AEROPORTO GUGLIELMO MARCONI (ADB.MI) Stock Fundamental Analysis
BIT:ADB - Euronext Milan - IT0001006128 - Common Stock - Currency: EUR
Overall ADB gets a fundamental rating of 5 out of 10. We evaluated ADB against 11 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ADB had positive earnings in the past year.
ADB had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ADB reported negative net income in multiple years.
In multiple years ADB reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of ADB (10.11%) is better than 92.86% of its industry peers.
Looking at the Return On Equity, with a value of 16.21%, ADB belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
The Return On Invested Capital of ADB (14.25%) is better than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ADB is in line with the industry average of 6.60%.
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
The Profit Margin of ADB (14.95%) is better than 71.43% of its industry peers.
In the last couple of years the Profit Margin of ADB has declined.
ADB has a better Operating Margin (21.89%) than 64.29% of its industry peers.
ADB's Operating Margin has declined in the last couple of years.
ADB has a Gross Margin (64.08%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ADB has declined.
| 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
ADB has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for ADB remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ADB has about the same amount of shares outstanding.
Compared to 1 year ago, ADB has an improved debt to assets ratio.
2.2 Solvency
ADB has an Altman-Z score of 2.82. 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 2.82, ADB belongs to the top of the industry, outperforming 85.71% 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 the better half of the industry, outperforming 64.29% 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.
ADB has a Debt to Equity ratio of 0.09. This is amongst the best in the industry. ADB outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 8.96 | ||
| Altman-Z | 2.82 |
ROIC/WACC1.84
WACC7.73%
2.3 Liquidity
A Current Ratio of 0.60 indicates that ADB may have some problems paying its short term obligations.
The Current ratio of ADB (0.60) is worse than 85.71% 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.
With a Quick ratio value of 0.60, ADB is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
| 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.
ADB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.22% yearly.
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
ADB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.08% yearly.
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.26, the valuation of ADB can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of ADB indicates a rather cheap valuation: ADB is cheaper than 85.71% of the companies listed in the same industry.
ADB is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 12.90, ADB is valued correctly.
100.00% of the companies in the same industry are more expensive than ADB, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.76. ADB is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.26 | ||
| Fwd PE | 12.9 |
4.2 Price Multiples
78.57% of the companies in the same industry are more expensive than ADB, based on the Enterprise Value to EBITDA ratio.
ADB's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 90.27 | ||
| EV/EBITDA | 4.59 |
4.3 Compensation for Growth
The decent profitability rating of ADB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.56
EPS Next 2Y2.43%
EPS Next 3Y1.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.54%, ADB is a good candidate for dividend investing.
ADB's Dividend Yield is a higher than the industry average which is at 4.28.
Compared to an average S&P500 Dividend Yield of 2.35, ADB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
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 (7/11/2025, 7:00:00 PM)
8.34
-0.18 (-2.11%)
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 Cap301.32M
Analysts45.71
Price Target9.18 (10.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.54% |
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)12.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-25.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.26 | ||
| Fwd PE | 12.9 | ||
| P/S | 1.24 | ||
| P/FCF | 90.27 | ||
| P/OCF | 6.51 | ||
| P/B | 1.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.59 |
EPS(TTM)1.01
EY12.11%
EPS(NY)0.65
Fwd EY7.75%
FCF(TTM)0.09
FCFY1.11%
OCF(TTM)1.28
OCFY15.37%
SpS6.72
BVpS6.2
TBVpS-1.06
PEG (NY)N/A
PEG (5Y)2.56
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 | 2.82 |
F-Score6
WACC7.73%
ROIC/WACC1.84
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%