Projected Income Statement: Leonardo S.p.A.

Forecast Balance Sheet: Leonardo S.p.A.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,847 3,318 3,122 - 2,323 1,955 1,236 570
Change - 16.54% -5.91% - - -15.84% -36.78% -53.88%
Announcement Date 3/12/20 3/9/21 3/10/22 3/10/23 2/29/24 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Leonardo S.p.A.

Fiscal Period: December 2019 2020 2021 2023 2024 2025 2026
CAPEX 1 594 311 615 782 836.9 898.5 946.2
Change - -47.64% 97.75% - 7.02% 7.35% 5.31%
Free Cash Flow (FCF) 1 241 40 209 635 750.9 848.9 966.7
Change - -83.4% 422.5% - 18.26% 13.05% 13.87%
Announcement Date 3/12/20 3/9/21 3/10/22 2/29/24 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Leonardo S.p.A.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 13.18% 10.87% 11.5% 11.98% 12.31% 11.76% 12.35% 12.86%
EBIT Margin (%) 9.08% 6.99% 7.94% 8.28% 8.43% 8.32% 9.02% 9.71%
EBT Margin (%) 6.3% 1.89% 4.15% 5.08% 5.39% 6.29% 7.15% 7.67%
Net margin (%) 5.96% 1.8% 4.14% 6.3% 4.3% 5.55% 5.11% 5.71%
FCF margin (%) 1.75% 0.3% 1.48% - 4.15% 4.38% 4.66% 5.05%
FCF / Net Income (%) 29.35% 16.6% 35.73% - 96.5% 79.01% 91.18% 88.42%

Profitability

        
ROA 3.13% 0.89% 2.11% - 2.22% 3.43% 3.39% 3.76%
ROE 14.7% 4.55% 12.83% - 8.78% 10.95% 10.85% 11.45%

Financial Health

        
Leverage (Debt/EBITDA) 1.57x 2.28x 1.92x - 1.23x 0.97x 0.55x 0.23x
Debt / Free cash flow 11.81x 82.95x 14.94x - 3.66x 2.6x 1.46x 0.59x

Capital Intensity

        
CAPEX / Current Assets (%) 4.31% 2.32% 4.35% - 5.11% 4.88% 4.93% 4.94%
CAPEX / EBITDA (%) 32.69% 21.33% 37.82% - 41.53% 41.54% 39.92% 38.43%
CAPEX / FCF (%) 246.47% 777.5% 294.26% - 123.15% 111.45% 105.84% 97.88%

Items per share

        
Cash flow per share 1 1.122 0.4783 1.29 - 2.062 2.537 2.509 2.62
Change - -57.37% 169.79% - - 23.06% -1.09% 4.43%
Dividend per Share 1 0.14 0.14 0.14 - 0.28 0.298 0.3422 0.3787
Change - 0% 0% - - 6.41% 14.83% 10.69%
Book Value Per Share 1 9.207 9.157 11.18 - 13.56 15.02 16.37 18
Change - -0.54% 22.08% - - 10.75% 9% 9.96%
EPS 1 1.428 0.419 1.019 1.611 1.144 1.631 1.65 1.935
Change - -70.66% 143.2% 58.1% -28.99% 42.58% 1.15% 17.29%
Nbr of stocks (in thousands) 574,845 575,008 575,174 575,307 575,307 575,307 575,307 575,307
Announcement Date 3/12/20 3/9/21 3/10/22 3/10/23 2/29/24 - - -
1EUR
Estimates
2024 *2025 *
P/E ratio 18x 17.8x
PBR 1.95x 1.79x
EV / Sales 1.1x 0.99x
Yield 1.02% 1.17%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
BBB
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
29.35EUR
Average target price
31.12EUR
Spread / Average Target
+6.04%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. LDO Stock
  4. Financials Leonardo S.p.A.