fiat industrial (FI:BrsaItaliana)
fiat industrial (FI) Snapshot
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Open
€8.75
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Previous Close
€8.82
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Day High
€8.98
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Day Low
€8.75
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52 Week High
01/29/13 - €9.80
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52 Week Low
06/27/12 - €6.96
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Market Cap
10.9B
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Average Volume 10 Days
3.6M
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EPS TTM
€0.62
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Shares Outstanding
1.2B
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EX-Date
04/22/13
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P/E TM
14.4x
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Dividend
€0.23
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Dividend Yield
2.52%
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Related News
fiat industrial (FI) Related Businessweek News
fiat industrial (FI) Details
Fiat Industrial S.p.A. designs, produces, and sells agricultural and construction equipment, trucks and commercial vehicles, and engines and transmissions for industrial and marine applications worldwide. The company offers agricultural equipment, including tractors, balers, combines, harvesters, material handling equipment, and seeders and planters, as well as tractors for municipal and forestry applications under the New Holland Agriculture, Case IH Agriculture, and Steyr brands; and construction equipment comprising skid steer loaders, mini excavators, backhoe loaders, crawler and wheel excavators, and wheel loaders under the New Holland Construction and Case Construction Equipment brands. Its trucks and commercial vehicles comprise light, medium, and heavy commercial and industrial vehicles for the transportation and distribution of goods; commuter buses and touring coaches; quarry and mining equipment to move heavy materials across various terrains; and special vehicles that can be deployed for firefighting, civil defense, and peacekeeping missions. Fiat Industrial S.p.A. offers trucks and commercial vehicles under the Iveco, Iveco Irisbus, Iveco Astra, Iveco Magirus, and Iveco Defence Vehicles brand names. The company also engages in the design, production, and sale of propulsion and transmission systems for on-and off-road trucks and commercial vehicles, as well as engines for marine and power generation applications under the FPT Industrial brand name. In addition, it provides financial products, such as dealer and end customer financing, finance and operating leases, credit cards, equipment rental programs, and insurance products for the purchase of its agricultural and construction equipment, and trucks and commercial vehicles. The company is headquartered in Turin, Italy. Fiat Industrial S.p.A. (CM:FI) operates independently of Fiat S.p.A. as of January 3, 2011.
Last Reported Date: 05/2/13
fiat industrial (FI) Key Developments
Fiat Industrial SpA reported consolidated earnings results for the first quarter of 2013. Revenues are flat quarter-to-quarter, with the performance of agricultural equipment and powertrain offsetting decline in truck and commercial vehicles and construction equipment. Trading profit is down EUR 23 million over the prior year, and a reduction of trading margin from EUR 7.4 million to 7% for the quarter. Net profit before exceptional items down EUR 7 million for the quarter. Net industrial debt is up by EUR 900 million, reflecting the seasonal working capital absorption and that reflected in available liquidity on the bottom right-hand of the slide. Capex reached EUR 247 million, mainly related to hired trucks and commercial vehicles, capital spending and investment expansions in the recourse of business in China, Brazil, India and Argentina, as well some engine emissions compliance programs in Fiat Industrial. Revenues down 4% to EUR 1.8 billion on the back of volume declines, reflecting market trends and market demand. The company provided net debt guidance for the year 2013. The company expects net debt, up by around EUR 300 million, partly, is coming from lower contribution from operating profit.
Chief Executive of Fiat S.p.A., Sergio Marchionne said that Fiat could put up on marlet its 2.8% stake in Fiat Industrial SpA.
Fiat Industrial SpA Presents at Bank of America Merrill Lynch Global Industrials & EU Autos Conference 2013, Mar-19-2013 . Venue: Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London, EC1A 1HQ, United Kingdom.
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Industry Analysis
FI
Industry Average
| Valuation | FI | Industry Range |
| Price/Earnings | 13.9x |
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| Price/Sales | 0.4x |
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| Price/Book | 2.2x |
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| Price/Cash Flow | 14.1x |
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| TEV/Sales | NM | Not Meaningful |
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To contact FIAT INDUSTRIAL, please visit www.fiatindustrial.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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