LEONARDO SPA (LDO.MI) Fundamental Analysis & Valuation

BIT:LDO • IT0003856405

Current stock price

64.08 EUR
+0.2 (+0.31%)
Last:

This LDO.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. LDO.MI Profitability Analysis

1.1 Basic Checks

  • In the past year LDO was profitable.
  • In the past year LDO had a positive cash flow from operations.
  • In the past 5 years LDO has always been profitable.
  • Each year in the past 5 years LDO had a positive operating cash flow.
LDO.MI Yearly Net Income VS EBIT VS OCF VS FCFLDO.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

1.2 Ratios

  • LDO's Return On Assets of 4.83% is fine compared to the rest of the industry. LDO outperforms 63.16% of its industry peers.
  • LDO's Return On Equity of 17.55% is in line compared to the rest of the industry. LDO outperforms 57.89% of its industry peers.
  • LDO has a Return On Invested Capital of 10.44%. This is in the better half of the industry: LDO outperforms 70.18% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for LDO is below the industry average of 9.88%.
  • The 3 year average ROIC (6.61%) for LDO is below the current ROIC(10.44%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.83%
ROE 17.55%
ROIC 10.44%
ROA(3y)2.86%
ROA(5y)2.31%
ROE(3y)11.1%
ROE(5y)9.4%
ROIC(3y)6.61%
ROIC(5y)6.35%
LDO.MI Yearly ROA, ROE, ROICLDO.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With a Profit Margin value of 5.86%, LDO perfoms like the industry average, outperforming 43.86% of the companies in the same industry.
  • In the last couple of years the Profit Margin of LDO has remained more or less at the same level.
  • LDO's Operating Margin of 7.54% is in line compared to the rest of the industry. LDO outperforms 42.11% of its industry peers.
  • LDO's Operating Margin has been stable in the last couple of years.
  • LDO has a Gross Margin (30.33%) which is in line with its industry peers.
  • LDO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.54%
PM (TTM) 5.86%
GM 30.33%
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%
LDO.MI Yearly Profit, Operating, Gross MarginsLDO.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. LDO.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LDO is still 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
  • Compared to 1 year ago, LDO has an improved debt to assets ratio.
LDO.MI Yearly Shares OutstandingLDO.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
LDO.MI Yearly Total Debt VS Total AssetsLDO.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.24 indicates that LDO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of LDO (2.24) is worse than 64.91% of its industry peers.
  • LDO has a debt to FCF ratio of 6.67. This is a slightly negative value and a sign of low solvency as LDO would need 6.67 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 6.67, LDO perfoms like the industry average, outperforming 43.86% of the companies in the same industry.
  • LDO has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
  • LDO has a Debt to Equity ratio of 0.39. This is in the better half of the industry: LDO outperforms 61.40% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 6.67
Altman-Z 2.24
ROIC/WACC1.18
WACC8.82%
LDO.MI Yearly LT Debt VS Equity VS FCFLDO.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 0.97 indicates that LDO may have some problems paying its short term obligations.
  • LDO has a Current ratio of 0.97. This is in the lower half of the industry: LDO underperforms 78.95% of its industry peers.
  • A Quick Ratio of 0.59 indicates that LDO may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.59, LDO is doing worse than 75.44% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.59
LDO.MI Yearly Current Assets VS Current LiabilitesLDO.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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6

3. LDO.MI Growth Analysis

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.
  • LDO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.44%.
  • Measured over the past years, LDO shows a small growth in Revenue. The Revenue has been growing by 5.20% on average per year.
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

  • LDO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.81% yearly.
  • LDO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.34% yearly.
EPS Next Y47.03%
EPS Next 2Y32.03%
EPS Next 3Y27.23%
EPS Next 5Y24.81%
Revenue Next Year11.22%
Revenue Next 2Y9.65%
Revenue Next 3Y8.91%
Revenue Next 5Y9.34%

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 accelerating: in the next years the growth will be better than in the last years.
LDO.MI Yearly Revenue VS EstimatesLDO.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B
LDO.MI Yearly EPS VS EstimatesLDO.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4

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5

4. LDO.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 42.16, LDO can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, LDO is valued a bit cheaper than the industry average as 61.40% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.70. LDO is valued rather expensively when compared to this.
  • With a Price/Forward Earnings ratio of 28.37, 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 66.67% of the companies are valued more expensively.
  • LDO's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.84.
Industry RankSector Rank
PE 42.16
Fwd PE 28.37
LDO.MI Price Earnings VS Forward Price EarningsLDO.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

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 89.47% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of LDO is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 58.16
EV/EBITDA 13.47
LDO.MI Per share dataLDO.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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 27.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.9
PEG (5Y)N/A
EPS Next 2Y32.03%
EPS Next 3Y27.23%

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5

5. LDO.MI Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.92%, LDO is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.76, LDO pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.92, LDO pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.92%

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

  • LDO pays out 20.84% of its income as dividend. This is a sustainable payout ratio.
  • LDO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP20.84%
EPS Next 2Y32.03%
EPS Next 3Y27.23%
LDO.MI Yearly Income VS Free CF VS DividendLDO.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B
LDO.MI Dividend Payout.LDO.MI Dividend Payout, showing the Payout Ratio.LDO.MI Dividend Payout.PayoutRetained Earnings

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LDO.MI Fundamentals: All Metrics, Ratios and Statistics

LEONARDO SPA

BIT:LDO (3/13/2026, 7:00:00 PM)

64.08

+0.2 (+0.31%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-25
Earnings (Next)05-06
Inst Owners27.21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap37.05B
Revenue(TTM)27.38B
Net Income(TTM)1.58B
Analysts75.65
Price Target61.11 (-4.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.92%
Yearly Dividend0.31
Dividend Growth(5Y)16.88%
DP20.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.96%
Min EPS beat(2)17.25%
Max EPS beat(2)26.68%
EPS beat(4)4
Avg EPS beat(4)134.51%
Min EPS beat(4)1.01%
Max EPS beat(4)493.08%
EPS beat(8)5
Avg EPS beat(8)66.23%
EPS beat(12)7
Avg EPS beat(12)89.02%
EPS beat(16)10
Avg EPS beat(16)75.47%
Revenue beat(2)1
Avg Revenue beat(2)-6.11%
Min Revenue beat(2)-15.16%
Max Revenue beat(2)2.94%
Revenue beat(4)3
Avg Revenue beat(4)-1.19%
Min Revenue beat(4)-15.16%
Max Revenue beat(4)7.38%
Revenue beat(8)5
Avg Revenue beat(8)0.77%
Revenue beat(12)8
Avg Revenue beat(12)22.47%
Revenue beat(16)11
Avg Revenue beat(16)25.93%
PT rev (1m)0.99%
PT rev (3m)6.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.88%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.75%
Revenue NY rev (3m)1.31%
Valuation
Industry RankSector Rank
PE 42.16
Fwd PE 28.37
P/S 1.37
P/FCF 58.16
P/OCF 23.72
P/B 4.12
P/tB 75
EV/EBITDA 13.47
EPS(TTM)1.52
EY2.37%
EPS(NY)2.26
Fwd EY3.53%
FCF(TTM)1.1
FCFY1.72%
OCF(TTM)2.7
OCFY4.22%
SpS46.61
BVpS15.57
TBVpS0.85
PEG (NY)0.9
PEG (5Y)N/A
Graham Number23.07
Profitability
Industry RankSector Rank
ROA 4.83%
ROE 17.55%
ROCE 14.06%
ROIC 10.44%
ROICexc 11.77%
ROICexgc 29.39%
OM 7.54%
PM (TTM) 5.86%
GM 30.33%
FCFM 2.36%
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-Score7
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 6.67
Debt/EBITDA 1.25
Cap/Depr 119.05%
Cap/Sales 3.43%
Interest Coverage 11.88
Cash Conversion 55.61%
Profit Quality 40.34%
Current Ratio 0.97
Quick Ratio 0.59
Altman-Z 2.24
F-Score7
WACC8.82%
ROIC/WACC1.18
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 Y47.03%
EPS Next 2Y32.03%
EPS Next 3Y27.23%
EPS Next 5Y24.81%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
Revenue Next Year11.22%
Revenue Next 2Y9.65%
Revenue Next 3Y8.91%
Revenue Next 5Y9.34%
EBIT growth 1Y42.8%
EBIT growth 3Y12.91%
EBIT growth 5Y3.95%
EBIT Next Year76.57%
EBIT Next 3Y31.1%
EBIT Next 5Y26.34%
FCF growth 1Y-15.63%
FCF growth 3Y71.98%
FCF growth 5Y70.37%
OCF growth 1Y1.1%
OCF growth 3Y27.59%
OCF growth 5Y19.25%

LEONARDO SPA / LDO.MI Fundamental Analysis 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 5 / 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 20.84%.