Operating Margin

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Price: 45 CHF 2.74%

Market Cap: 1.5B CHF

9.3%

Improving

by 0.1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

9.3%

Operating Income

€231.5m

Revenue

€2.7B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

9.3%

Operating Income

CHf231.5m

Revenue

€2.7B

Peer Comparison

Country		Company	Market Cap	Operating Margin
AT		PIERER Mobility AG SIX:PMAG	1.5B CHF	Loading...
IN		Bajaj Auto Ltd NSE:BAJAJ-AUTO	2.6T INR	Loading...
IN		Eicher Motors Ltd NSE:EICHERMOT	2T INR	Loading...
IN		TVS Motor Company Ltd NSE:TVSMOTOR	1.7T INR	Loading...
IN	H	Hero MotoCorp Ltd NSE:HEROMOTOCO	1.1T INR	Loading...
JP		Yamaha Motor Co Ltd TSE:7272	1.2T JPY	Loading...
CN		Yadea Group Holdings Ltd HKEX:1585	37.1B HKD	Loading...
CN		Loncin Motor Co Ltd SSE:603766	31B CNY	Loading...
CN		AIMA Technology Group Co Ltd SSE:603529	26B CNY	Loading...
CN		CETC Acoustic-Optic-Electronic Technology Inc SSE:600877	24.9B CNY	Loading...
CN	Z	Zhejiang Taotao Vehicles Co Ltd SZSE:301345	24.2B CNY	Loading...

Market Distribution

Min	-102%
30th Percentile	2.6%
Median	7.2%
70th Percentile	11.3%
Max	112.1%

Other Profitability Ratios

PIERER Mobility AG
Glance View

Market Cap

1.5B CHF

Industry

Automobiles

PIERER Mobility AG, an emblem of innovation in the motorcycle and e-mobility industry, has carved its niche as a dynamic leader in Europe and beyond. The company, headquartered in Austria, operates under the stewardship of Stefan Pierer, who has deftly transformed the organization into a powerhouse of high-performance motorcycle brands. Among its prized portfolio are KTM, Husqvarna, and GASGAS – each standing out as symbols of quality, speed, and engineering excellence. Through strategic partnerships, particularly with the Indian automotive giant Bajaj Auto, PIERER Mobility has not only expanded its production capabilities but also widened its distribution network to ensure a global reach. This synergy has allowed PIERER to leverage diverse manufacturing and design expertise, riding on the wave of increasing demand for motorcycles in rapidly developing markets. Revenue flows into PIERER Mobility AG primarily through the sale of motorcycles and e-bikes, which appeal to both traditional motoring enthusiasts and a new-age segment of environmentally-conscious riders. The company smartly taps into the burgeoning market of electric mobility – a sector poised for exponential growth due to the global pivot toward sustainable transport solutions. By continuously investing in research and development, PIERER not only keeps its product line cutting-edge but also strengthens its competitive position. A critical aspect of its business model is the focus on high-performance vehicles, which often command higher margins, along with a vibrant after-sales service and parts business that ensures a steady income stream long after the initial sale. This holistic approach, combining a formidable brand presence with innovative product offerings, solidifies PIERER Mobility as a formidable player in the global mobility landscape.

View PMAG Analysis

PMAG Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

PIERER Mobility AG
SIX:PMAG

Peer Comparison

Market Distribution

Other Profitability Ratios

PIERER Mobility AG
Glance View

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PIERER Mobility AG SIX:PMAG