ENAV SPA (ENAV.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ENAV - IT0005176406 - Common Stock
4.758 EUR
-0.03 (-0.59%)
ENAV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 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. While showing a medium growth rate, ENAV is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year ENAV was profitable.
- In the past year ENAV had a positive cash flow from operations.
- Each year in the past 5 years ENAV has been profitable.
- The reported operating cash flow has been mixed in the past 5 years: ENAV reported negative operating cash flow in multiple years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.50%, ENAV is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 13.55%, ENAV is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
- With a decent Return On Invested Capital value of 10.90%, ENAV is doing good in the industry, outperforming 78.57% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
- With a Profit Margin value of 10.09%, ENAV perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
- ENAV's Profit Margin has declined in the last couple of years.
- The Operating Margin of ENAV (15.93%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of ENAV has remained more or less at the same level.
- With an excellent Gross Margin value of 100.84%, ENAV belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
- In the last couple of years the Gross Margin of ENAV has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENAV is creating some value.
- ENAV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- An Altman-Z score of 2.71 indicates that ENAV is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of ENAV (2.71) is better than 78.57% of its industry peers.
- The Debt to FCF ratio of ENAV is 3.18, which is a good value as it means it would take ENAV, 3.18 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 3.18, ENAV belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
- A Debt/Equity ratio of 0.19 indicates that ENAV is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.19, ENAV belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 3.18 | ||
| Altman-Z | 2.71 |
ROIC/WACC1.33
WACC8.19%
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.
- ENAV's Current ratio of 1.18 is in line compared to the rest of the industry. ENAV outperforms 50.00% of its industry peers.
- ENAV has a Quick Ratio of 1.10. This is a normal value and indicates that ENAV is financially healthy and should not expect problems in meeting its short term obligations.
- ENAV's Quick ratio of 1.10 is in line compared to the rest of the industry. ENAV outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- ENAV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.73%.
- The Earnings Per Share has been growing slightly by 1.18% on average over the past years.
- The Revenue has been growing slightly by 3.84% in the past year.
- The Revenue has been growing slightly by 2.94% on average over the past years.
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.
- ENAV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.93% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 27.99, which means the current valuation is very expensive for ENAV.
- ENAV's Price/Earnings is on the same level as the industry average.
- ENAV's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.25.
- A Price/Forward Earnings ratio of 25.23 indicates a quite expensive valuation of ENAV.
- ENAV's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of ENAV to the average of the S&P500 Index (25.98), we can say ENAV is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.99 | ||
| Fwd PE | 25.23 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENAV is on the same level as its industry peers.
- ENAV's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ENAV is cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.94 | ||
| EV/EBITDA | 8.16 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)23.78
EPS Next 2Y-9.46%
EPS Next 3Y-1.79%
5. Dividend
5.1 Amount
- ENAV has a Yearly Dividend Yield of 5.86%, which is a nice return.
- ENAV's Dividend Yield is a higher than the industry average which is at 4.85.
- ENAV's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.86% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 99.30% of the earnings are spent on dividend by ENAV. This is not a sustainable payout ratio.
DP99.3%
EPS Next 2Y-9.46%
EPS Next 3Y-1.79%
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 27.99 and the Price/Book (PB) ratio is 2.37.
Can you provide the financial health for ENAV stock?
The financial health rating of ENAV SPA (ENAV.MI) is 6 / 10.