Adjusting SOTP valuation metrics

25/06/20 -"We have decreased the EV/EBIT multiple from 12x to 10.5x to account more accurately for Pirelli's heavy reliance on its high value division, explaining the premium over other tyre producers (which ..."

Executive summary
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Published on

25/06/20

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EXECUTIVE SUMMARY

Updates

Pension Risks

Target & Opinion

Governance & Management

Business & Trends

Graphics : Momentum

Money Making

Graphics : MACD & Volumes

Debt

Graphics : Sensitivities

Valuation

Sector: Performance

DCF

Sector: Key data

NAV/SOTP

Sector: Ratios & Valorisation

Worth knowing

Sector: Peers

Financials

Sector: Analysis

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