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 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
ADB had positive earnings in the past year.
In the past year ADB had a positive cash flow from operations.
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
ADB has a Return On Assets of 10.11%. This is amongst the best in the industry. ADB outperforms 100.00% 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 100.00% of the companies in the same industry.
ADB's Return On Invested Capital of 14.25% is amongst the best of the industry. ADB outperforms 100.00% of its industry peers.
ADB had an Average Return On Invested Capital over the past 3 years of 7.01%. This is in line with the industry average of 6.24%.
The last Return On Invested Capital (14.25%) for ADB is above the 3 year average (7.01%), which is a sign of increasing profitability.
| 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 80.00% of the companies in the same industry.
In the last couple of years the Profit Margin of ADB has declined.
ADB has a Operating Margin of 21.89%. This is in the better half of the industry: ADB outperforms 80.00% of its industry peers.
In the last couple of years the Operating Margin of ADB has declined.
ADB's Gross Margin of 64.08% is in line compared to the rest of the industry. ADB outperforms 50.00% 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
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.
Compared to 5 years ago, ADB has about the same amount of shares outstanding.
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.
The Altman-Z score of ADB (2.81) is better than 80.00% of its industry peers.
ADB has a debt to FCF ratio of 8.96. This is a slightly negative value and a sign of low solvency as ADB would need 8.96 years to pay back of all of its debts.
ADB's Debt to FCF ratio of 8.96 is in line compared to the rest of the industry. ADB outperforms 60.00% of its industry peers.
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 100.00% 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
ADB has a Current 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 Current 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.
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 has a worse Quick ratio (0.60) than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.6 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 29.35% over the past year.
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%.
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)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.
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.
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
A Price/Earnings ratio of 8.32 indicates a reasonable valuation of ADB.
Based on the Price/Earnings ratio, ADB is valued cheaper than 100.00% of the companies in the same industry.
ADB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.82.
A Price/Forward Earnings ratio of 13.00 indicates a correct valuation of ADB.
ADB's Price/Forward Earnings ratio is rather cheap when compared to the industry. ADB is cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ADB to the average of the S&P500 Index (36.21), we can say ADB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.32 | ||
| Fwd PE | 13 |
4.2 Price Multiples
ADB's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ADB is 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 | 90.92 | ||
| EV/EBITDA | 4.57 |
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)2.58
EPS Next 2Y2.43%
EPS Next 3Y1.08%
5. Dividend
5.1 Amount
ADB has a Yearly Dividend Yield of 5.63%, which is a nice return.
Compared to an average industry Dividend Yield of 5.11, ADB pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, ADB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.63% |
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 (8/1/2025, 7:00:00 PM)
8.4
+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 Cap303.49M
Analysts45.71
Price Target9.18 (9.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.63% |
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 | 8.32 | ||
| Fwd PE | 13 | ||
| P/S | 1.25 | ||
| P/FCF | 90.92 | ||
| P/OCF | 6.55 | ||
| P/B | 1.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.57 |
EPS(TTM)1.01
EY12.02%
EPS(NY)0.65
Fwd EY7.7%
FCF(TTM)0.09
FCFY1.1%
OCF(TTM)1.28
OCFY15.26%
SpS6.72
BVpS6.2
TBVpS-1.06
PEG (NY)N/A
PEG (5Y)2.58
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%