Logo image of ENAV.MI

ENAV SPA (ENAV.MI) Stock Fundamental Analysis

BIT:ENAV - Euronext Milan - IT0005176406 - Common Stock - Currency: EUR

3.814  +0.05 (+1.33%)

Fundamental Rating

5

Taking everything into account, ENAV scores 5 out of 10 in our fundamental rating. ENAV was compared to 11 industry peers in the Transportation Infrastructure industry. ENAV has only an average score on both its financial health and profitability. ENAV is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

6

1. Profitability

1.1 Basic Checks

ENAV had positive earnings in the past year.
ENAV had a positive operating cash flow in the past year.
Of the past 5 years ENAV 4 years were 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M

1.2 Ratios

With an excellent Return On Assets value of 7.44%, ENAV belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.34%, ENAV belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.00%, ENAV belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
Industry RankSector Rank
ROA 7.44%
ROE 15.34%
ROIC 10%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

ENAV's Profit Margin of 11.71% is fine compared to the rest of the industry. ENAV outperforms 63.64% of its industry peers.
ENAV's Profit Margin has declined in the last couple of years.
The Operating Margin of ENAV (18.46%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ENAV has declined.
Looking at the Gross Margin, with a value of 101.70%, ENAV belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
ENAV's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.46%
PM (TTM) 11.71%
GM 101.7%
OM growth 3Y20.55%
OM growth 5Y-1.74%
PM growth 3Y16.7%
PM growth 5Y-2.85%
GM growth 3Y-0.19%
GM growth 5Y-0.08%
ENAV.MI Yearly Profit, Operating, Gross MarginsENAV.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80 100

More info and screens

6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ENAV is still 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 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M
ENAV.MI Yearly Total Debt VS Total AssetsENAV.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 2.58 indicates that ENAV is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.58, ENAV is doing good in the industry, outperforming 72.73% of the companies in the same industry.
The Debt to FCF ratio of ENAV is 4.51, which is a neutral value as it means it would take ENAV, 4.51 years of fcf income to pay off all of its debts.
ENAV has a better Debt to FCF ratio (4.51) than 81.82% of its industry peers.
ENAV has a Debt/Equity ratio of 0.51. This is a neutral value indicating ENAV is somewhat dependend on debt financing.
ENAV has a better Debt to Equity ratio (0.51) than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 4.51
Altman-Z 2.58
ROIC/WACC1.27
WACC7.88%
ENAV.MI Yearly LT Debt VS Equity VS FCFENAV.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

ENAV has a Current Ratio of 1.83. This is a normal value and indicates that ENAV is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.83, ENAV is doing good in the industry, outperforming 72.73% of the companies in the same industry.
A Quick Ratio of 1.68 indicates that ENAV should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.68, ENAV is doing good in the industry, outperforming 72.73% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.83
Quick Ratio 1.68
ENAV.MI Yearly Current Assets VS Current LiabilitesENAV.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M

More info and screens

1

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.
EPS 1Y (TTM)15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.59%

3.2 Future

Based on estimates for the next years, ENAV will show a decrease in Earnings Per Share. The EPS will decrease by -3.13% on average per year.
The Revenue is expected to grow by 0.59% on average over the next years.
EPS Next Y-30.89%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
EPS Next 5YN/A
Revenue Next Year3.38%
Revenue Next 2Y3.1%
Revenue Next 3Y0.9%
Revenue Next 5Y0.59%

3.3 Evolution

ENAV.MI Yearly Revenue VS EstimatesENAV.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 0.05 0.1 0.15 0.2

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 16.58, the valuation of ENAV can be described as correct.
ENAV's Price/Earnings ratio is in line with the industry average.
ENAV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.63.
Based on the Price/Forward Earnings ratio of 24.00, the valuation of ENAV can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as ENAV.
ENAV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.85, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.58
Fwd PE 24
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENAV is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENAV indicates a somewhat cheap valuation: ENAV is cheaper than 63.64% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.55
EV/EBITDA 6.11
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

The decent profitability rating of ENAV may justify a higher PE ratio.
A cheap valuation may be justified as ENAV's earnings are expected to decrease with -3.13% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%

More info and screens

4

5. Dividend

5.1 Amount

ENAV has a Yearly Dividend Yield of 7.44%, which is a nice return.
Compared to an average industry Dividend Yield of 5.58, ENAV pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.51, ENAV pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.44%

5.2 History

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

5.3 Sustainability

ENAV pays out 134.38% of its income as dividend. This is not a sustainable payout ratio.
DP134.38%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
ENAV.MI Yearly Income VS Free CF VS DividendENAV.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 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

ENAV SPA

BIT:ENAV (4/22/2025, 5:35:15 PM)

3.814

+0.05 (+1.33%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)04-17 2025-04-17/amc
Earnings (Next)05-14 2025-05-14
Inst Owners20.53%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.07B
Analysts78.33
Price Target4.47 (17.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.44%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP134.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.38%
Min EPS beat(2)-7.73%
Max EPS beat(2)-5.04%
EPS beat(4)1
Avg EPS beat(4)2.54%
Min EPS beat(4)-7.73%
Max EPS beat(4)25.69%
EPS beat(8)1
Avg EPS beat(8)-7.39%
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)1
Avg Revenue beat(2)-1.69%
Min Revenue beat(2)-4.06%
Max Revenue beat(2)0.69%
Revenue beat(4)1
Avg Revenue beat(4)-3.56%
Min Revenue beat(4)-8.07%
Max Revenue beat(4)0.69%
Revenue beat(8)4
Avg Revenue beat(8)12.04%
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%
PT rev (3m)-8.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-1.87%
EPS NY rev (3m)-2.82%
Revenue NQ rev (1m)-2.76%
Revenue NQ rev (3m)-2.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE 16.58
Fwd PE 24
P/S 1.41
P/FCF 15.55
P/OCF 8.33
P/B 1.84
P/tB 2.21
EV/EBITDA 6.11
EPS(TTM)0.23
EY6.03%
EPS(NY)0.16
Fwd EY4.17%
FCF(TTM)0.25
FCFY6.43%
OCF(TTM)0.46
OCFY12%
SpS2.71
BVpS2.07
TBVpS1.72
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.44%
ROE 15.34%
ROCE 14.23%
ROIC 10%
ROICexc 11.17%
ROICexgc 12.54%
OM 18.46%
PM (TTM) 11.71%
GM 101.7%
FCFM 9.06%
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 3Y20.55%
OM growth 5Y-1.74%
PM growth 3Y16.7%
PM growth 5Y-2.85%
GM growth 3Y-0.19%
GM growth 5Y-0.08%
F-Score7
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 4.51
Debt/EBITDA 1.44
Cap/Depr 89.79%
Cap/Sales 7.84%
Interest Coverage 250
Cash Conversion 62.13%
Profit Quality 77.32%
Current Ratio 1.83
Quick Ratio 1.68
Altman-Z 2.58
F-Score7
WACC7.88%
ROIC/WACC1.27
Cap/Depr(3y)76.54%
Cap/Depr(5y)75.85%
Cap/Sales(3y)10.99%
Cap/Sales(5y)11.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y-30.89%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.59%
Revenue Next Year3.38%
Revenue Next 2Y3.1%
Revenue Next 3Y0.9%
Revenue Next 5Y0.59%
EBIT growth 1Y24.68%
EBIT growth 3Y31.87%
EBIT growth 5Y0.89%
EBIT Next Year83.48%
EBIT Next 3Y18.14%
EBIT Next 5Y12.63%
FCF growth 1Y239.27%
FCF growth 3YN/A
FCF growth 5Y-12.12%
OCF growth 1Y2948.67%
OCF growth 3YN/A
OCF growth 5Y-7.32%