MTAAPIA
Market cap783mUSD
Dec 20, Last price
2.10EUR
1D
1.94%
1Q
-20.45%
Jan 2017
32.41%
IPO
-14.46%
Name
Piaggio & C SpA
Chart & Performance
Profile
Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. The company provides two-wheelers, including scooters, motorcycles, and mopeds, as well as related spare parts and accessories under the Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi, and Scarabeo brands. It also offers three-and four-wheeler light commercial vehicles, as well as related spare parts and accessories for commercial and private use under the Ape and Porter brands; and smart robots for transportation. 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.
Valuation
Title EUR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 1,994,585 -4.45% | 2,087,443 25.09% | 1,668,689 27.02% | |||||||
Cost of revenue | 1,583,268 | 1,807,752 | 1,505,368 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 411,317 | 279,691 | 163,321 | |||||||
NOPBT Margin | 20.62% | 13.40% | 9.79% | |||||||
Operating Taxes | 44,279 | 42,330 | 33,624 | |||||||
Tax Rate | 10.77% | 15.13% | 20.59% | |||||||
NOPAT | 367,038 | 237,361 | 129,697 | |||||||
Net income | 91,052 7.26% | 84,889 41.35% | 60,054 91.73% | |||||||
Dividends | (79,756) | (53,403) | (39,639) | |||||||
Dividend yield | 7.55% | 5.36% | 3.87% | |||||||
Proceeds from repurchase of equity | (1,411) | (5,669) | (53) | |||||||
BB yield | 0.13% | 0.57% | 0.01% | |||||||
Debt | ||||||||||
Debt current | 135,238 | 82,341 | 94,441 | |||||||
Long-term debt | 516,719 | 557,408 | 568,886 | |||||||
Deferred revenue | 7,377 | 11,318 | 8,065 | |||||||
Other long-term liabilities | 47,928 | 46,080 | 56,516 | |||||||
Net debt | 437,301 | 387,263 | 382,717 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 185,218 | 239,495 | 226,502 | |||||||
CAPEX | (54,644) | (151,675) | (154,148) | |||||||
Cash from investing activities | (155,488) | (148,525) | (146,773) | |||||||
Cash from financing activities | (87,584) | (107,678) | (58,374) | |||||||
FCF | 366,327 | 266,161 | 124,883 | |||||||
Balance | ||||||||||
Cash | 187,897 | 242,616 | 260,868 | |||||||
Long term investments | 26,759 | 9,870 | 19,742 | |||||||
Excess cash | 114,927 | 148,114 | 197,176 | |||||||
Stockholders' equity | 410,211 | 473,017 | 428,634 | |||||||
Invested Capital | 978,305 | 918,917 | 895,705 | |||||||
ROIC | 38.69% | 26.16% | 14.54% | |||||||
ROCE | 37.38% | 26.09% | 14.84% | |||||||
EV | ||||||||||
Common stock shares outstanding | 354,470 | 355,912 | 357,114 | |||||||
Price | 2.98 6.43% | 2.80 -2.44% | 2.87 6.45% | |||||||
Market cap | 1,056,322 6.00% | 996,552 -2.77% | 1,024,918 6.44% | |||||||
EV | 1,493,448 | 1,383,649 | 1,407,486 | |||||||
EBITDA | 554,797 | 417,103 | 289,906 | |||||||
EV/EBITDA | 2.69 | 3.32 | 4.85 | |||||||
Interest | 42,859 | 25,162 | 22,647 | |||||||
Interest/NOPBT | 10.42% | 9.00% | 13.87% |