Executive Summary
PITECO S.p.A. engages in the design, development, and implementation of solutions for treasury, finance, and financial planning management worldwide.
Snowflake
Fundamentals
Reasonable growth potential with acceptable track record.
Share Price & News
How has PITECO's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.7%
PITE
0.6%
IT Software
2.8%
IT Market
1 Year Return
35.9%
PITE
23.2%
IT Software
10.1%
IT Market
Return vs Industry: PITE exceeded the Italian Software industry which returned 23.2% over the past year.
Return vs Market: PITE exceeded the Italian Market which returned 10.1% over the past year.
Shareholder returns
| PITE | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 0.6% | 2.8% |
| 30 Day | 4.7% | -2.1% | 0.9% |
| 90 Day | 12.5% | -4.9% | 0.03% |
| 1 Year | 39.9%35.9% | 24.9%23.2% | 14.9%10.1% |
| 3 Year | 43.1%30.9% | 62.8%53.5% | 28.1%10.4% |
| 5 Year | n/a | 93.1%77.3% | 22.6%-25.6% |
Price Volatility Vs. Market
How volatile is PITECO's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
PITECO (BIT:PITE) Has A Pretty Healthy Balance Sheet3 weeks ago | Simply Wall St
Is PITECO S.p.A. (BIT:PITE) A Smart Choice For Dividend Investors?1 month ago | Simply Wall St
PITECO S.p.A. (BIT:PITE): Is It A Smart Long Term Opportunity?Valuation
Is PITECO undervalued compared to its fair value and its price relative to the market?
10.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: PITE (€5.6) is trading below our estimate of fair value (€6.25)
Significantly Undervalued: PITE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PITE is good value based on its PE Ratio (19.7x) compared to the Software industry average (32.3x).
PE vs Market: PITE is poor value based on its PE Ratio (19.7x) compared to the Italian market (17.1x).
Price to Earnings Growth Ratio
Low PEG Ratio: PITE is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: PITE is overvalued based on its PB Ratio (3.3x) compared to the IT Software industry average (3.2x).
Next Steps
Future Growth
How is PITECO forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
17.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PITE's forecast earnings growth (17.6% per year) is above the savings rate (2.9%).
Earnings vs Market: PITE's earnings (17.6% per year) are forecast to grow faster than the Italian market (8.6% per year).
High Growth Earnings: PITE's earnings are forecast to grow, but not significantly.
Revenue vs Market: PITE's revenue (10.2% per year) is forecast to grow faster than the Italian market (3.1% per year).
High Growth Revenue: PITE's revenue (10.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: PITE's Return on Equity is forecast to be high in 3 years time (21.2%)
Next Steps
Past Performance
How has PITECO performed over the past 5 years?
12.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: PITE's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: PITE's earnings growth over the past year (11%) is below its 5-year average (12% per year).
Earnings vs Industry: PITE earnings growth over the past year (11%) exceeded the Software industry 7.6%.
Return on Equity
High ROE: PITE's Return on Equity (16.9%) is considered low.
Return on Assets
ROA vs Industry: PITE has a higher Return on Assets than the Software industry average last year.
Return on Capital Employed
ROCE Improving: PITE's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is PITECO's financial position?
Financial Position Analysis
Short Term Liabilities: PITE's short term assets (€11.2M) do not cover its short term liabilities (€12.6M)
Long Term Liabilities: PITE's short term assets (11.2M) do not cover its long term liabilities (28.8M)
Debt to Equity History and Analysis
Debt Level: PITE's debt to equity ratio (54.3%) is considered high
Reducing Debt: PITE's debt to equity ratio has reduced from 76.2% to 54.3% over the past 5 years.
Debt Coverage: PITE's debt is well covered by operating cash flow (29%).
Interest Coverage: PITE's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
Inventory Level: PITE has a low level of unsold assets or inventory.
Debt Coverage by Assets: PITE's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is PITECO's current dividend yield, its reliability and sustainability?
2.68%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: PITE's dividend (2.68%) is higher than the bottom 25% of dividend payers in the Italian market (2.06%).
High Dividend: PITE's dividend (2.68%) is low compared to the top 25% of dividend payers in the Italian market (4.41%).
Stable Dividend: Whilst dividend payments have been stable, PITE has been paying a dividend for less than 10 years.
Growing Dividend: PITE's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.7%), PITE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PITE's dividends in 3 years are forecast to be covered by earnings (55% payout ratio).
Next Steps
Management
What is the CEO of PITECO's salary, the management and board of directors tenure and is there insider trading?
€5k
CEO Compensation
CEO
Paolo Virenti 0
0yrs
Tenure
€5,000
Compensation
Mr. Paolo Virenti serves as Chief Executive Officer and Director at PITECO S.p.A.
Insider Trading
Insider Buying: PITE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 6,500 |
| Max Price | €5.50 |
| Entity | Individual |
| Shares | 4,700 |
| Max Price | €5.75 |
| Entity | Individual |
| Shares | 15,567 |
| Max Price | €5.16 |
| Entity | Individual |
| Shares | 61 |
| Max Price | €5.10 |
| Entity | Individual |
| Shares | 1,500 |
| Max Price | €5.20 |
| Entity | Individual |
| Shares | 1,500 |
| Max Price | €5.30 |
| Entity | Individual |
| Shares | 11,600 |
| Max Price | €5.45 |
| Entity | Individual |
| Shares | 356 |
| Max Price | €5.05 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 838 |
| Max Price | €4.38 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 1,500 |
| Max Price | €4.22 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 2,000 |
| Max Price | €4.20 |
| Entity | Company |
| Shares | 40,000 |
| Max Price | €4.10 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 2,260 |
| Max Price | €4.06 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 1,300 |
| Max Price | €4.04 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 3,440 |
| Max Price | €4.10 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 3,500 |
| Max Price | €4.16 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 13,169 |
| Max Price | €4.30 |
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board of Directors |
| Shares | 10,331 |
| Max Price | €4.39 |
Ownership Breakdown
Management Team
Andrea Guillermaz
Sales & Marketing Director and Director
- Tenure: 0yrs
- Compensation: €5.00k
Paolo Virenti
Chief Executive Officer and Director
- Tenure: 0yrs
- Compensation: €5.00k
Board Members
Marco Podini
Chairman of the Board of Directors
- Tenure: 0yrs
- Compensation: €5.00k
Andrea Guillermaz
Sales & Marketing Director and Director
- Tenure: 0yrs
- Compensation: €5.00k
Maria Podini
Director
- Tenure: 0yrs
- Compensation: €5.00k
Paolo Virenti
Chief Executive Officer and Director
- Tenure: 0yrs
- Compensation: €5.00k
Riccardo Veneziani
Director
- Tenure: 0yrs
- Compensation: €5.00k
Annamaria Ruscio
Independent Director
- Tenure: 0yrs
- Compensation: €7.00k
Marcello Prete
Member of the Board of Statutory Auditors
- Tenure: 0yrs
Luigi Salandin
Chairman of the Board of Statutory Auditors
- Tenure: 0yrs
Francesco Mancini
Independent Director
- Tenure: 0yrs
- Compensation: €6.00k
Mauro Rossi
Independent Director
- Tenure: 0.5yrs
Company Information
PITECO S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: PITECO S.p.A.
- Ticker: PITE
- Exchange: BIT
- Founded: 1980
- Industry: Systems Software
- Sector: Software
- Market Cap: €100.556m
- Shares outstanding: 17.96m
- Website: https://www.pitecolab.it
Number of Employees
Location
- PITECO S.p.A.
- Via Mercalli, 16
- Milan
- Milan
- 20122
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PITE | BIT (Borsa Italiana) | Yes | Common Shares | IT | EUR | Jul 2015 |
| PITEM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Jul 2015 |
Biography
PITECO S.p.A. engages in the design, development, and implementation of solutions for treasury, finance, and financial planning management worldwide. The company offers PITECO EVO, a platform designed to m ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 21:49 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.