(AVIO) Avio S.p.A - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: MI (Italy) | Market Cap: 1.653m EUR | Total Return: 91.1% in 12m
Avg Turnover: 29.3M
Warnings
P/E ratio 106.1
Extended 1w Choppy
Tailwinds
Idiosyncratic Leader
Avio S.p.A. is an Italian aerospace firm specializing in the design and production of space launchers and propulsion systems. The company serves both the commercial and defense sectors, manufacturing solid and liquid propellant systems for tactical missiles, satellites, and light space launchers. Its operations extend to the development of ground infrastructure and research into sustainable propulsion technologies.
The business model relies on high-barrier engineering expertise and long-term government contracts, characteristic of the capital-intensive aerospace industry. As a key contractor for the European Space Agency, Avio plays a central role in the Vega launcher program, benefiting from the increasing global demand for satellite deployment. You can further analyze these industrial tailwinds and financial metrics at ValueRay.
- Vega-C return to flight schedule dictates short-term revenue and investor confidence
- European Space Agency institutional contracts provide long-term backlog and funding stability
- Solid rocket motor demand for tactical missiles drives defense segment growth
- Development of methane-fueled engines determines future competitiveness in reusable launcher markets
- Supply chain inflation and raw material costs impact manufacturing margins for launchers
| Net Income: 21.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 3.10 > 1.0 |
| NWC/Revenue: 54.01% < 20% (prev -17.62%; Δ 71.63% < -1%) |
| CFO/TA 0.15 > 3% & CFO 242.2m > Net Income 21.8m |
| Net Debt (-281.7m) to EBITDA (46.9m): -6.01 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.8m) vs 12m ago 45.73% < -2% |
| Gross Margin: 77.85% > 18% (prev 0.23%; Δ 7.76k% > 0.5%) |
| Asset Turnover: 34.05% > 50% (prev 58.57%; Δ -24.52% > 0%) |
| Interest Coverage Ratio: 14.60 > 6 (EBITDA TTM 46.9m / Interest Expense TTM 1.82m) |
| 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: 0.02 (EBIT TTM 26.6m / Avg Total Assets 1.35b) |
| D: 0.08 (Book Value of Equity 72.7m / Total Liabilities 955.6m) |
| Altman-Z'' = 1.33 = BB |
| DSRI: 2.49 (Receivables 5.61m/2.96m, Revenue 459.1m/604.9m) |
| GMI: 0.30 (GM 77.85% / 23.35%) |
| AQI: 0.55 (AQ_t 0.19 / AQ_t-1 0.34) |
| SGI: 0.76 (Revenue 459.1m / 604.9m) |
| TATA: -0.13 (NI 21.8m - CFO 242.2m) / TA 1.66b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of May 26, 2026, the stock is trading at EUR 38.69 with a total of 1,987,451 shares traded.
Over the past week, the price has changed by +28.92%,
over one month by +25.50%,
over three months by +7.41% and
over the past year by +91.06%.
Avio S.p.A has no consensus analysts rating.
P/E Trailing = 106.1471
P/S = 2.8321
P/B = 2.3706
Revenue TTM = 459.1m EUR
EBIT TTM = 26.6m EUR
EBITDA TTM = 46.9m EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 10.1m EUR (Leases only: 10.1m)
Net Debt = -281.7m EUR (calculated: Debt 10.1m - CCE 291.8m)
Enterprise Value = 1.37b EUR (1.65b + Debt 10.1m - CCE 291.8m)
Interest Coverage Ratio = 14.60 (Ebit TTM 26.6m / Interest Expense TTM 1.82m)
EV/FCF = 8.04x (Enterprise Value 1.37b / FCF TTM 170.5m)
FCF Yield = 12.44% (FCF TTM 170.5m / Enterprise Value 1.37b)
FCF Margin = 37.14% (FCF TTM 170.5m / Revenue TTM 459.1m)
Net Margin = 4.75% (Net Income TTM 21.8m / Revenue TTM 459.1m)
Gross Margin = 77.85% ((Revenue TTM 459.1m - Cost of Revenue TTM 101.7m) / Revenue TTM)
Gross Margin QoQ = none% (prev 32.98%)
Tobins Q-Ratio = 0.82 (Enterprise Value 1.37b / Total Assets 1.66b)
Interest Expense / Debt = 18.02% (Interest Expense 1.82m / Debt 10.1m)
Taxrate = 11.06% (1.37m / 12.4m)
NOPAT = 23.7m (EBIT 26.6m * (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 = -6.01 (Net Debt -281.7m / EBITDA 46.9m)
Debt / FCF = -1.65 (Net Debt -281.7m / FCF TTM 170.5m)
Total Stockholder Equity = 401.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.62% (Net Income 21.8m / Total Assets 1.66b)
RoE = 5.43% (Net Income TTM 21.8m / Total Stockholder Equity 401.5m)
RoCE = 3.46% (EBIT 26.6m / Capital Employed (Total Assets 1.66b - Current Liab 895.2m))
RoIC = 3.08% (NOPAT 23.7m / Invested Capital 768.9m)
WACC = 6.67% (E(1.65b)/V(1.66b) * Re(6.61%) + D(10.1m)/V(1.66b) * Rd(18.02%) * (1-Tc(0.11)))
Discount Rate = 6.61% (= 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: -88.90 | Revenue CAGR: -66.90% | SUE: -3.42 | # QB: -1
EPS current Year (2026-12-31): EPS=0.27 | Chg30d=-9.20% | Revisions=+0% | GrowthEPS=-34.0% | GrowthRev=+1.4%
EPS next Year (2027-12-31): EPS=0.28 | Chg30d=+13.29% | Revisions=-33% | GrowthEPS=+1.4% | GrowthRev=+13.6%
[Analyst] Revisions Ratio: -33%