View ValuationFincantieri 将来の成長Future 基準チェック /46Fincantieri利益と収益がそれぞれ年間26%と6.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.7% 25.1%なると予測されています。主要情報26.0%収益成長率25.13%EPS成長率Machinery 収益成長24.5%収益成長率6.8%将来の株主資本利益率15.73%アナリストカバレッジGood最終更新日01 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 21High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Standing Auditor Elena Cussigh is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 03Fincantieri S.p.A., Annual General Meeting, May 14, 2026Fincantieri S.p.A., Annual General Meeting, May 14, 2026, at 11:00 W. Europe Standard Time.お知らせ • Feb 19+ 1 more updateFincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million.Fincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,588,445 Price\Range: €15.32 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listingお知らせ • Jan 26+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Fincantieri S.p.A. announced that they will report fiscal year 2025 results on Mar 25, 2026Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €19.56, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 338% over the past three years.Board Change • Dec 30High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Dec 30Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million.Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million on December 29, 2025. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is January 1, 2026 to March 31, 2026.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €20.64, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 433% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.81 per share.Board Change • Aug 18High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Jan 24+ 3 more updatesFincantieri S.p.A. to Report Q1, 2025 Results on May 12, 2025Fincantieri S.p.A. announced that they will report Q1, 2025 results on May 12, 2025お知らせ • Jan 15Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) for €400 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) in a transaction valued at €420 million on May 9, 2024. The value of the acquisition is equal to €300 million as fixed Enterprise Value, subject to usual price adjustment mechanisms, in addition to a maximum of €115 million as a variable component based on certain growth assumptions linked to the performance of the UAS business line in 2024, for a total maximum Enterprise Value of €415 million. To finance the acquisition, the Company has proposed the power to resolve upon a capital increase, in one or more events, divisible and with payment, for a maximum amount of €400 million. Rothschild S.p.A., acted as a financial advisor, Studio Legale Cappelli RCCD acted as a legal advisor to Leonardo S.p.a. Deutsche Bank AG, Milan acted as a financial advisor, and Deloitte Italy S.p.A provided due diligence services to Fincantieri. UBS supported Leonardo's Control and Risks Committee in evaluating the transaction, providing a fairness opinion on the economic terms of the transaction. BofA Securities is currently acting as sole Financial Advisor to CDP Equity S.p.A. in relation to their underwriting commitment in the context of Ficantieri SpA €400m capital increase targeted at its acquisition of Leonardo SpA's Underwater Armaments Systems. Lazard S.r.l. acted as financial advisor to Fincantieri S.p.A. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) on January 14, 2025. Leonardo received €287 million and variable component, up to a maximum of €115 million, along with standard price adjustments, will be determined following the approval of UAS's final 2024 financial results.New Risk • Jul 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 90% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change).Reported Earnings • Jun 14First quarter 2024 earnings released: €0.011 loss per share (vs €0.004 loss in 1Q 2023)First quarter 2024 results: €0.011 loss per share (further deteriorated from €0.004 loss in 1Q 2023). Revenue: €1.77b (flat on 1Q 2023). Net loss: €17.8m (loss widened 162% from 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to €0.60. The fair value is estimated to be €0.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 7.7% in a year. Earnings are forecast to grow by 77% in the next year.Reported Earnings • Mar 10Full year 2023 earnings releasedFull year 2023 results: Revenue: €7.65b (up 3.4% from FY 2022). Net loss: €53.0m (loss narrowed 83% from FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in Germany.New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.お知らせ • Mar 07Italy's Fincantieri in Talks to Buy Leonardo's was UnitItalian shipbuilder Fincantieri S.p.A. (BIT:FCT) is in talks with Leonardo (LDOF.MI), to buy the defence group's submarine unit Whitehead Alenia Sistemi Subacquei (Wass), several newspapers reported, sending its shares up more than 5%. The acquisition would have a value of between EUR 200 million and EUR 300 million ($217 million-$326 million), Corriere della Sera and financial daily Il Sole 24 Ore reported. The move by Fincantieri would be part of the group's broader strategy to grow through acquisitions and focus more on the defence sector, which in its last results accounted for less that 25% of its revenues. It would also strengthen its position in the underwater sector, which the group recently identified as a key area for growth. The state-controlled shipbuilder is considering a capital increase of some EUR 400 million to finance the operation, Il Messaggero said, adding that the group is being advised by JPMorgan, Intesa Sanpaolo and Bnp Paribas on the deal. Spokespersons for Fincantieri and Leonardo both declined to comment on the reports. Milano Finanza first reported on Saturday that Fincantieri was considering a large acquisition and that it was examining either a recapitalisation or a convertible bond to do so. Leonardo, also controlled by the Italian state, has been trying to find a buyer for Wass, which designs and builds underwater defence systems such as torpedoes and sonars, for years, but put the decision on hold after the war in Ukraine. At the time the group said Wass, along with its cannon maker OTO Melara, could grow more effectively outside the group. Fincantieri had made a non-binding offer for the two units in the past.お知らせ • Feb 16Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million.Fincantieri S.p.A. (BIT:FCT) signed a letter of intent to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group on December 1, 2023. As on December 27, 2023, Fincantieri S.p.A. (BIT:FCT) signed an agreement to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group. The acquisition, fully financed through Fincantieri's own resources. Finalization of the acquisition will be subject to some conditions set out by the parties being met. The purchase price for the transaction, which is expected to be finalized by year end, will be calculated on the basis of a €78 million enterprise value, subject to adjustments typical for this type of transaction. For FY 2022, Remazel had revenues in excess of €100 million. The transaction is expected to close by the first quarter of 2024. Carlo Re and Stefano Milanesi of Studio Pedersoli advised Alpha, Fincantieri acted with the internal legal team composed of the General Counsel, Alessandra Battaglia and the Head of Business and Strategic Legal Affairs, Manlio Niccolai and Roberto Cappelli, Guido Masini, Stefania Rossini of Studio Legale Cappelli RCCD advised Fincantieri. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million on February 15, 2024.お知らせ • Jan 31+ 4 more updatesFincantieri S.p.A., Annual General Meeting, Apr 23, 2024Fincantieri S.p.A., Annual General Meeting, Apr 23, 2024. Agenda: To approve financial statements as at December 31, 2023.Reported Earnings • Aug 01First half 2023 earnings releasedFirst half 2023 results: Revenue: €3.60b (up 2.5% from 1H 2022). Net loss: €22.0m (loss narrowed 90% from 1H 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 09Full year 2022 earnings releasedFull year 2022 results: Revenue: €7.48b (up 9.6% from FY 2021). Net loss: €324.0m (down €345.8m from profit in FY 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany.お知らせ • Jan 31+ 3 more updatesFincantieri S.p.A. to Report Q3, 2023 Results on Nov 14, 2023Fincantieri S.p.A. announced that they will report Q3, 2023 results on Nov 14, 2023Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: €3.47b (up 6.8% from 1H 2021). Net loss: €234.0m (down €239.7m from profit in 1H 2021). Over the next year, revenue is forecast to grow 8.0%, compared to a 10% growth forecast for the industry in Germany.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Elisabetta Oliveri was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 09Fincantieri S.p.A., Annual General Meeting, May 16, 2022Fincantieri S.p.A., Annual General Meeting, May 16, 2022. Agenda: To consider approval of the financial statements of FINCANTIERI S.p.A. at December 31, 2021.お知らせ • Feb 01+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2021 Results on Mar 08, 2022Fincantieri S.p.A. announced that they will report fiscal year 2021 results on Mar 08, 2022お知らせ • Aug 23Fincantieri Reportedly in Talks to Buy OTO Melara UnitFincantieri S.p.A. (BIT:FCT) was in early talks to buy Oto Melara North America Inc., famous for its naval gun production, and could launch an offer before the end of the year. The newspaper said any deal would be vetted by the Italian Treasury which is top shareholder in Leonardo and, through state lender CDP, Fincantieri.Reported Earnings • Aug 02First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.25b (up 37% from 1H 2020). Net income: €6.00m (up €140.5m from 1H 2020). Profit margin: 0.2% (up from net loss in 1H 2020).Reported Earnings • Mar 19Full year 2020 earnings released: €0.14 loss per share (vs €0.069 loss in FY 2019)The company reported a poor full year result with increased losses and weaker control over costs, although revenues were flat. Full year 2020 results: Revenue: €5.81b (flat on FY 2019). Net loss: €240.1m (loss widened 105% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 27Full year 2020 earnings releasedThe company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €5.88b (up 1.4% from FY 2019). Net loss: €240.0m (loss widened 105% from FY 2019).Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 1.2%, compared to a 5.1% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Feb 14New 90-day high: €0.68The company is up 20% from its price of €0.57 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.98 per share.お知らせ • Jan 31+ 4 more updatesFincantieri S.p.A. to Report Q1, 2021 Results on May 13, 2021Fincantieri S.p.A. announced that they will report Q1, 2021 results on May 13, 2021Is New 90 Day High Low • Nov 20New 90-day high: €0.61The company is up 5.0% from its price of €0.58 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.23 per share.Is New 90 Day High Low • Oct 24New 90-day low: €0.51The company is down 15% from its price of €0.60 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.Is New 90 Day High Low • Sep 23New 90-day low: €0.55The company is down 10.0% from its price of €0.60 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.お知らせ • Jul 31Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire 60% stake in INSIS S.p.A. from Esseti Sistemi E Tecnologie Holding Srl and Avio Engineering Solutions & Services S.r.l. on April 23, 2019. In 2018, INSIS S.p.A. recorded revenues of €51.7 million. The closing of the deal will be subject to customary conditions for these kind of operations, to the non-exercise of the Italian government’s golden power, as well as to the authorization from the competent authorities. Selling shareholders and managers of INSIS S.p.A. will remain invested in the Company with a minority stake.As on June 12, 2019, the deal was approved by italian antitrust authority. As of November 7, 2019, Board of Directors approved the deal to acquire 60% stake in INSIS. Alvise Becker, Riccardo Lonardi, Natali Prodan Milic, Alessio Buonaiuto, Arianna Lucariello, Federica De Luca and Giulia Guidetti of PWC TLS Associazione Professionale di Avvocati e Commercialisti acted as legal advisors for Fincantieri. Dario Ardizzone of Ardizzone-Corielli assisted the sellers. Cassiopea Partners acted as financial advisor to Cassiopea Partners and its shareholders. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million on July 4, 2019. Fincantieri S.p.A. has a call option to acquire remaining 40% stake in INSIS S.p.A.業績と収益の成長予測DB:1F80 - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202810,99327497470812/31/202710,06821459432812/31/20269,317152-71340712/31/20258,920123204597N/A9/30/20259,103113N/AN/AN/A6/30/20258,83996380714N/A3/31/20258,46870261581N/A12/31/20247,95133183445N/A9/30/20247,648-53N/AN/AN/A6/30/20247,458-57394666N/A3/31/20247,453-64690941N/A12/31/20237,448-53381637N/A9/30/20237,303-39N/AN/AN/A6/30/20237,493-99441725N/A3/31/20237,348-201-23743N/A12/31/20227,349-309-352-58N/A9/30/20227,219-261-171129N/A6/30/20227,088-21410315N/A3/31/20226,957-96257589N/A12/31/20216,82522505862N/A9/30/20216,759-39-164188N/A6/30/20216,693-100-834-487N/A3/31/20216,253-170-843-515N/A12/31/20205,812-240-852-543N/A9/30/20205,585-260-826-522N/A6/30/20205,358-280-799-500N/A3/31/20205,577-199-519-230N/A12/31/20195,796-117-24039N/A9/30/20195,738-19N/A-17N/A6/30/20195,68080N/A-74N/A3/31/20195,53676N/A-8N/A12/31/20185,39172N/A59N/A9/30/20185,28069N/A541N/A6/30/20185,16966N/A1,024N/A3/31/20185,05161N/A786N/A12/31/20174,93457N/A547N/A9/30/20174,74044N/A770N/A6/30/20174,38231N/A20N/A3/31/20174,45532N/A371N/A12/31/20164,36325N/A575N/A9/30/20164,333-63N/A-182N/A6/30/20164,180-180N/A-48N/A3/31/20164,073-148N/A-517N/A12/31/20154,135-175N/A-568N/A9/30/20154,439-71N/A-591N/A6/30/20154,57256N/A-492N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1F80の予測収益成長率 (年間26% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 1F80の収益 ( 26% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: 1F80の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 1F80の収益 ( 6.8% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: 1F80の収益 ( 6.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1F80の 自己資本利益率 は、3年後には低くなると予測されています ( 15.7 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance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2026/06/22 09:10終値2026/06/19 00:00収益2025/12/31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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Fincantieri S.p.A. 8 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。17 アナリスト機関Andrea BelloliBanca Akros S.p.A. (ESN)Michele BaldelliBNP ParibasSriram KrishnanDeutsche Bank14 その他のアナリストを表示
Board Change • May 21High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Standing Auditor Elena Cussigh is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 03Fincantieri S.p.A., Annual General Meeting, May 14, 2026Fincantieri S.p.A., Annual General Meeting, May 14, 2026, at 11:00 W. Europe Standard Time.
お知らせ • Feb 19+ 1 more updateFincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million.Fincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,588,445 Price\Range: €15.32 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing
お知らせ • Jan 26+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Fincantieri S.p.A. announced that they will report fiscal year 2025 results on Mar 25, 2026
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €19.56, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 338% over the past three years.
Board Change • Dec 30High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Dec 30Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million.Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million on December 29, 2025. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is January 1, 2026 to March 31, 2026.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €20.64, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 433% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.81 per share.
Board Change • Aug 18High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Jan 24+ 3 more updatesFincantieri S.p.A. to Report Q1, 2025 Results on May 12, 2025Fincantieri S.p.A. announced that they will report Q1, 2025 results on May 12, 2025
お知らせ • Jan 15Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) for €400 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) in a transaction valued at €420 million on May 9, 2024. The value of the acquisition is equal to €300 million as fixed Enterprise Value, subject to usual price adjustment mechanisms, in addition to a maximum of €115 million as a variable component based on certain growth assumptions linked to the performance of the UAS business line in 2024, for a total maximum Enterprise Value of €415 million. To finance the acquisition, the Company has proposed the power to resolve upon a capital increase, in one or more events, divisible and with payment, for a maximum amount of €400 million. Rothschild S.p.A., acted as a financial advisor, Studio Legale Cappelli RCCD acted as a legal advisor to Leonardo S.p.a. Deutsche Bank AG, Milan acted as a financial advisor, and Deloitte Italy S.p.A provided due diligence services to Fincantieri. UBS supported Leonardo's Control and Risks Committee in evaluating the transaction, providing a fairness opinion on the economic terms of the transaction. BofA Securities is currently acting as sole Financial Advisor to CDP Equity S.p.A. in relation to their underwriting commitment in the context of Ficantieri SpA €400m capital increase targeted at its acquisition of Leonardo SpA's Underwater Armaments Systems. Lazard S.r.l. acted as financial advisor to Fincantieri S.p.A. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) on January 14, 2025. Leonardo received €287 million and variable component, up to a maximum of €115 million, along with standard price adjustments, will be determined following the approval of UAS's final 2024 financial results.
New Risk • Jul 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 90% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change).
Reported Earnings • Jun 14First quarter 2024 earnings released: €0.011 loss per share (vs €0.004 loss in 1Q 2023)First quarter 2024 results: €0.011 loss per share (further deteriorated from €0.004 loss in 1Q 2023). Revenue: €1.77b (flat on 1Q 2023). Net loss: €17.8m (loss widened 162% from 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to €0.60. The fair value is estimated to be €0.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 7.7% in a year. Earnings are forecast to grow by 77% in the next year.
Reported Earnings • Mar 10Full year 2023 earnings releasedFull year 2023 results: Revenue: €7.65b (up 3.4% from FY 2022). Net loss: €53.0m (loss narrowed 83% from FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in Germany.
New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.
お知らせ • Mar 07Italy's Fincantieri in Talks to Buy Leonardo's was UnitItalian shipbuilder Fincantieri S.p.A. (BIT:FCT) is in talks with Leonardo (LDOF.MI), to buy the defence group's submarine unit Whitehead Alenia Sistemi Subacquei (Wass), several newspapers reported, sending its shares up more than 5%. The acquisition would have a value of between EUR 200 million and EUR 300 million ($217 million-$326 million), Corriere della Sera and financial daily Il Sole 24 Ore reported. The move by Fincantieri would be part of the group's broader strategy to grow through acquisitions and focus more on the defence sector, which in its last results accounted for less that 25% of its revenues. It would also strengthen its position in the underwater sector, which the group recently identified as a key area for growth. The state-controlled shipbuilder is considering a capital increase of some EUR 400 million to finance the operation, Il Messaggero said, adding that the group is being advised by JPMorgan, Intesa Sanpaolo and Bnp Paribas on the deal. Spokespersons for Fincantieri and Leonardo both declined to comment on the reports. Milano Finanza first reported on Saturday that Fincantieri was considering a large acquisition and that it was examining either a recapitalisation or a convertible bond to do so. Leonardo, also controlled by the Italian state, has been trying to find a buyer for Wass, which designs and builds underwater defence systems such as torpedoes and sonars, for years, but put the decision on hold after the war in Ukraine. At the time the group said Wass, along with its cannon maker OTO Melara, could grow more effectively outside the group. Fincantieri had made a non-binding offer for the two units in the past.
お知らせ • Feb 16Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million.Fincantieri S.p.A. (BIT:FCT) signed a letter of intent to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group on December 1, 2023. As on December 27, 2023, Fincantieri S.p.A. (BIT:FCT) signed an agreement to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group. The acquisition, fully financed through Fincantieri's own resources. Finalization of the acquisition will be subject to some conditions set out by the parties being met. The purchase price for the transaction, which is expected to be finalized by year end, will be calculated on the basis of a €78 million enterprise value, subject to adjustments typical for this type of transaction. For FY 2022, Remazel had revenues in excess of €100 million. The transaction is expected to close by the first quarter of 2024. Carlo Re and Stefano Milanesi of Studio Pedersoli advised Alpha, Fincantieri acted with the internal legal team composed of the General Counsel, Alessandra Battaglia and the Head of Business and Strategic Legal Affairs, Manlio Niccolai and Roberto Cappelli, Guido Masini, Stefania Rossini of Studio Legale Cappelli RCCD advised Fincantieri. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million on February 15, 2024.
お知らせ • Jan 31+ 4 more updatesFincantieri S.p.A., Annual General Meeting, Apr 23, 2024Fincantieri S.p.A., Annual General Meeting, Apr 23, 2024. Agenda: To approve financial statements as at December 31, 2023.
Reported Earnings • Aug 01First half 2023 earnings releasedFirst half 2023 results: Revenue: €3.60b (up 2.5% from 1H 2022). Net loss: €22.0m (loss narrowed 90% from 1H 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 09Full year 2022 earnings releasedFull year 2022 results: Revenue: €7.48b (up 9.6% from FY 2021). Net loss: €324.0m (down €345.8m from profit in FY 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany.
お知らせ • Jan 31+ 3 more updatesFincantieri S.p.A. to Report Q3, 2023 Results on Nov 14, 2023Fincantieri S.p.A. announced that they will report Q3, 2023 results on Nov 14, 2023
Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: €3.47b (up 6.8% from 1H 2021). Net loss: €234.0m (down €239.7m from profit in 1H 2021). Over the next year, revenue is forecast to grow 8.0%, compared to a 10% growth forecast for the industry in Germany.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Elisabetta Oliveri was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 09Fincantieri S.p.A., Annual General Meeting, May 16, 2022Fincantieri S.p.A., Annual General Meeting, May 16, 2022. Agenda: To consider approval of the financial statements of FINCANTIERI S.p.A. at December 31, 2021.
お知らせ • Feb 01+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2021 Results on Mar 08, 2022Fincantieri S.p.A. announced that they will report fiscal year 2021 results on Mar 08, 2022
お知らせ • Aug 23Fincantieri Reportedly in Talks to Buy OTO Melara UnitFincantieri S.p.A. (BIT:FCT) was in early talks to buy Oto Melara North America Inc., famous for its naval gun production, and could launch an offer before the end of the year. The newspaper said any deal would be vetted by the Italian Treasury which is top shareholder in Leonardo and, through state lender CDP, Fincantieri.
Reported Earnings • Aug 02First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.25b (up 37% from 1H 2020). Net income: €6.00m (up €140.5m from 1H 2020). Profit margin: 0.2% (up from net loss in 1H 2020).
Reported Earnings • Mar 19Full year 2020 earnings released: €0.14 loss per share (vs €0.069 loss in FY 2019)The company reported a poor full year result with increased losses and weaker control over costs, although revenues were flat. Full year 2020 results: Revenue: €5.81b (flat on FY 2019). Net loss: €240.1m (loss widened 105% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 27Full year 2020 earnings releasedThe company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €5.88b (up 1.4% from FY 2019). Net loss: €240.0m (loss widened 105% from FY 2019).
Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 1.2%, compared to a 5.1% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Feb 14New 90-day high: €0.68The company is up 20% from its price of €0.57 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.98 per share.
お知らせ • Jan 31+ 4 more updatesFincantieri S.p.A. to Report Q1, 2021 Results on May 13, 2021Fincantieri S.p.A. announced that they will report Q1, 2021 results on May 13, 2021
Is New 90 Day High Low • Nov 20New 90-day high: €0.61The company is up 5.0% from its price of €0.58 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.23 per share.
Is New 90 Day High Low • Oct 24New 90-day low: €0.51The company is down 15% from its price of €0.60 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.
Is New 90 Day High Low • Sep 23New 90-day low: €0.55The company is down 10.0% from its price of €0.60 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.
お知らせ • Jul 31Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire 60% stake in INSIS S.p.A. from Esseti Sistemi E Tecnologie Holding Srl and Avio Engineering Solutions & Services S.r.l. on April 23, 2019. In 2018, INSIS S.p.A. recorded revenues of €51.7 million. The closing of the deal will be subject to customary conditions for these kind of operations, to the non-exercise of the Italian government’s golden power, as well as to the authorization from the competent authorities. Selling shareholders and managers of INSIS S.p.A. will remain invested in the Company with a minority stake.As on June 12, 2019, the deal was approved by italian antitrust authority. As of November 7, 2019, Board of Directors approved the deal to acquire 60% stake in INSIS. Alvise Becker, Riccardo Lonardi, Natali Prodan Milic, Alessio Buonaiuto, Arianna Lucariello, Federica De Luca and Giulia Guidetti of PWC TLS Associazione Professionale di Avvocati e Commercialisti acted as legal advisors for Fincantieri. Dario Ardizzone of Ardizzone-Corielli assisted the sellers. Cassiopea Partners acted as financial advisor to Cassiopea Partners and its shareholders. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million on July 4, 2019. Fincantieri S.p.A. has a call option to acquire remaining 40% stake in INSIS S.p.A.