Valuation Leonardo S.p.A.

Equities

Market Closed - Borsa Italiana Other stock markets 11:45:00 2025-12-12 am EST			Pre-market 01:09:52 am
48.18 ^EUR	0.00%		48.07	-0.23%

12:52am	Piazza Affari, Tobin Tax shock on shares, funds, and ETFs	AN
Dec. 12	European markets are expected to rise	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	3,398	3,624	4,637	8,592	14,918	27,773	-	-
Change	-	6.63%	27.97%	85.3%	73.62%	86.17%	-	-
Enterprise Value (EV) ¹	6,716	6,746	4,637	10,915	16,713	28,870	28,178	27,274
Change	-	0.44%	-31.26%	135.4%	53.11%	72.74%	-2.4%	-3.21%
P/E ratio	14.1x	6.18x	5x	13.1x	13.9x	25x	21.6x	18.7x
PBR	0.65x	0.56x	-	1.1x	1.66x	2.86x	2.61x	2.38x
PEG	-	0x	0.1x	-0.5x	0.2x	6.81x	1.4x	1.2x
Capitalization / Revenue	0.25x	0.26x	0.32x	0.56x	0.84x	1.45x	1.33x	1.24x
EV / Revenue	0.5x	0.48x	0.32x	0.71x	0.94x	1.51x	1.35x	1.22x
EV / EBITDA	4.61x	4.15x	2.63x	5.8x	7.53x	12.1x	10.2x	8.9x
EV / EBIT	7.16x	6.01x	3.81x	8.47x	11x	16.9x	13.8x	11.7x
EV / FCF	168x	32.3x	-	17.2x	20.2x	30.1x	25.7x	21.3x
FCF Yield	0.6%	3.1%	-	5.82%	4.94%	3.33%	3.89%	4.7%
Dividend per Share ²	0.14	0.14	-	0.28	0.28	0.5583	0.6334	0.7038
Rate of return	2.37%	2.22%	-	1.87%	1.08%	1.16%	1.31%	1.46%
EPS ²	0.419	1.019	1.611	1.144	1.862	1.93	2.228	2.577
Distribution rate	33.4%	13.7%	-	24.5%	15%	28.9%	28.4%	27.3%
Net sales ¹	13,410	14,135	14,713	15,291	17,763	19,159	20,827	22,354
EBITDA ¹	1,458	1,626	1,763	1,883	2,219	2,392	2,756	3,063
EBIT ¹	938	1,123	1,218	1,289	1,525	1,713	2,037	2,328
Net income ¹	241	585	927	658	1,074	1,154	1,299	1,508
Net Debt ¹	3,318	3,122	-	2,323	1,795	1,097	405	-498.9
Reference price ²	5.91	6.30	8.06	14.94	25.93	48.18	48.18	48.18
Nbr of stocks (in thousands)	575,008	575,174	575,307	575,307	575,307	576,437	-	-
Announcement Date	3/9/21	3/10/22	3/10/23	2/29/24	3/11/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
LEONARDO S.P.A.	24.96x	1.51x	12.07x	1.16%	32.6B
GE AEROSPACE	41.67x	7.72x	31.83x	0.47%	316B
RTX CORPORATION	35.9x	3.12x	18.52x	1.46%	240B
ROLLS-ROYCE HOLDINGS PLC	18.79x	4.58x	21.8x	0.81%	123B
GENERAL DYNAMICS CORPORATION	21.93x	1.86x	15.4x	1.77%	91.03B
RHEINMETALL AG	59.54x	6.01x	30.24x	0.7%	87.03B
NORTHROP GRUMMAN CORPORATION	21.87x	2.21x	15.66x	1.54%	81.32B
BAE SYSTEMS PLC	24.17x	1.86x	13.45x	2.11%	67.64B
L3HARRIS TECHNOLOGIES, INC.	30.18x	2.92x	16.15x	1.67%	53.67B
AXON ENTERPRISE, INC.	381.01x	16.09x	64.3x	-.--%	44.53B
Average	66.00x	4.79x	23.94x	1.17%	113.62B
Weighted average by Cap.	47.59x	4.99x	24.22x	1.07%