AVIO SPA (AVIO.MI) Stock Fundamental Analysis
BIT:AVIO - Euronext Milan - IT0005119810 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to AVIO. AVIO was compared to 39 industry peers in the Aerospace & Defense industry. AVIO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. AVIO is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AVIO was profitable.
In the past year AVIO had a positive cash flow from operations.
AVIO had positive earnings in 4 of the past 5 years.
In the past 5 years AVIO always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.56%, AVIO is doing worse than 69.23% of the companies in the same industry.
AVIO's Return On Equity of 2.01% is on the low side compared to the rest of the industry. AVIO is outperformed by 66.67% of its industry peers.
With a Return On Invested Capital value of 1.26%, AVIO is not doing good in the industry: 82.05% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for AVIO is significantly below the industry average of 9.46%.
The last Return On Invested Capital (1.26%) for AVIO is above the 3 year average (0.66%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 2.01% | ||
| ROIC | 1.26% |
ROA(3y)0.38%
ROA(5y)0.62%
ROE(3y)1.34%
ROE(5y)2.3%
ROIC(3y)0.66%
ROIC(5y)0.97%
1.3 Margins
The Profit Margin of AVIO (1.27%) is worse than 66.67% of its industry peers.
In the last couple of years the Profit Margin of AVIO has declined.
AVIO has a worse Operating Margin (1.27%) than 82.05% of its industry peers.
In the last couple of years the Operating Margin of AVIO has declined.
AVIO has a better Gross Margin (71.34%) than 94.87% of its industry peers.
In the last couple of years the Gross Margin of AVIO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.27% | ||
| PM (TTM) | 1.27% | ||
| GM | 71.34% |
OM growth 3Y-11.34%
OM growth 5Y-26.45%
PM growth 3Y-21.8%
PM growth 5Y-28.33%
GM growth 3Y-3.07%
GM growth 5Y-0.75%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AVIO is destroying value.
The number of shares outstanding for AVIO remains at a similar level compared to 1 year ago.
Compared to 5 years ago, AVIO has less shares outstanding
AVIO has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.84, we must say that AVIO is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.84, AVIO is not doing good in the industry: 84.62% of the companies in the same industry are doing better.
The Debt to FCF ratio of AVIO is 0.46, which is an excellent value as it means it would take AVIO, only 0.46 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AVIO (0.46) is better than 94.87% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that AVIO is not too dependend on debt financing.
AVIO has a Debt to Equity ratio of 0.02. This is amongst the best in the industry. AVIO outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.46 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.15
WACC8.34%
2.3 Liquidity
AVIO has a Current Ratio of 0.82. This is a bad value and indicates that AVIO is not financially healthy enough and could expect problems in meeting its short term obligations.
AVIO has a worse Current ratio (0.82) than 92.31% of its industry peers.
AVIO has a Quick Ratio of 0.82. This is a bad value and indicates that AVIO is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.18, AVIO is not doing good in the industry: 97.44% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
AVIO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.18%.
Measured over the past years, AVIO shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -25.27% on average per year.
The Revenue has grown by 39.78% in the past year. This is a very strong growth!
AVIO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.20% yearly.
EPS 1Y (TTM)-6.18%
EPS 3Y-10.47%
EPS 5Y-25.27%
EPS Q2Q%-35.96%
Revenue 1Y (TTM)39.78%
Revenue growth 3Y14.49%
Revenue growth 5Y4.2%
Sales Q2Q%45.08%
3.2 Future
AVIO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.01% yearly.
Based on estimates for the next years, AVIO will show a quite strong growth in Revenue. The Revenue will grow by 8.04% on average per year.
EPS Next Y3.6%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
EPS Next 5YN/A
Revenue Next Year23.29%
Revenue Next 2Y18.32%
Revenue Next 3Y13.58%
Revenue Next 5Y8.04%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 86.98, the valuation of AVIO can be described as expensive.
Based on the Price/Earnings ratio, AVIO is valued a bit more expensive than the industry average as 69.23% of the companies are valued more cheaply.
AVIO's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.29.
AVIO is valuated quite expensively with a Price/Forward Earnings ratio of 50.55.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVIO indicates a slightly more expensive valuation: AVIO is more expensive than 79.49% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.42, AVIO is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 86.98 | ||
| Fwd PE | 50.55 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AVIO.
Based on the Price/Free Cash Flow ratio, AVIO is valued cheaply inside the industry as 87.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.01 | ||
| EV/EBITDA | 18.68 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
AVIO's earnings are expected to grow with 28.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)24.13
PEG (5Y)N/A
EPS Next 2Y26.84%
EPS Next 3Y28.01%
5. Dividend
5.1 Amount
AVIO has a yearly dividend return of 0.78%, which is pretty low.
Compared to an average industry Dividend Yield of 1.35, AVIO has a dividend in line with its industry peers.
With a Dividend Yield of 0.78, AVIO pays less dividend than the S&P500 average, which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
5.2 History
The dividend of AVIO decreases each year by -8.97%.
Dividend Growth(5Y)-8.97%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AVIO pays out 98.57% of its income as dividend. This is not a sustainable payout ratio.
DP98.57%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
BIT:AVIO (5/7/2025, 2:05:13 PM)
20.005
-0.1 (-0.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners24.32%
Inst Owner ChangeN/A
Ins Owners7.38%
Ins Owner ChangeN/A
Market Cap527.33M
Analysts78
Price Target19.79 (-1.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.78% |
Yearly Dividend0.24
Dividend Growth(5Y)-8.97%
DP98.57%
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)17.93%
PT rev (3m)28.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-13.97%
EPS NY rev (3m)-35.44%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)10.56%
Revenue NY rev (3m)8.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 86.98 | ||
| Fwd PE | 50.55 | ||
| P/S | 1.1 | ||
| P/FCF | 21.01 | ||
| P/OCF | 8.75 | ||
| P/B | 1.74 | ||
| P/tB | 4.74 | ||
| EV/EBITDA | 18.68 |
EPS(TTM)0.23
EY1.15%
EPS(NY)0.4
Fwd EY1.98%
FCF(TTM)0.95
FCFY4.76%
OCF(TTM)2.29
OCFY11.43%
SpS18.23
BVpS11.49
TBVpS4.22
PEG (NY)24.13
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 2.01% | ||
| ROCE | 1.68% | ||
| ROIC | 1.26% | ||
| ROICexc | 1.74% | ||
| ROICexgc | 6.45% | ||
| OM | 1.27% | ||
| PM (TTM) | 1.27% | ||
| GM | 71.34% | ||
| FCFM | 5.23% |
ROA(3y)0.38%
ROA(5y)0.62%
ROE(3y)1.34%
ROE(5y)2.3%
ROIC(3y)0.66%
ROIC(5y)0.97%
ROICexc(3y)0.91%
ROICexc(5y)1.29%
ROICexgc(3y)2.89%
ROICexgc(5y)3.17%
ROCE(3y)0.89%
ROCE(5y)1.32%
ROICexcg growth 3Y42.71%
ROICexcg growth 5Y-4.13%
ROICexc growth 3Y15.59%
ROICexc growth 5Y-16.6%
OM growth 3Y-11.34%
OM growth 5Y-26.45%
PM growth 3Y-21.8%
PM growth 5Y-28.33%
GM growth 3Y-3.07%
GM growth 5Y-0.75%
F-Score5
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.46 | ||
| Debt/EBITDA | 0.28 | ||
| Cap/Depr | 201.66% | ||
| Cap/Sales | 7.32% | ||
| Interest Coverage | 14.17 | ||
| Cash Conversion | 255.95% | ||
| Profit Quality | 412.38% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | 0.84 |
F-Score5
WACC8.34%
ROIC/WACC0.15
Cap/Depr(3y)202.98%
Cap/Depr(5y)189.55%
Cap/Sales(3y)8.88%
Cap/Sales(5y)9.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.18%
EPS 3Y-10.47%
EPS 5Y-25.27%
EPS Q2Q%-35.96%
EPS Next Y3.6%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
EPS Next 5YN/A
Revenue 1Y (TTM)39.78%
Revenue growth 3Y14.49%
Revenue growth 5Y4.2%
Sales Q2Q%45.08%
Revenue Next Year23.29%
Revenue Next 2Y18.32%
Revenue Next 3Y13.58%
Revenue Next 5Y8.04%
EBIT growth 1Y121.58%
EBIT growth 3Y1.51%
EBIT growth 5Y-23.36%
EBIT Next Year236.51%
EBIT Next 3Y75%
EBIT Next 5Y60.85%
FCF growth 1Y309.03%
FCF growth 3Y49.31%
FCF growth 5Y-6.88%
OCF growth 1Y41.86%
OCF growth 3Y13.46%
OCF growth 5Y-1.69%