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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Pirelli & C. S.p.A.    PIRC   IT0005278236

PIRELLI & C. S.P.A.

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Pirelli & C S p A : investor Camfin renews authorisation to buy up to 5% of tyre-maker

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09/11/2019 | 08:31am EDT

MILAN (Reuters) - Pirelli shareholder Camfin said on Wednesday its board had renewed an authorisation to buy up to 5% of the tyre-maker's shares.

The new authorization, which will expire in April 2020, follows a green-light to purchase up to 2% of Pirelli announced in October last year, Camfin said in a statement.

The board "considered that the present stock market values of Pirelli do not reflect its fundamentals or its growth potential," Camfin added.

Investment vehicle Camfin, which holds about 10% of Pirelli, and Chinese investors, which jointly own around 45.5% of the group, said in July they had extended until 2023 a shareholder agreement giving them the control of the Italian firm.

(Reporting by Giulio Piovaccari; editing by Francesca Landini)

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Financials (EUR)
Sales 2019 5 278 M
EBIT 2019 926 M
Net income 2019 521 M
Debt 2019 3 384 M
Yield 2019 3,55%
P/E ratio 2019 10,9x
P/E ratio 2020 11,0x
EV / Sales2019 1,71x
EV / Sales2020 1,59x
Capitalization 5 660 M
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Technical analysis trends PIRELLI & C. S.P.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 6,06  €
Last Close Price 5,66  €
Spread / Highest target 32,5%
Spread / Average Target 7,12%
Spread / Lowest Target -27,6%
EPS Revisions
Managers
NameTitle
Giovanni Battista Ferrario Chief Executive Officer & Director
Marco Tronchetti Provera Executive Vice Chairman & Chief Executive Officer
Gao Ning Ning Chairman
Andrea Livio Donato Casaluci COO-Europe, EVP-BU Prestige
Francesco Tanzi Chief Financial Officer
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