LEONARDO SPA (FMNB.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:FMNB - IT0003856405 - Common Stock
46.03 EUR
-3.23 (-6.56%)
Overall FMNB gets a fundamental rating of 5 out of 10. We evaluated FMNB against 48 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of FMNB while its profitability can be described as average. FMNB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FMNB had positive earnings in the past year.
In the past 5 years FMNB has always been profitable.
Each year in the past 5 years FMNB had a positive operating cash flow.
1.2 Ratios
FMNB has a better Return On Assets (4.86%) than 66.67% of its industry peers.
FMNB has a better Return On Equity (17.66%) than 64.44% of its industry peers.
FMNB has a Return On Invested Capital of 11.75%. This is amongst the best in the industry. FMNB outperforms 82.22% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FMNB is below the industry average of 9.32%.
The last Return On Invested Capital (11.75%) for FMNB is above the 3 year average (6.61%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 17.66% | ||
| ROIC | 11.75% |
ROA(3y)2.86%
ROA(5y)2.31%
ROE(3y)11.1%
ROE(5y)9.4%
ROIC(3y)6.61%
ROIC(5y)6.35%
1.3 Margins
FMNB's Profit Margin of 5.80% is in line compared to the rest of the industry. FMNB outperforms 53.33% of its industry peers.
FMNB's Profit Margin has been stable in the last couple of years.
FMNB has a worse Operating Margin (7.54%) than 60.00% of its industry peers.
FMNB's Operating Margin has been stable in the last couple of years.
FMNB's Gross Margin of 30.12% is in line compared to the rest of the industry. FMNB outperforms 48.89% of its industry peers.
FMNB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.54% | ||
| PM (TTM) | 5.8% | ||
| GM | 30.12% |
OM growth 3Y4.63%
OM growth 5Y-1.19%
PM growth 3Y13.4%
PM growth 5Y0.3%
GM growth 3Y1.05%
GM growth 5Y-0.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FMNB is still creating some value.
The number of shares outstanding for FMNB remains at a similar level compared to 1 year ago.
Compared to 5 years ago, FMNB has more shares outstanding
Compared to 1 year ago, FMNB has an improved debt to assets ratio.
2.2 Solvency
FMNB has an Altman-Z score of 1.99. This is not the best score and indicates that FMNB is in the grey zone with still only limited risk for bankruptcy at the moment.
FMNB's Altman-Z score of 1.99 is on the low side compared to the rest of the industry. FMNB is outperformed by 62.22% of its industry peers.
FMNB has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
FMNB has a Debt to Equity ratio of 0.22. This is amongst the best in the industry. FMNB outperforms 84.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.99 |
ROIC/WACC1.54
WACC7.61%
2.3 Liquidity
FMNB has a Current Ratio of 0.97. This is a bad value and indicates that FMNB is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of FMNB (0.97) is worse than 80.00% of its industry peers.
FMNB has a Quick Ratio of 0.97. This is a bad value and indicates that FMNB is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.59, FMNB is doing worse than 71.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
FMNB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.53%, which is quite impressive.
FMNB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.48% yearly.
Looking at the last year, FMNB shows a quite strong growth in Revenue. The Revenue has grown by 13.44% in the last year.
FMNB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.20% yearly.
EPS 1Y (TTM)24.53%
EPS 3Y9.76%
EPS 5Y-4.48%
EPS Q2Q%24.06%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
3.2 Future
FMNB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.56% yearly.
Based on estimates for the next years, FMNB will show a quite strong growth in Revenue. The Revenue will grow by 9.34% on average per year.
EPS Next Y39.91%
EPS Next 2Y29%
EPS Next 3Y25.37%
EPS Next 5Y24.56%
Revenue Next Year8.88%
Revenue Next 2Y8.58%
Revenue Next 3Y8.09%
Revenue Next 5Y9.34%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 30.28, FMNB can be considered very expensive at the moment.
FMNB's Price/Earnings ratio is a bit cheaper when compared to the industry. FMNB is cheaper than 66.67% of the companies in the same industry.
FMNB's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.47.
FMNB is valuated rather expensively with a Price/Forward Earnings ratio of 21.34.
71.11% of the companies in the same industry are more expensive than FMNB, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.42, FMNB is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.28 | ||
| Fwd PE | 21.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FMNB is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.22 |
4.3 Compensation for Growth
FMNB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FMNB has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as FMNB's earnings are expected to grow with 25.37% in the coming years.
PEG (NY)0.76
PEG (5Y)N/A
EPS Next 2Y29%
EPS Next 3Y25.37%
5. Dividend
5.1 Amount
FMNB has a Yearly Dividend Yield of 1.06%. Purely for dividend investing, there may be better candidates out there.
FMNB's Dividend Yield is a higher than the industry average which is at 1.19.
Compared to an average S&P500 Dividend Yield of 2.41, FMNB's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
On average, the dividend of FMNB grows each year by 16.88%, which is quite nice.
Dividend Growth(5Y)16.88%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
11.14% of the earnings are spent on dividend by FMNB. This is a low number and sustainable payout ratio.
FMNB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP11.14%
EPS Next 2Y29%
EPS Next 3Y25.37%
FRA:FMNB (11/21/2025, 7:00:00 PM)
46.03
-3.23 (-6.56%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners24.11%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap26.61B
Revenue(TTM)27.38B
Net Income(TTM)1.59B
Analysts78.18
Price Target57.16 (24.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Yearly Dividend0.31
Dividend Growth(5Y)16.88%
DP11.14%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.5%
Min EPS beat(2)17.25%
Max EPS beat(2)17.74%
EPS beat(4)4
Avg EPS beat(4)15.67%
Min EPS beat(4)1.01%
Max EPS beat(4)26.68%
EPS beat(8)6
Avg EPS beat(8)71.65%
EPS beat(12)7
Avg EPS beat(12)44.7%
EPS beat(16)11
Avg EPS beat(16)80.04%
Revenue beat(2)2
Avg Revenue beat(2)3.02%
Min Revenue beat(2)2.94%
Max Revenue beat(2)3.1%
Revenue beat(4)3
Avg Revenue beat(4)15.74%
Min Revenue beat(4)-15.16%
Max Revenue beat(4)72.09%
Revenue beat(8)7
Avg Revenue beat(8)30.09%
Revenue beat(12)9
Avg Revenue beat(12)31.79%
Revenue beat(16)13
Avg Revenue beat(16)45.5%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.28 | ||
| Fwd PE | 21.34 | ||
| P/S | 0.97 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.96 | ||
| P/tB | 53.87 | ||
| EV/EBITDA | 10.22 |
EPS(TTM)1.52
EY3.3%
EPS(NY)2.16
Fwd EY4.69%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS47.36
BVpS15.57
TBVpS0.85
PEG (NY)0.76
PEG (5Y)N/A
Graham Number23.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 17.66% | ||
| ROCE | 14.29% | ||
| ROIC | 11.75% | ||
| ROICexc | 13.43% | ||
| ROICexgc | 41.04% | ||
| OM | 7.54% | ||
| PM (TTM) | 5.8% | ||
| GM | 30.12% | ||
| FCFM | N/A |
ROA(3y)2.86%
ROA(5y)2.31%
ROE(3y)11.1%
ROE(5y)9.4%
ROIC(3y)6.61%
ROIC(5y)6.35%
ROICexc(3y)7.82%
ROICexc(5y)7.66%
ROICexgc(3y)23.66%
ROICexgc(5y)24.69%
ROCE(3y)8.05%
ROCE(5y)7.73%
ROICexgc growth 3Y7.63%
ROICexgc growth 5Y-1.46%
ROICexc growth 3Y6%
ROICexc growth 5Y-1.29%
OM growth 3Y4.63%
OM growth 5Y-1.19%
PM growth 3Y13.4%
PM growth 5Y0.3%
GM growth 3Y1.05%
GM growth 5Y-0.43%
F-ScoreN/A
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.69 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 1.99 |
F-ScoreN/A
WACC7.61%
ROIC/WACC1.54
Cap/Depr(3y)119.32%
Cap/Depr(5y)102.84%
Cap/Sales(3y)5.11%
Cap/Sales(5y)4.4%
Profit Quality(3y)54.54%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.53%
EPS 3Y9.76%
EPS 5Y-4.48%
EPS Q2Q%24.06%
EPS Next Y39.91%
EPS Next 2Y29%
EPS Next 3Y25.37%
EPS Next 5Y24.56%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
Revenue Next Year8.88%
Revenue Next 2Y8.58%
Revenue Next 3Y8.09%
Revenue Next 5Y9.34%
EBIT growth 1Y36.48%
EBIT growth 3Y12.91%
EBIT growth 5Y3.95%
EBIT Next Year72.46%
EBIT Next 3Y29.29%
EBIT Next 5Y25.54%
FCF growth 1Y59.9%
FCF growth 3Y71.98%
FCF growth 5Y70.37%
OCF growth 1Y29.93%
OCF growth 3Y27.59%
OCF growth 5Y19.25%
LEONARDO SPA / FMNB.DE FAQ
Can you provide the ChartMill fundamental rating for LEONARDO SPA?
ChartMill assigns a fundamental rating of 5 / 10 to FMNB.DE.
Can you provide the valuation status for LEONARDO SPA?
ChartMill assigns a valuation rating of 5 / 10 to LEONARDO SPA (FMNB.DE). This can be considered as Fairly Valued.
What is the profitability of FMNB stock?
LEONARDO SPA (FMNB.DE) has a profitability rating of 6 / 10.
What is the financial health of LEONARDO SPA (FMNB.DE) stock?
The financial health rating of LEONARDO SPA (FMNB.DE) is 2 / 10.
Is the dividend of LEONARDO SPA sustainable?
The dividend rating of LEONARDO SPA (FMNB.DE) is 6 / 10 and the dividend payout ratio is 11.14%.