AEROPORTO GUGLIELMO MARCONI (ADB.MI) Stock Fundamental Analysis
BIT:ADB - Euronext Milan - IT0001006128 - Common Stock - Currency: EUR
Taking everything into account, ADB scores 5 out of 10 in our fundamental rating. ADB was compared to 10 industry peers in the Transportation Infrastructure industry. ADB has only an average score on both its financial health and profitability. ADB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
ADB had positive earnings in the past year.
In the past year ADB had a positive cash flow from operations.
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
With an excellent Return On Assets value of 9.43%, ADB belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.26%, ADB belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
ADB's Return On Invested Capital of 14.99% is amongst the best of the industry. ADB outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.43% | ||
| ROE | 15.26% | ||
| ROIC | 14.99% |
ROA(3y)3.98%
ROA(5y)3.02%
ROE(3y)6.76%
ROE(5y)4.75%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 14.61%, ADB is doing good in the industry, outperforming 77.78% of the companies in the same industry.
ADB's Profit Margin has declined in the last couple of years.
The Operating Margin of ADB (21.94%) is better than 77.78% of its industry peers.
ADB's Operating Margin has declined in the last couple of years.
ADB has a Gross Margin of 65.56%. This is comparable to the rest of the industry: ADB outperforms 44.44% of its industry peers.
In the last couple of years the Gross Margin of ADB has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.94% | ||
| PM (TTM) | 14.61% | ||
| GM | 65.56% |
OM growth 3YN/A
OM growth 5Y-4.18%
PM growth 3YN/A
PM growth 5Y-5.98%
GM growth 3Y22.55%
GM growth 5Y-1.87%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
ADB has an Altman-Z score of 2.70. This is not the best score and indicates that ADB is in the grey zone with still only limited risk for bankruptcy at the moment.
ADB has a Altman-Z score of 2.70. This is amongst the best in the industry. ADB outperforms 100.00% of its industry peers.
ADB has a debt to FCF ratio of 4.41. This is a neutral value as ADB would need 4.41 years to pay back of all of its debts.
The Debt to FCF ratio of ADB (4.41) is better than 77.78% of its industry peers.
ADB has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
ADB's Debt to Equity ratio of 0.11 is amongst the best of the industry. ADB outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 4.41 | ||
| Altman-Z | 2.7 |
ROIC/WACC1.98
WACC7.57%
2.3 Liquidity
A Current Ratio of 0.78 indicates that ADB may have some problems paying its short term obligations.
With a Current ratio value of 0.78, ADB is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
ADB has a Quick Ratio of 0.78. 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 Quick ratio of 0.77. This is amonst the worse of the industry: ADB underperforms 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 52.58% over the past year.
Measured over the past years, ADB shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.40% on average per year.
Looking at the last year, ADB shows a quite strong growth in Revenue. The Revenue has grown by 14.20% in the last year.
Measured over the past years, ADB shows a small growth in Revenue. The Revenue has been growing by 4.87% on average per year.
EPS 1Y (TTM)52.58%
EPS 3YN/A
EPS 5Y-1.4%
EPS Q2Q%11.79%
Revenue 1Y (TTM)14.2%
Revenue growth 3Y29.31%
Revenue growth 5Y4.87%
Sales Q2Q%12.41%
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 5.57% on average per year.
ADB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.13% yearly.
EPS Next Y32.9%
EPS Next 2Y33.66%
EPS Next 3Y5.57%
EPS Next 5YN/A
Revenue Next Year12.61%
Revenue Next 2Y11.94%
Revenue Next 3Y14.13%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.46, the valuation of ADB can be described as reasonable.
Based on the Price/Earnings ratio, ADB is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
ADB is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.30, the valuation of ADB can be described as very reasonable.
88.89% of the companies in the same industry are more expensive than ADB, based on the Price/Forward Earnings ratio.
ADB is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.46 | ||
| Fwd PE | 9.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ADB is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
ADB's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ADB is more expensive than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.88 | ||
| EV/EBITDA | 4.41 |
4.3 Compensation for Growth
ADB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y33.66%
EPS Next 3Y5.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.41%, ADB has a reasonable but not impressive dividend return.
ADB's Dividend Yield is comparable with the industry average which is at 5.42.
Compared to an average S&P500 Dividend Yield of 2.33, ADB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y33.66%
EPS Next 3Y5.57%
BIT:ADB (3/7/2025, 7:00:00 PM)
7.7
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners29.56%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap278.20M
Analysts45.71
Price Target8.16 (5.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.41% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DPN/A
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.46 | ||
| Fwd PE | 9.3 | ||
| P/S | 1.23 | ||
| P/FCF | 34.88 | ||
| P/OCF | 5.91 | ||
| P/B | 1.29 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.41 |
EPS(TTM)0.91
EY11.82%
EPS(NY)0.83
Fwd EY10.76%
FCF(TTM)0.22
FCFY2.87%
OCF(TTM)1.3
OCFY16.93%
SpS6.24
BVpS5.98
TBVpS-0.78
PEG (NY)0.26
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.43% | ||
| ROE | 15.26% | ||
| ROCE | 18.99% | ||
| ROIC | 14.99% | ||
| ROICexc | 17.63% | ||
| ROICexgc | N/A | ||
| OM | 21.94% | ||
| PM (TTM) | 14.61% | ||
| GM | 65.56% | ||
| FCFM | 3.53% |
ROA(3y)3.98%
ROA(5y)3.02%
ROE(3y)6.76%
ROE(5y)4.75%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y-1.95%
OM growth 3YN/A
OM growth 5Y-4.18%
PM growth 3YN/A
PM growth 5Y-5.98%
GM growth 3Y22.55%
GM growth 5Y-1.87%
F-Score7
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 4.41 | ||
| Debt/EBITDA | 0.38 | ||
| Cap/Depr | 311.13% | ||
| Cap/Sales | 17.34% | ||
| Interest Coverage | 37.93 | ||
| Cash Conversion | 75.88% | ||
| Profit Quality | 24.2% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 2.7 |
F-Score7
WACC7.57%
ROIC/WACC1.98
Cap/Depr(3y)154%
Cap/Depr(5y)178.68%
Cap/Sales(3y)17.28%
Cap/Sales(5y)21.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)52.58%
EPS 3YN/A
EPS 5Y-1.4%
EPS Q2Q%11.79%
EPS Next Y32.9%
EPS Next 2Y33.66%
EPS Next 3Y5.57%
EPS Next 5YN/A
Revenue 1Y (TTM)14.2%
Revenue growth 3Y29.31%
Revenue growth 5Y4.87%
Sales Q2Q%12.41%
Revenue Next Year12.61%
Revenue Next 2Y11.94%
Revenue Next 3Y14.13%
Revenue Next 5YN/A
EBIT growth 1Y45.93%
EBIT growth 3YN/A
EBIT growth 5Y0.49%
EBIT Next Year95.93%
EBIT Next 3Y28.33%
EBIT Next 5YN/A
FCF growth 1Y-83.41%
FCF growth 3YN/A
FCF growth 5Y-10.96%
OCF growth 1Y-23.26%
OCF growth 3YN/A
OCF growth 5Y2.79%