PITECO
PITECO S.p.A. engages in the design, development, and implementation of solutions for treasury, finance, and financial planning management worldwide. The last earnings update was 23 days ago. More info.
Add to Portfolio Compare Print
PITE Share Price and Events
7 Day Returns
1 Year Returns
PITE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| PITECO (PITE) | 5% | 29.9% | 32.5% | 8.6% | 38.6% | - |
| IT Software | -0% | 3.8% | 11.7% | -6.3% | 48.2% | 36.5% |
| IT Market | 0.6% | 2.9% | 10% | -7.2% | -7.2% | -35% |
1 Year Return vs Industry and Market
- PITE outperformed the Software industry which returned -6.3% over the past year.
- PITE outperformed the Market in Italy which returned -7.2% over the past year.
Value
Is PITECO 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
PITECO
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for PITECO.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 14.6% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IT Govt Bond Rate | 2.9% |
| Equity Risk Premium | S&P Global | 9% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 24%) (34.23%)) |
1.288 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.29 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.93% + (1.288 * 9.02%) |
14.56% |
Discounted Cash Flow Calculation for BIT:PITE using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for PITECO 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 14.56%) |
|
|---|---|---|---|
| 2019 | 8.82 | Analyst x2 | 7.69 |
| 2020 | 9.51 | Analyst x2 | 7.24 |
| 2021 | 10.33 | Analyst x2 | 6.87 |
| 2022 | 11.02 | Est @ 6.71% | 6.40 |
| 2023 | 11.64 | Est @ 5.58% | 5.90 |
| 2024 | 12.19 | Est @ 4.78% | 5.40 |
| 2025 | 12.71 | Est @ 4.23% | 4.91 |
| 2026 | 13.20 | Est @ 3.84% | 4.45 |
| 2027 | 13.67 | Est @ 3.57% | 4.02 |
| 2028 | 14.13 | Est @ 3.38% | 3.63 |
| Present value of next 10 years cash flows | €56.52 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €14.13 × (1 + 2.93%) ÷ (14.56% – 2.93%) |
€125.16 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €125.16 ÷ (1 + 14.56%)10 |
€32.16 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €56.52 + €32.16 |
€88.68 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €88.68 / 17.98 |
€4.93 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €4.93 |
| Current discount | Discount to share price of
€5.30
= -1 x (€5.30 - €4.93) / €4.93 |
-7.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of PITECO is above its future cash flow value.
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 PITECO's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
PITECO's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €0.25 |
| BIT:PITE Share Price ** | BIT (2019-04-17) in EUR | €5.3 |
| Italy Software Industry PE Ratio | Median Figure of 6 Publicly-Listed Software Companies | 26.47x |
| Italy Market PE Ratio | Median Figure of 239 Publicly-Listed Companies | 16.32x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of PITECO.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BIT:PITE Share Price ÷ EPS (both in EUR) = 5.3 ÷ 0.25 |
20.89x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PITECO is good value based on earnings compared to the IT Software industry average.
- PITECO is overvalued based on earnings compared to the Italy market.
Price based on expected Growth
Does
PITECO's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 20.89x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
14.8%per year |
| Europe Software Industry PEG Ratio | Median Figure of 76 Publicly-Listed Software Companies | 2.12x |
| Italy Market PEG Ratio | Median Figure of 159 Publicly-Listed Companies | 1.3x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 20.89x ÷ 14.8% |
1.41x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PITECO is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
PITECO's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €1.58 |
| BIT:PITE Share Price * | BIT (2019-04-17) in EUR | €5.3 |
| Italy Software Industry PB Ratio | Median Figure of 9 Publicly-Listed Software Companies | 2.93x |
| Italy Market PB Ratio | Median Figure of 313 Publicly-Listed Companies | 1.52x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BIT:PITE Share Price ÷ Book Value per Share (both in EUR) = 5.3 ÷ 1.58 |
3.34x |
* Primary Listing of PITECO.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PITECO is overvalued based on assets compared to the IT Software industry average.
Value checks
We assess PITECO's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) PITECO has a total score of 1/6, 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 PITECO expected to perform in the next 1 to 3 years based on estimates from 2 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!
Earnings growth vs Low Risk Savings
- PITECO's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
- PITECO's earnings growth is expected to exceed the Italy market average.
- PITECO's revenue growth is expected to exceed the Italy market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| BIT:PITE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 14.8% |
| BIT:PITE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 11.5% |
| Italy Software Industry Earnings Growth Rate | Market Cap Weighted Average | 45.3% |
| Italy Software Industry Revenue Growth Rate | Market Cap Weighted Average | 12.1% |
| Italy Market Earnings Growth Rate | Market Cap Weighted Average | 10.3% |
| Italy Market Revenue Growth Rate | Market Cap Weighted Average | 3.6% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 29 | 12 | 9 | 1 |
| 2020-12-31 | 27 | 10 | 8 | 1 |
| 2019-12-31 | 25 | 9 | 7 | 1 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 20 | 6 | 5 |
| 2018-09-30 | 19 | 6 | 5 |
| 2018-06-30 | 18 | 6 | 5 |
| 2018-03-31 | 17 | 5 | 4 |
| 2017-12-31 | 17 | 4 | 3 |
| 2017-09-30 | 16 | 4 | |
| 2017-06-30 | 15 | 4 | 4 |
| 2017-03-31 | 14 | 4 | 4 |
| 2016-12-31 | 14 | 4 | 5 |
| 2016-09-30 | 14 | 4 | |
| 2016-06-30 | 13 | 5 | 4 |
| 2016-03-31 | 13 | 4 | 4 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from PITECO Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.47 | 0.51 | 0.44 | 2.00 |
| 2020-12-31 | 0.43 | 0.45 | 0.42 | 2.00 |
| 2019-12-31 | 0.37 | 0.38 | 0.36 | 2.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | |
| 2018-09-30 | |
| 2018-06-30 | 0.25 |
| 2018-03-31 | 0.22 |
| 2017-12-31 | 0.19 |
| 2017-09-30 | 0.20 |
| 2017-06-30 | 0.21 |
| 2017-03-31 | 0.23 |
| 2016-12-31 | 0.25 |
| 2016-09-30 | 0.23 |
| 2016-06-30 | 0.20 |
| 2016-03-31 | 0.20 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess PITECO's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
PITECO has a total score of 4/6, 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 PITECO 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
Past Earnings growth analysis
- PITECO's year on year earnings growth rate has been positive over the past 5 years.
- PITECO's 1-year earnings growth exceeds its 5-year average (55.5% vs 14.4%)
- PITECO's earnings growth has not exceeded the IT Software industry average in the past year (55.5% vs 55.5%).
Earnings and Revenue History
All data from PITECO Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 20.31 | 5.27 | ||
| 2018-09-30 | 19.26 | 4.93 | 1.98 | |
| 2018-06-30 | 18.21 | 4.59 | 0.29 | |
| 2018-03-31 | 17.47 | 3.99 | 0.28 | |
| 2017-12-31 | 16.74 | 3.39 | 0.26 | |
| 2017-09-30 | 15.69 | 3.56 | -3.13 | |
| 2017-06-30 | 14.65 | 3.73 | -2.87 | |
| 2017-03-31 | 14.23 | 4.11 | -1.36 | |
| 2016-12-31 | 13.80 | 4.50 | 0.15 | |
| 2016-09-30 | 13.63 | 4.21 | 3.09 | |
| 2016-06-30 | 13.46 | 3.93 | 6.03 | |
| 2016-03-31 | 13.15 | 3.68 | 5.78 | |
| 2015-12-31 | 12.84 | 3.43 | 5.54 | |
| 2014-12-31 | 12.30 | 2.44 | 5.24 | |
| 2013-12-31 | 11.17 | 1.65 | 5.05 |
*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.
- PITECO has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- PITECO used its assets more efficiently than the IT Software industry average last year based on Return on Assets.
- PITECO's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess PITECO's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
PITECO 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 PITECO'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 PITECO's finances.
The net worth of a company is the difference between its assets and liabilities.
- PITECO is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- PITECO's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.3x 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.
All data from PITECO Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 31.14 | 32.63 | 5.83 |
| 2018-09-30 | 31.14 | 32.63 | 5.83 |
| 2018-06-30 | 28.50 | 11.24 | 6.15 |
| 2018-03-31 | 28.50 | 11.24 | 6.15 |
| 2017-12-31 | 29.92 | 11.68 | 5.15 |
| 2017-09-30 | 29.92 | 11.68 | 5.15 |
| 2017-06-30 | 30.17 | 14.49 | 7.89 |
| 2017-03-31 | 30.17 | 14.49 | 7.89 |
| 2016-12-31 | 32.02 | 8.92 | 10.87 |
| 2016-09-30 | 32.02 | 8.92 | 10.87 |
| 2016-06-30 | 29.28 | 9.73 | 11.61 |
| 2016-03-31 | 29.28 | 9.73 | 11.61 |
| 2015-12-31 | 29.38 | 10.54 | 10.20 |
| 2014-12-31 | 18.28 | 11.89 | 1.85 |
| 2013-12-31 | 19.10 | 16.57 | 3.05 |
- PITECO's level of debt (104.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (86.7% vs 104.8% today).
- Debt is not well covered by operating cash flow (19.1%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 18.8x coverage).
Financial health checks
We assess PITECO's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) PITECO has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 PITECO'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
If you bought
€2,000 of
PITECO
shares you are expected to receive
€57
in your first year as a dividend.
Dividend Amount
- PITECO's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (1.95%).
- PITECO's dividend is below the markets top 25% of dividend payers in Italy (4.4%).
Upcoming dividend payment
Purchase PITECO before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 2 Analyst Estimates (S&P Global) | See Below |
| Europe Software Industry Average Dividend Yield | Market Cap Weighted Average of 80 Stocks | 1.5% |
| Italy Market Average Dividend Yield | Market Cap Weighted Average of 182 Stocks | 4% |
| Italy Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Italy Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Italy Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.26 | 2.00 |
| 2020-12-31 | 0.24 | 2.00 |
| 2019-12-31 | 0.20 | 2.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-25 | 0.150 | 3.092 |
| 2018-04-23 | 0.150 | 3.461 |
| 2018-03-15 | 0.150 | 3.034 |
| 2016-05-24 | 0.100 | 2.199 |
| 2016-03-17 | 0.100 | 2.648 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, PITECO has been paying a dividend for less than 10 years.
- Dividend payments have increased, but PITECO only paid a dividend in the past 3 years.
Income/ dividend checks
We assess PITECO's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can PITECO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) PITECO has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €5,000 |
CEO Bio
Mr. Paolo Virenti serves as Chief Executive Officer and Director at PITECO S.p.A.
CEO Compensation
- Paolo's compensation has been consistent with company performance over the past year.
- Paolo's remuneration is higher than average for companies of similar size in Italy.
Management Team
Paolo Virenti
Chief Executive Officer and Director
€5K
Andrea Guillermaz
Sales & Marketing Director and Director
€5K
Piero Pogliani
Head of Match.IT Business Unit
Board of Directors
Marco Podini
Chairman of the Board of Directors
€5K
Paolo Virenti
Chief Executive Officer and Director
€5K
Andrea Guillermaz
Sales & Marketing Director and Director
€5K
Luigi Salandin
Chairman of the Board of Statutory Auditors
Maria Podini
Director
€5K
Riccardo Veneziani
Director
€5K
Annamaria Ruscio
Director
€5K
Marcello Prete
Member of the Board of Statutory Auditors
Fabio Mascherpa
Member of the Board of Statutory Auditors
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by PITECO insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Feb 19 | Buy | Marco Podini | Individual | 13. Feb 19 | 13. Feb 19 | 838 | €4.38 | €3,637 | ||
| 05. Feb 19 | Buy | Marco Podini | Individual | 31. Jan 19 | 31. Jan 19 | 1,500 | €4.22 | €6,310 | ||
| 31. Jan 19 | Buy | LiLLo S.p.A. | Company | 28. Jan 19 | 29. Jan 19 | 40,000 | €4.10 | €164,078 | ||
| 31. Jan 19 | Buy | Marco Podini | Individual | 28. Jan 19 | 29. Jan 19 | 2,000 | €4.20 | €8,252 | ||
| 23. Jan 19 | Buy | Marco Podini | Individual | 21. Jan 19 | 21. Jan 19 | 2,260 | €4.06 | €9,156 | ||
| 10. Jan 19 | Buy | Marco Podini | Individual | 07. Jan 19 | 08. Jan 19 | 10,331 | €4.39 | €42,945 | ||
| 21. Jan 19 | Buy | Marco Podini | Individual | 17. Jan 19 | 17. Jan 19 | 1,300 | €4.04 | €5,252 | ||
| 17. Jan 19 | Buy | Marco Podini | Individual | 15. Jan 19 | 16. Jan 19 | 3,440 | €4.10 | €14,030 | ||
| 15. Jan 19 | Buy | Marco Podini | Individual | 11. Jan 19 | 14. Jan 19 | 3,500 | €4.16 | €14,496 | ||
| 14. Jan 19 | Buy | Marco Podini | Individual | 09. Jan 19 | 10. Jan 19 | 13,169 | €4.30 | €55,444 | ||
| 02. Oct 18 | Buy | Maria Podini | Individual | 27. Sep 18 | 27. Sep 18 | 10,000 | €5.00 | €49,635 | ||
| 02. Oct 18 | Buy | Marco Podini | Individual | 27. Sep 18 | 27. Sep 18 | 10,000 | €5.00 | €49,970 | ||
| 14. Jun 18 | Buy | Marco Podini | Individual | 12. Jun 18 | 12. Jun 18 | 3,000 | €4.60 | €13,800 | ||
| 12. Jun 18 | Buy | Marco Podini | Individual | 08. Jun 18 | 08. Jun 18 | 500 | €4.60 | €2,300 | ||
| 01. Jun 18 | Buy | Marco Podini | Individual | 30. May 18 | 30. May 18 | 9,000 | €4.84 | €42,570 | ||
| 01. Jun 18 | Sell | Marco Podini | Individual | 30. May 18 | 30. May 18 | -1,500 | €4.80 | €-7,200 | ||
| 31. May 18 | Buy | Marco Podini | Individual | 28. May 18 | 29. May 18 | 43,000 | €5.03 | €207,716 | ||
| 29. May 18 | Buy | Marco Podini | Individual | 24. May 18 | 24. May 18 | 20,000 | €4.84 | €94,800 | ||
| 28. May 18 | Buy | Marco Podini | Individual | 23. May 18 | 23. May 18 | 8,000 | €4.86 | €38,470 | ||
| 24. May 18 | Buy | Marco Podini | Individual | 22. May 18 | 22. May 18 | 46,500 | €4.86 | €219,650 | ||
| 14. May 18 | Buy | Marco Podini | Individual | 09. May 18 | 09. May 18 | 2,500 | €4.86 | €12,120 | ||
| 10. May 18 | Buy | Marco Podini | Individual | 08. May 18 | 08. May 18 | 4,000 | €5.00 | €19,720 | ||
| 09. May 18 | Buy | Marco Podini | Individual | 04. May 18 | 07. May 18 | 10,500 | €5.00 | €51,432 | ||
| 07. May 18 | Buy | Marco Podini | Individual | 02. May 18 | 03. May 18 | 7,000 | €4.91 | €33,978 | ||
| 02. May 18 | Buy | Marco Podini | Individual | 27. Apr 18 | 30. Apr 18 | 10,000 | €4.91 | €48,779 | ||
| 27. Apr 18 | Buy | Marco Podini | Individual | 24. Apr 18 | 25. Apr 18 | 12,000 | €4.91 | €58,835 | ||
| 25. Apr 18 | Buy | Marco Podini | Individual | 20. Apr 18 | 23. Apr 18 | 13,000 | €4.92 | €63,494 | ||
| 20. Apr 18 | Buy | Marco Podini | Individual | 18. Apr 18 | 19. Apr 18 | 3,000 | €4.91 | €14,697 | ||
| 11. May 18 | Buy | Marco Podini | Individual | 09. May 18 | 09. May 18 | 500 | €4.84 | €2,420 | ||
Management checks
We assess PITECO's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) PITECO 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
Has PITECO S.p.A. (BIT:PITE) Been Employing Capital Shrewdly?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleThe PITECO (BIT:PITE) Share Price Is Down 13% So Some Shareholders Are Getting Worried
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the unfortunate twelve months during which the PITECO share price fell, it actually saw its earnings per share (EPS) improve by 23%.
Simply Wall St - – Full articleWhat Investors Should Know About PITECO S.p.A.'s (BIT:PITE) Financial Strength
Investors are always looking for growth in small-cap stocks like PITECO S.p.A. … However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is
Simply Wall St - – Full articleRead This Before Buying PITECO S.p.A. (BIT:PITE) Shares
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … In the last twelve months, the biggest single sale by an insider was when Chairman of the Board of Directors Marco Podini sold €1.4m worth of shares at a price of €4.96 per share. … That means that an insider was selling shares at around the current price of €4.38.
Simply Wall St - – Full articleWhy We’re Not Impressed By PITECO S.p.A.’s (BIT:PITE) 14% ROCE
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleRead This Before Buying PITECO SpA (BIT:PITE) For Its Dividend
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … PITECO SpA (BIT:PITE) has recently paid dividends to shareholders, and currently yields 3.8%. … View our latest analysis for PITECO
Simply Wall St - – Full articleWhy PITECO SpA (BIT:PITE) Looks Like A Quality Company
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows PITECO has a return on equity of 16% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articlePITECO SpA (BIT:PITE): Can Growth Justify Its October Share Price?
Looking at PITECO SpA’s (BIT:PITE) fundamentals some investors are wondering if its last closing price of €4.32 represents a good value for money for this high growth stock. … Let’s look into this by assessing PITE's expected growth over the next few years. … According to the analysts covering the company, the following few years should bring about good growth prospects for PITECO
Simply Wall St - – Full articleWho Are The Top Investors In PITECO SpA (BIT:PITE)?
In this article, I will take a quick look at PITECO SpA’s (BIT:PITE) recent ownership structure – an unconventional investing subject, but an important one. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine PITE's ownership structure in more detail.
Simply Wall St - – Full articlePositive Sentiment Around PITECO SpA (BIT:PITE) Is Justified
PITECO SpA (BIT:PITE) continues to post impressive revenue growth and its prospects have never been brighter. … I will conduct a high level fundamental analysis on the company by looking at its past financials and growth prospects moving forward … Firstly, a quick intro on the company -
Simply Wall St - – Full articleCompany Info
Description
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 manage cash management, payment factory, financial planning, global liquidity management, and supply chain finance; PITECO CBC, a corporate banking communication platform that manages automation of the authorization workflows; and PITECO FRM that supports corporate financial risk management processes in compliance with the international accounting codes and observing financial risk exposures. It also provides MATCH.IT, a solution to analyze and match complex data; and PITECO AT.PRO, an information system for the back and middle office management of securities portfolio. In addition, the company offers consultancy and assistance services, including consultancy tailored to client needs, customer care, software customizing, customizable product releases, and application management. It serves various customers in automation and paper, automotive, chemical and pharmaceutical, healthcare, construction and tile, consumer goods, fashion, finance and insurance, food, logistics and travelling, mechanics and steel, media, retail, services, telecom, utilities, and oil and gas industries. The company was founded in 1980 and is headquartered in Milan, Italy. PITECO S.p.A. is a subsidiary of DEDAGROUP spa.
Details
| Name: | PITECO S.p.A. |
| PITE | |
| Exchange: | BIT |
| Founded: | 1980 |
| €95,315,200 | |
| 17,984,000 | |
| Website: | http://www.pitecolab.it |
| Address: |
PITECO S.p.A. Via Mercalli, 16, Milan, Milan, 20122, Italy |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BIT | PITE | Common Shares | Borsa Italiana | IT | EUR | 31. Jul 2015 |
Number of employees
Current staff
Industry
| Systems Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/17 23:31 |
| End of day share price update: | 2019/04/17 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/03/25 |
| Last earnings reported: | 2018/12/31 |
| 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.
