AVIO SPA (AVIO.MI) Stock Fundamental Analysis
BIT:AVIO - Euronext Milan - IT0005119810 - Common Stock - Currency: EUR
Overall AVIO gets a fundamental rating of 4 out of 10. We evaluated AVIO against 46 industry peers in the Aerospace & Defense industry. The financial health of AVIO is average, but there are quite some concerns on its profitability. AVIO is valied quite expensively at the moment, while 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.
Of the past 5 years AVIO 4 years were profitable.
AVIO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.56%, AVIO is doing worse than 71.74% of the companies in the same industry.
Looking at the Return On Equity, with a value of 2.01%, AVIO is doing worse than 67.39% of the companies in the same industry.
The Return On Invested Capital of AVIO (1.26%) is worse than 82.61% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AVIO is significantly below the industry average of 8.83%.
The 3 year average ROIC (0.66%) for AVIO is below the current ROIC(1.26%), indicating increased profibility in the last year.
| 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
AVIO has a worse Profit Margin (1.27%) than 71.74% of its industry peers.
In the last couple of years the Profit Margin of AVIO has declined.
AVIO's Operating Margin of 1.27% is on the low side compared to the rest of the industry. AVIO is outperformed by 82.61% of its industry peers.
AVIO's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 71.34%, AVIO belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
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.
Compared to 1 year ago, AVIO has about the same amount of shares outstanding.
AVIO has less shares outstanding than it did 5 years ago.
AVIO has a better debt/assets ratio than last year.
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.
AVIO's Altman-Z score of 0.87 is on the low side compared to the rest of the industry. AVIO is outperformed by 86.96% of its industry peers.
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.
With an excellent Debt to FCF ratio value of 0.46, AVIO belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
A Debt/Equity ratio of 0.02 indicates that AVIO is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.02, AVIO belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.46 | ||
| Altman-Z | 0.87 |
ROIC/WACC0.14
WACC8.77%
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.
With a Current ratio value of 0.82, AVIO is not doing good in the industry: 93.48% of the companies in the same industry are doing better.
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.
AVIO has a worse Quick ratio (0.18) than 95.65% 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
The Revenue has grown by 39.78% in the past year. This is a very strong growth!
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
The Earnings Per Share is expected to grow by 28.01% on average over the next years. This is a very strong growth
Based on estimates for the next years, AVIO will show a quite strong growth in Revenue. The Revenue will grow by 13.17% 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 5Y13.17%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 97.61 indicates a quite expensive valuation of AVIO.
Based on the Price/Earnings ratio, AVIO is valued a bit more expensive than 71.74% of the companies in the same industry.
AVIO is valuated expensively when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 56.73, which means the current valuation is very expensive for AVIO.
Based on the Price/Forward Earnings ratio, AVIO is valued more expensive than 82.61% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, AVIO is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 97.61 | ||
| Fwd PE | 56.73 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AVIO.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AVIO indicates a somewhat cheap valuation: AVIO is cheaper than 76.09% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.58 | ||
| EV/EBITDA | 20.08 |
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.
AVIO's earnings are expected to grow with 28.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)27.08
PEG (5Y)N/A
EPS Next 2Y26.84%
EPS Next 3Y28.01%
5. Dividend
5.1 Amount
AVIO has a yearly dividend return of 0.79%, which is pretty low.
Compared to an average industry Dividend Yield of 1.28, AVIO has a dividend in line with its industry peers.
With a Dividend Yield of 0.79, AVIO pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.79% |
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 (6/20/2025, 7:00:00 PM)
22.45
+1.1 (+5.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners22.32%
Inst Owner ChangeN/A
Ins Owners5.05%
Ins Owner ChangeN/A
Market Cap591.78M
Analysts78
Price Target19.79 (-11.85%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.79% |
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)20.5%
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)10.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 97.61 | ||
| Fwd PE | 56.73 | ||
| P/S | 1.23 | ||
| P/FCF | 23.58 | ||
| P/OCF | 9.82 | ||
| P/B | 1.95 | ||
| P/tB | 5.32 | ||
| EV/EBITDA | 20.08 |
EPS(TTM)0.23
EY1.02%
EPS(NY)0.4
Fwd EY1.76%
FCF(TTM)0.95
FCFY4.24%
OCF(TTM)2.29
OCFY10.18%
SpS18.23
BVpS11.49
TBVpS4.22
PEG (NY)27.08
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
WACC8.77%
ROIC/WACC0.14
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 5Y13.17%
EBIT growth 1Y121.58%
EBIT growth 3Y1.51%
EBIT growth 5Y-23.36%
EBIT Next Year236.51%
EBIT Next 3Y75%
EBIT Next 5Y49.49%
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%