AVIO SPA (AVIO.MI) Stock Fundamental Analysis
BIT:AVIO - Euronext Milan - IT0005119810 - Common Stock - Currency: EUR
Overall AVIO gets a fundamental rating of 4 out of 10. We evaluated AVIO against 41 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.
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.
1.2 Ratios
AVIO has a worse Return On Assets (0.56%) than 62.50% of its industry peers.
AVIO has a worse Return On Equity (2.01%) than 60.00% of its industry peers.
With a Return On Invested Capital value of 1.26%, AVIO is not doing good in the industry: 77.50% 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 8.87%.
The 3 year average ROIC (0.66%) for AVIO is below the current ROIC(1.26%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 2.01% | ||
| ROIC | 1.26% |
ROA(3y)0.38%
ROA(5y)0.62%
ROE(3y)1.34%
ROE(5y)2.3%
ROIC(3y)0.66%
ROIC(5y)0.97%
1.3 Margins
AVIO has a Profit Margin of 1.27%. This is in the lower half of the industry: AVIO underperforms 60.00% of its industry peers.
AVIO's Profit Margin has declined in the last couple of years.
AVIO has a worse Operating Margin (1.27%) than 77.50% of its industry peers.
AVIO's Operating Margin has declined in the last couple of years.
The Gross Margin of AVIO (71.34%) is better than 95.00% of its industry peers.
AVIO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.27% | ||
| PM (TTM) | 1.27% | ||
| GM | 71.34% |
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%
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.
AVIO has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, AVIO has less shares outstanding
Compared to 1 year ago, AVIO has an improved debt to assets ratio.
2.2 Solvency
AVIO has an Altman-Z score of 0.82. This is a bad value and indicates that AVIO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AVIO (0.82) is worse than 80.00% of its industry peers.
AVIO has a debt to FCF ratio of 0.46. This is a very positive value and a sign of high solvency as it would only need 0.46 years to pay back of all of its debts.
AVIO's Debt to FCF ratio of 0.46 is amongst the best of the industry. AVIO outperforms 95.00% of its industry peers.
AVIO has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of AVIO (0.02) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.46 | ||
| Altman-Z | 0.82 |
ROIC/WACC0.15
WACC8.33%
2.3 Liquidity
AVIO has a Current Ratio of 0.82. 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 Current ratio, with a value of 0.82, AVIO is doing worse than 87.50% of the companies in the same industry.
AVIO has a Quick Ratio of 0.82. 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's Quick ratio of 0.18 is on the low side compared to the rest of the industry. AVIO is outperformed by 92.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
The earnings per share for AVIO have decreased by -6.18% in the last year.
The earnings per share for AVIO have been decreasing by -25.27% on average. This is quite bad
The Revenue has grown by 39.78% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 4.20% on average over the past years.
EPS 1Y (TTM)-6.18%
EPS 3Y-10.47%
EPS 5Y-25.27%
EPS Q2Q%-35.96%
Revenue 1Y (TTM)39.78%
Revenue growth 3Y14.49%
Revenue growth 5Y4.2%
Sales Q2Q%45.08%
3.2 Future
AVIO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.01% yearly.
Based on estimates for the next years, AVIO will show a quite strong growth in Revenue. The Revenue will grow by 8.04% on average per year.
EPS Next Y3.6%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
EPS Next 5YN/A
Revenue Next Year23.29%
Revenue Next 2Y18.32%
Revenue Next 3Y13.58%
Revenue Next 5Y8.04%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 82.61, the valuation of AVIO can be described as expensive.
AVIO's Price/Earnings ratio is a bit more expensive when compared to the industry. AVIO is more expensive than 65.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.78. AVIO is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 48.01 indicates a quite expensive valuation of AVIO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVIO indicates a rather expensive valuation: AVIO more expensive than 80.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.32. AVIO is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.61 | ||
| Fwd PE | 48.01 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AVIO.
87.50% of the companies in the same industry are more expensive than AVIO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.95 | ||
| EV/EBITDA | 17.44 |
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 grow with 28.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)22.92
PEG (5Y)N/A
EPS Next 2Y26.84%
EPS Next 3Y28.01%
5. Dividend
5.1 Amount
With a yearly dividend of 0.80%, AVIO is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.41, AVIO has a dividend in line with its industry peers.
With a Dividend Yield of 0.80, AVIO pays less dividend than the S&P500 average, which is at 2.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
5.2 History
The dividend of AVIO decreases each year by -8.97%.
Dividend Growth(5Y)-8.97%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
98.57% of the earnings are spent on dividend by AVIO. This is not a sustainable payout ratio.
DP98.57%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
BIT:AVIO (4/25/2025, 7:00:00 PM)
19
+0.46 (+2.48%)
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 Cap500.84M
Analysts78
Price Target19.79 (4.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
Yearly Dividend0.24
Dividend Growth(5Y)-8.97%
DP98.57%
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)20.5%
PT rev (3m)37.1%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-13.97%
EPS NY rev (3m)-35.44%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)10.56%
Revenue NY rev (3m)8.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.61 | ||
| Fwd PE | 48.01 | ||
| P/S | 1.04 | ||
| P/FCF | 19.95 | ||
| P/OCF | 8.31 | ||
| P/B | 1.65 | ||
| P/tB | 4.5 | ||
| EV/EBITDA | 17.44 |
EPS(TTM)0.23
EY1.21%
EPS(NY)0.4
Fwd EY2.08%
FCF(TTM)0.95
FCFY5.01%
OCF(TTM)2.29
OCFY12.03%
SpS18.23
BVpS11.49
TBVpS4.22
PEG (NY)22.92
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 2.01% | ||
| ROCE | 1.68% | ||
| ROIC | 1.26% | ||
| ROICexc | 1.74% | ||
| ROICexgc | 6.45% | ||
| OM | 1.27% | ||
| PM (TTM) | 1.27% | ||
| GM | 71.34% | ||
| FCFM | 5.23% |
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%
ROICexcg growth 3Y42.71%
ROICexcg 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-Score5
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.46 | ||
| Debt/EBITDA | 0.28 | ||
| Cap/Depr | 201.66% | ||
| Cap/Sales | 7.32% | ||
| Interest Coverage | 14.17 | ||
| Cash Conversion | 255.95% | ||
| Profit Quality | 412.38% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 0.82 |
F-Score5
WACC8.33%
ROIC/WACC0.15
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)-6.18%
EPS 3Y-10.47%
EPS 5Y-25.27%
EPS Q2Q%-35.96%
EPS Next Y3.6%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
EPS Next 5YN/A
Revenue 1Y (TTM)39.78%
Revenue growth 3Y14.49%
Revenue growth 5Y4.2%
Sales Q2Q%45.08%
Revenue Next Year23.29%
Revenue Next 2Y18.32%
Revenue Next 3Y13.58%
Revenue Next 5Y8.04%
EBIT growth 1Y121.58%
EBIT growth 3Y1.51%
EBIT growth 5Y-23.36%
EBIT Next Year236.51%
EBIT Next 3Y75%
EBIT Next 5Y60.85%
FCF growth 1Y309.03%
FCF growth 3Y49.31%
FCF growth 5Y-6.88%
OCF growth 1Y41.86%
OCF growth 3Y13.46%
OCF growth 5Y-1.69%