View ValuationAvio 将来の成長Future 基準チェック /46Avio利益と収益がそれぞれ年間35.2%と16.3%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2.1% 27.8%なると予測されています。主要情報35.2%収益成長率27.77%EPS成長率Aerospace & Defense 収益成長27.1%収益成長率16.3%将来の株主資本利益率2.10%アナリストカバレッジLow最終更新日13 May 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 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Chairman of the Board Roberto Italia is the most experienced director on the board, commencing their role in 2015. 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 • May 02Avio S.p.A. announces Annual dividend, payable on May 20, 2026Avio S.p.A. announced Annual dividend of EUR 0.1485 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.お知らせ • Mar 20Avio S.p.A., Annual General Meeting, Apr 28, 2026Avio S.p.A., Annual General Meeting, Apr 28, 2026, at 14:30 W. Europe Standard Time.お知らせ • Jan 30+ 3 more updatesAvio S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026Avio S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026New Risk • Jan 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% 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 (81% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).お知らせ • Mar 25Avio S.p.A., Annual General Meeting, Apr 30, 2025Avio S.p.A., Annual General Meeting, Apr 30, 2025, at 11:00 W. Europe Standard Time. Location: via leonida bissolati 76, roma Italyお知らせ • Mar 19Avio S.p.A. announces Annual dividend, payable on May 07, 2025Avio S.p.A. announced Annual dividend of EUR 0.1484 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025.お知らせ • Jan 28+ 3 more updatesAvio S.p.A. to Report Nine Months, 2025 Results on Nov 13, 2025Avio S.p.A. announced that they will report nine months, 2025 results on Nov 13, 2025New Risk • Sep 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Upcoming Dividend • Apr 22Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.1%).Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.26 (vs €0.017 loss in FY 2022)Full year 2023 results: EPS: €0.26 (up from €0.017 loss in FY 2022). Revenue: €343.7m (down 7.5% from FY 2022). Net income: €6.49m (up €6.92m from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Jan 27+ 4 more updatesAvio S.p.A. to Report Q1, 2024 Results on May 08, 2024Avio S.p.A. announced that they will report Q1, 2024 results on May 08, 2024Reported Earnings • Sep 11First half 2023 earnings released: €0.15 loss per share (vs €0.37 loss in 1H 2022)First half 2023 results: €0.15 loss per share (improved from €0.37 loss in 1H 2022). Revenue: €157.7m (up 18% from 1H 2022). Net loss: €3.68m (loss narrowed 61% from 1H 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 16Full year 2022 earnings released: €0.02 loss per share (vs €0.33 profit in FY 2021)Full year 2022 results: €0.02 loss per share (down from €0.33 profit in FY 2021). Revenue: €371.4m (up 16% from FY 2021). Net loss: €434.8k (down 105% from profit in FY 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.お知らせ • Jan 24+ 2 more updatesAvio S.p.A. to Report Fiscal Year 2022 Results on Mar 13, 2023Avio S.p.A. announced that they will report fiscal year 2022 results on Mar 13, 2023Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 11First half 2022 earnings released: €0.37 loss per share (vs €0.095 loss in 1H 2021)First half 2022 results: €0.37 loss per share (further deteriorated from €0.095 loss in 1H 2021). Revenue: €133.5m (flat on 1H 2021). Net loss: €9.45m (loss widened 286% from 1H 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Upcoming Dividend • May 02Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 97%. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.2%).Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.33 (down from €0.55 in FY 2020). Revenue: €320.1m (down 9.0% from FY 2020). Net income: €8.48m (down 40% from FY 2020). Profit margin: 2.6% (down from 4.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.7%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 12First half 2021 earnings released: €0.095 loss per share (vs €0.32 profit in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €132.9m (down 24% from 1H 2020). Net loss: €2.45m (down 130% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 04Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to €14.44, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 11% over the past three years.Reported Earnings • Mar 21Full year 2020 earnings released: EPS €0.54 (vs €0.99 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €351.6m (down 10% from FY 2019). Net income: €14.1m (down 46% from FY 2019). Profit margin: 4.0% (down from 6.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year.お知らせ • Jan 28Avio S.p.A., Annual General Meeting, Apr 29, 2021Avio S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To consider approval of the 2020 financial statements and presentation of the 2020 consolidated financial statements.お知らせ • Dec 13AVIO and Thales Alenia Space Signs Contract with ESA for the Development of the Space Rider SystemAVIO and Thales Alenia Space as co-contractor, signed a contract with the European Space Agency for the development of the automated reusable Space Rider transportation system, designed for deployment by the new Vega C light launcher into low Earth orbit (LEO). The total worth of the contract is €167 million. Space Rider is Europe’s solution for its own affordable and reusable end-to-end integrated space transportation system for unmanned missions and for routine access and return from low orbit. It will be used to transport a variety of payloads into different low Earth orbit (LEO) altitudes and inclinations. Designed as a free-flying orbital platform, Space Rider is capable of remaining two months in orbit, safely re-entering the atmosphere and landing on the ground with a precision of 150 metres. It can be recovered along with its payload, refurbished, and reused for up to six missions. AVIO is in charge of the propulsions system and the expandable service module. Space Rider will be launched into space aboard the Vega C launcher, developed by AVIO for the European Space Agency.Is New 90 Day High Low • Nov 18New 90-day low: €10.98The company is down 21% from its price of €13.98 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.Is New 90 Day High Low • Oct 30New 90-day low: €11.64The company is down 14% from its price of €13.54 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.41 per share.Is New 90 Day High Low • Oct 14New 90-day low: €12.98The company is down 11% from its price of €14.56 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.36 per share.Is New 90 Day High Low • Sep 22New 90-day low: €13.22The company is down 13% from its price of €15.18 on 24 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 Aerospace & Defense industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.32 per share.業績と収益の成長予測DB:2ZP - 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12/31/202878616-108-7412/31/202767211-105109512/31/202659211-139-12512/31/202558410124168N/A9/30/202554984485N/A6/30/202553065492N/A3/31/202550563976N/A12/31/202448062560N/A9/30/20244013-78-54N/A6/30/202439710-70-39N/A3/31/20243708-322N/A12/31/20233446642N/A9/30/202337063873N/A6/30/2023396569103N/A3/31/202338325185N/A12/31/202237103366N/A9/30/202234612657N/A6/30/202232111948N/A3/31/202232051345N/A12/31/20213208841N/A9/30/202131561551N/A6/30/202130932361N/A3/31/202133091854N/A12/31/2020352141347N/A9/30/2020364211448N/A6/30/2020375281648N/A3/31/2020383272657N/A12/31/2019391263666N/A9/30/201941026N/A55N/A6/30/201942925N/A45N/A3/31/201943425N/A43N/A12/31/201844024N/A42N/A6/30/201847723N/A19N/A3/31/201842621N/A12N/A12/31/201737619N/A6N/A6/30/20171011N/A-13N/A3/31/2017511N/A-5N/A12/31/2016N/A0N/A1N/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: 2ZPの予測収益成長率 (年間35.2% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 2ZPの収益 ( 35.2% ) 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: 2ZP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: 2ZPの収益 ( 16.3% ) German市場 ( 6.8% ) 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: 2ZPの収益 ( 16.3% ) 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: 2ZP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 ( 2.1 %)。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2026/05/25 11:05終値2026/05/22 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Avio S.p.A. 5 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。9 アナリスト機関Andrea BonfaBanca Akros S.p.A. (ESN)Benjamin HeelanBofA Global ResearchDomenico GhilottiEquita SIM S.p.A.6 その他のアナリストを表示
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Chairman of the Board Roberto Italia is the most experienced director on the board, commencing their role in 2015. 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 • May 02Avio S.p.A. announces Annual dividend, payable on May 20, 2026Avio S.p.A. announced Annual dividend of EUR 0.1485 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
お知らせ • Mar 20Avio S.p.A., Annual General Meeting, Apr 28, 2026Avio S.p.A., Annual General Meeting, Apr 28, 2026, at 14:30 W. Europe Standard Time.
お知らせ • Jan 30+ 3 more updatesAvio S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026Avio S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026
New Risk • Jan 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% 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 (81% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
お知らせ • Mar 25Avio S.p.A., Annual General Meeting, Apr 30, 2025Avio S.p.A., Annual General Meeting, Apr 30, 2025, at 11:00 W. Europe Standard Time. Location: via leonida bissolati 76, roma Italy
お知らせ • Mar 19Avio S.p.A. announces Annual dividend, payable on May 07, 2025Avio S.p.A. announced Annual dividend of EUR 0.1484 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025.
お知らせ • Jan 28+ 3 more updatesAvio S.p.A. to Report Nine Months, 2025 Results on Nov 13, 2025Avio S.p.A. announced that they will report nine months, 2025 results on Nov 13, 2025
New Risk • Sep 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Apr 22Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.1%).
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.26 (vs €0.017 loss in FY 2022)Full year 2023 results: EPS: €0.26 (up from €0.017 loss in FY 2022). Revenue: €343.7m (down 7.5% from FY 2022). Net income: €6.49m (up €6.92m from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 27+ 4 more updatesAvio S.p.A. to Report Q1, 2024 Results on May 08, 2024Avio S.p.A. announced that they will report Q1, 2024 results on May 08, 2024
Reported Earnings • Sep 11First half 2023 earnings released: €0.15 loss per share (vs €0.37 loss in 1H 2022)First half 2023 results: €0.15 loss per share (improved from €0.37 loss in 1H 2022). Revenue: €157.7m (up 18% from 1H 2022). Net loss: €3.68m (loss narrowed 61% from 1H 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 16Full year 2022 earnings released: €0.02 loss per share (vs €0.33 profit in FY 2021)Full year 2022 results: €0.02 loss per share (down from €0.33 profit in FY 2021). Revenue: €371.4m (up 16% from FY 2021). Net loss: €434.8k (down 105% from profit in FY 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 24+ 2 more updatesAvio S.p.A. to Report Fiscal Year 2022 Results on Mar 13, 2023Avio S.p.A. announced that they will report fiscal year 2022 results on Mar 13, 2023
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 11First half 2022 earnings released: €0.37 loss per share (vs €0.095 loss in 1H 2021)First half 2022 results: €0.37 loss per share (further deteriorated from €0.095 loss in 1H 2021). Revenue: €133.5m (flat on 1H 2021). Net loss: €9.45m (loss widened 286% from 1H 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 02Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 97%. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.2%).
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.33 (down from €0.55 in FY 2020). Revenue: €320.1m (down 9.0% from FY 2020). Net income: €8.48m (down 40% from FY 2020). Profit margin: 2.6% (down from 4.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.7%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 12First half 2021 earnings released: €0.095 loss per share (vs €0.32 profit in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €132.9m (down 24% from 1H 2020). Net loss: €2.45m (down 130% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 04Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to €14.44, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 11% over the past three years.
Reported Earnings • Mar 21Full year 2020 earnings released: EPS €0.54 (vs €0.99 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €351.6m (down 10% from FY 2019). Net income: €14.1m (down 46% from FY 2019). Profit margin: 4.0% (down from 6.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year.
お知らせ • Jan 28Avio S.p.A., Annual General Meeting, Apr 29, 2021Avio S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To consider approval of the 2020 financial statements and presentation of the 2020 consolidated financial statements.
お知らせ • Dec 13AVIO and Thales Alenia Space Signs Contract with ESA for the Development of the Space Rider SystemAVIO and Thales Alenia Space as co-contractor, signed a contract with the European Space Agency for the development of the automated reusable Space Rider transportation system, designed for deployment by the new Vega C light launcher into low Earth orbit (LEO). The total worth of the contract is €167 million. Space Rider is Europe’s solution for its own affordable and reusable end-to-end integrated space transportation system for unmanned missions and for routine access and return from low orbit. It will be used to transport a variety of payloads into different low Earth orbit (LEO) altitudes and inclinations. Designed as a free-flying orbital platform, Space Rider is capable of remaining two months in orbit, safely re-entering the atmosphere and landing on the ground with a precision of 150 metres. It can be recovered along with its payload, refurbished, and reused for up to six missions. AVIO is in charge of the propulsions system and the expandable service module. Space Rider will be launched into space aboard the Vega C launcher, developed by AVIO for the European Space Agency.
Is New 90 Day High Low • Nov 18New 90-day low: €10.98The company is down 21% from its price of €13.98 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.
Is New 90 Day High Low • Oct 30New 90-day low: €11.64The company is down 14% from its price of €13.54 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.41 per share.
Is New 90 Day High Low • Oct 14New 90-day low: €12.98The company is down 11% from its price of €14.56 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.36 per share.
Is New 90 Day High Low • Sep 22New 90-day low: €13.22The company is down 13% from its price of €15.18 on 24 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 Aerospace & Defense industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.32 per share.