LEONARDO SPA (LDO.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:LDO - IT0003856405 - Common Stock
46.27 EUR
-1.88 (-3.9%)
Overall LDO gets a fundamental rating of 5 out of 10. We evaluated LDO against 50 industry peers in the Aerospace & Defense industry. While LDO is still in line with the averages on profitability rating, there are concerns on its financial health. LDO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year LDO was profitable.
In the past 5 years LDO has always been profitable.
Each year in the past 5 years LDO had a positive operating cash flow.
1.2 Ratios
LDO's Return On Assets of 4.86% is fine compared to the rest of the industry. LDO outperforms 70.00% of its industry peers.
The Return On Equity of LDO (17.66%) is better than 66.00% of its industry peers.
LDO has a Return On Invested Capital of 11.75%. This is amongst the best in the industry. LDO outperforms 82.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LDO is below the industry average of 9.12%.
The 3 year average ROIC (6.61%) for LDO is below the current ROIC(11.75%), indicating increased profibility in the last year.
| 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
LDO has a Profit Margin (5.80%) which is in line with its industry peers.
In the last couple of years the Profit Margin of LDO has remained more or less at the same level.
LDO has a worse Operating Margin (7.54%) than 60.00% of its industry peers.
In the last couple of years the Operating Margin of LDO has remained more or less at the same level.
With a Gross Margin value of 30.12%, LDO perfoms like the industry average, outperforming 52.00% of the companies in the same industry.
In the last couple of years the Gross Margin of LDO 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), LDO is creating some value.
Compared to 1 year ago, LDO has about the same amount of shares outstanding.
Compared to 5 years ago, LDO has more shares outstanding
Compared to 1 year ago, LDO has an improved debt to assets ratio.
2.2 Solvency
LDO has an Altman-Z score of 2.02. This is not the best score and indicates that LDO is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of LDO (2.02) is worse than 68.00% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that LDO is not too dependend on debt financing.
The Debt to Equity ratio of LDO (0.22) is better than 86.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.02 |
ROIC/WACC1.43
WACC8.23%
2.3 Liquidity
A Current Ratio of 0.97 indicates that LDO may have some problems paying its short term obligations.
The Current ratio of LDO (0.97) is worse than 82.00% of its industry peers.
LDO has a Quick Ratio of 0.97. This is a bad value and indicates that LDO is not financially healthy enough and could expect problems in meeting its short term obligations.
LDO has a worse Quick ratio (0.59) than 74.00% of its industry peers.
| 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.
The Earnings Per Share has been decreasing by -4.48% on average over the past years.
The Revenue has grown by 13.44% in the past year. This is quite good.
LDO 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
Based on estimates for the next years, LDO will show a very strong growth in Earnings Per Share. The EPS will grow by 24.51% on average per year.
Based on estimates for the next years, LDO will show a quite strong growth in Revenue. The Revenue will grow by 8.77% on average per year.
EPS Next Y44.22%
EPS Next 2Y31.5%
EPS Next 3Y26.61%
EPS Next 5Y24.51%
Revenue Next Year9.78%
Revenue Next 2Y9.06%
Revenue Next 3Y8.46%
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.
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
The Price/Earnings ratio is 30.44, which means the current valuation is very expensive for LDO.
Based on the Price/Earnings ratio, LDO is valued a bit cheaper than 68.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.55, LDO is valued at the same level.
The Price/Forward Earnings ratio is 20.65, which indicates a rather expensive current valuation of LDO.
78.00% of the companies in the same industry are more expensive than LDO, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of LDO to the average of the S&P500 Index (23.78), we can say LDO is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.44 | ||
| Fwd PE | 20.65 |
4.2 Price Multiples
90.00% of the companies in the same industry are more expensive than LDO, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.65 |
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 LDO may justify a higher PE ratio.
A more expensive valuation may be justified as LDO's earnings are expected to grow with 26.61% in the coming years.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y31.5%
EPS Next 3Y26.61%
5. Dividend
5.1 Amount
LDO has a Yearly Dividend Yield of 1.09%.
Compared to an average industry Dividend Yield of 0.88, LDO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, LDO's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
The dividend of LDO is nicely growing with an annual growth rate of 16.88%!
Dividend Growth(5Y)16.88%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
11.14% of the earnings are spent on dividend by LDO. This is a low number and sustainable payout ratio.
The dividend of LDO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP11.14%
EPS Next 2Y31.5%
EPS Next 3Y26.61%
BIT:LDO (12/16/2025, 5:36:15 PM)
46.27
-1.88 (-3.9%)
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 Cap26.75B
Revenue(TTM)27.38B
Net Income(TTM)1.59B
Analysts78.18
Price Target57.54 (24.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend0.31
Dividend Growth(5Y)16.88%
DP11.14%
Div Incr Years0
Div Non Decr Years0
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)-2.26%
Min Revenue beat(4)-15.16%
Max Revenue beat(4)3.1%
Revenue beat(8)6
Avg Revenue beat(8)1.52%
Revenue beat(12)8
Avg Revenue beat(12)6.12%
Revenue beat(16)12
Avg Revenue beat(16)26.25%
PT rev (1m)2.03%
PT rev (3m)3.27%
EPS NQ rev (1m)-10.33%
EPS NQ rev (3m)10.78%
EPS NY rev (1m)3.08%
EPS NY rev (3m)-0.44%
Revenue NQ rev (1m)0.56%
Revenue NQ rev (3m)1.31%
Revenue NY rev (1m)0.83%
Revenue NY rev (3m)0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.44 | ||
| Fwd PE | 20.65 | ||
| P/S | 0.98 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.97 | ||
| P/tB | 54.15 | ||
| EV/EBITDA | 10.65 |
EPS(TTM)1.52
EY3.29%
EPS(NY)2.24
Fwd EY4.84%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS47.36
BVpS15.57
TBVpS0.85
PEG (NY)0.69
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 | 2.02 |
F-ScoreN/A
WACC8.23%
ROIC/WACC1.43
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 Y44.22%
EPS Next 2Y31.5%
EPS Next 3Y26.61%
EPS Next 5Y24.51%
Revenue 1Y (TTM)13.44%
Revenue growth 3Y7.91%
Revenue growth 5Y5.2%
Sales Q2Q%10.61%
Revenue Next Year9.78%
Revenue Next 2Y9.06%
Revenue Next 3Y8.46%
Revenue Next 5Y8.77%
EBIT growth 1Y36.48%
EBIT growth 3Y12.91%
EBIT growth 5Y3.95%
EBIT Next Year71.72%
EBIT Next 3Y30.09%
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 / LDO.MI FAQ
What is the fundamental rating for LDO stock?
ChartMill assigns a fundamental rating of 5 / 10 to LDO.MI.
What is the valuation status of LEONARDO SPA (LDO.MI) stock?
ChartMill assigns a valuation rating of 4 / 10 to LEONARDO SPA (LDO.MI). This can be considered as Fairly Valued.
What is the profitability of LDO stock?
LEONARDO SPA (LDO.MI) has a profitability rating of 5 / 10.
What is the financial health of LEONARDO SPA (LDO.MI) stock?
The financial health rating of LEONARDO SPA (LDO.MI) is 3 / 10.
Can you provide the dividend sustainability for LDO stock?
The dividend rating of LEONARDO SPA (LDO.MI) is 6 / 10 and the dividend payout ratio is 11.14%.