Does Aeroporto Guglielmo Marconi di Bologna S.p.A.'s (BIT:ADB) Past Performance Indicate A Stronger Future?

Measuring Aeroporto Guglielmo Marconi di Bologna S.p.A.'s (BIT:ADB) track record of past performance is an insightful exercise for investors. It enables us to reflect on whether the company has met or exceed expectations, which is a powerful signal for future performance. Below, I will assess ADB's recent performance announced on 30 September 2019 and compare these figures to its historical trend and industry movements.

See our latest analysis for Aeroporto Guglielmo Marconi di Bologna

Did ADB's recent earnings growth beat the long-term trend and the industry?

ADB's trailing twelve-month earnings (from 30 September 2019) of €21m has jumped 27% compared to the previous year.

Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 26%, indicating the rate at which ADB is growing has accelerated. What's the driver of this growth? Well, let’s take a look at if it is solely attributable to industry tailwinds, or if Aeroporto Guglielmo Marconi di Bologna has seen some company-specific growth.

In terms of returns from investment, Aeroporto Guglielmo Marconi di Bologna has fallen short of achieving a 20% return on equity (ROE), recording 13% instead. However, its return on assets (ROA) of 8.8% exceeds the IT Infrastructure industry of 5.4%, indicating Aeroporto Guglielmo Marconi di Bologna has used its assets more efficiently. And finally, its return on capital (ROC), which also accounts for Aeroporto Guglielmo Marconi di Bologna’s debt level, has increased over the past 3 years from 8.5% to 15%. This correlates with a decrease in debt holding, with debt-to-equity ratio declining from 29% to 12% over the past 5 years.

What does this mean?

Aeroporto Guglielmo Marconi di Bologna's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story. Companies that have performed well in the past, such as Aeroporto Guglielmo Marconi di Bologna gives investors conviction. However, the next step would be to assess whether the future looks as optimistic. You should continue to research Aeroporto Guglielmo Marconi di Bologna to get a more holistic view of the stock by looking at:

1. Future Outlook: What are well-informed industry analysts predicting for ADB’s future growth? Take a look at our free research report of analyst consensus for ADB’s outlook.
2. Financial Health: Are ADB’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

NB: Figures in this article are calculated using data from the trailing twelve months from 30 September 2019. This may not be consistent with full year annual report figures.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.