AVIO Stock Analysis: Avio S.p.A | MI
Aerospace & Defense | MI, Italy | Market Cap: 1.491m EUR | 12M Return: 33.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 46.9M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Avio S.p.A. is an Italian aerospace company founded in 1984 and headquartered in Colleferro, Italy, that designs, develops, produces, and integrates space launchers and propulsion systems for both domestic and international markets. Its operations span solid and liquid propulsion systems for launchers, solid propulsion for tactical missiles, complete light space launchers, satellite attitude control and propulsion technologies, and launch ground infrastructure. The company is one of the few European players with end-to-end capabilities in launcher propulsion, a segment characterized by high barriers to entry due to long development cycles, stringent certification requirements, and a limited number of institutional customers such as national space agencies and the European Space Agency (ESA).
- Vega C launch cadence recovery drives space launcher revenue growth
- European defense spending surge expands tactical missile propulsion backlog
- SpaceX and Rocket Lab pricing pressure threatens European launch market share
| Net Income: 10.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 3.49 > 1.0 |
| NWC/Revenue: 41.81% < 20% (prev -25.16%; Δ 66.97% < -1%) |
| CFO/TA 0.15 > 3% & CFO 242.2m > Net Income 10.5m |
| Net Debt (-281.7m) to EBITDA (29.2m): -9.66 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.8m) vs 12m ago 77.72% < -2% |
| Gross Margin: 83.90% > 18% (prev 32.88%; Δ 51.03% > 0.5%) |
| Asset Turnover: 43.04% > 50% (prev 47.68%; Δ -4.65% > 0%) |
| Interest Coverage Ratio: 26.82 > 6 (EBIT TTM 8.88m / Interest Expense TTM 331k) |
| A: 0.15 (Total Current Assets 1.14b - Total Current Liabilities 895.2m) / Total Assets 1.66b |
| B: 0.04 (Retained Earnings 72.7m / Total Assets 1.66b) |
| C: 0.01 (EBIT TTM 8.88m / Avg Total Assets 1.38b) |
| D: 0.73 (Book Value of Equity 697.3m / Total Liabilities 955.6m) |
| Altman-Z'' = 1.93 = BBB |
| DSRI: 1.60 (Receivables 5.61m/3.07m, Revenue 593.1m/520.9m) |
| GMI: 0.39 (GM 32.88% / 83.90%) |
| AQI: 0.67 (AQ_t 0.19 / AQ_t-1 0.28) |
| SGI: 1.14 (Revenue 593.1m / 520.9m) |
| TATA: -0.14 (NI 10.5m - CFO 242.2m) / TA 1.66b) |
| Beneish M = -3.19 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at EUR 31.32 with a total of 1,383,715 shares traded. Over the past week, the price has changed by -2.85%, over one month by -15.35%, over three months by -13.86% and over the past year by +33.08%.
Current recommended Stop Loss: 26.10 (which is 16.7% or 2.6 ATR below the current price).
Avio S.p.A has no consensus analysts rating.
P/E Trailing = 95.7353
P/S = 2.5543
P/B = 2.0875
Revenue TTM = 593.1m EUR
EBIT TTM = 8.88m EUR
EBITDA TTM = 29.2m EUR
Long Term Debt = 13.0k EUR (from longTermDebt, two quarters ago)
Short Term Debt = 1.03m EUR (from shortLongTermDebt, two quarters ago)
Debt = 10.1m EUR (Leases only: 10.1m)
Net Debt = -281.7m EUR (calculated: Debt 10.1m - CCE 291.8m)
Enterprise Value = 1.21b EUR (1.49b + Debt 10.1m - CCE 291.8m)
Interest Coverage Ratio = 26.82 (Ebit TTM 8.88m / Interest Expense TTM 331k)
EV/FCF = 7.09x (Enterprise Value 1.21b / FCF TTM 170.5m)
FCF Yield = 14.10% (FCF TTM 170.5m / Enterprise Value 1.21b)
FCF Margin = 28.75% (FCF TTM 170.5m / Revenue TTM 593.1m)
Net Margin = 1.77% (Net Income TTM 10.5m / Revenue TTM 593.1m)
Gross Margin = 83.90% ((Revenue TTM 593.1m - Cost of Revenue TTM 95.5m) / Revenue TTM)
Gross Margin QoQ = none% (prev 47.63%)
Tobins Q-Ratio = 0.73 (Enterprise Value 1.21b / Total Assets 1.66b)
Interest Expense / Debt = 3.28% (Interest Expense 331k / Debt 10.1m)
Taxrate = 11.06% (1.37m / 12.4m)
NOPAT = 7.89m (EBIT 8.88m * (1 - 11.06%))
Current Ratio = 1.28 (Total Current Assets 1.14b / Total Current Liabilities 895.2m)
Debt / Equity = 0.01 (Debt 10.1m / totalStockholderEquity, last quarter 697.3m)
Debt / EBITDA = -9.66 (Net Debt -281.7m / EBITDA 29.2m)
Debt / FCF = -1.65 (Net Debt -281.7m / FCF TTM 170.5m)
Total Stockholder Equity = 401.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.76% (Net Income 10.5m / Total Assets 1.66b)
RoE = 2.61% (Net Income TTM 10.5m / Total Stockholder Equity 401.5m)
RoCE = 2.21% (EBIT 8.88m / Capital Employed (Equity 401.5m + L.T.Debt 13.0k))
RoIC = 1.07% (NOPAT 7.89m / Invested Capital 739.2m)
WACC = 6.83% (E(1.49b)/V(1.50b) * Re(6.86%) + D(10.1m)/V(1.50b) * Rd(3.28%) * (1-Tc(0.11)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.97 | Cagr: 0.15%
[DCF] Terminal Value 77.97% ; FCFF base≈131.9m ; Y1≈151.2m ; Y5≈222.5m
[DCF] Fair Price = 79.24 (EV 3.35b - Net Debt -281.7m = Equity 3.63b / Shares 45.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 99.14 | Revenue CAGR: 28.70% | SUE: 0.44 | # QB: 0
EPS current Year (2026-12-31): EPS=0.27 | Chg30d=-0.11% | Revisions=-25% | GrowthEPS=-34.0% | GrowthRev=+1.4%
EPS next Year (2027-12-31): EPS=0.28 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+1.5% | GrowthRev=+13.6%
[Analyst] Revisions Ratio: -40% (up=0, down=2)