Piaggio & C. SPA (PIA) AI Stock Analysis

• Market Cap: €628.51M
• Dividend Yield: 8.84%
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): 10.9
• Beta (1Y): 0.65
• Revenue Growth: -12.36%
• EPS Growth: -33.03%
• Country: IT
• Employees: 5,542
• Sector: Industrials
• Sector Strength: 85
• Industry: Auto - Manufacturers
• EPS (TTM): 0.02
• Shares Outstanding: 358,153,630
• 10 Day Avg. Volume: 1,004,677
• 30 Day Avg. Volume: 1,460,075
• PEG Ratio: 0.29
• Price to Book (P/B): 2.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €3.00
• Price Target Upside: 70.45% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 64 Neutral
• Price Target: €2.00 ▲(13.64%Upside)

Piaggio & C. SPA's stock score is driven primarily by its stable financial management and attractive valuation. However, the technical analysis indicates potential volatility, and challenges related to declining revenue and negative cash flow must be addressed for improved performance.

Piaggio & C. SPA Business Overview & Revenue Model

Company Description

Piaggio & C. SPA (PIA) is an Italian multinational corporation that specializes in the manufacture of motorcycles and scooters. It is well-known for iconic brands such as Vespa, Aprilia, Moto Guzzi, Gilera, Derbi, and Piaggio. The company operates globally, offering a range of two-wheeled motor vehicles, light commercial vehicles, and providing related after-sales services. Piaggio is committed to innovation and sustainability, dedicating resources to develop advanced mobility solutions that cater to diverse consumer needs.

How the Company Makes Money

Piaggio & C. SPA generates revenue primarily through the sale of its two-wheeled motor vehicles, which include scooters, motorcycles, and mopeds under various brand names. The company also earns from the sale of light commercial vehicles. Another significant revenue stream comes from after-sales services, spare parts, and accessories, which cater to the maintenance and customization needs of its products. Piaggio benefits from a global distribution network and strategic partnerships that enhance market penetration and brand visibility. Additionally, the company invests in research and development to innovate and introduce new models, which helps maintain a competitive edge in the evolving automotive industry.

Piaggio & C. SPA Financial Statement Overview

Summary

Piaggio & C. SPA shows a stable financial position with effective cost management and operational efficiency. However, declining revenues and profits, coupled with increasing leverage and negative free cash flow, could pose challenges if not addressed. Continued focus on revenue growth and cash flow management is crucial.

Income Statement

The company's revenue has shown fluctuations over the years, peaking in 2022 and decreasing in 2023 and 2024. The gross profit margin has remained fairly stable, indicating consistent cost management. However, net profit margin has been impacted by the declining revenue and net income in the latest year. EBIT and EBITDA margins are strong, reflecting operational efficiency.

Balance Sheet

The balance sheet demonstrates moderate leverage with a debt-to-equity ratio that has slightly increased. The equity ratio is relatively stable, indicating a fair proportion of assets financed by equity. The return on equity shows satisfactory profitability, though it has decreased due to declining net income.

Cash Flow

The operating cash flow remains strong but has decreased over time. Free cash flow has turned negative in the most recent year due to higher capital expenditures. The cash flow to net income ratios indicate moderate cash generation relative to earnings, though they have weakened recently.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.70B	1.99B	2.09B	1.67B	1.31B
	Gross Profit
384.60M	519.17M	499.23M	352.93M	298.87M
	EBIT
147.74M	180.67M	158.74M	112.57M	70.86M
	EBITDA
285.12M	326.23M	296.50M	248.76M	193.92M
	Net Income Common Stockholders
67.22M	91.05M	84.89M	60.05M	31.32M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
149.69M	187.90M	242.62M	260.87M	230.09M
	Total Assets
1.89B	1.87B	1.96B	1.84B	1.66B
	Total Debt
683.67M	621.93M	610.84M	641.19M	655.86M
	Net Debt
533.97M	440.24M	368.23M	380.32M	425.77M
	Total Liabilities
1.47B	1.45B	1.54B	1.43B	1.29B
	Stockholders Equity
418.31M	416.15M	417.98M	404.24M	372.16M
Cash Flow		Free Cash Flow
-38.64M	23.92M	87.82M	72.35M	52.86M
	Operating Cash Flow
144.06M	185.22M	239.50M	226.50M	193.21M
	Investing Cash Flow
-165.99M	-155.49M	-148.53M	-146.77M	-135.33M
	Financing Cash Flow
-11.75M	-87.58M	-107.68M	-58.37M	-7.38M

Piaggio & C. SPA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.76 is below the 20-day moving average (MA) of 1.80, below the 50-day MA of 1.78, and below the 200-day MA of 2.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.29 is Neutral, neither overbought nor oversold. The STOCH value of 63.07 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IP	74 Outperform	€3.65B	16.91	11.06%	0.96%	-6.36%	-15.46%
IVG	68 Neutral	€5.51B	11.56		2.07%	-7.61%	62.12%
BRE	68 Neutral	€3.92B	9.32	12.04%	3.88%	-0.22%	-12.64%
STLAM	67 Neutral	€31.78B	4.57	6.77%	7.95%	-17.23%	-69.52%
Sector *	66 Neutral	$4.47B	12.21	5.40%	3.65%	4.14%	-12.00%
PIA	64 Neutral	€628.51M	10.88	13.38%	8.84%	-12.36%	-33.03%
FCT	63 Neutral	€4.68B	―		―	―	―