(PIRC) Pirelli & C SPA - Overview
Sector: Consumer Cyclical | Industry: Auto Parts | Exchange: MI (Italy) | Market Cap: 6.515m EUR | Total Return: 1.7% in 12m
Avg Turnover: 7.99M
EPS Trend: 73.2%
Qual. Beats: 0
Rev. Trend: 79.9%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Pirelli & C. S.p.A. is a Milan-based manufacturer specializing in high-performance tires for cars, motorcycles, and bicycles. The company operates a global distribution network across Europe, North America, the Asia-Pacific, and South America, maintaining a portfolio of premium brands including P ZERO, Cinturato, and Scorpion. Its product line emphasizes technical innovation, featuring specialized solutions such as noise-cancelling systems, self-sealing technologies, and the Elect line specifically engineered for electric vehicles.
The company operates within the high-value tire segment, a niche characterized by higher margins and greater resilience to economic cycles compared to the standard mass-market tire industry. Pirelli utilizes a pure consumer business model, having divested its industrial tire divisions to focus exclusively on products for end-users and original equipment manufacturers (OEMs). This strategy aligns with the automotive industrys shift toward larger rim sizes and sustainable mobility solutions.
For a deeper look into the companys valuation metrics and historical performance, consider reviewing the data available on ValueRay. Founded in 1872, Pirelli maintains a long-standing partnership with top-tier vehicle manufacturers to develop bespoke tire fitments that meet specific performance requirements.
- High-value tire segment growth offsets lower volume in standard car markets
- Rising raw material and energy costs pressure quarterly operating margins
- Electric vehicle tire adoption drives premium original equipment sales expansion
- Geopolitical instability in Russia and Middle East disrupts global supply chains
- Strategic shift toward high-margin replacement channels improves overall profitability
| Net Income: 641.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.65 > 1.0 |
| NWC/Revenue: 14.81% < 20% (prev 8.76%; Δ 6.04% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.26b > Net Income 641.2m |
| Net Debt (-473.8m) to EBITDA (1.71b): -0.28 < 3 |
| Current Ratio: 1.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.08b) vs 12m ago 8.49% < -2% |
| Gross Margin: 60.38% > 18% (prev 0.63%; Δ 5.97k% > 0.5%) |
| Asset Turnover: 63.95% > 50% (prev 64.08%; Δ -0.13% > 0%) |
| Interest Coverage Ratio: 3.74 > 6 (EBITDA TTM 1.71b / Interest Expense TTM 303.2m) |
| A: 0.09 (Total Current Assets 3.84b - Total Current Liabilities 2.56b) / Total Assets 13.5b |
| B: 0.01 (Retained Earnings 143.7m / Total Assets 13.5b) |
| C: 0.08 (EBIT TTM 1.13b / Avg Total Assets 13.4b) |
| D: 0.02 (Book Value of Equity 143.7m / Total Liabilities 6.66b) |
| Altman-Z'' = 1.24 = BB |
| DSRI: 0.94 (Receivables 943.7m/1.00b, Revenue 8.60b/8.57b) |
| GMI: 1.05 (GM 60.38% / 63.35%) |
| AQI: 0.97 (AQ_t 0.43 / AQ_t-1 0.45) |
| SGI: 1.00 (Revenue 8.60b / 8.57b) |
| TATA: -0.05 (NI 641.2m - CFO 1.26b) / TA 13.5b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 6.04 with a total of 1,383,360 shares traded.
Over the past week, the price has changed by -2.11%,
over one month by +2.20%,
over three months by -5.60% and
over the past year by +1.71%.
Pirelli & C SPA has no consensus analysts rating.
P/E Trailing = 11.7745
P/E Forward = 10.2669
P/S = 0.9287
P/B = 0.9819
Revenue TTM = 8.60b EUR
EBIT TTM = 1.13b EUR
EBITDA TTM = 1.71b EUR
Long Term Debt = 2.42b EUR (from longTermDebt, last quarter)
Short Term Debt = 302.1m EUR (from shortLongTermDebt, last quarter)
Debt = 470.2m EUR (Leases only: 470.2m)
Net Debt = -473.8m EUR (calculated: Debt 470.2m - CCE 944.0m)
Enterprise Value = 6.04b EUR (6.51b + Debt 470.2m - CCE 944.0m)
Interest Coverage Ratio = 3.74 (Ebit TTM 1.13b / Interest Expense TTM 303.2m)
EV/FCF = 7.31x (Enterprise Value 6.04b / FCF TTM 826.5m)
FCF Yield = 13.68% (FCF TTM 826.5m / Enterprise Value 6.04b)
FCF Margin = 9.61% (FCF TTM 826.5m / Revenue TTM 8.60b)
Net Margin = 7.46% (Net Income TTM 641.2m / Revenue TTM 8.60b)
Gross Margin = 60.38% ((Revenue TTM 8.60b - Cost of Revenue TTM 3.41b) / Revenue TTM)
Gross Margin QoQ = 67.78% (prev 42.27%)
Tobins Q-Ratio = 0.45 (Enterprise Value 6.04b / Total Assets 13.5b)
Interest Expense / Debt = 64.49% (Interest Expense 303.2m / Debt 470.2m)
Taxrate = 30.50% (68.8m / 225.6m)
NOPAT = 788.7m (EBIT 1.13b * (1 - 30.50%))
Current Ratio = 1.50 (Total Current Assets 3.84b / Total Current Liabilities 2.56b)
Debt / Equity = 0.07 (Debt 470.2m / totalStockholderEquity, last quarter 6.58b)
Debt / EBITDA = -0.28 (Net Debt -473.8m / EBITDA 1.71b)
Debt / FCF = -0.57 (Net Debt -473.8m / FCF TTM 826.5m)
Total Stockholder Equity = 6.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.77% (Net Income 641.2m / Total Assets 13.5b)
RoE = 10.65% (Net Income TTM 641.2m / Total Stockholder Equity 6.02b)
RoCE = 13.44% (EBIT 1.13b / Capital Employed (Equity 6.02b + L.T.Debt 2.42b))
RoIC = 7.27% (NOPAT 788.7m / Invested Capital 10.9b)
WACC = 7.50% (E(6.51b)/V(6.98b) * Re(8.04%) + (debt cost/tax rate unavailable))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: -0.01%
[DCF] Terminal Value 74.18% ; FCFF base≈857.8m ; Y1≈798.9m ; Y5≈728.0m
[DCF] Fair Price = 11.05 (EV 11.5b - Net Debt -473.8m = Equity 12.0b / Shares 1.08b; r=8.35% [WACC [floored]]; 5y FCF grow -8.64% → 2.50% )
EPS Correlation: 73.23 | EPS CAGR: 9.58% | SUE: 0.72 | # QB: 0
Revenue Correlation: 79.89 | Revenue CAGR: 16.56% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.14 | Chg30d=-16.86% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.13 | Chg30d=-2.54% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.55 | Chg30d=-1.06% | Revisions=-50% | GrowthEPS=-6.3% | GrowthRev=+0.8%
EPS next Year (2027-12-31): EPS=0.59 | Chg30d=-0.61% | Revisions=-50% | GrowthEPS=+7.6% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: -50%