ENAV SPA (ENAV.MI) Stock Fundamental Analysis
BIT:ENAV - Euronext Milan - IT0005176406 - Common Stock - Currency: EUR
ENAV gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Transportation Infrastructure industry. ENAV has an excellent financial health rating, but there are some minor concerns on its profitability. ENAV is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ENAV had positive earnings in the past year.
In the past year ENAV had a positive cash flow from operations.
ENAV had positive earnings in each of the past 5 years.
In multiple years ENAV reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of ENAV (7.53%) is better than 78.57% of its industry peers.
ENAV has a better Return On Equity (14.54%) than 78.57% of its industry peers.
ENAV's Return On Invested Capital of 9.55% is fine compared to the rest of the industry. ENAV outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.53% | ||
| ROE | 14.54% | ||
| ROIC | 9.55% |
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 12.02%, 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.
With a Operating Margin value of 18.42%, ENAV perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
ENAV's Operating Margin has been stable in the last couple of years.
The Gross Margin of ENAV (100.64%) is better than 92.86% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.42% | ||
| PM (TTM) | 12.02% | ||
| GM | 100.64% |
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
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.
2.2 Solvency
ENAV has an Altman-Z score of 2.78. This is not the best score and indicates that ENAV is in the grey zone with still only limited risk for bankruptcy at the moment.
ENAV's Altman-Z score of 2.78 is fine compared to the rest of the industry. ENAV outperforms 71.43% of its industry peers.
ENAV has a debt to FCF ratio of 3.71. This is a good value and a sign of high solvency as ENAV would need 3.71 years to pay back of all of its debts.
ENAV's Debt to FCF ratio of 3.71 is fine compared to the rest of the industry. ENAV outperforms 78.57% of its industry peers.
ENAV has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ENAV (0.46) is better than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.71 | ||
| Altman-Z | 2.78 |
ROIC/WACC1.15
WACC8.27%
2.3 Liquidity
ENAV has a Current Ratio of 2.45. This indicates that ENAV is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.45, ENAV is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
A Quick Ratio of 2.29 indicates that ENAV has no problem at all paying its short term obligations.
The Quick ratio of ENAV (2.29) is better than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 2.29 |
3. Growth
3.1 Past
ENAV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.00%, which is quite good.
Measured over the past 5 years, ENAV shows a small growth in Earnings Per Share. The EPS has been growing by 1.18% on average per year.
ENAV shows a small growth in Revenue. In the last year, the Revenue has grown by 2.17%.
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)15%
EPS 3Y17.06%
EPS 5Y1.18%
EPS Q2Q%-113.44%
Revenue 1Y (TTM)2.17%
Revenue growth 3Y7.77%
Revenue growth 5Y2.94%
Sales Q2Q%-10.7%
3.2 Future
ENAV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.95% yearly.
ENAV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.67% yearly.
EPS Next Y-30.89%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
EPS Next 5Y4.95%
Revenue Next Year0%
Revenue Next 2Y1.82%
Revenue Next 3Y2.21%
Revenue Next 5Y0.67%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.80, ENAV is valued correctly.
ENAV's Price/Earnings ratio is in line with the industry average.
ENAV is valuated rather cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.46 indicates a rather expensive valuation of ENAV.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENAV is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, ENAV is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.8 | ||
| Fwd PE | 20.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ENAV is valued a bit cheaper than 71.43% of the companies in the same industry.
64.29% of the companies in the same industry are more expensive than ENAV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.18 | ||
| EV/EBITDA | 5.75 |
4.3 Compensation for Growth
ENAV's earnings are expected to decrease with -3.13% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)14.27
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
5. Dividend
5.1 Amount
ENAV has a Yearly Dividend Yield of 7.22%, which is a nice return.
ENAV's Dividend Yield is a higher than the industry average which is at 6.03.
ENAV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.22% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
69.67% of the earnings are spent on dividend by ENAV. This is not a sustainable payout ratio.
DP69.67%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
BIT:ENAV (7/4/2025, 7:00:00 PM)
3.864
-0.01 (-0.36%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners19.49%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.09B
Analysts76.92
Price Target4.33 (12.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.22% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP69.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.66%
Min EPS beat(2)-23.11%
Max EPS beat(2)-12.2%
EPS beat(4)0
Avg EPS beat(4)-12.02%
Min EPS beat(4)-23.11%
Max EPS beat(4)-5.04%
EPS beat(8)1
Avg EPS beat(8)-6.88%
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)0
Avg Revenue beat(2)-1.97%
Min Revenue beat(2)-3.9%
Max Revenue beat(2)-0.05%
Revenue beat(4)1
Avg Revenue beat(4)-1.83%
Min Revenue beat(4)-4.06%
Max Revenue beat(4)0.69%
Revenue beat(8)3
Avg Revenue beat(8)-1.88%
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)-0.33%
PT rev (3m)-3.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-42.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-23.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.8 | ||
| Fwd PE | 20.46 | ||
| P/S | 1.41 | ||
| P/FCF | 13.18 | ||
| P/OCF | 7.53 | ||
| P/B | 1.7 | ||
| P/tB | 2.02 | ||
| EV/EBITDA | 5.75 |
EPS(TTM)0.23
EY5.95%
EPS(NY)0.19
Fwd EY4.89%
FCF(TTM)0.29
FCFY7.59%
OCF(TTM)0.51
OCFY13.28%
SpS2.74
BVpS2.27
TBVpS1.92
PEG (NY)N/A
PEG (5Y)14.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.53% | ||
| ROE | 14.54% | ||
| ROCE | 13.63% | ||
| ROIC | 9.55% | ||
| ROICexc | 11.61% | ||
| ROICexgc | 13.12% | ||
| OM | 18.42% | ||
| PM (TTM) | 12.02% | ||
| GM | 100.64% | ||
| FCFM | 10.69% |
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
ROICexcg growth 3YN/A
ROICexcg 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-Score6
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.71 | ||
| Debt/EBITDA | 1.4 | ||
| Cap/Depr | 90.3% | ||
| Cap/Sales | 8.01% | ||
| Interest Coverage | 11.72 | ||
| Cash Conversion | 68.53% | ||
| Profit Quality | 88.91% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 2.29 | ||
| Altman-Z | 2.78 |
F-Score6
WACC8.27%
ROIC/WACC1.15
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)15%
EPS 3Y17.06%
EPS 5Y1.18%
EPS Q2Q%-113.44%
EPS Next Y-30.89%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
EPS Next 5Y4.95%
Revenue 1Y (TTM)2.17%
Revenue growth 3Y7.77%
Revenue growth 5Y2.94%
Sales Q2Q%-10.7%
Revenue Next Year0%
Revenue Next 2Y1.82%
Revenue Next 3Y2.21%
Revenue Next 5Y0.67%
EBIT growth 1Y8.83%
EBIT growth 3Y23.96%
EBIT growth 5Y1.86%
EBIT Next Year24.45%
EBIT Next 3Y15.54%
EBIT Next 5Y11.61%
FCF growth 1Y58.62%
FCF growth 3YN/A
FCF growth 5Y-6.75%
OCF growth 1Y31.94%
OCF growth 3YN/A
OCF growth 5Y-4.05%