LEONARDO SPA (LDO.MI) Stock Fundamental Analysis
Europe - BIT:LDO - IT0003856405 - Common Stock
49.84 EUR
-0.06 (-0.12%)
Taking everything into account, LDO scores 5 out of 10 in our fundamental rating. LDO was compared to 46 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of LDO while its profitability can be described as average. LDO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year LDO was profitable.
In the past 5 years LDO has always been profitable.
In the past 5 years LDO always reported a positive cash flow from operatings.
1.2 Ratios
LDO has a Return On Assets of 4.83%. This is in the better half of the industry: LDO outperforms 69.57% of its industry peers.
With a decent Return On Equity value of 17.55%, LDO is doing good in the industry, outperforming 69.57% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 11.56%, LDO is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
LDO had an Average Return On Invested Capital over the past 3 years of 6.61%. This is below the industry average of 9.09%.
The 3 year average ROIC (6.61%) for LDO is below the current ROIC(11.56%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 17.55% | ||
| ROIC | 11.56% |
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
Looking at the Profit Margin, with a value of 5.86%, LDO is in line with its industry, outperforming 58.70% of the companies in the same industry.
LDO's Profit Margin has been stable in the last couple of years.
LDO has a Operating Margin of 7.54%. This is comparable to the rest of the industry: LDO outperforms 47.83% of its industry peers.
In the last couple of years the Operating Margin of LDO has remained more or less at the same level.
LDO has a Gross Margin (30.33%) which is in line with its industry peers.
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) | 5.86% | ||
| 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%
2. Health
2.1 Basic Checks
LDO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
LDO has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, LDO has more shares outstanding
Compared to 1 year ago, LDO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.03 indicates that LDO is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of LDO (2.03) is worse than 65.22% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that LDO is not too dependend on debt financing.
LDO has a Debt to Equity ratio of 0.22. This is amongst the best in the industry. LDO outperforms 84.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.03 |
ROIC/WACC1.53
WACC7.57%
2.3 Liquidity
LDO has a Current 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.
LDO has a Current ratio of 0.97. This is amonst the worse of the industry: LDO underperforms 82.61% of its industry peers.
A Quick Ratio of 0.59 indicates that LDO may have some problems paying its short term obligations.
LDO has a worse Quick ratio (0.59) than 71.74% 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 32.76%, which is quite impressive.
Measured over the past years, LDO shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.48% on average per year.
LDO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.05%.
The Revenue has been growing slightly by 5.20% on average over the past years.
EPS 1Y (TTM)32.76%
EPS 3Y9.76%
EPS 5Y-4.48%
EPS Q2Q%97.08%
Revenue 1Y (TTM)15.05%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.16%
3.2 Future
LDO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.01% yearly.
Based on estimates for the next years, LDO will show a quite strong growth in Revenue. The Revenue will grow by 9.76% on average per year.
EPS Next Y44.86%
EPS Next 2Y30.6%
EPS Next 3Y25.87%
EPS Next 5Y25.01%
Revenue Next Year8.78%
Revenue Next 2Y8.58%
Revenue Next 3Y8.11%
Revenue Next 5Y9.76%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 34.14, which means the current valuation is very expensive for LDO.
Based on the Price/Earnings ratio, LDO is valued a bit cheaper than the industry average as 69.57% of the companies are valued more expensively.
LDO is valuated rather expensively when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
LDO is valuated rather expensively with a Price/Forward Earnings ratio of 22.55.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LDO indicates a somewhat cheap valuation: LDO is cheaper than 69.57% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, LDO is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.14 | ||
| Fwd PE | 22.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LDO is valued cheaper than 91.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.14 |
4.3 Compensation for Growth
LDO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
LDO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as LDO's earnings are expected to grow with 25.87% in the coming years.
PEG (NY)0.76
PEG (5Y)N/A
EPS Next 2Y30.6%
EPS Next 3Y25.87%
5. Dividend
5.1 Amount
LDO has a Yearly Dividend Yield of 1.04%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.16, LDO pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.04, LDO pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.04% |
5.2 History
The dividend of LDO is nicely growing with an annual growth rate of 16.88%!
Dividend Growth(5Y)16.88%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
LDO pays out 0.13% of its income as dividend. This is a sustainable payout ratio.
The dividend of LDO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP0.13%
EPS Next 2Y30.6%
EPS Next 3Y25.87%
BIT:LDO (9/19/2025, 7:00:00 PM)
49.84
-0.06 (-0.12%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners23.87%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap28.81B
Analysts81
Price Target55.72 (11.8%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.04% |
Yearly Dividend0.31
Dividend Growth(5Y)16.88%
DP0.13%
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)-0.6%
PT rev (3m)3.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)6.08%
EPS NY rev (3m)6.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.14 | ||
| Fwd PE | 22.55 | ||
| P/S | 1.07 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.2 | ||
| P/tB | 58.33 | ||
| EV/EBITDA | 11.14 |
EPS(TTM)1.46
EY2.93%
EPS(NY)2.21
Fwd EY4.44%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS46.61
BVpS15.57
TBVpS0.85
PEG (NY)0.76
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 17.55% | ||
| ROCE | 14.06% | ||
| ROIC | 11.56% | ||
| ROICexc | 13.21% | ||
| ROICexgc | 40.38% | ||
| OM | 7.54% | ||
| PM (TTM) | 5.86% | ||
| GM | 30.33% | ||
| 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%
ROICexcg growth 3Y7.63%
ROICexcg 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 Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.7 | ||
| 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 | 2.03 |
F-ScoreN/A
WACC7.57%
ROIC/WACC1.53
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)32.76%
EPS 3Y9.76%
EPS 5Y-4.48%
EPS Q2Q%97.08%
EPS Next Y44.86%
EPS Next 2Y30.6%
EPS Next 3Y25.87%
EPS Next 5Y25.01%
Revenue 1Y (TTM)15.05%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.16%
Revenue Next Year8.78%
Revenue Next 2Y8.58%
Revenue Next 3Y8.11%
Revenue Next 5Y9.76%
EBIT growth 1Y42.8%
EBIT growth 3Y12.91%
EBIT growth 5Y3.95%
EBIT Next Year73.88%
EBIT Next 3Y29.87%
EBIT Next 5Y25.43%
FCF growth 1Y59.9%
FCF growth 3Y71.98%
FCF growth 5Y70.37%
OCF growth 1Y29.93%
OCF growth 3Y27.59%
OCF growth 5Y19.25%