LEONARDO SPA (LDO.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:LDO - IT0003856405 - Common Stock
49.45 EUR
+0.04 (+0.08%)
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. While LDO is still in line with the averages on profitability rating, there are concerns on its financial health. LDO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
LDO had positive earnings in the past year.
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 65.96% of its industry peers.
LDO has a better Return On Equity (17.66%) than 61.70% of its industry peers.
LDO has a Return On Invested Capital of 11.75%. This is in the better half of the industry: LDO outperforms 78.72% 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
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.
LDO's Operating Margin of 7.54% is in line compared to the rest of the industry. LDO outperforms 40.43% of its industry peers.
LDO's Operating Margin has been stable in the last couple of years.
LDO has a Gross Margin (30.12%) which 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
LDO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for LDO remains at a similar level compared to 1 year ago.
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.
Looking at the Altman-Z score, with a value of 2.04, LDO is doing worse than 65.96% of the companies in the same industry.
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 Debt to Equity ratio of 0.22. This is amongst the best in the industry. LDO outperforms 85.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.04 |
ROIC/WACC1.39
WACC8.46%
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: 80.85% 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.
LDO has a Quick ratio of 0.59. This is in the lower half of the industry: LDO underperforms 76.60% of its industry peers.
| 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.
LDO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.48% yearly.
The Revenue has grown by 13.44% in the past year. This is quite good.
The Revenue has been growing slightly by 5.20% on average over the past years.
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.
The Revenue is expected to grow by 8.77% on average over the next years. This is quite good.
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
LDO is valuated quite expensively with a Price/Earnings ratio of 32.53.
Compared to the rest of the industry, the Price/Earnings ratio of LDO indicates a somewhat cheap valuation: LDO is cheaper than 70.21% of the companies listed in the same industry.
LDO is valuated rather expensively when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 22.07 indicates a rather expensive valuation of LDO.
76.60% of the companies in the same industry are more expensive than LDO, based on the Price/Forward Earnings ratio.
LDO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.53 | ||
| Fwd PE | 22.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LDO is valued cheaper than 89.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.92 |
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.
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 26.61% in the coming years.
PEG (NY)0.74
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%.
LDO's Dividend Yield is a higher than the industry average which is at 0.87.
Compared to an average S&P500 Dividend Yield of 1.87, LDO's dividend is way lower than the S&P500 average.
| 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 (12/23/2025, 7:00:00 PM)
49.45
+0.04 (+0.08%)
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 Cap28.59B
Revenue(TTM)27.38B
Net Income(TTM)1.59B
Analysts78.18
Price Target57.54 (16.36%)
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 | 32.53 | ||
| Fwd PE | 22.07 | ||
| P/S | 1.04 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.18 | ||
| P/tB | 57.87 | ||
| EV/EBITDA | 10.92 |
EPS(TTM)1.52
EY3.07%
EPS(NY)2.24
Fwd EY4.53%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS47.36
BVpS15.57
TBVpS0.85
PEG (NY)0.74
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
WACC8.46%
ROIC/WACC1.39
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 6 / 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%.