Piovan SpA
MIL:PVN

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Piovan SpA
MIL:PVN
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Price: 13.95 EUR Market Closed
Market Cap: €747.7m

EV/IC

2
Current
3%
More Expensive
vs 3-y average of 1.9

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2
=
Enterprise Value
€724.9m
/
Invested Capital
€365.3m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2
=
Enterprise Value
€724.9m
/
Invested Capital
€365.3m

Valuation Scenarios

Piovan SpA is trading above its 3-year average

If EV/IC returns to its 3-Year Average (1.9), the stock would be worth €13.54 (3% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-53%
Maximum Upside
No Upside Scenarios
Average Downside
26%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2 €13.95
0%
3-Year Average 1.9 €13.54
-3%
5-Year Average 1.9 €13.54
-3%
Industry Average 1.1 €7.88
-44%
Country Average 0.9 €6.49
-53%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
IT
Piovan SpA
MIL:PVN
713.2m EUR 2 9.5
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 2.2 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 17 333.2 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 0.9 29.8
US
Parker-Hannifin Corp
NYSE:PH
111.3B USD 4.2 31.5
JP
Freund Corp
TSE:6312
16.9T JPY 908.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
15.4T JPY 2.6 54.9
SE
Atlas Copco AB
STO:ATCO A
848.5B SEK 5.1 32.1
US
Illinois Tool Works Inc
NYSE:ITW
73.7B USD 5.4 24
US
Barnes Group Inc
NYSE:B
65B USD 1.5 13
SE
Sandvik AB
STO:SAND
480.6B SEK 2.9 32.4

Market Distribution

Higher than 84% of companies in Italy
Percentile
84th
Based on 905 companies
84th percentile
2
Low
0.1 — 0.6
Typical Range
0.6 — 1.3
High
1.3 —
Distribution Statistics
Italy
Min 0.1
30th Percentile 0.6
Median 0.9
70th Percentile 1.3
Max 102.2

Piovan SpA
Glance View

Market Cap
747.7m EUR
Industry
Machinery

Piovan SpA engages in designing and production of automation systems for the storage, transport and processing of polymers, bio-resins, recycled plastic, food fluids and food and non-food powders. The company is headquartered in Santa Maria Di Sala, Venezia and currently employs 1,756 full-time employees. The company went IPO on 2018-10-19. The firm provides a wide range of products and services for a wide range of applications. Its offering includes different kinds of machineries, devices and related services for the plastic producers. Its services include Help desk, Engineering, Installation, Maintenance, and Trainings, among others. Its product's applications cover PET (polyethylene terephthalate) preforms and bottles, Rigid packaging, Automotive components, Technical parts and Medical solutions, among others. The firm is part of Piovan Group and is active globally.

PVN Intrinsic Value
15.01 EUR
Undervaluation 7%
Intrinsic Value
Price €13.95
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