AVIO SPA (AVIO.MI) Fundamental Analysis & Valuation

BIT:AVIO • IT0005119810

37.5 EUR
+3.2 (+9.33%)
Last: Mar 4, 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 49 industry peers in the Aerospace & Defense industry. The financial health of AVIO is average, but there are quite some concerns on its profitability. AVIO is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. AVIO.MI Profitability Analysis

1.1 Basic Checks

  • AVIO had positive earnings in the past year.
  • 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

  • AVIO has a Return On Assets of 0.55%. This is in the lower half of the industry: AVIO underperforms 75.51% of its industry peers.
  • Looking at the Return On Equity, with a value of 1.91%, AVIO is doing worse than 73.47% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 1.41%, AVIO is doing worse than 79.59% of the companies in the same industry.
  • AVIO had an Average Return On Invested Capital over the past 3 years of 0.66%. This is significantly below the industry average of 9.91%.
  • 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 Profit Margin of 1.12%. This is in the lower half of the industry: AVIO underperforms 75.51% of its industry peers.
  • In the last couple of years the Profit Margin of AVIO has declined.
  • AVIO's Operating Margin of 1.32% is on the low side compared to the rest of the industry. AVIO is outperformed by 81.63% of its industry peers.
  • AVIO's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 70.43%, AVIO belongs to the best of the industry, outperforming 93.88% of the companies in the same industry.
  • AVIO's Gross Margin has been stable in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AVIO is destroying value.
  • The number of shares outstanding for AVIO remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, AVIO has more shares outstanding
  • 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

  • Based on the Altman-Z score of 1.74, we must say that AVIO is in the distress zone and has some risk of bankruptcy.
  • AVIO's Altman-Z score of 1.74 is on the low side compared to the rest of the industry. AVIO is outperformed by 73.47% of its industry peers.
  • The Debt to FCF ratio of AVIO is 0.21, which is an excellent value as it means it would take AVIO, only 0.21 years of fcf income to pay off 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 97.96% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that AVIO is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.03, AVIO belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.21
Altman-Z 1.74
ROIC/WACC0.16
WACC9.1%
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

  • 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.
  • AVIO has a Current ratio of 0.83. This is amonst the worse of the industry: AVIO underperforms 85.71% 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.
  • With a Quick ratio value of 0.36, AVIO is not doing good in the industry: 89.80% of the companies in the same industry are doing better.
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.
  • AVIO shows a strong growth in Revenue. In the last year, 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

  • The Earnings Per Share is expected to grow by 16.90% on average over the next years. This is quite good.
  • Based on estimates for the next years, AVIO will show a quite strong growth in Revenue. The Revenue will grow by 19.04% on average per year.
EPS Next Y3.41%
EPS Next 2Y-12.34%
EPS Next 3Y-10.93%
EPS Next 5Y16.9%
Revenue Next Year34.99%
Revenue Next 2Y24.12%
Revenue Next 3Y19.72%
Revenue Next 5Y19.04%

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.
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

  • With a Price/Earnings ratio of 208.33, AVIO can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, AVIO is valued a bit more expensive than 73.47% of the companies in the same industry.
  • AVIO's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.83.
  • With a Price/Forward Earnings ratio of 158.93, AVIO can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, AVIO is valued a bit more expensive than the industry average as 77.55% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.95, AVIO is valued quite expensively.
Industry RankSector Rank
PE 208.33
Fwd PE 158.93
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

  • 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 73.47% of the companies listed in the same industry.
  • 77.55% 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 32.7
EV/EBITDA 58.99
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 AVIO does not grow enough to justify the current Price/Earnings ratio.
  • A cheap valuation may be justified as AVIO's earnings are expected to decrease with -10.93% in the coming years.
PEG (NY)61.13
PEG (5Y)N/A
EPS Next 2Y-12.34%
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 0.41%, AVIO is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.77, AVIO is paying slightly less dividend.
  • With a Dividend Yield of 0.41, AVIO pays less dividend than the S&P500 average, which is at 1.82.
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

  • AVIO pays out 63.08% of its income as dividend. This is not a sustainable payout ratio.
DP63.08%
EPS Next 2Y-12.34%
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 (3/4/2026, 5:35:15 PM)

37.5

+3.2 (+9.33%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)10-27
Earnings (Next)03-16
Inst Owners22.8%
Inst Owner ChangeN/A
Ins Owners1.64%
Ins Owner ChangeN/A
Market Cap1.75B
Revenue(TTM)530.18M
Net Income(TTM)5.95M
Analysts87.27
Price Target42.32 (12.85%)
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)1.72%
PT rev (3m)-0.44%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-11.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.27%
Revenue NY rev (3m)1.21%
Valuation
Industry RankSector Rank
PE 208.33
Fwd PE 158.93
P/S 3.31
P/FCF 32.7
P/OCF 19.03
P/B 5.65
P/tB 14.67
EV/EBITDA 58.99
EPS(TTM)0.18
EY0.48%
EPS(NY)0.24
Fwd EY0.63%
FCF(TTM)1.15
FCFY3.06%
OCF(TTM)1.97
OCFY5.25%
SpS11.33
BVpS6.64
TBVpS2.56
PEG (NY)61.13
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 1.74
F-Score4
WACC9.1%
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-12.34%
EPS Next 3Y-10.93%
EPS Next 5Y16.9%
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 5Y19.04%
EBIT growth 1Y-9.29%
EBIT growth 3Y1.51%
EBIT growth 5Y-23.36%
EBIT Next Year273.38%
EBIT Next 3Y63.13%
EBIT Next 5Y49.42%
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.