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Italian manufacturer of power and telecom cables, the world's largest cable maker.
Italian manufacturer of power and telecom cables, the world's largest cable maker.
Submarine and high-voltage cables are won as multi-year turnkey projects, with revenue booked as manufacturing and installation progress, so the order backlog drives results; building and electrical cables sold through distributors give a steadier base. The 2018 purchase of General Cable and the 2024 purchase of Encore Wire broadened its US footprint.
Moat: narrow (scale, process know-how, installed base). World's largest cable maker with unmatched high-voltage submarine cable manufacturing/laying capacity.
Headquarters: Milan, Italy · Founded: 1879 · Employees: 34,368
Size Prysmian (PRY.MI) is an Italy Industrials company (Electrical Products) with a market value of $33.9B, the 9th largest of 123 Italy companies the cockpit tracks. Shares closed at €101.00 on 6 Nov 2026.
Performance Over six months the shares fell 35.4%, against -26.2% for the median peer and +3.1% for the Italy market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 16.9% over the last twelve months (peer median +18.3%); the operating margin is 8.5% (peer median 12.5%).
Valuation It trades at 20.2× forward earnings against a peer median of 20.3× (10th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (9.8% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €22.6B | €19.6B | €17.0B | €15.4B | €16.1B |
| Revenue growth | — | +15% | +11% | -4% | — |
| Gross profit | €5.27B | €4.68B | €3.91B | €3.57B | €3.33B |
| EBITDA | €2.66B | €2.11B | €1.62B | €1.36B | €1.18B |
| Net income | €1.23B | €1.27B | €729M | €529M | €504M |
| Free cash flow | €1.51B | €1.18B | €1.02B | €745M | €538M |
| Capital expenditure | €854M | €791M | €793M | €624M | €454M |
| Total debt | €5.81B | €5.21B | €5.42B | €3.10B | €3.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Prysmian PRY.MI | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% |
| Nexans NEX.PA | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% |
| Nkt A/s NKT.CO | $6.73B | -15% | +2% | 7% | 26.4× | n/a |
| Sumitomo Electric Industries 5802.T | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PRY.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.4% | -8.6% | 6th lowest of 21 |
| 6-month return | -35.4% | -26.2% | 5th lowest of 21 |
| Distance from 52-week high | -35.8% | -35.6% | 11th highest of 21 |
| Revenue growth (TTM) | +16.9% | +18.3% | 11th highest of 21 |
| Operating margin | 8.5% | 12.5% | 6th lowest of 21 |
| Forward P/E | 20.2× | 20.3× | 10th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 13.1% | 15.7% | 7th least demanding of 16 |
| Growth delivered (Del g) | +14.4% | +11.6% | 5th highest of 16 |
| Hurdle (Req g minus delivered) | -1.3 pp | +6.1 pp | 5th least demanding of 16 |
| ROIC minus cost of capital | +1.9 pp | +3.8 pp | 9th lowest of 21 |
| EV / EBITDA | 12.6× | 18.4× | 3rd cheapest of 10 |
| Net debt / EBITDA | 1.1× | -0.3× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Prysmian PRY.MI | Italy | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% | +14.4% |
| Fujikura 5803.T | Japan | $33.0B | -50% | +28% | 19% | 14.3× | 28.9% | +12.9% |
| Vestas Wind Systems A/S VWS.CO | Denmark | $31.0B | +8% | +10% | 7% | 21.3× | 0.5% | +4.9% |
| NARI Technology 600406.SS | China | $28.6B | -8% | +12% | 13% | 21.7× | 2.5% | +11.4% |
| Rockwell Automation ROK | United States | $41.7B | -17% | +11% | 14% | 25.0× | 27.2% | +5.7% |
| Samsung Sdi 006400.KS | South Korea | $26.8B | -33% | +21% | 0% | 45.9× | n/a | n/a |
| Shengyi Technology 600183.SS | China | $25.7B | -8% | +56% | 22% | 20.3× | 20.5% | +14.1% |
| Sungrow Power Supply 300274.SZ | China | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% | +35.8% |
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% | +9.7% |
| Ametek AME | United States | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% | +10.3% |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | China | $19.8B | -32% | +68% | 34% | 23.8× | 15.7% | +11.6% |
| LG Energy Solution 373220.KS | South Korea | $58.2B | -27% | +25% | 1% | n/a | n/a | n/a |
| Mitsubishi Electric 6503.T | Japan | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% | +7.1% |
| Mitsubishi Heavy Industries 7011.T | Japan | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% | +6.1% |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 15.5× | n/a | n/a |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |