0.9x) is in line with the IT Auto Components industry average.


Future Growth

How is Pirelli & C forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PIRC's forecast earnings growth (13.1% per year) is above the savings rate (1.7%).

Earnings vs Market: PIRC's earnings (13.1% per year) are forecast to grow faster than the Italian market (9.4% per year).

High Growth Earnings: PIRC's earnings are forecast to grow, but not significantly.

Revenue vs Market: PIRC's revenue (3.6% per year) is forecast to grow faster than the Italian market (-0.06% per year).

High Growth Revenue: PIRC's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PIRC's Return on Equity is forecast to be low in 3 years time (10%).


Past Performance

How has Pirelli & C performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PIRC has high quality earnings.

Growing Profit Margin: PIRC's current net profit margins (6.3%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: PIRC's earnings have declined by 8.3% per year over the past 5 years.

Accelerating Growth: PIRC's earnings growth over the past year (1076.2%) exceeds its 5-year average (-8.3% per year).

Earnings vs Industry: PIRC earnings growth over the past year (1076.2%) exceeded the Auto Components industry 38%.


Return on Equity

High ROE: PIRC's Return on Equity (7.4%) is considered low.


Financial Health

How is Pirelli & C's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PIRC's short term assets (€3.7B) exceed its short term liabilities (€3.0B).

Long Term Liabilities: PIRC's short term assets (€3.7B) do not cover its long term liabilities (€5.1B).


Debt to Equity History and Analysis

Debt Level: PIRC's net debt to equity ratio (66.5%) is considered high.

Reducing Debt: PIRC's debt to equity ratio has reduced from 203.4% to 84.3% over the past 5 years.

Debt Coverage: PIRC's debt is well covered by operating cash flow (20.7%).

Interest Coverage: PIRC's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Dividend

What is Pirelli & C current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PIRC's dividend (3.57%) is higher than the bottom 25% of dividend payers in the Italian market (1.62%).

High Dividend: PIRC's dividend (3.57%) is low compared to the top 25% of dividend payers in the Italian market (4.8%).


Stability and Growth of Payments

Stable Dividend: PIRC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PIRC has only been paying a dividend for 3 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.3%), PIRC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.4%), PIRC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.1yrs

Average management tenure


CEO

Marco Tronchetti Provera (73 yo)

1.33yrs

Tenure

€8,145,047

Compensation

Mr. Marco Tronchetti Provera serves as Executive Vice Chairman and Chief Executive Officer at Pirelli & C. S.p.A. He has been the Chief Executive Officer of PIRELLI & C. Società per Azioni (C. S.P.A) since...


CEO Compensation Analysis

Compensation vs Market: Marco's total compensation ($USD8.59M) is above average for companies of similar size in the Italian market ($USD1.96M).

Compensation vs Earnings: Marco's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PIRC's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: PIRC's board of directors are considered experienced (4.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pirelli & C. S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Pirelli & C. S.p.A.
  • Ticker: PIRC
  • Exchange: BIT
  • Founded: 1872
  • Industry: Tires and Rubber
  • Sector: Automobiles
  • Implied Market Cap: €4.514b
  • Shares outstanding: 1.00b
  • Website: https://www.pirelli.com

Number of Employees


Location

  • Pirelli & C. S.p.A.
  • Viale Piero e Alberto Pirelli n. 25
  • Milan
  • Milan
  • 20126
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.