Pirelli & C. S.p.A.

BIT:PIRC Stock Report

Market Cap: €6.6b

Pirelli & C Balance Sheet Health

Financial Health criteria checks 5/6

Pirelli & C has a total shareholder equity of €6.9B and total debt of €2.7B, which brings its debt-to-equity ratio to 39.8%. Its total assets and total liabilities are €13.5B and €6.7B respectively. Pirelli & C's EBIT is €907.4M making its interest coverage ratio 13.7. It has cash and short-term investments of €1.0B.

Key information

39.76%

Debt to equity ratio

€2.73b

Debt

Interest coverage ratio13.7x
Cash€1.01b
Equity€6.86b
Total liabilities€6.66b
Total assets€13.52b

Recent financial health updates

Recent updates

Narrative Update May 21

PIRC: Dividend Visibility And Refined Assumptions Will Support Future Re Rating

Analysts have inched their price target for Pirelli & C. up by €0.09 to €6.50, citing refreshed assumptions around fair value, discount rate, revenue growth and forward P/E that are broadly in line with recent Street research.
Analysis Article May 11

Analysts Are Updating Their Pirelli & C. S.p.A. (BIT:PIRC) Estimates After Its First-Quarter Results

It's been a good week for Pirelli & C. S.p.A. ( BIT:PIRC ) shareholders, because the company has just released its...
Narrative Update May 05

PIRC: Dividend Visibility And Stable Assumptions Will Support Future Re Rating

Analysts have maintained their €7.04 price target for Pirelli & C., reflecting only minor adjustments to inputs such as the discount rate, revenue growth and profit margin assumptions, rather than any change in the overall view on the stock. What's in the News Pirelli & C.
Analysis Article May 01

Pirelli & C (BIT:PIRC) Strong Profits May Be Masking Some Underlying Issues

Pirelli & C. S.p.A.'s ( BIT:PIRC ) robust recent earnings didn't do much to move the stock. We think this is due to...
Narrative Update Apr 20

PIRC: Higher P/E Confidence And Dividend Visibility Will Support Future Re Rating

Narrative Update The analyst price target for Pirelli & C. has been adjusted slightly as analysts balance a small change in fair value.
Narrative Update Apr 05

PIRC: High Value Mix And Cash Returns Will Support Future Re Rating

Analysts have made a modest adjustment to the average price target for Pirelli & C., reflecting a blend of a €0.20 uplift at one firm and a €0.40 trim at another. The latest views are supported by a focus on cash returns and higher value tire exposure.
Narrative Update Mar 22

PIRC: High Value Mix And Cash Returns Will Drive Future Re Rating

Analysts have inched their average price target for Pirelli & C. higher by about €0.05, reflecting small model tweaks around fair value, discount rate, revenue growth, profit margin and future P/E that are supported by recent mixed target moves and a fresh Buy initiation.
Narrative Update Mar 05

PIRC: High Value Mix And Cash Returns Will Support Future Re rating

Analysts have nudged their price target for Pirelli & C. higher by about €0.06, reflecting updated assumptions around revenue, profit margins and a higher future P/E in light of recent mixed target moves from Citi and Berenberg.
Narrative Update Feb 04

PIRC: High Value Mix And Cash Returns Will Support Future Upside

Analysts slightly raised their blended price target for Pirelli & C. by about €0.01.
Narrative Update Jan 21

PIRC: High Value Focus And Cash Returns Will Drive Long Term Upside

Analysts have nudged their fair value estimate for Pirelli & C. slightly higher to €6.97 from €6.83, reflecting tweaked assumptions around discount rates, revenue growth, profit margins and future P/E, as well as a mixed research backdrop that includes a new Buy initiation with an €8 target alongside a recent downgrade to Hold with a €6.50 target.
Analysis Article Jan 07

Here's Why Pirelli & C (BIT:PIRC) Has Caught The Eye Of Investors

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Narrative Update Jan 07

PIRC: Long Term Story Will Compete With Peers’ Nearer Catalysts

Analysts have trimmed their price target for Pirelli & C. to €6.50, down from €7.40, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margins, future P/E, and a view that near term catalysts look stronger at other European tire peers.
Analysis Article Dec 25

There's Been No Shortage Of Growth Recently For Pirelli & C's (BIT:PIRC) Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Analysis Article Nov 28

Is Pirelli & C. S.p.A. (BIT:PIRC) Potentially Undervalued?

Pirelli & C. S.p.A. ( BIT:PIRC ), is not the largest company out there, but it saw its share price hover around a small...
Analysis Article Nov 06

A Look At The Fair Value Of Pirelli & C. S.p.A. (BIT:PIRC)

Key Insights Pirelli & C's estimated fair value is €5.43 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysis Article Oct 01

Benign Growth For Pirelli & C. S.p.A. (BIT:PIRC) Underpins Its Share Price

Pirelli & C. S.p.A.'s ( BIT:PIRC ) price-to-earnings (or "P/E") ratio of 11.6x might make it look like a buy right now...
Analysis Article Sep 05

Investors Will Want Pirelli & C's (BIT:PIRC) Growth In ROCE To Persist

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 22

Is It Too Late To Consider Buying Pirelli & C. S.p.A. (BIT:PIRC)?

Pirelli & C. S.p.A. ( BIT:PIRC ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article Aug 09

Pirelli & C (BIT:PIRC) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

BIT:PIRC 1 Year Share Price vs Fair Value Explore Pirelli & C's Fair Values from the Community and select yours Pirelli...
Analysis Article Jul 31

These 4 Measures Indicate That Pirelli & C (BIT:PIRC) Is Using Debt Reasonably Well

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jul 02

There Is A Reason Pirelli & C. S.p.A.'s (BIT:PIRC) Price Is Undemanding

Pirelli & C. S.p.A.'s ( BIT:PIRC ) price-to-earnings (or "P/E") ratio of 12x might make it look like a buy right now...
Analysis Article Jun 12

Pirelli & C's (BIT:PIRC) Upcoming Dividend Will Be Larger Than Last Year's

The board of Pirelli & C. S.p.A. ( BIT:PIRC ) has announced that it will be paying its dividend of €0.25 on the 25th of...
Analysis Article Jun 02

Here's Why Pirelli & C (BIT:PIRC) Has Caught The Eye Of Investors

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
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New Narrative Dec 08

Bosch Cyber Tyre Partnership And Chinese EV Market Expansion Fuel Earnings Growth

Growth in high-value tire segments and partnerships in key markets strengthen Pirelli's position and improve margins despite regional demand shifts.

Financial Position Analysis

Short Term Liabilities: PIRC's short term assets (€3.8B) exceed its short term liabilities (€2.6B).

Long Term Liabilities: PIRC's short term assets (€3.8B) do not cover its long term liabilities (€4.1B).


Debt to Equity History and Analysis

Debt Level: PIRC's net debt to equity ratio (25%) is considered satisfactory.

Reducing Debt: PIRC's debt to equity ratio has reduced from 99.4% to 39.8% over the past 5 years.

Debt Coverage: PIRC's debt is well covered by operating cash flow (47.1%).

Interest Coverage: PIRC's interest payments on its debt are well covered by EBIT (13.7x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/22 12:57
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pirelli & C. S.p.A. is covered by 30 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Davide ZappaBanca Akros S.p.A. (ESN)
Andrea TodeschiniBanca Akros S.p.A. (ESN)
Andrea TodeschiniBanca Akros S.p.A. (ESN)