LEONARDO SPA (FMNB.DE) Stock Fundamental Analysis
Europe • Frankfurt Stock Exchange • FRA:FMNB • IT0003856405
56.28 EUR
+0.58 (+1.04%)
Last: Jan 30, 2026, 07:00 PM
We assign a fundamental rating of 5 out of 10 to FMNB. FMNB was compared to 53 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
- In the past year FMNB was profitable.
- Each year in the past 5 years FMNB has been profitable.
- In the past 5 years FMNB always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of FMNB (4.86%) is better than 67.92% of its industry peers.
- With a decent Return On Equity value of 17.66%, FMNB is doing good in the industry, outperforming 60.38% of the companies in the same industry.
- FMNB has a Return On Invested Capital of 11.75%. This is amongst the best in the industry. FMNB outperforms 83.02% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for FMNB is below the industry average of 9.39%.
- 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 has a Profit Margin of 5.80%. This is comparable to the rest of the industry: FMNB outperforms 49.06% 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 60.38% of its industry peers.
- FMNB's Operating Margin has been stable in the last couple of years.
- FMNB has a Gross Margin of 30.12%. This is comparable to the rest of the industry: FMNB outperforms 54.72% of its industry peers.
- 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
- FMNB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for FMNB remains at a similar level compared to 1 year ago.
- FMNB has more shares outstanding than it did 5 years ago.
- FMNB has a better debt/assets ratio than last year.
2.2 Solvency
- FMNB has an Altman-Z score of 2.14. 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 2.14 is on the low side compared to the rest of the industry. FMNB is outperformed by 67.92% 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.
- With an excellent Debt to Equity ratio value of 0.22, FMNB belongs to the best of the industry, outperforming 84.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.14 |
ROIC/WACC1.29
WACC9.09%
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 81.13% of its industry peers.
- A Quick Ratio of 0.59 indicates that FMNB may have some problems paying its short term obligations.
- FMNB has a worse Quick ratio (0.59) than 75.47% of its industry peers.
| 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.
- The Earnings Per Share has been decreasing by -4.48% on average over the past years.
- 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
- FMNB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.20% yearly.
- Based on estimates for the next years, FMNB will show a quite strong growth in Revenue. The Revenue will grow by 8.44% on average per year.
EPS Next Y45.75%
EPS Next 2Y31.73%
EPS Next 3Y26.89%
EPS Next 5Y24.2%
Revenue Next Year10.39%
Revenue Next 2Y9.34%
Revenue Next 3Y8.66%
Revenue Next 5Y8.44%
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 37.03.
- Based on the Price/Earnings ratio, FMNB is valued a bit cheaper than the industry average as 69.81% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, FMNB is valued a bit more expensive.
- FMNB is valuated quite expensively with a Price/Forward Earnings ratio of 25.02.
- FMNB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FMNB is cheaper than 69.81% of the companies in the same industry.
- FMNB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.03 | ||
| Fwd PE | 25.02 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FMNB is valued cheaper than 90.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.31 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of FMNB may justify a higher PE ratio.
- A more expensive valuation may be justified as FMNB's earnings are expected to grow with 26.89% in the coming years.
PEG (NY)0.81
PEG (5Y)N/A
EPS Next 2Y31.73%
EPS Next 3Y26.89%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.92%, FMNB is not a good candidate for dividend investing.
- FMNB's Dividend Yield is a higher than the industry average which is at 0.74.
- Compared to an average S&P500 Dividend Yield of 1.83, FMNB's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.92% |
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 2Y31.73%
EPS Next 3Y26.89%
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.
What is the valuation status for FMNB stock?
ChartMill assigns a valuation rating of 4 / 10 to LEONARDO SPA (FMNB.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for LEONARDO SPA?
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 3 / 10.
What is the earnings growth outlook for LEONARDO SPA?
The Earnings per Share (EPS) of LEONARDO SPA (FMNB.DE) is expected to grow by 45.75% in the next year.