LEONARDO SPA (LDO.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:LDO - IT0003856405 - Common Stock
49.16 EUR
+0.68 (+1.4%)
We assign a fundamental rating of 5 out of 10 to LDO. LDO was compared to 45 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 is not valued too expensively and it also shows a decent 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
Looking at the Return On Assets, with a value of 4.86%, LDO is in the better half of the industry, outperforming 64.44% of the companies in the same industry.
Looking at the Return On Equity, with a value of 17.66%, LDO is in line with its industry, outperforming 60.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 11.75%, LDO is in the better half of the industry, outperforming 77.78% 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 9.26%.
The last Return On Invested Capital (11.75%) for LDO is above the 3 year average (6.61%), which is a sign of increasing profitability.
| 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
LDO has a Profit Margin (5.80%) which is comparable to the rest of the industry.
LDO's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 7.54%, LDO is not doing good in the industry: 62.22% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of LDO has remained more or less at the same level.
With a Gross Margin value of 30.12%, LDO perfoms like the industry average, outperforming 46.67% of the companies in the same 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.
The number of shares outstanding for LDO has been increased compared to 5 years ago.
Compared to 1 year ago, LDO has an improved debt to assets ratio.
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.
With a Altman-Z score value of 2.04, LDO is not doing good in the industry: 64.44% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.22 indicates that LDO is not too dependend on debt financing.
LDO has a better Debt to Equity ratio (0.22) than 82.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.04 |
ROIC/WACC1.41
WACC8.32%
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: 82.22% 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.
LDO has a worse Quick ratio (0.59) than 75.56% 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.
LDO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.48% yearly.
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
LDO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.51% yearly.
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 Y45.99%
EPS Next 2Y31.94%
EPS Next 3Y26.81%
EPS Next 5Y24.51%
Revenue Next Year10.39%
Revenue Next 2Y9.34%
Revenue Next 3Y8.66%
Revenue Next 5Y8.77%
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
Based on the Price/Earnings ratio of 32.34, the valuation of LDO can be described as expensive.
64.44% of the companies in the same industry are more expensive than LDO, based on the Price/Earnings ratio.
LDO's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.51.
LDO is valuated rather expensively with a Price/Forward Earnings ratio of 21.79.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LDO indicates a somewhat cheap valuation: LDO is cheaper than 71.11% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, LDO is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.34 | ||
| Fwd PE | 21.79 |
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 | 10.86 |
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's earnings are expected to grow with 26.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.7
PEG (5Y)N/A
EPS Next 2Y31.94%
EPS Next 3Y26.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.05%, LDO has a reasonable but not impressive dividend return.
LDO's Dividend Yield is a higher than the industry average which is at 0.90.
Compared to an average S&P500 Dividend Yield of 2.00, LDO's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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.
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 (12/30/2025, 7:00:00 PM)
49.16
+0.68 (+1.4%)
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 Cap28.42B
Revenue(TTM)27.38B
Net Income(TTM)1.59B
Analysts78.18
Price Target57.41 (16.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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)0.52%
PT rev (3m)3.04%
EPS NQ rev (1m)-16.58%
EPS NQ rev (3m)-7.59%
EPS NY rev (1m)4.34%
EPS NY rev (3m)3.49%
Revenue NQ rev (1m)0.87%
Revenue NQ rev (3m)2.19%
Revenue NY rev (1m)1.39%
Revenue NY rev (3m)1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.34 | ||
| Fwd PE | 21.79 | ||
| P/S | 1.04 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.16 | ||
| P/tB | 57.53 | ||
| EV/EBITDA | 10.86 |
EPS(TTM)1.52
EY3.09%
EPS(NY)2.26
Fwd EY4.59%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS47.36
BVpS15.57
TBVpS0.85
PEG (NY)0.7
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
WACC8.32%
ROIC/WACC1.41
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 5Y24.51%
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 5Y8.77%
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 5 / 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 6 / 10 and the dividend payout ratio is 11.14%.