BIT:IP

Stock Analysis Report

Executive Summary

Interpump Group S.p.A., together with its subsidiaries, manufactures and markets high pressure plunger pumps in Italy, rest of Europe, North America, the Far East, Oceania, and internationally.

Snowflake

Fundamentals

Proven track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.4%

BIT:IP

2.2%

IT Machinery

0.8%

IT Market


1 Year Return

-4.3%

BIT:IP

-23.5%

IT Machinery

-3.4%

IT Market

IP outperformed the Machinery industry which returned -22.4% over the past year.

IP underperformed the Market in Italy which returned -1.8% over the past year.


Share holder returns

IPIndustryMarket
7 Day2.4%2.2%0.8%
30 Day-5.3%-9.0%-6.1%
90 Day-8.7%-9.4%-0.9%
1 Year-3.6%-4.3%-22.1%-23.5%0.8%-3.4%
3 Year60.5%56.8%32.4%27.1%19.8%3.3%
5 Year159.3%146.9%62.6%52.7%7.7%-34.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Interpump Group undervalued based on future cash flows and its price relative to the stock market?

15.57x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Interpump Group's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Interpump Group's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Interpump Group is overvalued based on earnings compared to the IT Machinery industry average.

Interpump Group is good value based on earnings compared to the Italy market.


Price Based on Expected Growth

Interpump Group is poor value based on expected growth next year.


Price Based on Value of Assets

Interpump Group is overvalued based on assets compared to the IT Machinery industry average.


Next Steps

Future Growth

How is Interpump Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Interpump Group's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

Interpump Group's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

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

Interpump Group's earnings growth is positive but not above the Italy market average.

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


Earnings per Share Growth Estimates


Future Return on Equity

Interpump Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Interpump Group performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Interpump Group has delivered over 20% year on year earnings growth in the past 5 years.

Interpump Group's 1-year earnings growth is less than its 5-year average (4.9% vs 20.4%)

Interpump Group's earnings growth has exceeded the IT Machinery industry average in the past year (4.9% vs -2.5%).


Return on Equity

Interpump Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Interpump Group used its assets more efficiently than the IT Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Interpump Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Interpump Group's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

Interpump Group's level of debt (55.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (47.4% vs 55.8% today).

Debt is well covered by operating cash flow (32.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 58.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.7x debt.


Next Steps

Dividend

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

1.03%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Interpump Group's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.09%).

Interpump Group's dividend is below the markets top 25% of dividend payers in Italy (4.5%).

Interpump Group is not paying a notable dividend for Italy, therefore no need to check if the payments are stable.

Interpump Group is not paying a notable dividend for Italy, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Interpump Group's dividends as it is not paying a notable one for Italy.


Future Payout to Shareholders

No need to calculate the sustainability of Interpump Group'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 Interpump Group's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average board tenure


CEO

Fulvio Montipò (75yo)

6.3yrs

Tenure

0

Mr. Fulvio Montipò founded Interpump Group SPA and has been its Chairman and Chief Executive Officer since April 2013. Mr. Montipò has been Executive Director of Interpump Group SpA. since 1977. He served  ...


CEO Compensation Analysis

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

Insufficient data for Fulvio to compare compensation growth.


Board Age and Tenure

4.1yrs

Average Tenure

62yo

Average Age

The tenure for the Interpump Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Fulvio Montipò (75yo)

    Chairman & CEO

    • Tenure: 6.3yrs
  • Carlo Banci

    CFO & Chief Reporting Officer

    • Tenure: 0.0yrs
  • Luca Mirabelli

    Head of IR

    • Tenure: 0.0yrs

Board Members

  • Fulvio Montipò (75yo)

    Chairman & CEO

    • Tenure: 6.3yrs
  • Giovanni Tamburi (65yo)

    Non-Executive Director

    • Tenure: 14.6yrs
    • Compensation: €55.00k
  • Paolo Marinsek (69yo)

    Deputy Chairman

    • Tenure: 16.3yrs
  • Stefania Petruccioli (52yo)

    Independent Director

    • Tenure: 4.1yrs
    • Compensation: €33.00k
  • Angelo Busani (59yo)

    Independent Director

    • Tenure: 2.3yrs
  • Antonia Di Bella (54yo)

    Independent Director

    • Tenure: 2.3yrs
  • Franco Garilli (68yo)

    Lead Independent Director

    • Tenure: 4.0yrs
    • Compensation: €45.00k
  • Paola Tagliavini (51yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: €65.00k
  • Marcello Margotto

    Independent Director

    • Tenure: 4.0yrs
    • Compensation: €18.00k
  • Fabrizio Fagnola

    Chairman of Statutory Auditor Board

    • Tenure: 0.0yrs

Company Information

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


Key Information

  • Name: Interpump Group S.p.A.
  • Ticker: IP
  • Exchange: BIT
  • Founded:
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €2.633b
  • Shares outstanding: 104.98m
  • Website: https://www.interpumpgroup.it

Number of Employees


Location

  • Interpump Group S.p.A.
  • Via E. Fermi 25
  • Sant'Ilario d'Enza
  • Reggio Emilia
  • 42049
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IPBIT (Borsa Italiana)YesOrdinary SharesITEURDec 1996
0EWDLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 1996
IPMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 1996

Biography

Interpump Group S.p.A., together with its subsidiaries, manufactures and markets high pressure plunger pumps in Italy, rest of Europe, North America, the Far East, Oceania, and internationally. Its Water J ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 20:47
End of Day Share Price2019/08/23 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.