AVIO SPA (AVIO.MI) Fundamental Analysis & Valuation

BIT:AVIO • IT0005119810

33.8 EUR
-3.25 (-8.77%)
Last: Mar 12, 2026, 05:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

3

Overall AVIO gets a fundamental rating of 3 out of 10. We evaluated AVIO against 57 industry peers in the Aerospace & Defense industry. While AVIO seems to be doing ok healthwise, there are quite some concerns on its profitability. AVIO is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. AVIO.MI Profitability Analysis

1.1 Basic Checks

  • In the past year AVIO was profitable.
  • AVIO had a positive operating cash flow in the past year.
  • Of the past 5 years AVIO 4 years were profitable.
  • In the past 5 years AVIO always reported a positive cash flow from operatings.
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

  • AVIO's Return On Assets of 0.55% is on the low side compared to the rest of the industry. AVIO is outperformed by 73.68% of its industry peers.
  • AVIO's Return On Equity of 1.91% is on the low side compared to the rest of the industry. AVIO is outperformed by 71.93% of its industry peers.
  • With a Return On Invested Capital value of 1.41%, AVIO is not doing good in the industry: 75.44% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for AVIO is significantly below the industry average of 9.88%.
  • 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

  • The Profit Margin of AVIO (1.12%) is worse than 73.68% of its industry peers.
  • AVIO's Profit Margin has declined in the last couple of years.
  • AVIO's Operating Margin of 1.32% is on the low side compared to the rest of the industry. AVIO is outperformed by 77.19% of its industry peers.
  • AVIO's Operating Margin has declined in the last couple of years.
  • AVIO has a better Gross Margin (70.43%) than 92.98% 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. AVIO.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVIO is destroying value.
  • Compared to 1 year ago, AVIO has about the same amount of shares outstanding.
  • AVIO has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for AVIO has been reduced compared to a year ago.
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

  • An Altman-Z score of 1.84 indicates that AVIO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • AVIO's Altman-Z score of 1.84 is on the low side compared to the rest of the industry. AVIO is outperformed by 71.93% 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.
  • Looking at the Debt to FCF ratio, with a value of 0.21, AVIO belongs to the top of the industry, outperforming 98.25% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that AVIO is not too dependend on debt financing.
  • The Debt to Equity ratio of AVIO (0.03) is better than 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.21
Altman-Z 1.84
ROIC/WACC0.16
WACC8.96%
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.
  • The Current ratio of AVIO (0.83) is worse than 91.23% 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.
  • AVIO has a worse Quick ratio (0.36) than 91.23% of its industry peers.
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

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

5

3. AVIO.MI Growth Analysis

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.
  • Looking at the last year, AVIO shows a very strong growth in Revenue. The Revenue has grown by 33.69%.
  • The Revenue has been growing slightly by 4.20% on average over the past years.
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

  • Based on estimates for the next years, AVIO will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.33% on average per year.
  • Based on estimates for the next years, AVIO will show a quite strong growth in Revenue. The Revenue will grow by 19.48% on average per year.
EPS Next Y3.41%
EPS Next 2Y-11.71%
EPS Next 3Y-10.93%
EPS Next 5Y17.33%
Revenue Next Year34.99%
Revenue Next 2Y24.12%
Revenue Next 3Y19.72%
Revenue Next 5Y19.48%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AVIO.MI Yearly Revenue VS EstimatesAVIO.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200M 400M 600M 800M 1B
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 2029 2030 0.2 0.4 0.6 0.8 1

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1

4. AVIO.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 187.78, the valuation of AVIO can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of AVIO indicates a slightly more expensive valuation: AVIO is more expensive than 71.93% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.15. AVIO is valued rather expensively when compared to this.
  • Based on the Price/Forward Earnings ratio of 141.21, the valuation of AVIO can be described as expensive.
  • AVIO's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AVIO is more expensive than 78.95% of the companies in the same industry.
  • AVIO is valuated expensively when we compare the Price/Forward Earnings ratio to 24.27, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 187.78
Fwd PE 141.21
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

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AVIO indicates a slightly more expensive valuation: AVIO is more expensive than 70.18% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, AVIO is valued a bit cheaper than the industry average as 71.93% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 29.48
EV/EBITDA 63.95
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.
  • A cheap valuation may be justified as AVIO's earnings are expected to decrease with -10.93% in the coming years.
PEG (NY)55.1
PEG (5Y)N/A
EPS Next 2Y-11.71%
EPS Next 3Y-10.93%

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

1

5. AVIO.MI Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.44%, AVIO is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.76, AVIO has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, AVIO's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.44%

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.
DP63.08%
EPS Next 2Y-11.71%
EPS Next 3Y-10.93%
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

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AVIO.MI Fundamentals: All Metrics, Ratios and Statistics

AVIO SPA

BIT:AVIO (3/12/2026, 5:35:30 PM)

33.8

-3.25 (-8.77%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)10-27
Earnings (Next)03-12
Inst Owners29.31%
Inst Owner ChangeN/A
Ins Owners1.64%
Ins Owner ChangeN/A
Market Cap1.58B
Revenue(TTM)530.18M
Net Income(TTM)5.95M
Analysts83.64
Price Target42.32 (25.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.44%
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)0.73%
PT rev (3m)0.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)10.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.27%
Revenue NY rev (3m)-0.03%
Valuation
Industry RankSector Rank
PE 187.78
Fwd PE 141.21
P/S 2.98
P/FCF 29.48
P/OCF 17.16
P/B 5.09
P/tB 13.22
EV/EBITDA 63.95
EPS(TTM)0.18
EY0.53%
EPS(NY)0.24
Fwd EY0.71%
FCF(TTM)1.15
FCFY3.39%
OCF(TTM)1.97
OCFY5.83%
SpS11.33
BVpS6.64
TBVpS2.56
PEG (NY)55.1
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 1.84
F-Score4
WACC8.96%
ROIC/WACC0.16
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 Y3.41%
EPS Next 2Y-11.71%
EPS Next 3Y-10.93%
EPS Next 5Y17.33%
Revenue 1Y (TTM)33.69%
Revenue growth 3Y14.49%
Revenue growth 5Y4.2%
Sales Q2Q%23.63%
Revenue Next Year34.99%
Revenue Next 2Y24.12%
Revenue Next 3Y19.72%
Revenue Next 5Y19.48%
EBIT growth 1Y-9.29%
EBIT growth 3Y1.51%
EBIT growth 5Y-23.36%
EBIT Next Year273.38%
EBIT Next 3Y63.13%
EBIT Next 5Y49.97%
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 3.41% in the next year.