Piaggio & C. SPA (IT:PIA)
:PIA
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Piaggio & C. SPA
(PIA)
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Rating:42Neutral
Price Target:
€1.50
▲(0.67% Upside)
Action:ReiteratedDate:03/07/26
The score is weighed down primarily by weakened financial performance (margin compression, high leverage, and inconsistent free cash flow) and a technically bearish setup (below major moving averages with negative MACD). Valuation is also a headwind due to the very high P/E, with the dividend yield offering only partial support.
Positive Factors
Strong brand portfolio & global dealer network
Piaggio's portfolio (Piaggio, Vespa, Aprilia, Moto Guzzi) plus an established global dealer and after-sales network gives durable competitive advantage in customer reach, brand loyalty, and recurring service revenues, supporting steady unit sales and aftermarket margins over time.
Negative Factors
Revenue decline and margin compression
Recent top-line decline and sharp gross/net margin compression indicate structural price-cost or demand pressures. If sustained, reduced margins will limit reinvestment capacity, strain returns and weaken the firm's ability to rebuild profitability without structural cost or price improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong brand portfolio & global dealer network
Piaggio's portfolio (Piaggio, Vespa, Aprilia, Moto Guzzi) plus an established global dealer and after-sales network gives durable competitive advantage in customer reach, brand loyalty, and recurring service revenues, supporting steady unit sales and aftermarket margins over time.
Read all positive factors
Piaggio & C. SPA (PIA) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€532.09M
Dividend Yield4.42%
Average Volume (3M)1.13M
Price to Earnings (P/E)19.0
Beta (1Y)0.71
Revenue Growth-10.26%
EPS Growth-45.52%
CountryIT
Employees5,542
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)0.01
Shares Outstanding358,153,630
10 Day Avg. Volume822,297
30 Day Avg. Volume1,125,959
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)1.63
Price to Sales (P/S)0.43
P/FCF Ratio8.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€2.14Price Target Upside43.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.14
Revenue Forecast (FY)€1.60B
Piaggio & C. SPA Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
Piaggio & C. S.p.A. primarily makes money by selling vehicles and related parts and services. The largest revenue stream is the sale of two-wheelers (scooters and motorcycles) under brands such as Piaggio and Vespa (scooters) and Aprilia and Moto ...
Piaggio & C. SPA Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
45
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.50B | 1.70B | 1.99B | 2.09B | 1.67B |
| Gross Profit | -38.52M | 384.60M | 519.17M | 499.23M | 352.93M |
| EBITDA | 250.77M | 285.12M | 321.67M | 289.79M | 242.91M |
| Net Income | 34.01M | 67.22M | 91.05M | 84.89M | 60.05M |
Balance Sheet | |||||
| Total Assets | 1.73B | 1.89B | 1.87B | 1.96B | 1.84B |
| Cash, Cash Equivalents and Short-Term Investments | 121.13M | 149.69M | 187.90M | 242.62M | 260.87M |
| Total Debt | 698.78M | 683.67M | 621.93M | 610.84M | 641.19M |
| Total Liabilities | 1.34B | 1.47B | 1.45B | 1.54B | 1.43B |
| Stockholders Equity | 396.47M | 418.31M | 416.15M | 417.98M | 404.24M |
Cash Flow | |||||
| Free Cash Flow | 73.61M | -38.64M | 23.92M | 87.82M | 72.35M |
| Operating Cash Flow | 133.73M | 144.06M | 185.22M | 239.50M | 226.50M |
| Investing Cash Flow | -129.07M | -165.99M | -155.49M | -148.53M | -146.77M |
| Financing Cash Flow | -17.51M | -11.75M | -87.58M | -107.68M | -58.37M |
Piaggio & C. SPA Technical Analysis
Negative
1.49
Price Trends
1.70
Negative
1.77
Negative
1.85
Negative
Market Momentum
-0.07
Positive
32.27
Neutral
34.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:PIA, the sentiment is Negative. The current price of 1.49 is below the 20-day moving average (MA) of 1.59, below the 50-day MA of 1.70, and below the 200-day MA of 1.85, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 32.27 is Neutral, neither overbought nor oversold. The STOCH value of 34.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:PIA.
Piaggio & C. SPA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €4.03B | 14.26 | ― | 3.23% | -0.22% | -12.64% | |
69 Neutral | €3.48B | 23.93 | 10.16% | 0.72% | -2.00% | 2.11% | |
66 Neutral | €4.55B | 46.08 | 14.30% | ― | 18.44% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | €6.59B | 17.54 | ― | 1.76% | -7.26% | 14.20% | |
48 Neutral | €22.14B | -1.22 | 26.27% | 7.23% | -17.07% | -118.99% | |
42 Neutral | €532.09M | 18.96 | 8.39% | 4.42% | -10.26% | -45.52% |
* Consumer Cyclical Sector Average
IT:PIA
Piaggio & C. SPA
1.49
-0.34
-18.58%
IT:STLAM
Stellantis
5.88
-3.54
-37.56%
IT:FCT
Fincantieri S.p.A.
12.71
2.44
23.70%
IT:BRE
Brembo SPA
8.07
0.46
6.01%
IT:IP
Interpump Group SPA
32.62
0.11
0.34%
IT:IVG
Iveco Group NV
19.10
4.40
29.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.