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Pirelli & C. SpA (DE:2PI)
FRANKFURT:2PI

Pirelli & C. SpA (2PI) AI Stock Analysis

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Pirelli & C. SpA (2PI) vs. iShares MSCI Germany ETF (EWG)

Pirelli & C. SpA Business Overview & Revenue Model

Company DescriptionPirelli & C. S.p.A. manufactures and supplies tires for cars, motorcycles, and bicycles worldwide. It offers car tires under the P ZERO, Cinturato, Scorpion, Sottozero, Ice Zero, and Carrier brand names; motorcycle tires under the DIABLO Superbike, DIABLO Supercorsa, DIABLO Rain, DIABLO Wet, SCORPION MX, SCORPION Pro F.I.M., SCORPION XC, DIABLO Supercorsa SP, DIABLO Rosso Corsa, DIABLO Rosso III, ANGEL GT II, NIGHT DRAGON, MT 66 ROUTE, SCORPION Trail II, MT 60 RS, SCORPION Rally STR, DIABLO ROSSO Scooter, and ANGEL Scooter brands; motorsport tires under the P ZERO TROFEO R, SOTTOZERO, P7 Corsa, K, KM, RK, rain, and Slick brands; bike tires under the P Zero, Cinturato, and Scorpion brand names; and truck and bus tires. The company also provides Run Flat and Seal Inside specialties that enable cars to continue driving after a puncture; Pirelli Noise Cancelling System for reducing noise by rolling; and Elect, a line of tires for electric vehicles. It operates approximately 17,000 points of sale. Pirelli & C. S.p.A. was founded in 1872 and is headquartered in Milan, Italy.
How the Company Makes Money

Pirelli & C. SpA Financial Statement Overview

Summary
Pirelli & C. SpA demonstrates strong revenue growth and operational efficiency, as reflected in its income statement. The balance sheet shows moderate leverage and improved return on equity, though significant debt levels are a concern. The cash flow performance is robust, but recent inconsistencies in free cash flow growth highlight potential challenges.
Income Statement
78
Positive
Pirelli & C. SpA has demonstrated consistent revenue growth over the years, with a noticeable increase from 2020 to 2024. The gross profit margin remains strong, indicating effective cost management. However, the net profit margin has slightly decreased from 2023 to 2024, reflecting some pressure on profitability. EBIT and EBITDA margins are stable, highlighting operational efficiency.
Balance Sheet
72
Positive
The company's debt-to-equity ratio is moderate, suggesting a balanced approach to leverage. The return on equity has shown improvement, indicating enhanced profitability for shareholders. The equity ratio is stable, reflecting a solid asset base relative to liabilities. However, the total debt remains significant, which could pose risks if earnings fluctuate.
Cash Flow
75
Positive
Pirelli's operating cash flow has been consistently strong, supporting its ability to generate cash from operations. The free cash flow to net income ratio is favorable, indicating effective cash conversion. However, free cash flow growth has been inconsistent, with a decline from 2023 to 2024, suggesting potential challenges in capital expenditure management.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
6.77B6.65B6.62B5.33B4.30B
Gross Profit
4.22B4.40B4.41B3.67B2.86B
EBIT
902.99M808.33M791.48M577.05M79.86M
EBITDA
1.41B1.41B1.29B1.08B714.80M
Net Income Common Stockholders
467.98M479.08M417.76M302.80M42.67M
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.67B1.48B1.54B2.00B2.33B
Total Assets
13.68B13.53B13.90B13.88B13.76B
Total Debt
3.83B3.96B4.49B5.28B5.85B
Net Debt
2.33B2.71B3.20B3.39B3.58B
Total Liabilities
7.77B7.91B8.44B8.84B9.21B
Stockholders Equity
5.76B5.49B5.32B4.91B4.45B
Cash FlowFree Cash Flow
888.89M960.83M796.24M632.40M424.95M
Operating Cash Flow
1.29B1.36B1.13B919.07M618.35M
Investing Cash Flow
-421.26M-392.86M-326.62M-256.39M-251.68M
Financing Cash Flow
-610.70M-979.58M-1.40B-1.08B439.40M

Pirelli & C. SpA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
DE2PI
€6.18B12.398.52%3.24%
62
Neutral
$6.88B11.322.95%3.87%2.70%-24.57%
$114.51B50.9845.95%0.66%
€8.41B1.06%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:2PI
Pirelli & C. SpA
6.11
0.28
4.80%
RACE
Ferrari
482.61
72.26
17.61%
GB:0H6I
Telecom Italia SPA
0.39
0.16
69.57%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.