AEROPORTO GUGLIELMO MARCONI (ADB.MI) Stock Fundamental Analysis
BIT:ADB - Euronext Milan - IT0001006128 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to ADB. ADB was compared to 13 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 correct valuation and a medium growth rate.
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.
The reported operating cash flow has been mixed in the past 5 years: ADB reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 10.14%, ADB belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Equity of ADB (16.63%) is better than 100.00% of its industry peers.
ADB has a better Return On Invested Capital (14.39%) 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 6.54%.
The 3 year average ROIC (7.01%) for ADB is below the current ROIC(14.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.14% | ||
| ROE | 16.63% | ||
| ROIC | 14.39% |
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 (15.48%) is better than 76.92% of its industry peers.
ADB's Profit Margin has declined in the last couple of years.
ADB has a Operating Margin of 22.48%. This is in the better half of the industry: ADB outperforms 76.92% of its industry peers.
In the last couple of years the Operating Margin of ADB has declined.
The Gross Margin of ADB (65.11%) 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 | 22.48% | ||
| PM (TTM) | 15.48% | ||
| GM | 65.11% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.
ADB has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.75 indicates that ADB is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ADB (2.75) is better than 69.23% of its industry peers.
The Debt to FCF ratio of ADB is 7.51, which is on the high side as it means it would take ADB, 7.51 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 7.51, ADB is doing good in the industry, outperforming 76.92% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that ADB is not too dependend on debt financing.
ADB's Debt to Equity ratio of 0.10 is amongst the best of the industry. ADB outperforms 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 7.51 | ||
| Altman-Z | 2.75 |
ROIC/WACC1.81
WACC7.97%
2.3 Liquidity
A Current Ratio of 0.68 indicates that ADB may have some problems paying its short term obligations.
The Current ratio of ADB (0.68) is worse than 84.62% of its industry peers.
A Quick Ratio of 0.67 indicates that ADB may have some problems paying its short term obligations.
ADB has a Quick ratio of 0.67. This is in the lower half of the industry: ADB underperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 42.83% over the past year.
The Earnings Per Share has been growing slightly by 3.22% on average over the past years.
Looking at the last year, ADB shows a quite strong growth in Revenue. The Revenue has grown by 13.69% in the last year.
Measured over the past years, ADB shows a small growth in Revenue. The Revenue has been growing by 5.87% on average per year.
EPS 1Y (TTM)42.83%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%38.17%
Revenue 1Y (TTM)13.69%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%15.08%
3.2 Future
Based on estimates for the next years, ADB will show a small growth in Earnings Per Share. The EPS will grow by 1.08% on average per year.
ADB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.23% yearly.
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
A Price/Earnings ratio of 8.35 indicates a reasonable valuation of ADB.
84.62% of the companies in the same industry are more expensive than ADB, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ADB to the average of the S&P500 Index (26.52), we can say ADB is valued rather cheaply.
A Price/Forward Earnings ratio of 13.83 indicates a correct valuation of ADB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ADB indicates a rather cheap valuation: ADB is cheaper than 92.31% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.25. ADB is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.35 | ||
| Fwd PE | 13.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ADB is valued cheaper than 84.62% of the companies in the same industry.
ADB's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 71.49 | ||
| EV/EBITDA | 4.51 |
4.3 Compensation for Growth
ADB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.59
EPS Next 2Y2.43%
EPS Next 3Y1.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.50%, ADB is a good candidate for dividend investing.
ADB's Dividend Yield is a higher than the industry average which is at 4.96.
ADB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
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
25.96% of the earnings are spent on dividend by ADB. This is a low number and sustainable payout ratio.
DP25.96%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
BIT:ADB (6/5/2025, 3:11:57 PM)
8.52
-0.08 (-0.93%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners29.56%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap307.83M
Analysts45.71
Price Target9.18 (7.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
Yearly Dividend0.26
Dividend Growth(5Y)-0.96%
DP25.96%
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 | 8.35 | ||
| Fwd PE | 13.83 | ||
| P/S | 1.3 | ||
| P/FCF | 71.49 | ||
| P/OCF | 6.23 | ||
| P/B | 1.39 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.51 |
EPS(TTM)1.02
EY11.97%
EPS(NY)0.62
Fwd EY7.23%
FCF(TTM)0.12
FCFY1.4%
OCF(TTM)1.37
OCFY16.05%
SpS6.57
BVpS6.11
TBVpS-0.99
PEG (NY)N/A
PEG (5Y)2.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.14% | ||
| ROE | 16.63% | ||
| ROCE | 20.2% | ||
| ROIC | 14.39% | ||
| ROICexc | 17.04% | ||
| ROICexgc | N/A | ||
| OM | 22.48% | ||
| PM (TTM) | 15.48% | ||
| GM | 65.11% | ||
| FCFM | 1.81% |
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-Score7
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 7.51 | ||
| Debt/EBITDA | 0.34 | ||
| Cap/Depr | 348.04% | ||
| Cap/Sales | 19.01% | ||
| Interest Coverage | 40.87 | ||
| Cash Conversion | 74.53% | ||
| Profit Quality | 11.72% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z | 2.75 |
F-Score7
WACC7.97%
ROIC/WACC1.81
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)42.83%
EPS 3YN/A
EPS 5Y3.22%
EPS Q2Q%38.17%
EPS Next Y0%
EPS Next 2Y2.43%
EPS Next 3Y1.08%
EPS Next 5YN/A
Revenue 1Y (TTM)13.69%
Revenue growth 3Y41.84%
Revenue growth 5Y5.87%
Sales Q2Q%15.08%
Revenue Next Year13.4%
Revenue Next 2Y11.9%
Revenue Next 3Y5.23%
Revenue Next 5YN/A
EBIT growth 1Y34.46%
EBIT growth 3YN/A
EBIT growth 5Y2.43%
EBIT Next Year59.94%
EBIT Next 3Y22.72%
EBIT Next 5YN/A
FCF growth 1Y-28.5%
FCF growth 3YN/A
FCF growth 5Y-24.73%
OCF growth 1Y41.93%
OCF growth 3YN/A
OCF growth 5Y7.14%