AEROPORTO GUGLIELMO MARCONI (ADB.MI) Fundamental Analysis & Valuation

BIT:ADB • IT0001006128

11 EUR
-0.1 (-0.9%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This ADB.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ADB. ADB was compared to 12 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 has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. ADB.MI Profitability Analysis

1.1 Basic Checks

  • ADB had positive earnings in the past year.
  • ADB had a positive operating cash flow in the past year.
  • In multiple years ADB reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: ADB reported negative operating cash flow in multiple years.
ADB.MI Yearly Net Income VS EBIT VS OCF VS FCFADB.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M

1.2 Ratios

  • With an excellent Return On Assets value of 10.22%, ADB belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
  • The Return On Equity of ADB (17.21%) is better than 91.67% of its industry peers.
  • ADB has a better Return On Invested Capital (14.75%) than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ADB is in line with the industry average of 7.18%.
  • The last Return On Invested Capital (14.75%) for ADB is above the 3 year average (7.01%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.22%
ROE 17.21%
ROIC 14.75%
ROA(3y)7%
ROA(5y)2.83%
ROE(3y)11.87%
ROE(5y)4.62%
ROIC(3y)7.01%
ROIC(5y)N/A
ADB.MI Yearly ROA, ROE, ROICADB.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • ADB has a better Profit Margin (14.78%) than 75.00% of its industry peers.
  • In the last couple of years the Profit Margin of ADB has declined.
  • ADB's Operating Margin of 21.16% is fine compared to the rest of the industry. ADB outperforms 75.00% of its industry peers.
  • In the last couple of years the Operating Margin of ADB has declined.
  • With a Gross Margin value of 62.59%, ADB perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ADB has declined.
Industry RankSector Rank
OM 21.16%
PM (TTM) 14.78%
GM 62.59%
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%
ADB.MI Yearly Profit, Operating, Gross MarginsADB.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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5

2. ADB.MI Health Analysis

2.1 Basic Checks

  • ADB has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for ADB remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for ADB remains at a similar level compared to 5 years ago.
  • Compared to 1 year ago, ADB has an improved debt to assets ratio.
ADB.MI Yearly Shares OutstandingADB.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
ADB.MI Yearly Total Debt VS Total AssetsADB.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • An Altman-Z score of 3.01 indicates that ADB is not in any danger for bankruptcy at the moment.
  • ADB has a better Altman-Z score (3.01) than 83.33% of its industry peers.
  • ADB has a debt to FCF ratio of 4.22. This is a neutral value as ADB would need 4.22 years to pay back of all of its debts.
  • ADB has a better Debt to FCF ratio (4.22) than 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.08 indicates that ADB is not too dependend on debt financing.
  • ADB has a Debt to Equity ratio of 0.08. This is amongst the best in the industry. ADB outperforms 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 4.22
Altman-Z 3.01
ROIC/WACC1.91
WACC7.72%
ADB.MI Yearly LT Debt VS Equity VS FCFADB.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

  • ADB has a Current Ratio of 0.47. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ADB has a Current ratio of 0.47. This is in the lower half of the industry: ADB underperforms 75.00% of its industry peers.
  • A Quick Ratio of 0.46 indicates that ADB may have some problems paying its short term obligations.
  • ADB's Quick ratio of 0.46 is on the low side compared to the rest of the industry. ADB is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.47
Quick Ratio 0.46
ADB.MI Yearly Current Assets VS Current LiabilitesADB.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ADB.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 15.72% over the past year.
  • The Earnings Per Share has been growing slightly by 3.22% on average over the past years.
  • Looking at the last year, ADB shows a quite strong growth in Revenue. The Revenue has grown by 13.50% in the last year.
  • The Revenue has been growing slightly by 5.87% on average over the past years.
EPS 1Y (TTM)15.72%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%6.94%
Revenue 1Y (TTM)13.5%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%10.3%

3.2 Future

  • Based on estimates for the next years, ADB will show a small growth in Earnings Per Share. The EPS will grow by 1.61% on average per year.
  • ADB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.72% yearly.
EPS Next Y8.2%
EPS Next 2Y4.02%
EPS Next 3Y1.61%
EPS Next 5YN/A
Revenue Next Year9.55%
Revenue Next 2Y14.09%
Revenue Next 3Y6.72%
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.
ADB.MI Yearly Revenue VS EstimatesADB.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
ADB.MI Yearly EPS VS EstimatesADB.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 -0.4 0.6 0.8

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6

4. ADB.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.68, which indicates a very decent valuation of ADB.
  • Based on the Price/Earnings ratio, ADB is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • ADB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.29.
  • ADB is valuated correctly with a Price/Forward Earnings ratio of 16.50.
  • Based on the Price/Forward Earnings ratio, ADB is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.57. ADB is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 10.68
Fwd PE 16.5
ADB.MI Price Earnings VS Forward Price EarningsADB.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ADB indicates a rather cheap valuation: ADB is cheaper than 91.67% of the companies listed in the same industry.
  • ADB's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 60.71
EV/EBITDA 6.08
ADB.MI Per share dataADB.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ADB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.3
PEG (5Y)3.31
EPS Next 2Y4.02%
EPS Next 3Y1.61%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. ADB.MI Dividend Analysis

5.1 Amount

  • ADB has a Yearly Dividend Yield of 4.01%, which is a nice return.
  • ADB's Dividend Yield is comparable with the industry average which is at 5.38.
  • Compared to an average S&P500 Dividend Yield of 1.82, ADB pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.01%

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

  • 45.90% of the earnings are spent on dividend by ADB. This is a bit on the high side, but may be sustainable.
DP45.9%
EPS Next 2Y4.02%
EPS Next 3Y1.61%
ADB.MI Yearly Income VS Free CF VS DividendADB.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M
ADB.MI Dividend Payout.ADB.MI Dividend Payout, showing the Payout Ratio.ADB.MI Dividend Payout.PayoutRetained Earnings

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ADB.MI Fundamentals: All Metrics, Ratios and Statistics

AEROPORTO GUGLIELMO MARCONI

BIT:ADB (3/6/2026, 7:00:00 PM)

11

-0.1 (-0.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)11-13
Earnings (Next)03-12
Inst Owners29.51%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap397.43M
Revenue(TTM)250.79M
Net Income(TTM)37.07M
Analysts45.71
Price Target9.59 (-12.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.01%
Yearly Dividend0.26
Dividend Growth(5Y)-0.96%
DP45.9%
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 10.68
Fwd PE 16.5
P/S 1.58
P/FCF 60.71
P/OCF 7.77
P/B 1.85
P/tB N/A
EV/EBITDA 6.08
EPS(TTM)1.03
EY9.36%
EPS(NY)0.67
Fwd EY6.06%
FCF(TTM)0.18
FCFY1.65%
OCF(TTM)1.42
OCFY12.88%
SpS6.94
BVpS5.96
TBVpS-1.54
PEG (NY)1.3
PEG (5Y)3.31
Graham Number11.75
Profitability
Industry RankSector Rank
ROA 10.22%
ROE 17.21%
ROCE 20.7%
ROIC 14.75%
ROICexc 16.18%
ROICexgc N/A
OM 21.16%
PM (TTM) 14.78%
GM 62.59%
FCFM 2.61%
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.69
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 4.22
Debt/EBITDA 0.27
Cap/Depr 328.23%
Cap/Sales 17.79%
Interest Coverage 41.42
Cash Conversion 76.77%
Profit Quality 17.66%
Current Ratio 0.47
Quick Ratio 0.46
Altman-Z 3.01
F-Score6
WACC7.72%
ROIC/WACC1.91
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)15.72%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%6.94%
EPS Next Y8.2%
EPS Next 2Y4.02%
EPS Next 3Y1.61%
EPS Next 5YN/A
Revenue 1Y (TTM)13.5%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%10.3%
Revenue Next Year9.55%
Revenue Next 2Y14.09%
Revenue Next 3Y6.72%
Revenue Next 5YN/A
EBIT growth 1Y10.4%
EBIT growth 3YN/A
EBIT growth 5Y2.43%
EBIT Next Year63.63%
EBIT Next 3Y23.1%
EBIT Next 5YN/A
FCF growth 1Y-57.38%
FCF growth 3YN/A
FCF growth 5Y-24.73%
OCF growth 1Y18.66%
OCF growth 3YN/A
OCF growth 5Y7.14%

AEROPORTO GUGLIELMO MARCONI / ADB.MI FAQ

Can you provide the ChartMill fundamental rating for AEROPORTO GUGLIELMO MARCONI?

ChartMill assigns a fundamental rating of 5 / 10 to ADB.MI.


What is the valuation status for ADB stock?

ChartMill assigns a valuation rating of 6 / 10 to AEROPORTO GUGLIELMO MARCONI (ADB.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for AEROPORTO GUGLIELMO MARCONI?

AEROPORTO GUGLIELMO MARCONI (ADB.MI) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for ADB stock?

The Price/Earnings (PE) ratio for AEROPORTO GUGLIELMO MARCONI (ADB.MI) is 10.68 and the Price/Book (PB) ratio is 1.85.


How financially healthy is AEROPORTO GUGLIELMO MARCONI?

The financial health rating of AEROPORTO GUGLIELMO MARCONI (ADB.MI) is 5 / 10.