Piaggio & C. SPA (PIAN) Ratios
Piaggio & C. SPA Ratios
MX:PIAN's free cash flow for Q2 2026 was $135.40M. For the 2026 fiscal year, MX:PIAN's free cash flow was decreased by $-9.80M and operating cash flow was $145.21M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.70 | 0.76 | 0.76 | 0.83 | 0.84 |
| Quick Ratio | 0.33 | 0.38 | 0.39 | 0.43 | 0.50 |
| Cash Ratio | 0.16 | 0.17 | 0.20 | 0.26 | 0.32 |
| Solvency Ratio | 0.14 | 0.14 | 0.16 | 0.14 | 0.13 |
| Operating Cash Flow Ratio | 0.18 | 0.17 | 0.21 | 0.25 | 0.28 |
| Short-Term Operating Cash Flow Coverage | 0.81 | 1.08 | 1.48 | 3.37 | 2.61 |
| Net Current Asset Value | $ -811.20M | $ -819.28M | $ -769.42M | $ -750.32M | $ -745.97M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.40 | 0.36 | 0.33 | 0.31 | 0.35 |
| Debt-to-Equity Ratio | 1.76 | 1.63 | 1.49 | 1.46 | 1.59 |
| Debt-to-Capital Ratio | 0.64 | 0.62 | 0.60 | 0.59 | 0.61 |
| Long-Term Debt-to-Capital Ratio | 0.56 | 0.56 | 0.53 | 0.55 | 0.57 |
| Financial Leverage Ratio | 4.37 | 4.52 | 4.48 | 4.69 | 4.54 |
| Debt Service Coverage Ratio | 1.09 | 1.37 | 1.62 | 2.42 | 1.80 |
| Interest Coverage Ratio | 1.39 | 2.79 | 3.87 | 5.13 | 3.87 |
| Debt to Market Cap | 1.05 | 0.85 | 0.56 | 0.58 | 0.60 |
| Interest Debt Per Share | 2.11 | 2.07 | 1.89 | 1.80 | 1.88 |
| Net Debt to EBITDA | 2.30 | 1.87 | 1.37 | 1.27 | 1.57 |
| Profitability Margins | |||||
| Gross Profit Margin | 12.70% | 22.61% | 26.03% | 23.92% | 21.15% |
| EBIT Margin | 6.74% | 8.59% | 8.93% | 7.30% | 6.97% |
| EBITDA Margin | 16.70% | 16.76% | 16.13% | 13.88% | 14.56% |
| Operating Profit Margin | 4.49% | 8.68% | 9.06% | 7.60% | 6.75% |
| Pretax Profit Margin | 3.43% | 5.72% | 6.78% | 6.09% | 5.61% |
| Net Profit Margin | 2.26% | 3.95% | 4.56% | 4.07% | 3.60% |
| Continuous Operations Profit Margin | 2.26% | 3.95% | 4.56% | 4.11% | 3.56% |
| Net Income Per EBT | 65.96% | 69.05% | 67.28% | 66.73% | 64.11% |
| EBT Per EBIT | 76.46% | 65.90% | 74.91% | 80.14% | 83.21% |
| Return on Assets (ROA) | 1.96% | 3.55% | 4.88% | 4.33% | 3.27% |
| Return on Equity (ROE) | 8.58% | 16.07% | 21.88% | 20.31% | 14.86% |
| Return on Capital Employed (ROCE) | 6.86% | 14.40% | 18.72% | 15.73% | 11.01% |
| Return on Invested Capital (ROIC) | 3.85% | 8.72% | 11.05% | 9.71% | 6.46% |
| Return on Tangible Assets | 3.57% | 6.12% | 8.19% | 6.91% | 5.38% |
| Earnings Yield | 5.27% | 8.67% | 8.68% | 8.52% | 5.86% |
| Efficiency Ratios | |||||
| Receivables Turnover | 11.53 | 11.90 | 15.68 | 19.98 | 15.26 |
| Payables Turnover | 2.76 | 2.31 | 2.38 | 2.15 | 2.11 |
| Inventory Turnover | 4.76 | 4.09 | 4.50 | 4.19 | 4.74 |
| Fixed Asset Turnover | 4.69 | 5.03 | 6.15 | 6.36 | 5.32 |
| Asset Turnover | 0.87 | 0.90 | 1.07 | 1.07 | 0.91 |
| Working Capital Turnover Ratio | -6.89 | -7.88 | -10.51 | -14.58 | -10.49 |
| Cash Conversion Cycle | -24.02 | -38.35 | -48.74 | -64.72 | -72.09 |
| Days of Sales Outstanding | 31.66 | 30.67 | 23.28 | 18.27 | 23.92 |
| Days of Inventory Outstanding | 76.68 | 89.29 | 81.11 | 87.03 | 76.98 |
| Days of Payables Outstanding | 132.36 | 158.32 | 153.13 | 170.03 | 172.98 |
| Operating Cycle | 108.34 | 119.96 | 104.39 | 105.31 | 100.90 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.38 | 0.41 | 0.52 | 0.67 | 0.63 |
| Free Cash Flow Per Share | 0.21 | -0.11 | 0.07 | 0.25 | 0.20 |
| Dividend Paid and CapEx Coverage Ratio | 1.51 | 0.57 | 0.76 | 1.17 | 1.17 |
| Capital Expenditure Coverage Ratio | 2.22 | 0.79 | 1.14 | 1.58 | 1.47 |
| Operating Cash Flow Coverage Ratio | 0.19 | 0.21 | 0.30 | 0.39 | 0.35 |
| Operating Cash Flow to Sales Ratio | 0.09 | 0.08 | 0.09 | 0.11 | 0.14 |
| Free Cash Flow Yield | 11.42% | -4.98% | 2.28% | 8.81% | 7.06% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 18.96 | 11.47 | 11.52 | 11.74 | 17.07 |
| Price-to-Sales (P/S) Ratio | 0.43 | 0.46 | 0.53 | 0.48 | 0.61 |
| Price-to-Book (P/B) Ratio | 1.63 | 1.85 | 2.52 | 2.38 | 2.54 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 8.76 | -20.06 | 43.87 | 11.35 | 14.17 |
| Price-to-Operating Cash Flow Ratio | 4.82 | 5.38 | 5.66 | 4.16 | 4.52 |
| Price-to-Earnings Growth (PEG) Ratio | -0.38 | -0.43 | 1.38 | 0.29 | 0.18 |
| Enterprise Value Multiple | 4.87 | 4.59 | 4.63 | 4.71 | 5.79 |
| Enterprise Value | 1.22B | 1.31B | 1.49B | 1.36B | 1.41B |
| EV to EBITDA | 4.87 | 4.59 | 4.63 | 4.71 | 5.79 |
| EV to Sales | 0.81 | 0.77 | 0.75 | 0.65 | 0.84 |
| EV to Free Cash Flow | 16.61 | -33.88 | 62.27 | 15.54 | 19.42 |
| EV to Operating Cash Flow | 9.14 | 9.09 | 8.04 | 5.70 | 6.20 |
| Tangible Book Value Per Share | -1.08 | -1.06 | -0.95 | -0.88 | -0.89 |
| Shareholders’ Equity Per Share | 1.12 | 1.18 | 1.17 | 1.17 | 1.13 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.34 | 0.31 | 0.33 | 0.33 | 0.36 |
| Revenue Per Share | 4.24 | 4.78 | 5.63 | 5.87 | 4.67 |
| Net Income Per Share | 0.10 | 0.19 | 0.26 | 0.24 | 0.17 |
| Tax Burden | 0.66 | 0.69 | 0.67 | 0.67 | 0.64 |
| Interest Burden | 0.51 | 0.67 | 0.76 | 0.83 | 0.81 |
| Research & Development to Revenue | 0.00 | 0.03 | 0.00 | 0.03 | 0.04 |
| SG&A to Revenue | 0.01 | 0.18 | 0.00 | 0.05 | 0.04 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 3.93 | 2.14 | 2.03 | 2.82 | 3.77 |
Currency in EUR