BIT:PRY

Stock Analysis Report

Executive Summary

Prysmian S.p.A. produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide.

Snowflake

Fundamentals

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.3%

PRY

1.2%

IT Electrical

0.5%

IT Market


1 Year Return

17.5%

PRY

16.2%

IT Electrical

11.6%

IT Market

Return vs Industry: PRY exceeded the Italian Electrical industry which returned 16.2% over the past year.

Return vs Market: PRY exceeded the Italian Market which returned 11.6% over the past year.


Shareholder returns

PRYIndustryMarket
7 Day1.3%1.2%0.5%
30 Day1.4%1.3%0.1%
90 Day8.0%7.7%1.7%
1 Year20.4%17.5%19.1%16.2%16.5%11.6%
3 Year-3.1%-11.6%-0.3%-9.0%25.2%8.0%
5 Year72.7%50.7%68.7%50.4%21.3%-26.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Prysmian undervalued compared to its fair value and its price relative to the market?

22.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PRY (€20.2) is trading above our estimate of fair value (€14.08)

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


Price To Earnings Ratio

PE vs Industry: PRY is poor value based on its PE Ratio (22.1x) compared to the Electrical industry average (15.3x).

PE vs Market: PRY is poor value based on its PE Ratio (22.1x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

Low PEG Ratio: PRY is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: PRY is overvalued based on its PB Ratio (2.4x) compared to the IT Electrical industry average (1.6x).


Next Steps

Future Growth

How is Prysmian forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

16.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRY's forecast earnings growth (16.6% per year) is above the savings rate (2.9%).

Earnings vs Market: PRY's earnings (16.6% per year) are forecast to grow faster than the Italian market (8.5% per year).

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

Revenue vs Market: PRY's revenue (3% per year) is forecast to grow slower than the Italian market (3% per year).

High Growth Revenue: PRY's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: PRY's Return on Equity is forecast to be low in 3 years time (18.1%).


Next Steps

Past Performance

How has Prysmian performed over the past 5 years?

6.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PRY's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: PRY's earnings growth over the past year (15.4%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: PRY earnings growth over the past year (15.4%) exceeded the Electrical industry 0.7%.


Return on Equity

High ROE: PRY's Return on Equity (10%) is considered low.


Return on Assets

ROA vs Industry: PRY's Return on Assets is below or equal to the Electrical industry average last year.


Return on Capital Employed

ROCE Improving: PRY's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Prysmian's financial position?


Financial Position Analysis

Short Term Liabilities: PRY's short term assets (€5.1B) exceeds its short term liabilities (€4.4B)

Long Term Liabilities: PRY's short term assets (5.1B) exceeds its long term liabilities (3.7B)


Debt to Equity History and Analysis

Debt Level: PRY's debt to equity ratio (133.9%) is considered high

Reducing Debt: PRY's debt to equity ratio has increased from 130.7% to 133.9% over the past 5 years.

Debt Coverage: PRY's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: PRY's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: PRY's debt is covered by short term assets (assets are 1.558630x debt).


Next Steps

Dividend

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

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%2.1%markettop25%4.4%industryaverage2.8%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PRY's dividend (2.13%) is higher than the bottom 25% of dividend payers in the Italian market (2.09%).

High Dividend: PRY's dividend (2.13%) is low compared to the top 25% of dividend payers in the Italian market (4.41%).

Stable Dividend: PRY's dividend payments have been volatile in the past 10 years.

Growing Dividend: PRY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.1%), PRY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PRY's dividends in 3 years are forecast to be well covered by earnings (24.5% payout ratio).


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Valerio Battista (62yo)

0yrs

Tenure

€1,643,914

Compensation

Mr. Valerio Battista serves as the Chief Executive Officer and General Manager of Prysmian S.p.A. (also known as Prysmian Cables and Systems). Mr. Battista has been an Executive Director of Prysmian S.p.A. ...


CEO Compensation Analysis

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

Compensation vs Earnings: Valerio's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.5yrs

Average Tenure

56.5yo

Average Age

Experienced Management: PRY's management team is seasoned and experienced (7.5 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: PRY's board of directors are considered experienced (6.5 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

  • Pier Francesco Facchini (52yo)

    CFO & Executive Director

    • Tenure: 12.7yrs
    • Compensation: €863.38k
  • Valerio Battista (62yo)

    CEO, GM & Executive Director

    • Tenure: 0yrs
    • Compensation: €1.64m
  • Fabio Romeo (64yo)

    Chief Strategy & Development Officer and Executive Director

    • Tenure: 12.7yrs
    • Compensation: €1.35m
  • Lorenzo Caruso

    Corporate & Business Communications Director

    • Tenure: 0yrs
  • Stefano Bulletti

    Head of Operations and Head of Manufacturing & Logistics Departments

    • Tenure: 14.8yrs
    • Compensation: €582.97k
  • Massimo Battaini (58yo)

    CEO of North America & Executive Director

    • Tenure: 5.7yrs
    • Compensation: €622.81k
  • Carlo Soprano

    Head of Financial Statements & Compliance

    • Tenure: 0yrs
  • Andrea Pirondini (54yo)

    Chief Operating Officer

    • Tenure: 5.8yrs
  • Philippe Claude Vanhille (55yo)

    Senior Vice President of Telecom Business

    • Tenure: 6.4yrs
  • Maria Bifulco

    Investor Relations Director

    • Tenure: 0yrs

Board Members

  • Pier Francesco Facchini (52yo)

    CFO & Executive Director

    • Tenure: 12.7yrs
    • Compensation: €863.38k
  • Francesco Gori (67yo)

    Independent Director

    • Tenure: 1.1yrs
  • Claudio De Conto (57yo)

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: €51.40k
  • Valerio Battista (62yo)

    CEO, GM & Executive Director

    • Tenure: 0yrs
    • Compensation: €1.64m
  • Fabio Romeo (64yo)

    Chief Strategy & Development Officer and Executive Director

    • Tenure: 12.7yrs
    • Compensation: €1.35m
  • Massimo Battaini (58yo)

    CEO of North America & Executive Director

    • Tenure: 5.7yrs
    • Compensation: €622.81k
  • Pellegrino Libroia (73yo)

    Chairman of the Statutory Auditors

    • Tenure: 6.5yrs
    • Compensation: €75.00k
  • Maria Elena Bruna Cappello (51yo)

    Independent Non-Executive Director

    • Tenure: 7.5yrs
    • Compensation: €60.00k
  • Maria Mariani (59yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: €46.70k
  • Monica de Virgiliis (52yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: €33.30k

Company Information

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


Key Information

  • Name: Prysmian S.p.A.
  • Ticker: PRY
  • Exchange: BIT
  • Founded:
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €5.315b
  • Shares outstanding: 263.11m
  • Website: https://www.prysmiangroup.com/it

Number of Employees


Location

  • Prysmian S.p.A.
  • Via Chiese 6
  • Milan
  • Milan
  • 20126
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRYBIT (Borsa Italiana)YesOrdinary SharesITEURMay 2007
AEUDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2007
0NUXLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 2007
PRYM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2007
PRYMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 2007
PRYWBAG (Wiener Boerse AG)YesOrdinary SharesATEURMay 2007
PRY NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNMay 2007
PRYM.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Prysmian S.p.A. produces, distributes, and sells cables and systems, and related accessories for the energy and telecommunications industries worldwide. The company operates through Energy, Projects, and T ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:01
End of Day Share Price2019/10/18 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.