ENAV S.p.A. provides air navigation services primarily in Italy.
Excellent balance sheet with acceptable track record.
Share Price & News
How has ENAV's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENAV has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ENAV exceeded the Italian Infrastructure industry which returned 15.6% over the past year.
Return vs Market: ENAV exceeded the Italian Market which returned 18.6% over the past year.
Price Volatility Vs. Market
How volatile is ENAV's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StIs ENAV (BIT:ENAV) Using Too Much Debt?
3 weeks ago | Simply Wall StIs ENAV S.p.A. (BIT:ENAV) A Smart Choice For Dividend Investors?
1 month ago | Simply Wall StInvestors Who Bought ENAV (BIT:ENAV) Shares Three Years Ago Are Now Up 67%
Is ENAV 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: ENAV (€5.55) is trading above our estimate of fair value (€3.04)
Significantly Below Fair Value: ENAV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ENAV is poor value based on its PE Ratio (26.3x) compared to the Infrastructure industry average (17.1x).
PE vs Market: ENAV is poor value based on its PE Ratio (26.3x) compared to the Italian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: ENAV is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: ENAV is overvalued based on its PB Ratio (2.7x) compared to the IT Infrastructure industry average (1.4x).
How is ENAV forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENAV's forecast earnings growth (6.7% per year) is above the savings rate (1.2%).
Earnings vs Market: ENAV's earnings (6.7% per year) are forecast to grow slower than the Italian market (8.7% per year).
High Growth Earnings: ENAV's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENAV's revenue (1.9% per year) is forecast to grow slower than the Italian market (3.8% per year).
High Growth Revenue: ENAV's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENAV's Return on Equity is forecast to be low in 3 years time (10.7%).
How has ENAV performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENAV has high quality earnings.
Growing Profit Margin: ENAV's current net profit margins (13.2%) are higher than last year (13.1%).
Past Earnings Growth Analysis
Earnings Trend: ENAV's earnings have grown significantly by 20% per year over the past 5 years.
Accelerating Growth: ENAV's earnings growth over the past year (3.5%) is below its 5-year average (20% per year).
Earnings vs Industry: ENAV earnings growth over the past year (3.5%) underperformed the Infrastructure industry 4.7%.
Return on Equity
High ROE: ENAV's Return on Equity (10.1%) is considered low.
Return on Assets
Return on Capital Employed
How is ENAV's financial position?
Financial Position Analysis
Short Term Liabilities: ENAV's short term assets (€760.0M) exceed its short term liabilities (€287.7M).
Long Term Liabilities: ENAV's short term assets (€760.0M) exceed its long term liabilities (€565.5M).
Debt to Equity History and Analysis
Debt Level: ENAV's debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: ENAV's debt to equity ratio has increased from 17.5% to 30.4% over the past 5 years.
Debt Coverage: ENAV's debt is well covered by operating cash flow (96.4%).
Interest Coverage: ENAV's interest payments on its debt are well covered by EBIT (34.6x coverage).
Inventory Level: ENAV has a high level of physical assets or inventory.
Debt Coverage by Assets: ENAV's debt is covered by short term assets (assets are 2.2x debt).
What is ENAV's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ENAV's dividend (3.6%) is higher than the bottom 25% of dividend payers in the Italian market (1.97%).
High Dividend: ENAV's dividend (3.6%) is low compared to the top 25% of dividend payers in the Italian market (4.19%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ENAV has been paying a dividend for less than 10 years.
Growing Dividend: ENAV's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (94.5%), ENAV's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ENAV's dividends in 3 years are not forecast to be well covered by earnings (98% payout ratio).
What is the CEO of ENAV's salary, the management and board of directors tenure and is there insider trading?
Average board tenure
Roberta Neri 0
Ms. Roberta Neri has been the Chief Executive Officer of ENAV S.p.A. since July 07, 2015. Ms. Neri worked for ACEA S.p.A. She served as Planning and Finance Director at ACEA S.p.A. until March 2009. From S ...
CEO Compensation Analysis
Compensation vs Market: Roberta's total compensation ($USD0.00) is below average for companies of similar size in the Italian market ($USD1.68M).
Compensation vs Earnings: Insufficient data to compare Roberta's compensation with company performance.
Board Age and Tenure
Experienced Board: ENAV's board of directors are considered experienced (3.8 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CEO & Director
- Tenure: 4.5yrs
- Compensation: €367.64k
Head of Internal Communication
Head of Brand Development
Chief Financial Officer
Head of Integrated Compliance and Rick Management
General Counsel and Head of Legal
Head of Communication and Investor Relations
Chief Technology Officer
Chief Operating Officer
Chief HR and Corporate Services Officer
CEO & Director
- Tenure: 4.5yrs
- Compensation: €367.64k
Maria Di Matteo
- Tenure: 4.6yrs
- Compensation: €49.53k
Chairman of the Board
- Tenure: 1.2yrs
- Compensation: €41.08k
Devan De Paolis
Head of Internal Audit
Mario Vinzia (57yo)
Non Executive Director
- Tenure: 3.8yrs
Member of Board of Statutory Auditors
- Tenure: 3.8yrs
Antonio Santi (42yo)
Chairman of the Board of Statutory Auditors
- Tenure: 0.8yrs
Chairman of Supervisory Body
ENAV S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: ENAV S.p.A.
- Ticker: ENAV
- Exchange: BIT
- Industry: Airport Services
- Sector: Transportation
- Market Cap: €3.169b
- Shares outstanding: 541.74m
- Website: https://www.enav.it
Number of Employees
- ENAV S.p.A.
- Via Salaria 716
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ENAV||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Jul 2016|
|ENV||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2016|
|0RIE||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jul 2016|
|ENAVM||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||EUR||Jul 2016|
|EENN.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jul 2016|
ENAV S.p.A. provides air navigation services primarily in Italy. The company operates in two segments, Flight Assistance Services and Maintenance Services. It offers air traffic control services, including air traffic handling, ATM platform, surveillance and navigation, and telecoms; airspace design; meteorology services, such as weather reports and forecasts; aeronautical information; flight inspection; engineering and maintenance; research and innovation; air traffic management training; and online services. The company also engages in the international activities, such as European aviation safety, network management, and deployment management; and the provision of business consulting services comprising aeronautical consulting and design, training, and flight calibration. In addition, it installs, maintains, and monitors various hardware and software systems; and develops and tests new technologies, as well as offers consultancy and services to international markets. The company is based in Rome, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/28 22:40|
|End of Day Share Price||2020/01/28 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.