Piaggio & C. S.p.A. (PIA.MI) stock analysis

In our weekly check, Piaggio & C. S.p.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6.

About Piaggio & C. S.p.A.

Piaggio & C. S.p.A. is a Consumer Cyclical company (Auto - Manufacturers) based in Italy, listed on MIL as PIA.MI.

What our checks show for PIA.MI

Red flags

• The net margin fell by 1.3 points over 5 years, to 2.3%: the company keeps less of each sale as profit.
• The gross margin fell by 23.3 points, to -2.1%: costs are rising faster than prices.
• Revenue fell 10.6% a year over the last 3 years.
• The net margin is only 2.3%: little room if costs rise.
• The stock has fallen as much as 77% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 13.8 years.

Warning signs

• Net debt is 1.9x a year of EBITDA (debt/equity 1.56). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 2.1 times: a weak year could make the payments hard.
• Earnings per share fell 26.1% a year over the last 3 years.
• Net profit fell 26.1% a year over the last 3 years.
• A small company (market value $856 million): usually riskier and followed by fewer analysts.

Strengths

• Operating cash flow is 5.62x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 32.5% a year over the next years.
• The dividend takes 41% of profit: there is a cushion.
• Pay in shares is only 0% of free cash flow.

Similar companies

LCID · BLBD · HOG · IVG.MI

Questions

What grade does Piaggio & C. S.p.A. (PIA.MI) have?

In our weekly check, Piaggio & C. S.p.A. is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PIA.MI stock?

This week's biggest flags for Piaggio & C. S.p.A.: Margins falling, Gross margin falling, Weak revenue growth. In total 11 of 25 checks show a warning or a red flag.

What does Piaggio & C. S.p.A. do?

Piaggio & C. S.p.A. is a Consumer Cyclical company (Auto - Manufacturers) based in Italy, listed on MIL as PIA.MI.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-11-07

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