Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Pininfarina S.p.A. is an Italian car design firm and engineering services provider, celebrated for its automotive styling, prototyping, and product development expertise. Founded in 1930 by Battista 'Pinin' Farina and headquartered in Cambiano, Turin, Italy, the company operates through Design and Engineering segments, offering exterior and interior vehicle design, aerodynamics, aeroacoustics, architecture, and comprehensive engineering solutions. It serves diverse industries including automotive, mobility, transportation, nautical, product design, and wind tunnel testing, while producing prototypes and special edition cars for global clients. Historically renowned as a coachbuilder for iconic brands like Ferrari, Alfa Romeo, and Lancia—crafting legendary models such as the Ferrari 250 GT—Pininfarina transitioned from mass production, which ended in 2011, to specialized design services. As a subsidiary of PF Holdings B.V. with approximately 486 employees led by CEO Silvio Angori, it embodies Italian design excellence, bridging creativity with industrial feasibility in evolving sectors like electric vehicles and sustainable mobility. Pininfarina continues to shape global trends through innovation in automotive and beyond.
The business is unprofitable at the operating level (-4.83% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 12.6%, still solid. Margins contracted 6.2pp, which offsets some of the top-line progress.
Free cash flow declined 378% versus the prior year, cash generation momentum has weakened. ROIC dropped from 2.45% to -10.44%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€103M
▲ +12.6% YoY
Net Income (TTM)
-€7M
▼ -62.8% YoY
Op. Margin
-4.83%
▼ -6.2pp YoY
ROIC
-10.44%
▼ -12.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€5M
▼ -377.9% YoY
Op. Cash Flow (TTM)
-€3M
▼ -172.7% YoY
Net Debt
-€20M
Net Cash Position
Cash & Equiv.
€25M
3Y CAGR: +13.9%
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