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Oct 30
Italian (Borsa Italiana) Machinery Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies29
- 7D-2.4%
- 3M-18.4%
- 1Y-1.0%
- YTD-3.8%
Over the last 7 days, the Machinery industry has dropped 2.4%, driven by declines in Industrie De Nora and Interpump Group of 5.9% and 3.6%, respectively. Meanwhile, Fincantieri actually outperformed within the industry, gaining 8.8% in the last week. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Italian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €14.5b | €34.8b | €1.0b | 11.5x | 14x | 0.4x |
| Thu, 28 Sep 2023 | €16.2b | €34.6b | €1.0b | 10.8x | 15.6x | 0.5x |
| Sat, 26 Aug 2023 | €16.8b | €34.5b | €1.1b | 12x | 15.8x | 0.5x |
| Mon, 24 Jul 2023 | €17.9b | €33.5b | €719.2m | 12.8x | 24.9x | 0.5x |
| Wed, 21 Jun 2023 | €17.9b | €33.5b | €719.4m | 13x | 24.9x | 0.5x |
| Fri, 19 May 2023 | €18.1b | €33.5b | €719.6m | 14.1x | 25.1x | 0.5x |
| Sun, 16 Apr 2023 | €17.7b | €33.0b | €709.6m | 14.8x | 24.9x | 0.5x |
| Tue, 14 Mar 2023 | €17.6b | €32.5b | €661.4m | 13.4x | 26.6x | 0.5x |
| Thu, 09 Feb 2023 | €17.4b | €30.7b | €541.4m | 13.1x | 32.2x | 0.6x |
| Sat, 07 Jan 2023 | €15.7b | €30.7b | €541.4m | 11.6x | 29x | 0.5x |
| Mon, 05 Dec 2022 | €15.2b | €30.7b | €541.4m | 11.4x | 28.1x | 0.5x |
| Wed, 02 Nov 2022 | €14.4b | €29.8b | €470.9m | 11.1x | 30.6x | 0.5x |
| Fri, 30 Sep 2022 | €13.2b | €30.0b | €481.9m | 11.6x | 27.4x | 0.4x |
| Sun, 28 Aug 2022 | €14.4b | €29.7b | €380.2m | 12.3x | 38x | 0.5x |
| Tue, 26 Jul 2022 | €12.1b | €28.0b | €550.2m | 14.3x | 22.1x | 0.4x |
| Thu, 23 Jun 2022 | €11.8b | €28.0b | €550.2m | 15.3x | 21.4x | 0.4x |
| Sat, 21 May 2022 | €11.9b | €27.8b | €525.6m | 17.2x | 22.6x | 0.4x |
| Mon, 18 Apr 2022 | €11.9b | €27.6b | €598.3m | 18.5x | 19.8x | 0.4x |
| Wed, 16 Mar 2022 | €10.8b | €26.9b | €386.4m | 17.2x | 28x | 0.4x |
| Fri, 11 Feb 2022 | €13.1b | €26.5b | €516.7m | 17.4x | 25.4x | 0.5x |
| Sun, 09 Jan 2022 | €12.1b | €13.8b | €336.7m | 19.6x | 35.8x | 0.9x |
| Tue, 07 Dec 2021 | €15.2b | €13.8b | €333.0m | 16.4x | 45.6x | 1.1x |
| Thu, 04 Nov 2021 | €12.7b | €13.7b | €317.0m | 16.6x | 39.9x | 0.9x |
| Sat, 02 Oct 2021 | €11.3b | €12.8b | €279.7m | 18.3x | 40.3x | 0.9x |
| Mon, 30 Aug 2021 | €11.9b | €12.8b | €266.7m | 27.3x | 44.7x | 0.9x |
| Tue, 06 Jul 2021 | €10.2b | €12.8b | €266.7m | 23.5x | 38.2x | 0.8x |
| Fri, 09 Apr 2021 | €9.0b | €12.0b | €116.9m | 23.5x | 77.2x | 0.7x |
| Thu, 31 Dec 2020 | €7.5b | €11.5b | €6.6m | 20.6x | 1134.2x | 0.7x |
Price to Earnings Ratio
-274.5x
Current Industry PE
- Investors are pessimistic on the Italian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.0x which is lower than its 3-year average PE of 107x.
- The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
- Total earnings for the Machinery industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 45% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Industrials industry?
| IT Market | -0.83% | |
| Industrials | -1.13% | |
| Machinery | -2.37% | |
| Construction Machinery and Vehicles | 0.81% | |
| Industrial Machinery | -2.87% | |
| Agricultural Machinery | -7.72% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry even though it's trading below its 3-year average PE ratio of 19.5x.
- Analysts are expecting annual earnings growth of 29.7%, which is higher than its past year's earnings decline of 11.9% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 14.3x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 7.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FCT Fincantieri | €0.51 | 8.8% +€69.2m | -1.8% | PS0.1x | |
| IVG Iveco Group | €8.05 | 2.6% +€53.7m | 47.1% | PE7.4x | |
| FVI Fervi | €16.00 | 3.2% +€1.3m | 11.1% | PE11.5x | |
| VLT Valtecne | €4.60 | 1.8% +€488.8k | n/a | n/a | |
| TES Tesmec | €0.11 | 0.8% +€481.4k | -17.7% | PS0.2x |
