View ValuationLeonardo 향후 성장Future 기준 점검 2/6Leonardo (는) 각각 연간 14.2% 및 9.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 14% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15% 로 예상됩니다.핵심 정보14.2%이익 성장률13.97%EPS 성장률Aerospace & Defense 이익 성장26.1%매출 성장률9.6%향후 자기자본이익률14.95%애널리스트 커버리지Good마지막 업데이트06 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesUpcoming Dividend • Jun 15Upcoming dividend of €0.63 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.9%).Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €52.15. The fair value is estimated to be €65.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.공시 • May 08Wyser-Pratte Demands Independent Investigation into Leonardo SpA AGM VoteOn May 7, 2026, Wyser-Pratte Management Co., Inc. demanded an independent investigation into Leonardo SpA Annual General Meeting vote, stating the shareholder meeting was conducted under restrictive and antidemocratic terms with no opportunity to speak, ask questions, or engage, capped at approximately 60 minutes and conducted through a company-designated proxyholder. In addition, Wyser-Pratte stated that while a Webex link for remote access failed at the exact moment the meeting was called to order, and the government slate prevailed by the narrowest of margins at 50.097% versus 49.481%, raising questions and demanding scrutiny, despite ISS and Glass Lewis recommending a vote against the government slate and in favor of the dissident slate submitted by Assogestioni, as a government controlling just 30.2% of share capital secured a majority, sending the wrong signal to global investors, as rules are bent, meetings are closed, shareholders are silenced, and votes are certified under conditions that invite no scrutiny, even as Leonardo reports strong performance including €23.8 billion orders, €19.5 billion revenues, and 91.75% total shareholder return.Reported Earnings • May 06First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.28. Revenue: €4.45b (up 6.9% from 1Q 2025). Net income: €162.0m (down 57% from 1Q 2025). Profit margin: 3.6% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in Germany.공시 • 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.공시 • Mar 30Leonardo S.p.a., Annual General Meeting, May 07, 2026Leonardo S.p.a., Annual General Meeting, May 07, 2026, at 10:30 W. Europe Standard Time. Location: piazza monte grappa 4, roma ItalyBoard Change • Mar 19High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Marcello Sala was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • 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.공시 • Mar 18Leonardo S.p.a. announces Annual dividend, payable on June 24, 2026Leonardo S.p.a. announced Annual dividend of EUR 0.6300 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €2.12 (vs €1.86 in FY 2024)Full year 2025 results: EPS: €2.12 (up from €1.86 in FY 2024). Revenue: €19.5b (up 9.8% from FY 2024). Net income: €1.22b (up 14% from FY 2024). Profit margin: 6.3% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.Buy Or Sell Opportunity • Mar 07Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to €58.58. The fair value is estimated to be €47.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Buy Or Sell Opportunity • Feb 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.5% to €55.00. The fair value is estimated to be €45.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €54.42, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 36x in the Aerospace & Defense industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €37.31 per share.공시 • Dec 23+ 3 more updatesLeonardo S.p.a. to Report Fiscal Year 2025 Final Results on Mar 12, 2026Leonardo S.p.a. announced that they will report fiscal year 2025 final results Pre-Market on Mar 12, 2026Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €4.53b (up 11% from 3Q 2024). Net income: €193.0m (up 10% from 3Q 2024). Profit margin: 4.3% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.공시 • Oct 23Airbus, Thales and Leonardo Reportedly Near Deal on Merger of European Space BusinessesAirbus SE (ENXTPA:AIR), Thales S.A. (ENXTPA:HO) and Leonardo S.p.a. (BIT:LDO) are nearing an agreement on the merger of their space businesses, the Financial Times reported on October 21, 2025. Under the deal, Airbus will own 35%, with the other two holding 32.5% each, the report added, citing people familiar with the matter. Airbus is expected to receive a payment from its new partners as compensation for limiting its stake to 35% despite its unit accounting for roughly half of the total turnover, the FT reported. Reuters could not immediately verify the report. Airbus, Thales and Leonardo did not immediately respond to Reuters' requests for comment. Reuters reported in September that the three European airspace groups had redoubled efforts to combine their satellite businesses into a EUR 10 billion ($11.66 billion) French-headquartered joint venture, dubbed "Project Bromo". The board of Italy's Leonardo held a crucial meeting on October 21, 2025 to review a tentative deal to forge a new European satellite manufacturer with its existing partner Thales and rival Airbus, Reuters reported earlier in the day. A potential deal could mark the latest attempt to tie together fragmented European assets and draw inspiration from a decision by France, Italy and Britain to set up the MBDA missiles venture in 2001.Buy Or Sell Opportunity • Sep 11Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €50.04. The fair value is estimated to be €41.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Board Change • Sep 10High number of new and inexperienced directorsThere are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Chairman of Statutory Auditors Luca Rossi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.이익 및 매출 성장 예측XTRA:FMNB - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202826,8111,8621,5743,0251112/31/202724,6561,5851,3352,6771112/31/202622,2201,3491,1803,466123/31/202619,7921,2909141,930N/A12/31/202519,5031,2247261,742N/A9/30/202519,1311,0577471,642N/A6/30/202518,6971,0396291,554N/A3/31/202518,2587217111,606N/A12/31/202417,7631,0726461,541N/A9/30/202417,0981,0595421,324N/A6/30/202416,3829664701,300N/A3/31/202415,9211,0694881,270N/A12/31/202315,2916584041,186N/A9/30/202315,0655436611,423N/A6/30/202315,0318577551,545N/A3/31/202314,7418898101,572N/A12/31/202214,7139273901,152N/A9/30/202214,4881,0205451,160N/A6/30/202214,3666764721,085N/A3/31/202214,3516624611,076N/A12/31/202114,135586127742N/A9/30/202113,9493331,3861,697N/A6/30/202113,8773584991,007N/A3/31/202113,609298175486N/A12/31/202013,410241-36275N/A9/30/202013,675490-1,529-935N/A6/30/202013,700528-714-301N/A3/31/202013,650585-399195N/A12/31/201913,784721N/A639N/A9/30/201913,134624N/A354N/A6/30/201912,613566N/A504N/A3/31/201912,514447N/A625N/A12/31/201812,240420N/A687N/A9/30/201811,926176N/A1,035N/A6/30/201811,827170N/A499N/A3/31/201811,824278N/A154N/A12/31/201711,734277N/A722N/A9/30/201712,016427N/A-2N/A6/30/201712,085508N/A1,082N/A3/31/201711,827498N/A1,312N/A12/31/201612,002505N/A825N/A9/30/201612,028449N/A1,113N/A6/30/201612,435373N/A473N/A3/31/201612,877291N/A427N/A12/31/201512,995229N/A336N/A9/30/201513,161123N/A749N/A6/30/201513,02864N/A363N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: FMNB 의 연간 예상 수익 증가율(14.2%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: FMNB 의 연간 수익(14.2%)이 German 시장(17%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: FMNB 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: FMNB 의 수익(연간 9.6%)이 German 시장(연간 6.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: FMNB 의 수익(연간 9.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: FMNB의 자본 수익률은 3년 후 15%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/18 01:16종가2026/06/18 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Leonardo S.p.a.는 34명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrea BelloliBanca Akros S.p.A. (ESN)Joseph CampbellBarclaysAfonso OsorioBarclays31명의 분석가 더 보기
Upcoming Dividend • Jun 15Upcoming dividend of €0.63 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.9%).
Buy Or Sell Opportunity • Jun 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €52.15. The fair value is estimated to be €65.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
공시 • May 08Wyser-Pratte Demands Independent Investigation into Leonardo SpA AGM VoteOn May 7, 2026, Wyser-Pratte Management Co., Inc. demanded an independent investigation into Leonardo SpA Annual General Meeting vote, stating the shareholder meeting was conducted under restrictive and antidemocratic terms with no opportunity to speak, ask questions, or engage, capped at approximately 60 minutes and conducted through a company-designated proxyholder. In addition, Wyser-Pratte stated that while a Webex link for remote access failed at the exact moment the meeting was called to order, and the government slate prevailed by the narrowest of margins at 50.097% versus 49.481%, raising questions and demanding scrutiny, despite ISS and Glass Lewis recommending a vote against the government slate and in favor of the dissident slate submitted by Assogestioni, as a government controlling just 30.2% of share capital secured a majority, sending the wrong signal to global investors, as rules are bent, meetings are closed, shareholders are silenced, and votes are certified under conditions that invite no scrutiny, even as Leonardo reports strong performance including €23.8 billion orders, €19.5 billion revenues, and 91.75% total shareholder return.
Reported Earnings • May 06First quarter 2026 earnings releasedFirst quarter 2026 results: EPS: €0.28. Revenue: €4.45b (up 6.9% from 1Q 2025). Net income: €162.0m (down 57% from 1Q 2025). Profit margin: 3.6% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in Germany.
공시 • 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.
공시 • Mar 30Leonardo S.p.a., Annual General Meeting, May 07, 2026Leonardo S.p.a., Annual General Meeting, May 07, 2026, at 10:30 W. Europe Standard Time. Location: piazza monte grappa 4, roma Italy
Board Change • Mar 19High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Marcello Sala was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • 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.
공시 • Mar 18Leonardo S.p.a. announces Annual dividend, payable on June 24, 2026Leonardo S.p.a. announced Annual dividend of EUR 0.6300 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
Reported Earnings • Mar 15Full year 2025 earnings released: EPS: €2.12 (vs €1.86 in FY 2024)Full year 2025 results: EPS: €2.12 (up from €1.86 in FY 2024). Revenue: €19.5b (up 9.8% from FY 2024). Net income: €1.22b (up 14% from FY 2024). Profit margin: 6.3% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.
Buy Or Sell Opportunity • Mar 07Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to €58.58. The fair value is estimated to be €47.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Buy Or Sell Opportunity • Feb 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 7.5% to €55.00. The fair value is estimated to be €45.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €54.42, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 36x in the Aerospace & Defense industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €37.31 per share.
공시 • Dec 23+ 3 more updatesLeonardo S.p.a. to Report Fiscal Year 2025 Final Results on Mar 12, 2026Leonardo S.p.a. announced that they will report fiscal year 2025 final results Pre-Market on Mar 12, 2026
Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: €4.53b (up 11% from 3Q 2024). Net income: €193.0m (up 10% from 3Q 2024). Profit margin: 4.3% (in line with 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense industry in Germany.
공시 • Oct 23Airbus, Thales and Leonardo Reportedly Near Deal on Merger of European Space BusinessesAirbus SE (ENXTPA:AIR), Thales S.A. (ENXTPA:HO) and Leonardo S.p.a. (BIT:LDO) are nearing an agreement on the merger of their space businesses, the Financial Times reported on October 21, 2025. Under the deal, Airbus will own 35%, with the other two holding 32.5% each, the report added, citing people familiar with the matter. Airbus is expected to receive a payment from its new partners as compensation for limiting its stake to 35% despite its unit accounting for roughly half of the total turnover, the FT reported. Reuters could not immediately verify the report. Airbus, Thales and Leonardo did not immediately respond to Reuters' requests for comment. Reuters reported in September that the three European airspace groups had redoubled efforts to combine their satellite businesses into a EUR 10 billion ($11.66 billion) French-headquartered joint venture, dubbed "Project Bromo". The board of Italy's Leonardo held a crucial meeting on October 21, 2025 to review a tentative deal to forge a new European satellite manufacturer with its existing partner Thales and rival Airbus, Reuters reported earlier in the day. A potential deal could mark the latest attempt to tie together fragmented European assets and draw inspiration from a decision by France, Italy and Britain to set up the MBDA missiles venture in 2001.
Buy Or Sell Opportunity • Sep 11Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €50.04. The fair value is estimated to be €41.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Board Change • Sep 10High number of new and inexperienced directorsThere are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Chairman of Statutory Auditors Luca Rossi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.