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ENAV SPA (ENAV.MI) Stock Fundamental Analysis

BIT:ENAV - Euronext Milan - IT0005176406 - Common Stock - Currency: EUR

3.976  -0.02 (-0.6%)

Fundamental Rating

4

Taking everything into account, ENAV scores 4 out of 10 in our fundamental rating. ENAV was compared to 10 industry peers in the Transportation Infrastructure industry. ENAV has only an average score on both its financial health and profitability. ENAV has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year ENAV was profitable.
ENAV had a positive operating cash flow in the past year.
Of the past 5 years ENAV 4 years were profitable.
The reported operating cash flow has been mixed in the past 5 years: ENAV reported negative operating cash flow in multiple years.
ENAV.MI Yearly Net Income VS EBIT VS OCF VS FCFENAV.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M

1.2 Ratios

ENAV's Return On Assets of 7.44% is amongst the best of the industry. ENAV outperforms 90.00% of its industry peers.
ENAV has a better Return On Equity (15.34%) than 90.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.00%, ENAV is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Industry RankSector Rank
ROA 7.44%
ROE 15.34%
ROIC 10%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ENAV.MI Yearly ROA, ROE, ROICENAV.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

ENAV's Profit Margin of 11.71% is fine compared to the rest of the industry. ENAV outperforms 70.00% of its industry peers.
In the last couple of years the Profit Margin of ENAV has declined.
ENAV has a Operating Margin (18.46%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ENAV has declined.
With an excellent Gross Margin value of 101.70%, ENAV belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of ENAV has remained more or less at the same level.
Industry RankSector Rank
OM 18.46%
PM (TTM) 11.71%
GM 101.7%
OM growth 3Y20.55%
OM growth 5Y-1.74%
PM growth 3Y16.7%
PM growth 5Y-2.85%
GM growth 3Y-0.19%
GM growth 5Y-0.08%
ENAV.MI Yearly Profit, Operating, Gross MarginsENAV.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80 100

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ENAV is still creating some value.
There is no outstanding debt for ENAV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ENAV.MI Yearly Shares OutstandingENAV.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M
ENAV.MI Yearly Total Debt VS Total AssetsENAV.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 2.64 indicates that ENAV is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.64, ENAV is doing good in the industry, outperforming 80.00% of the companies in the same industry.
The Debt to FCF ratio of ENAV is 4.51, which is a neutral value as it means it would take ENAV, 4.51 years of fcf income to pay off all of its debts.
ENAV has a Debt to FCF ratio of 4.51. This is in the better half of the industry: ENAV outperforms 70.00% of its industry peers.
ENAV has a Debt/Equity ratio of 0.51. This is a neutral value indicating ENAV is somewhat dependend on debt financing.
The Debt to Equity ratio of ENAV (0.51) is better than 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 4.51
Altman-Z 2.64
ROIC/WACC1.26
WACC7.92%
ENAV.MI Yearly LT Debt VS Equity VS FCFENAV.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

ENAV has a Current Ratio of 1.83. This is a normal value and indicates that ENAV is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.83, ENAV is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
ENAV has a Quick Ratio of 1.68. This is a normal value and indicates that ENAV is financially healthy and should not expect problems in meeting its short term obligations.
ENAV's Quick ratio of 1.68 is fine compared to the rest of the industry. ENAV outperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.83
Quick Ratio 1.68
ENAV.MI Yearly Current Assets VS Current LiabilitesENAV.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M

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1

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 15.00% over the past year.
EPS 1Y (TTM)15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.59%

3.2 Future

ENAV is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.13% yearly.
ENAV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.67% yearly.
EPS Next Y-30.89%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
EPS Next 5YN/A
Revenue Next Year0%
Revenue Next 2Y1.78%
Revenue Next 3Y2.54%
Revenue Next 5Y0.67%

3.3 Evolution

ENAV.MI Yearly Revenue VS EstimatesENAV.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
ENAV.MI Yearly EPS VS EstimatesENAV.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.05 0.1 0.15 0.2

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2

4. Valuation

4.1 Price/Earnings Ratio

ENAV is valuated rather expensively with a Price/Earnings ratio of 17.29.
Compared to the rest of the industry, the Price/Earnings ratio of ENAV indicates a somewhat cheap valuation: ENAV is cheaper than 70.00% of the companies listed in the same industry.
ENAV is valuated rather cheaply when we compare the Price/Earnings ratio to 28.10, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 25.01, ENAV can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, ENAV is valued a bit more expensive than 60.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.74, ENAV is valued a bit more expensive.
Industry RankSector Rank
PE 17.29
Fwd PE 25.01
ENAV.MI Price Earnings VS Forward Price EarningsENAV.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as ENAV.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENAV is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 16.21
EV/EBITDA 6.43
ENAV.MI Per share dataENAV.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

ENAV's earnings are expected to decrease with -3.13% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.17%, ENAV is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.10, ENAV pays a bit more dividend than its industry peers.
ENAV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
Industry RankSector Rank
Dividend Yield 7.17%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

134.38% of the earnings are spent on dividend by ENAV. This is not a sustainable payout ratio.
DP134.38%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
ENAV.MI Yearly Income VS Free CF VS DividendENAV.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M
ENAV.MI Dividend Payout.ENAV.MI Dividend Payout, showing the Payout Ratio.ENAV.MI Dividend Payout.PayoutRetained Earnings

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ENAV SPA

BIT:ENAV (5/6/2025, 5:35:15 PM)

3.976

-0.02 (-0.6%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)04-17 2025-04-17/amc
Earnings (Next)05-14 2025-05-14
Inst Owners20.53%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.15B
Analysts76.92
Price Target4.34 (9.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.17%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP134.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.38%
Min EPS beat(2)-7.73%
Max EPS beat(2)-5.04%
EPS beat(4)1
Avg EPS beat(4)2.54%
Min EPS beat(4)-7.73%
Max EPS beat(4)25.69%
EPS beat(8)1
Avg EPS beat(8)-7.39%
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)1
Avg Revenue beat(2)-1.69%
Min Revenue beat(2)-4.06%
Max Revenue beat(2)0.69%
Revenue beat(4)1
Avg Revenue beat(4)-3.56%
Min Revenue beat(4)-8.07%
Max Revenue beat(4)0.69%
Revenue beat(8)4
Avg Revenue beat(8)12.04%
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)-2.88%
PT rev (3m)-11.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.65%
EPS NY rev (3m)-3.79%
Revenue NQ rev (1m)-2.76%
Revenue NQ rev (3m)-2.76%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-0.09%
Valuation
Industry RankSector Rank
PE 17.29
Fwd PE 25.01
P/S 1.47
P/FCF 16.21
P/OCF 8.69
P/B 1.92
P/tB 2.31
EV/EBITDA 6.43
EPS(TTM)0.23
EY5.78%
EPS(NY)0.16
Fwd EY4%
FCF(TTM)0.25
FCFY6.17%
OCF(TTM)0.46
OCFY11.51%
SpS2.71
BVpS2.07
TBVpS1.72
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.44%
ROE 15.34%
ROCE 14.23%
ROIC 10%
ROICexc 11.17%
ROICexgc 12.54%
OM 18.46%
PM (TTM) 11.71%
GM 101.7%
FCFM 9.06%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y20.55%
OM growth 5Y-1.74%
PM growth 3Y16.7%
PM growth 5Y-2.85%
GM growth 3Y-0.19%
GM growth 5Y-0.08%
F-Score7
Asset Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 4.51
Debt/EBITDA 1.44
Cap/Depr 89.79%
Cap/Sales 7.84%
Interest Coverage 250
Cash Conversion 62.13%
Profit Quality 77.32%
Current Ratio 1.83
Quick Ratio 1.68
Altman-Z 2.64
F-Score7
WACC7.92%
ROIC/WACC1.26
Cap/Depr(3y)76.54%
Cap/Depr(5y)75.85%
Cap/Sales(3y)10.99%
Cap/Sales(5y)11.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y-30.89%
EPS Next 2Y-9.38%
EPS Next 3Y-3.13%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%19.59%
Revenue Next Year0%
Revenue Next 2Y1.78%
Revenue Next 3Y2.54%
Revenue Next 5Y0.67%
EBIT growth 1Y24.68%
EBIT growth 3Y31.87%
EBIT growth 5Y0.89%
EBIT Next Year83.48%
EBIT Next 3Y18.14%
EBIT Next 5Y12.63%
FCF growth 1Y239.27%
FCF growth 3YN/A
FCF growth 5Y-12.12%
OCF growth 1Y2948.67%
OCF growth 3YN/A
OCF growth 5Y-7.32%