ENAV SPA (ENAV.MI) Stock Fundamental Analysis
BIT:ENAV - Euronext Milan - IT0005176406 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to ENAV. ENAV was compared to 10 industry peers in the Transportation Infrastructure industry. ENAV has only an average score on both its financial health and profitability. ENAV has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ENAV was profitable.
ENAV had a positive operating cash flow in the past year.
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
With an excellent Return On Assets value of 7.44%, ENAV belongs to the best of the industry, outperforming 88.89% 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 100.00% of the companies in the same industry.
ENAV has a Return On Invested Capital of 10.00%. This is amongst the best in the industry. ENAV outperforms 88.89% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
ENAV's Profit Margin of 11.71% is fine compared to the rest of the industry. ENAV outperforms 66.67% of its industry peers.
In the last couple of years the Profit Margin of ENAV has declined.
ENAV has a Operating Margin of 18.46%. This is comparable to the rest of the industry: ENAV outperforms 55.56% of its industry peers.
ENAV's Operating Margin has declined in the last couple of years.
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 Rank | Sector 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%
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.
2.2 Solvency
An Altman-Z score of 2.50 indicates that ENAV is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ENAV (2.50) is better than 77.78% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 4.51, ENAV is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.51 indicates that ENAV is somewhat dependend on debt financing.
ENAV has a Debt to Equity ratio of 0.51. This is in the better half of the industry: ENAV outperforms 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 4.51 | ||
| Altman-Z | 2.5 |
ROIC/WACC1.31
WACC7.66%
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.
ENAV's Current ratio of 1.83 is fine compared to the rest of the industry. ENAV outperforms 66.67% of its industry peers.
ENAV has a Quick Ratio of 1.68. 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 Quick ratio, with a value of 1.68, ENAV is in line with its industry, outperforming 55.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.68 |
3. Growth
3.1 Past
ENAV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.44%, which is quite impressive.
ENAV shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.26% yearly.
The Revenue has been growing slightly by 5.97% in the past year.
The Revenue has been growing slightly by 2.67% on average over the past years.
EPS 1Y (TTM)26.44%
EPS 3Y27.58%
EPS 5Y-0.26%
EPS Q2Q%0%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y9.39%
Revenue growth 5Y2.67%
Sales Q2Q%1.82%
3.2 Future
The Earnings Per Share is expected to grow by 6.85% on average over the next years.
Based on estimates for the next years, ENAV will show a small growth in Revenue. The Revenue will grow by 2.19% on average per year.
EPS Next Y18.76%
EPS Next 2Y5.55%
EPS Next 3Y6.85%
EPS Next 5YN/A
Revenue Next Year6.18%
Revenue Next 2Y4.77%
Revenue Next 3Y4.12%
Revenue Next 5Y2.19%
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
ENAV is valuated correctly with a Price/Earnings ratio of 15.90.
Based on the Price/Earnings ratio, ENAV is valued a bit cheaper than 66.67% of the companies in the same industry.
ENAV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
A Price/Forward Earnings ratio of 15.70 indicates a correct valuation of ENAV.
ENAV's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ENAV is more expensive than 66.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ENAV to the average of the S&P500 Index (22.10), we can say ENAV is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.9 | ||
| Fwd PE | 15.7 |
4.2 Price Multiples
77.78% of the companies in the same industry are more expensive than ENAV, based on the Enterprise Value to EBITDA ratio.
ENAV's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.26 | ||
| EV/EBITDA | 5.75 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ENAV has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.85
PEG (5Y)N/A
EPS Next 2Y5.55%
EPS Next 3Y6.85%
5. Dividend
5.1 Amount
ENAV has a Yearly Dividend Yield of 6.65%, which is a nice return.
Compared to an average industry Dividend Yield of 5.42, ENAV pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, ENAV pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.65% |
5.2 History
The dividend of ENAV decreases each year by -9.32%.
Dividend Growth(5Y)-9.32%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
134.38% of the earnings are spent on dividend by ENAV. This is not a sustainable payout ratio.
DP134.38%
EPS Next 2Y5.55%
EPS Next 3Y6.85%
BIT:ENAV (3/7/2025, 7:00:00 PM)
3.498
+0.04 (+1.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners20.53%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.90B
Analysts76.92
Price Target4.47 (27.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.65% |
Yearly Dividend0.11
Dividend Growth(5Y)-9.32%
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)-8.41%
PT rev (3m)-8.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-1.95%
EPS NY rev (3m)-0.97%
Revenue NQ rev (1m)-2.76%
Revenue NQ rev (3m)-2.76%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.9 | ||
| Fwd PE | 15.7 | ||
| P/S | 1.29 | ||
| P/FCF | 14.26 | ||
| P/OCF | 7.64 | ||
| P/B | 1.69 | ||
| P/tB | 2.03 | ||
| EV/EBITDA | 5.75 |
EPS(TTM)0.22
EY6.29%
EPS(NY)0.22
Fwd EY6.37%
FCF(TTM)0.25
FCFY7.01%
OCF(TTM)0.46
OCFY13.08%
SpS2.71
BVpS2.07
TBVpS1.72
PEG (NY)0.85
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.5 |
F-Score7
WACC7.66%
ROIC/WACC1.31
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)26.44%
EPS 3Y27.58%
EPS 5Y-0.26%
EPS Q2Q%0%
EPS Next Y18.76%
EPS Next 2Y5.55%
EPS Next 3Y6.85%
EPS Next 5YN/A
Revenue 1Y (TTM)5.97%
Revenue growth 3Y9.39%
Revenue growth 5Y2.67%
Sales Q2Q%1.82%
Revenue Next Year6.18%
Revenue Next 2Y4.77%
Revenue Next 3Y4.12%
Revenue Next 5Y2.19%
EBIT growth 1Y24.68%
EBIT growth 3Y31.87%
EBIT growth 5Y0.89%
EBIT Next Year86.04%
EBIT Next 3Y25.82%
EBIT Next 5Y17.31%
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%