Piaggio & C. SpA
Piaggio & C. SpA, together with its subsidiaries, engages in development, manufacture, and distribution of two-wheeler and commercial motor vehicles. The company provides two-wheelers, including scooters, motorcycles, and mopeds under the Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi, and Scarabeo brands. It also offers light commercial vehicles professional and commercial mobility requireme… Read more
Piaggio & C. SpA (PGGCY) - Net Assets
Latest net assets as of September 2025: $394.67 Million USD
Based on the latest financial reports, Piaggio & C. SpA (PGGCY) has net assets worth $394.67 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.82 Billion) and total liabilities ($1.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $394.67 Million |
| % of Total Assets | 21.65% |
| Annual Growth Rate | 2.97% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.53 |
Piaggio & C. SpA - Net Assets Trend (2020–2024)
This chart illustrates how Piaggio & C. SpA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Piaggio & C. SpA (2020–2024)
The table below shows the annual net assets of Piaggio & C. SpA from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $418.16 Million | +0.53% |
| 2023-12-31 | $415.97 Million | -0.44% |
| 2022-12-31 | $417.81 Million | +3.40% |
| 2021-12-31 | $404.09 Million | +8.62% |
| 2020-12-31 | $372.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Piaggio & C. SpA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 87.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $26.49 Million | 6.33% |
| Other Components | $391.82 Million | 93.67% |
| Total Equity | $418.31 Million | 100.00% |
Piaggio & C. SpA Competitors by Market Cap
The table below lists competitors of Piaggio & C. SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dalian Huarui Heavy Industry Group Co Ltd
SHE:002204
|
$793.19 Million |
|
Shanghai Mechanical & Electrical Industry Co Ltd B
SHG:900925
|
$793.24 Million |
|
Ennostar Inc
TW:3714
|
$793.47 Million |
|
Chengdu Information Technology of Chinese Academy of Sciences Co Ltd
SHE:300678
|
$793.55 Million |
|
San Miguel Corporation
PINK:SMGBF
|
$792.91 Million |
|
Weichai Heavy Machinery Co Ltd
SHE:000880
|
$792.90 Million |
|
Shenzhen Center Power Tech Co Ltd
SHE:002733
|
$792.53 Million |
|
GKG Precision Machine Co. Ltd. A
SHE:301338
|
$791.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Piaggio & C. SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 416,146,000 to 418,310,000, a change of 2,164,000 (0.5%).
- Net income of 67,225,000 contributed positively to equity growth.
- Dividend payments of 69,070,000 reduced retained earnings.
- Share repurchases of 1,283,000 reduced equity.
- Other factors increased equity by 5,292,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $67.22 Million | +16.07% |
| Dividends Paid | $69.07 Million | -16.51% |
| Share Repurchases | $1.28 Million | -0.31% |
| Other Changes | $5.29 Million | +1.27% |
| Total Change | $- | 0.52% |
Book Value vs Market Value Analysis
This analysis compares Piaggio & C. SpA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.64x to 7.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $1.04 | $9.00 | x |
| 2021-12-31 | $1.13 | $9.00 | x |
| 2022-12-31 | $1.18 | $9.00 | x |
| 2023-12-31 | $1.17 | $9.00 | x |
| 2024-12-31 | $1.18 | $9.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Piaggio & C. SpA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.07%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.95%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 4.52x
- Recent ROE (16.07%) is below the historical average (16.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 8.42% | 2.38% | 0.79x | 4.46x | $-5.89 Million |
| 2021 | 14.86% | 3.60% | 0.91x | 4.54x | $19.63 Million |
| 2022 | 20.31% | 4.07% | 1.07x | 4.69x | $43.09 Million |
| 2023 | 21.88% | 4.59% | 1.06x | 4.48x | $49.44 Million |
| 2024 | 16.07% | 3.95% | 0.90x | 4.52x | $25.39 Million |
Industry Comparison
This section compares Piaggio & C. SpA's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Piaggio & C. SpA (PGGCY) | $394.67 Million | 8.42% | 3.62x | $793.06 Million |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |