-0.27%
5.51%
15.79%
0.59%
15.56%
-6.52%
33.27%

Company Description

Pirelli & C.S.p.A. manufactures and supplies tires for cars, motorcycles, and bicycles worldwide.It offers car tires under the P ZERO, Cinturato, Scorpion, Sottozero, Ice Zero, and Carrier brand names; motorcycle tires under the DIABLO Superbike, DIABLO Supercorsa, DIABLO Rain, DIABLO Wet, SCORPION MX, SCORPION Pro F.I.M., SCORPION XC, DIABLO Supercorsa SP, DIABLO Rosso Corsa, DIABLO Rosso III, ANGEL GT II, NIGHT DRAGON, MT 66 ROUTE, SCORPION Trail II, MT 60 RS, SCORPION Rally STR, DIABLO ROSSO Scooter, and ANGEL Scooter brands; motorsport tires under the P ZERO TROFEO R, SOTTOZERO, P7 Corsa, K, KM, RK, rain, and Slick brands; bike tires under the P Zero, Cinturato, and Scorpion brand names; and truck and bus tires.


The company also provides Run Flat and Seal Inside specialties that enable cars to continue driving after a puncture; Pirelli Noise Cancelling System for reducing noise by rolling; and Elect, a line of tires for electric vehicles.It operates approximately 17,000 points of sale.Pirelli & C.


S.p.A. was founded in 1872 and is headquartered in Milan, Italy.

Market Data

Last Price 5.82
Change Percentage -0.27%
Open 5.86
Previous Close 5.84
Market Cap ( Millions) 5824
Volume 1334610
Year High 6.31
Year Low 4.88
M A 50 5.49
M A 200 5.56

Financial Ratios

FCF Yield 13.89%
Dividend Yield 3.40%
ROE 7.73%
Debt / Equity 72.04%
Net Debt / EBIDTA 184.35%
Price To Book 1.05
Price Earnings Ratio 13.47
Price To FCF 7.2
Price To sales 0.87
EV / EBITDA 5.16

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Tyres

Expected Growth : 1.8 %

What the company do ?

Pirelli & C. S.p.A. is a renowned Italian tyre manufacturer, producing high-performance tyres for cars, motorcycles, and bicycles, known for their innovative technology and premium quality.

Why we expect these perspectives ?

Pirelli's 1.8% growth in tyre sales is driven by increasing demand for premium tyres, particularly in the high-performance and SUV segments. Additionally, the company's focus on innovation, such as its Cyber Tyre technology, and strategic partnerships with luxury car manufacturers are contributing to its growth.

Segment nΒ°2 -> Services

Expected Growth : 2.2 %

What the company do ?

Pirelli & C. S.p.A. offers a range of services including tire maintenance, fleet management, and mobility solutions for individuals and businesses.

Why we expect these perspectives ?

Pirelli & C. S.p.A.'s 2.2% growth is driven by increasing demand for premium tires, expansion in high-growth markets, and a focus on sustainable and digital solutions. Additionally, the company's diversification into adjacent businesses, such as motorsport and bike tires, contributes to its growth momentum.

Pirelli & C. S.P.A. Products

Product Range What is it ?
High-Performance Tires High-performance tires designed for high-speed driving, providing exceptional handling and braking performance.
Winter Tires Tires specifically designed for winter conditions, providing improved traction, braking, and control on snow and ice.
All-Season Tires Tires designed to provide a balance of performance, comfort, and durability in various driving conditions, including dry, wet, and light snow.
Motorcycle Tires Tires specifically designed for motorcycles, providing improved grip, handling, and braking performance.
Bicycle Tires Tires designed for bicycles, offering improved grip, comfort, and durability for various types of cycling, including road, mountain, and commuting.
Veloce Tires High-performance tires designed for luxury and high-performance vehicles, providing exceptional handling and braking performance.
Scorpion Tires Tires designed for SUVs and light trucks, providing improved traction, braking, and durability in various driving conditions.

Pirelli & C. S.p.A.'s Porter Forces

Pirelli & C. S.p.A. faces moderate threat from substitutes, as customers have limited alternatives for high-performance tires. However, the increasing popularity of electric vehicles and autonomous driving may lead to new substitutes in the future.

Pirelli & C. S.p.A. has a diverse customer base, including OEMs and aftermarket customers, which reduces the bargaining power of individual customers. Additionally, the company's premium brand image and high-performance products limit customers' ability to negotiate prices.

Pirelli & C. S.p.A. relies on a few large suppliers for raw materials, which gives them some bargaining power. However, the company's long-term contracts and strategic partnerships mitigate this risk.

The tire industry has high barriers to entry, including significant capital investments, technological expertise, and regulatory compliance. This limits the threat of new entrants and allows Pirelli & C. S.p.A. to maintain its market position.

The tire industry is highly competitive, with several established players competing for market share. Pirelli & C. S.p.A. faces intense rivalry from companies like Michelin, Continental, and Goodyear, which drives innovation and pricing pressure.

Capital Structure

Value
Debt Weight 39.46%
Debt Cost 6.60%
Equity Weight 60.54%
Equity Cost 10.44%
WACC 8.93%
Leverage 65.17%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
CIE.MC CIE Automotive, S.A. designs, manufactures, and sells automotive components and sub-assemblies worldwide. It offers roof systems, including opening roof, shading, and glazing systems; BIW, chassis, and steering products, such as …
ALIV-SDB.ST Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety …
CON.DE Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, …
KBX.DE Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. …
HLE.DE HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting systems and electronic components for automotive industry worldwide. It operates through three segments: Automotive, Aftermarket, and …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
5.82$
Current Price
5.82$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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