ENAV SPA (ENAV.MI) Fundamental Analysis & Valuation

BIT:ENAV • IT0005176406

5.095 EUR
-0.03 (-0.49%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ENAV. ENAV was compared to 12 industry peers in the Transportation Infrastructure industry. Both the profitability and the financial health of ENAV get a neutral evaluation. Nothing too spectacular is happening here. ENAV is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. ENAV.MI Profitability Analysis

1.1 Basic Checks

  • ENAV had positive earnings in the past year.
  • In the past year ENAV had a positive cash flow from operations.
  • Each year in the past 5 years ENAV has been profitable.
  • In multiple years ENAV reported negative operating cash flow during the last 5 years.
ENAV.MI Yearly Net Income VS EBIT VS OCF VS FCFENAV.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 200M -200M

1.2 Ratios

  • ENAV has a Return On Assets of 6.50%. This is in the better half of the industry: ENAV outperforms 75.00% of its industry peers.
  • ENAV has a Return On Equity of 13.55%. This is in the better half of the industry: ENAV outperforms 75.00% of its industry peers.
  • ENAV's Return On Invested Capital of 10.90% is amongst the best of the industry. ENAV outperforms 83.33% of its industry peers.
Industry RankSector Rank
ROA 6.5%
ROE 13.55%
ROIC 10.9%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ENAV.MI Yearly ROA, ROE, ROICENAV.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 10.09%, ENAV is in line with its industry, outperforming 58.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ENAV has declined.
  • Looking at the Operating Margin, with a value of 15.93%, ENAV is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ENAV has remained more or less at the same level.
  • ENAV's Gross Margin of 100.84% is amongst the best of the industry. ENAV outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of ENAV has remained more or less at the same level.
Industry RankSector Rank
OM 15.93%
PM (TTM) 10.09%
GM 100.84%
OM growth 3Y15.02%
OM growth 5Y-1.05%
PM growth 3Y8.65%
PM growth 5Y-1.67%
GM growth 3Y-0.19%
GM growth 5Y-0.17%
ENAV.MI Yearly Profit, Operating, Gross MarginsENAV.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. ENAV.MI Health Analysis

2.1 Basic Checks

  • ENAV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • There is no outstanding debt for ENAV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ENAV.MI Yearly Shares OutstandingENAV.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M 500M
ENAV.MI Yearly Total Debt VS Total AssetsENAV.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 2.80 indicates that ENAV is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ENAV has a Altman-Z score of 2.80. This is in the better half of the industry: ENAV outperforms 75.00% of its industry peers.
  • ENAV has a debt to FCF ratio of 3.18. This is a good value and a sign of high solvency as ENAV would need 3.18 years to pay back of all of its debts.
  • ENAV has a Debt to FCF ratio of 3.18. This is amongst the best in the industry. ENAV outperforms 91.67% of its industry peers.
  • A Debt/Equity ratio of 0.19 indicates that ENAV is not too dependend on debt financing.
  • ENAV's Debt to Equity ratio of 0.19 is amongst the best of the industry. ENAV outperforms 91.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 3.18
Altman-Z 2.8
ROIC/WACC1.34
WACC8.13%
ENAV.MI Yearly LT Debt VS Equity VS FCFENAV.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • ENAV has a Current Ratio of 1.18. This is a normal value and indicates that ENAV is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.18, ENAV is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • A Quick Ratio of 1.10 indicates that ENAV should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.10, ENAV perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 1.1
ENAV.MI Yearly Current Assets VS Current LiabilitesENAV.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M

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

4

3. ENAV.MI Growth Analysis

3.1 Past

  • The earnings per share for ENAV have decreased strongly by -22.73% in the last year.
  • The Earnings Per Share has been growing slightly by 1.18% on average over the past years.
  • Looking at the last year, ENAV shows a small growth in Revenue. The Revenue has grown by 3.84% in the last year.
  • Measured over the past years, ENAV shows a small growth in Revenue. The Revenue has been growing by 2.94% on average per year.
EPS 1Y (TTM)-22.73%
EPS 3Y17.06%
EPS 5Y1.18%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)3.84%
Revenue growth 3Y7.77%
Revenue growth 5Y2.94%
Sales Q2Q%-5.05%

3.2 Future

  • Based on estimates for the next years, ENAV will show a small growth in Earnings Per Share. The EPS will grow by 5.80% on average per year.
  • The Revenue is expected to grow by 2.93% on average over the next years.
EPS Next Y-32.09%
EPS Next 2Y-9.46%
EPS Next 3Y-1.79%
EPS Next 5Y5.8%
Revenue Next Year-2.45%
Revenue Next 2Y1.78%
Revenue Next 3Y2.09%
Revenue Next 5Y2.93%

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 stable.
ENAV.MI Yearly Revenue VS EstimatesENAV.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
ENAV.MI Yearly EPS VS EstimatesENAV.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.05 0.1 0.15 0.2 0.25

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2

4. ENAV.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 29.97, which means the current valuation is very expensive for ENAV.
  • Based on the Price/Earnings ratio, ENAV is valued a bit more expensive than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. ENAV is around the same levels.
  • ENAV is valuated quite expensively with a Price/Forward Earnings ratio of 27.02.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ENAV.
  • When comparing the Price/Forward Earnings ratio of ENAV to the average of the S&P500 Index (24.57), we can say ENAV is valued inline with the index average.
Industry RankSector Rank
PE 29.97
Fwd PE 27.02
ENAV.MI Price Earnings VS Forward Price EarningsENAV.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENAV.
  • Based on the Price/Free Cash Flow ratio, ENAV is valued a bit cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.92
EV/EBITDA 8.67
ENAV.MI Per share dataENAV.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)25.47
EPS Next 2Y-9.46%
EPS Next 3Y-1.79%

More info and screens

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

4

5. ENAV.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.03%, ENAV is a good candidate for dividend investing.
  • ENAV's Dividend Yield is a higher than the industry average which is at 5.38.
  • Compared to an average S&P500 Dividend Yield of 1.82, ENAV pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.03%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • ENAV pays out 99.30% of its income as dividend. This is not a sustainable payout ratio.
DP99.3%
EPS Next 2Y-9.46%
EPS Next 3Y-1.79%
ENAV.MI Yearly Income VS Free CF VS DividendENAV.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M
ENAV.MI Dividend Payout.ENAV.MI Dividend Payout, showing the Payout Ratio.ENAV.MI Dividend Payout.PayoutRetained Earnings

More info and screens

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ENAV.MI Fundamentals: All Metrics, Ratios and Statistics

ENAV SPA

BIT:ENAV (3/6/2026, 7:00:00 PM)

5.095

-0.03 (-0.49%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)11-12
Earnings (Next)03-23
Inst Owners20.13%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.76B
Revenue(TTM)999.75M
Net Income(TTM)147.20M
Analysts76.92
Price Target4.84 (-5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.03%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP99.3%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.19%
Min EPS beat(2)-23.61%
Max EPS beat(2)9.22%
EPS beat(4)1
Avg EPS beat(4)-12.42%
Min EPS beat(4)-23.61%
Max EPS beat(4)9.22%
EPS beat(8)2
Avg EPS beat(8)-4.94%
EPS beat(12)2
Avg EPS beat(12)-9.07%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.53%
Min Revenue beat(2)-5.55%
Max Revenue beat(2)2.49%
Revenue beat(4)1
Avg Revenue beat(4)-1.75%
Min Revenue beat(4)-5.55%
Max Revenue beat(4)2.49%
Revenue beat(8)2
Avg Revenue beat(8)-2.65%
Revenue beat(12)5
Avg Revenue beat(12)7.44%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.31%
PT rev (3m)2.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.77%
Valuation
Industry RankSector Rank
PE 29.97
Fwd PE 27.02
P/S 1.89
P/FCF 14.92
P/OCF 8.98
P/B 2.54
P/tB 3.08
EV/EBITDA 8.67
EPS(TTM)0.17
EY3.34%
EPS(NY)0.19
Fwd EY3.7%
FCF(TTM)0.34
FCFY6.7%
OCF(TTM)0.57
OCFY11.13%
SpS2.69
BVpS2.01
TBVpS1.66
PEG (NY)N/A
PEG (5Y)25.47
Graham Number2.77
Profitability
Industry RankSector Rank
ROA 6.5%
ROE 13.55%
ROCE 15.56%
ROIC 10.9%
ROICexc 13.13%
ROICexgc 15.5%
OM 15.93%
PM (TTM) 10.09%
GM 100.84%
FCFM 12.68%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y15.02%
OM growth 5Y-1.05%
PM growth 3Y8.65%
PM growth 5Y-1.67%
GM growth 3Y-0.19%
GM growth 5Y-0.17%
F-Score5
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 3.18
Debt/EBITDA 0.58
Cap/Depr 96.92%
Cap/Sales 8.39%
Interest Coverage 10.53
Cash Conversion 85.71%
Profit Quality 125.65%
Current Ratio 1.18
Quick Ratio 1.1
Altman-Z 2.8
F-Score5
WACC8.13%
ROIC/WACC1.34
Cap/Depr(3y)84.55%
Cap/Depr(5y)77.23%
Cap/Sales(3y)11.39%
Cap/Sales(5y)11.47%
Profit Quality(3y)115.81%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-22.73%
EPS 3Y17.06%
EPS 5Y1.18%
EPS Q2Q%-16.67%
EPS Next Y-32.09%
EPS Next 2Y-9.46%
EPS Next 3Y-1.79%
EPS Next 5Y5.8%
Revenue 1Y (TTM)3.84%
Revenue growth 3Y7.77%
Revenue growth 5Y2.94%
Sales Q2Q%-5.05%
Revenue Next Year-2.45%
Revenue Next 2Y1.78%
Revenue Next 3Y2.09%
Revenue Next 5Y2.93%
EBIT growth 1Y-14.23%
EBIT growth 3Y23.96%
EBIT growth 5Y1.86%
EBIT Next Year34.42%
EBIT Next 3Y16.98%
EBIT Next 5Y12.96%
FCF growth 1Y20.42%
FCF growth 3YN/A
FCF growth 5Y-6.75%
OCF growth 1Y22.84%
OCF growth 3YN/A
OCF growth 5Y-4.05%

ENAV SPA / ENAV.MI FAQ

Can you provide the ChartMill fundamental rating for ENAV SPA?

ChartMill assigns a fundamental rating of 5 / 10 to ENAV.MI.


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

ChartMill assigns a valuation rating of 2 / 10 to ENAV SPA (ENAV.MI). This can be considered as Overvalued.


Can you provide the profitability details for ENAV SPA?

ENAV SPA (ENAV.MI) has a profitability rating of 5 / 10.


What are the PE and PB ratios of ENAV SPA (ENAV.MI) stock?

The Price/Earnings (PE) ratio for ENAV SPA (ENAV.MI) is 29.97 and the Price/Book (PB) ratio is 2.54.


Can you provide the financial health for ENAV stock?

The financial health rating of ENAV SPA (ENAV.MI) is 6 / 10.