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. ADB has an average financial health and profitability rating. ADB has a correct valuation and a medium growth rate.
1. Profitability
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.
In multiple years ADB reported negative operating cash flow during the last 5 years.
1.2 Ratios
ADB has a better Return On Assets (10.14%) than 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 16.63%, ADB belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
ADB's Return On Invested Capital of 14.39% is amongst the best of the industry. ADB outperforms 100.00% of its industry peers.
ADB had an Average Return On Invested Capital over the past 3 years of 7.01%. This is in line with the industry average of 6.69%.
The last Return On Invested Capital (14.39%) for ADB is above the 3 year average (7.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.14% | ||
| ROE | 16.63% | ||
| ROIC | 14.39% |
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
The Profit Margin of ADB (15.48%) is better than 81.82% of its industry peers.
In the last couple of years the Profit Margin of ADB has declined.
ADB has a better Operating Margin (22.48%) than 72.73% of its industry peers.
In the last couple of years the Operating Margin of ADB has declined.
ADB has a Gross Margin (65.11%) which is in line with its industry peers.
ADB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.48% | ||
| PM (TTM) | 15.48% | ||
| GM | 65.11% |
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.
The number of shares outstanding for ADB remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ADB has about the same amount of shares outstanding.
The debt/assets ratio for ADB has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.68 indicates that ADB is not a great score, but indicates only limited risk for bankruptcy at the moment.
ADB has a better Altman-Z score (2.68) than 90.91% of its industry peers.
ADB has a debt to FCF ratio of 7.51. This is a slightly negative value and a sign of low solvency as ADB would need 7.51 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 7.51, ADB is doing good in the industry, outperforming 72.73% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that ADB is not too dependend on debt financing.
ADB's Debt to Equity ratio of 0.10 is amongst the best of the industry. ADB outperforms 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 7.51 | ||
| Altman-Z | 2.68 |
ROIC/WACC1.81
WACC7.95%
2.3 Liquidity
ADB has a Current Ratio of 0.68. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of ADB (0.68) is worse than 90.91% of its industry peers.
ADB has a Quick Ratio of 0.68. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ADB (0.67) is worse than 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
ADB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.83%, which is quite impressive.
ADB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.22% yearly.
The Revenue has grown by 13.69% in the past year. This is quite good.
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)42.83%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%38.17%
Revenue 1Y (TTM)13.69%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%15.08%
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.
ADB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.90% yearly.
EPS Next Y0%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
EPS Next 5YN/A
Revenue Next Year11.26%
Revenue Next 2Y14.9%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 8.08, the valuation of ADB can be described as reasonable.
Based on the Price/Earnings ratio, ADB is valued cheaper than 81.82% of the companies in the same industry.
ADB is valuated cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 13.37 indicates a correct valuation of ADB.
90.91% of the companies in the same industry are more expensive than ADB, based on the Price/Forward Earnings ratio.
ADB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.08 | ||
| Fwd PE | 13.37 |
4.2 Price Multiples
ADB's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ADB is cheaper than 81.82% of the companies in the same industry.
ADB's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ADB is more expensive than 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 69.14 | ||
| EV/EBITDA | 4.27 |
4.3 Compensation for Growth
The decent profitability rating of ADB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.51
EPS Next 2Y2.43%
EPS Next 3Y1.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.76%, ADB is a good candidate for dividend investing.
ADB's Dividend Yield is a higher than the industry average which is at 5.58.
ADB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
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
25.96% of the earnings are spent on dividend by ADB. This is a low number and sustainable payout ratio.
DP25.96%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
BIT:ADB (4/25/2025, 7:00:00 PM)
8.24
+0.16 (+1.98%)
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 Cap297.71M
Analysts45.71
Price Target9.18 (11.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.76% |
Yearly Dividend0.26
Dividend Growth(5Y)-0.96%
DP25.96%
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)-25.61%
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)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.08 | ||
| Fwd PE | 13.37 | ||
| P/S | 1.25 | ||
| P/FCF | 69.14 | ||
| P/OCF | 6.03 | ||
| P/B | 1.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.27 |
EPS(TTM)1.02
EY12.38%
EPS(NY)0.62
Fwd EY7.48%
FCF(TTM)0.12
FCFY1.45%
OCF(TTM)1.37
OCFY16.6%
SpS6.57
BVpS6.11
TBVpS-0.99
PEG (NY)N/A
PEG (5Y)2.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.14% | ||
| ROE | 16.63% | ||
| ROCE | 20.2% | ||
| ROIC | 14.39% | ||
| ROICexc | 17.04% | ||
| ROICexgc | N/A | ||
| OM | 22.48% | ||
| PM (TTM) | 15.48% | ||
| GM | 65.11% | ||
| FCFM | 1.81% |
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-Score7
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 7.51 | ||
| Debt/EBITDA | 0.34 | ||
| Cap/Depr | 348.04% | ||
| Cap/Sales | 19.01% | ||
| Interest Coverage | 40.87 | ||
| Cash Conversion | 74.53% | ||
| Profit Quality | 11.72% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z | 2.68 |
F-Score7
WACC7.95%
ROIC/WACC1.81
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)42.83%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%38.17%
EPS Next Y0%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
EPS Next 5YN/A
Revenue 1Y (TTM)13.69%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%15.08%
Revenue Next Year11.26%
Revenue Next 2Y14.9%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y34.46%
EBIT growth 3YN/A
EBIT growth 5Y2.43%
EBIT Next Year59.94%
EBIT Next 3Y22.72%
EBIT Next 5YN/A
FCF growth 1Y-28.5%
FCF growth 3YN/A
FCF growth 5Y-24.73%
OCF growth 1Y41.93%
OCF growth 3YN/A
OCF growth 5Y7.14%