Prysmian S.p.A.

PRY.MI

Electrical Equipment & Parts · Industrials

Price

€124.00

+1.45 (+1.18%)

Market Cap

€36.24B

Exchange

Italian Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Exceptional

Cash Flow

Strong

Stability

Mixed

Valuation

Strong

Dividends

Good

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Share count rising — dilution

+11.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 264.0M (2021) → 295.3M (2025)

Winston Score History

The full picture

Prysmian is an Italian company that makes cables and wiring systems used to move electricity and data around the world. Its main products include high-voltage power cables, submarine cables that run under oceans, and fiber optic cables for internet networks. It sells to electric utilities, governments, telecom companies, and construction firms, and it is the largest cable manufacturer in the world.

Prysmian earns money by selling cables and related installation services, with projects ranging from small building wiring to massive undersea grid connections. It operates in over 50 countries across Europe, North America, Asia, and beyond, generating roughly €15–16 billion in annual revenue. Its scale, specialized manufacturing for submarine and high-voltage cables, and long-term project backlogs give it a strong competitive position. The biggest growth driver is the global push to expand electricity grids and connect offshore wind farms, though large infrastructure projects carry execution risk and can face cost overruns.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+24.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+10.5% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

€0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

4.6%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

€1.5B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Prysmian S.p.A. is a rare growth stock that's already generating positive cash flow while growing at 24%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

36.1%

Modest — 36.1% gross margin

Profit after running costs

Operating Margin

8.3%

Modest — 8.3% operating margin

Return on the money invested

ROCE

16.6%

Strong — 16.6% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth

Sales YoY

+12.8%

Fast-growing sales (+12.8% YoY)

Profit growth

EPS YoY

+81.4%

Earnings growing fast (+81.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

120%

Turns 120% of profit into real cash

Spare cash per sale

FCF Margin

4.8%

Thin free cash flow (4.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.73

Moderate — manageable debt (0.73)

Covers its interest

Interest Cover

1.92x

Dangerous — barely covers interest (1.9x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

26.5x

Growth-priced — P/E 26.5

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+8.5

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (26.5 → 18.0)

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Dividends

Dividend

Dividend Yield

0.71%

Small dividend — 0.71% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+73.4%

Dividend growing fast (73.4% YoY)

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