Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles.
Solid track record, good value and pays a dividend.
Share Price & News
How has Piaggio & C's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PIAG.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PIAG.F underperformed the US Auto industry which returned 52.6% over the past year.
Return vs Market: PIAG.F exceeded the US Market which returned 19.4% over the past year.
Price Volatility Vs. Market
How volatile is Piaggio & C's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Piaggio & C undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PIAG.F ($2.7) is trading below our estimate of fair value ($4.13)
Significantly Below Fair Value: PIAG.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PIAG.F is good value based on its PE Ratio (19.7x) compared to the Auto industry average (27.3x).
PE vs Market: PIAG.F is poor value based on its PE Ratio (19.7x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: PIAG.F is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: PIAG.F is good value based on its PB Ratio (2.3x) compared to the US Auto industry average (3.6x).
How is Piaggio & C forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PIAG.F's forecast earnings growth (17.9% per year) is above the savings rate (1.7%).
Earnings vs Market: PIAG.F's earnings (17.9% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: PIAG.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: PIAG.F's revenue (4.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: PIAG.F's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PIAG.F's Return on Equity is forecast to be low in 3 years time (17.7%).
How has Piaggio & C performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIAG.F has high quality earnings.
Growing Profit Margin: PIAG.F's current net profit margins (3.1%) are higher than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: PIAG.F has become profitable over the past 5 years, growing earnings by 34.4% per year.
Accelerating Growth: PIAG.F's earnings growth over the past year (46.7%) exceeds its 5-year average (34.4% per year).
Earnings vs Industry: PIAG.F earnings growth over the past year (46.7%) exceeded the Auto industry -18.9%.
Return on Equity
High ROE: PIAG.F's Return on Equity (11.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Piaggio & C's financial position?
Financial Position Analysis
Short Term Liabilities: PIAG.F's short term assets (€618.0M) do not cover its short term liabilities (€741.4M).
Long Term Liabilities: PIAG.F's short term assets (€618.0M) exceed its long term liabilities (€565.3M).
Debt to Equity History and Analysis
Debt Level: PIAG.F's debt to equity ratio (154.2%) is considered high.
Reducing Debt: PIAG.F's debt to equity ratio has increased from 137.6% to 154.2% over the past 5 years.
Debt Coverage: PIAG.F's debt is well covered by operating cash flow (33%).
Interest Coverage: PIAG.F's interest payments on its debt are well covered by EBIT (5.4x coverage).
Inventory Level: PIAG.F has a high level of physical assets or inventory.
Debt Coverage by Assets: PIAG.F's debt is covered by short term assets (assets are 1x debt).
What is Piaggio & C's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PIAG.F's dividend (4.36%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: PIAG.F's dividend (4.36%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: PIAG.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: PIAG.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.2%), PIAG.F's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PIAG.F's dividends in 3 years are forecast to be covered by earnings (65.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Roberto Colaninno (76yo)
Mr. Roberto Colaninno has been the Chief Executive Officer of Piaggio & C. SpA since November 26, 2006 and served as its President and Director in charge of Internal Audit. Mr. Colaninno serves as Managing ...
CEO Compensation Analysis
Compensation vs Market: Roberto's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD2.50M).
Compensation vs Earnings: Roberto's compensation has been consistent with company performance over the past year.
|Chairman & CEO||13.3yrs||€1.29m||no data|
|Chief Financial Officer||0.3yrs||no data||no data|
|Executive Vice President of Investor Relations||9.1yrs||no data||no data|
|General Counsel & Member of Supervisory Body||11.1yrs||no data||no data|
|Executive Vice President of Marketing & Communication||6.3yrs||no data||no data|
|Executive Vice President of Human Resources||11.1yrs||no data||no data|
|Executive Vice President of 2 Wheeler Italy & EMEA Market||5.3yrs||no data||no data|
|Executive Vice President of Asia Pacifc 2 Wheeler - China||5.3yrs||no data||no data|
|Executive Vice President of 3-4 Wheeler EMEA & Emerging Markets||5.3yrs||no data||no data|
|Executive Vice President of 3-4 Wheeler Product Development||5.9yrs||no data||no data|
Experienced Management: PIAG.F's management team is seasoned and experienced (6.1 years average tenure).
|Chairman & CEO||13.3yrs||€1.29m||no data|
|Chairman & CEO of Piaggio Group Americas||5.6yrs||no data||no data|
|Independent Director||4.8yrs||€52.46k||no data|
|Deputy Chairman||16.1yrs||€100.00k||no data|
|Independent Director||4.8yrs||€28.82k||no data|
|Chairman of Piaggio Vehicles Private Ltd||0yrs||no data||no data|
|Lead Independent Director||0yrs||€43.23k||no data|
|Independent Director||4.8yrs||€28.82k||no data|
|Chairman of Board of Statutory Auditors||4.8yrs||no data||no data|
Experienced Board: PIAG.F's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Piaggio & C. SpA's company bio, employee growth, exchange listings and data sources
- Name: Piaggio & C. SpA
- Ticker: PIAG.F
- Exchange: OTCPK
- Founded: 1884
- Industry: Motorcycle Manufacturers
- Sector: Automobiles
- Market Cap: €901.711m
- Listing Market Cap: €975.456m
- Shares outstanding: 357.25m
- Website: https://www.piaggiogroup.com
Number of Employees
- Piaggio & C. SpA
- Viale Rinaldo Piaggio, 25
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PIA||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Jul 2006|
|P1I||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2006|
|PIAG.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jul 2006|
|0FM1||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jul 2006|
|PIAM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Jul 2006|
|PGGC.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Nov 2015|
Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. The company offers two-wheelers, including scooters, motorcycles, and mopeds, as well as related spare parts and accessories under the Aprilia, Derbi, Gilera, Moto Guzzi, Piaggio, Scarabeo, and Vespa brand names. It also provides three-and four-wheeler light transport sector vehicles, as well as related spare parts and accessories for commercial and private use under the Ape and Veicoli Commerciali brands. In addition, the company sells engines to third parties; conducts two-wheeler sports championships; and provides technical services. It distributes its vehicles primarily through dealers and importers in Europe, the Middle East, Africa, the Americas, the Asia Pacific, and India. The company was founded in 1884 and is headquartered in Pontedera, Italy. Piaggio & C. SpA is a subsidiary of IMMSI S.p.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 00:49|
|End of Day Share Price||2020/02/14 00:00|
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.