Pirelli & C SpA
OTC:PLLIF
Intrinsic Value
Pirelli & C. SpA is a consumer tyre company, which engages in manufacturing and marketing of tires for motor and industrial vehicles and motorcycles. [ Read More ]
The intrinsic value of one PLLIF stock under the Base Case scenario is 10.24 USD. Compared to the current market price of 5.9 USD, Pirelli & C SpA is Undervalued by 42%.
Valuation Backtest
Pirelli & C SpA
Run backtest to discover the historical profit from buying and selling PLLIF stocks based on their intrinsic value.
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Fundamental Analysis
Pirelli Forecasts Stronger Financials Amid Challenges
2023-Q3 Earnings Call
In the automotive climate of general demand weakness, Pirelli exhibited a 2.5% revenue growth, with a notable 10.4% improvement in price/mix over nine months, signaling robust pricing and product strategies. Volumes declined 3%, reflective of selective markets and industry headwinds. Despite raw material cost increases and unfavorable Forex impacts, adjusted EBIT grew by 4% to EUR 783 million, with a margin improvement to 15.2%. Net income rose 14% year over year and a managed net debt stood at EUR 3.1 billion. For the full year, Pirelli anticipates revenues of EUR 6.6 billion and an adjusted EBIT margin around 15%, with expected net cash generation between EUR 450 million and EUR 470 million, suggesting a healthier financial position.
Balance Sheet Decomposition
Pirelli & C SpA
Current Assets | 4B |
Cash & Short-Term Investments | 1.5B |
Receivables | 1.1B |
Other Current Assets | 1.4B |
Non-Current Assets | 9.6B |
Long-Term Investments | 369.1m |
PP&E | 3.4B |
Intangibles | 5.3B |
Other Non-Current Assets | 521.7m |
Current Liabilities | 3.4B |
Accounts Payable | 1.9B |
Accrued Liabilities | 382.1m |
Short-Term Debt | 135m |
Other Current Liabilities | 982.2m |
Non-Current Liabilities | 4.7B |
Long-Term Debt | 3.2B |
Other Non-Current Liabilities | 1.5B |
Earnings Waterfall
Pirelli & C SpA
Revenue
|
6.7B
EUR
|
Cost of Revenue
|
-2.2B
EUR
|
Gross Profit
|
4.5B
EUR
|
Operating Expenses
|
-3.6B
EUR
|
Operating Income
|
837.7m
EUR
|
Other Expenses
|
-358.6m
EUR
|
Net Income
|
479.1m
EUR
|
Free Cash Flow Analysis
Pirelli & C SpA
What is Free Cash Flow?
PLLIF Profitability Score
Profitability Due Diligence
Pirelli & C SpA's profitability score is 55/100. The higher the profitability score, the more profitable the company is.
Score
Pirelli & C SpA's profitability score is 55/100. The higher the profitability score, the more profitable the company is.
PLLIF Solvency Score
Solvency Due Diligence
Pirelli & C SpA's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Score
Pirelli & C SpA's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
PLLIF Price Targets Summary
Pirelli & C SpA
According to Wall Street analysts, the average 1-year price target for PLLIF is 6.16 USD with a low forecast of 4.99 USD and a high forecast of 7.03 USD.
Shareholder Return
PIRC Price
Pirelli & C SpA
Average Annual Return | -1.34% |
Standard Deviation of Annual Returns | 31.95% |
Max Drawdown | -52% |
Market Capitalization | 5.7B EUR |
Shares Outstanding | 1 000 000 000 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Pirelli & C. SpA is a consumer tyre company, which engages in manufacturing and marketing of tires for motor and industrial vehicles and motorcycles. The company is headquartered in Milan, Milano and currently employs 30,690 full-time employees. The company went IPO on 2017-10-04. The company is a tire player. The firm is the global player focused on the consumer tire market, which includes tiers for cars, motorcycles and bicycles. The tire activity consists of two main segments: the Consumer segment focuses on tires for consumer cars, motor vehicles, sports utility vehicles (SUVs), light commercial vehicles and motorcycles; and the Industrial segment, manufacturing tires for buses, heavy trucks and agricultural machinery. Its products are used by car maker partners such as Bentley, Aston Martin and Porsche, among others. Through its subsidiaries Pirelli & C. Eco Technology SpA, Pirelli & C. Ambiente SpA and PZero Srl, it is active in emissions control technologies, renewable energy sources and fashion. In addition, Pirelli & C SpA focuses on the partnerships with car and motorcycle manufacturers, technological innovation and wide portfolio of performance and customized products.
Contact
IPO
Employees
Officers
The intrinsic value of one PLLIF stock under the Base Case scenario is 10.24 USD.
Compared to the current market price of 5.9 USD, Pirelli & C SpA is Undervalued by 42%.