Leonardo（LDO）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LDO ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長3/6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16.3%で取引されている 収益は年間14.86%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、LDO 、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LDO Community Fair Values Create NarrativeSee what 163 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN15.4% undervaluedAnalystLowTarget•15d agoCapital Restrictions And Order Decline Will Undermine European Defense6402AN4.6% undervaluedAnalystConsensusTarget•6mo agoLDO: European Defense Sector Momentum And Satellite Joint Venture Will Shape Outlook498076AN35.2% undervaluedAnalystHighTarget•14h agoRising Geopolitical Tensions And Digitalization Will Drive Demand39010Top Community NarrativesLeonardoCHChris1Community ContributorLeonardo will leverage strong order backlog and rising defence budgets for growthKey drivers: Strong order backlog, efficiency gains, higher defence budgets, digital & services growth Margin expansion: From mid-single digits to high-teens EBIT margins by 2029 Risks: Geopolitics, supply chains, cybersecurity, ESG/regulation, talent Valuation: Trading at ~1.5x EV/Sales and ~23x forward P/E Summary: Leonardo benefits from robust global defence spending, a diversified aerospace portfolio and accelerating service revenues. Efficiency programmes and digitalisation underpin margin improvement, while a strong balance sheet supports capital allocation.View narrative€50.31FV3.4% 割高 内在価値ディスカウント7.00%Revenue growth p.a.Set Fair ValueView95users have viewed this narrative0users have liked this narrative0users have commented on this narrative2users have followed this narrativeabout 1 year ago author updated this narrativeTop Community NarrativesLeonardoCHChris1Community ContributorLeonardo will leverage strong order backlog and rising defence budgets for growthKey drivers: Strong order backlog, efficiency gains, higher defence budgets, digital & services growth Margin expansion: From mid-single digits to high-teens EBIT margins by 2029 Risks: Geopolitics, supply chains, cybersecurity, ESG/regulation, talent Valuation: Trading at ~1.5x EV/Sales and ~23x forward P/E Summary: Leonardo benefits from robust global defence spending, a diversified aerospace portfolio and accelerating service revenues. Efficiency programmes and digitalisation underpin margin improvement, while a strong balance sheet supports capital allocation.View narrative€50.31FV3.4% 割高 内在価値ディスカウント7.00%Revenue growth p.a.Set Fair ValueView95users have viewed this narrative0users have liked this narrative0users have commented on this narrative2users have followed this narrativeabout 1 year ago author updated this narrativeTop Analyst NarrativesAN15.4% undervaluedAnalystLowTarget•15d agoCapital Restrictions And Order Decline Will Undermine European Defense6402AN4.6% undervaluedAnalystConsensusTarget•6mo agoLDO: European Defense Sector Momentum And Satellite Joint Venture Will Shape Outlook498076AN35.2% undervaluedAnalystHighTarget•14h agoRising Geopolitical Tensions And Digitalization Will Drive Demand39010View all narrativesLeonardo S.p.a. 競合他社AvioSymbol: BIT:AVIOMarket cap: €1.8bPrysmianSymbol: BIT:PRYMarket cap: €43.9bElbit SystemsSymbol: TASE:ESLTMarket cap: ₪103.4bBharat ElectronicsSymbol: BSE:500049Market cap: ₹3.1t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€52.0252週高値€66.2652週安値€43.15ベータ0.371ヶ月の変化-1.29%3ヶ月変化-12.07%1年変化-1.96%3年間の変化388.91%5年間の変化631.65%IPOからの変化272.43%最新ニュースライブニュース • May 20Leonardo Secures £1b UK Helicopter Deal as Orders Rise and New CEO Takes HelmLeonardo reported Q1 2026 orders up 31% year on year and revenues up 6.9%, while keeping full-year guidance unchanged. The company completed a government-mandated CEO transition in early May 2026, appointing Lorenzo Mariani as the new chief executive. The UK Ministry of Defence awarded Leonardo a £1b contract for 23 AW149 helicopters, which secures production at the Yeovil facility. Order growth outpacing revenue growth, alongside confirmed full-year guidance, indicates that management currently views the existing outlook as consistent with recent trading and the new UK contract pipeline. The CEO change and large UK helicopter award also highlight how closely Leonardo’s business is tied to government decisions, which can provide sizable contract opportunities but can also mean exposure to shifts in political or budget priorities.ナラティブの更新 • May 10LDO: Higher Fair Value Signals Confidence In Portfolio And Leadership OutlookAnalysts have lifted the fair value estimate for Leonardo from €40.45 to €61.50, reflecting recent price target increases across several firms and updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research on Leonardo shows a mix of optimism and caution, with several firms adjusting ratings and price targets in quick succession.分析記事 • May 09Here's What Analysts Are Forecasting For Leonardo S.p.a. (BIT:LDO) After Its First-Quarter ResultsAs you might know, Leonardo S.p.a. ( BIT:LDO ) recently reported its first-quarter numbers. Results were roughly in...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 11% growth forecast for the Aerospace & Defense industry in Europe.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.最新情報をもっと見るRecent updatesライブニュース • May 20Leonardo Secures £1b UK Helicopter Deal as Orders Rise and New CEO Takes HelmLeonardo reported Q1 2026 orders up 31% year on year and revenues up 6.9%, while keeping full-year guidance unchanged. The company completed a government-mandated CEO transition in early May 2026, appointing Lorenzo Mariani as the new chief executive. The UK Ministry of Defence awarded Leonardo a £1b contract for 23 AW149 helicopters, which secures production at the Yeovil facility. Order growth outpacing revenue growth, alongside confirmed full-year guidance, indicates that management currently views the existing outlook as consistent with recent trading and the new UK contract pipeline. The CEO change and large UK helicopter award also highlight how closely Leonardo’s business is tied to government decisions, which can provide sizable contract opportunities but can also mean exposure to shifts in political or budget priorities.ナラティブの更新 • May 10LDO: Higher Fair Value Signals Confidence In Portfolio And Leadership OutlookAnalysts have lifted the fair value estimate for Leonardo from €40.45 to €61.50, reflecting recent price target increases across several firms and updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research on Leonardo shows a mix of optimism and caution, with several firms adjusting ratings and price targets in quick succession.分析記事 • May 09Here's What Analysts Are Forecasting For Leonardo S.p.a. (BIT:LDO) After Its First-Quarter ResultsAs you might know, Leonardo S.p.a. ( BIT:LDO ) recently reported its first-quarter numbers. Results were roughly in...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 11% growth forecast for the Aerospace & Defense industry in Europe.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 ItalyDeclared Dividend • Mar 19Dividend increased to €0.63Dividend of €0.63 is 21% higher than last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.Price Target Changed • Mar 16Price target increased by 7.2% to €66.14Up from €61.68, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of €63.80. Stock is up 37% over the past year. The company is forecast to post earnings per share of €2.19 for next year compared to €2.12 last year.Reported Earnings • Mar 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €57.36, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 26x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 639% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.54 per share.New Risk • Jan 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.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, 2026Major Estimate Revision • Nov 14Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €2.17 to €1.93 per share. Revenue forecast steady at €19.1b. Net income forecast to grow 19% next year vs 36% growth forecast for Aerospace & Defense industry in Italy. Consensus price target broadly unchanged at €55.19. Share price was steady at €50.46 over the past week.Reported Earnings • Nov 07Third quarter 2025 earnings: Revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 4.6%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe.ナラティブの更新 • Nov 03LDO: European Defense Sector Momentum And Satellite Joint Venture Will Shape OutlookAnalysts have modestly raised their price target for Leonardo, with the updated consensus now reflecting increased confidence in the company's outlook. This is driven by a supportive sector environment and recent positive coverage, lifting targets by several euros to EUR 57.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 • Oct 20Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.9% to €50.18. The fair value is estimated to be €40.98, 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 7.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.ナラティブの更新 • Oct 20Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationLeonardo's analyst price target has increased slightly from EUR 54.18 to EUR 54.56, as analysts cite an improved industry outlook and higher price targets from major banks, despite only minor changes in company fundamentals. Analyst Commentary Recent street research highlights a mix of optimism and caution from analysts following Leonardo.ナラティブの更新 • Oct 05Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationLeonardo's analyst price target has been increased from €53.38 to €54.18, as analysts note stronger sector dynamics along with a modest improvement in projected growth and profit margins. Analyst Commentary Recent analyst coverage of Leonardo has provided a range of perspectives on the company's outlook, valuation, and competitive positioning within the European defense sector.分析記事 • Sep 24Leonardo (BIT:LDO) Ticks All The Boxes When It Comes To Earnings GrowthThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...ナラティブの更新 • Sep 20Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationAnalysts have slightly lowered Leonardo’s price target to €53.38 as high sector valuations and a relatively lower growth profile temper optimism toward robust European defense spending, resulting in only a marginal fair value revision. Analyst Commentary Bullish analysts see Leonardo benefiting from Europe's strongest defense spending cycle since the Cold War, supporting sector-wide top-line growth.ナラティブの更新 • Sep 04Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationWith no material changes in net profit margin or revenue growth forecasts, Leonardo's consensus analyst price target remains stable at €53.99. What's in the News Leonardo and Textron Aviation Defense entered a teaming agreement to offer the Beechcraft M-346N, based on Leonardo's M-346 trainer, for the U.S. Navy Undergraduate Jet Training System program.分析記事 • Sep 03Why Leonardo S.p.a. (BIT:LDO) Could Be Worth WatchingLet's talk about the popular Leonardo S.p.a. ( BIT:LDO ). The company's shares saw a double-digit share price rise of...Buy Or Sell Opportunity • Aug 20Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to €44.86. The fair value is estimated to be €37.05, 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 13% per annum over the same time period.分析記事 • Aug 20Leonardo (BIT:LDO) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.分析記事 • Aug 07Leonardo's (BIT:LDO) Solid Earnings Have Been Accounted For ConservativelyBIT:LDO 1 Year Share Price vs Fair Value Explore Leonardo's Fair Values from the Community and select yours Leonardo...Buy Or Sell Opportunity • Aug 04Now 21% overvaluedOver the last 90 days, the stock has fallen 1.3% to €47.33. The fair value is estimated to be €39.27, 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 13% per annum over the same time period.Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €0.21 (vs €0.14 in 2Q 2024)Second quarter 2025 results: EPS: €0.21 (up from €0.14 in 2Q 2024). Revenue: €4.76b (up 10% from 2Q 2024). Net income: €124.0m (up 57% from 2Q 2024). Profit margin: 2.6% (up from 1.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 31Leonardo S.p.a. (BIT:LDO) signed definitive agreement to acquire Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG).Leonardo S.p.a. (BIT:LDO) signed definitive agreement to acquire Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) on July 30, 2025. For the period ending December 31, 2024, Iveco Defence Vehicles S.p.A. reported total revenue of €1.13 billion and EBIT of €108 million. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is March 31, 2026. Freshfields LLP acted as legal advisor for Iveco Group N.V. Goldman Sachs Bank Europe SE, Italian Branch acted as financial 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.お知らせ • Jul 09Leonardo S.p.a. (BIT:LDO) agreed to acquire Axiomatics AB.Leonardo S.p.a. (BIT:LDO) agreed to acquire Axiomatics AB on July 9, 2025. Finalisation of the acquisition transaction of a 100% share in Axiomatics AB is subject to: (i) confirmation in accordance with several authorities, also including Swedish authorities, concerning direct investment by foreign entities in companies operating in the defence sector (FDI), as well as (ii) the other conditions typically applied to investments of this nature. PwC acted as accountant for Leonardo S.p.a.分析記事 • Jul 06Leonardo S.p.a.'s (BIT:LDO) Price Is Out Of Tune With EarningsWhen close to half the companies in Italy have price-to-earnings ratios (or "P/E's") below 16x, you may consider...分析記事 • Jun 17Leonardo's (BIT:LDO) Upcoming Dividend Will Be Larger Than Last Year'sLeonardo S.p.a. ( BIT:LDO ) has announced that it will be increasing its dividend from last year's comparable payment...Upcoming Dividend • Jun 16Upcoming dividend of €0.52 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (5.5%). In line with average of industry peers (1.2%).分析記事 • Jun 02Leonardo (BIT:LDO) Is Paying Out A Larger Dividend Than Last YearLeonardo S.p.a. ( BIT:LDO ) has announced that it will be increasing its dividend from last year's comparable payment...お知らせ • May 28Leonardo S.P.A. Approves Dividend for the Year 2024, Payable from June 25, 2025The Ordinary Shareholders' Meeting of Leonardo S.p.a. approved the proposal of distribution of a dividend of EUR 0.52 per share, based on the 2024 fiscal year's profits, before any applicable statutory withholding taxes. The dividend will be paid starting from June 25, 2025, with the 'ex-dividend' date (coupon no. 15) on June 23, 2025, and the 'record date' (the date for determining eligibility to receive the dividend, according to article 83-terdecies of the TUF) on June 24, 2025. This applies to each ordinary share outstanding on the ex-dividend date, excluding treasury shares held at that time, except for those that will be effectively allocated under current incentive plans in the ongoing fiscal year.Price Target Changed • May 12Price target increased by 12% to €52.01Up from €46.36, the current price target is an average from 15 analysts. New target price is 15% above last closing price of €45.34. Stock is up 106% over the past year. The company is forecast to post earnings per share of €1.79 for next year compared to €1.86 last year.Reported Earnings • May 10First quarter 2025 earnings: Revenues exceed analyst expectationsFirst quarter 2025 results: Revenue: €3.66b (flat on 1Q 2024). Net income: €447.0m (flat on 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.7%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 55% to €45.80. The fair value is estimated to be €38.15, 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 17%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.お知らせ • Apr 28Iveco Group's Defense Unit Reportedly Attracts US Buyout Firms Bain Capital , KPS CapitalBain Capital, LP and KPS Capital (KPS Capital Partners, LP) are interested in Iveco Group N.V. (BIT:IVG)’s defense unit, according to people familiar with the matter, as the Italian truckmaker looks to seize on the rising demand for military assets. The two US buyout firms have been considering bids for the business that makes armored and tactical vehicles, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and they could decide against pursuing any deal, the people said. Shares in Iveco extended their gains and rose as much as 4.8% on April 25, 2025 following the Bloomberg News report. The private equity firms have previously invested in aerospace and defense. The company announced in February that it was considering separating its defense unit through a spinoff. Iveco is seeking as much as €1.5 billion for the business, which includes the IDV brand, Bloomberg News reported in March. Any potential suitors could face an uphill battle to acquire the business. Rome-based defense company Leonardo S.p.a. (BIT:LDO) is considered the likeliest buyer, because the Italian government could prefer to keep the operations in local hands and the two companies already have supply agreements, according to people familiar with the matter. Leonardo — whose biggest shareholder is the Italian government - has been holding on-and-off talks with Iveco to buy the unit since last year, but so far the parties have been unable to agree on a price, people familiar with the matter said last month. Leonardo could make a bid with its joint venture partner Rheinmetall AG (XTRA:RHM), the people said at the time. KNDS NV (KMW+Nexter Defense Systems N.V.) and Czechoslovak Group (CZECHOSLOVAK GROUP a.s.) are also among companies with possible interest in the Iveco business, the people said. Indra Sistemas, S.A. (BME:IDR), the state-backed Spanish defense and technology company that has said it’s looking to expand its military-related business, considered a potential bid but decided against it for now, the people said. Iveco could opt to list the business if it doesn’t get high enough bids, the people said. Representatives for Bain, KPS, Czechoslovak Group and Indra declined to comment. A representative for Iveco also declined to comment, adding that the board will provide an update in due course following all necessary internal and regulatory approvals. A spokesperson for KNDS didn’t immediately respond to queries.New Risk • Apr 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Apr 15Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to €46.50. The fair value is estimated to be €38.72, 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 17%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.お知らせ • Apr 14Leonardo S.p.a., Annual General Meeting, May 26, 2025Leonardo S.p.a., Annual General Meeting, May 26, 2025, at 10:30 W. Europe Standard Time.Declared Dividend • Mar 16Dividend increased to €0.52Dividend of €0.52 is 86% higher than last year. Ex-date: 23rd June 2025 Payment date: 25th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 14Leonardo S.p.a. announces Annual dividend, payable on June 25, 2025Leonardo S.p.a. announced Annual dividend of EUR 0.5200 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: €1.86 (up from €1.14 in FY 2023). Revenue: €18.5b (up 21% from FY 2023). Net income: €1.07b (up 63% from FY 2023). Profit margin: 5.8% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €43.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 464% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.00 per share.New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Mar 03Now 38% overvalued after recent price riseOver the last 90 days, the stock has risen 71% to €44.78. The fair value is estimated to be €32.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period.Price Target Changed • Feb 21Price target increased by 7.6% to €33.49Up from €31.12, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €35.15. Stock is up 85% over the past year. The company is forecast to post earnings per share of €1.66 for next year compared to €1.14 last year.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €34.26, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 456% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.39 per share.Price Target Changed • Jan 16Price target increased by 8.5% to €29.77Up from €27.43, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €28.37. Stock is up 68% over the past year. The company is forecast to post earnings per share of €1.57 for next year compared to €1.14 last year.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.お知らせ • Jan 08Leonardo S.p.a. to Report Fiscal Year 2024 Final Results on Mar 11, 2025Leonardo S.p.a. announced that they will report fiscal year 2024 final results at 5:25 PM, Central European Standard Time on Mar 11, 2025お知らせ • Dec 16+ 3 more updatesLeonardo S.p.a. to Report Q1, 2025 Results on May 08, 2025Leonardo S.p.a. announced that they will report Q1, 2025 results on May 08, 2025新しいナラティブ • Nov 12International Alliances And Technology Drive Dynamic Growth In Aerospace And Defense Markets Strategic partnerships and international alliances aim to boost global market presence, enhancing revenue and margins through expanded capabilities. Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: €0.27 (up from €0.14 in 3Q 2023). Revenue: €4.09b (up 21% from 3Q 2023). Net income: €153.0m (up 87% from 3Q 2023). Profit margin: 3.7% (up from 2.4% in 3Q 2023). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 24Leonardo S.p.a. (BIT:LDO) acquired an additional 35% stake in GEM elettronica srl for €16 million.Leonardo S.p.a. (BIT:LDO) acquired an additional 35% stake in GEM elettronica srl for €16 million on September 23, 2024. Following the closing, Leonardo holds 65% and the control of GEM elettronica. For the period ending December 31, 2023, GEM elettronica reported total revenue of €30 million. Leonardo S.p.a. (BIT:LDO) completed the acquisition of an additional 35% stake in GEM elettronica srl on September 23, 2024Major Estimate Revision • Aug 06Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.34 to €1.49. Revenue forecast steady at €16.8b. Net income forecast to shrink 8.6% next year vs 29% growth forecast for Aerospace & Defense industry in Italy . Consensus price target broadly unchanged at €25.09. Share price fell 8.1% to €20.80 over the past week.Reported Earnings • Aug 01Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.77 (up from €0.28 in 2Q 2023). Revenue: €4.32b (up 12% from 2Q 2023). Net income: €445.0m (up 178% from 2Q 2023). Profit margin: 10% (up from 4.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 51%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Aerospace & Defense industry in Italy. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 17Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (1.4%).Reported Earnings • May 08First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.78. Revenue: €3.66b (up 21% from 1Q 2023). Net income: €81.0m (up 125% from 1Q 2023). Profit margin: 2.2% (up from 1.2% in 1Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Aerospace & Defense industry in Italy. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 29Price target increased by 7.9% to €23.10Up from €21.40, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €22.09. Stock is up 104% over the past year. The company is forecast to post earnings per share of €1.41 for next year compared to €1.14 last year.お知らせ • Apr 05Leonardo S.p.a., Annual General Meeting, May 17, 2024Leonardo S.p.a., Annual General Meeting, May 17, 2024.株主還元LDOIT Aerospace & DefenseIT 市場7D4.2%5.4%2.8%1Y-2.0%1.3%20.1%株主還元を見る業界別リターン: LDO過去 1 年間で1.3 % の収益を上げたItalian Aerospace & Defense業界を下回りました。リターン対市場: LDOは、過去 1 年間で20.1 % のリターンを上げたItalian市場を下回りました。価格変動Is LDO's price volatile compared to industry and market?LDO volatilityLDO Average Weekly Movement6.7%Aerospace & Defense Industry Average Movement7.2%Market Average Movement5.2%10% most volatile stocks in IT Market8.5%10% least volatile stocks in IT Market3.2%安定した株価: LDO 、 Italian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: LDOの 週次ボラティリティ ( 7% ) 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。LDO 基礎統計学時価総額€30.01b収益（TTM）€1.29b売上高(TTM)€19.79b23.3xPER（株価収益率1.5xP/SレシオLDO 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LDO 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%LDO 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LDO 配当は確実ですか？LDO 配当履歴とベンチマークを見るLDO 、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27 days配当支払日までの日数29 daysLDO 配当は確実ですか？LDO 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2026/05/25 03:47終値2026/05/25 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. 11 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。36 アナリスト機関Andrea BelloliBanca Akros S.p.A. (ESN)Andrea BelloliBanca Akros S.p.A. (ESN)Joseph CampbellBarclays33 その他のアナリストを表示
ライブニュース • May 20Leonardo Secures £1b UK Helicopter Deal as Orders Rise and New CEO Takes HelmLeonardo reported Q1 2026 orders up 31% year on year and revenues up 6.9%, while keeping full-year guidance unchanged. The company completed a government-mandated CEO transition in early May 2026, appointing Lorenzo Mariani as the new chief executive. The UK Ministry of Defence awarded Leonardo a £1b contract for 23 AW149 helicopters, which secures production at the Yeovil facility. Order growth outpacing revenue growth, alongside confirmed full-year guidance, indicates that management currently views the existing outlook as consistent with recent trading and the new UK contract pipeline. The CEO change and large UK helicopter award also highlight how closely Leonardo’s business is tied to government decisions, which can provide sizable contract opportunities but can also mean exposure to shifts in political or budget priorities.
ナラティブの更新 • May 10LDO: Higher Fair Value Signals Confidence In Portfolio And Leadership OutlookAnalysts have lifted the fair value estimate for Leonardo from €40.45 to €61.50, reflecting recent price target increases across several firms and updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research on Leonardo shows a mix of optimism and caution, with several firms adjusting ratings and price targets in quick succession.
分析記事 • May 09Here's What Analysts Are Forecasting For Leonardo S.p.a. (BIT:LDO) After Its First-Quarter ResultsAs you might know, Leonardo S.p.a. ( BIT:LDO ) recently reported its first-quarter numbers. Results were roughly in...
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 11% growth forecast for the Aerospace & Defense industry in Europe.
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.
ライブニュース • May 20Leonardo Secures £1b UK Helicopter Deal as Orders Rise and New CEO Takes HelmLeonardo reported Q1 2026 orders up 31% year on year and revenues up 6.9%, while keeping full-year guidance unchanged. The company completed a government-mandated CEO transition in early May 2026, appointing Lorenzo Mariani as the new chief executive. The UK Ministry of Defence awarded Leonardo a £1b contract for 23 AW149 helicopters, which secures production at the Yeovil facility. Order growth outpacing revenue growth, alongside confirmed full-year guidance, indicates that management currently views the existing outlook as consistent with recent trading and the new UK contract pipeline. The CEO change and large UK helicopter award also highlight how closely Leonardo’s business is tied to government decisions, which can provide sizable contract opportunities but can also mean exposure to shifts in political or budget priorities.
ナラティブの更新 • May 10LDO: Higher Fair Value Signals Confidence In Portfolio And Leadership OutlookAnalysts have lifted the fair value estimate for Leonardo from €40.45 to €61.50, reflecting recent price target increases across several firms and updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research on Leonardo shows a mix of optimism and caution, with several firms adjusting ratings and price targets in quick succession.
分析記事 • May 09Here's What Analysts Are Forecasting For Leonardo S.p.a. (BIT:LDO) After Its First-Quarter ResultsAs you might know, Leonardo S.p.a. ( BIT:LDO ) recently reported its first-quarter numbers. Results were roughly in...
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 11% growth forecast for the Aerospace & Defense industry in Europe.
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
Declared Dividend • Mar 19Dividend increased to €0.63Dividend of €0.63 is 21% higher than last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
Price Target Changed • Mar 16Price target increased by 7.2% to €66.14Up from €61.68, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of €63.80. Stock is up 37% over the past year. The company is forecast to post earnings per share of €2.19 for next year compared to €2.12 last year.
Reported Earnings • Mar 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €57.36, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 26x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 639% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.54 per share.
New Risk • Jan 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
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
Major Estimate Revision • Nov 14Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €2.17 to €1.93 per share. Revenue forecast steady at €19.1b. Net income forecast to grow 19% next year vs 36% growth forecast for Aerospace & Defense industry in Italy. Consensus price target broadly unchanged at €55.19. Share price was steady at €50.46 over the past week.
Reported Earnings • Nov 07Third quarter 2025 earnings: Revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 4.6%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe.
ナラティブの更新 • Nov 03LDO: European Defense Sector Momentum And Satellite Joint Venture Will Shape OutlookAnalysts have modestly raised their price target for Leonardo, with the updated consensus now reflecting increased confidence in the company's outlook. This is driven by a supportive sector environment and recent positive coverage, lifting targets by several euros to EUR 57.
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 • Oct 20Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 3.9% to €50.18. The fair value is estimated to be €40.98, 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 7.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
ナラティブの更新 • Oct 20Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationLeonardo's analyst price target has increased slightly from EUR 54.18 to EUR 54.56, as analysts cite an improved industry outlook and higher price targets from major banks, despite only minor changes in company fundamentals. Analyst Commentary Recent street research highlights a mix of optimism and caution from analysts following Leonardo.
ナラティブの更新 • Oct 05Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationLeonardo's analyst price target has been increased from €53.38 to €54.18, as analysts note stronger sector dynamics along with a modest improvement in projected growth and profit margins. Analyst Commentary Recent analyst coverage of Leonardo has provided a range of perspectives on the company's outlook, valuation, and competitive positioning within the European defense sector.
分析記事 • Sep 24Leonardo (BIT:LDO) Ticks All The Boxes When It Comes To Earnings GrowthThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
ナラティブの更新 • Sep 20Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationAnalysts have slightly lowered Leonardo’s price target to €53.38 as high sector valuations and a relatively lower growth profile temper optimism toward robust European defense spending, resulting in only a marginal fair value revision. Analyst Commentary Bullish analysts see Leonardo benefiting from Europe's strongest defense spending cycle since the Cold War, supporting sector-wide top-line growth.
ナラティブの更新 • Sep 04Accelerated European And NATO Defense Spending Will Drive Cyber ModernizationWith no material changes in net profit margin or revenue growth forecasts, Leonardo's consensus analyst price target remains stable at €53.99. What's in the News Leonardo and Textron Aviation Defense entered a teaming agreement to offer the Beechcraft M-346N, based on Leonardo's M-346 trainer, for the U.S. Navy Undergraduate Jet Training System program.
分析記事 • Sep 03Why Leonardo S.p.a. (BIT:LDO) Could Be Worth WatchingLet's talk about the popular Leonardo S.p.a. ( BIT:LDO ). The company's shares saw a double-digit share price rise of...
Buy Or Sell Opportunity • Aug 20Now 21% overvaluedOver the last 90 days, the stock has fallen 12% to €44.86. The fair value is estimated to be €37.05, 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 13% per annum over the same time period.
分析記事 • Aug 20Leonardo (BIT:LDO) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
分析記事 • Aug 07Leonardo's (BIT:LDO) Solid Earnings Have Been Accounted For ConservativelyBIT:LDO 1 Year Share Price vs Fair Value Explore Leonardo's Fair Values from the Community and select yours Leonardo...
Buy Or Sell Opportunity • Aug 04Now 21% overvaluedOver the last 90 days, the stock has fallen 1.3% to €47.33. The fair value is estimated to be €39.27, 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 13% per annum over the same time period.
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €0.21 (vs €0.14 in 2Q 2024)Second quarter 2025 results: EPS: €0.21 (up from €0.14 in 2Q 2024). Revenue: €4.76b (up 10% from 2Q 2024). Net income: €124.0m (up 57% from 2Q 2024). Profit margin: 2.6% (up from 1.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 31Leonardo S.p.a. (BIT:LDO) signed definitive agreement to acquire Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG).Leonardo S.p.a. (BIT:LDO) signed definitive agreement to acquire Iveco Defence Vehicles S.p.A. from Iveco Group N.V. (BIT:IVG) on July 30, 2025. For the period ending December 31, 2024, Iveco Defence Vehicles S.p.A. reported total revenue of €1.13 billion and EBIT of €108 million. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is March 31, 2026. Freshfields LLP acted as legal advisor for Iveco Group N.V. Goldman Sachs Bank Europe SE, Italian Branch acted as financial 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.
お知らせ • Jul 09Leonardo S.p.a. (BIT:LDO) agreed to acquire Axiomatics AB.Leonardo S.p.a. (BIT:LDO) agreed to acquire Axiomatics AB on July 9, 2025. Finalisation of the acquisition transaction of a 100% share in Axiomatics AB is subject to: (i) confirmation in accordance with several authorities, also including Swedish authorities, concerning direct investment by foreign entities in companies operating in the defence sector (FDI), as well as (ii) the other conditions typically applied to investments of this nature. PwC acted as accountant for Leonardo S.p.a.
分析記事 • Jul 06Leonardo S.p.a.'s (BIT:LDO) Price Is Out Of Tune With EarningsWhen close to half the companies in Italy have price-to-earnings ratios (or "P/E's") below 16x, you may consider...
分析記事 • Jun 17Leonardo's (BIT:LDO) Upcoming Dividend Will Be Larger Than Last Year'sLeonardo S.p.a. ( BIT:LDO ) has announced that it will be increasing its dividend from last year's comparable payment...
Upcoming Dividend • Jun 16Upcoming dividend of €0.52 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Italian dividend payers (5.5%). In line with average of industry peers (1.2%).
分析記事 • Jun 02Leonardo (BIT:LDO) Is Paying Out A Larger Dividend Than Last YearLeonardo S.p.a. ( BIT:LDO ) has announced that it will be increasing its dividend from last year's comparable payment...
お知らせ • May 28Leonardo S.P.A. Approves Dividend for the Year 2024, Payable from June 25, 2025The Ordinary Shareholders' Meeting of Leonardo S.p.a. approved the proposal of distribution of a dividend of EUR 0.52 per share, based on the 2024 fiscal year's profits, before any applicable statutory withholding taxes. The dividend will be paid starting from June 25, 2025, with the 'ex-dividend' date (coupon no. 15) on June 23, 2025, and the 'record date' (the date for determining eligibility to receive the dividend, according to article 83-terdecies of the TUF) on June 24, 2025. This applies to each ordinary share outstanding on the ex-dividend date, excluding treasury shares held at that time, except for those that will be effectively allocated under current incentive plans in the ongoing fiscal year.
Price Target Changed • May 12Price target increased by 12% to €52.01Up from €46.36, the current price target is an average from 15 analysts. New target price is 15% above last closing price of €45.34. Stock is up 106% over the past year. The company is forecast to post earnings per share of €1.79 for next year compared to €1.86 last year.
Reported Earnings • May 10First quarter 2025 earnings: Revenues exceed analyst expectationsFirst quarter 2025 results: Revenue: €3.66b (flat on 1Q 2024). Net income: €447.0m (flat on 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.7%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 55% to €45.80. The fair value is estimated to be €38.15, 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 17%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
お知らせ • Apr 28Iveco Group's Defense Unit Reportedly Attracts US Buyout Firms Bain Capital , KPS CapitalBain Capital, LP and KPS Capital (KPS Capital Partners, LP) are interested in Iveco Group N.V. (BIT:IVG)’s defense unit, according to people familiar with the matter, as the Italian truckmaker looks to seize on the rising demand for military assets. The two US buyout firms have been considering bids for the business that makes armored and tactical vehicles, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and they could decide against pursuing any deal, the people said. Shares in Iveco extended their gains and rose as much as 4.8% on April 25, 2025 following the Bloomberg News report. The private equity firms have previously invested in aerospace and defense. The company announced in February that it was considering separating its defense unit through a spinoff. Iveco is seeking as much as €1.5 billion for the business, which includes the IDV brand, Bloomberg News reported in March. Any potential suitors could face an uphill battle to acquire the business. Rome-based defense company Leonardo S.p.a. (BIT:LDO) is considered the likeliest buyer, because the Italian government could prefer to keep the operations in local hands and the two companies already have supply agreements, according to people familiar with the matter. Leonardo — whose biggest shareholder is the Italian government - has been holding on-and-off talks with Iveco to buy the unit since last year, but so far the parties have been unable to agree on a price, people familiar with the matter said last month. Leonardo could make a bid with its joint venture partner Rheinmetall AG (XTRA:RHM), the people said at the time. KNDS NV (KMW+Nexter Defense Systems N.V.) and Czechoslovak Group (CZECHOSLOVAK GROUP a.s.) are also among companies with possible interest in the Iveco business, the people said. Indra Sistemas, S.A. (BME:IDR), the state-backed Spanish defense and technology company that has said it’s looking to expand its military-related business, considered a potential bid but decided against it for now, the people said. Iveco could opt to list the business if it doesn’t get high enough bids, the people said. Representatives for Bain, KPS, Czechoslovak Group and Indra declined to comment. A representative for Iveco also declined to comment, adding that the board will provide an update in due course following all necessary internal and regulatory approvals. A spokesperson for KNDS didn’t immediately respond to queries.
New Risk • Apr 15New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Apr 15Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 67% to €46.50. The fair value is estimated to be €38.72, 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 17%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
お知らせ • Apr 14Leonardo S.p.a., Annual General Meeting, May 26, 2025Leonardo S.p.a., Annual General Meeting, May 26, 2025, at 10:30 W. Europe Standard Time.
Declared Dividend • Mar 16Dividend increased to €0.52Dividend of €0.52 is 86% higher than last year. Ex-date: 23rd June 2025 Payment date: 25th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 14Leonardo S.p.a. announces Annual dividend, payable on June 25, 2025Leonardo S.p.a. announced Annual dividend of EUR 0.5200 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: €1.86 (up from €1.14 in FY 2023). Revenue: €18.5b (up 21% from FY 2023). Net income: €1.07b (up 63% from FY 2023). Profit margin: 5.8% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €43.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 464% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.00 per share.
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Mar 03Now 38% overvalued after recent price riseOver the last 90 days, the stock has risen 71% to €44.78. The fair value is estimated to be €32.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period.
Price Target Changed • Feb 21Price target increased by 7.6% to €33.49Up from €31.12, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €35.15. Stock is up 85% over the past year. The company is forecast to post earnings per share of €1.66 for next year compared to €1.14 last year.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €34.26, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 456% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.39 per share.
Price Target Changed • Jan 16Price target increased by 8.5% to €29.77Up from €27.43, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €28.37. Stock is up 68% over the past year. The company is forecast to post earnings per share of €1.57 for next year compared to €1.14 last year.
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.
お知らせ • Jan 08Leonardo S.p.a. to Report Fiscal Year 2024 Final Results on Mar 11, 2025Leonardo S.p.a. announced that they will report fiscal year 2024 final results at 5:25 PM, Central European Standard Time on Mar 11, 2025
お知らせ • Dec 16+ 3 more updatesLeonardo S.p.a. to Report Q1, 2025 Results on May 08, 2025Leonardo S.p.a. announced that they will report Q1, 2025 results on May 08, 2025
新しいナラティブ • Nov 12International Alliances And Technology Drive Dynamic Growth In Aerospace And Defense Markets Strategic partnerships and international alliances aim to boost global market presence, enhancing revenue and margins through expanded capabilities.
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: €0.27 (up from €0.14 in 3Q 2023). Revenue: €4.09b (up 21% from 3Q 2023). Net income: €153.0m (up 87% from 3Q 2023). Profit margin: 3.7% (up from 2.4% in 3Q 2023). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 24Leonardo S.p.a. (BIT:LDO) acquired an additional 35% stake in GEM elettronica srl for €16 million.Leonardo S.p.a. (BIT:LDO) acquired an additional 35% stake in GEM elettronica srl for €16 million on September 23, 2024. Following the closing, Leonardo holds 65% and the control of GEM elettronica. For the period ending December 31, 2023, GEM elettronica reported total revenue of €30 million. Leonardo S.p.a. (BIT:LDO) completed the acquisition of an additional 35% stake in GEM elettronica srl on September 23, 2024
Major Estimate Revision • Aug 06Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €1.34 to €1.49. Revenue forecast steady at €16.8b. Net income forecast to shrink 8.6% next year vs 29% growth forecast for Aerospace & Defense industry in Italy . Consensus price target broadly unchanged at €25.09. Share price fell 8.1% to €20.80 over the past week.
Reported Earnings • Aug 01Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.77 (up from €0.28 in 2Q 2023). Revenue: €4.32b (up 12% from 2Q 2023). Net income: €445.0m (up 178% from 2Q 2023). Profit margin: 10% (up from 4.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 51%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Aerospace & Defense industry in Italy. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 17Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (1.4%).
Reported Earnings • May 08First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.78. Revenue: €3.66b (up 21% from 1Q 2023). Net income: €81.0m (up 125% from 1Q 2023). Profit margin: 2.2% (up from 1.2% in 1Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Aerospace & Defense industry in Italy. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 29Price target increased by 7.9% to €23.10Up from €21.40, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €22.09. Stock is up 104% over the past year. The company is forecast to post earnings per share of €1.41 for next year compared to €1.14 last year.
お知らせ • Apr 05Leonardo S.p.a., Annual General Meeting, May 17, 2024Leonardo S.p.a., Annual General Meeting, May 17, 2024.
