AEROPORTO GUGLIELMO MARCONI (ADB.MI) Stock Fundamental Analysis
BIT:ADB - Euronext Milan - IT0001006128 - Common Stock - Currency: EUR
ADB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 11 industry peers in the Transportation Infrastructure industry. Both the profitability and the financial health of ADB get a neutral evaluation. Nothing too spectacular is happening here. ADB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ADB was profitable.
ADB had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ADB reported negative net income in multiple years.
In multiple years ADB reported negative operating cash flow during the last 5 years.
1.2 Ratios
ADB has a better Return On Assets (10.11%) than 92.86% of its industry peers.
With an excellent Return On Equity value of 16.21%, ADB belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
With an excellent Return On Invested Capital value of 14.25%, ADB belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ADB is in line with the industry average of 6.60%.
The 3 year average ROIC (7.01%) for ADB is below the current ROIC(14.25%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.11% | ||
| ROE | 16.21% | ||
| ROIC | 14.25% |
ROA(3y)7%
ROA(5y)2.83%
ROE(3y)11.87%
ROE(5y)4.62%
ROIC(3y)7.01%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 14.95%, ADB is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Profit Margin of ADB has declined.
ADB has a Operating Margin of 21.89%. This is in the better half of the industry: ADB outperforms 64.29% of its industry peers.
In the last couple of years the Operating Margin of ADB has declined.
ADB has a Gross Margin of 64.08%. This is comparable to the rest of the industry: ADB outperforms 42.86% of its industry peers.
In the last couple of years the Gross Margin of ADB has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.89% | ||
| PM (TTM) | 14.95% | ||
| GM | 64.08% |
OM growth 3YN/A
OM growth 5Y-3.25%
PM growth 3YN/A
PM growth 5Y-2.5%
GM growth 3Y2.94%
GM growth 5Y-1.94%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ADB is creating value.
ADB has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ADB has about the same amount of shares outstanding.
Compared to 1 year ago, ADB has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.82 indicates that ADB is not a great score, but indicates only limited risk for bankruptcy at the moment.
ADB has a Altman-Z score of 2.82. This is amongst the best in the industry. ADB outperforms 85.71% of its industry peers.
The Debt to FCF ratio of ADB is 8.96, which is on the high side as it means it would take ADB, 8.96 years of fcf income to pay off all of its debts.
ADB has a better Debt to FCF ratio (8.96) than 64.29% of its industry peers.
ADB has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.09, ADB belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 8.96 | ||
| Altman-Z | 2.82 |
ROIC/WACC1.84
WACC7.73%
2.3 Liquidity
A Current Ratio of 0.60 indicates that ADB may have some problems paying its short term obligations.
ADB has a Current ratio of 0.60. This is amonst the worse of the industry: ADB underperforms 85.71% of its industry peers.
A Quick Ratio of 0.60 indicates that ADB may have some problems paying its short term obligations.
ADB has a Quick ratio of 0.60. This is in the lower half of the industry: ADB underperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
ADB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.35%, which is quite impressive.
Measured over the past 5 years, ADB shows a small growth in Earnings Per Share. The EPS has been growing by 3.22% on average per year.
ADB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.01%.
Measured over the past years, ADB shows a small growth in Revenue. The Revenue has been growing by 5.87% on average per year.
EPS 1Y (TTM)29.35%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%-11.67%
Revenue 1Y (TTM)15.01%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%18.8%
3.2 Future
ADB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.08% yearly.
The Revenue is expected to grow by 5.23% on average over the next years.
EPS Next Y0%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
EPS Next 5YN/A
Revenue Next Year13.4%
Revenue Next 2Y11.9%
Revenue Next 3Y5.23%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
ADB is valuated reasonably with a Price/Earnings ratio of 8.34.
ADB's Price/Earnings ratio is rather cheap when compared to the industry. ADB is cheaper than 85.71% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. ADB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 13.03, the valuation of ADB can be described as correct.
Based on the Price/Forward Earnings ratio, ADB is valued cheaper than 100.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.76. ADB is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.34 | ||
| Fwd PE | 13.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ADB indicates a somewhat cheap valuation: ADB is cheaper than 78.57% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ADB is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 91.14 | ||
| EV/EBITDA | 4.59 |
4.3 Compensation for Growth
ADB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.59
EPS Next 2Y2.43%
EPS Next 3Y1.08%
5. Dividend
5.1 Amount
ADB has a Yearly Dividend Yield of 5.54%, which is a nice return.
Compared to an average industry Dividend Yield of 4.30, ADB pays a bit more dividend than its industry peers.
ADB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
5.2 History
The dividend of ADB decreases each year by -0.96%.
Dividend Growth(5Y)-0.96%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ADB pays out 26.26% of its income as dividend. This is a sustainable payout ratio.
DP26.26%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
BIT:ADB (6/27/2025, 7:00:00 PM)
8.42
-0.1 (-1.17%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners29.51%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap304.21M
Analysts45.71
Price Target9.18 (9.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
Yearly Dividend0.26
Dividend Growth(5Y)-0.96%
DP26.26%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)12.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-25.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.34 | ||
| Fwd PE | 13.03 | ||
| P/S | 1.25 | ||
| P/FCF | 91.14 | ||
| P/OCF | 6.57 | ||
| P/B | 1.36 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.59 |
EPS(TTM)1.01
EY12%
EPS(NY)0.65
Fwd EY7.68%
FCF(TTM)0.09
FCFY1.1%
OCF(TTM)1.28
OCFY15.22%
SpS6.72
BVpS6.2
TBVpS-1.06
PEG (NY)N/A
PEG (5Y)2.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.11% | ||
| ROE | 16.21% | ||
| ROCE | 20% | ||
| ROIC | 14.25% | ||
| ROICexc | 15.96% | ||
| ROICexgc | N/A | ||
| OM | 21.89% | ||
| PM (TTM) | 14.95% | ||
| GM | 64.08% | ||
| FCFM | 1.37% |
ROA(3y)7%
ROA(5y)2.83%
ROE(3y)11.87%
ROE(5y)4.62%
ROIC(3y)7.01%
ROIC(5y)N/A
ROICexc(3y)8.76%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.84%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y-1.93%
OM growth 3YN/A
OM growth 5Y-3.25%
PM growth 3YN/A
PM growth 5Y-2.5%
GM growth 3Y2.94%
GM growth 5Y-1.94%
F-Score6
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 8.96 | ||
| Debt/EBITDA | 0.3 | ||
| Cap/Depr | 322.34% | ||
| Cap/Sales | 17.68% | ||
| Interest Coverage | 40.38 | ||
| Cash Conversion | 69.62% | ||
| Profit Quality | 9.19% | ||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | 2.82 |
F-Score6
WACC7.73%
ROIC/WACC1.84
Cap/Depr(3y)241.92%
Cap/Depr(5y)215.8%
Cap/Sales(3y)21.27%
Cap/Sales(5y)24.45%
Profit Quality(3y)73.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.35%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%-11.67%
EPS Next Y0%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
EPS Next 5YN/A
Revenue 1Y (TTM)15.01%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%18.8%
Revenue Next Year13.4%
Revenue Next 2Y11.9%
Revenue Next 3Y5.23%
Revenue Next 5YN/A
EBIT growth 1Y24.53%
EBIT growth 3YN/A
EBIT growth 5Y2.43%
EBIT Next Year59.94%
EBIT Next 3Y22.72%
EBIT Next 5YN/A
FCF growth 1Y-87.7%
FCF growth 3YN/A
FCF growth 5Y-24.73%
OCF growth 1Y-6.63%
OCF growth 3YN/A
OCF growth 5Y7.14%