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 43 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. While showing a medium growth rate, AVIO is valued expensive at the moment.
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.
Of the past 5 years AVIO 4 years were profitable.
Each year in the past 5 years AVIO had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.56%, AVIO is not doing good in the industry: 69.77% of the companies in the same industry are doing better.
AVIO has a Return On Equity of 2.01%. This is in the lower half of the industry: AVIO underperforms 67.44% of its industry peers.
AVIO has a worse Return On Invested Capital (1.26%) than 79.07% of its industry peers.
AVIO had an Average Return On Invested Capital over the past 3 years of 0.66%. This is significantly below the industry average of 9.22%.
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
With a Profit Margin value of 1.27%, AVIO is not doing good in the industry: 67.44% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of AVIO has declined.
AVIO has a Operating Margin of 1.27%. This is in the lower half of the industry: AVIO underperforms 79.07% of its industry peers.
In the last couple of years the Operating Margin of AVIO has declined.
AVIO's Gross Margin of 71.34% is amongst the best of the industry. AVIO outperforms 95.35% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVIO is destroying value.
AVIO has about the same amout of shares outstanding than it did 1 year ago.
AVIO has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AVIO has an improved debt to assets ratio.
2.2 Solvency
AVIO has an Altman-Z score of 0.87. This is a bad value and indicates that AVIO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AVIO (0.87) is worse than 86.05% of its industry peers.
AVIO has a debt to FCF ratio of 0.46. This is a very positive value and a sign of high solvency as it would only need 0.46 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.46, AVIO belongs to the best of the industry, outperforming 95.35% of the companies in the same industry.
A Debt/Equity ratio of 0.02 indicates that AVIO is not too dependend on debt financing.
AVIO's Debt to Equity ratio of 0.02 is amongst the best of the industry. AVIO outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.46 | ||
| Altman-Z | 0.87 |
ROIC/WACC0.15
WACC8.57%
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's Current ratio of 0.82 is on the low side compared to the rest of the industry. AVIO is outperformed by 93.02% of its industry peers.
A Quick Ratio of 0.18 indicates that AVIO may have some problems paying its short term obligations.
AVIO has a worse Quick ratio (0.18) than 97.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
The earnings per share for AVIO have decreased by -6.18% in the last year.
The earnings per share for AVIO have been decreasing by -25.27% on average. This is quite bad
AVIO shows a strong growth in Revenue. In the last year, the Revenue has grown by 39.78%.
The Revenue has been growing slightly by 4.20% on average over the past years.
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
Based on estimates for the next years, AVIO will show a very strong growth in Earnings Per Share. The EPS will grow by 28.01% on average per year.
The Revenue is expected to grow by 8.04% on average over the next years. This is quite good.
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
A Price/Earnings ratio of 92.61 indicates a quite expensive valuation of AVIO.
69.77% of the companies in the same industry are cheaper than AVIO, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of AVIO to the average of the S&P500 Index (26.25), we can say AVIO is valued expensively.
A Price/Forward Earnings ratio of 53.82 indicates a quite expensive valuation of AVIO.
Based on the Price/Forward Earnings ratio, AVIO is valued more expensive than 81.40% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.15. AVIO is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 92.61 | ||
| Fwd PE | 53.82 |
4.2 Price Multiples
AVIO's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, AVIO is valued cheaply inside the industry as 83.72% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.37 | ||
| EV/EBITDA | 20.02 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AVIO does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as AVIO's earnings are expected to grow with 28.01% in the coming years.
PEG (NY)25.69
PEG (5Y)N/A
EPS Next 2Y26.84%
EPS Next 3Y28.01%
5. Dividend
5.1 Amount
AVIO has a yearly dividend return of 0.74%, which is pretty low.
Compared to an average industry Dividend Yield of 1.24, AVIO has a dividend in line with its industry peers.
With a Dividend Yield of 0.74, AVIO pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
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
98.57% of the earnings are spent on dividend by AVIO. This is not a sustainable payout ratio.
DP98.57%
EPS Next 2Y26.84%
EPS Next 3Y28.01%
BIT:AVIO (5/30/2025, 7:00:00 PM)
21.3
0 (0%)
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 Cap561.47M
Analysts78
Price Target19.79 (-7.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.74% |
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)0%
PT rev (3m)28.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-32.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 92.61 | ||
| Fwd PE | 53.82 | ||
| P/S | 1.17 | ||
| P/FCF | 22.37 | ||
| P/OCF | 9.32 | ||
| P/B | 1.85 | ||
| P/tB | 5.05 | ||
| EV/EBITDA | 20.02 |
EPS(TTM)0.23
EY1.08%
EPS(NY)0.4
Fwd EY1.86%
FCF(TTM)0.95
FCFY4.47%
OCF(TTM)2.29
OCFY10.73%
SpS18.23
BVpS11.49
TBVpS4.22
PEG (NY)25.69
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 | 0.87 |
F-Score5
WACC8.57%
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%