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Interpump Group

BIT:IP
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IP
BIT
€3B
Market Cap
  1. Home
  2. IT
  3. Capital Goods
Company description

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. The last earnings update was 36 days ago. More info.


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  • Interpump Group has significant price volatility in the past 3 months.
IP Share Price and Events
7 Day Returns
-2.5%
BIT:IP
-0.2%
IT Machinery
0.7%
IT Market
1 Year Returns
-4.7%
BIT:IP
-24.3%
IT Machinery
-6.6%
IT Market
IP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Interpump Group (IP) -2.5% -4.7% -6.8% -4.7% 85.6% 152.6%
IT Machinery -0.2% -1.8% -1% -24.3% 54.8% 59.4%
IT Market 0.7% -1.2% -2.5% -6.6% 9.2% -19.2%
1 Year Return vs Industry and Market
  • IP outperformed the Machinery industry which returned -24.3% over the past year.
  • IP outperformed the Market in Italy which returned -6.6% over the past year.
Price Volatility
IP
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Interpump Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Interpump Group.

BIT:IP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.2%
Perpetual Growth Rate 10-Year IT Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BIT:IP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IT Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 9%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 24%) (17.33%))
1.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.136 * 9.02%)
13.18%

Discounted Cash Flow Calculation for BIT:IP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Interpump Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BIT:IP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 13.18%)
2019 127.23 Analyst x3 112.42
2020 156.40 Analyst x4 122.09
2021 173.88 Analyst x4 119.93
2022 188.29 Est @ 8.29% 114.75
2023 200.88 Est @ 6.69% 108.16
2024 212.05 Est @ 5.56% 100.88
2025 222.17 Est @ 4.77% 93.39
2026 231.55 Est @ 4.22% 85.99
2027 240.42 Est @ 3.83% 78.89
2028 248.99 Est @ 3.56% 72.19
Present value of next 10 years cash flows €1,008.69
BIT:IP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €248.99 × (1 + 2.93%) ÷ (13.18% – 2.93%)
€2,501.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,501.31 ÷ (1 + 13.18%)10
€725.18
BIT:IP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,008.69 + €725.18
€1,733.87
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,733.87 / 105.46
€16.44
BIT:IP Discount to Share Price
Calculation Result
Value per share (EUR) From above. €16.44
Current discount Discount to share price of €26.62
= -1 x (€26.62 - €16.44) / €16.44
-61.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Interpump Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Interpump Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Interpump Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:IP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.57
BIT:IP Share Price ** BIT (2019-06-14) in EUR €26.62
Italy Machinery Industry PE Ratio Median Figure of 16 Publicly-Listed Machinery Companies 15.02x
Italy Market PE Ratio Median Figure of 240 Publicly-Listed Companies 15.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Interpump Group.

BIT:IP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:IP Share Price ÷ EPS (both in EUR)

= 26.62 ÷ 1.57

17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interpump Group is overvalued based on earnings compared to the IT Machinery industry average.
  • Interpump Group is overvalued based on earnings compared to the Italy market.
Price based on expected Growth
Does Interpump Group's expected growth come at a high price?
Raw Data
BIT:IP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
5.3%per year
Italy Machinery Industry PEG Ratio Median Figure of 13 Publicly-Listed Machinery Companies 0.89x
Italy Market PEG Ratio Median Figure of 161 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

BIT:IP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17x ÷ 5.3%

3.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interpump Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Interpump Group's assets?
Raw Data
BIT:IP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €8.69
BIT:IP Share Price * BIT (2019-06-14) in EUR €26.62
Italy Machinery Industry PB Ratio Median Figure of 21 Publicly-Listed Machinery Companies 1.68x
Italy Market PB Ratio Median Figure of 324 Publicly-Listed Companies 1.45x
BIT:IP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:IP Share Price ÷ Book Value per Share (both in EUR)

= 26.62 ÷ 8.69

3.06x

* Primary Listing of Interpump Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interpump Group is overvalued based on assets compared to the IT Machinery industry average.
X
Value checks
We assess Interpump Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Interpump Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Interpump Group expected to grow at an attractive rate?
  • Interpump Group's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Interpump Group's earnings growth is positive but not above the Italy market average.
  • Interpump Group's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
Raw Data
BIT:IP Future Growth Rates Data Sources
Data Point Source Value (per year)
BIT:IP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 5.3%
BIT:IP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.3%
Italy Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Italy Machinery Industry Revenue Growth Rate Market Cap Weighted Average 6%
Italy Market Earnings Growth Rate Market Cap Weighted Average 9.2%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:IP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:IP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,486 235 195 4
2020-12-31 1,433 223 186 5
2019-12-31 1,373 156 176 5
BIT:IP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,310 139 166
2018-12-31 1,279 149 173
2018-09-30 1,221 147 173
2018-06-30 1,171 146 163
2018-03-31 1,126 137 154
2017-12-31 1,087 142 134
2017-09-30 1,048 141 119
2017-06-30 1,009 135 111
2017-03-31 969 143 104
2016-12-31 923 126 94
2016-09-30 906 124 90
2016-06-30 900 116 86

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Interpump Group's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • Interpump Group's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:IP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Interpump Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:IP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.82 1.95 1.69 4.00
2020-12-31 1.68 1.88 1.46 5.00
2019-12-31 1.59 1.70 1.41 5.00
BIT:IP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.57
2018-12-31 1.62
2018-09-30 1.61
2018-06-30 1.52
2018-03-31 1.43
2017-12-31 1.26
2017-09-30 1.11
2017-06-30 1.04
2017-03-31 0.98
2016-12-31 0.88
2016-09-30 0.84
2016-06-30 0.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Interpump Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Interpump Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Interpump Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Interpump Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Interpump Group's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (8.3% vs 22%)
  • Interpump Group's earnings growth has not exceeded the IT Machinery industry average in the past year (8.3% vs 8.3%).
Earnings and Revenue History
Interpump Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Interpump Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:IP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,310.48 166.41 257.52
2018-12-31 1,279.17 172.91 253.56
2018-09-30 1,221.42 172.86 245.71
2018-06-30 1,171.22 162.63 238.37
2018-03-31 1,126.10 153.70 232.80
2017-12-31 1,086.55 134.44 227.26
2017-09-30 1,048.50 119.02 219.68
2017-06-30 1,009.10 110.61 213.70
2017-03-31 968.85 104.32 205.03
2016-12-31 922.82 93.85 195.40
2016-09-30 906.07 89.68 192.00
2016-06-30 900.39 86.16 190.30
2016-03-31 899.01 110.10 189.93
2015-12-31 894.93 117.64 189.99
2015-09-30 843.81 108.52 181.28
2015-06-30 797.76 104.71 171.96
2015-03-31 734.42 72.75 160.11
2014-12-31 672.00 56.94 148.59
2014-09-30 649.09 58.37 141.50
2014-06-30 617.24 51.06 137.51
2014-03-31 584.46 44.16 133.36
2013-12-31 556.51 43.20 128.55
2013-09-30 539.16 44.85 126.63
2013-06-30 528.54 50.38 124.61
2013-03-31 520.99 51.29 122.12
2012-12-31 527.18 52.29 121.32
2012-09-30 524.62 51.47 118.78
2012-06-30 511.63 47.21 114.22

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Interpump Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Interpump Group used its assets more efficiently than the IT Machinery industry average last year based on Return on Assets.
  • Interpump Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Interpump Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Interpump Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Interpump Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Interpump Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Interpump Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Interpump Group Company Filings, last reported 2 months ago.

BIT:IP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 921.10 486.42 104.83
2018-12-31 868.91 405.48 118.14
2018-09-30 845.28 424.82 147.88
2018-06-30 812.90 421.51 125.47
2018-03-31 808.13 432.71 176.37
2017-12-31 764.73 418.48 144.94
2017-09-30 732.00 441.42 153.48
2017-06-30 708.63 455.81 136.70
2017-03-31 712.51 470.35 164.45
2016-12-31 677.54 455.15 197.89
2016-09-30 641.82 468.33 182.00
2016-06-30 610.01 427.13 117.36
2016-03-31 608.42 384.83 110.41
2015-12-31 622.63 390.17 135.13
2015-09-30 595.71 379.13 96.05
2015-06-30 587.27 397.04 114.46
2015-03-31 555.20 365.83 119.12
2014-12-31 466.55 239.27 87.16
2014-09-30 462.01 241.21 90.37
2014-06-30 442.91 217.06 62.46
2014-03-31 446.47 213.07 85.50
2013-12-31 432.95 194.28 105.31
2013-09-30 429.48 206.54 102.59
2013-06-30 434.36 207.25 100.18
2013-03-31 414.58 173.69 99.05
2012-12-31 396.88 190.40 115.07
2012-09-30 350.94 211.96 86.22
2012-06-30 331.19 239.58 99.76
  • Interpump Group's level of debt (52.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (47.7% vs 52.8% today).
  • Debt is well covered by operating cash flow (28.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 68.3x coverage).
X
Financial health checks
We assess Interpump Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Interpump Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.83%
Current annual income from Interpump Group dividends. Estimated to be 0.99% next year.
If you bought €2,000 of Interpump Group shares you are expected to receive €17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Interpump Group's pays a lower dividend yield than the bottom 25% of dividend payers in Italy (2.16%).
  • Interpump Group's dividend is below the markets top 25% of dividend payers in Italy (4.55%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:IP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Italy Machinery Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2%
Italy Market Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4.2%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.1%
Italy Bottom 25% Dividend Yield 25th Percentile 2.2%
Italy Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BIT:IP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.29 4.00
2020-12-31 0.26 5.00
2019-12-31 0.24 5.00
BIT:IP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.220 0.745
2019-03-19 0.220 0.769
2018-03-29 0.210 0.776
2018-02-14 0.210 0.758
2017-03-30 0.200 0.772
2017-02-14 0.200 1.006
2016-04-05 0.190 1.292
2015-03-19 0.180 1.328
2014-05-02 0.170 1.588
2013-03-26 0.170 2.112
2012-08-03 0.120 2.068
2012-08-01 0.120 2.181
2012-03-21 0.120 1.979
2011-03-21 0.110 2.097
2010-02-11 0.000 0.000
2009-12-01 0.000 0.000
2009-11-06 0.000 0.000
2009-08-26 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Interpump Group's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess Interpump Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Interpump Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Interpump Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fulvio Montipò
COMPENSATION €0
AGE 74
TENURE AS CEO 6.2 years
CEO Bio

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 as Deputy Chairman and Co-chief Executive Officer. He served as Human Resources Manager and Organisational Director at Bertolini Macchine Agricole from 1967 to 1972 and Managing Director of Bertolini Idromeccanica from 1972 to 1977. He has been a Director of TUBIFLEX S.p.A. since May 13, 2016. He graduated in Sociology in 1972 at Trento University.

CEO Compensation
  • Insufficient data for Fulvio to compare compensation growth.
  • Fulvio's remuneration is higher than average for companies of similar size in Italy.
Management Team

Fulvio Montipò

TITLE
Chairman & CEO
AGE
74
TENURE
6.2 yrs

Carlo Banci

TITLE
CFO & Chief Reporting Officer

Luca Mirabelli

TITLE
Head of IR
Board of Directors Tenure

Average tenure and age of the Interpump Group board of directors in years:

3.9
Average Tenure
61
Average Age
  • The tenure for the Interpump Group board of directors is about average.
Board of Directors

Fulvio Montipò

TITLE
Chairman & CEO
AGE
74
TENURE
6.2 yrs

Paolo Marinsek

TITLE
Deputy Chairman
AGE
68
TENURE
16.2 yrs

Fabrizio Fagnola

TITLE
Chairman of Statutory Auditor Board

Franco Garilli

TITLE
Lead Independent Director
COMPENSATION
€45K
AGE
67
TENURE
3.8 yrs

Giovanni Tamburi

TITLE
Non-Executive Director
COMPENSATION
€55K
AGE
64
TENURE
14.4 yrs

Paola Tagliavini

TITLE
Independent Director
COMPENSATION
€65K
AGE
50
TENURE
5.2 yrs

Stefania Petruccioli

TITLE
Independent Director
COMPENSATION
€33K
AGE
51
TENURE
3.9 yrs

Marcello Margotto

TITLE
Independent Director
COMPENSATION
€18K
TENURE
3.8 yrs

Angelo Busani

TITLE
Independent Director
AGE
58
TENURE
2.1 yrs

Antonia Di Bella

TITLE
Independent Director
AGE
53
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Interpump Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Interpump Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Interpump Group S.p.A.’s (BIT:IP) 18% ROCE Any Good?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Interpump Group: 0.18 = €241m ÷ (€1.8b - €489m) (Based on the trailing twelve months to March 2019.) Therefore, Interpump Group has an ROCE of 18%. … Interpump Group's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

How Does Investing In Interpump Group S.p.A. (BIT:IP) Impact The Volatility Of Your Portfolio?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … See our latest analysis for Interpump Group What IP's beta value tells investors Zooming in on Interpump Group, we see it has a five year beta of 1.21. … What this means for you: Since Interpump Group tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

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What Investors Should Know About Interpump Group S.p.A.'s (BIT:IP) Financial Strength

At this stable level of debt, IP's cash and short-term investments stands at €118m to keep the business going. … On top of this, IP has produced €149m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 37%, indicating that IP’s operating cash is sufficient to cover its debt. … Next Steps: Although IP’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

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Here's What Interpump Group S.p.A.'s (BIT:IP) P/E Is Telling Us

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to Interpump Group S.p.A.'s (BIT:IP), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Should We Be Delighted With Interpump Group S.p.A.'s (BIT:IP) ROE Of 20%?

Our data shows Interpump Group has a return on equity of 20% for the last year. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Does Interpump Group S.p.A.'s (BIT:IP) Balance Sheet Tell Us About It?

However, an important fact which most ignore is: how financially healthy is the business? … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

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How Financially Strong Is Interpump Group S.p.A. (BIT:IP)?

Mid-caps stocks, like Interpump Group S.p.A. … Let’s take a look at IP’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … See our latest analysis for Interpump Group

Simply Wall St -

What Is Interpump Group S.p.A.'s (BIT:IP) Share Price Doing?

(BIT:IP), which is in the machinery business, and is based in Italy,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Interpump Group’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Interpump Group S.p.A. (BIT:IP): Exploring Free Cash Flows

I’ve analysed below, the health and outlook of Interpump Group’s cash flow, which will help you understand the stock from a cash standpoint. … Interpump Group’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Interpump Group’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Is Interpump Group S.p.A.'s (BIT:IP) ROE Of 21% Impressive?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

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 Jetting sector provides high pressure pumps and pumping systems that are used in a range of industrial sectors for the conveyance of fluids. This sector’s high-pressure plunger pumps are the primary components of high pressure cleaners, as well as used for car wash installations, forced lubrication systems for machine tools, and inverse osmosis systems for seawater desalination plants. Its very high-pressure pumps and systems are used for cleaning surfaces, ship hulls, and various types of hoses; removing machining burr; cutting and removing cement, asphalt, and paint coatings from stone, cement, and metal surfaces; and cutting solid materials. This sector also engages in drawing, blanking, and pressing sheet metals; and providing high pressure homogenizers, mixers, agitators, piston pumps, values, and other machines for use in the food processing, chemicals, cosmetics, and pharmaceutical sectors. The company’s Hydraulics sector produces and sells power take-offs that transmit drive from an industrial vehicle engine or transmission to power a range of ancillary services through hydraulic components; hydraulic cylinders that are components of hydraulic systems of various vehicle types; front-end and underbody cylinders that are primarily used on industrial vehicles in the construction sector; double acting cylinders, which are used in a range of applications, such as earthmoving machinery, agricultural machinery, cranes and truck cranes, waste compactors, etc.; hydraulic lines and fittings that are used in hydraulic equipment and high pressure water systems; and pumps, directional controls, valves, other hydraulic components, and ancillary products. It also engages in the research and development activities. The company is based in Sant'Ilario d'Enza, Italy.

Details
Name: Interpump Group S.p.A.
IP
Exchange: BIT
Founded:
€2,807,233,529
105,455,805
Website: http://www.interpumpgroup.it
Address: Interpump Group S.p.A.
Via E. Fermi 25,
Sant'Ilario d'Enza,
Reggio Emilia, 42049,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT IP Ordinary Shares Borsa Italiana IT EUR 18. Dec 1996
LSE 0EWD Ordinary Shares London Stock Exchange GB EUR 18. Dec 1996
BATS-CHIXE IPM Ordinary Shares BATS 'Chi-X Europe' GB EUR 18. Dec 1996
Number of employees
Current staff
Staff numbers
6,688
Interpump Group employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/27
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.