View ValuationAvio 향후 성장Future 기준 점검 4/6Avio (는) 각각 연간 35.2% 및 16.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 27.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 2.1% 로 예상됩니다.핵심 정보35.2%이익 성장률27.77%EPS 성장률Aerospace & Defense 이익 성장27.1%매출 성장률16.3%향후 자기자본이익률2.10%애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Chairman of the Board Roberto Italia is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • May 02Avio S.p.A. announces Annual dividend, payable on May 20, 2026Avio S.p.A. announced Annual dividend of EUR 0.1485 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.공시 • Mar 20Avio S.p.A., Annual General Meeting, Apr 28, 2026Avio S.p.A., Annual General Meeting, Apr 28, 2026, at 14:30 W. Europe Standard Time.공시 • Jan 30+ 3 more updatesAvio S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026Avio S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026New Risk • Jan 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).공시 • Mar 25Avio S.p.A., Annual General Meeting, Apr 30, 2025Avio S.p.A., Annual General Meeting, Apr 30, 2025, at 11:00 W. Europe Standard Time. Location: via leonida bissolati 76, roma Italy공시 • Mar 19Avio S.p.A. announces Annual dividend, payable on May 07, 2025Avio S.p.A. announced Annual dividend of EUR 0.1484 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025.공시 • Jan 28+ 3 more updatesAvio S.p.A. to Report Nine Months, 2025 Results on Nov 13, 2025Avio S.p.A. announced that they will report nine months, 2025 results on Nov 13, 2025New Risk • Sep 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Upcoming Dividend • Apr 22Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.1%).Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.26 (vs €0.017 loss in FY 2022)Full year 2023 results: EPS: €0.26 (up from €0.017 loss in FY 2022). Revenue: €343.7m (down 7.5% from FY 2022). Net income: €6.49m (up €6.92m from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공시 • Jan 27+ 4 more updatesAvio S.p.A. to Report Q1, 2024 Results on May 08, 2024Avio S.p.A. announced that they will report Q1, 2024 results on May 08, 2024Reported Earnings • Sep 11First half 2023 earnings released: €0.15 loss per share (vs €0.37 loss in 1H 2022)First half 2023 results: €0.15 loss per share (improved from €0.37 loss in 1H 2022). Revenue: €157.7m (up 18% from 1H 2022). Net loss: €3.68m (loss narrowed 61% from 1H 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 16Full year 2022 earnings released: €0.02 loss per share (vs €0.33 profit in FY 2021)Full year 2022 results: €0.02 loss per share (down from €0.33 profit in FY 2021). Revenue: €371.4m (up 16% from FY 2021). Net loss: €434.8k (down 105% from profit in FY 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.공시 • Jan 24+ 2 more updatesAvio S.p.A. to Report Fiscal Year 2022 Results on Mar 13, 2023Avio S.p.A. announced that they will report fiscal year 2022 results on Mar 13, 2023Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 11First half 2022 earnings released: €0.37 loss per share (vs €0.095 loss in 1H 2021)First half 2022 results: €0.37 loss per share (further deteriorated from €0.095 loss in 1H 2021). Revenue: €133.5m (flat on 1H 2021). Net loss: €9.45m (loss widened 286% from 1H 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Upcoming Dividend • May 02Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 97%. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.2%).Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.33 (down from €0.55 in FY 2020). Revenue: €320.1m (down 9.0% from FY 2020). Net income: €8.48m (down 40% from FY 2020). Profit margin: 2.6% (down from 4.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.7%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 12First half 2021 earnings released: €0.095 loss per share (vs €0.32 profit in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €132.9m (down 24% from 1H 2020). Net loss: €2.45m (down 130% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 04Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to €14.44, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 11% over the past three years.Reported Earnings • Mar 21Full year 2020 earnings released: EPS €0.54 (vs €0.99 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €351.6m (down 10% from FY 2019). Net income: €14.1m (down 46% from FY 2019). Profit margin: 4.0% (down from 6.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year.공시 • Jan 28Avio S.p.A., Annual General Meeting, Apr 29, 2021Avio S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To consider approval of the 2020 financial statements and presentation of the 2020 consolidated financial statements.공시 • Dec 13AVIO and Thales Alenia Space Signs Contract with ESA for the Development of the Space Rider SystemAVIO and Thales Alenia Space as co-contractor, signed a contract with the European Space Agency for the development of the automated reusable Space Rider transportation system, designed for deployment by the new Vega C light launcher into low Earth orbit (LEO). The total worth of the contract is €167 million. Space Rider is Europe’s solution for its own affordable and reusable end-to-end integrated space transportation system for unmanned missions and for routine access and return from low orbit. It will be used to transport a variety of payloads into different low Earth orbit (LEO) altitudes and inclinations. Designed as a free-flying orbital platform, Space Rider is capable of remaining two months in orbit, safely re-entering the atmosphere and landing on the ground with a precision of 150 metres. It can be recovered along with its payload, refurbished, and reused for up to six missions. AVIO is in charge of the propulsions system and the expandable service module. Space Rider will be launched into space aboard the Vega C launcher, developed by AVIO for the European Space Agency.Is New 90 Day High Low • Nov 18New 90-day low: €10.98The company is down 21% from its price of €13.98 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.Is New 90 Day High Low • Oct 30New 90-day low: €11.64The company is down 14% from its price of €13.54 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.41 per share.Is New 90 Day High Low • Oct 14New 90-day low: €12.98The company is down 11% from its price of €14.56 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.36 per share.Is New 90 Day High Low • Sep 22New 90-day low: €13.22The company is down 13% from its price of €15.18 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.32 per share.이익 및 매출 성장 예측DB:2ZP - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202878616-108-7412/31/202767211-105109512/31/202659211-139-12512/31/202558410124168N/A9/30/202554984485N/A6/30/202553065492N/A3/31/202550563976N/A12/31/202448062560N/A9/30/20244013-78-54N/A6/30/202439710-70-39N/A3/31/20243708-322N/A12/31/20233446642N/A9/30/202337063873N/A6/30/2023396569103N/A3/31/202338325185N/A12/31/202237103366N/A9/30/202234612657N/A6/30/202232111948N/A3/31/202232051345N/A12/31/20213208841N/A9/30/202131561551N/A6/30/202130932361N/A3/31/202133091854N/A12/31/2020352141347N/A9/30/2020364211448N/A6/30/2020375281648N/A3/31/2020383272657N/A12/31/2019391263666N/A9/30/201941026N/A55N/A6/30/201942925N/A45N/A3/31/201943425N/A43N/A12/31/201844024N/A42N/A6/30/201847723N/A19N/A3/31/201842621N/A12N/A12/31/201737619N/A6N/A6/30/20171011N/A-13N/A3/31/2017511N/A-5N/A12/31/2016N/A0N/A1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2ZP 의 연간 예상 수익 증가율(35.2%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 2ZP 의 연간 수익(35.2%)이 German 시장(17.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 2ZP 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 2ZP 의 수익(연간 16.3%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 2ZP 의 수익(연간 16.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2ZP의 자본 수익률은 3년 후 2.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 09:40종가2026/05/22 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 소스Avio S.p.A.는 9명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Andrea BonfaBanca Akros S.p.A. (ESN)Benjamin HeelanBofA Global ResearchDomenico GhilottiEquita SIM S.p.A.6명의 분석가 더 보기
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Chairman of the Board Roberto Italia is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • May 02Avio S.p.A. announces Annual dividend, payable on May 20, 2026Avio S.p.A. announced Annual dividend of EUR 0.1485 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
공시 • Mar 20Avio S.p.A., Annual General Meeting, Apr 28, 2026Avio S.p.A., Annual General Meeting, Apr 28, 2026, at 14:30 W. Europe Standard Time.
공시 • Jan 30+ 3 more updatesAvio S.p.A. to Report Fiscal Year 2025 Results on Mar 12, 2026Avio S.p.A. announced that they will report fiscal year 2025 results on Mar 12, 2026
New Risk • Jan 09New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
공시 • Mar 25Avio S.p.A., Annual General Meeting, Apr 30, 2025Avio S.p.A., Annual General Meeting, Apr 30, 2025, at 11:00 W. Europe Standard Time. Location: via leonida bissolati 76, roma Italy
공시 • Mar 19Avio S.p.A. announces Annual dividend, payable on May 07, 2025Avio S.p.A. announced Annual dividend of EUR 0.1484 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025.
공시 • Jan 28+ 3 more updatesAvio S.p.A. to Report Nine Months, 2025 Results on Nov 13, 2025Avio S.p.A. announced that they will report nine months, 2025 results on Nov 13, 2025
New Risk • Sep 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Apr 22Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 29 April 2024. Payment date: 02 May 2024. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.1%).
Reported Earnings • Mar 14Full year 2023 earnings released: EPS: €0.26 (vs €0.017 loss in FY 2022)Full year 2023 results: EPS: €0.26 (up from €0.017 loss in FY 2022). Revenue: €343.7m (down 7.5% from FY 2022). Net income: €6.49m (up €6.92m from FY 2022). Profit margin: 1.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공시 • Jan 27+ 4 more updatesAvio S.p.A. to Report Q1, 2024 Results on May 08, 2024Avio S.p.A. announced that they will report Q1, 2024 results on May 08, 2024
Reported Earnings • Sep 11First half 2023 earnings released: €0.15 loss per share (vs €0.37 loss in 1H 2022)First half 2023 results: €0.15 loss per share (improved from €0.37 loss in 1H 2022). Revenue: €157.7m (up 18% from 1H 2022). Net loss: €3.68m (loss narrowed 61% from 1H 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 16Full year 2022 earnings released: €0.02 loss per share (vs €0.33 profit in FY 2021)Full year 2022 results: €0.02 loss per share (down from €0.33 profit in FY 2021). Revenue: €371.4m (up 16% from FY 2021). Net loss: €434.8k (down 105% from profit in FY 2021). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
공시 • Jan 24+ 2 more updatesAvio S.p.A. to Report Fiscal Year 2022 Results on Mar 13, 2023Avio S.p.A. announced that they will report fiscal year 2022 results on Mar 13, 2023
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 11First half 2022 earnings released: €0.37 loss per share (vs €0.095 loss in 1H 2021)First half 2022 results: €0.37 loss per share (further deteriorated from €0.095 loss in 1H 2021). Revenue: €133.5m (flat on 1H 2021). Net loss: €9.45m (loss widened 286% from 1H 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 02Upcoming dividend of €0.18 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 97%. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.2%).
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.33 (down from €0.55 in FY 2020). Revenue: €320.1m (down 9.0% from FY 2020). Net income: €8.48m (down 40% from FY 2020). Profit margin: 2.6% (down from 4.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.7%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Marcella Logli was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 12First half 2021 earnings released: €0.095 loss per share (vs €0.32 profit in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €132.9m (down 24% from 1H 2020). Net loss: €2.45m (down 130% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 04Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to €14.44, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 11% over the past three years.
Reported Earnings • Mar 21Full year 2020 earnings released: EPS €0.54 (vs €0.99 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €351.6m (down 10% from FY 2019). Net income: €14.1m (down 46% from FY 2019). Profit margin: 4.0% (down from 6.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year.
공시 • Jan 28Avio S.p.A., Annual General Meeting, Apr 29, 2021Avio S.p.A., Annual General Meeting, Apr 29, 2021. Agenda: To consider approval of the 2020 financial statements and presentation of the 2020 consolidated financial statements.
공시 • Dec 13AVIO and Thales Alenia Space Signs Contract with ESA for the Development of the Space Rider SystemAVIO and Thales Alenia Space as co-contractor, signed a contract with the European Space Agency for the development of the automated reusable Space Rider transportation system, designed for deployment by the new Vega C light launcher into low Earth orbit (LEO). The total worth of the contract is €167 million. Space Rider is Europe’s solution for its own affordable and reusable end-to-end integrated space transportation system for unmanned missions and for routine access and return from low orbit. It will be used to transport a variety of payloads into different low Earth orbit (LEO) altitudes and inclinations. Designed as a free-flying orbital platform, Space Rider is capable of remaining two months in orbit, safely re-entering the atmosphere and landing on the ground with a precision of 150 metres. It can be recovered along with its payload, refurbished, and reused for up to six missions. AVIO is in charge of the propulsions system and the expandable service module. Space Rider will be launched into space aboard the Vega C launcher, developed by AVIO for the European Space Agency.
Is New 90 Day High Low • Nov 18New 90-day low: €10.98The company is down 21% from its price of €13.98 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share.
Is New 90 Day High Low • Oct 30New 90-day low: €11.64The company is down 14% from its price of €13.54 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.41 per share.
Is New 90 Day High Low • Oct 14New 90-day low: €12.98The company is down 11% from its price of €14.56 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.36 per share.
Is New 90 Day High Low • Sep 22New 90-day low: €13.22The company is down 13% from its price of €15.18 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.32 per share.