Financials Piovan S.p.A.

Equities

PVN

IT0005337958

Industrial Machinery & Equipment

Real-time Borsa Italiana 06:15:22 2024-05-03 am EDT 5-day change 1st Jan Change
12.2 EUR +0.83% Intraday chart for Piovan S.p.A. +0.83% +14.02%

Valuation

Fiscal Period: December 2019 2020 2023 2024 2025 2026
Capitalization 1 298.4 248.5 546 618.6 - -
Enterprise Value (EV) 1 299.3 244.2 546 644.6 597.6 546.6
P/E ratio - - 11.1 x 11.9 x 11 x 10.1 x
Yield 2.56% 2.66% - 2.31% 2.48% 2.73%
Capitalization / Revenue 1.27 x 1.1 x - 1.07 x 1.02 x 0.97 x
EV / Revenue 1.28 x 1.08 x - 1.11 x 0.98 x 0.86 x
EV / EBITDA 9.66 x 7.57 x - 7.86 x 6.87 x 5.82 x
EV / FCF - - - 13.9 x 9.73 x 8.22 x
FCF Yield - - - 7.18% 10.3% 12.2%
Price to Book - - - 2.94 x 2.46 x 2.08 x
Nbr of stocks (in thousands) 50,929 50,929 51,032 51,126 - -
Reference price 2 5.860 4.880 10.70 12.10 12.10 12.10
Announcement Date 3/23/20 3/19/21 3/19/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2023 2024 2025 2026
Net sales 1 234.4 225.2 - 580 607 635
EBITDA 1 31 32.24 - 82 87 94
EBIT 1 25.9 26.03 - 69 73 79
Operating Margin 11.05% 11.56% - 11.9% 12.03% 12.44%
Earnings before Tax (EBT) 1 - - - 68 73 80
Net income 1 - - 49.4 51 55 60
Net margin - - - 8.79% 9.06% 9.45%
EPS 2 - - 0.9600 1.021 1.098 1.200
Free Cash Flow 1 - - - 46.3 61.4 66.5
FCF margin - - - 7.98% 10.12% 10.47%
FCF Conversion (EBITDA) - - - 56.46% 70.57% 70.74%
FCF Conversion (Net income) - - - 90.78% 111.64% 110.83%
Dividend per Share 2 0.1500 0.1300 - 0.2800 0.3000 0.3300
Announcement Date 3/23/20 3/19/21 3/19/24 - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2023 2024 2025 2026
Net Debt 1 0.9 - - 26 - -
Net Cash position 1 - 4.34 - - 21 72
Leverage (Debt/EBITDA) 0.029 x - - 0.3171 x - -
Free Cash Flow 1 - - - 46.3 61.4 66.5
ROE (net income / shareholders' equity) - - - - - -
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share 2 - - - 4.120 4.920 5.810
Cash Flow per Share 2 - - - 0.6500 0.9400 1.020
Capex 1 - - - 14.5 10.3 10.2
Capex / Sales - - - 2.5% 1.7% 1.61%
Announcement Date 3/23/20 3/19/21 3/19/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
12.1 EUR
Average target price
15.4 EUR
Spread / Average Target
+27.27%
Consensus

Annual profits - Rate of surprise

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