Zignago Vetro SpA (ZV) AI Stock Analysis

• Market Cap: €768.17M
• Dividend Yield: 5.21%
• Average Volume (3M): 73.39K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.54
• Revenue Growth: -9.11%
• EPS Growth: -60.44%
• Country: IT
• Employees: 2,807
• Sector: Industrials
• Sector Strength: 91
• Industry: Packaging & Containers
• EPS (TTM): 0.01
• Shares Outstanding: 89,320,000
• 10 Day Avg. Volume: 69,161
• 30 Day Avg. Volume: 73,393
• PEG Ratio: -0.90
• Price to Book (P/B): 2.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.86
• 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: €10.00
• Price Target Upside: 15.87% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: €9.50 ▲(10.08%Upside)

Zignago Vetro SpA's overall stock score is primarily driven by its solid financial health and attractive valuation. The technical indicators show positive trends but suggest caution as they approach overbought levels. The absence of recent earnings call data limits insights into management's future guidance and sentiment.

Positive Factors

Cost Efficiency

The second part of the year should benefit from the lower cost of glass cutlets, enhancing profitability.

Demand Recovery

Demand and profitability should improve, allowing the company more flexibility to balance selling prices with production costs.

Volume Growth

F&B volumes should continue the positive trend, while cosmetics and perfumery are expected to recover, supporting profitability.

Negative Factors

Earnings Forecast

An average cut of FY25-26E EPS by around 29% vs. previous estimates led to a lowered target price of EUR 10.

Uncertain Market Conditions

Considering a still mixed scenario and possible weakening of consumer confidence, a HOLD rating is confirmed.

Volume and Price Weakness

A weak scenario for volumes and prices affected EBITDA.

Zignago Vetro SpA Business Overview & Revenue Model

Company Description

Zignago Vetro SpA (ZV) is a leading Italian manufacturer and supplier of high-quality glass containers. The company operates primarily in the packaging industry, providing glass solutions for a variety of sectors including food and beverage, cosmetics, and perfumery. With a strong emphasis on sustainability and innovation, Zignago Vetro SpA specializes in producing eco-friendly glass products that meet the diverse needs of its global clientele.

How the Company Makes Money

Zignago Vetro SpA generates revenue through the production and sale of glass containers for various industries. The company's primary revenue streams include the sale of bottles and jars to the food and beverage sector, which demands high volumes for packaging products such as wines, spirits, and soft drinks. Additionally, Zignago Vetro serves the cosmetics and perfumery industries, offering specialized glass packaging that enhances the aesthetic appeal of high-end products. The company benefits from long-term partnerships with major brands in these sectors, ensuring stable demand for its products. Furthermore, Zignago Vetro's commitment to sustainability and technological advancement allows it to attract environmentally conscious clients, thereby expanding its market share and enhancing its profitability.

Zignago Vetro SpA Financial Statement Overview

Summary

Zignago Vetro SpA demonstrates a robust financial standing with consistent revenue growth and efficient cash flow management. Strong gross profit and EBITDA margins indicate effective cost management, although there is room for improvement in profit margin stability and return on equity.

Income Statement

Zignago Vetro SpA shows a robust financial performance with a consistent revenue growth trajectory over the years, although the last recorded year saw a decline. The gross profit and EBITDA margins have been strong, indicating efficient cost management. However, net profit margin has experienced some volatility, suggesting potential challenges in managing non-operating expenses.

Balance Sheet

The company's balance sheet reflects a stable financial structure with a reasonable debt-to-equity ratio, which has improved over time, suggesting effective leverage management. The equity ratio is healthy, reinforcing the company's financial stability. However, the return on equity has shown fluctuations, indicating inconsistencies in generating returns on shareholders' investments.

Cash Flow

Cash flow analysis reveals a strong and improving free cash flow position, showcasing efficient cash management. The operating cash flow to net income ratio underscores robust cash generation relative to accounting profits, suggesting high earnings quality. Despite fluctuations in investing and financing activities, the overall cash flow position is solid.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	449.20M	454.52M	519.97M	468.85M	362.44M	306.71M
Gross Profit	43.21M	176.62M	242.09M	176.43M	165.90M	139.70M
EBITDA	96.11M	116.61M	205.56M	107.81M	94.95M	67.70M
Net Income	41.23M	51.87M	122.39M	86.60M	60.02M	45.63M
Balance Sheet
Total Assets	735.23M	755.49M	809.20M	801.48M	689.45M	572.14M
Cash, Cash Equivalents and Short-Term Investments	42.01M	48.61M	74.78M	102.83M	117.54M	50.15M
Total Debt	85.52M	254.41M	268.81M	336.79M	310.46M	250.06M
Total Liabilities	361.94M	384.81M	419.78M	483.00M	427.93M	342.13M
Stockholders Equity	373.15M	370.29M	388.71M	317.95M	261.30M	229.98M
Cash Flow
Free Cash Flow	55.46M	64.90M	112.50M	-3.70M	28.78M	43.48M
Operating Cash Flow	94.31M	109.28M	150.15M	64.09M	103.23M	79.56M
Investing Cash Flow	-38.28M	-47.42M	-46.02M	-70.67M	-64.11M	-34.14M
Financing Cash Flow	-91.45M	-83.44M	-130.06M	-19.07M	28.19M	-38.80M

Zignago Vetro SpA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ZV, the sentiment is Positive. The current price of 8.63 is above the 20-day moving average (MA) of 8.42, above the 50-day MA of 8.41, and below the 200-day MA of 9.01, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 55.31 is Neutral, neither overbought nor oversold. The STOCH value of 81.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ZV.

Zignago Vetro SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMB	75 Outperform	€954.29M	21.40	20.04%	3.30%	3.42%	12.72%
COM	72 Outperform	€920.57M	13.68		2.49%	-23.00%	-28.46%
LUVE	71 Outperform	€727.26M	23.26		1.28%	―	―
ZV	71 Outperform	€768.17M	18.50	10.65%	5.21%	-9.11%	-60.44%
FILA	70 Outperform	€505.99M	6.70	12.77%	8.06%	-15.75%	-57.23%
Sector *	68 Neutral	€2.71B	19.06	7.73%	3.01%	-1.49%	-31.61%
GVS	67 Neutral	€1.01B	36.67	6.52%	―	1.69%	24.17%

Zignago Vetro SpA Corporate Events

Zignago Vetro SpA to Engage Investors at Vienna Event

Zignago Vetro SpA announced its participation in the 6th Annual Polytems Hir Italian Day in Vienna on June 11, 2025, where its Investor Relations and CFO will meet with investors to discuss the company’s first-quarter results, recent corporate developments, and future prospects. This engagement is part of the company’s efforts to strengthen investor relations and provide transparency about its operations and strategic direction, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (IT:ZV) stock is a Hold with a EUR12.50 price target. To see the full list of analyst forecasts on Zignago Vetro SpA stock, see the IT:ZV Stock Forecast page.

Zignago Vetro Manager Purchases Shares, Signaling Confidence

Zignago Vetro SpA has announced a managerial transaction involving the purchase of ordinary shares by Stefano Bortoli, a manager at the company. This transaction, conducted on the Borsa Italiana, may reflect confidence in the company’s future performance and could influence stakeholder perceptions positively.

The most recent analyst rating on (IT:ZV) stock is a Hold with a EUR12.50 price target. To see the full list of analyst forecasts on Zignago Vetro SpA stock, see the IT:ZV Stock Forecast page.

Zignago Vetro SpA Announces Managerial Share Purchase

Zignago Vetro SpA has disclosed a transaction involving the purchase of ordinary shares by Lumar SRL, a legal entity closely associated with a person discharging managerial responsibilities within the company. This transaction, conducted on the Italian stock exchange, reflects internal confidence in the company’s market position and potential growth, potentially impacting shareholder perceptions and market dynamics.

The most recent analyst rating on (IT:ZV) stock is a Hold with a EUR12.50 price target. To see the full list of analyst forecasts on Zignago Vetro SpA stock, see the IT:ZV Stock Forecast page.

Zignago Vetro S.p.A. Shareholders’ Meeting Approves Key Financial Plans

Zignago Vetro S.p.A. held a shareholders’ meeting to discuss and approve several key financial and strategic initiatives. The agenda included the examination and approval of the financial statements for the year ending December 31, 2024, the allocation of profits, and the approval of a new performance shares plan for 2025-2027. These decisions are expected to impact the company’s financial management and strategic direction, reinforcing its market position and commitment to sustainable growth.

The most recent analyst rating on (IT:ZV) stock is a Hold with a EUR12.50 price target. To see the full list of analyst forecasts on Zignago Vetro SpA stock, see the IT:ZV Stock Forecast page.

Zignago Vetro SpA Announces Managerial Share Purchase

Zignago Vetro SpA has announced a transaction involving the purchase of 595 ordinary shares at a price of €8.4286 each, conducted on the Borsa Italiana. This transaction, notified by a manager, indicates ongoing investment activities within the company, potentially impacting its market position and shareholder interests.

Zignago Vetro Approves 2024 Accounts and Strategic Plans for 2025-2027

Zignago Vetro S.p.A. held its Shareholders’ Meeting where it approved the 2024 annual accounts and announced a dividend distribution of Euro 0.45 per share. The meeting also saw the appointment of a new Board of Directors and Statutory Auditors for the 2025-2027 period, along with the approval of a share buy-back plan and a 2025-2027 Performance Shares Plan aimed at incentivizing senior executives. These developments reflect the company’s strategic focus on governance and shareholder value, potentially strengthening its market position and operational efficiency.

Zignago Vetro Faces Challenges Amid Market Recovery and Rising Costs

Zignago Vetro S.p.A. reported a challenging first quarter of 2025, with revenues slightly declining by 1.8% compared to the previous year, primarily due to increased energy costs impacting margins. Despite a recovery in demand for food and beverage containers, the company faced ongoing challenges in the cosmetics and perfumery sectors due to global market turbulence and destocking phenomena. The company’s financial performance showed a decrease in EBITDA and net profit, but there was a positive cash generation before investments and a reduction in net financial debt. The company continues to focus on sustainability, aligning its KPIs with medium to long-term objectives.

Zignago Vetro S.p.A. Schedules Shareholders’ Meeting for Second Call

Zignago Vetro S.p.A. has announced that its Ordinary Shareholders’ Meeting is expected to be held on the second call on May 7, 2025, at the company’s registered office in Fossalta di Portogruaro, Italy. This scheduling update is important for stakeholders to note as it indicates the company’s adherence to procedural requirements for shareholder meetings.