Aeroporto Guglielmo Marconi di Bologna S.p.A.
Solid track record with excellent balance sheet.
Share Price & News
How has Aeroporto Guglielmo Marconi di Bologna's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ADB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ADB underperformed the Italian Infrastructure industry which returned 4.5% over the past year.
Return vs Market: ADB underperformed the Italian Market which returned 8.2% over the past year.
Price Volatility Vs. Market
How volatile is Aeroporto Guglielmo Marconi di Bologna's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StInvestors Who Bought Aeroporto Guglielmo Marconi di Bologna (BIT:ADB) Shares Three Years Ago Are Now Down 28%
2 weeks ago | Simply Wall StRead This Before Buying Aeroporto Guglielmo Marconi di Bologna S.p.A. (BIT:ADB) For Its Dividend
1 month ago | Simply Wall StTaking A Look At Aeroporto Guglielmo Marconi di Bologna S.p.A.'s (BIT:ADB) ROE
Is Aeroporto Guglielmo Marconi di Bologna undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ADB (€10.5) is trading above our estimate of fair value (€4.08)
Significantly Below Fair Value: ADB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ADB is poor value based on its PE Ratio (17.7x) compared to the Infrastructure industry average (14x).
PE vs Market: ADB is poor value based on its PE Ratio (17.7x) compared to the Italian market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: ADB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ADB is overvalued based on its PB Ratio (2.2x) compared to the IT Infrastructure industry average (1.3x).
How is Aeroporto Guglielmo Marconi di Bologna forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADB's earnings are forecast to decline over the next 3 years (-2.5% per year).
Earnings vs Market: ADB's earnings are forecast to decline over the next 3 years (-2.5% per year).
High Growth Earnings: ADB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ADB's revenue (1.7% per year) is forecast to grow slower than the Italian market (4.2% per year).
High Growth Revenue: ADB's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADB's Return on Equity is forecast to be low in 3 years time (11.1%).
How has Aeroporto Guglielmo Marconi di Bologna performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADB has high quality earnings.
Growing Profit Margin: ADB's current net profit margins (17.2%) are higher than last year (15.6%).
Past Earnings Growth Analysis
Earnings Trend: ADB's earnings have grown significantly by 25.7% per year over the past 5 years.
Accelerating Growth: ADB's earnings growth over the past year (27.2%) exceeds its 5-year average (25.7% per year).
Earnings vs Industry: ADB earnings growth over the past year (27.2%) exceeded the Infrastructure industry 4.7%.
Return on Equity
High ROE: ADB's Return on Equity (12.1%) is considered low.
Return on Assets
Return on Capital Employed
How is Aeroporto Guglielmo Marconi di Bologna's financial position?
Financial Position Analysis
Short Term Liabilities: ADB's short term assets (€50.3M) do not cover its short term liabilities (€57.1M).
Long Term Liabilities: ADB's short term assets (€50.3M) exceed its long term liabilities (€32.1M).
Debt to Equity History and Analysis
Debt Level: ADB's debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: ADB's debt to equity ratio has reduced from 26.9% to 10.7% over the past 5 years.
Debt Coverage: ADB's debt is well covered by operating cash flow (157.3%).
Interest Coverage: ADB's interest payments on its debt are well covered by EBIT (72.7x coverage).
Inventory Level: ADB has a low level of unsold assets or inventory.
Debt Coverage by Assets: ADB's debt is covered by short term assets (assets are 2.7x debt).
What is Aeroporto Guglielmo Marconi di Bologna's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ADB's dividend (4.28%) is higher than the bottom 25% of dividend payers in the Italian market (2.09%).
High Dividend: ADB's dividend (4.28%) is low compared to the top 25% of dividend payers in the Italian market (4.73%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ADB has been paying a dividend for less than 10 years.
Growing Dividend: ADB's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.9%), ADB's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ADB's dividends in 3 years are forecast to be covered by earnings (89.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nazareno Ventola (53yo)
Mr. Nazareno Ventola has been Managing Director of Aeroporto Guglielmo Marconi di Bologna S.p.A since July 17, 2015 and has been its Chief Executive Officer and Executive Director since May 09, 2016 and Ju ...
|CEO, MD||3.8yrs||no data||no data|
|Manager of Administration||0yrs||no data||no data|
|Manager of Strategy Planning & Investor Relations||4.5yrs||no data||no data|
|Manager of Legal & Corporate Affairs||0yrs||no data||no data|
|Manager of Business Aviation & Communication||7.1yrs||no data||no data|
|Human Resource Development & Organizational Manager||4.1yrs||no data||no data|
Experienced Management: ADB's management team is considered experienced (4.3 years average tenure).
|CEO, MD||3.8yrs||no data||no data|
|Director||0.8yrs||no data||no data|
|Chairman of the Board||5.6yrs||€91.54k||no data|
|Independent & Non-Executive Director||3.8yrs||no data||no data|
|Non-Executive Director||5.6yrs||€14.56k||no data|
|Independent & Non-Executive Director||1.3yrs||no data||no data|
|Independent & Non-Executive Director||0.8yrs||no data||no data|
|Non-executive Director||0yrs||no data||no data|
|Independent & Non-Executive Director||0yrs||no data||no data|
Experienced Board: ADB's board of directors are considered experienced (3.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Aeroporto Guglielmo Marconi di Bologna S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Aeroporto Guglielmo Marconi di Bologna S.p.A.
- Ticker: ADB
- Exchange: BIT
- Industry: Airport Services
- Sector: Transportation
- Market Cap: €379.319m
- Shares outstanding: 36.13m
- Website: https://www.bologna-airport.it
Number of Employees
- Aeroporto Guglielmo Marconi di Bologna S.p.A.
- Via del Triumvirato, 84
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ADB||BIT (Borsa Italiana)||Yes||Ordinary Shares||IT||EUR||Jul 2015|
|0R9D||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jul 2015|
|ADBM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jul 2015|
Aeroporto Guglielmo Marconi di Bologna S.p.A. manages and maintains an airport in Bologna. The company operates through Aviation, Non-Aviation, and Other segments. It manages the infrastructure at the airport of Bologna, including terminals, baggage handling, parking areas, roads, and cargo warehouses, as well as airside areas. The company also provides security services and services to passengers with reduced mobility; offers information to the public and airport users; operates as a hangar for general aviation; handles cargo and mail at the airport; and renovates or expands airport infrastructure, such as facilities and equipment. In addition, it offers parking management services; retail sub concessions and advertising space services; and car rentals and business lounge services, as well as manages real estate properties. Aeroporto Guglielmo Marconi di Bologna S.p.A. is based in Bologna, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 23:13|
|End of Day Share Price||2020/02/24 00:00|
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.