AEROPORTO GUGLIELMO MARCONI (ADB.MI) Stock Fundamental Analysis
Europe - BIT:ADB - IT0001006128 - Common Stock
8.36 EUR
-0.04 (-0.48%)
Taking everything into account, ADB scores 5 out of 10 in our fundamental rating. ADB was compared to 10 industry peers in the Transportation Infrastructure industry. Both the profitability and the financial health of ADB get a neutral evaluation. Nothing too spectacular is happening here. ADB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ADB was profitable.
ADB had a positive operating cash flow in the past year.
In multiple years ADB reported negative net income over the last 5 years.
In multiple years ADB reported negative operating cash flow during the last 5 years.
1.2 Ratios
With an excellent Return On Assets value of 10.11%, ADB belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
ADB has a Return On Equity of 16.21%. This is amongst the best in the industry. ADB outperforms 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 14.25%, ADB belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ADB is in line with the industry average of 6.74%.
The 3 year average ROIC (7.01%) for ADB is below the current ROIC(14.25%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.11% | ||
| ROE | 16.21% | ||
| ROIC | 14.25% |
ROA(3y)7%
ROA(5y)2.83%
ROE(3y)11.87%
ROE(5y)4.62%
ROIC(3y)7.01%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 14.95%, ADB is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Profit Margin of ADB has declined.
The Operating Margin of ADB (21.89%) is better than 70.00% of its industry peers.
In the last couple of years the Operating Margin of ADB has declined.
The Gross Margin of ADB (64.08%) is worse than 60.00% of its industry peers.
ADB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.89% | ||
| PM (TTM) | 14.95% | ||
| GM | 64.08% |
OM growth 3YN/A
OM growth 5Y-3.25%
PM growth 3YN/A
PM growth 5Y-2.5%
GM growth 3Y2.94%
GM growth 5Y-1.94%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ADB is creating value.
The number of shares outstanding for ADB remains at a similar level compared to 1 year ago.
ADB has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for ADB has been reduced compared to a year ago.
2.2 Solvency
ADB has an Altman-Z score of 2.81. This is not the best score and indicates that ADB 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 2.81, ADB is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
The Debt to FCF ratio of ADB is 8.96, which is on the high side as it means it would take ADB, 8.96 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.96, ADB is in line with its industry, outperforming 60.00% of the companies in the same industry.
ADB has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.09, ADB belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 8.96 | ||
| Altman-Z | 2.81 |
ROIC/WACC1.87
WACC7.61%
2.3 Liquidity
A Current Ratio of 0.60 indicates that ADB may have some problems paying its short term obligations.
ADB has a Current ratio of 0.60. This is amonst the worse of the industry: ADB underperforms 90.00% of its industry peers.
ADB has a Quick Ratio of 0.60. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
ADB's Quick ratio of 0.60 is on the low side compared to the rest of the industry. ADB is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
ADB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.35%, which is quite impressive.
The Earnings Per Share has been growing slightly by 3.22% on average over the past years.
ADB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.01%.
The Revenue has been growing slightly by 5.87% on average over the past years.
EPS 1Y (TTM)29.35%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%-11.67%
Revenue 1Y (TTM)15.01%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%18.8%
3.2 Future
The Earnings Per Share is expected to grow by 1.08% on average over the next years.
Based on estimates for the next years, ADB will show a small growth in Revenue. The Revenue will grow by 5.23% on average per year.
EPS Next Y0%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
EPS Next 5YN/A
Revenue Next Year13.4%
Revenue Next 2Y11.9%
Revenue Next 3Y5.23%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.28, the valuation of ADB can be described as very reasonable.
Based on the Price/Earnings ratio, ADB is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of ADB to the average of the S&P500 Index (27.30), we can say ADB is valued rather cheaply.
A Price/Forward Earnings ratio of 12.93 indicates a correct valuation of ADB.
Based on the Price/Forward Earnings ratio, ADB is valued cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.73, ADB is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.28 | ||
| Fwd PE | 12.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ADB is valued cheaper than 90.00% of the companies in the same industry.
60.00% of the companies in the same industry are cheaper than ADB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 90.49 | ||
| EV/EBITDA | 4.55 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)2.57
EPS Next 2Y2.43%
EPS Next 3Y1.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.61%, ADB is a good candidate for dividend investing.
ADB's Dividend Yield is a higher than the industry average which is at 4.52.
ADB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.61% |
5.2 History
The dividend of ADB decreases each year by -0.96%.
Dividend Growth(5Y)-0.96%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ADB pays out 26.26% of its income as dividend. This is a sustainable payout ratio.
DP26.26%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
BIT:ADB (9/10/2025, 7:00:00 PM)
8.36
-0.04 (-0.48%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners29.51%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap302.05M
Analysts45.71
Price Target9.59 (14.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.61% |
Yearly Dividend0.26
Dividend Growth(5Y)-0.96%
DP26.26%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.28 | ||
| Fwd PE | 12.93 | ||
| P/S | 1.24 | ||
| P/FCF | 90.49 | ||
| P/OCF | 6.52 | ||
| P/B | 1.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.55 |
EPS(TTM)1.01
EY12.08%
EPS(NY)0.65
Fwd EY7.73%
FCF(TTM)0.09
FCFY1.11%
OCF(TTM)1.28
OCFY15.33%
SpS6.72
BVpS6.2
TBVpS-1.06
PEG (NY)N/A
PEG (5Y)2.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.11% | ||
| ROE | 16.21% | ||
| ROCE | 20% | ||
| ROIC | 14.25% | ||
| ROICexc | 15.96% | ||
| ROICexgc | N/A | ||
| OM | 21.89% | ||
| PM (TTM) | 14.95% | ||
| GM | 64.08% | ||
| FCFM | 1.37% |
ROA(3y)7%
ROA(5y)2.83%
ROE(3y)11.87%
ROE(5y)4.62%
ROIC(3y)7.01%
ROIC(5y)N/A
ROICexc(3y)8.76%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.84%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y-1.93%
OM growth 3YN/A
OM growth 5Y-3.25%
PM growth 3YN/A
PM growth 5Y-2.5%
GM growth 3Y2.94%
GM growth 5Y-1.94%
F-Score6
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 8.96 | ||
| Debt/EBITDA | 0.3 | ||
| Cap/Depr | 322.34% | ||
| Cap/Sales | 17.68% | ||
| Interest Coverage | 40.38 | ||
| Cash Conversion | 69.62% | ||
| Profit Quality | 9.19% | ||
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | 2.81 |
F-Score6
WACC7.61%
ROIC/WACC1.87
Cap/Depr(3y)241.92%
Cap/Depr(5y)215.8%
Cap/Sales(3y)21.27%
Cap/Sales(5y)24.45%
Profit Quality(3y)73.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.35%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%-11.67%
EPS Next Y0%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
EPS Next 5YN/A
Revenue 1Y (TTM)15.01%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%18.8%
Revenue Next Year13.4%
Revenue Next 2Y11.9%
Revenue Next 3Y5.23%
Revenue Next 5YN/A
EBIT growth 1Y24.53%
EBIT growth 3YN/A
EBIT growth 5Y2.43%
EBIT Next Year59.94%
EBIT Next 3Y22.72%
EBIT Next 5YN/A
FCF growth 1Y-87.7%
FCF growth 3YN/A
FCF growth 5Y-24.73%
OCF growth 1Y-6.63%
OCF growth 3YN/A
OCF growth 5Y7.14%