Company Valuation: Leonardo S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,624 4,637 8,592 14,918 28,338 28,805 - -
Change - 27.97% 85.3% 73.62% 89.96% 1.65% - -
Enterprise Value (EV) 1 6,746 4,637 10,915 16,713 29,339 30,904 30,109 29,172
Change - -31.26% 135.4% 53.11% 75.55% 5.34% -2.57% -3.11%
P/E 6.18x 5x 13.1x 13.9x 23.2x 21.1x 17.5x 15x
PBR 0.56x - 1.1x 1.66x 2.97x 2.76x 2.49x 2.23x
PEG - 0.1x -0.5x 0.2x 1.7x 1.9x 0.8x 0.9x
Capitalization / Revenue 0.26x 0.32x 0.56x 0.84x 1.45x 1.29x 1.16x 1.07x
EV / Revenue 0.48x 0.32x 0.71x 0.94x 1.5x 1.39x 1.22x 1.08x
EV / EBITDA 4.15x 2.63x 5.8x 7.53x 12.1x 10.6x 8.97x 7.71x
EV / EBIT 6.01x 3.81x 8.47x 11x 16.7x 14x 11.5x 9.7x
EV / FCF 32.3x - 17.2x 20.2x 29x 22.9x 22x 18.3x
FCF Yield 3.1% - 5.82% 4.94% 3.45% 4.36% 4.55% 5.46%
Dividend per Share 2 0.14 - 0.28 0.28 0.52 0.7147 0.8428 0.9699
Rate of return 2.22% - 1.87% 1.08% 1.06% 1.43% 1.69% 1.95%
EPS 2 1.019 1.611 1.144 1.862 2.122 2.36 2.856 3.335
Distribution rate 13.7% - 24.5% 15% 24.5% 30.3% 29.5% 29.1%
Net sales 1 14,135 14,713 15,291 17,763 19,503 22,284 24,769 26,937
EBITDA 1 1,626 1,763 1,883 2,219 2,429 2,904 3,358 3,784
EBIT 1 1,123 1,218 1,289 1,525 1,752 2,206 2,616 3,008
Net income 1 585 927 658 1,074 1,224 1,352 1,629 1,903
Net Debt 1 3,122 - 2,323 1,795 1,001 2,100 1,304 367.8
Reference price 2 6.30 8.06 14.94 25.93 49.16 49.86 49.86 49.86
Nbr of stocks (in thousands) 575,174 575,307 575,307 575,307 576,437 577,766 - -
Announcement Date 3/10/22 3/10/23 2/29/24 3/11/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.12x1.39x10.64x1.43% 32.1B
34.26x6.29x25.93x0.6% 311B
30.73x2.99x17.14x1.45% 264B
25.86x1.72x12.75x1.77% 169B
20.56x1.95x14.14x2.22% 145B
29.48x4.28x17.87x1.16% 139B
-140.92x1.6x41.35x-.--% 132B
27.59x2.97x13.47x1.51% 126B
20.85x1.76x14.44x1.79% 95.73B
18.53x1.98x13.95x1.76% 78.53B
Average 8.81x 2.69x 18.17x 1.37% 149.32B
Weighted average by Cap. 12.84x 3.26x 19.61x 1.27%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Leonardo S.p.A.

Historical PBR trend

Valuation ratios - PBR - Leonardo S.p.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Leonardo S.p.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Leonardo S.p.A.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Leonardo S.p.A.
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