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Iveco Group NV (IT:IVG)
:IVG
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Iveco Group NV
(IVG)
64Neutral
Iveco Group NV (IVG) vs. S&P 500 (SPY)
Market Cap
€4.87B
Dividend Yield2.36%
Average Volume (3M)1.88M
Price to Earnings (P/E)11.0
Beta (1Y)1.18
Revenue Growth-5.69%
EPS Growth60.57%
CountryIT
Employees36,046
SectorIndustrials
Sector Strength80
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.38
Shares Outstanding271,215,400
10 Day Avg. Volume1,493,734
30 Day Avg. Volume1,883,487
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€15.58Price Target Upside11.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Iveco Group NV Business Overview & Revenue Model
Company DescriptionIveco Group NV (IVG) is a leading global company in the commercial vehicle and industrial sector, specializing in designing, manufacturing, and selling a wide range of vehicles. The company operates through various segments, including trucks, buses, specialty vehicles, and powertrain services. Iveco Group is dedicated to providing innovative, sustainable solutions for transportation and logistics challenges worldwide, catering to both the public and private sectors.
How the Company Makes MoneyIveco Group NV generates revenue through the sale of its diverse portfolio of commercial vehicles such as trucks, buses, and specialty vehicles tailored for different industries. The company also earns from its powertrain segment by providing cutting-edge engine and transmission systems to other vehicle manufacturers. Additionally, Iveco Group benefits from its aftermarket services, offering maintenance, spare parts, and support to ensure long-term customer satisfaction. Strategic partnerships and collaborations with other industry leaders also play a vital role in expanding its market reach and enhancing its revenue streams.
Iveco Group NV Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 15.29B | 16.21B | 14.16B | 12.52B | 10.41B | Gross Profit |
| 2.65B | 2.70B | 1.78B | 1.64B | 949.00M | EBIT |
| 0.00 | 1.08B | 401.00M | 340.00M | -374.00M | EBITDA |
| 1.52B | 1.26B | 1.00B | 815.00M | 173.00M | Net Income Common Stockholders |
| 349.00M | 218.00M | 147.00M | 76.00M | -372.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.48B | 2.64B | 2.23B | 903.00M | 418.00M | Total Assets |
| 19.44B | 18.39B | 16.01B | 16.56B | 15.63B | Total Debt |
| 6.31B | 6.10B | 4.43B | 5.79B | 5.31B | Net Debt |
| 2.89B | 3.51B | 2.23B | 4.94B | 4.89B | Total Liabilities |
| 16.67B | 15.99B | 13.62B | 14.25B | 13.29B | Stockholders Equity |
| 2.70B | 2.35B | 2.35B | 2.29B | 2.27B |
| Cash Flow | Free Cash Flow | |||
| 248.00M | 366.00M | 630.00M | -25.00M | 158.00M | Operating Cash Flow |
| 1.20B | 1.34B | 1.41B | 539.00M | 559.00M | Investing Cash Flow |
| -284.00M | -2.22B | -1.34B | -45.00M | -90.00M | Financing Cash Flow |
| 68.00M | 1.49B | 1.34B | -88.00M | -407.00M |
Iveco Group NV Technical Analysis
Positive
13.98
Price Trends
14.54
Negative
12.82
Positive
10.94
Positive
Market Momentum
0.01
Negative
56.02
Neutral
76.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:IVG, the sentiment is Positive. The current price of 13.98 is above the 20-day moving average (MA) of 13.63, below the 50-day MA of 14.54, and above the 200-day MA of 10.94, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.02 is Neutral, neither overbought nor oversold. The STOCH value of 76.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:IVG.
Iveco Group NV Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Performance Comparison
IT:IVG
Iveco Group NV
14.48
3.02
26.35%
IT:FNM
FNM S.p.A.
0.39
-0.09
-18.11%
Iveco Group NV Earnings Call Summary
Earnings Call Date:Feb 07, 2025
(Q3-2024)
| % Change Since: 23.50%|
Next Earnings Date:May 15, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with strong performance in Bus and Defense segments, supported by robust pricing strategies and cost management. However, challenges in Truck volumes, Powertrain revenue declines, and regional market share pressures indicate underlying challenges. Despite these issues, the company remains on track to meet its financial targets.Q3-2024 Updates
Positive Updates
Solid Free Cash Flow Improvement
Free cash flow performance improved by €56 million versus the same period last year, attributed to lower working capital absorption and recovery from the Q2 one-off impact.
Positive Pricing and Cost Management
The company maintained a strong pricing strategy and managed costs effectively, leading to a solid adjusted EBIT margin of 5% for Industrial Activities.
Bus Segment Growth and Backlog
Bus net revenues increased by 17.4% year-over-year, driven by higher volumes and a positive mix. The order book now covers production into 2026, with a 66% increase in order intake.
Defense Business Expansion
Defense net revenues grew by 32.7% year-over-year, supported by higher volumes and positive mix effects. Significant contracts with the Brazilian Army and RENK Group highlight strategic growth.
Financial Services Stability
Financial Services adjusted EBIT increased by €6 million year-over-year due to a higher receivables portfolio and improved collection performance.
Negative Updates
Decline in Truck Volumes
Truck net revenues were down due to lower volumes and adverse foreign exchange rates, particularly in Argentina, affecting overall performance.
Powertrain Revenue Decline
Powertrain net revenues decreased by 22.1% year-over-year, primarily driven by a significant drop in volumes.
Regional Market Share Challenges
Light commercial vehicle segment experienced a sequential decline in market share, attributed to the prebuy effect of the Model Year 2022 preceding the launch of the Model Year 2024 range.
Company Guidance
During the Iveco Group's 2024 Third Quarter Results Conference Call, several key financial metrics and guidance details were discussed. The adjusted EBIT margin for Industrial Activities was reported at 5%, slightly down by 30 basis points from the previous year's all-time high. Free cash flow improved by €56 million compared to the same period last year. The company's consolidated net revenues stood at €3.4 billion, with Industrial Activities contributing €3.35 billion, marking a year-over-year contraction of 7.4%. Financial Services net revenues increased by 3.9% to €132 million. The adjusted EBIT of Industrial Activities reached €167 million, maintaining a 5% margin, while the group adjusted EBITDA was projected to be between €920 million and €970 million for the full year. The company expects to generate industrial free cash flow of €350 million to €400 million by year-end, with investments in property, plant, and equipment projected to be around €1 billion. Despite macroeconomic uncertainties, Iveco Group confirmed its financial guidance, highlighting continuous pricing discipline and efficiency program acceleration as significant factors in offsetting volume declines.Iveco Group NV Corporate Events
Iveco Group to Announce Q1 2025 Financial Results
Apr 28, 2025
Iveco Group N.V. announced that it will present its financial results for the first quarter of 2025 on May 15, 2025. The announcement will be accompanied by a live audio webcast, with materials and a recording available on the company’s website. This presentation is significant as it provides stakeholders with insights into the company’s financial health and strategic direction, potentially impacting its market position and investor confidence.
Iveco Group Shareholders Approve Key Resolutions at Annual Meeting
Apr 16, 2025
Iveco Group N.V. held a shareholders’ meeting where all proposed resolutions were approved, including financial statements, dividend distribution, and executive appointments. The meeting also authorized share repurchase and amendments to the remuneration policy, reflecting strategic moves to strengthen governance and shareholder value.
Iveco Group Launches Euro Medium Term Note Programme
Apr 3, 2025
Iveco Group N.V. has launched its Euro Medium Term Note Programme, allowing for the issuance of up to 2 billion euros in notes, which will be listed on Euronext Dublin. This strategic move is expected to enhance the company’s financial flexibility and market presence, potentially impacting its operations and stakeholders positively by providing additional capital for growth and development.
Ford Trucks and IVECO Collaborate on New Heavy Truck Cab Development
Mar 11, 2025
Ford Trucks and IVECO have signed a joint development agreement to design a new cab for heavy trucks, enhancing competitiveness by complying with the EU Direct Vision Standard and improving aerodynamics for CO2 reduction. This collaboration will result in a high-end modular cab with cutting-edge technology, setting new benchmarks in safety, efficiency, and driver comfort, while achieving significant investment savings.
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.