LEONARDO SPA (FMNB.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:FMNB - IT0003856405 - Common Stock
48.85 EUR
+1.63 (+3.45%)
Overall FMNB gets a fundamental rating of 5 out of 10. We evaluated FMNB against 45 industry peers in the Aerospace & Defense industry. While FMNB is still in line with the averages on profitability rating, there are concerns on its financial health. FMNB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
FMNB had positive earnings in the past year.
FMNB had positive earnings in each of the past 5 years.
Each year in the past 5 years FMNB had a positive operating cash flow.
1.2 Ratios
The Return On Assets of FMNB (4.86%) is better than 66.67% of its industry peers.
The Return On Equity of FMNB (17.66%) is better than 62.22% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.75%, FMNB is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FMNB is below the industry average of 9.26%.
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.
In the last couple of years the Profit Margin of FMNB has remained more or less at the same level.
With a Operating Margin value of 7.54%, FMNB is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FMNB has remained more or less at the same level.
The Gross Margin of FMNB (30.12%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of FMNB has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FMNB is creating some value.
The number of shares outstanding for FMNB remains at a similar level compared to 1 year ago.
The number of shares outstanding for FMNB has been increased compared to 5 years ago.
The debt/assets ratio for FMNB has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.03 indicates that FMNB is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.03, FMNB is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.22 indicates that FMNB is not too dependend on debt financing.
FMNB has a better Debt to Equity ratio (0.22) than 84.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.03 |
ROIC/WACC1.41
WACC8.32%
2.3 Liquidity
A Current Ratio of 0.97 indicates that FMNB may have some problems paying its short term obligations.
With a Current ratio value of 0.97, FMNB is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
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.
With a Quick ratio value of 0.59, FMNB is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.53% over the past year.
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.
Measured over the past years, FMNB shows a small growth in Revenue. The Revenue has been growing by 5.20% on average per year.
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
The Earnings Per Share is expected to grow by 24.51% on average over the next years. This is a very strong growth
FMNB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.77% yearly.
EPS Next Y45.99%
EPS Next 2Y31.94%
EPS Next 3Y26.81%
EPS Next 5Y24.51%
Revenue Next Year10.39%
Revenue Next 2Y9.34%
Revenue Next 3Y8.66%
Revenue Next 5Y8.77%
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
FMNB is valuated quite expensively with a Price/Earnings ratio of 32.14.
Compared to the rest of the industry, the Price/Earnings ratio of FMNB indicates a somewhat cheap valuation: FMNB is cheaper than 68.89% of the companies listed in the same industry.
FMNB is valuated rather expensively when we compare the Price/Earnings ratio to 26.77, which is the current average of the S&P500 Index.
FMNB is valuated rather expensively with a Price/Forward Earnings ratio of 21.65.
FMNB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FMNB is cheaper than 73.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.35. FMNB is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.14 | ||
| Fwd PE | 21.65 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FMNB is valued cheaply inside the industry as 91.11% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.8 |
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's earnings are expected to grow with 26.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.7
PEG (5Y)N/A
EPS Next 2Y31.94%
EPS Next 3Y26.81%
5. Dividend
5.1 Amount
FMNB has a Yearly Dividend Yield of 1.05%.
Compared to an average industry Dividend Yield of 0.90, FMNB pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.05, FMNB pays less dividend than the S&P500 average, which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
The dividend of FMNB is nicely growing with an annual growth rate of 16.88%!
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.
The dividend of FMNB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP11.14%
EPS Next 2Y31.94%
EPS Next 3Y26.81%
FRA:FMNB (12/30/2025, 7:00:00 PM)
48.85
+1.63 (+3.45%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners26.09%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap28.24B
Revenue(TTM)27.38B
Net Income(TTM)1.59B
Analysts78.18
Price Target60.92 (24.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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)6.57%
PT rev (3m)N/A
EPS NQ rev (1m)-16.58%
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.34%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0.87%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.39%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.14 | ||
| Fwd PE | 21.65 | ||
| P/S | 1.03 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.14 | ||
| P/tB | 57.17 | ||
| EV/EBITDA | 10.8 |
EPS(TTM)1.52
EY3.11%
EPS(NY)2.26
Fwd EY4.62%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS47.36
BVpS15.57
TBVpS0.85
PEG (NY)0.7
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 | 2.03 |
F-ScoreN/A
WACC8.32%
ROIC/WACC1.41
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 Y45.99%
EPS Next 2Y31.94%
EPS Next 3Y26.81%
EPS Next 5Y24.51%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
Revenue Next Year10.39%
Revenue Next 2Y9.34%
Revenue Next 3Y8.66%
Revenue Next 5Y8.77%
EBIT growth 1Y36.48%
EBIT growth 3Y12.91%
EBIT growth 5Y3.95%
EBIT Next Year74.18%
EBIT Next 3Y30.48%
EBIT Next 5Y26.34%
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 4 / 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 5 / 10.
What is the financial health of LEONARDO SPA (FMNB.DE) stock?
The financial health rating of LEONARDO SPA (FMNB.DE) is 3 / 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%.