| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
LDO Stock Overview
Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security systems, aeronautics, space, and other businesses in Italy, the United Kingdom, rest of Europe, the United States, and internationally.
Leonardo Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €9.59 |
| 52 Week High | €10.90 |
| 52 Week Low | €5.76 |
| Beta | 1.55 |
| 1 Month Change | -6.71% |
| 3 Month Change | 4.40% |
| 1 Year Change | 37.55% |
| 3 Year Change | -13.95% |
| 5 Year Change | -34.09% |
| Change since IPO | -31.34% |
Recent News & Updates
These 4 Measures Indicate That Leonardo (BIT:LDO) Is Using Debt Extensively
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Should You Think About Buying Leonardo S.p.a. (BIT:LDO) Now?
Leonardo S.p.a. ( BIT:LDO ), might not be a large cap stock, but it led the BIT gainers with a relatively large price...
Shareholder Returns
| LDO | IT Aerospace & Defense | IT Market | |
|---|---|---|---|
| 7D | -1.2% | -1.1% | 1.1% |
| 1Y | 37.6% | 0.6% | -15.6% |
Return vs Industry: LDO exceeded the Italian Aerospace & Defense industry which returned 0.6% over the past year.
Return vs Market: LDO exceeded the Italian Market which returned -15.6% over the past year.
Price Volatility
| LDO volatility | |
|---|---|
| LDO Average Weekly Movement | 4.3% |
| Aerospace & Defense Industry Average Movement | 4.7% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in IT Market | 7.2% |
| 10% least volatile stocks in IT Market | 3.3% |
Stable Share Price: LDO is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: LDO's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1948 | 50,106 | Alessandro Profumo | https://www.leonardocompany.com/en/home |
Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security systems, aeronautics, space, and other businesses in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, executive and private transport, medical and rescue, security, energy, and utility services, as well as provides support and training services. It also provides trainers, fighters, multi-mission transport, and multi-mission surveillance aircraft; command and controls, radars and sensors, optronics, communication systems, electronic warfare, avionics, air traffic management, and defense systems; and cyber security and resilience, critical communications, digitalization, and monitoring.
Leonardo Fundamentals Summary
| LDO fundamental statistics | |
|---|---|
| Market Cap | €5.52b |
| Earnings (TTM) | €662.00m |
| Revenue (TTM) | €14.35b |
8.3x
P/E Ratio0.4x
P/S RatioIs LDO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LDO income statement (TTM) | |
|---|---|
| Revenue | €14.35b |
| Cost of Revenue | €12.83b |
| Gross Profit | €1.52b |
| Other Expenses | €862.00m |
| Earnings | €662.00m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 28, 2022
| Earnings per share (EPS) | 1.15 |
| Gross Margin | 10.62% |
| Net Profit Margin | 4.61% |
| Debt/Equity Ratio | 71.1% |
How did LDO perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield12%
Payout RatioValuation
Is LDO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for LDO?
Other financial metrics that can be useful for relative valuation.
| What is LDO's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | €5.52b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.7x |
| Enterprise Value/EBITDA | 7.5x |
| PEG Ratio | 0.8x |
Price to Earnings Ratio vs Peers
How does LDO's PE Ratio compare to its peers?
| LDO PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 34x | ||
AVIO Avio | 31.5x | 21.4% | €266.9m |
CNS Civitanavi Systems | 25.8x | 19.2% | €125.7m |
OS Officina Stellare | 58.5x | 69.7% | €76.3m |
PRY Prysmian | 20.1x | 13.7% | €7.2b |
LDO Leonardo | 8.3x | 10.4% | €5.5b |
Price-To-Earnings vs Peers: LDO is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (34x).
Price to Earnings Ratio vs Industry
How does LDO's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?
Price-To-Earnings vs Industry: LDO is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Italian Aerospace & Defense industry average (25.8x)
Price to Earnings Ratio vs Fair Ratio
What is LDO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8.3x |
| Fair PE Ratio | 26x |
Price-To-Earnings vs Fair Ratio: LDO is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (26x).
Share Price vs Fair Value
What is the Fair Price of LDO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: LDO (€9.59) is trading below our estimate of fair value (€26.2)
Significantly Below Fair Value: LDO is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: LDO is good value based on its PEG Ratio (0.8x)
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Future Growth
How is Leonardo forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LDO's forecast earnings growth (10.4% per year) is above the savings rate (1.7%).
Earnings vs Market: LDO's earnings (10.4% per year) are forecast to grow faster than the Italian market (10.3% per year).
High Growth Earnings: LDO's earnings are forecast to grow, but not significantly.
Revenue vs Market: LDO's revenue (4.1% per year) is forecast to grow faster than the Italian market (0.3% per year).
High Growth Revenue: LDO's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LDO's Return on Equity is forecast to be low in 3 years time (10.6%).
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Past Performance
How has Leonardo performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
5.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LDO has a large one-off loss of €219.0M impacting its March 31 2022 financial results.
Growing Profit Margin: LDO's current net profit margins (4.6%) are higher than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: LDO's earnings have grown by 5.5% per year over the past 5 years.
Accelerating Growth: LDO's earnings growth over the past year (123.6%) exceeds its 5-year average (5.5% per year).
Earnings vs Industry: LDO earnings growth over the past year (123.6%) underperformed the Aerospace & Defense industry 123.6%.
Return on Equity
High ROE: LDO's Return on Equity (10.1%) is considered low.
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Financial Health
How is Leonardo's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: LDO's short term assets (€5.4B) do not cover its short term liabilities (€6.1B).
Long Term Liabilities: LDO's short term assets (€5.4B) do not cover its long term liabilities (€6.3B).
Debt to Equity History and Analysis
Debt Level: LDO's net debt to equity ratio (65.3%) is considered high.
Reducing Debt: LDO's debt to equity ratio has reduced from 118.4% to 71.1% over the past 5 years.
Debt Coverage: LDO's debt is well covered by operating cash flow (23.1%).
Interest Coverage: LDO's interest payments on its debt are well covered by EBIT (7.9x coverage).
Balance Sheet
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Dividend
What is Leonardo current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LDO's dividend (1.46%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.71%).
High Dividend: LDO's dividend (1.46%) is low compared to the top 25% of dividend payers in the Italian market (5.19%).
Stability and Growth of Payments
Stable Dividend: LDO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LDO has only been paying a dividend for 5 years, and since then payments have not increased.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (12.2%), LDO's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (17.5%), LDO's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Alessandro Profumo (64 yo)
5.08yrs
Tenure
€1,584,000
Compensation
Mr. Alessandro Profumo has been the Chief Executive Officer and Director of Leonardo S.p.a. since May 5, 2017. Mr. Profumo served as President at Equita SIM Spa, Investment Arm. Mr. Profumo served as the C...
CEO Compensation Analysis
Compensation vs Market: Alessandro's total compensation ($USD1.67M) is below average for companies of similar size in the Italian market ($USD2.50M).
Compensation vs Earnings: Alessandro's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: LDO's management team is considered experienced (4.4 years average tenure).
Board Members
Experienced Board: LDO's board of directors are not considered experienced ( 2.4 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Leonardo S.p.a.'s employee growth, exchange listings and data sources
Key Information
- Name: Leonardo S.p.a.
- Ticker: LDO
- Exchange: BIT
- Founded: 1948
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: €5.517b
- Shares outstanding: 575.31m
- Website: https://www.leonardocompany.com/en/home
Number of Employees
Location
- Leonardo S.p.a.
- Piazza Monte Grappa n. 4
- Rome
- Rome
- 195
- Italy
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/26 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.