View ValuationENAV 将来の成長Future 基準チェック /26ENAV利益と収益がそれぞれ年間13.5%と4.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.6% 13.7%なると予測されています。主要情報13.5%収益成長率13.72%EPS成長率Infrastructure 収益成長6.0%収益成長率4.8%将来の株主資本利益率11.60%アナリストカバレッジLow最終更新日21 May 2026今後の成長に関する最新情報Major Estimate Revision • Aug 07Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €1.01b to €1.03b. EPS estimate increased from €0.131 to €0.152 per share. Net income forecast to shrink 20% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target up from €4.34 to €4.49. Share price rose 9.6% to €4.22 over the past week.分析記事 • Aug 03The ENAV S.p.A. (BIT:ENAV) Interim Results Are Out And Analysts Have Published New ForecastsIt's been a good week for ENAV S.p.A. ( BIT:ENAV ) shareholders, because the company has just released its latest...分析記事 • May 17ENAV S.p.A. (BIT:ENAV) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?As you might know, ENAV S.p.A. ( BIT:ENAV ) recently reported its first-quarter numbers. It was an okay report, and...Major Estimate Revision • May 15Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.165 to €0.12 per share. Revenue forecast steady at €1.02b. Net income forecast to shrink 50% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target of €4.25 unchanged from last update. Share price was steady at €3.97 over the past week.Price Target Changed • Feb 26Price target decreased by 7.0% to €4.48Down from €4.82, the current price target is an average from 6 analysts. New target price is 33% above last closing price of €3.37. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.21 last year.分析記事 • Nov 17Analyst Estimates: Here's What Brokers Think Of ENAV S.p.A. (BIT:ENAV) After Its Third-Quarter ReportThe quarterly results for ENAV S.p.A. ( BIT:ENAV ) were released last week, making it a good time to revisit its...すべての更新を表示Recent updates分析記事 • May 20We Think You Can Look Beyond ENAV's (BIT:ENAV) Lackluster EarningsENAV S.p.A.'s ( BIT:ENAV ) earnings announcement last week didn't impress shareholders. Despite the soft profit...新しいナラティブ • May 18Overflight Strength And Rising Traffic Momentum Will Support A Stronger Long Term OutlookCatalysts About ENAV ENAV provides air traffic control and related services, with a core focus on en route and terminal air navigation in Italy and selected international markets. What are the underlying business or industry changes driving this perspective?Reported Earnings • May 17First quarter 2026 earnings releasedFirst quarter 2026 results: €0.042 loss per share. Revenue: €196.0m (up 13% from 1Q 2025). Net loss: €22.7m (loss narrowed 23% from 1Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe.お知らせ • May 16Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreementto acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million.Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreement to acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million on May 13, 2026. The total purchase price of approximately $366.7 million will be paid 50% at closing and 50% on the one-year anniversary. Iridium will also assume Aireon's outstanding debt, expected to be approximately $155 million at closing. At Closing, Iridium will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide IIridium with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price. The loan will be secured by a first-priority lien on the equity interests of Aireon and other intermediate holding company entities. The Closing is subject to customary conditions, including the accuracy of representations and warranties, performance of covenants, and receipt of required regulatory approvals including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is targeted to close in early July. The acquisition of Aireon is accretive to Iridium's growth outlook; over the past three years, Aireon's total revenue has grown at a compound annual growth rate (CAGR) of 10%. Iridium expects the acquisition will result in at least an additional consolidated $100 million of service revenue and $30 million of OEBITDA on an annualized basis. Evercore Inc. acted as financial advisor for Iridium Communications Inc. Josh Holleman of Cooley LLP acted as legal advisor for Iridium Communications Inc. Milbank LLP acted as legal advisor for Iridium Communications Inc. PJT Partners LP acted as financial advisor for Aireon LLC. Steven Kaufman, Joseph Gilligan and Gabrielle Witt of Hogan Lovells US LLP acted as legal advisor for Aireon LLC. RBC Capital Markets, LLC acted as financial advisor for NAV CANADA. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for NAV CANADA.お知らせ • Apr 07ENAV S.p.A., Annual General Meeting, May 14, 2026ENAV S.p.A., Annual General Meeting, May 14, 2026, at 11:00 W. Europe Standard Time. Location: via salaria 716 00138, roma ItalyNew Risk • Mar 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 151% Cash payout ratio: 94% Dividend yield: 5.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 27Full year 2025 earnings releasedFull year 2025 results: Revenue: €1.02b (up 1.3% from FY 2024). Net income: €93.1m (down 26% from FY 2024). Profit margin: 9.1% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Infrastructure industry in Europe.Declared Dividend • Mar 26Dividend increased to €0.29Dividend of €0.29 is 7.4% higher than last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 68% to bring the payout ratio under control. EPS is expected to grow by 67% over the next 3 years, which should be enough to bring the dividend into a sustainable range.お知らせ • Mar 25ENAV S.p.A. announces Annual dividend, payable on June 24, 2026ENAV S.p.A. announced Annual dividend of EUR 0.2900 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.分析記事 • Jan 25We Think ENAV (BIT:ENAV) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Jan 22+ 3 more updatesENAV S.p.A. to Report Fiscal Year 2025 Results on Mar 23, 2026ENAV S.p.A. announced that they will report fiscal year 2025 results on Mar 23, 2026分析記事 • Dec 03ENAV (BIT:ENAV) Is Experiencing Growth In Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Nov 14Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €319.3m (up 6.3% from 3Q 2024). Net income: €59.4m (down 11% from 3Q 2024). Profit margin: 19% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Infrastructure industry in Europe.分析記事 • Nov 07Calculating The Fair Value Of ENAV S.p.A. (BIT:ENAV)Key Insights Using the 2 Stage Free Cash Flow to Equity, ENAV fair value estimate is €4.06 With €4.45 share price, ENAV...Major Estimate Revision • Aug 07Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €1.01b to €1.03b. EPS estimate increased from €0.131 to €0.152 per share. Net income forecast to shrink 20% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target up from €4.34 to €4.49. Share price rose 9.6% to €4.22 over the past week.分析記事 • Aug 03The ENAV S.p.A. (BIT:ENAV) Interim Results Are Out And Analysts Have Published New ForecastsIt's been a good week for ENAV S.p.A. ( BIT:ENAV ) shareholders, because the company has just released its latest...Reported Earnings • Aug 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €281.9m (up 9.1% from 2Q 2024). Net income: €36.5m (down 1.0% from 2Q 2024). Profit margin: 13% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year.分析記事 • Jul 09Investors Met With Slowing Returns on Capital At ENAV (BIT:ENAV)If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...分析記事 • Jun 19Unpleasant Surprises Could Be In Store For ENAV S.p.A.'s (BIT:ENAV) SharesWith a price-to-earnings (or "P/E") ratio of 20.1x ENAV S.p.A. ( BIT:ENAV ) may be sending bearish signals at the...Upcoming Dividend • Jun 16Upcoming dividend of €0.27 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 6.6%. Within top quartile of Italian dividend payers (5.5%). In line with average of industry peers (7.0%).分析記事 • Jun 02A Look At The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights ENAV's estimated fair value is €4.53 based on 2 Stage Free Cash Flow to Equity With €4.21 share price...分析記事 • May 17ENAV S.p.A. (BIT:ENAV) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?As you might know, ENAV S.p.A. ( BIT:ENAV ) recently reported its first-quarter numbers. It was an okay report, and...Reported Earnings • May 15Full year 2024 earnings released: EPS: €0.23 (vs €0.21 in FY 2023)Full year 2024 results: EPS: €0.23 (up from €0.21 in FY 2023). Revenue: €1.01b (up 3.9% from FY 2023). Net income: €125.8m (up 11% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Major Estimate Revision • May 15Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.165 to €0.12 per share. Revenue forecast steady at €1.02b. Net income forecast to shrink 50% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target of €4.25 unchanged from last update. Share price was steady at €3.97 over the past week.お知らせ • Apr 03ENAV S.p.A. announces Annual dividend, payable on June 25, 2025ENAV S.p.A. announced Annual dividend of EUR 0.2700 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.New Risk • Apr 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 118% Earnings are forecast to decline by an average of 6.4% per year for the foreseeable future.Reported Earnings • Apr 01Full year 2024 earnings releasedFull year 2024 results: Revenue: €1.04b (up 7.5% from FY 2023). Net income: €125.8m (up 11% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Infrastructure industry in Europe.分析記事 • Mar 07ENAV (BIT:ENAV) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Price Target Changed • Feb 26Price target decreased by 7.0% to €4.48Down from €4.82, the current price target is an average from 6 analysts. New target price is 33% above last closing price of €3.37. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.21 last year.分析記事 • Jan 26Returns At ENAV (BIT:ENAV) Appear To Be Weighed DownIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...新しいナラティブ • Jan 18Upcoming Performance Plan And Global Expansion Will Boost Italy's Airspace Management Positive regulatory changes and strong traffic growth are expected to drive revenue, bolstered by Italy's tourism appeal and airspace improvements. お知らせ • Jan 15+ 3 more updatesENAV S.p.A. to Report Fiscal Year 2024 Results on Mar 31, 2025ENAV S.p.A. announced that they will report fiscal year 2024 results on Mar 31, 2025分析記事 • Nov 17Analyst Estimates: Here's What Brokers Think Of ENAV S.p.A. (BIT:ENAV) After Its Third-Quarter ReportThe quarterly results for ENAV S.p.A. ( BIT:ENAV ) were released last week, making it a good time to revisit its...Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €326.6m (up 11% from 3Q 2023). Net income: €66.5m (down 2.3% from 3Q 2023). Profit margin: 20% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Infrastructure industry in Europe.分析記事 • Nov 05Is It Time To Consider Buying ENAV S.p.A. (BIT:ENAV)?ENAV S.p.A. ( BIT:ENAV ), might not be a large cap stock, but it had a relatively subdued couple of weeks in terms of...分析記事 • Oct 17The Returns At ENAV (BIT:ENAV) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • Oct 04Here's Why ENAV (BIT:ENAV) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Sep 20Estimating The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights Using the 2 Stage Free Cash Flow to Equity, ENAV fair value estimate is €4.12 ENAV's €4.01 share price...分析記事 • Aug 08Analysts Are Updating Their ENAV S.p.A. (BIT:ENAV) Estimates After Its Half-Year ResultsENAV S.p.A. ( BIT:ENAV ) shareholders are probably feeling a little disappointed, since its shares fell 6.4% to €3.70...Reported Earnings • Aug 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €281.5m (up 13% from 2Q 2023). Net income: €36.9m (down 8.5% from 2Q 2023). Profit margin: 13% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Infrastructure 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 fallen by 1% per year, which means it is significantly lagging earnings.分析記事 • Aug 04Is It Time To Consider Buying ENAV S.p.A. (BIT:ENAV)?While ENAV S.p.A. ( BIT:ENAV ) might not have the largest market cap around , it saw significant share price movement...分析記事 • Jun 06ENAV (BIT:ENAV) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Upcoming Dividend • May 20Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. The company is paying out more than 100% of its profits and is paying out 95% of its cash flow. Trailing yield: 5.8%. Within top quartile of Italian dividend payers (5.3%). In line with average of industry peers (6.3%).Reported Earnings • May 16First quarter 2024 earnings releasedFirst quarter 2024 results: €0.025 loss per share. Revenue: €193.6m (up 15% from 1Q 2023). Net loss: €13.7m (loss narrowed 37% from 1Q 2023). Revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Italy are expected to grow by 1.7%.分析記事 • Apr 27Is ENAV S.p.A. (BIT:ENAV) Potentially Undervalued?ENAV S.p.A. ( BIT:ENAV ), might not be a large cap stock, but it received a lot of attention from a substantial price...New Risk • Apr 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 124% Dividend yield: 6.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.分析記事 • Apr 11The Price Is Right For ENAV S.p.A. (BIT:ENAV)With a price-to-earnings (or "P/E") ratio of 18.3x ENAV S.p.A. ( BIT:ENAV ) may be sending bearish signals at the...Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.00b (up 10% from FY 2022). Net income: €112.9m (up 7.5% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to decline by 6.4% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Italy are expected to remain flat.Buy Or Sell Opportunity • Feb 09Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €3.26. The fair value is estimated to be €4.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 31% in the next 2 years.分析記事 • Feb 09A Look At The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights The projected fair value for ENAV is €4.08 based on 2 Stage Free Cash Flow to Equity Current share price...分析記事 • Jan 20These 4 Measures Indicate That ENAV (BIT:ENAV) Is Using Debt ExtensivelyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Jan 17+ 4 more updatesENAV S.p.A. to Report Q1, 2024 Results on May 14, 2024ENAV S.p.A. announced that they will report Q1, 2024 results on May 14, 2024分析記事 • Dec 15Is It Time To Consider Buying ENAV S.p.A. (BIT:ENAV)?ENAV S.p.A. ( BIT:ENAV ), is not the largest company out there, but it saw a double-digit share price rise of over 10...Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €321.6m (up 9.4% from 3Q 2022). Net income: €68.1m (up 6.7% from 3Q 2022). Profit margin: 21% (in line with 3Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Italy.分析記事 • Nov 01The Returns On Capital At ENAV (BIT:ENAV) Don't Inspire ConfidenceIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...Upcoming Dividend • Oct 16Upcoming dividend of €0.20 per share at 6.1% yieldEligible shareholders must have bought the stock before 23 October 2023. Payment date: 25 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Within top quartile of Italian dividend payers (5.8%). Higher than average of industry peers (3.3%).分析記事 • Sep 19ENAV S.p.A. (BIT:ENAV) Shares Could Be 24% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, ENAV fair value estimate is €4.77 Current share price of €3.61...分析記事 • Aug 28ENAV (BIT:ENAV) Is Increasing Its Dividend To €0.1967The board of ENAV S.p.A. ( BIT:ENAV ) has announced that it will be paying its dividend of €0.1967 on the 25th of...Reported Earnings • Aug 06Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €250.2m (up 6.1% from 2Q 2022). Net income: €40.3m (down 6.7% from 2Q 2022). Profit margin: 16% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Italy. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 04Is ENAV (BIT:ENAV) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jun 22Is It Too Late To Consider Buying ENAV S.p.A. (BIT:ENAV)?ENAV S.p.A. ( BIT:ENAV ), might not be a large cap stock, but it received a lot of attention from a substantial price...分析記事 • May 26ENAV's (BIT:ENAV) Shareholders Will Receive A Bigger Dividend Than Last YearENAV S.p.A. ( BIT:ENAV ) will increase its dividend from last year's comparable payment on the 25th of October to...Reported Earnings • May 12First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €176.8m (up 11% from 1Q 2022). Net loss: €21.6m (loss widened 42% from 1Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Italy.分析記事 • Apr 19Return Trends At ENAV (BIT:ENAV) Aren't AppealingIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...分析記事 • Apr 05ENAV (BIT:ENAV) Is Increasing Its Dividend To €0.1967The board of ENAV S.p.A. ( BIT:ENAV ) has announced that it will be paying its dividend of €0.1967 on the 25th of...分析記事 • Mar 18ENAV (BIT:ENAV) Is Paying Out A Larger Dividend Than Last YearENAV S.p.A. ( BIT:ENAV ) has announced that it will be increasing its dividend from last year's comparable payment on...Reported Earnings • Mar 16Full year 2022 earnings releasedFull year 2022 results: Revenue: €944.3m (up 18% from FY 2021). Net income: €105.0m (up 34% from FY 2021). Profit margin: 11% (up from 9.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Italy.分析記事 • Mar 16We Think ENAV (BIT:ENAV) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Feb 11Should You Investigate ENAV S.p.A. (BIT:ENAV) At €4.14?ENAV S.p.A. ( BIT:ENAV ), is not the largest company out there, but it saw significant share price movement during...お知らせ • Jan 29ENAV S.p.A. to Report Fiscal Year 2022 Results on Mar 15, 2023ENAV S.p.A. announced that they will report fiscal year 2022 results on Mar 15, 2023お知らせ • Jan 28+ 2 more updatesENAV S.p.A. to Report Q1, 2023 Results on May 11, 2023ENAV S.p.A. announced that they will report Q1, 2023 results on May 11, 2023分析記事 • Jan 05Estimating The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights ENAV's estimated fair value is €4.4 based on 2 Stage Free Cash Flow to Equity Current share price of €4.1...分析記事 • Dec 16ENAV (BIT:ENAV) Is Doing The Right Things To Multiply Its Share PriceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Reported Earnings • Nov 16Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.12. Revenue: €318.8m (up 56% from 3Q 2021). Net income: €64.2m (up 126% from 3Q 2021). Profit margin: 20% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Infrastructure industry in Italy. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, Strategic Management Officer & Director Paolo Simioni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Oct 17Upcoming dividend of €0.11 per shareEligible shareholders must have bought the stock before 24 October 2022. Payment date: 26 October 2022. Trailing yield: 2.9%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (3.2%).分析記事 • Oct 05An Intrinsic Calculation For ENAV S.p.A. (BIT:ENAV) Suggests It's 21% UndervaluedToday we will run through one way of estimating the intrinsic value of ENAV S.p.A. ( BIT:ENAV ) by estimating the...Buying Opportunity • Sep 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €4.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 9.3% per annum over the same time period.分析記事 • Sep 17ENAV (BIT:ENAV) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: €0.07 (vs €0.003 in 2Q 2021)Second quarter 2022 results: EPS: €0.07 (up from €0.003 in 2Q 2021). Revenue: €256.6m (up 46% from 2Q 2021). Net income: €43.2m (up €41.4m from 2Q 2021). Profit margin: 17% (up from 1.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 6.0% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • Jul 24Investors Could Be Concerned With ENAV's (BIT:ENAV) Returns On CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? More often...分析記事 • Jun 11ENAV (BIT:ENAV) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.17 to €0.14 per share. Revenue forecast steady at €869.5m. Net income forecast to grow 3.4% next year vs 3.4% growth forecast for Infrastructure industry in Italy. Consensus price target of €4.62 unchanged from last update. Share price fell 2.8% to €4.38 over the past week.Reported Earnings • Apr 27Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €798.7m (up 8.4% from FY 2020). Net income: €78.4m (up 44% from FY 2020). Profit margin: 9.8% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 8.9%, compared to a 8.6% growth forecast for the industry in Italy.Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, Strategic Management Officer & Director Paolo Simioni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 23Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €836.6m (up 14% from FY 2020). Net income: €78.4m (up 44% from FY 2020). Profit margin: 9.4% (up from 7.4% in FY 2020). Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 3.9%, compared to a 9.5% growth forecast for the industry in Italy.分析記事 • Feb 24Is There An Opportunity With ENAV S.p.A.'s (BIT:ENAV) 44% Undervaluation?Does the February share price for ENAV S.p.A. ( BIT:ENAV ) reflect what it's really worth? Today, we will estimate the...分析記事 • Feb 08ENAV's (BIT:ENAV) Returns On Capital Tell Us There Is Reason To Feel UneasyWhat underlying fundamental trends can indicate that a company might be in decline? When we see a declining return on...業績と収益の成長予測BIT:ENAV - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281,159142179303412/31/20271,110117211304512/31/20261,06910323835153/31/2026998100240353N/A12/31/202598393228341N/A9/30/2025989103167342N/A6/30/2025997110185307N/A3/31/2025999110162281N/A12/31/20241,000126159278N/A9/30/20241,005116147257N/A6/30/2024998117133248N/A3/31/2024981121112223N/A12/31/2023973113100211N/A9/30/2023930100191249N/A6/30/202393096154250N/A3/31/202391699158256N/A12/31/2022907105139237N/A9/30/202293012947128N/A6/30/202284193-95-9N/A3/31/202278051-177-93N/A12/31/202180078-243-157N/A9/30/202173441-269-133N/A6/30/202173552-329-235N/A3/31/202175472-380-274N/A12/31/202073754-265-173N/A9/30/202076875-223-107N/A6/30/202082510055165N/A3/31/2020861116209325N/A12/31/2019868118N/A342N/A9/30/2019869115N/A333N/A6/30/2019855116N/A339N/A3/31/2019852115N/A326N/A12/31/2018849114N/A308N/A9/30/2018844111N/AN/AN/A6/30/2018847107N/A250N/A3/31/2018848101N/A222N/A12/31/2017849101N/A194N/A9/30/201783696N/AN/AN/A6/30/201782781N/A200N/A3/31/201782481N/A197N/A12/31/201682576N/A225N/A9/30/201683273N/A275N/A6/30/201683073N/A213N/A3/31/201682168N/A261N/A12/31/201581366N/A227N/A9/30/201583080N/AN/AN/A6/30/201580549N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ENAVの予測収益成長率 (年間13.5% ) は 貯蓄率 ( 3.3% ) を上回っています。収益対市場: ENAVの収益 ( 13.5% ) はItalian市場 ( 11% ) よりも速いペースで成長すると予測されています。高成長収益: ENAVの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: ENAVの収益 ( 4.8% ) Italian市場 ( 5.7% ) よりも低い成長が予測されています。高い収益成長: ENAVの収益 ( 4.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ENAVの 自己資本利益率 は、3年後には低くなると予測されています ( 11.6 %)。成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日(UTC時間)企業分析2026/05/21 18:19終値2026/05/21 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ENAV S.p.A. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15 アナリスト機関Tommaso MarabiniBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)12 その他のアナリストを表示
Major Estimate Revision • Aug 07Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €1.01b to €1.03b. EPS estimate increased from €0.131 to €0.152 per share. Net income forecast to shrink 20% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target up from €4.34 to €4.49. Share price rose 9.6% to €4.22 over the past week.
分析記事 • Aug 03The ENAV S.p.A. (BIT:ENAV) Interim Results Are Out And Analysts Have Published New ForecastsIt's been a good week for ENAV S.p.A. ( BIT:ENAV ) shareholders, because the company has just released its latest...
分析記事 • May 17ENAV S.p.A. (BIT:ENAV) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?As you might know, ENAV S.p.A. ( BIT:ENAV ) recently reported its first-quarter numbers. It was an okay report, and...
Major Estimate Revision • May 15Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.165 to €0.12 per share. Revenue forecast steady at €1.02b. Net income forecast to shrink 50% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target of €4.25 unchanged from last update. Share price was steady at €3.97 over the past week.
Price Target Changed • Feb 26Price target decreased by 7.0% to €4.48Down from €4.82, the current price target is an average from 6 analysts. New target price is 33% above last closing price of €3.37. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.21 last year.
分析記事 • Nov 17Analyst Estimates: Here's What Brokers Think Of ENAV S.p.A. (BIT:ENAV) After Its Third-Quarter ReportThe quarterly results for ENAV S.p.A. ( BIT:ENAV ) were released last week, making it a good time to revisit its...
分析記事 • May 20We Think You Can Look Beyond ENAV's (BIT:ENAV) Lackluster EarningsENAV S.p.A.'s ( BIT:ENAV ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
新しいナラティブ • May 18Overflight Strength And Rising Traffic Momentum Will Support A Stronger Long Term OutlookCatalysts About ENAV ENAV provides air traffic control and related services, with a core focus on en route and terminal air navigation in Italy and selected international markets. What are the underlying business or industry changes driving this perspective?
Reported Earnings • May 17First quarter 2026 earnings releasedFirst quarter 2026 results: €0.042 loss per share. Revenue: €196.0m (up 13% from 1Q 2025). Net loss: €22.7m (loss narrowed 23% from 1Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Europe.
お知らせ • May 16Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreementto acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million.Iridium Communications Inc. (NasdaqGS:IRDM) entered into a definitive agreement to acquire 61% stake in Aireon LLC from NAV CANADA, ENAV S.p.A. (BIT:ENAV), Irish Aviation Authority, Naviair Satellite A/S and NATS Limited for approximately $520 million on May 13, 2026. The total purchase price of approximately $366.7 million will be paid 50% at closing and 50% on the one-year anniversary. Iridium will also assume Aireon's outstanding debt, expected to be approximately $155 million at closing. At Closing, Iridium will enter into the Credit and Guaranty Agreement pursuant to which the Sellers will provide IIridium with a $183.36 million term loan, bearing no interest, and maturing one year following the Closing, to fund the deferred portion of the purchase price. The loan will be secured by a first-priority lien on the equity interests of Aireon and other intermediate holding company entities. The Closing is subject to customary conditions, including the accuracy of representations and warranties, performance of covenants, and receipt of required regulatory approvals including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is targeted to close in early July. The acquisition of Aireon is accretive to Iridium's growth outlook; over the past three years, Aireon's total revenue has grown at a compound annual growth rate (CAGR) of 10%. Iridium expects the acquisition will result in at least an additional consolidated $100 million of service revenue and $30 million of OEBITDA on an annualized basis. Evercore Inc. acted as financial advisor for Iridium Communications Inc. Josh Holleman of Cooley LLP acted as legal advisor for Iridium Communications Inc. Milbank LLP acted as legal advisor for Iridium Communications Inc. PJT Partners LP acted as financial advisor for Aireon LLC. Steven Kaufman, Joseph Gilligan and Gabrielle Witt of Hogan Lovells US LLP acted as legal advisor for Aireon LLC. RBC Capital Markets, LLC acted as financial advisor for NAV CANADA. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for NAV CANADA.
お知らせ • Apr 07ENAV S.p.A., Annual General Meeting, May 14, 2026ENAV S.p.A., Annual General Meeting, May 14, 2026, at 11:00 W. Europe Standard Time. Location: via salaria 716 00138, roma Italy
New Risk • Mar 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 151% Cash payout ratio: 94% Dividend yield: 5.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 27Full year 2025 earnings releasedFull year 2025 results: Revenue: €1.02b (up 1.3% from FY 2024). Net income: €93.1m (down 26% from FY 2024). Profit margin: 9.1% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Infrastructure industry in Europe.
Declared Dividend • Mar 26Dividend increased to €0.29Dividend of €0.29 is 7.4% higher than last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 68% to bring the payout ratio under control. EPS is expected to grow by 67% over the next 3 years, which should be enough to bring the dividend into a sustainable range.
お知らせ • Mar 25ENAV S.p.A. announces Annual dividend, payable on June 24, 2026ENAV S.p.A. announced Annual dividend of EUR 0.2900 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
分析記事 • Jan 25We Think ENAV (BIT:ENAV) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Jan 22+ 3 more updatesENAV S.p.A. to Report Fiscal Year 2025 Results on Mar 23, 2026ENAV S.p.A. announced that they will report fiscal year 2025 results on Mar 23, 2026
分析記事 • Dec 03ENAV (BIT:ENAV) Is Experiencing Growth In Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Nov 14Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €319.3m (up 6.3% from 3Q 2024). Net income: €59.4m (down 11% from 3Q 2024). Profit margin: 19% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Infrastructure industry in Europe.
分析記事 • Nov 07Calculating The Fair Value Of ENAV S.p.A. (BIT:ENAV)Key Insights Using the 2 Stage Free Cash Flow to Equity, ENAV fair value estimate is €4.06 With €4.45 share price, ENAV...
Major Estimate Revision • Aug 07Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €1.01b to €1.03b. EPS estimate increased from €0.131 to €0.152 per share. Net income forecast to shrink 20% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target up from €4.34 to €4.49. Share price rose 9.6% to €4.22 over the past week.
分析記事 • Aug 03The ENAV S.p.A. (BIT:ENAV) Interim Results Are Out And Analysts Have Published New ForecastsIt's been a good week for ENAV S.p.A. ( BIT:ENAV ) shareholders, because the company has just released its latest...
Reported Earnings • Aug 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €281.9m (up 9.1% from 2Q 2024). Net income: €36.5m (down 1.0% from 2Q 2024). Profit margin: 13% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year.
分析記事 • Jul 09Investors Met With Slowing Returns on Capital At ENAV (BIT:ENAV)If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
分析記事 • Jun 19Unpleasant Surprises Could Be In Store For ENAV S.p.A.'s (BIT:ENAV) SharesWith a price-to-earnings (or "P/E") ratio of 20.1x ENAV S.p.A. ( BIT:ENAV ) may be sending bearish signals at the...
Upcoming Dividend • Jun 16Upcoming dividend of €0.27 per shareEligible shareholders must have bought the stock before 23 June 2025. Payment date: 25 June 2025. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 6.6%. Within top quartile of Italian dividend payers (5.5%). In line with average of industry peers (7.0%).
分析記事 • Jun 02A Look At The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights ENAV's estimated fair value is €4.53 based on 2 Stage Free Cash Flow to Equity With €4.21 share price...
分析記事 • May 17ENAV S.p.A. (BIT:ENAV) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?As you might know, ENAV S.p.A. ( BIT:ENAV ) recently reported its first-quarter numbers. It was an okay report, and...
Reported Earnings • May 15Full year 2024 earnings released: EPS: €0.23 (vs €0.21 in FY 2023)Full year 2024 results: EPS: €0.23 (up from €0.21 in FY 2023). Revenue: €1.01b (up 3.9% from FY 2023). Net income: €125.8m (up 11% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Major Estimate Revision • May 15Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.165 to €0.12 per share. Revenue forecast steady at €1.02b. Net income forecast to shrink 50% next year vs 4.6% growth forecast for Infrastructure industry in Italy . Consensus price target of €4.25 unchanged from last update. Share price was steady at €3.97 over the past week.
お知らせ • Apr 03ENAV S.p.A. announces Annual dividend, payable on June 25, 2025ENAV S.p.A. announced Annual dividend of EUR 0.2700 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
New Risk • Apr 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 118% Earnings are forecast to decline by an average of 6.4% per year for the foreseeable future.
Reported Earnings • Apr 01Full year 2024 earnings releasedFull year 2024 results: Revenue: €1.04b (up 7.5% from FY 2023). Net income: €125.8m (up 11% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Infrastructure industry in Europe.
分析記事 • Mar 07ENAV (BIT:ENAV) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Price Target Changed • Feb 26Price target decreased by 7.0% to €4.48Down from €4.82, the current price target is an average from 6 analysts. New target price is 33% above last closing price of €3.37. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.21 last year.
分析記事 • Jan 26Returns At ENAV (BIT:ENAV) Appear To Be Weighed DownIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
新しいナラティブ • Jan 18Upcoming Performance Plan And Global Expansion Will Boost Italy's Airspace Management Positive regulatory changes and strong traffic growth are expected to drive revenue, bolstered by Italy's tourism appeal and airspace improvements.
お知らせ • Jan 15+ 3 more updatesENAV S.p.A. to Report Fiscal Year 2024 Results on Mar 31, 2025ENAV S.p.A. announced that they will report fiscal year 2024 results on Mar 31, 2025
分析記事 • Nov 17Analyst Estimates: Here's What Brokers Think Of ENAV S.p.A. (BIT:ENAV) After Its Third-Quarter ReportThe quarterly results for ENAV S.p.A. ( BIT:ENAV ) were released last week, making it a good time to revisit its...
Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €326.6m (up 11% from 3Q 2023). Net income: €66.5m (down 2.3% from 3Q 2023). Profit margin: 20% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Infrastructure industry in Europe.
分析記事 • Nov 05Is It Time To Consider Buying ENAV S.p.A. (BIT:ENAV)?ENAV S.p.A. ( BIT:ENAV ), might not be a large cap stock, but it had a relatively subdued couple of weeks in terms of...
分析記事 • Oct 17The Returns At ENAV (BIT:ENAV) Aren't GrowingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • Oct 04Here's Why ENAV (BIT:ENAV) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Sep 20Estimating The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights Using the 2 Stage Free Cash Flow to Equity, ENAV fair value estimate is €4.12 ENAV's €4.01 share price...
分析記事 • Aug 08Analysts Are Updating Their ENAV S.p.A. (BIT:ENAV) Estimates After Its Half-Year ResultsENAV S.p.A. ( BIT:ENAV ) shareholders are probably feeling a little disappointed, since its shares fell 6.4% to €3.70...
Reported Earnings • Aug 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €281.5m (up 13% from 2Q 2023). Net income: €36.9m (down 8.5% from 2Q 2023). Profit margin: 13% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Infrastructure 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 fallen by 1% per year, which means it is significantly lagging earnings.
分析記事 • Aug 04Is It Time To Consider Buying ENAV S.p.A. (BIT:ENAV)?While ENAV S.p.A. ( BIT:ENAV ) might not have the largest market cap around , it saw significant share price movement...
分析記事 • Jun 06ENAV (BIT:ENAV) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Upcoming Dividend • May 20Upcoming dividend of €0.23 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. The company is paying out more than 100% of its profits and is paying out 95% of its cash flow. Trailing yield: 5.8%. Within top quartile of Italian dividend payers (5.3%). In line with average of industry peers (6.3%).
Reported Earnings • May 16First quarter 2024 earnings releasedFirst quarter 2024 results: €0.025 loss per share. Revenue: €193.6m (up 15% from 1Q 2023). Net loss: €13.7m (loss narrowed 37% from 1Q 2023). Revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Italy are expected to grow by 1.7%.
分析記事 • Apr 27Is ENAV S.p.A. (BIT:ENAV) Potentially Undervalued?ENAV S.p.A. ( BIT:ENAV ), might not be a large cap stock, but it received a lot of attention from a substantial price...
New Risk • Apr 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 124% Dividend yield: 6.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
分析記事 • Apr 11The Price Is Right For ENAV S.p.A. (BIT:ENAV)With a price-to-earnings (or "P/E") ratio of 18.3x ENAV S.p.A. ( BIT:ENAV ) may be sending bearish signals at the...
Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.00b (up 10% from FY 2022). Net income: €112.9m (up 7.5% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to decline by 6.4% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Italy are expected to remain flat.
Buy Or Sell Opportunity • Feb 09Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €3.26. The fair value is estimated to be €4.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 31% in the next 2 years.
分析記事 • Feb 09A Look At The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights The projected fair value for ENAV is €4.08 based on 2 Stage Free Cash Flow to Equity Current share price...
分析記事 • Jan 20These 4 Measures Indicate That ENAV (BIT:ENAV) Is Using Debt ExtensivelyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Jan 17+ 4 more updatesENAV S.p.A. to Report Q1, 2024 Results on May 14, 2024ENAV S.p.A. announced that they will report Q1, 2024 results on May 14, 2024
分析記事 • Dec 15Is It Time To Consider Buying ENAV S.p.A. (BIT:ENAV)?ENAV S.p.A. ( BIT:ENAV ), is not the largest company out there, but it saw a double-digit share price rise of over 10...
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €321.6m (up 9.4% from 3Q 2022). Net income: €68.1m (up 6.7% from 3Q 2022). Profit margin: 21% (in line with 3Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Italy.
分析記事 • Nov 01The Returns On Capital At ENAV (BIT:ENAV) Don't Inspire ConfidenceIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...
Upcoming Dividend • Oct 16Upcoming dividend of €0.20 per share at 6.1% yieldEligible shareholders must have bought the stock before 23 October 2023. Payment date: 25 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Within top quartile of Italian dividend payers (5.8%). Higher than average of industry peers (3.3%).
分析記事 • Sep 19ENAV S.p.A. (BIT:ENAV) Shares Could Be 24% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, ENAV fair value estimate is €4.77 Current share price of €3.61...
分析記事 • Aug 28ENAV (BIT:ENAV) Is Increasing Its Dividend To €0.1967The board of ENAV S.p.A. ( BIT:ENAV ) has announced that it will be paying its dividend of €0.1967 on the 25th of...
Reported Earnings • Aug 06Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €250.2m (up 6.1% from 2Q 2022). Net income: €40.3m (down 6.7% from 2Q 2022). Profit margin: 16% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Italy. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 04Is ENAV (BIT:ENAV) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jun 22Is It Too Late To Consider Buying ENAV S.p.A. (BIT:ENAV)?ENAV S.p.A. ( BIT:ENAV ), might not be a large cap stock, but it received a lot of attention from a substantial price...
分析記事 • May 26ENAV's (BIT:ENAV) Shareholders Will Receive A Bigger Dividend Than Last YearENAV S.p.A. ( BIT:ENAV ) will increase its dividend from last year's comparable payment on the 25th of October to...
Reported Earnings • May 12First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €176.8m (up 11% from 1Q 2022). Net loss: €21.6m (loss widened 42% from 1Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Italy.
分析記事 • Apr 19Return Trends At ENAV (BIT:ENAV) Aren't AppealingIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
分析記事 • Apr 05ENAV (BIT:ENAV) Is Increasing Its Dividend To €0.1967The board of ENAV S.p.A. ( BIT:ENAV ) has announced that it will be paying its dividend of €0.1967 on the 25th of...
分析記事 • Mar 18ENAV (BIT:ENAV) Is Paying Out A Larger Dividend Than Last YearENAV S.p.A. ( BIT:ENAV ) has announced that it will be increasing its dividend from last year's comparable payment on...
Reported Earnings • Mar 16Full year 2022 earnings releasedFull year 2022 results: Revenue: €944.3m (up 18% from FY 2021). Net income: €105.0m (up 34% from FY 2021). Profit margin: 11% (up from 9.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Italy.
分析記事 • Mar 16We Think ENAV (BIT:ENAV) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Feb 11Should You Investigate ENAV S.p.A. (BIT:ENAV) At €4.14?ENAV S.p.A. ( BIT:ENAV ), is not the largest company out there, but it saw significant share price movement during...
お知らせ • Jan 29ENAV S.p.A. to Report Fiscal Year 2022 Results on Mar 15, 2023ENAV S.p.A. announced that they will report fiscal year 2022 results on Mar 15, 2023
お知らせ • Jan 28+ 2 more updatesENAV S.p.A. to Report Q1, 2023 Results on May 11, 2023ENAV S.p.A. announced that they will report Q1, 2023 results on May 11, 2023
分析記事 • Jan 05Estimating The Intrinsic Value Of ENAV S.p.A. (BIT:ENAV)Key Insights ENAV's estimated fair value is €4.4 based on 2 Stage Free Cash Flow to Equity Current share price of €4.1...
分析記事 • Dec 16ENAV (BIT:ENAV) Is Doing The Right Things To Multiply Its Share PriceTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Reported Earnings • Nov 16Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: €0.12. Revenue: €318.8m (up 56% from 3Q 2021). Net income: €64.2m (up 126% from 3Q 2021). Profit margin: 20% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Infrastructure industry in Italy. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, Strategic Management Officer & Director Paolo Simioni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Oct 17Upcoming dividend of €0.11 per shareEligible shareholders must have bought the stock before 24 October 2022. Payment date: 26 October 2022. Trailing yield: 2.9%. Lower than top quartile of Italian dividend payers (5.7%). In line with average of industry peers (3.2%).
分析記事 • Oct 05An Intrinsic Calculation For ENAV S.p.A. (BIT:ENAV) Suggests It's 21% UndervaluedToday we will run through one way of estimating the intrinsic value of ENAV S.p.A. ( BIT:ENAV ) by estimating the...
Buying Opportunity • Sep 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.6%. The fair value is estimated to be €4.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 9.3% per annum over the same time period.
分析記事 • Sep 17ENAV (BIT:ENAV) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: €0.07 (vs €0.003 in 2Q 2021)Second quarter 2022 results: EPS: €0.07 (up from €0.003 in 2Q 2021). Revenue: €256.6m (up 46% from 2Q 2021). Net income: €43.2m (up €41.4m from 2Q 2021). Profit margin: 17% (up from 1.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 6.0% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • Jul 24Investors Could Be Concerned With ENAV's (BIT:ENAV) Returns On CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? More often...
分析記事 • Jun 11ENAV (BIT:ENAV) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.17 to €0.14 per share. Revenue forecast steady at €869.5m. Net income forecast to grow 3.4% next year vs 3.4% growth forecast for Infrastructure industry in Italy. Consensus price target of €4.62 unchanged from last update. Share price fell 2.8% to €4.38 over the past week.
Reported Earnings • Apr 27Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €798.7m (up 8.4% from FY 2020). Net income: €78.4m (up 44% from FY 2020). Profit margin: 9.8% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 8.9%, compared to a 8.6% growth forecast for the industry in Italy.
Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO, Strategic Management Officer & Director Paolo Simioni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 23Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €836.6m (up 14% from FY 2020). Net income: €78.4m (up 44% from FY 2020). Profit margin: 9.4% (up from 7.4% in FY 2020). Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 3.9%, compared to a 9.5% growth forecast for the industry in Italy.
分析記事 • Feb 24Is There An Opportunity With ENAV S.p.A.'s (BIT:ENAV) 44% Undervaluation?Does the February share price for ENAV S.p.A. ( BIT:ENAV ) reflect what it's really worth? Today, we will estimate the...
分析記事 • Feb 08ENAV's (BIT:ENAV) Returns On Capital Tell Us There Is Reason To Feel UneasyWhat underlying fundamental trends can indicate that a company might be in decline? When we see a declining return on...