Leonardo
Market Cap
€6.1b
Last Updated
2019/10/17 20:43 UTC
Data Sources
Company Financials +
Executive Summary
Leonardo S.p.a. engages in the helicopters, electronics, defense and security systems, aeronautics, space, and other businesses in Italy, the United Kingdom, rest of Europe, North America, and internationally.
Snowflake
Fundamentals
Undervalued with proven track record.
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
Market Performance
7 Day Return
6.8%
LDO
-0.7%
IT Aerospace & Defense
0.6%
IT Market
1 Year Return
5.3%
LDO
11.4%
IT Aerospace & Defense
11.6%
IT Market
Return vs Industry: LDO underperformed the Italian Aerospace & Defense industry which returned 11.4% over the past year.
Return vs Market: LDO underperformed the Italian Market which returned 11.6% over the past year.
Shareholder returns
| LDO | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.8% | -0.7% | 0.6% |
| 30 Day | -6.5% | -3.8% | 0.8% |
| 90 Day | -6.3% | -2.2% | 1.7% |
| 1 Year | 6.8%5.3% | 13.8%11.4% | 16.4%11.6% |
| 3 Year | -2.5%-6.2% | 73.5%62.5% | 25.2%8.1% |
| 5 Year | 50.9%45.2% | 136.6%107.8% | 21.3%-26.0% |
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
Read This Before You Buy Leonardo S.p.a. (BIT:LDO) Because Of Its P/E Ratio3 weeks ago | Simply Wall St
Did Leonardo S.p.a. (BIT:LDO) Use Debt To Deliver Its ROE Of 12%?1 month ago | Simply Wall St
How Does Leonardo S.p.a. (BIT:LDO) Fare As A Dividend Stock?Valuation
Is Leonardo undervalued compared to its fair value and its price relative to the market?
8.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: LDO (€10.59) is trading below our estimate of fair value (€11.52)
Significantly Undervalued: 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 (10.8x) compared to the Aerospace & Defense industry average (21.7x).
PE vs Market: LDO is good value based on its PE Ratio (10.8x) compared to the Italian market (17.8x).
Price to Earnings Growth Ratio
Low PEG Ratio: LDO is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: LDO is good value based on its PB Ratio (1.3x) compared to the XE Aerospace & Defense industry average (1.9x).
Next Steps
Future Growth
How is Leonardo forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
13.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LDO's forecast earnings growth (13.3% per year) is above the savings rate (2.9%).
Earnings vs Market: LDO's earnings (13.3% per year) are forecast to grow faster than the Italian market (8.5% per year).
High Growth Earnings: LDO's earnings are forecast to grow, but not significantly.
Revenue vs Market: LDO's revenue (5.1% per year) is forecast to grow faster than the Italian market (3% per year).
High Growth Revenue: LDO's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: LDO's Return on Equity is forecast to be low in 3 years time (13.9%).
Next Steps
Past Performance
How has Leonardo performed over the past 5 years?
43.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: LDO has become profitable over the past 5 years, growing earnings by 43.9% per year.
Accelerating Growth: LDO's earnings growth over the past year (232.9%) exceeds its 5-year average (43.9% per year).
Earnings vs Industry: LDO earnings growth over the past year (232.9%) exceeded the Aerospace & Defense industry 16.4%.
Return on Equity
High ROE: LDO's Return on Equity (12%) is considered low.
Return on Assets
ROA vs Industry: LDO's Return on Assets is below or equal to the Aerospace & Defense industry average last year.
Return on Capital Employed
ROCE Improving: LDO has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Leonardo's financial position?
Financial Position Analysis
Short Term Liabilities: LDO's short term assets (€14.2B) do not cover its short term liabilities (€15.1B)
Long Term Liabilities: LDO's short term assets (14.2B) exceeds its long term liabilities (6.5B)
Debt to Equity History and Analysis
Debt Level: LDO's debt to equity ratio (115.2%) is considered high
Reducing Debt: LDO's debt to equity ratio has reduced from 155.9% to 115.2% over the past 5 years.
Debt Coverage: LDO's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: LDO's interest payments on its debt are well covered by EBIT (5.9x coverage).
Balance Sheet
Inventory Level: LDO has a high level of physical assets or inventory.
Debt Coverage by Assets: LDO's debt is covered by short term assets (assets are 2.604040x debt).
Next Steps
Dividend
What is Leonardo's current dividend yield, its reliability and sustainability?
1.32%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: LDO's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.09%).
High Dividend: LDO's dividend (1.32%) is low compared to the top 25% of dividend payers in the Italian market (4.41%).
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 (14.2%), LDO's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LDO's dividends in 3 years are forecast to be well covered by earnings (16.3% payout ratio).
Next Steps
Management
What is the CEO of Leonardo's salary, the management and board of directors tenure and is there insider trading?
5.4yrs
Average board tenure
CEO
Alessandro Profumo (62yo)
2.4yrs
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 ...
Board Age and Tenure
5.4yrs
Average Tenure
63yo
Average Age
Experienced Board: LDO's board of directors are considered experienced (5.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Alessandro Profumo (62yo)
CEO & Director
- Tenure: 2.4yrs
Giovanni Soccodato (58yo)
Chief Strategy & Innovation Officer
- Tenure: 0yrs
Gian Cutillo
MD of the Helicopters Division
- Tenure: 0yrs
Giuseppe Maresca
Senior Vice President of Marketing & Commercial Affairs
- Tenure: 0yrs
Francesco Mantovani
Senior Vice President of HR Development and Education
- Tenure: 0yrs
Raffaella Luglini
Chief Stakeholder Officer
- Tenure: 0yrs
Luigi Calabria
Head of Group Finance
- Tenure: 0yrs
Andrea Parrella
Group General Counsel of Legal
- Tenure: 0yrs
Simonetta Iarlori
Chief of People
- Tenure: 0yrs
Alessandra Genco
Chief Financial Officer
- Tenure: 0yrs
Board Members
Fabrizio Landi (66yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: €103.00k
Paolo Cantarella (75yo)
Lead Independent Director
- Tenure: 5.4yrs
- Compensation: €102.00k
Dario Frigerio (57yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: €106.00k
Alessandro Profumo (62yo)
CEO & Director
- Tenure: 2.4yrs
Silvia Merlo (51yo)
Independent Director
- Tenure: 8.4yrs
- Compensation: €107.00k
Gianni De Gennaro (71yo)
Chairman
- Tenure: 6.3yrs
- Compensation: €243.00k
Guido Alpa (72yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: €108.00k
Marina Calderone (54yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: €95.00k
Marta Dassù (64yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: €102.00k
Luca Rossi (52yo)
Chairman of Statutory Auditors
- Tenure: 0.9yrs
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: €6.088b
- Shares outstanding: 574.85m
- Website: https://www.leonardocompany.com
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, electronics, defense and security systems, aeronautics, space, and other businesses in Italy, the United Kingdom, rest of Europe, North America, and internationa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 20:43 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.