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AVIO SPA (AVIO.MI) Stock Fundamental Analysis

Europe - Euronext Milan - BIT:AVIO - IT0005119810 - Common Stock

36.7 EUR
+0.8 (+2.23%)
Last: 1/9/2026, 7:00:00 PM
Fundamental Rating

3

Overall AVIO gets a fundamental rating of 3 out of 10. We evaluated AVIO against 54 industry peers in the Aerospace & Defense industry. While AVIO seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, AVIO is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year AVIO was profitable.
In the past year AVIO had a positive cash flow from operations.
AVIO had positive earnings in 4 of the past 5 years.
AVIO had a positive operating cash flow in each of the past 5 years.
AVIO.MI Yearly Net Income VS EBIT VS OCF VS FCFAVIO.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 40M 60M

1.2 Ratios

The Return On Assets of AVIO (0.55%) is worse than 72.92% of its industry peers.
With a Return On Equity value of 1.91%, AVIO is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 1.41%, AVIO is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
AVIO had an Average Return On Invested Capital over the past 3 years of 0.66%. This is significantly below the industry average of 9.28%.
The 3 year average ROIC (0.66%) for AVIO is below the current ROIC(1.41%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.55%
ROE 1.91%
ROIC 1.41%
ROA(3y)0.38%
ROA(5y)0.62%
ROE(3y)1.34%
ROE(5y)2.3%
ROIC(3y)0.66%
ROIC(5y)0.97%
AVIO.MI Yearly ROA, ROE, ROICAVIO.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8

1.3 Margins

AVIO has a worse Profit Margin (1.12%) than 72.92% of its industry peers.
AVIO's Profit Margin has declined in the last couple of years.
AVIO has a Operating Margin of 1.32%. This is amonst the worse of the industry: AVIO underperforms 83.33% of its industry peers.
AVIO's Operating Margin has declined in the last couple of years.
The Gross Margin of AVIO (70.43%) is better than 91.67% 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 RankSector Rank
OM 1.32%
PM (TTM) 1.12%
GM 70.43%
OM growth 3Y-11.34%
OM growth 5Y-26.45%
PM growth 3Y-21.8%
PM growth 5Y-28.33%
GM growth 3Y-3.07%
GM growth 5Y-0.75%
AVIO.MI Yearly Profit, Operating, Gross MarginsAVIO.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

4

2. Health

2.1 Basic Checks

AVIO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AVIO has about the same amount of shares outstanding.
The number of shares outstanding for AVIO has been increased compared to 5 years ago.
Compared to 1 year ago, AVIO has an improved debt to assets ratio.
AVIO.MI Yearly Shares OutstandingAVIO.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
AVIO.MI Yearly Total Debt VS Total AssetsAVIO.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

AVIO has an Altman-Z score of 1.83. This is not the best score and indicates that AVIO is in the grey zone with still only limited risk for bankruptcy at the moment.
AVIO's Altman-Z score of 1.83 is on the low side compared to the rest of the industry. AVIO is outperformed by 72.92% of its industry peers.
AVIO has a debt to FCF ratio of 0.21. This is a very positive value and a sign of high solvency as it would only need 0.21 years to pay back of all of its debts.
AVIO has a Debt to FCF ratio of 0.21. This is amongst the best in the industry. AVIO outperforms 97.92% of its industry peers.
AVIO has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.03, AVIO belongs to the best of the industry, outperforming 97.92% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.21
Altman-Z 1.83
ROIC/WACC0.17
WACC8.55%
AVIO.MI Yearly LT Debt VS Equity VS FCFAVIO.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 0.83 indicates that AVIO may have some problems paying its short term obligations.
AVIO has a Current ratio of 0.83. This is amonst the worse of the industry: AVIO underperforms 89.58% of its industry peers.
AVIO has a Quick 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.
Looking at the Quick ratio, with a value of 0.36, AVIO is doing worse than 93.75% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.83
Quick Ratio 0.36
AVIO.MI Yearly Current Assets VS Current LiabilitesAVIO.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

5

3. Growth

3.1 Past

The earnings per share for AVIO have decreased strongly by -50.78% in the last year.
AVIO shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -28.46% yearly.
The Revenue has grown by 33.69% in the past year. This is a very strong growth!
Measured over the past years, AVIO shows a small growth in Revenue. The Revenue has been growing by 4.20% on average per year.
EPS 1Y (TTM)-50.78%
EPS 3Y-16.74%
EPS 5Y-28.46%
EPS Q2Q%-3.73%
Revenue 1Y (TTM)33.69%
Revenue growth 3Y14.49%
Revenue growth 5Y4.2%
Sales Q2Q%23.63%

3.2 Future

The Earnings Per Share is expected to decrease by -8.54% on average over the next years.
Based on estimates for the next years, AVIO will show a quite strong growth in Revenue. The Revenue will grow by 13.95% on average per year.
EPS Next Y11.93%
EPS Next 2Y-12.22%
EPS Next 3Y-8.54%
EPS Next 5YN/A
Revenue Next Year33.3%
Revenue Next 2Y22.97%
Revenue Next 3Y19.69%
Revenue Next 5Y13.95%

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.
AVIO.MI Yearly Revenue VS EstimatesAVIO.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
AVIO.MI Yearly EPS VS EstimatesAVIO.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6

1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 203.89, which means the current valuation is very expensive for AVIO.
Compared to the rest of the industry, the Price/Earnings ratio of AVIO indicates a slightly more expensive valuation: AVIO is more expensive than 70.83% of the companies listed in the same industry.
AVIO is valuated expensively when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 155.09, the valuation of AVIO can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVIO indicates a rather expensive valuation: AVIO more expensive than 85.42% of the companies listed in the same industry.
AVIO is valuated expensively when we compare the Price/Forward Earnings ratio to 23.92, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 203.89
Fwd PE 155.09
AVIO.MI Price Earnings VS Forward Price EarningsAVIO.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

79.17% of the companies in the same industry are cheaper than AVIO, based on the Enterprise Value to EBITDA ratio.
79.17% of the companies in the same industry are more expensive than AVIO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 32
EV/EBITDA 63.32
AVIO.MI Per share dataAVIO.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
AVIO's earnings are expected to decrease with -8.54% in the coming years. This may justify a cheaper valuation.
PEG (NY)17.08
PEG (5Y)N/A
EPS Next 2Y-12.22%
EPS Next 3Y-8.54%

1

5. Dividend

5.1 Amount

AVIO has a yearly dividend return of 0.41%, which is pretty low.
The stock price of AVIO dropped by -33.51% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 0.77, AVIO has a dividend in line with its industry peers.
With a Dividend Yield of 0.41, AVIO pays less dividend than the S&P500 average, which is at 1.92.
Industry RankSector Rank
Dividend Yield 0.41%

5.2 History

The dividend of AVIO decreases each year by -12.86%.
Dividend Growth(5Y)-12.86%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

63.08% of the earnings are spent on dividend by AVIO. This is not a sustainable payout ratio.
AVIO's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP63.08%
EPS Next 2Y-12.22%
EPS Next 3Y-8.54%
AVIO.MI Yearly Income VS Free CF VS DividendAVIO.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M
AVIO.MI Dividend Payout.AVIO.MI Dividend Payout, showing the Payout Ratio.AVIO.MI Dividend Payout.PayoutRetained Earnings

AVIO SPA

BIT:AVIO (1/9/2026, 7:00:00 PM)

36.7

+0.8 (+2.23%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)10-27 2025-10-27
Earnings (Next)03-11 2026-03-11
Inst Owners22.8%
Inst Owner ChangeN/A
Ins Owners1.64%
Ins Owner ChangeN/A
Market Cap1.72B
Revenue(TTM)530.18M
Net Income(TTM)5.95M
Analysts86
Price Target41.94 (14.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.41%
Yearly Dividend0.19
Dividend Growth(5Y)-12.86%
DP63.08%
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)32.1%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)19.43%
EPS NY rev (3m)-20.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.28%
Revenue NY rev (3m)1.82%
Valuation
Industry RankSector Rank
PE 203.89
Fwd PE 155.09
P/S 3.24
P/FCF 32
P/OCF 18.63
P/B 5.53
P/tB 14.35
EV/EBITDA 63.32
EPS(TTM)0.18
EY0.49%
EPS(NY)0.24
Fwd EY0.64%
FCF(TTM)1.15
FCFY3.12%
OCF(TTM)1.97
OCFY5.37%
SpS11.33
BVpS6.64
TBVpS2.56
PEG (NY)17.08
PEG (5Y)N/A
Graham Number5.18
Profitability
Industry RankSector Rank
ROA 0.55%
ROE 1.91%
ROCE 1.88%
ROIC 1.41%
ROICexc 1.84%
ROICexgc 5.58%
OM 1.32%
PM (TTM) 1.12%
GM 70.43%
FCFM 10.12%
ROA(3y)0.38%
ROA(5y)0.62%
ROE(3y)1.34%
ROE(5y)2.3%
ROIC(3y)0.66%
ROIC(5y)0.97%
ROICexc(3y)0.91%
ROICexc(5y)1.29%
ROICexgc(3y)2.89%
ROICexgc(5y)3.17%
ROCE(3y)0.89%
ROCE(5y)1.32%
ROICexgc growth 3Y42.71%
ROICexgc growth 5Y-4.13%
ROICexc growth 3Y15.59%
ROICexc growth 5Y-16.6%
OM growth 3Y-11.34%
OM growth 5Y-26.45%
PM growth 3Y-21.8%
PM growth 5Y-28.33%
GM growth 3Y-3.07%
GM growth 5Y-0.75%
F-Score4
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.21
Debt/EBITDA 0.32
Cap/Depr 203.37%
Cap/Sales 7.27%
Interest Coverage 250
Cash Conversion 355.48%
Profit Quality 902.51%
Current Ratio 0.83
Quick Ratio 0.36
Altman-Z 1.83
F-Score4
WACC8.55%
ROIC/WACC0.17
Cap/Depr(3y)202.98%
Cap/Depr(5y)189.55%
Cap/Sales(3y)8.88%
Cap/Sales(5y)9.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.78%
EPS 3Y-16.74%
EPS 5Y-28.46%
EPS Q2Q%-3.73%
EPS Next Y11.93%
EPS Next 2Y-12.22%
EPS Next 3Y-8.54%
EPS Next 5YN/A
Revenue 1Y (TTM)33.69%
Revenue growth 3Y14.49%
Revenue growth 5Y4.2%
Sales Q2Q%23.63%
Revenue Next Year33.3%
Revenue Next 2Y22.97%
Revenue Next 3Y19.69%
Revenue Next 5Y13.95%
EBIT growth 1Y-9.29%
EBIT growth 3Y1.51%
EBIT growth 5Y-23.36%
EBIT Next Year276.77%
EBIT Next 3Y65.1%
EBIT Next 5Y49.89%
FCF growth 1Y-22.18%
FCF growth 3Y49.31%
FCF growth 5Y-6.88%
OCF growth 1Y-10.84%
OCF growth 3Y13.46%
OCF growth 5Y-1.69%

AVIO SPA / AVIO.MI FAQ

What is the ChartMill fundamental rating of AVIO SPA (AVIO.MI) stock?

ChartMill assigns a fundamental rating of 3 / 10 to AVIO.MI.


What is the valuation status of AVIO SPA (AVIO.MI) stock?

ChartMill assigns a valuation rating of 1 / 10 to AVIO SPA (AVIO.MI). This can be considered as Overvalued.


How profitable is AVIO SPA (AVIO.MI) stock?

AVIO SPA (AVIO.MI) has a profitability rating of 3 / 10.


How financially healthy is AVIO SPA?

The financial health rating of AVIO SPA (AVIO.MI) is 4 / 10.


What is the expected EPS growth for AVIO SPA (AVIO.MI) stock?

The Earnings per Share (EPS) of AVIO SPA (AVIO.MI) is expected to grow by 11.93% in the next year.