(ENAV) Enav SpA - Overview
Sector: Industrials | Industry: Airports & Air Services | Exchange: MI (Italy) | Market Cap: 2.888m EUR | Total Return: 69.5% in 12m
Air Traffic Control, Navigation Services, Software Solutions, Maintenance
Total Rating 55
Safety 77
Buy Signal 0.54
Airports & Air Services
Industry Rotation: +9.9
Industry Rotation: +9.9
Market Cap:
3.37B
Avg Turnover: 3.58M EUR
Avg Turnover: 3.58M EUR
ATR:
2.41%
Peers RS (IBD): 78.0
Peers RS (IBD): 78.0
Risk 5d forecast
Volatility18.6%
Rel. Tail Risk-2.31%
Reward TTM
Sharpe Ratio2.68
Alpha52.44
Character TTM
Beta0.319
Beta Downside0.473
Drawdowns 3y
Max DD25.34%
CAGR/Max DD0.68
EPS (Earnings per Share)
EPS CAGR: 47.56%
EPS Trend: 8.4%
EPS Trend: 8.4%
Last SUE: -4.00
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 5.38%
Rev. Trend: 35.8%
Rev. Trend: 35.8%
Last SUE: -0.01
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: ENAV Enav SpA
ENAV S.p.A. provides air traffic control and management services across Italy, Europe, and internationally. The company operates in three segments: Air Navigation Services, Maintenance Services, and Aeronautical Information Management (AIM) Software Solutions. Air traffic control is a critical infrastructure service, ensuring safe and efficient air travel.
ENAV offers technical management and maintenance for air traffic control systems and infrastructure. It also develops software for aeronautical information and air traffic management. The business model involves providing essential services to airport management, airlines, and other air navigation service providers.
Additional services include air traffic flow management, communication navigation and surveillance, and unmanned aircraft system traffic management. Consultancy services cover areas like engineering, training, and safety assessment. For further insights into ENAVs operational details, ValueRay offers comprehensive data.
- European air traffic volume directly impacts navigation service revenue
- Italian regulatory framework dictates air navigation service fees
- Maintenance contracts for air traffic control systems provide stable income
- Software solution sales to global ANSPs expand international revenue
- Fuel price volatility affects airline demand, impacting flight volumes
Piotroski VR‑10 (Strict)
7.5
| Net Income: 140.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 3.05 > 1.0 |
| NWC/Revenue: 17.66% < 20% (prev 18.42%; Δ -0.76% < -1%) |
| CFO/TA 0.21 > 3% & CFO 394.8m > Net Income 140.1m |
| Net Debt (-131.3m) to EBITDA (353.2m): -0.37 < 3 |
| Current Ratio: 1.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (541.4m) vs 12m ago 0.03% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 73.72% > 50% (prev 64.99%; Δ 8.73% > 0%) |
| Interest Coverage Ratio: 9.75 > 6 (EBITDA TTM 353.2m / Interest Expense TTM 22.7m) |
Altman Z''
2.24
| A: 0.14 (Total Current Assets 622.0m - Total Current Liabilities 365.9m) / Total Assets 1.90b |
| B: 0.10 (Retained Earnings 191.4m / Total Assets 1.90b) |
| C: 0.11 (EBIT TTM 221.3m / Avg Total Assets 1.97b) |
| D: 0.26 (Book Value of Equity 191.4m / Total Liabilities 748.5m) |
| Altman-Z'' Score: 2.24 = BBB |
Beneish M
-3.64
| DSRI: 0.98 (Receivables 562.3m/526.9m, Revenue 1.45b/1.33b) |
| GMI: 0.57 (GM 101.6% / 57.49%) |
| AQI: 0.78 (AQ_t 0.25 / AQ_t-1 0.32) |
| SGI: 1.09 (Revenue 1.45b / 1.33b) |
| TATA: -0.13 (NI 140.1m - CFO 394.8m) / TA 1.90b) |
| Beneish M-Score: -3.64 (Cap -4..+1) = AAA |
What is the price of ENAV shares?
As of April 10, 2026, the stock is trading at EUR 5.48 with a total of 612,530 shares traded.
Over the past week, the price has changed by +2.43%, over one month by +7.35%, over three months by +12.28% and over the past year by +69.45%.
Over the past week, the price has changed by +2.43%, over one month by +7.35%, over three months by +12.28% and over the past year by +69.45%.
Is ENAV a buy, sell or hold?
Enav SpA has no consensus analysts rating.
What are the forecasts/targets for the ENAV price?
| Analysts Target Price | - | - |
Enav SpA (ENAV) - Fundamental Data Overview
as of 06 April 2026
Market Cap USD = 3.37b (2.89b EUR * 1.1659 EUR.USD)P/E Trailing = 31.4412
P/E Forward = 21.5054
P/S = 2.9388
P/B = 2.473
Revenue TTM = 1.45b EUR
EBIT TTM = 221.3m EUR
EBITDA TTM = 353.2m EUR
Long Term Debt = 205.3m EUR (from longTermDebt, last quarter)
Short Term Debt = 20.3m EUR (from shortLongTermDebt, last fiscal year)
Debt = 225.5m EUR (Calculated: Short Term 20.3m + Long Term 205.3m)
Net Debt = -131.3m EUR (recalculated: Debt 225.5m - CCE 356.8m)
Enterprise Value = 2.76b EUR (2.89b + Debt 225.5m - CCE 356.8m)
Interest Coverage Ratio = 9.75 (Ebit TTM 221.3m / Interest Expense TTM 22.7m)
EV/FCF = 12.38x (Enterprise Value 2.76b / FCF TTM 222.6m)
FCF Yield = 8.07% (FCF TTM 222.6m / Enterprise Value 2.76b)
FCF Margin = 15.34% (FCF TTM 222.6m / Revenue TTM 1.45b)
Net Margin = 9.65% (Net Income TTM 140.1m / Revenue TTM 1.45b)
Gross Margin = unknown ((Revenue TTM 1.45b - Cost of Revenue TTM -23.9m) / Revenue TTM)
Tobins Q-Ratio = 1.45 (Enterprise Value 2.76b / Total Assets 1.90b)
Interest Expense / Debt = 2.46% (Interest Expense 5.54m / Debt 225.5m)
Taxrate = 29.14% (24.5m / 84.1m)
NOPAT = 156.8m (EBIT 221.3m * (1 - 29.14%))
Current Ratio = 1.70 (Total Current Assets 622.0m / Total Current Liabilities 365.9m)
Debt / Equity = 0.20 (Debt 225.5m / totalStockholderEquity, last quarter 1.15b)
Debt / EBITDA = -0.37 (Net Debt -131.3m / EBITDA 353.2m)
Debt / FCF = -0.59 (Net Debt -131.3m / FCF TTM 222.6m)
Total Stockholder Equity = 1.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.12% (Net Income 140.1m / Total Assets 1.90b)
RoE = 12.03% (Net Income TTM 140.1m / Total Stockholder Equity 1.16b)
RoCE = 16.15% (EBIT 221.3m / Capital Employed (Equity 1.16b + L.T.Debt 205.3m))
RoIC = 10.04% (NOPAT 156.8m / Invested Capital 1.56b)
WACC = 6.72% (E(2.89b)/V(3.11b) * Re(7.11%) + D(225.5m)/V(3.11b) * Rd(2.46%) * (1-Tc(0.29)))
Discount Rate = 7.11% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -0.00%
[DCF] Terminal Value 83.46% ; FCFF base≈204.5m ; Y1≈205.6m ; Y5≈220.6m
[DCF] Fair Price = 10.02 (EV 5.28b - Net Debt -131.3m = Equity 5.42b / Shares 540.3m; r=6.72% [WACC]; 5y FCF grow 0.08% → 3.0% )
EPS Correlation: 8.38 | EPS CAGR: 47.56% | SUE: -4.0 | # QB: 0
Revenue Correlation: 35.83 | Revenue CAGR: 5.38% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.07 | Chg7d=+0.001 | Chg30d=+0.002 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-12-31): EPS=0.18 | Chg7d=+0.000 | Chg30d=-0.012 | Revisions Net=+0 | Growth EPS=+0.0% | Growth Revenue=+4.4%
EPS next Year (2027-12-31): EPS=0.22 | Chg7d=+0.000 | Chg30d=+0.003 | Revisions Net=+0 | Growth EPS=+25.3% | Growth Revenue=+3.2%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.7% (Discount Rate 7.9% - Earnings Yield 3.2%)
[Growth] Growth Spread = -0.3% (Analyst 4.4% - Implied 4.7%)