AVIO SPA (AVIO.MI) Stock Fundamental Analysis
BIT:AVIO - Euronext Milan - IT0005119810 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to AVIO. AVIO was compared to 43 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 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 had a positive 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
AVIO has a Return On Assets of 0.56%. This is in the lower half of the industry: AVIO underperforms 72.09% of its industry peers.
With a Return On Equity value of 2.01%, AVIO is not doing good in the industry: 67.44% of the companies in the same industry are doing better.
The Return On Invested Capital of AVIO (1.26%) is worse than 83.72% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AVIO is significantly below the industry average of 8.70%.
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
With a Profit Margin value of 1.27%, AVIO is not doing good in the industry: 72.09% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of AVIO has declined.
With a Operating Margin value of 1.27%, AVIO is not doing good in the industry: 83.72% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of AVIO has declined.
Looking at the Gross Margin, with a value of 71.34%, AVIO belongs to the top of the industry, outperforming 95.35% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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
AVIO has an Altman-Z score of 0.91. This is a bad value and indicates that AVIO is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.91, AVIO is doing worse than 86.05% of the companies in the same industry.
The Debt to FCF ratio of AVIO is 0.46, which is an excellent value as it means it would take AVIO, only 0.46 years of fcf income to pay off all of its debts.
AVIO has a Debt to FCF ratio of 0.46. This is amongst the best in the industry. AVIO outperforms 95.35% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that AVIO is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.02, AVIO belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.46 | ||
| Altman-Z | 0.91 |
ROIC/WACC0.15
WACC8.12%
2.3 Liquidity
A Current Ratio of 0.82 indicates that AVIO may have some problems paying its short term obligations.
AVIO has a worse Current ratio (0.82) than 93.02% of its industry peers.
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 95.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
AVIO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.18%.
Measured over the past years, AVIO shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -25.27% on average per year.
AVIO shows a strong growth in Revenue. In the last year, the Revenue has grown by 39.78%.
AVIO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.20% yearly.
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.
AVIO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.73% yearly.
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 5Y13.73%
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
AVIO is valuated quite expensively with a Price/Earnings ratio of 106.09.
69.77% of the companies in the same industry are cheaper than AVIO, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.30. AVIO is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 61.65, 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 79.07% of the companies in the same industry.
AVIO is valuated expensively when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 106.09 | ||
| Fwd PE | 61.65 |
4.2 Price Multiples
AVIO's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, AVIO is valued a bit cheaper than 74.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.62 | ||
| EV/EBITDA | 22.54 |
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)29.43
PEG (5Y)N/A
EPS Next 2Y26.84%
EPS Next 3Y28.01%
5. Dividend
5.1 Amount
AVIO has a yearly dividend return of 0.65%, which is pretty low.
Compared to an average industry Dividend Yield of 1.18, AVIO has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, AVIO's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
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
AVIO pays out 98.57% of its income as dividend. This is not a sustainable payout ratio.
DP98.57%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
BIT:AVIO (7/11/2025, 7:00:00 PM)
24.4
+0.85 (+3.61%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners22.32%
Inst Owner ChangeN/A
Ins Owners5.05%
Ins Owner ChangeN/A
Market Cap643.18M
Analysts80
Price Target20.53 (-15.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
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)3.74%
PT rev (3m)3.74%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-13.97%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 106.09 | ||
| Fwd PE | 61.65 | ||
| P/S | 1.34 | ||
| P/FCF | 25.62 | ||
| P/OCF | 10.67 | ||
| P/B | 2.12 | ||
| P/tB | 5.78 | ||
| EV/EBITDA | 22.54 |
EPS(TTM)0.23
EY0.94%
EPS(NY)0.4
Fwd EY1.62%
FCF(TTM)0.95
FCFY3.9%
OCF(TTM)2.29
OCFY9.37%
SpS18.23
BVpS11.49
TBVpS4.22
PEG (NY)29.43
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 | 0.91 |
F-Score5
WACC8.12%
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 5Y13.73%
EBIT growth 1Y121.58%
EBIT growth 3Y1.51%
EBIT growth 5Y-23.36%
EBIT Next Year236.51%
EBIT Next 3Y75%
EBIT Next 5Y51.01%
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%