Leonardo（FMNB）株式概要レオナルド・エス・ピー・アーは、イタリア、英国、その他の欧州諸国、米国、および国際的に、ヘリコプター、防衛エレクトロニクスおよびセキュリティ、サイバーセキュリティおよびソリューション、航空機、航空構造、および宇宙部門に従事する産業・技術企業である。 詳細FMNB ファンダメンタル分析スノーフレーク・スコア評価6/6将来の成長2/6過去の実績5/6財務の健全性5/6配当金2/6報酬当社が推定した公正価値より20.9%で取引されている 収益は年間14.24%増加すると予測されています 過去1年間で収益は78.9%増加しました 同業他社や業界と比較して、良好な取引価格 アナリストらは、株価が31.3%上昇するだろうとほぼ一致している。 リスク分析リスクチェックの結果、FMNB 、リスクは検出されなかった。すべてのリスクチェックを見るFMNB Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€52.452.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture031b2016201920222025202620282031Revenue €31.3bEarnings €2.0bAdvancedSet Fair ValueView all narrativesLeonardo S.p.a. 競合他社RheinmetallSymbol: XTRA:RHMMarket cap: €54.5bMTU Aero EnginesSymbol: XTRA:MTXMarket cap: €17.8bOHBSymbol: XTRA:OHBMarket cap: €7.5bHensoldtSymbol: XTRA:HAGMarket cap: €8.3b価格と性能株価の高値、安値、推移の概要Leonardo過去の株価現在の株価€52.4552週高値€66.0452週安値€44.49ベータ0.361ヶ月の変化6.22%3ヶ月変化-17.38%1年変化n/a3年間の変化n/a5年間の変化n/aIPOからの変化162.38%最新ニュースUpcoming Dividend • Jun 15Upcoming dividend of €0.63 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.9%).Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €52.15. The fair value is estimated to be €65.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.お知らせ • May 08Wyser-Pratte Demands Independent Investigation into Leonardo SpA AGM VoteOn May 7, 2026, Wyser-Pratte Management Co., Inc. demanded an independent investigation into Leonardo SpA Annual General Meeting vote, stating the shareholder meeting was conducted under restrictive and antidemocratic terms with no opportunity to speak, ask questions, or engage, capped at approximately 60 minutes and conducted through a company-designated proxyholder. In addition, Wyser-Pratte stated that while a Webex link for remote access failed at the exact moment the meeting was called to order, and the government slate prevailed by the narrowest of margins at 50.097% versus 49.481%, raising questions and demanding scrutiny, despite ISS and Glass Lewis recommending a vote against the government slate and in favor of the dissident slate submitted by Assogestioni, as a government controlling just 30.2% of share capital secured a majority, sending the wrong signal to global investors, as rules are bent, meetings are closed, shareholders are silenced, and votes are certified under conditions that invite no scrutiny, even as Leonardo reports strong performance including €23.8 billion orders, €19.5 billion revenues, and 91.75% total shareholder return.Reported Earnings • May 06First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.28. Revenue: €4.45b (up 6.9% from 1Q 2025). Net income: €162.0m (down 57% from 1Q 2025). Profit margin: 3.6% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in Germany.お知らせ • Apr 25Wyser-Pratte Management Urges Leonardo Shareholders to Vote No on CEO Cingolani's Replace ProposalOn April 24, 2026, Wyser-Pratte Management Co., Inc., announced its alarm and disappointment regarding the Italian government's the Ministry of Economy and Finance recent interference in Leonardo S.p.A.'s management, specifically the replacement of CEO Roberto Cingolani. In addition, Wyser-Pratte, together with other minority shareholders, urged all Company shareholders to vote no on proposal, the ousting of CEO Roberto Cingolani, at the annual general meeting on May 7, 2026, citing that the government's actions undermine confidence in the Company's governance and put at risk the significant value created under Cingolani's leadership. Further, Wyser-Pratte Management highlighted that since Cingolani's appointment, Company's share price rose by more than 430%, headcount increased by nearly 9,200, and earnings and revenue compounded annually at approximately 10%, with meaningful acceleration in free cash flow and reduced Net Debt/EBITDA ratio. Furthermore, Wyser-Pratte warned that further government interference could damage shareholder value and stated its intention to pursue all available legal remedies, including litigation, to protect the rights of the company's owners if necessary.お知らせ • Mar 30Leonardo S.p.a., Annual General Meeting, May 07, 2026Leonardo S.p.a., Annual General Meeting, May 07, 2026, at 10:30 W. Europe Standard Time. Location: piazza monte grappa 4, roma Italy最新情報をもっと見るRecent updatesUpcoming Dividend • Jun 15Upcoming dividend of €0.63 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.9%).Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €52.15. The fair value is estimated to be €65.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.お知らせ • May 08Wyser-Pratte Demands Independent Investigation into Leonardo SpA AGM VoteOn May 7, 2026, Wyser-Pratte Management Co., Inc. demanded an independent investigation into Leonardo SpA Annual General Meeting vote, stating the shareholder meeting was conducted under restrictive and antidemocratic terms with no opportunity to speak, ask questions, or engage, capped at approximately 60 minutes and conducted through a company-designated proxyholder. In addition, Wyser-Pratte stated that while a Webex link for remote access failed at the exact moment the meeting was called to order, and the government slate prevailed by the narrowest of margins at 50.097% versus 49.481%, raising questions and demanding scrutiny, despite ISS and Glass Lewis recommending a vote against the government slate and in favor of the dissident slate submitted by Assogestioni, as a government controlling just 30.2% of share capital secured a majority, sending the wrong signal to global investors, as rules are bent, meetings are closed, shareholders are silenced, and votes are certified under conditions that invite no scrutiny, even as Leonardo reports strong performance including €23.8 billion orders, €19.5 billion revenues, and 91.75% total shareholder return.Reported Earnings • May 06First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.28. Revenue: €4.45b (up 6.9% from 1Q 2025). Net income: €162.0m (down 57% from 1Q 2025). Profit margin: 3.6% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in Germany.お知らせ • Apr 25Wyser-Pratte Management Urges Leonardo Shareholders to Vote No on CEO Cingolani's Replace ProposalOn April 24, 2026, Wyser-Pratte Management Co., Inc., announced its alarm and disappointment regarding the Italian government's the Ministry of Economy and Finance recent interference in Leonardo S.p.A.'s management, specifically the replacement of CEO Roberto Cingolani. In addition, Wyser-Pratte, together with other minority shareholders, urged all Company shareholders to vote no on proposal, the ousting of CEO Roberto Cingolani, at the annual general meeting on May 7, 2026, citing that the government's actions undermine confidence in the Company's governance and put at risk the significant value created under Cingolani's leadership. Further, Wyser-Pratte Management highlighted that since Cingolani's appointment, Company's share price rose by more than 430%, headcount increased by nearly 9,200, and earnings and revenue compounded annually at approximately 10%, with meaningful acceleration in free cash flow and reduced Net Debt/EBITDA ratio. Furthermore, Wyser-Pratte warned that further government interference could damage shareholder value and stated its intention to pursue all available legal remedies, including litigation, to protect the rights of the company's owners if necessary.お知らせ • Mar 30Leonardo S.p.a., Annual General Meeting, May 07, 2026Leonardo S.p.a., Annual General Meeting, May 07, 2026, at 10:30 W. Europe Standard Time. Location: piazza monte grappa 4, roma ItalyBoard Change • Mar 19High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Marcello Sala was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 19Leonardo S.p.a. (BIT:LDO) completed the acquisition of ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for €1.6 billion.Leonardo S.p.a. (BIT:LDO) agreed to acquire ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for an enterprise value at €1.7 billion on July 30, 2025. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. The transaction will be financed through available cash resources. For the period ending December 31, 2024, ASTRA Veicoli Industriali S.p.A/Iveco Defence Vehicles S.p.A. reported total revenue of €1.13 billion and EBIT of €108 million. The closing of the transaction is expected in the first quarter of 2026, subject to anti-trust approval, regulatory approvals and carve-out completion. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. As of March 17, 2026, all conditions for closing sale of its defense business have been met. The transaction, which is expected to be finalized in the coming days, is a condition, inter alia, for the completion of the voluntary tender offer by Tata Motors Limited for all issued common shares of Iveco Group (after the separation of its Defence Business), as announced on July 30, 2025. Goldman Sachs Bank Europe SE, Italian Branch acted as financial advisor for Iveco Group N.V. Freshfields LLP acted as legal advisor for Iveco Group N.V. Morgan Stanley & Co. International plc acted as financial advisor for Leonardo S.p.a. Bonelli Erede Pappalardo Studio Legale acted as legal advisor for Leonardo S.p.a. Leonardo S.p.a. (BIT:LDO) completed the acquisition of ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for €1.6 billion on March 18, 2026. According to plan, the net proceeds of the sale will be distributed to the Company’s shareholders through an extraordinary interim dividend. Based on the sale price, the expected closing adjustments and the separation costs borne for the carve out of the Defence Business, such extraordinary dividend (initially assumed at €5.5-6.0 per share) is presently estimated to end at €5.7-5.8 per issued and outstanding common share. In due course, the exact amount to be distributed will be determined by the Board of Directors. It is currently anticipated that payment will take place in April, with ex-dividend date on 20th April as per the Italian Stock Exchange calendar.お知らせ • Mar 18Leonardo S.p.a. announces Annual dividend, payable on June 24, 2026Leonardo S.p.a. announced Annual dividend of EUR 0.6300 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €2.12 (vs €1.86 in FY 2024)Full year 2025 results: EPS: €2.12 (up from €1.86 in FY 2024). Revenue: €19.5b (up 9.8% from FY 2024). Net income: €1.22b (up 14% from FY 2024). Profit margin: 6.3% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.Buy Or Sell Opportunity • Mar 07Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to €58.58. The fair value is estimated to be €47.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Buy Or Sell Opportunity • Feb 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.5% to €55.00. The fair value is estimated to be €45.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €54.42, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 36x in the Aerospace & Defense industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €37.31 per share.お知らせ • Dec 23+ 3 more updatesLeonardo S.p.a. to Report Fiscal Year 2025 Final Results on Mar 12, 2026Leonardo S.p.a. announced that they will report fiscal year 2025 final results Pre-Market on Mar 12, 2026Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €4.53b (up 11% from 3Q 2024). Net income: €193.0m (up 10% from 3Q 2024). Profit margin: 4.3% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.お知らせ • Oct 23Airbus, Thales and Leonardo Reportedly Near Deal on Merger of European Space BusinessesAirbus SE (ENXTPA:AIR), Thales S.A. (ENXTPA:HO) and Leonardo S.p.a. (BIT:LDO) are nearing an agreement on the merger of their space businesses, the Financial Times reported on October 21, 2025. Under the deal, Airbus will own 35%, with the other two holding 32.5% each, the report added, citing people familiar with the matter. Airbus is expected to receive a payment from its new partners as compensation for limiting its stake to 35% despite its unit accounting for roughly half of the total turnover, the FT reported. Reuters could not immediately verify the report. Airbus, Thales and Leonardo did not immediately respond to Reuters' requests for comment. Reuters reported in September that the three European airspace groups had redoubled efforts to combine their satellite businesses into a EUR 10 billion ($11.66 billion) French-headquartered joint venture, dubbed "Project Bromo". The board of Italy's Leonardo held a crucial meeting on October 21, 2025 to review a tentative deal to forge a new European satellite manufacturer with its existing partner Thales and rival Airbus, Reuters reported earlier in the day. A potential deal could mark the latest attempt to tie together fragmented European assets and draw inspiration from a decision by France, Italy and Britain to set up the MBDA missiles venture in 2001.Buy Or Sell Opportunity • Sep 11Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €50.04. The fair value is estimated to be €41.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Board Change • Sep 10High number of new and inexperienced directorsThere are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Chairman of Statutory Auditors Luca Rossi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.株主還元FMNBDE Aerospace & DefenseDE 市場7D0.4%0.3%2.4%1Yn/a-21.6%3.9%株主還元を見る業界別リターン: FMNBがGerman Aerospace & Defense業界に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。リターン対市場: FMNB German市場に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。価格変動Is FMNB's price volatile compared to industry and market?FMNB volatilityFMNB Average Weekly Movement6.1%Aerospace & Defense Industry Average Movement8.3%Market Average Movement5.9%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.8%安定した株価: FMNB 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: FMNBの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト194865,455Lorenzo Marianiwww.leonardo.com/en/homeイタリア、英国、その他の欧州諸国、米国、および国際的に、ヘリコプター、防衛エレクトロニクスおよびセキュリティ、サイバーセキュリティおよびソリューション、航空機、航空構造、および宇宙部門に従事する産業・技術企業であるレオナルドS p.a.。同社は、戦場／人員回収、戦闘、海上、訓練、VIP／エグゼクティブ輸送、医療・救助、エネルギー、セキュリティ、ユーティリティ・サービス向けにさまざまなヘリコプターを提供し、サポートや訓練サービスも提供している。また、訓練機、戦闘機、多用途輸送機、多用途偵察機、指揮統制、レーダー・センサー、オプトロニクス、通信システム、電子戦、航空電子工学、航空交通管理、砲塔・大砲、弾薬、魚雷からなる防衛システム、サイバーセキュリティと回復力、重要通信、デジタル化、監視ソリューションも提供している。さらに、地理情報、衛星通信、地上システム、ナビゲーション、衛星運用、惑星間探査機と軌道モジュール、ロボット工学と掘削、電気光学、レーザー送信機、原子時計、光起電パネル、電力分配器と増幅器、姿勢センサー、軌道微小推進を提供している。さらに、民間機、軍用機、ヘリコプター、無搭乗機用の主要構造複合材および金属部品の製造・組立に携わるほか、空港の手荷物取り扱い、郵便物仕分けセンター、宅配便物流ハブの自動化のためのシステムおよびソリューションも提供している。以前はLeonardo - Finmeccanica S.p.a.として知られていたが、2017年1月にLeonardo S.p.a.に社名を変更した。Leonardo S.p.a.は1948年に設立され、イタリアのローマに本社を置いている。もっと見るLeonardo S.p.a. 基礎のまとめLeonardo の収益と売上を時価総額と比較するとどうか。FMNB 基礎統計学時価総額€30.18b収益（TTM）€1.29b売上高(TTM)€19.79b23.4xPER（株価収益率1.5xP/SレシオFMNB は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計FMNB 損益計算書（TTM）収益€19.79b売上原価€11.97b売上総利益€7.82bその他の費用€6.53b収益€1.29b直近の収益報告Mar 31, 2026次回決算日Jul 31, 2026一株当たり利益（EPS）2.24グロス・マージン39.51%純利益率6.52%有利子負債／自己資本比率36.0%FMNB の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.2%現在の配当利回り28%配当性向FMNB 配当は確実ですか？FMNB 配当履歴とベンチマークを見るFMNB 、いつまでに購入すれば配当金を受け取れますか？Leonardo 配当日配当落ち日Jun 22 2026配当支払日Jun 24 2026配当落ちまでの日数3 days配当支払日までの日数5 daysFMNB 配当は確実ですか？FMNB 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/17 15:36終値2026/06/17 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Leonardo S.p.a. 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。34 アナリスト機関Andrea BelloliBanca Akros S.p.A. (ESN)Joseph CampbellBarclaysAfonso OsorioBarclays31 その他のアナリストを表示
Upcoming Dividend • Jun 15Upcoming dividend of €0.63 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.9%).
Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €52.15. The fair value is estimated to be €65.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
お知らせ • May 08Wyser-Pratte Demands Independent Investigation into Leonardo SpA AGM VoteOn May 7, 2026, Wyser-Pratte Management Co., Inc. demanded an independent investigation into Leonardo SpA Annual General Meeting vote, stating the shareholder meeting was conducted under restrictive and antidemocratic terms with no opportunity to speak, ask questions, or engage, capped at approximately 60 minutes and conducted through a company-designated proxyholder. In addition, Wyser-Pratte stated that while a Webex link for remote access failed at the exact moment the meeting was called to order, and the government slate prevailed by the narrowest of margins at 50.097% versus 49.481%, raising questions and demanding scrutiny, despite ISS and Glass Lewis recommending a vote against the government slate and in favor of the dissident slate submitted by Assogestioni, as a government controlling just 30.2% of share capital secured a majority, sending the wrong signal to global investors, as rules are bent, meetings are closed, shareholders are silenced, and votes are certified under conditions that invite no scrutiny, even as Leonardo reports strong performance including €23.8 billion orders, €19.5 billion revenues, and 91.75% total shareholder return.
Reported Earnings • May 06First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.28. Revenue: €4.45b (up 6.9% from 1Q 2025). Net income: €162.0m (down 57% from 1Q 2025). Profit margin: 3.6% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in Germany.
お知らせ • Apr 25Wyser-Pratte Management Urges Leonardo Shareholders to Vote No on CEO Cingolani's Replace ProposalOn April 24, 2026, Wyser-Pratte Management Co., Inc., announced its alarm and disappointment regarding the Italian government's the Ministry of Economy and Finance recent interference in Leonardo S.p.A.'s management, specifically the replacement of CEO Roberto Cingolani. In addition, Wyser-Pratte, together with other minority shareholders, urged all Company shareholders to vote no on proposal, the ousting of CEO Roberto Cingolani, at the annual general meeting on May 7, 2026, citing that the government's actions undermine confidence in the Company's governance and put at risk the significant value created under Cingolani's leadership. Further, Wyser-Pratte Management highlighted that since Cingolani's appointment, Company's share price rose by more than 430%, headcount increased by nearly 9,200, and earnings and revenue compounded annually at approximately 10%, with meaningful acceleration in free cash flow and reduced Net Debt/EBITDA ratio. Furthermore, Wyser-Pratte warned that further government interference could damage shareholder value and stated its intention to pursue all available legal remedies, including litigation, to protect the rights of the company's owners if necessary.
お知らせ • Mar 30Leonardo S.p.a., Annual General Meeting, May 07, 2026Leonardo S.p.a., Annual General Meeting, May 07, 2026, at 10:30 W. Europe Standard Time. Location: piazza monte grappa 4, roma Italy
Upcoming Dividend • Jun 15Upcoming dividend of €0.63 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.9%).
Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €52.15. The fair value is estimated to be €65.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
お知らせ • May 08Wyser-Pratte Demands Independent Investigation into Leonardo SpA AGM VoteOn May 7, 2026, Wyser-Pratte Management Co., Inc. demanded an independent investigation into Leonardo SpA Annual General Meeting vote, stating the shareholder meeting was conducted under restrictive and antidemocratic terms with no opportunity to speak, ask questions, or engage, capped at approximately 60 minutes and conducted through a company-designated proxyholder. In addition, Wyser-Pratte stated that while a Webex link for remote access failed at the exact moment the meeting was called to order, and the government slate prevailed by the narrowest of margins at 50.097% versus 49.481%, raising questions and demanding scrutiny, despite ISS and Glass Lewis recommending a vote against the government slate and in favor of the dissident slate submitted by Assogestioni, as a government controlling just 30.2% of share capital secured a majority, sending the wrong signal to global investors, as rules are bent, meetings are closed, shareholders are silenced, and votes are certified under conditions that invite no scrutiny, even as Leonardo reports strong performance including €23.8 billion orders, €19.5 billion revenues, and 91.75% total shareholder return.
Reported Earnings • May 06First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.28. Revenue: €4.45b (up 6.9% from 1Q 2025). Net income: €162.0m (down 57% from 1Q 2025). Profit margin: 3.6% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in Germany.
お知らせ • Apr 25Wyser-Pratte Management Urges Leonardo Shareholders to Vote No on CEO Cingolani's Replace ProposalOn April 24, 2026, Wyser-Pratte Management Co., Inc., announced its alarm and disappointment regarding the Italian government's the Ministry of Economy and Finance recent interference in Leonardo S.p.A.'s management, specifically the replacement of CEO Roberto Cingolani. In addition, Wyser-Pratte, together with other minority shareholders, urged all Company shareholders to vote no on proposal, the ousting of CEO Roberto Cingolani, at the annual general meeting on May 7, 2026, citing that the government's actions undermine confidence in the Company's governance and put at risk the significant value created under Cingolani's leadership. Further, Wyser-Pratte Management highlighted that since Cingolani's appointment, Company's share price rose by more than 430%, headcount increased by nearly 9,200, and earnings and revenue compounded annually at approximately 10%, with meaningful acceleration in free cash flow and reduced Net Debt/EBITDA ratio. Furthermore, Wyser-Pratte warned that further government interference could damage shareholder value and stated its intention to pursue all available legal remedies, including litigation, to protect the rights of the company's owners if necessary.
お知らせ • Mar 30Leonardo S.p.a., Annual General Meeting, May 07, 2026Leonardo S.p.a., Annual General Meeting, May 07, 2026, at 10:30 W. Europe Standard Time. Location: piazza monte grappa 4, roma Italy
Board Change • Mar 19High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Marcello Sala was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 19Leonardo S.p.a. (BIT:LDO) completed the acquisition of ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for €1.6 billion.Leonardo S.p.a. (BIT:LDO) agreed to acquire ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for an enterprise value at €1.7 billion on July 30, 2025. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. The transaction will be financed through available cash resources. For the period ending December 31, 2024, ASTRA Veicoli Industriali S.p.A/Iveco Defence Vehicles S.p.A. reported total revenue of €1.13 billion and EBIT of €108 million. The closing of the transaction is expected in the first quarter of 2026, subject to anti-trust approval, regulatory approvals and carve-out completion. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. As of March 17, 2026, all conditions for closing sale of its defense business have been met. The transaction, which is expected to be finalized in the coming days, is a condition, inter alia, for the completion of the voluntary tender offer by Tata Motors Limited for all issued common shares of Iveco Group (after the separation of its Defence Business), as announced on July 30, 2025. Goldman Sachs Bank Europe SE, Italian Branch acted as financial advisor for Iveco Group N.V. Freshfields LLP acted as legal advisor for Iveco Group N.V. Morgan Stanley & Co. International plc acted as financial advisor for Leonardo S.p.a. Bonelli Erede Pappalardo Studio Legale acted as legal advisor for Leonardo S.p.a. Leonardo S.p.a. (BIT:LDO) completed the acquisition of ASTRA Veicoli Industriali S.p.A and Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) for €1.6 billion on March 18, 2026. According to plan, the net proceeds of the sale will be distributed to the Company’s shareholders through an extraordinary interim dividend. Based on the sale price, the expected closing adjustments and the separation costs borne for the carve out of the Defence Business, such extraordinary dividend (initially assumed at €5.5-6.0 per share) is presently estimated to end at €5.7-5.8 per issued and outstanding common share. In due course, the exact amount to be distributed will be determined by the Board of Directors. It is currently anticipated that payment will take place in April, with ex-dividend date on 20th April as per the Italian Stock Exchange calendar.
お知らせ • Mar 18Leonardo S.p.a. announces Annual dividend, payable on June 24, 2026Leonardo S.p.a. announced Annual dividend of EUR 0.6300 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €2.12 (vs €1.86 in FY 2024)Full year 2025 results: EPS: €2.12 (up from €1.86 in FY 2024). Revenue: €19.5b (up 9.8% from FY 2024). Net income: €1.22b (up 14% from FY 2024). Profit margin: 6.3% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.
Buy Or Sell Opportunity • Mar 07Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to €58.58. The fair value is estimated to be €47.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Buy Or Sell Opportunity • Feb 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.5% to €55.00. The fair value is estimated to be €45.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €54.42, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 36x in the Aerospace & Defense industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €37.31 per share.
お知らせ • Dec 23+ 3 more updatesLeonardo S.p.a. to Report Fiscal Year 2025 Final Results on Mar 12, 2026Leonardo S.p.a. announced that they will report fiscal year 2025 final results Pre-Market on Mar 12, 2026
Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €4.53b (up 11% from 3Q 2024). Net income: €193.0m (up 10% from 3Q 2024). Profit margin: 4.3% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.
お知らせ • Oct 23Airbus, Thales and Leonardo Reportedly Near Deal on Merger of European Space BusinessesAirbus SE (ENXTPA:AIR), Thales S.A. (ENXTPA:HO) and Leonardo S.p.a. (BIT:LDO) are nearing an agreement on the merger of their space businesses, the Financial Times reported on October 21, 2025. Under the deal, Airbus will own 35%, with the other two holding 32.5% each, the report added, citing people familiar with the matter. Airbus is expected to receive a payment from its new partners as compensation for limiting its stake to 35% despite its unit accounting for roughly half of the total turnover, the FT reported. Reuters could not immediately verify the report. Airbus, Thales and Leonardo did not immediately respond to Reuters' requests for comment. Reuters reported in September that the three European airspace groups had redoubled efforts to combine their satellite businesses into a EUR 10 billion ($11.66 billion) French-headquartered joint venture, dubbed "Project Bromo". The board of Italy's Leonardo held a crucial meeting on October 21, 2025 to review a tentative deal to forge a new European satellite manufacturer with its existing partner Thales and rival Airbus, Reuters reported earlier in the day. A potential deal could mark the latest attempt to tie together fragmented European assets and draw inspiration from a decision by France, Italy and Britain to set up the MBDA missiles venture in 2001.
Buy Or Sell Opportunity • Sep 11Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €50.04. The fair value is estimated to be €41.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Board Change • Sep 10High number of new and inexperienced directorsThere are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Chairman of Statutory Auditors Luca Rossi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
