LEONARDO SPA (LDO.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:LDO - IT0003856405 - Common Stock
58.68 EUR
-0.88 (-1.48%)
LDO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 54 industry peers in the Aerospace & Defense industry. LDO has a medium profitability rating, but doesn't score so well on its financial health evaluation. LDO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year LDO was profitable.
- Each year in the past 5 years LDO has been profitable.
- In the past 5 years LDO always reported a positive cash flow from operatings.
1.2 Ratios
- LDO has a better Return On Assets (4.86%) than 66.67% of its industry peers.
- LDO's Return On Equity of 17.66% is fine compared to the rest of the industry. LDO outperforms 66.67% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 11.75%, LDO belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for LDO is below the industry average of 9.17%.
- The 3 year average ROIC (6.61%) for LDO is below the current ROIC(11.75%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 17.66% | ||
| ROIC | 11.75% |
ROA(3y)2.86%
ROA(5y)2.31%
ROE(3y)11.1%
ROE(5y)9.4%
ROIC(3y)6.61%
ROIC(5y)6.35%
1.3 Margins
- The Profit Margin of LDO (5.80%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of LDO has remained more or less at the same level.
- Looking at the Operating Margin, with a value of 7.54%, LDO is in line with its industry, outperforming 40.74% of the companies in the same industry.
- In the last couple of years the Operating Margin of LDO has remained more or less at the same level.
- The Gross Margin of LDO (30.12%) is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of LDO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.54% | ||
| PM (TTM) | 5.8% | ||
| GM | 30.12% |
OM growth 3Y4.63%
OM growth 5Y-1.19%
PM growth 3Y13.4%
PM growth 5Y0.3%
GM growth 3Y1.05%
GM growth 5Y-0.43%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LDO is creating some value.
- Compared to 1 year ago, LDO has about the same amount of shares outstanding.
- Compared to 5 years ago, LDO has more shares outstanding
- The debt/assets ratio for LDO has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.19 indicates that LDO is not a great score, but indicates only limited risk for bankruptcy at the moment.
- LDO's Altman-Z score of 2.19 is on the low side compared to the rest of the industry. LDO is outperformed by 68.52% of its industry peers.
- LDO has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
- LDO has a better Debt to Equity ratio (0.22) than 85.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.19 |
ROIC/WACC1.31
WACC8.98%
2.3 Liquidity
- A Current Ratio of 0.97 indicates that LDO may have some problems paying its short term obligations.
- With a Current ratio value of 0.97, LDO is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
- LDO has a Quick Ratio of 0.97. This is a bad value and indicates that LDO is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of LDO (0.59) is worse than 75.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
- LDO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.53%, which is quite impressive.
- The Earnings Per Share has been decreasing by -4.48% on average over the past years.
- The Revenue has grown by 13.44% in the past year. This is quite good.
- LDO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.20% yearly.
EPS 1Y (TTM)24.53%
EPS 3Y9.76%
EPS 5Y-4.48%
EPS Q2Q%24.06%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
3.2 Future
- The Earnings Per Share is expected to grow by 24.20% on average over the next years. This is a very strong growth
- Based on estimates for the next years, LDO will show a quite strong growth in Revenue. The Revenue will grow by 8.44% on average per year.
EPS Next Y45.99%
EPS Next 2Y31.94%
EPS Next 3Y26.81%
EPS Next 5Y24.2%
Revenue Next Year10.39%
Revenue Next 2Y9.34%
Revenue Next 3Y8.66%
Revenue Next 5Y8.44%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 38.61, which means the current valuation is very expensive for LDO.
- Compared to the rest of the industry, the Price/Earnings ratio of LDO indicates a somewhat cheap valuation: LDO is cheaper than 70.37% of the companies listed in the same industry.
- LDO's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.94.
- With a Price/Forward Earnings ratio of 26.01, LDO can be considered very expensive at the moment.
- Based on the Price/Forward Earnings ratio, LDO is valued a bit cheaper than the industry average as 70.37% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.94, LDO is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.61 | ||
| Fwd PE | 26.01 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LDO indicates a rather cheap valuation: LDO is cheaper than 88.89% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.97 |
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.
- The decent profitability rating of LDO may justify a higher PE ratio.
- LDO's earnings are expected to grow with 26.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.84
PEG (5Y)N/A
EPS Next 2Y31.94%
EPS Next 3Y26.81%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.90%, LDO is not a good candidate for dividend investing.
- LDO's Dividend Yield is a higher than the industry average which is at 0.75.
- Compared to an average S&P500 Dividend Yield of 1.83, LDO's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
- On average, the dividend of LDO grows each year by 16.88%, which is quite nice.
Dividend Growth(5Y)16.88%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 11.14% of the earnings are spent on dividend by LDO. This is a low number and sustainable payout ratio.
- LDO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP11.14%
EPS Next 2Y31.94%
EPS Next 3Y26.81%
BIT:LDO (1/21/2026, 5:36:15 PM)
58.68
-0.88 (-1.48%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)11-05 2025-11-05/dmh
Earnings (Next)02-24 2026-02-24/amc
Inst Owners26.21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap33.93B
Revenue(TTM)27.38B
Net Income(TTM)1.59B
Analysts78.18
Price Target58.8 (0.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Yearly Dividend0.31
Dividend Growth(5Y)16.88%
DP11.14%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.5%
Min EPS beat(2)17.25%
Max EPS beat(2)17.74%
EPS beat(4)4
Avg EPS beat(4)15.67%
Min EPS beat(4)1.01%
Max EPS beat(4)26.68%
EPS beat(8)6
Avg EPS beat(8)71.65%
EPS beat(12)7
Avg EPS beat(12)44.7%
EPS beat(16)11
Avg EPS beat(16)80.04%
Revenue beat(2)2
Avg Revenue beat(2)3.02%
Min Revenue beat(2)2.94%
Max Revenue beat(2)3.1%
Revenue beat(4)3
Avg Revenue beat(4)-2.26%
Min Revenue beat(4)-15.16%
Max Revenue beat(4)3.1%
Revenue beat(8)6
Avg Revenue beat(8)1.52%
Revenue beat(12)8
Avg Revenue beat(12)6.12%
Revenue beat(16)12
Avg Revenue beat(16)26.25%
PT rev (1m)2.19%
PT rev (3m)5.73%
EPS NQ rev (1m)-16.58%
EPS NQ rev (3m)-25.2%
EPS NY rev (1m)1.23%
EPS NY rev (3m)3.49%
Revenue NQ rev (1m)0.87%
Revenue NQ rev (3m)1.44%
Revenue NY rev (1m)0.56%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.61 | ||
| Fwd PE | 26.01 | ||
| P/S | 1.24 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.77 | ||
| P/tB | 68.68 | ||
| EV/EBITDA | 12.97 |
EPS(TTM)1.52
EY2.59%
EPS(NY)2.26
Fwd EY3.84%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS47.36
BVpS15.57
TBVpS0.85
PEG (NY)0.84
PEG (5Y)N/A
Graham Number23.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 17.66% | ||
| ROCE | 14.29% | ||
| ROIC | 11.75% | ||
| ROICexc | 13.43% | ||
| ROICexgc | 41.04% | ||
| OM | 7.54% | ||
| PM (TTM) | 5.8% | ||
| GM | 30.12% | ||
| FCFM | N/A |
ROA(3y)2.86%
ROA(5y)2.31%
ROE(3y)11.1%
ROE(5y)9.4%
ROIC(3y)6.61%
ROIC(5y)6.35%
ROICexc(3y)7.82%
ROICexc(5y)7.66%
ROICexgc(3y)23.66%
ROICexgc(5y)24.69%
ROCE(3y)8.05%
ROCE(5y)7.73%
ROICexgc growth 3Y7.63%
ROICexgc growth 5Y-1.46%
ROICexc growth 3Y6%
ROICexc growth 5Y-1.29%
OM growth 3Y4.63%
OM growth 5Y-1.19%
PM growth 3Y13.4%
PM growth 5Y0.3%
GM growth 3Y1.05%
GM growth 5Y-0.43%
F-ScoreN/A
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.69 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 2.19 |
F-ScoreN/A
WACC8.98%
ROIC/WACC1.31
Cap/Depr(3y)119.32%
Cap/Depr(5y)102.84%
Cap/Sales(3y)5.11%
Cap/Sales(5y)4.4%
Profit Quality(3y)54.54%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.53%
EPS 3Y9.76%
EPS 5Y-4.48%
EPS Q2Q%24.06%
EPS Next Y45.99%
EPS Next 2Y31.94%
EPS Next 3Y26.81%
EPS Next 5Y24.2%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
Revenue Next Year10.39%
Revenue Next 2Y9.34%
Revenue Next 3Y8.66%
Revenue Next 5Y8.44%
EBIT growth 1Y36.48%
EBIT growth 3Y12.91%
EBIT growth 5Y3.95%
EBIT Next Year74.18%
EBIT Next 3Y30.48%
EBIT Next 5Y26.34%
FCF growth 1Y59.9%
FCF growth 3Y71.98%
FCF growth 5Y70.37%
OCF growth 1Y29.93%
OCF growth 3Y27.59%
OCF growth 5Y19.25%
LEONARDO SPA / LDO.MI FAQ
What is the fundamental rating for LDO stock?
ChartMill assigns a fundamental rating of 5 / 10 to LDO.MI.
What is the valuation status for LDO stock?
ChartMill assigns a valuation rating of 4 / 10 to LEONARDO SPA (LDO.MI). This can be considered as Fairly Valued.
Can you provide the profitability details for LEONARDO SPA?
LEONARDO SPA (LDO.MI) has a profitability rating of 6 / 10.
How financially healthy is LEONARDO SPA?
The financial health rating of LEONARDO SPA (LDO.MI) is 3 / 10.
How sustainable is the dividend of LEONARDO SPA (LDO.MI) stock?
The dividend rating of LEONARDO SPA (LDO.MI) is 5 / 10 and the dividend payout ratio is 11.14%.