Leonardo
Market Cap
€4.0b
Last Updated
2021/04/19 17:38 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, the United States, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value 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 not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: LDO's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
2.3%
LDO
2.3%
IT Aerospace & Defense
1.5%
IT Market
1 Year Return
9.6%
LDO
41.6%
IT Aerospace & Defense
38.9%
IT Market
Return vs Industry: LDO underperformed the Italian Aerospace & Defense industry which returned 41.6% over the past year.
Return vs Market: LDO underperformed the Italian Market which returned 38.9% over the past year.
Shareholder returns
| LDO | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 2.3% | 1.5% |
| 30 Day | -4.8% | 5.9% | 2.5% |
| 90 Day | 23.1% | 7.8% | 11.7% |
| 1 Year | 12.0%9.6% | 43.1%41.6% | 42.5%38.9% |
| 3 Year | -24.0%-27.8% | 35.3%29.8% | 7.5%-3.2% |
| 5 Year | -30.4%-34.5% | 112.0%94.1% | 37.2%7.5% |
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
6 days ago | Simply Wall St
A Look At The Intrinsic Value Of Leonardo S.p.a. (BIT:LDO)3 weeks ago | Simply Wall St
Leonardo's (BIT:LDO) Stock Price Has Reduced 38% In The Past Five Years1 month ago | Simply Wall St
Does Leonardo (BIT:LDO) Have A Healthy Balance Sheet?Valuation
Is Leonardo undervalued compared to its fair value and its price relative to the market?
17.34x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LDO (€7.21) is trading above our estimate of fair value (€6.11)
Significantly Below Fair Value: LDO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LDO is good value based on its PE Ratio (17.3x) compared to the XE Aerospace & Defense industry average (25.4x).
PE vs Market: LDO is good value based on its PE Ratio (17.3x) compared to the Italian market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: LDO is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: LDO is good value based on its PB Ratio (0.8x) compared to the XE Aerospace & Defense industry average (2.4x).
Future Growth
How is Leonardo forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
23.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LDO's forecast earnings growth (23.9% per year) is above the savings rate (1.9%).
Earnings vs Market: LDO's earnings (23.9% per year) are forecast to grow faster than the Italian market (20.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LDO's revenue (3.5% per year) is forecast to grow faster than the Italian market (2.6% per year).
High Growth Revenue: LDO's revenue (3.5% 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 (11.5%).
Past Performance
How has Leonardo performed over the past 5 years?
8.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LDO has a large one-off loss of €683.0M impacting its December 31 2020 financial results.
Growing Profit Margin: LDO's current net profit margins (1.8%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: LDO's earnings have grown by 8% 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 (-66.8%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-34.2%).
Return on Equity
High ROE: LDO's Return on Equity (4.6%) is considered low.
Financial Health
How is Leonardo's financial position?
Financial Position Analysis
Short Term Liabilities: LDO's short term assets (€15.2B) do not cover its short term liabilities (€15.9B).
Long Term Liabilities: LDO's short term assets (€15.2B) exceed its long term liabilities (€5.9B).
Debt to Equity History and Analysis
Debt Level: LDO's debt to equity ratio (98%) is considered high.
Reducing Debt: LDO's debt to equity ratio has reduced from 123.5% to 98% over the past 5 years.
Debt Coverage: LDO's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: LDO's interest payments on its debt are well covered by EBIT (7.1x coverage).
Balance Sheet
Dividend
What is Leonardo current dividend yield, its reliability and sustainability?
2.79%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LDO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LDO'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 LDO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LDO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: LDO is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LDO'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?
3.5yrs
Average management tenure
CEO
Alessandro Profumo (63 yo)
3.92yrs
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
Experienced Management: LDO's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: LDO's board of directors are not considered experienced ( 1.3 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.
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: €4.049b
- Shares outstanding: 575.17m
- 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
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, the United States, and internati...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 17:38 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.