Leonardo
Market Cap
€3.4b
Last Updated
2021/01/22 19:17 UTC
Data Sources
Company Financials +
Executive Summary
Leonardo S.p.a. engages in the helicopters, defense electronics and security systems, aeronautics, space, and other businesses in Italy, the United Kingdom, rest of Europe, North America, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
Similar Companies
Share Price & News
How has Leonardo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LDO is more volatile than 75% of Italian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: LDO's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Italian stocks.
Market Performance
7 Day Return
-3.6%
LDO
-3.1%
IT Aerospace & Defense
-1.8%
IT Market
1 Year Return
-49.4%
LDO
-27.5%
IT Aerospace & Defense
-10.4%
IT Market
Return vs Industry: LDO underperformed the Italian Aerospace & Defense industry which returned -25.4% over the past year.
Return vs Market: LDO underperformed the Italian Market which returned -9.7% over the past year.
Shareholder returns
| LDO | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.6% | -3.1% | -1.8% |
| 30 Day | -3.9% | -0.008% | 1.2% |
| 90 Day | 18.5% | 20.9% | 13.5% |
| 1 Year | -48.3%-49.4% | -27.0%-27.5% | -7.5%-10.4% |
| 3 Year | -46.4%-49.1% | 3.6%-1.4% | -4.9%-14.8% |
| 5 Year | -45.1%-48.3% | 50.9%37.4% | 29.0%0.2% |
Long-Term Price Volatility Vs. Market
How volatile is Leonardo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Are Leonardo's (BIT:LDO) Statutory Earnings A Good Reflection Of Its Earnings Potential?3 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Leonardo S.p.a. (BIT:LDO)1 month ago | Simply Wall St
Leonardo's (BIT:LDO) Shareholders Are Down 55% On Their SharesValuation
Is Leonardo undervalued compared to its fair value and its price relative to the market?
8.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LDO (€5.87) is trading below our estimate of fair value (€6.34)
Significantly Below Fair Value: LDO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LDO is good value based on its PE Ratio (6.4x) compared to the XE Aerospace & Defense industry average (21.7x).
PE vs Market: LDO is good value based on its PE Ratio (6.4x) compared to the Italian market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: LDO is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: LDO is good value based on its PB Ratio (0.7x) compared to the XE Aerospace & Defense industry average (2x).
Next Steps
Future Growth
How is Leonardo forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
26.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LDO's forecast earnings growth (26.6% per year) is above the savings rate (1.9%).
Earnings vs Market: LDO's earnings (26.6% per year) are forecast to grow faster than the Italian market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LDO's revenue (4.1% per year) is forecast to grow faster than the Italian market (3.2% 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 (10.4%).
Next Steps
Past Performance
How has Leonardo performed over the past 5 years?
14.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LDO has a high level of non-cash earnings.
Growing Profit Margin: LDO's current net profit margins (3.6%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: LDO's earnings have grown by 14.3% per year over the past 5 years.
Accelerating Growth: LDO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LDO had negative earnings growth (-21.9%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-19.1%).
Return on Equity
High ROE: LDO's Return on Equity (9.6%) is considered low.
Next Steps
Financial Health
How is Leonardo's financial position?
Financial Position Analysis
Short Term Liabilities: LDO's short term assets (€6.5B) do not cover its short term liabilities (€7.5B).
Long Term Liabilities: LDO's short term assets (€6.5B) exceed its long term liabilities (€6.0B).
Debt to Equity History and Analysis
Debt Level: LDO's debt to equity ratio (116.9%) is considered high.
Reducing Debt: LDO's debt to equity ratio has reduced from 144.7% to 116.9% over the past 5 years.
Debt Coverage: LDO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LDO's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Leonardo current dividend yield, its reliability and sustainability?
2.48%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LDO's dividend (2.39%) is higher than the bottom 25% of dividend payers in the Italian market (1.43%).
High Dividend: LDO's dividend (2.39%) is low compared to the top 25% of dividend payers in the Italian market (4.57%).
Stability and Growth of Payments
Stable Dividend: LDO's dividend payments have been volatile in the past 10 years.
Growing Dividend: LDO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.3%), LDO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LDO's dividends in 3 years are forecast to be well covered by earnings (17.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Alessandro Profumo (63 yo)
3.67yrs
Tenure
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.67yrs | no data | no data | |
| Chief Financial Officer | 3.25yrs | no data | no data | |
| Chief Technology & Innovation Officer | 1.33yrs | no data | no data | |
| Head of Investor Relations & Credit Rating Agencies | no data | no data | no data | |
| Group General Counsel of Legal | no data | no data | no data | |
| Communication Director | 1.17yrs | no data | no data | |
| Senior Vice President of Marketing & Commercial Affairs | no data | no data | no data | |
| Chief of People | 3.25yrs | no data | no data | |
| Chief Strategic Equity Officer | no data | no data | no data | |
| Senior Vice President of HR Development and Education | no data | no data | no data | |
| Head of Group Finance | no data | no data | no data | |
| Managing Director of the Helicopters Division | no data | no data | no data |
3.3yrs
Average Tenure
Experienced Management: LDO's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.67yrs | no data | no data | |
| Independent Director | 7.5yrs | €106.00k | no data | |
| Independent Director | 1yr | no data | no data | |
| Independent Director | 6.67yrs | €103.00k | no data | |
| Independent Director | 1yr | no data | no data | |
| Chairman of Statutory Auditors | 1.67yrs | no data | no data | |
| Chairman | 0.67yr | no data | no data | |
| Independent Director | 1yr | no data | no data | |
| Director | 1yr | no data | no data | |
| Independent Director | 1yr | no data | no data | |
| Independent Director | 1yr | no data | no data | |
| Independent Director | 1yr | no data | no data |
1.0yrs
Average Tenure
52.5yo
Average Age
Experienced Board: LDO's board of directors are not considered experienced ( 1 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 company bio, 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
- Market Cap: €3.373b
- Shares outstanding: 575.01m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FINM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| LDO | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1992 |
| FMNB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0ONG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| LDOM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| LDO | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1992 |
| FINM.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
Leonardo S.p.a. engages in the helicopters, defense electronics and security systems, aeronautics, space, and other businesses in Italy, the United Kingdom, rest of Europe, North America, and international...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 19:17 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.