LEONARDO SPA (LDO.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:LDO - IT0003856405 - Common Stock
49.22 EUR
+0.92 (+1.9%)
Taking everything into account, LDO scores 5 out of 10 in our fundamental rating. LDO was compared to 47 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.
LDO had positive earnings in each of the past 5 years.
LDO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.86%, LDO is doing good in the industry, outperforming 70.00% of the companies in the same industry.
LDO's Return On Equity of 17.66% is fine compared to the rest of the industry. LDO outperforms 66.00% of its industry peers.
LDO has a better Return On Invested Capital (11.75%) than 82.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LDO is below the industry average of 9.56%.
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
With a Profit Margin value of 5.80%, LDO perfoms like the industry average, outperforming 52.00% of the companies in the same industry.
LDO's Profit Margin has been stable in the last couple of years.
LDO's Operating Margin of 7.54% is on the low side compared to the rest of the industry. LDO is outperformed by 60.00% 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 (30.12%) 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) | 5.8% | ||
| 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.
LDO has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for LDO has been increased compared to 5 years ago.
The debt/assets ratio for LDO has been reduced compared to a year ago.
2.2 Solvency
LDO has an Altman-Z score of 2.04. This is not the best score and indicates that LDO is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of LDO (2.04) is worse than 66.00% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that LDO is not too dependend on debt financing.
The Debt to Equity ratio of LDO (0.22) is better than 86.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.04 |
ROIC/WACC1.43
WACC8.23%
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.
With a Current ratio value of 0.97, LDO is not doing good in the industry: 82.00% of the companies in the same industry are doing better.
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 74.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.53% over the past year.
The Earnings Per Share has been decreasing by -4.48% on average over the past years.
Looking at the last year, LDO shows a quite strong growth in Revenue. The Revenue has grown by 13.44% in the last year.
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
Based on estimates for the next years, LDO will show a very strong growth in Earnings Per Share. The EPS will grow by 24.51% on average per year.
LDO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.77% yearly.
EPS Next Y44.22%
EPS Next 2Y31.5%
EPS Next 3Y26.61%
EPS Next 5Y24.51%
Revenue Next Year9.78%
Revenue Next 2Y9.06%
Revenue Next 3Y8.46%
Revenue Next 5Y8.77%
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
A Price/Earnings ratio of 32.38 indicates a quite expensive valuation of LDO.
68.00% of the companies in the same industry are more expensive than LDO, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.39. LDO is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 21.96, which indicates a rather expensive current valuation of LDO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LDO indicates a somewhat cheap valuation: LDO is cheaper than 78.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.84. LDO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.38 | ||
| Fwd PE | 21.96 |
4.2 Price Multiples
LDO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. LDO is cheaper than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.87 |
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.
The decent profitability rating of LDO may justify a higher PE ratio.
A more expensive valuation may be justified as LDO's earnings are expected to grow with 26.61% in the coming years.
PEG (NY)0.73
PEG (5Y)N/A
EPS Next 2Y31.5%
EPS Next 3Y26.61%
5. Dividend
5.1 Amount
LDO has a Yearly Dividend Yield of 1.08%. Purely for dividend investing, there may be better candidates out there.
LDO's Dividend Yield is a higher than the industry average which is at 0.87.
With a Dividend Yield of 1.08, LDO pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
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
11.14% of the earnings are spent on dividend by LDO. This is a low number and sustainable payout ratio.
The dividend of LDO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP11.14%
EPS Next 2Y31.5%
EPS Next 3Y26.61%
BIT:LDO (12/19/2025, 7:00:00 PM)
49.22
+0.92 (+1.9%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners26.09%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap28.46B
Revenue(TTM)27.38B
Net Income(TTM)1.59B
Analysts78.18
Price Target57.54 (16.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
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)2.03%
PT rev (3m)3.27%
EPS NQ rev (1m)-10.33%
EPS NQ rev (3m)10.78%
EPS NY rev (1m)3.08%
EPS NY rev (3m)-0.44%
Revenue NQ rev (1m)0.56%
Revenue NQ rev (3m)1.31%
Revenue NY rev (1m)0.83%
Revenue NY rev (3m)0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.38 | ||
| Fwd PE | 21.96 | ||
| P/S | 1.04 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.16 | ||
| P/tB | 57.6 | ||
| EV/EBITDA | 10.87 |
EPS(TTM)1.52
EY3.09%
EPS(NY)2.24
Fwd EY4.55%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS47.36
BVpS15.57
TBVpS0.85
PEG (NY)0.73
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 | 2.04 |
F-ScoreN/A
WACC8.23%
ROIC/WACC1.43
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 Y44.22%
EPS Next 2Y31.5%
EPS Next 3Y26.61%
EPS Next 5Y24.51%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
Revenue Next Year9.78%
Revenue Next 2Y9.06%
Revenue Next 3Y8.46%
Revenue Next 5Y8.77%
EBIT growth 1Y36.48%
EBIT growth 3Y12.91%
EBIT growth 5Y3.95%
EBIT Next Year71.72%
EBIT Next 3Y30.09%
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 of LEONARDO SPA (LDO.MI) stock?
ChartMill assigns a valuation rating of 4 / 10 to LEONARDO SPA (LDO.MI). This can be considered as Fairly Valued.
What is the profitability of LDO stock?
LEONARDO SPA (LDO.MI) has a profitability rating of 5 / 10.
What is the financial health of LEONARDO SPA (LDO.MI) stock?
The financial health rating of LEONARDO SPA (LDO.MI) is 3 / 10.
Can you provide the dividend sustainability for LDO stock?
The dividend rating of LEONARDO SPA (LDO.MI) is 6 / 10 and the dividend payout ratio is 11.14%.