Leonardo Future Growth

Future criteria checks 1/6

Leonardo is forecast to grow earnings and revenue by 13.8% and 4.9% per annum respectively. EPS is expected to grow by 14.1% per annum. Return on equity is forecast to be 10.1% in 3 years.

Key information

13.8%

Earnings growth rate

14.1%

EPS growth rate

Aerospace & Defense earnings growth	25.3%
Revenue growth rate	4.9%
Future return on equity	10.1%
Analyst coverage	Good
Last updated	11 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:FMNB - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,787	1,069	965	1,809	13
12/31/2025	17,849	933	849	1,686	14
12/31/2024	16,922	869	700	1,457	15
9/30/2024	17,098	704	542	1,324	N/A
6/30/2024	16,382	988	470	1,300	N/A
3/31/2024	15,921	703	488	1,270	N/A
12/31/2023	15,291	658	404	1,186	N/A
9/30/2023	15,065	807	661	1,423	N/A
6/30/2023	15,031	857	755	1,545	N/A
3/31/2023	14,741	889	810	1,572	N/A
12/31/2022	14,713	927	390	1,152	N/A
9/30/2022	14,488	745	545	1,160	N/A
6/30/2022	14,366	676	472	1,085	N/A
3/31/2022	14,351	662	461	1,076	N/A
12/31/2021	14,135	586	127	742	N/A
9/30/2021	13,949	333	1,386	1,697	N/A
6/30/2021	13,877	357	499	1,007	N/A
3/31/2021	13,609	296	175	486	N/A
12/31/2020	13,410	239	-36	275	N/A
9/30/2020	13,675	488	-1,529	-935	N/A
6/30/2020	13,700	527	-714	-301	N/A
3/31/2020	13,650	585	-399	195	N/A
12/31/2019	13,784	721	45	639	N/A
9/30/2019	13,134	624	-223	354	N/A
6/30/2019	12,613	566	-91	504	N/A
3/31/2019	12,514	447	48	625	N/A
12/31/2018	12,240	420	110	687	N/A
9/30/2018	11,926	176	552	1,035	N/A
6/30/2018	11,827	170	N/A	499	N/A
3/31/2018	11,824	278	N/A	154	N/A
12/31/2017	11,734	277	N/A	722	N/A
9/30/2017	12,016	427	N/A	-2	N/A
6/30/2017	12,085	508	N/A	1,082	N/A
3/31/2017	11,827	498	N/A	1,312	N/A
12/31/2016	12,002	505	N/A	825	N/A
9/30/2016	12,028	449	N/A	1,113	N/A
6/30/2016	12,435	373	N/A	473	N/A
3/31/2016	12,877	291	N/A	427	N/A
12/31/2015	12,995	229	N/A	336	N/A
9/30/2015	13,161	123	N/A	749	N/A
6/30/2015	13,028	64	N/A	363	N/A
3/31/2015	12,870	-68	N/A	390	N/A
12/31/2014	12,764	-86	N/A	464	N/A
9/30/2014	12,678	-517	N/A	395	N/A
6/30/2014	12,881	-601	N/A	505	N/A
3/31/2014	13,251	-624	N/A	660	N/A
12/31/2013	13,802	-604	N/A	463	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FMNB's forecast earnings growth (13.8% per year) is above the savings rate (1%).

Earnings vs Market: FMNB's earnings (13.8% per year) are forecast to grow slower than the German market (21% per year).

High Growth Earnings: FMNB's earnings are forecast to grow, but not significantly.

Revenue vs Market: FMNB's revenue (4.9% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: FMNB's revenue (4.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FMNB's Return on Equity is forecast to be low in 3 years time (10.1%).

Leonardo Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Third quarter 2024 earnings released: EPS: €0.27 (vs €0.14 in 3Q 2023)

Now 20% undervalued after recent price drop

Leonardo S.p.a. (BIT:LDO) acquired an additional 35% stake in GEM elettronica srl for €16 million.

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: €0.77 (vs €0.28 in 2Q 2023)

Upcoming dividend of €0.28 per share

First quarter 2024 earnings released

Now 20% undervalued

Leonardo S.p.a., Annual General Meeting, May 17, 2024

New minor risk - Earnings quality

Italy's Fincantieri in Talks to Buy Leonardo's was Unit

New minor risk - Financial position

Leonardo S.p.a. to Report Fiscal Year 2023 Results on Mar 11, 2024

Now 20% undervalued

Second quarter 2023 earnings released

Upcoming dividend of €0.14 per share at 1.3% yield

First quarter 2023 earnings released

Now 20% undervalued

Insufficient new directors

Leonardo S.p.a., Annual General Meeting, May 10, 2023

Leonardo S.p.a. to Report First Half, 2023 Results on Jul 28, 2023

High number of new directors

Second quarter 2022 earnings released: EPS: €0.33 (vs €0.31 in 2Q 2021)

Upcoming dividend of €0.14 per share

Rheinmetall Reportedly Bids for Leonardo's OTO Melara Cannon Maker

First quarter 2022 earnings released

High number of new directors

Leonardo S.p.a., Annual General Meeting, May 23, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Leonardo S.p.a., Annual General Meeting, May 31, 2022

Investor sentiment improved over the past week

Leonardo S.p.a. (BIT:LDO) completed the acquisition of 25.1% stake in Hensoldt AG (XTRA:5UH) from Square Lux Holding II S.à r.l.

Leonardo Sees KNDS Proposal as Interesting, No Decision on Units Sale

KNDS Reportedly to Make Binding Bid for Leonardo Units

Second quarter 2021 earnings released: EPS €0.31 (vs €0.20 in 2Q 2020)

Leonardo S.p.a. (BIT:LDO) signed an agreement to acquire 70% stakes in Alea Srl.

First quarter 2021 earnings released: €0.003 loss per share

Leonardo S.p.a. (BIT:LDO) entered into a definitive agreement to acquire 25.1% stake in Hensoldt AG (XTRA:5UH) from Square Lux Holding II S.à r.l. for approximately €610 million.

Full year 2020 earnings released: EPS €0.42 (vs €1.25 in FY 2019)

Revenue misses expectations

Leonardo S.p.a. to Report Fiscal Year 2020 Results on Mar 09, 2021

New 90-day high: €6.79

New 90-day high: €6.22

Market bids up stock over the past week

Revenue beats expectations

Market bids up stock over the past week

New 90-day low: €4.69

Thales Alenia Space Proposals for the Copernicus Project Selected by European Space Agency

New 90-day low - €5.45

Leonardo S.p.a. (BIT:LDO) completed the acquisition of Kopter Group AG from Lynwood (Schweiz) AG.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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