AVIO Stock Analysis: Avio S.p.A | MI
Aerospace & Defense | MI, Italy | Market Cap: 1.599m EUR | 12M Return: 1.2% | IT0005119810 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.0M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.3 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Avio S.p.A. is an Italian aerospace company that designs, develops, manufactures, and integrates space launchers and propulsion systems for both domestic and international customers. Its operations span solid and liquid propulsion systems for launchers, solid propulsion for tactical missiles, complete light space launchers, environmentally friendly propulsion technologies, attitude control and liquid propulsion engines for satellites, and ground infrastructure for launcher preparation and launch operations. Founded in 1984 and headquartered in Colleferro, Italy, Avio is listed on the Milan Stock Exchange under the ticker AVIO.
Within the global space industry, Avio is one of a limited number of companies with end-to-end capabilities in solid rocket propulsion for orbital launch vehicles, and it serves as a prime contractor for Europes Vega family of light launchers. The aerospace and defense sector in which it operates is characterized by long development cycles, significant capital intensity, and close ties to government and institutional customers, including the European Space Agency.
- Vega C return-to-flight schedule drives launch backlog
- European defense spending boosts tactical missile propulsion demand
- SpaceX and Rocket Lab competition pressures launch pricing
| Net Income: 10.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 6.61 > 1.0 |
| NWC/Revenue: 26.51% < 20% (prev -31.82%; Δ 58.33% < -1%) |
| CFO/TA 0.10 > 3% & CFO 168.1m > Net Income 10.5m |
| Net Debt (-130.3m) to EBITDA (34.4m): -3.79 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (46.2m) vs 12m ago 82.69% < -2% |
| Gross Margin: 26.98% > 18% (prev 35.10%; Δ -8.12% > 0.5%) |
| Asset Turnover: 61.32% > 50% (prev 35.88%; Δ 25.44% > 0%) |
| Interest Coverage Ratio: 13.56 > 6 (EBIT TTM 14.1m / Interest Expense TTM 1.04m) |
| A: 0.13 (Total Current Assets 1.12b - Total Current Liabilities 899.7m) / Total Assets 1.67b |
| B: 0.04 (Retained Earnings 73.4m / Total Assets 1.67b) |
| C: 0.01 (EBIT TTM 14.1m / Avg Total Assets 1.38b) |
| D: 0.73 (Book Value of Equity 701.4m / Total Liabilities 958.4m) |
| Altman-Z'' = 1.86 = BBB |
| DSRI: 0.10 (Receivables 5.83m/185.8m, Revenue 844.2m/388.5m) |
| GMI: 1.30 (GM 35.10% / 26.98%) |
| AQI: 0.67 (AQ_t 0.19 / AQ_t-1 0.28) |
| SGI: 2.17 (Revenue 844.2m / 388.5m) |
| TATA: -0.09 (NI 10.5m - CFO 168.1m) / TA 1.67b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of November 13, 2026, the stock is trading at EUR 32.67 with a total of 1,786,732 shares traded. Over the past week, the price has changed by +10.67%, over one month by +12.00%, over three months by -2.65% and over the past year by +1.17%.
Current recommended Stop Loss: 29.20 (which is 10.6% or 2.6 ATR below the current price).
Avio S.p.A has no consensus analysts rating.
P/E Trailing = 68.0625
P/S = 2.6621
P/B = 2.2578
Revenue TTM = 844.2m EUR
EBIT TTM = 14.1m EUR
EBITDA TTM = 34.4m EUR
Long Term Debt = unknown (none)
Short Term Debt = 3.28m EUR (from shortTermDebt, last fiscal year)
Debt = 10.1m EUR (from shortLongTermDebtTotal, last fiscal year) (leases 9.74m already included)
Net Debt = -130.3m EUR (calculated: Debt 10.1m - CCE 140.5m)
Enterprise Value = 1.47b EUR (1.60b + Debt 10.1m - CCE 140.5m)
Interest Coverage Ratio = 13.56 (Ebit TTM 14.1m / Interest Expense TTM 1.04m)
EV/FCF = 10.48x (Enterprise Value 1.47b / FCF TTM 140.2m)
FCF Yield = 9.54% (FCF TTM 140.2m / Enterprise Value 1.47b)
FCF Margin = 16.60% (FCF TTM 140.2m / Revenue TTM 844.2m)
Net Margin = 1.24% (Net Income TTM 10.5m / Revenue TTM 844.2m)
Gross Margin = 26.98% ((Revenue TTM 844.2m - Cost of Revenue TTM 616.4m) / Revenue TTM)
Gross Margin QoQ = 18.08% (prev 51.36%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.47b / Total Assets 1.67b)
Interest Expense / Debt = 10.29% (Interest Expense 1.04m / Debt 10.1m)
Taxrate = 7.36% (937k / 12.7m)
NOPAT = 13.1m (EBIT 14.1m * (1 - 7.36%))
Current Ratio = 1.25 (Total Current Assets 1.12b / Total Current Liabilities 899.7m)
Debt / Equity = 0.01 (Debt 10.1m / totalStockholderEquity, last quarter 701.4m)
Debt / EBITDA = -3.79 (Net Debt -130.3m / EBITDA 34.4m)
Debt / FCF = -0.93 (Net Debt -130.3m / FCF TTM 140.2m)
Total Stockholder Equity = 503.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.76% (Net Income 10.5m / Total Assets 1.67b)
RoE = 2.08% (Net Income TTM 10.5m / Total Stockholder Equity 503.0m)
RoCE = 1.83% (EBIT 14.1m / Capital Employed (Total Assets 1.67b - Current Liab 899.7m))
RoIC = 1.79% (NOPAT 13.1m / Invested Capital 731.7m)
WACC = 6.80% (E(1.60b)/V(1.61b) * Re(6.78%) + D(10.1m)/V(1.61b) * Rd(10.29%) * (1-Tc(0.07)))
Discount Rate = 6.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.93 | Cagr: 9.59%
[DCF] Terminal Value 77.97% ; FCFF base≈91.8m ; Y1≈105.2m ; Y5≈154.9m
[DCF] Fair Price = 50.28 (EV 2.33b - Net Debt -130.3m = Equity 2.46b / Shares 48.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 98.96 | Revenue CAGR: 31.44% | SUE: 1.36 | # QB: 1
EPS current Year (2026-12-31): EPS=0.35 | Chg30d=-4.39% | Revisions=-40% | GrowthEPS=-15.3% | GrowthRev=+2.8%
EPS next Year (2027-12-31): EPS=0.29 | Chg30d=-7.82% | Revisions=+0% | GrowthEPS=-16.9% | GrowthRev=+11.1%
[Analyst] Revisions Ratio: -29% (up=1, down=3)