Executive Summary
PITECO S.p.A. engages in the design, development, and implementation of solutions for treasury, finance, and financial planning management worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential second-rate dividend payer.
Share Price & News
How has PITECO's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PITE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.5%
PITE
-2.0%
IT Software
-1.1%
IT Market
1 Year Return
38.0%
PITE
7.9%
IT Software
-12.8%
IT Market
Return vs Industry: PITE exceeded the Italian Software industry which returned 7.9% over the past year.
Return vs Market: PITE exceeded the Italian Market which returned -12.8% over the past year.
Shareholder returns
| PITE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -2.0% | -1.1% |
| 30 Day | -9.2% | -3.9% | -0.4% |
| 90 Day | 21.7% | -0.5% | 0.07% |
| 1 Year | 41.4%38.0% | 8.2%7.9% | -10.6%-12.8% |
| 3 Year | 54.5%42.0% | 1.1%-2.9% | -9.9%-18.1% |
| 5 Year | 161.7%127.6% | 93.0%78.5% | -0.5%-31.7% |
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 week ago | Simply Wall St
The Price Is Right For PITECO S.p.A. (BIT:PITE)1 month ago | Simply Wall St
What Type Of Shareholders Own The Most Number of PITECO S.p.A. (BIT:PITE) Shares?1 month ago | Simply Wall St
Shareholders Of PITECO (BIT:PITE) Must Be Happy With Their 127% Total ReturnValuation
Is PITECO undervalued compared to its fair value and its price relative to the market?
44.76x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PITE (€7.52) is trading above our estimate of fair value (€4.91)
Significantly Below Fair Value: PITE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PITE is poor value based on its PE Ratio (44.8x) compared to the IT Software industry average (17.8x).
PE vs Market: PITE is poor value based on its PE Ratio (44.8x) compared to the Italian market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: PITE is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: PITE is overvalued based on its PB Ratio (4.3x) compared to the IT Software industry average (3.8x).
Next Steps
Future Growth
How is PITECO forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
26.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PITE's forecast earnings growth (26.5% per year) is above the savings rate (2%).
Earnings vs Market: PITE's earnings (26.5% per year) are forecast to grow faster than the Italian market (25% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PITE's revenue (6% per year) is forecast to grow faster than the Italian market (3.6% per year).
High Growth Revenue: PITE's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PITE's Return on Equity is forecast to be low in 3 years time (18.4%).
Next Steps
Past Performance
How has PITECO performed over the past 5 years?
6.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PITE has high quality earnings.
Growing Profit Margin: PITE's current net profit margins (12.7%) are lower than last year (26.3%).
Past Earnings Growth Analysis
Earnings Trend: PITE's earnings have grown by 6.9% per year over the past 5 years.
Accelerating Growth: PITE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PITE had negative earnings growth (-42.7%) over the past year, making it difficult to compare to the Software industry average (27.4%).
Return on Equity
High ROE: PITE's Return on Equity (9.6%) is considered low.
Next Steps
Financial Health
How is PITECO's financial position?
Financial Position Analysis
Short Term Liabilities: PITE's short term assets (€10.1M) do not cover its short term liabilities (€16.0M).
Long Term Liabilities: PITE's short term assets (€10.1M) do not cover its long term liabilities (€25.4M).
Debt to Equity History and Analysis
Debt Level: PITE's debt to equity ratio (91.1%) is considered high.
Reducing Debt: PITE's debt to equity ratio has increased from 64.9% to 91.1% over the past 5 years.
Debt Coverage: PITE's debt is well covered by operating cash flow (25.3%).
Interest Coverage: PITE's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Next Steps
Dividend
What is PITECO current dividend yield, its reliability and sustainability?
1.99%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PITE's dividend (1.99%) is higher than the bottom 25% of dividend payers in the Italian market (1.57%).
High Dividend: PITE's dividend (1.99%) is low compared to the top 25% of dividend payers in the Italian market (5.29%).
Stability and Growth of Payments
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 5 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (89.3%), PITE's 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 (55.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
€9k
CEO Compensation
CEO
Paolo Virenti
no data
Tenure
€9,000
Compensation
Mr. Paolo Virenti serves as Chief Executive Officer and Director at PITECO S.p.A.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Top Shareholders
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: €140.968m
- Shares outstanding: 18.75m
- 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 | 2020/09/21 04:11 |
| End of Day Share Price | 2020/09/18 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.