AVIO SPA (AVIO.MI) Stock Fundamental Analysis
BIT:AVIO - Euronext Milan - IT0005119810 - Common Stock - Currency: EUR
AVIO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Aerospace & Defense industry. Both the profitability and financial health of AVIO have multiple concerns. AVIO is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
AVIO had positive earnings in the past year.
In the past year AVIO has reported a negative cash flow from operations.
Of the past 5 years AVIO 4 years were profitable.
AVIO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.94%, AVIO is doing worse than 68.42% of the companies in the same industry.
The Return On Equity of AVIO (3.30%) is worse than 68.42% of its industry peers.
AVIO has a Return On Invested Capital of 1.39%. This is in the lower half of the industry: AVIO underperforms 73.68% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AVIO is significantly below the industry average of 8.91%.
The 3 year average ROIC (0.54%) for AVIO is below the current ROIC(1.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.94% | ||
| ROE | 3.3% | ||
| ROIC | 1.39% |
ROA(3y)0.42%
ROA(5y)1.02%
ROE(3y)1.6%
ROE(5y)3.66%
ROIC(3y)0.54%
ROIC(5y)1.36%
1.3 Margins
The Profit Margin of AVIO (2.46%) is worse than 63.16% of its industry peers.
In the last couple of years the Profit Margin of AVIO has declined.
With a Operating Margin value of 1.94%, AVIO is not doing good in the industry: 73.68% of the companies in the same industry are doing better.
AVIO's Operating Margin has declined in the last couple of years.
AVIO has a better Gross Margin (74.16%) than 97.37% of its industry peers.
In the last couple of years the Gross Margin of AVIO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.94% | ||
| PM (TTM) | 2.46% | ||
| GM | 74.16% |
OM growth 3Y-41.1%
OM growth 5Y-32.33%
PM growth 3Y-22.25%
PM growth 5Y-19.36%
GM growth 3Y-2.46%
GM growth 5Y0.22%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVIO is destroying value.
AVIO has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for AVIO has been reduced compared to 5 years ago.
The debt/assets ratio for AVIO has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.81, we must say that AVIO is in the distress zone and has some risk of bankruptcy.
AVIO has a Altman-Z score of 0.81. This is in the lower half of the industry: AVIO underperforms 78.95% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that AVIO is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.02, AVIO belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.81 |
ROIC/WACC0.17
WACC8.05%
2.3 Liquidity
AVIO has a Current Ratio of 0.83. This is a bad value and indicates that AVIO is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of AVIO (0.83) is worse than 84.21% of its industry peers.
A Quick Ratio of 0.10 indicates that AVIO may have some problems paying its short term obligations.
The Quick ratio of AVIO (0.10) is worse than 89.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 82.43% over the past year.
AVIO shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.84% yearly.
AVIO shows a small growth in Revenue. In the last year, the Revenue has grown by 0.25%.
AVIO shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.81% yearly.
EPS 1Y (TTM)82.43%
EPS 3Y-22.83%
EPS 5Y-22.84%
EPS Q2Q%88.47%
Revenue 1Y (TTM)0.25%
Revenue growth 3Y-0.75%
Revenue growth 5Y-4.81%
Sales Q2Q%33.53%
3.2 Future
AVIO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 59.38% yearly.
AVIO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.25% yearly.
EPS Next Y116.89%
EPS Next 2Y82.01%
EPS Next 3Y59.38%
EPS Next 5YN/A
Revenue Next Year12.03%
Revenue Next 2Y11.77%
Revenue Next 3Y12.21%
Revenue Next 5Y12.25%
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 accelerating.
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 50.92, the valuation of AVIO can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of AVIO is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 29.35. AVIO is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 32.29 indicates a quite expensive valuation of AVIO.
AVIO's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AVIO is more expensive than 60.53% of the companies in the same industry.
AVIO's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.92 | ||
| Fwd PE | 32.29 |
4.2 Price Multiples
AVIO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AVIO is more expensive than 60.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.21 |
4.3 Compensation for Growth
AVIO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AVIO's earnings are expected to grow with 59.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y82.01%
EPS Next 3Y59.38%
5. Dividend
5.1 Amount
With a yearly dividend of 0.78%, AVIO is not a good candidate for dividend investing.
AVIO's Dividend Yield is comparable with the industry average which is at 1.20.
With a Dividend Yield of 0.78, AVIO pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
61.58% of the earnings are spent on dividend by AVIO. This is not a sustainable payout ratio.
DP61.58%
EPS Next 2Y82.01%
EPS Next 3Y59.38%
BIT:AVIO (3/7/2025, 7:00:00 PM)
18.84
-0.08 (-0.42%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners24.32%
Inst Owner ChangeN/A
Ins Owners7.38%
Ins Owner ChangeN/A
Market Cap496.62M
Analysts82
Price Target16.42 (-12.85%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP61.58%
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)6.27%
PT rev (3m)13.78%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)3.17%
EPS NY rev (3m)3.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.92 | ||
| Fwd PE | 32.29 | ||
| P/S | 1.25 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.68 | ||
| P/tB | 4.57 | ||
| EV/EBITDA | 21.21 |
EPS(TTM)0.37
EY1.96%
EPS(NY)0.58
Fwd EY3.1%
FCF(TTM)-2.66
FCFYN/A
OCF(TTM)-1.49
OCFYN/A
SpS15.04
BVpS11.2
TBVpS4.12
PEG (NY)0.44
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.94% | ||
| ROE | 3.3% | ||
| ROCE | 1.86% | ||
| ROIC | 1.39% | ||
| ROICexc | 1.52% | ||
| ROICexgc | 3.01% | ||
| OM | 1.94% | ||
| PM (TTM) | 2.46% | ||
| GM | 74.16% | ||
| FCFM | N/A |
ROA(3y)0.42%
ROA(5y)1.02%
ROE(3y)1.6%
ROE(5y)3.66%
ROIC(3y)0.54%
ROIC(5y)1.36%
ROICexc(3y)0.7%
ROICexc(5y)1.81%
ROICexgc(3y)1.49%
ROICexgc(5y)3.48%
ROCE(3y)0.74%
ROCE(5y)1.88%
ROICexcg growth 3Y-33.68%
ROICexcg growth 5Y-30.43%
ROICexc growth 3Y-38.04%
ROICexc growth 5Y-33.54%
OM growth 3Y-41.1%
OM growth 5Y-32.33%
PM growth 3Y-22.25%
PM growth 5Y-19.36%
GM growth 3Y-2.46%
GM growth 5Y0.22%
F-Score5
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.28 | ||
| Cap/Depr | 209.29% | ||
| Cap/Sales | 7.75% | ||
| Interest Coverage | 38.71 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | 0.81 |
F-Score5
WACC8.05%
ROIC/WACC0.17
Cap/Depr(3y)188.89%
Cap/Depr(5y)186.29%
Cap/Sales(3y)9.95%
Cap/Sales(5y)9.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)82.43%
EPS 3Y-22.83%
EPS 5Y-22.84%
EPS Q2Q%88.47%
EPS Next Y116.89%
EPS Next 2Y82.01%
EPS Next 3Y59.38%
EPS Next 5YN/A
Revenue 1Y (TTM)0.25%
Revenue growth 3Y-0.75%
Revenue growth 5Y-4.81%
Sales Q2Q%33.53%
Revenue Next Year12.03%
Revenue Next 2Y11.77%
Revenue Next 3Y12.21%
Revenue Next 5Y12.25%
EBIT growth 1Y233.93%
EBIT growth 3Y-41.54%
EBIT growth 5Y-35.58%
EBIT Next Year571.19%
EBIT Next 3Y120.07%
EBIT Next 5Y69.77%
FCF growth 1Y-477.17%
FCF growth 3Y-21.73%
FCF growth 5Y-20.39%
OCF growth 1Y-182.2%
OCF growth 3Y-3.59%
OCF growth 5Y0.26%