BIT:IP

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.2%

IP

-3.6%

IT Machinery

-6.5%

IT Market


1 Year Return

29.7%

IP

-3.8%

IT Machinery

-22.9%

IT Market

Return vs Industry: IP exceeded the Italian Machinery industry which returned -2.4% over the past year.

Return vs Market: IP exceeded the Italian Market which returned -22.8% over the past year.


Shareholder returns

IPIndustryMarket
7 Day-2.2%-3.6%-6.5%
30 Day2.1%-2.4%-6.8%
90 Day17.1%4.1%-7.1%
1 Year30.9%29.7%-3.3%-3.8%-20.8%-22.9%
3 Year17.8%14.9%-22.8%-25.3%-19.9%-27.4%
5 Year141.6%130.8%41.6%33.1%-14.3%-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 compared to its fair value and its price relative to the market?

22.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IP (€32.4) is trading above our estimate of fair value (€11.83)

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


Price To Earnings Ratio

PE vs Industry: IP is poor value based on its PE Ratio (22.9x) compared to the IT Machinery industry average (14.7x).

PE vs Market: IP is poor value based on its PE Ratio (22.9x) compared to the Italian market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: IP is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: IP is overvalued based on its PB Ratio (3.2x) compared to the IT Machinery industry average (1.1x).


Next Steps

Future Growth

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

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IP's forecast earnings growth (13.3% per year) is above the savings rate (2%).

Earnings vs Market: IP's earnings (13.3% per year) are forecast to grow slower than the Italian market (24.2% per year).

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

Revenue vs Market: IP's revenue (7.1% per year) is forecast to grow faster than the Italian market (3.6% per year).

High Growth Revenue: IP's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IP's Return on Equity is forecast to be low in 3 years time (13.2%).


Next Steps

Past Performance

How has Interpump Group performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IP has high quality earnings.

Growing Profit Margin: IP's current net profit margins (11.5%) are lower than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: IP's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: IP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IP had negative earnings growth (-12%) over the past year, making it difficult to compare to the Machinery industry average (-7.3%).


Return on Equity

High ROE: IP's Return on Equity (13.9%) is considered low.


Next Steps

Financial Health

How is Interpump Group's financial position?


Financial Position Analysis

Short Term Liabilities: IP's short term assets (€1.0B) exceed its short term liabilities (€450.5M).

Long Term Liabilities: IP's short term assets (€1.0B) exceed its long term liabilities (€588.3M).


Debt to Equity History and Analysis

Debt Level: IP's debt to equity ratio (52.4%) is considered high.

Reducing Debt: IP's debt to equity ratio has reduced from 66.7% to 52.4% over the past 5 years.

Debt Coverage: IP's debt is well covered by operating cash flow (46.6%).

Interest Coverage: IP's interest payments on its debt are well covered by EBIT (45.8x coverage).


Balance Sheet


Next Steps

Dividend

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

0.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IP's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.69%).

High Dividend: IP's dividend (0.77%) is low compared to the top 25% of dividend payers in the Italian market (6.04%).


Stability and Growth of Payments

Stable Dividend: IP is not paying a notable dividend for the Italian market, therefore no need to check if payments are stable.

Growing Dividend: IP is not paying a notable dividend for the Italian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: IP is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IP'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?

2.1yrs

Average board tenure


CEO

Fulvio Montipò (76 yo)

7.5yrs

Tenure

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

Compensation vs Market: Fulvio's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.81M).

Compensation vs Earnings: Fulvio's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Fulvio Montipò
Chairman & CEO7.5yrsno data0.58%
€ 19.6m
Fabio Marasi
Director & CEO of GS-Hydro0.75yrno datano data
Giovanni Tamburi
Deputy Chairman0.75yr€55.00kno data
Stefania Petruccioli
Independent Director5.25yrs€33.00kno data
Angelo Busani
Independent Director3.42yrsno datano data
Antonia Di Bella
Independent Director3.42yrsno datano data
Alessandra Tronconi
Statutory Auditorno data€30.00kno data
Paola Tagliavini
Independent Director6.5yrs€65.00kno data
Marcello Margotto
Lead Independent Director0.75yr€18.00kno data
Federica Menichetti
Independent Director0.75yrno datano data
Fabrizio Fagnola
Chairman of Statutory Auditor Boardno datano datano data
Victor Gottardi
Director0.75yrno datano data

2.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: IP's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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

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: 1977
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €3.382b
  • Shares outstanding: 106.96m
  • 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
IPGL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 1996
IPMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 1996

Biography

Interpump Group S.p.A. manufactures and markets high pressure plunger pumps in Italy, rest of Europe, North America, the Far East, Oceania, and internationally. It operates in two segments, Hydraulic Secto ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:56
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.