Zignago Vetro SpA (IT:ZV)
:ZV
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Zignago Vetro SpA
(ZV)
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Rating:55Neutral
Price Target:
€7.00
▼(-10.94% Downside)
Action:ReiteratedDate:03/14/26
The score is primarily supported by improving leverage and solid free cash flow, but it is materially weighed down by sharp margin/ROE compression and weak technicals (below major moving averages with negative MACD). Valuation adds pressure due to a high P/E, partly balanced by a strong dividend yield.
Positive Factors
Leverage Reduction / Balance Sheet Strength
Material debt reduction meaningfully lowers financial risk and increases strategic optionality. With debt now moderate vs equity (0.75x TTM) and sizeable equity, the company has greater flexibility to fund capex, withstand cyclical demand, or prioritize shareholder returns without immediate refinancing pressure.
Negative Factors
Sharply Lower Margins
A steep, persistent margin decline signals structural cost, pricing, or mix deterioration that erodes earnings quality. If higher energy/input costs, unfavorable product mix, or pricing pressure persist, margins and future profitability could remain depressed, limiting reinvestment and ROE recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Leverage Reduction / Balance Sheet Strength
Material debt reduction meaningfully lowers financial risk and increases strategic optionality. With debt now moderate vs equity (0.75x TTM) and sizeable equity, the company has greater flexibility to fund capex, withstand cyclical demand, or prioritize shareholder returns without immediate refinancing pressure.
Read all positive factors
Zignago Vetro SpA (ZV) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€631.09M
Dividend Yield5.87%
Average Volume (3M)123.06K
Price to Earnings (P/E)25.1
Beta (1Y)0.60
Revenue Growth-5.62%
EPS Growth-44.29%
CountryIT
Employees2,807
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)0.16
Shares Outstanding89,320,000
10 Day Avg. Volume133,529
30 Day Avg. Volume123,055
Financial Highlights & Ratios
PEG Ratio-0.53
Price to Book (P/B)1.91
Price to Sales (P/S)1.54
P/FCF Ratio7.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€8.75Price Target Upside11.32% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.41
Revenue Forecast (FY)€612.34M
Zignago Vetro SpA Business Overview & Revenue Model
Company Description
Zignago Vetro S.p.A., together with its subsidiaries, engages in the production, marketing, and sale of hollow glass containers in Italy, rest of Europe, and internationally. The company offers glass containers for perfumes, food and beverage, and...
How the Company Makes Money
Zignago Vetro SpA generates revenue primarily through the sale of its glass products to various sectors, including food and beverage, pharmaceuticals, and cosmetics. The company capitalizes on its strong manufacturing capabilities and technologica...
Zignago Vetro SpA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
70
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 444.84M | 454.52M | 519.97M | 468.85M | 362.44M |
| Gross Profit | 26.50M | 176.62M | 242.09M | 176.43M | 165.90M |
| EBITDA | 78.71M | 116.61M | 205.56M | 107.81M | 94.95M |
| Net Income | 27.32M | 51.87M | 122.39M | 86.60M | 60.02M |
Balance Sheet | |||||
| Total Assets | 734.85M | 755.49M | 809.20M | 801.48M | 689.45M |
| Cash, Cash Equivalents and Short-Term Investments | 82.91M | 48.61M | 74.78M | 102.83M | 117.54M |
| Total Debt | 246.75M | 254.41M | 268.81M | 336.79M | 310.46M |
| Total Liabilities | 375.37M | 384.81M | 419.78M | 483.00M | 427.93M |
| Stockholders Equity | 359.15M | 370.29M | 388.71M | 317.95M | 261.30M |
Cash Flow | |||||
| Free Cash Flow | 85.72M | 64.90M | 112.50M | -3.70M | 28.78M |
| Operating Cash Flow | 118.36M | 109.28M | 150.15M | 64.09M | 103.23M |
| Investing Cash Flow | -31.91M | -47.42M | -46.02M | -70.67M | -64.11M |
| Financing Cash Flow | -50.34M | -83.44M | -130.06M | -19.07M | 28.19M |
Zignago Vetro SpA Technical Analysis
Neutral
7.86
Price Trends
7.33
Negative
7.43
Negative
7.73
Negative
Market Momentum
-0.03
Negative
50.56
Neutral
56.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ZV, the sentiment is Neutral. The current price of 7.86 is above the 20-day moving average (MA) of 6.87, above the 50-day MA of 7.33, and above the 200-day MA of 7.73, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 56.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IT:ZV.
Zignago Vetro SpA Peers Comparison
UnderperformOutperform
Sector (55)
IT:ZV
Zignago Vetro SpA
7.12
-0.85
-10.64%
IT:SFL
Safilo Group SpA
1.76
1.06
150.57%
Zignago Vetro SpA Corporate Events
Zignago Vetro CEO Biagio Costantini Buys Company Shares
Mar 13, 2026
Zignago Vetro has disclosed a transaction by Chief Executive Officer Biagio Costantini, who purchased 1,290 ordinary shares of the company on the MTAA market. The shares were bought on March 13, 2026 at a weighted average price of €6.9191 pe...
Zignago Vetro Holds Cash Generation as 2025 Profits Slide on Destocking Pressures
Mar 12, 2026
Zignago Vetro reported 2025 revenues of €596 million, down 3.2% year on year, with exports accounting for 30.5% and performance shaped by diverging demand trends across its end markets. Beverage and food glass container volumes recovered ver...
Zignago Vetro Announces Leadership Change at Polish and French Subsidiaries
Jan 29, 2026
Zignago Vetro S.p.A. has announced the departure of senior executive Michele Pezza, Chairman of Zignago Vetro Polska and Zignago Vetro France, effective January 31, 2026, as he leaves to pursue new professional opportunities. From February 1, 2026...
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.