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

Adequate balance sheet with proven track record.

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

1.9%

IP

1.2%

IT Machinery

2.3%

IT Market


1 Year Return

13.7%

IP

-15.0%

IT Machinery

10.0%

IT Market

Return vs Industry: IP exceeded the Italian Machinery industry which returned -15% over the past year.

Return vs Market: IP exceeded the Italian Market which returned 10% over the past year.


Share holder returns

IPIndustryMarket
7 Day1.9%1.2%2.3%
30 Day-3.7%-4.4%-0.8%
90 Day4.2%-5.5%-1.4%
1 Year14.6%13.7%-13.5%-15.0%14.8%10.0%
3 Year84.7%80.5%39.2%33.6%31.5%13.3%
5 Year208.7%193.9%89.5%77.8%25.0%-24.8%

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?

17.33x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: IP (€27.92) is trading above our estimate of fair value (€16.15)

Significantly Undervalued: IP is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: IP is poor value based on its PE Ratio (17.3x) compared to the Machinery industry average (16.6x).

PE vs Market: IP is poor value based on its PE Ratio (17.3x) compared to the Italian market (16.8x).


Price Based on Expected Growth

Low PEG Ratio: IP is poor value based on its PEG Ratio (3.9x)


Price Based on Value of Assets

PB vs Industry: IP is overvalued based on its PB Ratio (3.2x) compared to the IT Machinery industry average (1.4x).


Next Steps

Future Growth

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

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: IP's forecast earnings growth (4.5% per year) is above the savings rate (2.9%).

Earnings vs Market: IP's earnings (4.5% per year) are forecast to grow slower than the Italian market (8.8% per year).

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

Revenue vs Market: IP's revenue (3.9% per year) is forecast to grow faster than the Italian market (3.2% per year).

High Growth Revenue: IP's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: IP's Return on Equity is forecast to be low in 3 years time (15.7%).


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

Earnings Trend: IP's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: IP's earnings growth over the past year (4.9%) is below its 5-year average (20.4% per year).

Earnings vs Industry: IP earnings growth over the past year (4.9%) exceeded the Machinery industry -13.2%.


Return on Equity

High ROE: IP's Return on Equity (18.5%) is considered low.


Return on Assets

ROA vs Industry: IP has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: IP has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Interpump Group's financial position?


Financial Position Analysis

Short Term Liabilities: IP's short term assets (€887.1M) exceeds its short term liabilities (€491.0M)

Long Term Liabilities: IP's short term assets (887.1M) exceeds its long term liabilities (443.2M)


Debt to Equity History and Analysis

Debt Level: IP's debt to equity ratio (55.8%) is considered high

Reducing Debt: IP's debt to equity ratio has increased from 47.4% to 55.8% over the past 5 years.

Debt Coverage: IP's debt is well covered by operating cash flow (32.7%).

Interest Coverage: IP's interest payments on its debt are well covered by EBIT (58.8x coverage).


Balance Sheet

Inventory Level: IP has a high level of physical assets or inventory.

Debt Coverage by Assets: IP's debt is covered by short term assets (assets are 1.714670x debt).


Next Steps

Dividend

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

0.92%

Expected Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%2.1%markettop25%4.4%industryaverage3.2%forecastin3Years0.9%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: IP's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.1%).

High Dividend: IP's dividend (0.79%) is low compared to the top 25% of dividend payers in the Italian market (4.42%).

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 .


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

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

4.3yrs

Average board tenure


CEO

Fulvio Montipò (75yo)

6.5yrs

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

Compensation vs. Market: Fulvio's total compensation ($USD0.00) is too low to compare against companies of similar size in the Italian market ($USD0.00).

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


Board Age and Tenure

4.3yrs

Average Tenure

62yo

Average Age

Experienced Board: IP's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Fulvio Montipò (75yo)

    Chairman & CEO

    • Tenure: 6.5yrs
  • Carlo Banci

    CFO & Chief Reporting Officer

    • Tenure: 0yrs
  • Luca Mirabelli

    Head of IR

    • Tenure: 0yrs

Board Members

  • Fulvio Montipò (75yo)

    Chairman & CEO

    • Tenure: 6.5yrs
  • Giovanni Tamburi (65yo)

    Non-Executive Director

    • Tenure: 14.8yrs
    • Compensation: €55.00k
  • Paolo Marinsek (69yo)

    Deputy Chairman

    • Tenure: 16.5yrs
  • Stefania Petruccioli (52yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: €33.00k
  • Angelo Busani (59yo)

    Independent Director

    • Tenure: 2.4yrs
  • Antonia Di Bella (54yo)

    Independent Director

    • Tenure: 2.4yrs
  • Franco Garilli (68yo)

    Lead Independent Director

    • Tenure: 4.2yrs
    • Compensation: €45.00k
  • Paola Tagliavini (51yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: €65.00k
  • Marcello Margotto

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: €18.00k
  • Fabrizio Fagnola

    Chairman of Statutory Auditor Board

    • Tenure: 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: €2.931b
  • 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
IPGL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 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 Analysis2019/10/14 20:40
End of Day Share Price2019/10/14 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.

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