PORTO AVIATION GROUP SPA (PAG.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:PAG • IT0005545238

7.8 EUR
+0.1 (+1.3%)
Last: Feb 5, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

Overall PAG gets a fundamental rating of 7 out of 10. We evaluated PAG against 54 industry peers in the Aerospace & Defense industry. While PAG has a great health rating, its profitability is only average at the moment. PAG is growing strongly while it also seems undervalued. This is an interesting combination With these ratings, PAG could be worth investigating further for value and growth investing!.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • PAG had positive earnings in the past year.
  • In the past year PAG had a positive cash flow from operations.
  • In multiple years PAG reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: PAG reported negative operating cash flow in multiple years.
PAG.MI Yearly Net Income VS EBIT VS OCF VS FCFPAG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 200K -200K 400K -400K -600K -800K

1.2 Ratios

  • PAG has a better Return On Assets (15.19%) than 96.30% of its industry peers.
  • PAG has a better Return On Equity (31.49%) than 85.19% of its industry peers.
  • The Return On Invested Capital of PAG (15.79%) is better than 88.89% of its industry peers.
Industry RankSector Rank
ROA 15.19%
ROE 31.49%
ROIC 15.79%
ROA(3y)-1.58%
ROA(5y)-1.3%
ROE(3y)-5.93%
ROE(5y)-4.27%
ROIC(3y)N/A
ROIC(5y)N/A
PAG.MI Yearly ROA, ROE, ROICPAG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 -10 -20 -30

1.3 Margins

  • PAG's Profit Margin of 20.15% is amongst the best of the industry. PAG outperforms 98.15% of its industry peers.
  • With an excellent Operating Margin value of 20.64%, PAG belongs to the best of the industry, outperforming 96.30% of the companies in the same industry.
  • The Gross Margin of PAG (43.24%) is better than 70.37% of its industry peers.
  • PAG's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 20.64%
PM (TTM) 20.15%
GM 43.24%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.59%
GM growth 5YN/A
PAG.MI Yearly Profit, Operating, Gross MarginsPAG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 20 -20 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PAG is still creating some value.
  • The number of shares outstanding for PAG has been reduced compared to 1 year ago.
  • Compared to 1 year ago, PAG has a worse debt to assets ratio.
PAG.MI Yearly Shares OutstandingPAG.MI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 500K 1M 1.5M 2M
PAG.MI Yearly Total Debt VS Total AssetsPAG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2M 4M 6M

2.2 Solvency

  • PAG has an Altman-Z score of 5.22. This indicates that PAG is financially healthy and has little risk of bankruptcy at the moment.
  • PAG has a better Altman-Z score (5.22) than 85.19% of its industry peers.
  • PAG has a debt to FCF ratio of 1.98. This is a very positive value and a sign of high solvency as it would only need 1.98 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 1.98, PAG belongs to the best of the industry, outperforming 85.19% of the companies in the same industry.
  • A Debt/Equity ratio of 0.45 indicates that PAG is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.45, PAG perfoms like the industry average, outperforming 57.41% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 1.98
Altman-Z 5.22
ROIC/WACC1.74
WACC9.1%
PAG.MI Yearly LT Debt VS Equity VS FCFPAG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 1M 2M 3M

2.3 Liquidity

  • A Current Ratio of 2.80 indicates that PAG has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 2.80, PAG belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
  • A Quick Ratio of 1.58 indicates that PAG should not have too much problems paying its short term obligations.
  • The Quick ratio of PAG (1.58) is better than 83.33% of its industry peers.
Industry RankSector Rank
Current Ratio 2.8
Quick Ratio 1.58
PAG.MI Yearly Current Assets VS Current LiabilitesPAG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 1M 2M 3M 4M 5M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 225.47% over the past year.
  • The Revenue has grown by 78.86% in the past year. This is a very strong growth!
  • PAG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 35.07% yearly.
EPS 1Y (TTM)225.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%121.61%
Revenue 1Y (TTM)78.86%
Revenue growth 3Y35.07%
Revenue growth 5YN/A
Sales Q2Q%100.52%

3.2 Future

  • Based on estimates for the next years, PAG will show a very strong growth in Earnings Per Share. The EPS will grow by 290.51% on average per year.
  • Based on estimates for the next years, PAG will show a very strong growth in Revenue. The Revenue will grow by 58.54% on average per year.
EPS Next Y325%
EPS Next 2Y290.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year43.24%
Revenue Next 2Y58.54%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • 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.
PAG.MI Yearly Revenue VS EstimatesPAG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2M 4M 6M 8M
PAG.MI Yearly EPS VS EstimatesPAG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 0.2 0.4 0.6

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.73, the valuation of PAG can be described as rather expensive.
  • PAG's Price/Earnings ratio is rather cheap when compared to the industry. PAG is cheaper than 100.00% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.06. PAG is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 12.66, which indicates a correct valuation of PAG.
  • 98.15% of the companies in the same industry are more expensive than PAG, based on the Price/Forward Earnings ratio.
  • PAG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.86.
Industry RankSector Rank
PE 17.73
Fwd PE 12.66
PAG.MI Price Earnings VS Forward Price EarningsPAG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PAG is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, PAG is valued cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 24.82
EV/EBITDA 12.44
PAG.MI Per share dataPAG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

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.
  • PAG has a very decent profitability rating, which may justify a higher PE ratio.
  • PAG's earnings are expected to grow with 290.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y290.51%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

1

5. Dividend

5.1 Amount

  • PAG has a yearly dividend return of 0.62%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.76, PAG has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.62, PAG pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 0.62%

5.2 History

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

5.3 Sustainability

DPN/A
EPS Next 2Y290.51%
EPS Next 3YN/A
PAG.MI Yearly Income VS Free CF VS DividendPAG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 200K -200K 400K -400K -600K -800K

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Find the best dividend stocksShow peers with best dividend

PORTO AVIATION GROUP SPA

BIT:PAG (2/5/2026, 7:00:00 PM)

7.8

+0.1 (+1.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)N/A
Earnings (Next)N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners61.07%
Ins Owner ChangeN/A
Market Cap18.56M
Revenue(TTM)5.20M
Net Income(TTM)1.05M
Analysts80
Price Target6.12 (-21.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.62%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 17.73
Fwd PE 12.66
P/S 3.57
P/FCF 24.82
P/OCF 18.43
P/B 5.58
P/tB 7
EV/EBITDA 12.44
EPS(TTM)0.44
EY5.64%
EPS(NY)0.62
Fwd EY7.9%
FCF(TTM)0.31
FCFY4.03%
OCF(TTM)0.42
OCFY5.43%
SpS2.18
BVpS1.4
TBVpS1.12
PEG (NY)0.05
PEG (5Y)N/A
Graham Number3.72
Profitability
Industry RankSector Rank
ROA 15.19%
ROE 31.49%
ROCE 21.77%
ROIC 15.79%
ROICexc 31.58%
ROICexgc 42.96%
OM 20.64%
PM (TTM) 20.15%
GM 43.24%
FCFM 14.39%
ROA(3y)-1.58%
ROA(5y)-1.3%
ROE(3y)-5.93%
ROE(5y)-4.27%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-15.59%
GM growth 5YN/A
F-Score6
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 1.98
Debt/EBITDA 1.09
Cap/Depr 91.66%
Cap/Sales 4.99%
Interest Coverage 250
Cash Conversion 74.27%
Profit Quality 71.42%
Current Ratio 2.8
Quick Ratio 1.58
Altman-Z 5.22
F-Score6
WACC9.1%
ROIC/WACC1.74
Cap/Depr(3y)130.39%
Cap/Depr(5y)N/A
Cap/Sales(3y)10.92%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)225.47%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%121.61%
EPS Next Y325%
EPS Next 2Y290.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)78.86%
Revenue growth 3Y35.07%
Revenue growth 5YN/A
Sales Q2Q%100.52%
Revenue Next Year43.24%
Revenue Next 2Y58.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y230.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year400%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y3986.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y91.21%
OCF growth 3YN/A
OCF growth 5YN/A

PORTO AVIATION GROUP SPA / PAG.MI FAQ

What is the ChartMill fundamental rating of PORTO AVIATION GROUP SPA (PAG.MI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to PAG.MI.


What is the valuation status for PAG stock?

ChartMill assigns a valuation rating of 8 / 10 to PORTO AVIATION GROUP SPA (PAG.MI). This can be considered as Undervalued.


What is the profitability of PAG stock?

PORTO AVIATION GROUP SPA (PAG.MI) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for PAG stock?

The Earnings per Share (EPS) of PORTO AVIATION GROUP SPA (PAG.MI) is expected to grow by 325% in the next year.