Zignago Vetro SpA (ZV) AI Stock Analysis

• Market Cap: €727.22M
• Dividend Yield: 5.41%
• Average Volume (3M): 89.92K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 0.53
• Revenue Growth: -7.69%
• EPS Growth: -53.41%
• Country: IT
• Employees: 2,807
• Sector: General
• Sector Strength: N/A
• Industry: Packaging & Containers
• EPS (TTM): 0.09
• Shares Outstanding: 89,320,000
• 10 Day Avg. Volume: 81,185
• 30 Day Avg. Volume: 89,923
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: €9.60
• Price Target Upside: 16.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 65 Neutral
• Price Target: €9.00 ▲(9.62% Upside)

Zignago Vetro SpA's overall stock score reflects its solid financial performance and attractive dividend yield, which are offset by mixed technical indicators and moderate valuation. The company's strong profitability and operational efficiency are key strengths, while the lack of recent revenue growth and bearish momentum present challenges.

Positive Factors

Energy Costs

Zignago Vetro should benefit from normalising energy costs and an increase in production capacity.

Free Cash Flow

Free cash flow, notwithstanding EBITDA’s decrease, improved by around EUR 10M vs. 1Q24.

Production and Volume

Thanks to its production and commercial flexibility, the company increased F&B volumes despite strong competition.

Negative Factors

Earnings Per Share

An average cut of FY25-26E EPS by around 29% vs. previous estimates led to a lowered target price of EUR 10, confirming a NEUTRAL rating given the current uncertain scenario.

Market and Demand Uncertainty

Considering a still mixed scenario in the first part of the year and a possible weakening of the consumer confidence related to the ongoing trade war, a HOLD rating is confirmed.

Revenue and EBITDA Decline

Zignago Vetro’s revenues declined by 1.8% to EUR 155.4M and EBITDA decreased by around 36% to EUR 22M, affected by a temporary impact of the inventory reduction and by some inflationary trend on costs, in particular energy.

Zignago Vetro SpA Business Overview & Revenue Model

Company Description

Zignago Vetro SpA is a leading Italian manufacturer specializing in glass packaging solutions. The company operates primarily in the glass production sector, providing a wide range of products including glass containers for food and beverages, cosmetics, and pharmaceuticals. With a strong emphasis on sustainability and innovation, Zignago Vetro caters to various industries, delivering high-quality glass packaging that meets the ever-evolving demands of its customers.

How the Company Makes Money

Zignago Vetro generates revenue primarily through the sale of glass packaging products to a diverse clientele, including companies in the food and beverage, cosmetics, and pharmaceutical sectors. The company's revenue model is built on the production and distribution of customized glass containers, which are sold both domestically and internationally. Key revenue streams include direct sales to manufacturers, partnerships with distributors, and long-term contracts with major brands seeking reliable packaging solutions. Additionally, Zignago Vetro benefits from economies of scale in production, allowing for competitive pricing and higher margins. The company also invests in research and development to innovate its product offerings, enhancing its market position and driving sales growth.

Zignago Vetro SpA Financial Statement Overview

Summary

Zignago Vetro SpA shows strong profitability and operational efficiency with a healthy balance sheet and robust cash flow generation. However, challenges include recent revenue growth decline and free cash flow fluctuations.

Income Statement

The income statement shows a strong gross profit margin and consistent net profit margins over the years, indicating efficient cost management. However, recent revenue growth has been negative, with a decline in TTM revenue compared to the previous year. EBIT and EBITDA margins remain healthy, showcasing robust operational efficiency.

Balance Sheet

The balance sheet is stable with a declining debt-to-equity ratio, highlighting effective leverage management. The equity ratio is strong, suggesting a solid equity base. However, the return on equity has decreased in the TTM period, indicating potential challenges in generating returns for shareholders.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate and a strong operating cash flow to net income ratio, indicating good cash generation from operations. However, fluctuations in free cash flow over the years and significant capital expenditures present potential risks.

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: Negative
• Last Price: 8.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ZV, the sentiment is Negative. The current price of 8.21 is below the 20-day moving average (MA) of 8.21, below the 50-day MA of 8.36, and below the 200-day MA of 8.77, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 47.56 is Neutral, neither overbought nor oversold. The STOCH value of 78.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:ZV.

Zignago Vetro SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COM	78 Outperform	€1.05B	17.63		2.19%	-20.36%	-23.31%
CMB	75 Outperform	€1.06B	23.81	20.04%	2.97%	3.42%	12.72%
LUVE	71 Outperform	€725.04M	23.19		1.29%	―	―
FILA	67 Neutral	€445.29M	7.03	11.06%	4.58%	-14.79%	-64.42%
ZV	65 Neutral	€727.22M	20.97	10.00%	5.41%	-7.69%	-53.41%
Sector *	65 Neutral	€740.57M	21.36	14.01%	5.41%	-7.69%	-53.41%
GVS	56 Neutral	€892.92M	55.26	3.91%	―	0.73%	-40.34%

Zignago Vetro SpA Corporate Events

Zignago Vetro S.p.A. Reports Decreased Revenues and Profits for H1 2025 Amid Market Challenges

Zignago Vetro S.p.A. reported a decrease in revenues and profits for the first half of 2025 compared to the previous year, with revenues at Euro 308.5 million and a net profit of Euro 8.8 million. Despite the challenging geopolitical and economic environment, the company saw a recovery in sales volumes for Beverage and Food containers, while demand for Cosmetic and Perfumery containers remained weak due to market turbulence and destocking. The company faced initial contractions in operating margins due to energy price spikes, but saw gradual recovery in the second quarter. The company’s sustainability KPIs remain consistent with its medium to long-term goals.

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 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.