BIT:AVIO

Stock Analysis Report

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Executive Summary

Avio S.p.A., through its subsidiaries, engages in the construction and development of space launchers, and solid and liquid propulsion systems for space travel in Italy and internationally. More Details


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Avio's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AVIO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.0%

AVIO

0.1%

IT Aerospace & Defense

-1.0%

IT Market


1 Year Return

16.4%

AVIO

-29.6%

IT Aerospace & Defense

-12.8%

IT Market

Return vs Industry: AVIO exceeded the Italian Aerospace & Defense industry which returned -29.6% over the past year.

Return vs Market: AVIO exceeded the Italian Market which returned -12.8% over the past year.


Shareholder returns

AVIOIndustryMarket
7 Day-7.0%0.1%-1.0%
30 Day-0.7%-1.2%-0.8%
90 Day-10.8%-1.6%-0.4%
1 Year16.4%16.4%-29.0%-29.6%-10.5%-12.8%
3 Year10.5%4.2%-11.0%-16.0%-9.8%-18.0%
5 Year1,106.1%43.3%26.5%14.1%-0.5%-31.7%

Price Volatility Vs. Market

How volatile is Avio's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Avio undervalued compared to its fair value and its price relative to the market?

13.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AVIO (€14.04) is trading above our estimate of fair value (€13.07)

Significantly Below Fair Value: AVIO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AVIO is good value based on its PE Ratio (13.4x) compared to the XE Aerospace & Defense industry average (20.7x).

PE vs Market: AVIO is good value based on its PE Ratio (13.4x) compared to the Italian market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: AVIO is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: AVIO is good value based on its PB Ratio (1.2x) compared to the XE Aerospace & Defense industry average (1.7x).


Next Steps

Future Growth

How is Avio forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVIO's forecast earnings growth (13.2% per year) is above the savings rate (2%).

Earnings vs Market: AVIO's earnings (13.2% per year) are forecast to grow slower than the Italian market (25.1% per year).

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

Revenue vs Market: AVIO's revenue (7% per year) is forecast to grow faster than the Italian market (3.6% per year).

High Growth Revenue: AVIO's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AVIO's Return on Equity is forecast to be low in 3 years time (9.2%).


Next Steps

Past Performance

How has Avio performed over the past 5 years?

42.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVIO has high quality earnings.

Growing Profit Margin: AVIO's current net profit margins (7.4%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: AVIO's earnings have grown significantly by 42.9% per year over the past 5 years.

Accelerating Growth: AVIO's earnings growth over the past year (10.1%) is below its 5-year average (42.9% per year).

Earnings vs Industry: AVIO earnings growth over the past year (10.1%) exceeded the Aerospace & Defense industry -6.7%.


Return on Equity

High ROE: AVIO's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Avio's financial position?


Financial Position Analysis

Short Term Liabilities: AVIO's short term assets (€570.6M) exceed its short term liabilities (€514.4M).

Long Term Liabilities: AVIO's short term assets (€570.6M) exceed its long term liabilities (€209.1M).


Debt to Equity History and Analysis

Debt Level: AVIO's debt to equity ratio (20.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if AVIO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AVIO's debt is well covered by operating cash flow (75%).

Interest Coverage: AVIO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Avio current dividend yield, its reliability and sustainability?

3.43%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AVIO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AVIO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AVIO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AVIO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AVIO is not paying a notable dividend for the Italian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AVIO's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average board tenure


CEO

Giulio Ranzo

no data

Tenure

Dr. Giulio Ranzo, Ph.D. has been the Chief Executive Officer at Avio S.p.A. since October 2, 2015. Dr. Ranzo served as a General Manager at Avio S.p.A. since October 2, 2015. Dr. Ranzo served as a Director ...


Board Members

NamePositionTenureCompensationOwnership
Giulio Ranzo
CEO, GM & Directorno datano datano data
Roberto Italia
Chairman of the Boardno datano datano data
Vito Di Battista
Chairman of the Board of Statutory Auditorsno datano datano data
Luigi Pasquali
Directorno datano datano data
Elena Pisonero Ruiz
Independent Director0.33yrno datano data
Stefano Pareglio
Independent Director0.33yrno datano data
Donatella Sciuto
Independent Directorno datano datano data
Donatella Isaia
Independent Director0.33yrno datano data
Monica Auteri
Independent Directorno datano datano data
Giovanni Tempini
Independent Directorno datano datano data
Raffaele Cappiello
Independent Director0.33yrno datano data
Letizia Colucci
Director0.33yrno datano data

0.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: AVIO's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Avio S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avio S.p.A.
  • Ticker: AVIO
  • Exchange: BIT
  • Founded: 1984
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €370.085m
  • Shares outstanding: 26.36m
  • Website: https://www.avio.com

Number of Employees


Location

  • Avio S.p.A.
  • via Leonida Bissolati No. 76
  • Rome
  • Rome
  • 187
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVIOBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2015
0R9SLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2015
2ZPDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2015
AVIOMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2015

Biography

Avio S.p.A., through its subsidiaries, engages in the construction and development of space launchers, and solid and liquid propulsion systems for space travel in Italy and internationally. The company off ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 03:42
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.