ENAV SPA (ENAV.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:ENAV - IT0005176406 - Common Stock
4.802 EUR
+0.04 (+0.92%)
Taking everything into account, ENAV scores 5 out of 10 in our fundamental rating. ENAV was compared to 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
- 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.
- 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
- ENAV's Return On Assets of 6.50% is fine compared to the rest of the industry. ENAV outperforms 78.57% of its industry peers.
- 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.
- Looking at the Return On Invested Capital, with a value of 10.90%, ENAV is in the better half of 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
- ENAV has a Profit Margin (10.09%) which is in line with its industry peers.
- ENAV's Profit Margin has declined in the last couple of years.
- ENAV has a Operating Margin (15.93%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of ENAV has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 100.84%, ENAV belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
- ENAV's Gross Margin has been stable in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ENAV is still 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 2.70 indicates that ENAV is not a great score, but indicates only limited risk for bankruptcy at the moment.
- ENAV's Altman-Z score of 2.70 is fine compared to the rest of the industry. ENAV outperforms 78.57% 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.
- 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.
- ENAV has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
- ENAV's Debt to Equity ratio of 0.19 is amongst the best of the industry. ENAV outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 3.18 | ||
| Altman-Z | 2.7 |
ROIC/WACC1.33
WACC8.19%
2.3 Liquidity
- A Current Ratio of 1.18 indicates that ENAV should not have too much problems paying its short term obligations.
- The Current ratio of ENAV (1.18) is comparable to the rest of the industry.
- A Quick Ratio of 1.10 indicates that ENAV should not have too much problems paying its short term obligations.
- ENAV has a Quick ratio (1.10) which is in line with 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%.
- 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 3.84%.
- 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
- ENAV is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.80% yearly.
- 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
- 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
- ENAV is valuated quite expensively with a Price/Earnings ratio of 28.25.
- ENAV's Price/Earnings ratio is in line with the industry average.
- ENAV is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.87, which is the current average of the S&P500 Index.
- ENAV is valuated quite expensively with a Price/Forward Earnings ratio of 25.47.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ENAV is on the same level as its industry peers.
- When comparing the Price/Forward Earnings ratio of ENAV to the average of the S&P500 Index (25.96), we can say ENAV is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.25 | ||
| Fwd PE | 25.47 |
4.2 Price Multiples
- ENAV's Enterprise Value to EBITDA is on the same level as the industry average.
- 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 | 14.06 | ||
| EV/EBITDA | 8.12 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)24
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 28.25 and the Price/Book (PB) ratio is 2.39.
Can you provide the financial health for ENAV stock?
The financial health rating of ENAV SPA (ENAV.MI) is 6 / 10.