PIRELLI & C. S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.982 EUR | +0.67% |
|
+2.85% | +21.41% |
| Apr. 10 | PIRELLI : UBS reaffirms its Buy rating | ZD |
| Mar. 26 | Mib bearish; traders await US PCE | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,140 | 4,433 | 6,108 | 4,004 | 4,927 | 5,982 | - | - |
| Enterprise Value (EV) 1 | 8,647 | 7,691 | 9,015 | 6,557 | 4,927 | 8,070 | 7,694 | 7,308 |
| P/E ratio | 11.7 x | 148 x | 20.4 x | 9.53 x | 10.3 x | 12.3 x | 10.7 x | 9.61 x |
| Yield | 3.56% | 1.8% | 2.64% | 5.44% | - | 3.95% | 4.67% | 4.84% |
| Capitalization / Revenue | 0.97 x | 1.03 x | 1.15 x | 0.61 x | 0.74 x | 0.89 x | 0.86 x | 0.83 x |
| EV / Revenue | 1.62 x | 1.79 x | 1.69 x | 0.99 x | 0.74 x | 1.2 x | 1.11 x | 1.02 x |
| EV / EBITDA | 6.6 x | 8.61 x | 7.45 x | 4.66 x | 3.41 x | 5.45 x | 4.95 x | 4.54 x |
| EV / FCF | 13.7 x | 17.5 x | 20.1 x | 11.7 x | - | 15.3 x | 13.2 x | 10.5 x |
| FCF Yield | 7.31% | 5.73% | 4.97% | 8.56% | - | 6.54% | 7.56% | 9.57% |
| Price to Book | 1.09 x | 1 x | 1.24 x | 0.75 x | - | 1.04 x | 0.99 x | 0.94 x |
| Nbr of stocks (in thousands) | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | - | - |
| Reference price 2 | 5.140 | 4.433 | 6.108 | 4.004 | 4.927 | 5.982 | 5.982 | 5.982 |
| Announcement Date | 2/19/20 | 3/10/21 | 2/23/22 | 2/22/23 | 3/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,323 | 4,302 | 5,332 | 6,616 | 6,650 | 6,712 | 6,946 | 7,193 |
| EBITDA 1 | 1,310 | 893 | 1,211 | 1,408 | 1,446 | 1,482 | 1,554 | 1,609 |
| EBIT 1 | 917 | 501 | 815.8 | 977.8 | 1,002 | 1,023 | 1,117 | 1,164 |
| Operating Margin | 17.23% | 11.65% | 15.3% | 14.78% | 15.06% | 15.24% | 16.07% | 16.18% |
| Earnings before Tax (EBT) 1 | 622 | 57 | 436.8 | 595.6 | 630.1 | 692.8 | 798.3 | 882.3 |
| Net income 1 | 438.1 | 29.78 | 302.8 | 435.9 | 479.1 | 492 | 570 | 633.6 |
| Net margin | 8.23% | 0.69% | 5.68% | 6.59% | 7.2% | 7.33% | 8.21% | 8.81% |
| EPS 2 | 0.4380 | 0.0300 | 0.3000 | 0.4200 | 0.4800 | 0.4864 | 0.5615 | 0.6225 |
| Free Cash Flow 1 | 632.2 | 440.5 | 448 | 561.4 | - | 528 | 581.4 | 699.2 |
| FCF margin | 11.88% | 10.24% | 8.4% | 8.49% | - | 7.87% | 8.37% | 9.72% |
| FCF Conversion (EBITDA) | 48.26% | 49.33% | 37% | 39.86% | - | 35.64% | 37.42% | 43.46% |
| FCF Conversion (Net income) | 144.29% | 1,479.04% | 147.95% | 128.79% | - | 107.32% | 102% | 110.36% |
| Dividend per Share 2 | 0.1830 | 0.0800 | 0.1610 | 0.2180 | - | 0.2363 | 0.2794 | 0.2895 |
| Announcement Date | 2/19/20 | 3/10/21 | 2/23/22 | 2/22/23 | 3/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,816 | 2,486 | 2,565 | 1,414 | 1,352 | 2,767 | 1,521 | 1,676 | 3,197 | 1,836 | 1,582 | 3,419 | 1,700 | 1,738 | 3,438 | 1,723 | 1,490 | 3,213 | 1,679 | 1,738 | 1,746 | 1,503 | - |
| EBITDA 1 | 267.9 | 625.1 | 573.9 | 320 | 316.8 | 636.8 | 333 | 362.2 | 695.3 | 383.9 | 329.1 | 713 | 359.7 | 379.4 | 739.1 | 376.7 | 330.3 | 707 | 358 | - | - | - | - |
| EBIT 1 | 66.7 | 434.3 | 377.4 | 221 | 217.4 | 438.4 | 229 | 253.1 | 481.6 | 271.9 | 224.3 | 496.2 | 248.1 | 269.3 | 517.4 | 265.1 | 219.3 | 484.4 | 240.9 | 268.5 | 266.2 | 223.1 | - |
| Operating Margin | 3.67% | 17.47% | 14.71% | 15.63% | 16.08% | 15.85% | 15.06% | 15.1% | 15.06% | 14.81% | 14.17% | 14.51% | 14.6% | 15.5% | 15.05% | 15.39% | 14.72% | 15.08% | 14.35% | 15.45% | 15.25% | 14.85% | - |
| Earnings before Tax (EBT) | - | 191.6 | 178.7 | - | 115.8 | 258.1 | 150 | 168.1 | 317.9 | 172.3 | 105.4 | 277.7 | 160.8 | 178.5 | 339.3 | 187.7 | 103.1 | 290.8 | - | - | - | - | - |
| Net income 1 | -103.3 | - | 123.1 | 105 | 78.84 | - | 107.5 | 113.9 | 221.4 | 126.3 | 76.6 | - | 111.6 | 127.6 | 242.6 | 161 | 86.1 | - | 103.1 | 100.3 | 150.4 | 150.4 | - |
| Net margin | -5.69% | - | 4.8% | 7.43% | 5.83% | - | 7.07% | 6.8% | 6.93% | 6.88% | 4.84% | - | 6.57% | 7.34% | 7.06% | 9.34% | 5.78% | - | 6.14% | 5.77% | 8.61% | 10.01% | - |
| EPS 2 | - | - | 0.1230 | 0.1010 | 0.0760 | - | 0.1100 | 0.1110 | 0.2210 | 0.1200 | 0.0800 | - | 0.1100 | 0.1200 | - | 0.1600 | 0.0900 | - | 0.1134 | 0.1051 | 0.1352 | 0.1252 | - |
| Dividend per Share 2 | - | - | - | - | 0.1610 | - | - | - | - | - | 0.2180 | - | - | - | - | - | - | - | 0.0258 | 0.0516 | 0.0516 | 0.0516 | 0.0809 |
| Announcement Date | 8/5/20 | 3/10/21 | 8/5/21 | 11/11/21 | 2/23/22 | 2/23/22 | 5/10/22 | 8/4/22 | 8/4/22 | 11/3/22 | 2/22/23 | 2/22/23 | 5/11/23 | 7/27/23 | 7/27/23 | 11/9/23 | 3/6/24 | 3/6/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,507 | 3,258 | 2,907 | 2,553 | - | 2,088 | 1,712 | 1,326 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.677 x | 3.648 x | 2.401 x | 1.813 x | - | 1.409 x | 1.102 x | 0.8241 x |
| Free Cash Flow 1 | 632 | 440 | 448 | 561 | - | 528 | 581 | 699 |
| ROE (net income / shareholders' equity) | 9.53% | 0.65% | 6.88% | 8.52% | - | 9.11% | 9.94% | 10.8% |
| ROA (Net income/ Total Assets) | 3.26% | 1.78% | 2.33% | 3.14% | - | 3.72% | 4.21% | 4.82% |
| Assets 1 | 13,454 | 1,676 | 12,987 | 13,890 | - | 13,230 | 13,534 | 13,149 |
| Book Value Per Share 2 | 4.720 | 4.450 | 4.910 | 5.320 | - | 5.760 | 6.050 | 6.350 |
| Cash Flow per Share 2 | 1.020 | 0.6200 | 0.7400 | 0.9700 | - | 1.040 | 1.110 | 0.9500 |
| Capex 1 | 391 | 140 | 346 | 477 | - | 452 | 463 | 487 |
| Capex / Sales | 7.35% | 3.25% | 6.49% | 7.22% | - | 6.74% | 6.67% | 6.76% |
| Announcement Date | 2/19/20 | 3/10/21 | 2/23/22 | 2/22/23 | 3/6/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
5.982
EUR
Average target price
6.294
EUR
Spread / Average Target
+5.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.41% | 6.39B | |
| -7.58% | 5.5B | |
| +24.89% | 5.03B | |
| +2.23% | 4.56B | |
| +17.11% | 4.55B | |
| +8.45% | 3.75B | |
| +25.05% | 3.65B | |
| +43.04% | 3.08B | |
| +27.13% | 2.02B | |
| +41.67% | 1.52B |
- Stock Market
- Equities
- PIRC Stock
- Financials Pirelli & C. S.p.A.
