View ValuationFincantieri 향후 성장Future 기준 점검 4/6Fincantieri (는) 각각 연간 26% 및 6.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 25.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.5% 로 예상됩니다.핵심 정보26.0%이익 성장률25.20%EPS 성장률Machinery 이익 성장24.7%매출 성장률6.8%향후 자기자본이익률15.55%애널리스트 커버리지Good마지막 업데이트15 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 21High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Standing Auditor Elena Cussigh is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Apr 03Fincantieri S.p.A., Annual General Meeting, May 14, 2026Fincantieri S.p.A., Annual General Meeting, May 14, 2026, at 11:00 W. Europe Standard Time.공시 • Feb 19+ 1 more updateFincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million.Fincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,588,445 Price\Range: €15.32 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing공시 • Jan 26+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Fincantieri S.p.A. announced that they will report fiscal year 2025 results on Mar 25, 2026Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €19.56, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 338% over the past three years.Board Change • Dec 30High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Dec 30Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million.Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million on December 29, 2025. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is January 1, 2026 to March 31, 2026.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €20.64, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 433% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.81 per share.Board Change • Aug 18High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Jan 24+ 3 more updatesFincantieri S.p.A. to Report Q1, 2025 Results on May 12, 2025Fincantieri S.p.A. announced that they will report Q1, 2025 results on May 12, 2025공시 • Jan 15Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) for €400 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) in a transaction valued at €420 million on May 9, 2024. The value of the acquisition is equal to €300 million as fixed Enterprise Value, subject to usual price adjustment mechanisms, in addition to a maximum of €115 million as a variable component based on certain growth assumptions linked to the performance of the UAS business line in 2024, for a total maximum Enterprise Value of €415 million. To finance the acquisition, the Company has proposed the power to resolve upon a capital increase, in one or more events, divisible and with payment, for a maximum amount of €400 million. Rothschild S.p.A., acted as a financial advisor, Studio Legale Cappelli RCCD acted as a legal advisor to Leonardo S.p.a. Deutsche Bank AG, Milan acted as a financial advisor, and Deloitte Italy S.p.A provided due diligence services to Fincantieri. UBS supported Leonardo's Control and Risks Committee in evaluating the transaction, providing a fairness opinion on the economic terms of the transaction. BofA Securities is currently acting as sole Financial Advisor to CDP Equity S.p.A. in relation to their underwriting commitment in the context of Ficantieri SpA €400m capital increase targeted at its acquisition of Leonardo SpA's Underwater Armaments Systems. Lazard S.r.l. acted as financial advisor to Fincantieri S.p.A. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) on January 14, 2025. Leonardo received €287 million and variable component, up to a maximum of €115 million, along with standard price adjustments, will be determined following the approval of UAS's final 2024 financial results.New Risk • Jul 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 90% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change).Reported Earnings • Jun 14First quarter 2024 earnings released: €0.011 loss per share (vs €0.004 loss in 1Q 2023)First quarter 2024 results: €0.011 loss per share (further deteriorated from €0.004 loss in 1Q 2023). Revenue: €1.77b (flat on 1Q 2023). Net loss: €17.8m (loss widened 162% from 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to €0.60. The fair value is estimated to be €0.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 7.7% in a year. Earnings are forecast to grow by 77% in the next year.Reported Earnings • Mar 10Full year 2023 earnings releasedFull year 2023 results: Revenue: €7.65b (up 3.4% from FY 2022). Net loss: €53.0m (loss narrowed 83% from FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in Germany.New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.공시 • Mar 07Italy's Fincantieri in Talks to Buy Leonardo's was UnitItalian shipbuilder Fincantieri S.p.A. (BIT:FCT) is in talks with Leonardo (LDOF.MI), to buy the defence group's submarine unit Whitehead Alenia Sistemi Subacquei (Wass), several newspapers reported, sending its shares up more than 5%. The acquisition would have a value of between EUR 200 million and EUR 300 million ($217 million-$326 million), Corriere della Sera and financial daily Il Sole 24 Ore reported. The move by Fincantieri would be part of the group's broader strategy to grow through acquisitions and focus more on the defence sector, which in its last results accounted for less that 25% of its revenues. It would also strengthen its position in the underwater sector, which the group recently identified as a key area for growth. The state-controlled shipbuilder is considering a capital increase of some EUR 400 million to finance the operation, Il Messaggero said, adding that the group is being advised by JPMorgan, Intesa Sanpaolo and Bnp Paribas on the deal. Spokespersons for Fincantieri and Leonardo both declined to comment on the reports. Milano Finanza first reported on Saturday that Fincantieri was considering a large acquisition and that it was examining either a recapitalisation or a convertible bond to do so. Leonardo, also controlled by the Italian state, has been trying to find a buyer for Wass, which designs and builds underwater defence systems such as torpedoes and sonars, for years, but put the decision on hold after the war in Ukraine. At the time the group said Wass, along with its cannon maker OTO Melara, could grow more effectively outside the group. Fincantieri had made a non-binding offer for the two units in the past.공시 • Feb 16Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million.Fincantieri S.p.A. (BIT:FCT) signed a letter of intent to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group on December 1, 2023. As on December 27, 2023, Fincantieri S.p.A. (BIT:FCT) signed an agreement to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group. The acquisition, fully financed through Fincantieri's own resources. Finalization of the acquisition will be subject to some conditions set out by the parties being met. The purchase price for the transaction, which is expected to be finalized by year end, will be calculated on the basis of a €78 million enterprise value, subject to adjustments typical for this type of transaction. For FY 2022, Remazel had revenues in excess of €100 million. The transaction is expected to close by the first quarter of 2024. Carlo Re and Stefano Milanesi of Studio Pedersoli advised Alpha, Fincantieri acted with the internal legal team composed of the General Counsel, Alessandra Battaglia and the Head of Business and Strategic Legal Affairs, Manlio Niccolai and Roberto Cappelli, Guido Masini, Stefania Rossini of Studio Legale Cappelli RCCD advised Fincantieri. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million on February 15, 2024.공시 • Jan 31+ 4 more updatesFincantieri S.p.A., Annual General Meeting, Apr 23, 2024Fincantieri S.p.A., Annual General Meeting, Apr 23, 2024. Agenda: To approve financial statements as at December 31, 2023.Reported Earnings • Aug 01First half 2023 earnings releasedFirst half 2023 results: Revenue: €3.60b (up 2.5% from 1H 2022). Net loss: €22.0m (loss narrowed 90% from 1H 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 09Full year 2022 earnings releasedFull year 2022 results: Revenue: €7.48b (up 9.6% from FY 2021). Net loss: €324.0m (down €345.8m from profit in FY 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany.공시 • Jan 31+ 3 more updatesFincantieri S.p.A. to Report Q3, 2023 Results on Nov 14, 2023Fincantieri S.p.A. announced that they will report Q3, 2023 results on Nov 14, 2023Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: €3.47b (up 6.8% from 1H 2021). Net loss: €234.0m (down €239.7m from profit in 1H 2021). Over the next year, revenue is forecast to grow 8.0%, compared to a 10% growth forecast for the industry in Germany.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Elisabetta Oliveri was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Apr 09Fincantieri S.p.A., Annual General Meeting, May 16, 2022Fincantieri S.p.A., Annual General Meeting, May 16, 2022. Agenda: To consider approval of the financial statements of FINCANTIERI S.p.A. at December 31, 2021.공시 • Feb 01+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2021 Results on Mar 08, 2022Fincantieri S.p.A. announced that they will report fiscal year 2021 results on Mar 08, 2022공시 • Aug 23Fincantieri Reportedly in Talks to Buy OTO Melara UnitFincantieri S.p.A. (BIT:FCT) was in early talks to buy Oto Melara North America Inc., famous for its naval gun production, and could launch an offer before the end of the year. The newspaper said any deal would be vetted by the Italian Treasury which is top shareholder in Leonardo and, through state lender CDP, Fincantieri.Reported Earnings • Aug 02First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.25b (up 37% from 1H 2020). Net income: €6.00m (up €140.5m from 1H 2020). Profit margin: 0.2% (up from net loss in 1H 2020).Reported Earnings • Mar 19Full year 2020 earnings released: €0.14 loss per share (vs €0.069 loss in FY 2019)The company reported a poor full year result with increased losses and weaker control over costs, although revenues were flat. Full year 2020 results: Revenue: €5.81b (flat on FY 2019). Net loss: €240.1m (loss widened 105% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 27Full year 2020 earnings releasedThe company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €5.88b (up 1.4% from FY 2019). Net loss: €240.0m (loss widened 105% from FY 2019).Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 1.2%, compared to a 5.1% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Feb 14New 90-day high: €0.68The company is up 20% from its price of €0.57 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.98 per share.공시 • Jan 31+ 4 more updatesFincantieri S.p.A. to Report Q1, 2021 Results on May 13, 2021Fincantieri S.p.A. announced that they will report Q1, 2021 results on May 13, 2021Is New 90 Day High Low • Nov 20New 90-day high: €0.61The company is up 5.0% from its price of €0.58 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.23 per share.Is New 90 Day High Low • Oct 24New 90-day low: €0.51The company is down 15% from its price of €0.60 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.Is New 90 Day High Low • Sep 23New 90-day low: €0.55The company is down 10.0% from its price of €0.60 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.공시 • Jul 31Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire 60% stake in INSIS S.p.A. from Esseti Sistemi E Tecnologie Holding Srl and Avio Engineering Solutions & Services S.r.l. on April 23, 2019. In 2018, INSIS S.p.A. recorded revenues of €51.7 million. The closing of the deal will be subject to customary conditions for these kind of operations, to the non-exercise of the Italian government’s golden power, as well as to the authorization from the competent authorities. Selling shareholders and managers of INSIS S.p.A. will remain invested in the Company with a minority stake.As on June 12, 2019, the deal was approved by italian antitrust authority. As of November 7, 2019, Board of Directors approved the deal to acquire 60% stake in INSIS. Alvise Becker, Riccardo Lonardi, Natali Prodan Milic, Alessio Buonaiuto, Arianna Lucariello, Federica De Luca and Giulia Guidetti of PWC TLS Associazione Professionale di Avvocati e Commercialisti acted as legal advisors for Fincantieri. Dario Ardizzone of Ardizzone-Corielli assisted the sellers. Cassiopea Partners acted as financial advisor to Cassiopea Partners and its shareholders. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million on July 4, 2019. Fincantieri S.p.A. has a call option to acquire remaining 40% stake in INSIS S.p.A.이익 및 매출 성장 예측DB:1F80 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202810,99426897470712/31/202710,06820959432812/31/20269,317147-71340712/31/20258,920123204597N/A9/30/20259,103113N/AN/AN/A6/30/20258,83996380714N/A3/31/20258,46870261581N/A12/31/20247,95133183445N/A9/30/20247,648-53N/AN/AN/A6/30/20247,458-57394666N/A3/31/20247,453-64690941N/A12/31/20237,448-53381637N/A9/30/20237,303-39N/AN/AN/A6/30/20237,493-99441725N/A3/31/20237,348-201-23743N/A12/31/20227,349-309-352-58N/A9/30/20227,219-261-171129N/A6/30/20227,088-21410315N/A3/31/20226,957-96257589N/A12/31/20216,82522505862N/A9/30/20216,759-39-164188N/A6/30/20216,693-100-834-487N/A3/31/20216,253-170-843-515N/A12/31/20205,812-240-852-543N/A9/30/20205,585-260-826-522N/A6/30/20205,358-280-799-500N/A3/31/20205,577-199-519-230N/A12/31/20195,796-117-24039N/A9/30/20195,738-19N/A-17N/A6/30/20195,68080N/A-74N/A3/31/20195,53676N/A-8N/A12/31/20185,39172N/A59N/A9/30/20185,28069N/A541N/A6/30/20185,16966N/A1,024N/A3/31/20185,05161N/A786N/A12/31/20174,93457N/A547N/A9/30/20174,74044N/A770N/A6/30/20174,38231N/A20N/A3/31/20174,45532N/A371N/A12/31/20164,36325N/A575N/A9/30/20164,333-63N/A-182N/A6/30/20164,180-180N/A-48N/A3/31/20164,073-148N/A-517N/A12/31/20154,135-175N/A-568N/A9/30/20154,439-71N/A-591N/A6/30/20154,57256N/A-492N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1F80 의 연간 예상 수익 증가율(26%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 1F80 의 연간 수익(26%)이 German 시장(17%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 1F80 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 1F80 의 수익(연간 6.8%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 1F80 의 수익(연간 6.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1F80의 자본 수익률은 3년 후 15.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 11:47종가2026/05/21 00:00수익2025/12/31연간 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 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Fincantieri S.p.A.는 18명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrea BelloliBanca Akros S.p.A. (ESN)Andrea BelloliBanca Akros S.p.A. (ESN)Michele BaldelliBNP Paribas15명의 분석가 더 보기
Board Change • May 21High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Standing Auditor Elena Cussigh is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Apr 03Fincantieri S.p.A., Annual General Meeting, May 14, 2026Fincantieri S.p.A., Annual General Meeting, May 14, 2026, at 11:00 W. Europe Standard Time.
공시 • Feb 19+ 1 more updateFincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million.Fincantieri S.p.A. has completed a Follow-on Equity Offering in the amount of €499.254977 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,588,445 Price\Range: €15.32 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing
공시 • Jan 26+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2025 Results on Mar 25, 2026Fincantieri S.p.A. announced that they will report fiscal year 2025 results on Mar 25, 2026
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €19.56, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 338% over the past three years.
Board Change • Dec 30High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Dec 30Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million.Fincantieri S.p.A. (BIT:FCT) and Prysmian S.p.A. (BIT:PRY) signed an agreement to acquire Xtera Topco Limited for an enterprise value of $65 million on December 29, 2025. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is January 1, 2026 to March 31, 2026.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €20.64, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 433% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.81 per share.
Board Change • Aug 18High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Biagio Mazzotta is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Jan 24+ 3 more updatesFincantieri S.p.A. to Report Q1, 2025 Results on May 12, 2025Fincantieri S.p.A. announced that they will report Q1, 2025 results on May 12, 2025
공시 • Jan 15Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) for €400 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) in a transaction valued at €420 million on May 9, 2024. The value of the acquisition is equal to €300 million as fixed Enterprise Value, subject to usual price adjustment mechanisms, in addition to a maximum of €115 million as a variable component based on certain growth assumptions linked to the performance of the UAS business line in 2024, for a total maximum Enterprise Value of €415 million. To finance the acquisition, the Company has proposed the power to resolve upon a capital increase, in one or more events, divisible and with payment, for a maximum amount of €400 million. Rothschild S.p.A., acted as a financial advisor, Studio Legale Cappelli RCCD acted as a legal advisor to Leonardo S.p.a. Deutsche Bank AG, Milan acted as a financial advisor, and Deloitte Italy S.p.A provided due diligence services to Fincantieri. UBS supported Leonardo's Control and Risks Committee in evaluating the transaction, providing a fairness opinion on the economic terms of the transaction. BofA Securities is currently acting as sole Financial Advisor to CDP Equity S.p.A. in relation to their underwriting commitment in the context of Ficantieri SpA €400m capital increase targeted at its acquisition of Leonardo SpA's Underwater Armaments Systems. Lazard S.r.l. acted as financial advisor to Fincantieri S.p.A. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Underwater Armaments Systems business line from Leonardo S.p.a. (BIT:LDO) on January 14, 2025. Leonardo received €287 million and variable component, up to a maximum of €115 million, along with standard price adjustments, will be determined following the approval of UAS's final 2024 financial results.
New Risk • Jul 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 90% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change).
Reported Earnings • Jun 14First quarter 2024 earnings released: €0.011 loss per share (vs €0.004 loss in 1Q 2023)First quarter 2024 results: €0.011 loss per share (further deteriorated from €0.004 loss in 1Q 2023). Revenue: €1.77b (flat on 1Q 2023). Net loss: €17.8m (loss widened 162% from 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • May 31Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 26% to €0.60. The fair value is estimated to be €0.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 4.2%. Revenue is forecast to grow by 7.7% in a year. Earnings are forecast to grow by 77% in the next year.
Reported Earnings • Mar 10Full year 2023 earnings releasedFull year 2023 results: Revenue: €7.65b (up 3.4% from FY 2022). Net loss: €53.0m (loss narrowed 83% from FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in Germany.
New Risk • Mar 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.
공시 • Mar 07Italy's Fincantieri in Talks to Buy Leonardo's was UnitItalian shipbuilder Fincantieri S.p.A. (BIT:FCT) is in talks with Leonardo (LDOF.MI), to buy the defence group's submarine unit Whitehead Alenia Sistemi Subacquei (Wass), several newspapers reported, sending its shares up more than 5%. The acquisition would have a value of between EUR 200 million and EUR 300 million ($217 million-$326 million), Corriere della Sera and financial daily Il Sole 24 Ore reported. The move by Fincantieri would be part of the group's broader strategy to grow through acquisitions and focus more on the defence sector, which in its last results accounted for less that 25% of its revenues. It would also strengthen its position in the underwater sector, which the group recently identified as a key area for growth. The state-controlled shipbuilder is considering a capital increase of some EUR 400 million to finance the operation, Il Messaggero said, adding that the group is being advised by JPMorgan, Intesa Sanpaolo and Bnp Paribas on the deal. Spokespersons for Fincantieri and Leonardo both declined to comment on the reports. Milano Finanza first reported on Saturday that Fincantieri was considering a large acquisition and that it was examining either a recapitalisation or a convertible bond to do so. Leonardo, also controlled by the Italian state, has been trying to find a buyer for Wass, which designs and builds underwater defence systems such as torpedoes and sonars, for years, but put the decision on hold after the war in Ukraine. At the time the group said Wass, along with its cannon maker OTO Melara, could grow more effectively outside the group. Fincantieri had made a non-binding offer for the two units in the past.
공시 • Feb 16Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million.Fincantieri S.p.A. (BIT:FCT) signed a letter of intent to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group on December 1, 2023. As on December 27, 2023, Fincantieri S.p.A. (BIT:FCT) signed an agreement to acquire Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group. The acquisition, fully financed through Fincantieri's own resources. Finalization of the acquisition will be subject to some conditions set out by the parties being met. The purchase price for the transaction, which is expected to be finalized by year end, will be calculated on the basis of a €78 million enterprise value, subject to adjustments typical for this type of transaction. For FY 2022, Remazel had revenues in excess of €100 million. The transaction is expected to close by the first quarter of 2024. Carlo Re and Stefano Milanesi of Studio Pedersoli advised Alpha, Fincantieri acted with the internal legal team composed of the General Counsel, Alessandra Battaglia and the Head of Business and Strategic Legal Affairs, Manlio Niccolai and Roberto Cappelli, Guido Masini, Stefania Rossini of Studio Legale Cappelli RCCD advised Fincantieri. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of Remazel Engineering SpA from Alpha Private Equity Fund 6, a fund managed by Alpha Group for €65 million on February 15, 2024.
공시 • Jan 31+ 4 more updatesFincantieri S.p.A., Annual General Meeting, Apr 23, 2024Fincantieri S.p.A., Annual General Meeting, Apr 23, 2024. Agenda: To approve financial statements as at December 31, 2023.
Reported Earnings • Aug 01First half 2023 earnings releasedFirst half 2023 results: Revenue: €3.60b (up 2.5% from 1H 2022). Net loss: €22.0m (loss narrowed 90% from 1H 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 09Full year 2022 earnings releasedFull year 2022 results: Revenue: €7.48b (up 9.6% from FY 2021). Net loss: €324.0m (down €345.8m from profit in FY 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany.
공시 • Jan 31+ 3 more updatesFincantieri S.p.A. to Report Q3, 2023 Results on Nov 14, 2023Fincantieri S.p.A. announced that they will report Q3, 2023 results on Nov 14, 2023
Reported Earnings • Jul 28First half 2022 earnings releasedFirst half 2022 results: Revenue: €3.47b (up 6.8% from 1H 2021). Net loss: €234.0m (down €239.7m from profit in 1H 2021). Over the next year, revenue is forecast to grow 8.0%, compared to a 10% growth forecast for the industry in Germany.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Elisabetta Oliveri was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Apr 09Fincantieri S.p.A., Annual General Meeting, May 16, 2022Fincantieri S.p.A., Annual General Meeting, May 16, 2022. Agenda: To consider approval of the financial statements of FINCANTIERI S.p.A. at December 31, 2021.
공시 • Feb 01+ 3 more updatesFincantieri S.p.A. to Report Fiscal Year 2021 Results on Mar 08, 2022Fincantieri S.p.A. announced that they will report fiscal year 2021 results on Mar 08, 2022
공시 • Aug 23Fincantieri Reportedly in Talks to Buy OTO Melara UnitFincantieri S.p.A. (BIT:FCT) was in early talks to buy Oto Melara North America Inc., famous for its naval gun production, and could launch an offer before the end of the year. The newspaper said any deal would be vetted by the Italian Treasury which is top shareholder in Leonardo and, through state lender CDP, Fincantieri.
Reported Earnings • Aug 02First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.25b (up 37% from 1H 2020). Net income: €6.00m (up €140.5m from 1H 2020). Profit margin: 0.2% (up from net loss in 1H 2020).
Reported Earnings • Mar 19Full year 2020 earnings released: €0.14 loss per share (vs €0.069 loss in FY 2019)The company reported a poor full year result with increased losses and weaker control over costs, although revenues were flat. Full year 2020 results: Revenue: €5.81b (flat on FY 2019). Net loss: €240.1m (loss widened 105% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 27Full year 2020 earnings releasedThe company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €5.88b (up 1.4% from FY 2019). Net loss: €240.0m (loss widened 105% from FY 2019).
Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 10%. Over the next year, revenue is forecast to grow 1.2%, compared to a 5.1% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Feb 14New 90-day high: €0.68The company is up 20% from its price of €0.57 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.98 per share.
공시 • Jan 31+ 4 more updatesFincantieri S.p.A. to Report Q1, 2021 Results on May 13, 2021Fincantieri S.p.A. announced that they will report Q1, 2021 results on May 13, 2021
Is New 90 Day High Low • Nov 20New 90-day high: €0.61The company is up 5.0% from its price of €0.58 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.23 per share.
Is New 90 Day High Low • Oct 24New 90-day low: €0.51The company is down 15% from its price of €0.60 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.
Is New 90 Day High Low • Sep 23New 90-day low: €0.55The company is down 10.0% from its price of €0.60 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.61 per share.
공시 • Jul 31Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million.Fincantieri S.p.A. (BIT:FCT) agreed to acquire 60% stake in INSIS S.p.A. from Esseti Sistemi E Tecnologie Holding Srl and Avio Engineering Solutions & Services S.r.l. on April 23, 2019. In 2018, INSIS S.p.A. recorded revenues of €51.7 million. The closing of the deal will be subject to customary conditions for these kind of operations, to the non-exercise of the Italian government’s golden power, as well as to the authorization from the competent authorities. Selling shareholders and managers of INSIS S.p.A. will remain invested in the Company with a minority stake.As on June 12, 2019, the deal was approved by italian antitrust authority. As of November 7, 2019, Board of Directors approved the deal to acquire 60% stake in INSIS. Alvise Becker, Riccardo Lonardi, Natali Prodan Milic, Alessio Buonaiuto, Arianna Lucariello, Federica De Luca and Giulia Guidetti of PWC TLS Associazione Professionale di Avvocati e Commercialisti acted as legal advisors for Fincantieri. Dario Ardizzone of Ardizzone-Corielli assisted the sellers. Cassiopea Partners acted as financial advisor to Cassiopea Partners and its shareholders. Fincantieri S.p.A. (BIT:FCT) completed the acquisition of 60% stake in INSIS S.p.A. from Esset i- Sistemi E Tecnologie Holding Srl, Avio Engineering Solutions & Services S.r.l. and others for €23.4 million on July 4, 2019. Fincantieri S.p.A. has a call option to acquire remaining 40% stake in INSIS S.p.A.