Company Valuation: Fincantieri S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 928.3 1,023 899 942.2 2,233 5,317 - -
Change - 10.2% -12.12% 4.8% 137.04% 138.08% - -
Enterprise Value (EV) 1 1,990 1,882 3,430 3,213 3,514 7,203 7,064 6,866
Change - -5.44% 82.25% -6.32% 9.37% 104.96% -1.93% -2.8%
P/E ratio -3.87x 47.5x - -18.2x 51.1x 52x 31.3x 22.7x
PBR 1.22x 1.25x - 2.19x 1.95x 5.64x 4.77x 3.91x
PEG - -0x - - -0x 0x 0.5x 0.6x
Capitalization / Revenue 0.16x 0.15x 0.12x 0.12x 0.27x 0.58x 0.55x 0.51x
EV / Revenue 0.34x 0.27x 0.46x 0.42x 0.43x 0.79x 0.73x 0.66x
EV / EBITDA 6.34x 3.8x 15.5x 8.09x 6.9x 11.1x 9.33x 8.11x
EV / EBIT 13.4x 6.51x -343x 19.8x 14.3x 19.7x 15.5x 12.5x
EV / FCF -2.33x 7.97x -9.72x 8.48x 19.3x -22.4x 110x 48.9x
FCF Yield -42.8% 12.5% -10.3% 11.8% 5.18% -4.46% 0.91% 2.04%
Dividend per Share 2 - - - - - - - 0.0833
Rate of return - - - - - - - 0.51%
EPS 2 -1.417 0.1271 - -0.3073 0.1356 0.3166 0.5254 0.726
Distribution rate - - - - - - - 11.5%
Net sales 1 5,879 6,911 7,482 7,651 8,128 9,165 9,725 10,375
EBITDA 1 314 495 221 397 509 651 757 846.8
EBIT 1 148 289 -10 162 246 365.7 454.3 548.3
Net income 1 -240 22 -309 -53 33 105.4 176.3 243.2
Net Debt 1 1,062 859 2,531 2,271 1,281 1,886 1,747 1,549
Reference price 2 5.48 6.04 5.30 5.58 6.93 16.47 16.47 16.47
Nbr of stocks (in thousands) 169,243 169,511 169,464 168,852 322,283 322,847 - -
Announcement Date 2/25/21 3/23/22 3/7/23 3/7/24 3/24/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
52.01x0.79x11.07x-.--% 6.22B
21.07x1.14x11.92x1.88% 21.69B
29.52x2.2x21.53x-.--% 17.27B
10.06x0.6x4.19x2.96% 16.51B
28.92x1.62x17.1x0.24% 10.9B
7x0.9x3.21x5.58% 7.13B
59.45x10.29x47.01x0.51% 6.08B
19.05x0.85x8.51x1.02% 5.61B
29.1x1.4x16.72x0.74% 5.2B
Average 28.47x 2.20x 15.69x 1.44% 10.73B
Weighted average by Cap. 25.27x 1.82x 14.47x 1.5%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Fincantieri S.p.A.