Piovan SpA

Chart & Performance

D1W1MN

P/E

14.31

P/S

1.25

EPS

0.97

Div Yield, %

1.44%

Shrs. gr., 5y

0.17%

Rev. gr., 5y

18.22%

Revenues

568m

+7.19%

Net income

49m

+42.82%

CFO

55m

+70.08%

Dividend

May 27, 20240.27 EUR/sh

Earnings

Mar 17, 2025

Profile

Piovan S.p.A., through its subsidiaries, develops, produces, ad sells automation systems for storage, transport, and processing of plastics, food powders, and non-plastics in Europe, the Middle East, Africa, Asia, North America, and South America. The company offers feeding and conveying products, including automatic and manual coupling stations, feeding and pneumatic material systems, vacuum chambers and receivers, loaders, filters, hoppers, conveying systems, vacuum units, pumps, valves, unloading systems, customized solutions, and production monitoring products; and drying and dehumidifying products, such as dryers and drying systems, automatic injection pressure control and condensing systems, desiccant towers, crystallizers, condensing units, gas heaters, dehumidifiers, retro-fit-conversions, and controllers. It also provides dosing and blending systems comprising blenders, dosing units, and microdosing units; temperature control units; analyzers, moisture and odor minders, and point meters; and granulators, film and edge trimmers, shredders, and de-dusting systems. In addition, the company offers Winfactory 4.0, a production process control and management software; Winenergy, a software for monitoring and analyzing energy consumption; automation and control systems; control and monitoring systems; spare parts; and help desk, maintenance contracts, training, equipment overhauling, engineering, installation, and energy audit services. Its products have applications in PET preforms and bottles, rigid packaging, automotive components, technical parts, medical solutions, thermoforming and technical sheets, flexible films, fibers and strapping, and recycling and compounds, as well as pipes, profiles, and cables. The company was founded in 1934 and is headquartered in Santa Maria di Sala, Italy. Piovan S.p.A. is a subsidiary of Pentafin S.p.A.

URL

https://www.piovan.com/

IPO date

Oct 19, 2018

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title EUR in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title EUR in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	567,675 7.19%	529,575 85.25%	285,873 27.60%
Cost of revenue	507,510	421,165	215,121
Unusual Expense (Income)
NOPBT	60,165	108,410	70,752
NOPBT Margin	10.60%	20.47%	24.75%
Operating Taxes	15,989	11,509	7,074
Tax Rate	26.58%	10.62%	10.00%
NOPAT	44,176	96,901	63,678
Net income	49,400 42.82%	34,588 22.02%	28,347 60.67%
Dividends	(10,206)	(5,093)	(6,621)
Dividend yield	1.86%	1.23%	1.23%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	60,473	43,196	52,031
Long-term debt	94,121	142,770	42,122
Deferred revenue			11,609
Other long-term liabilities	13,621	13,694	(1,000)
Net debt	43,827	80,769	(24,589)
Cash flow
Cash from operating activities	55,480	32,620	39,455
CAPEX	(8,414)	(5,840)	(3,182)
Cash from investing activities	(9,272)	(112,359)	(6,253)
Cash from financing activities	(47,567)	55,806	(2,207)
FCF	23,942	51,202	63,199
Balance
Cash	99,341	101,180	120,094
Long term investments	11,426	4,017	(1,352)
Excess cash	82,383	78,718	104,448
Stockholders' equity	60,414	47,559	35,890
Invested Capital	279,138	279,680	163,297
ROIC	15.81%	43.75%	41.51%
ROCE	17.07%	31.62%	35.43%
EV
Common stock shares outstanding	51,356	51,330	51,533
Price	10.70 32.43%	8.08 -22.68%	10.45 114.14%
Market cap	549,509 32.49%	414,746 -22.98%	538,520 116.68%
EV	595,936	497,334	515,378
EBITDA	73,649	125,340	78,278
EV/EBITDA	8.09	3.97	6.58
Interest	2,704	2,246	450
Interest/NOPBT	4.49%	2.07%	0.64%