FCT Stock Analysis: Fincantieri | MI
Aerospace & Defense | MI, Italy | Market Cap: 3.894m EUR | 12M Return: -28.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 37.9M
Warnings
Tailwinds
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.
Fincantieri S.p.A. is a global shipbuilding group headquartered in Trieste, Italy, operating through four segments: Shipbuilding, Offshore and Specialized Vessels, Underwater, and Equipment, Systems, and Infrastructure. Its portfolio spans cruise ships, submarines, offshore support and wind vessels, drilling platforms, cable-laying ships, ferries, and a broad range of naval ships including aircraft carriers, destroyers, frigates, corvettes, and patrol vessels. Beyond newbuild construction, the company offers lifecycle services, ship repair and refitting, interior and cabin solutions, and environmentally focused products.
The group also supplies defense and autonomous-vessel technologies such as effectors, acoustic sensors, radar, and communication systems, along with integrated electrical, propulsion, stabilization, and power generation systems. A separate infrastructure unit designs bridges, viaducts, ports, airports, and industrial buildings. Founded in 1959, Fincantieri operates primarily as a business-to-business and business-to-government contractor, with naval and cruise segments forming the core of its order book. As one of the worlds largest shipbuilders, it benefits from long-dated, multi-year contract visibility, particularly from European and U.S. navies, while its diversified services provide recurring aftermarket and through-life support revenue alongside cyclical newbuild demand.
- Cruise ship backlog growth supports multi-year revenue visibility
- Italian and export naval contracts anchor defense revenue
- Asian shipyard competition pressures shipbuilding margins
| Net Income: 123.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.08 > 1.0 |
| NWC/Revenue: -9.45% < 20% (prev 0.90%; Δ -10.35% < -1%) |
| CFO/TA 0.08 > 3% & CFO 794.7m > Net Income 123.3m |
| Net Debt (-383.6m) to EBITDA (657.5m): -0.58 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (324.3m) vs 12m ago 48.63% < -2% |
| Gross Margin: 24.60% > 18% (prev 23.81%; Δ 0.79% > 0.5%) |
| Asset Turnover: 92.36% > 50% (prev 85.00%; Δ 7.36% > 0%) |
| Interest Coverage Ratio: 1.99 > 6 (EBIT TTM 350.3m / Interest Expense TTM 176.4m) |
| A: -0.08 (Total Current Assets 6.47b - Total Current Liabilities 7.34b) / Total Assets 10.3b |
| B: -0.03 (Retained Earnings -297.2m / Total Assets 10.3b) |
| C: 0.04 (EBIT TTM 350.3m / Avg Total Assets 9.95b) |
| D: 0.11 (Book Value of Equity 997.3m / Total Liabilities 9.36b) |
| Altman-Z'' = -0.30 = B |
| DSRI: 0.13 (Receivables 599.1m/4.10b, Revenue 9.19b/8.13b) |
| GMI: 0.97 (GM 23.81% / 24.60%) |
| AQI: 1.72 (AQ_t 0.20 / AQ_t-1 0.11) |
| SGI: 1.13 (Revenue 9.19b / 8.13b) |
| TATA: -0.06 (NI 123.3m - CFO 794.7m) / TA 10.3b) |
| Beneish M = -3.26 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at EUR 11.68 with a total of 3,971,495 shares traded. Over the past week, the price has changed by +8.25%, over one month by +8.35%, over three months by -16.81% and over the past year by -28.74%.
Current recommended Stop Loss: 10.30 (which is 11.8% or 2.4 ATR below the current price).
Fincantieri has no consensus analysts rating.
P/E Trailing = 30.2778
P/E Forward = 20.0
P/S = 0.4366
P/B = 3.8655
P/EG = 0.3037
Revenue TTM = 9.19b EUR
EBIT TTM = 350.3m EUR
EBITDA TTM = 657.5m EUR
Long Term Debt = 1.39b EUR (from longTermDebt, last quarter)
Short Term Debt = 774.6m EUR (from shortLongTermDebt, last quarter)
Debt = 129.5m EUR (Leases only: 129.5m)
Net Debt = -383.6m EUR (calculated: Debt 129.5m - CCE 513.2m)
Enterprise Value = 3.51b EUR (3.89b + Debt 129.5m - CCE 513.2m)
Interest Coverage Ratio = 1.99 (Ebit TTM 350.3m / Interest Expense TTM 176.4m)
EV/FCF = 17.24x (Enterprise Value 3.51b / FCF TTM 203.6m)
FCF Yield = 5.80% (FCF TTM 203.6m / Enterprise Value 3.51b)
FCF Margin = 2.21% (FCF TTM 203.6m / Revenue TTM 9.19b)
Net Margin = 1.34% (Net Income TTM 123.3m / Revenue TTM 9.19b)
Gross Margin = 24.60% ((Revenue TTM 9.19b - Cost of Revenue TTM 6.93b) / Revenue TTM)
Gross Margin QoQ = 24.95% (prev 24.25%)
Tobins Q-Ratio = 0.34 (Enterprise Value 3.51b / Total Assets 10.3b)
Interest Expense / Debt = 136.2% (Interest Expense 176.4m / Debt 129.5m)
Taxrate = 28.07% (50.9m / 181.4m)
NOPAT = 252.0m (EBIT 350.3m * (1 - 28.07%))
Current Ratio = 0.88 (Total Current Assets 6.47b / Total Current Liabilities 7.34b)
Debt / Equity = 0.13 (Debt 129.5m / totalStockholderEquity, last quarter 997.3m)
Debt / EBITDA = -0.58 (Net Debt -383.6m / EBITDA 657.5m)
Debt / FCF = -1.88 (Net Debt -383.6m / FCF TTM 203.6m)
Total Stockholder Equity = 796.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.24% (Net Income 123.3m / Total Assets 10.3b)
RoE = 15.49% (Net Income TTM 123.3m / Total Stockholder Equity 796.0m)
RoCE = 16.02% (EBIT 350.3m / Capital Employed (Equity 796.0m + L.T.Debt 1.39b))
RoIC = 9.89% (NOPAT 252.0m / Invested Capital 2.55b)
WACC = 7.49% (E(3.89b)/V(4.02b) * Re(7.74%) + (debt cost/tax rate unavailable))
Discount Rate = 7.74% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -2.27 | Cagr: -0.09%
[DCF] Terminal Value 77.60% ; FCFF base≈194.5m ; Y1≈218.5m ; Y5≈305.1m
[DCF] Fair Price = 13.99 (EV 4.61b - Net Debt -383.6m = Equity 5.00b / Shares 357.3m; r=8.35% [WACC [floored]]; 5y FCF grow 12.62% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 98.11 | Revenue CAGR: 9.62% | SUE: 0.19 | # QB: 0
EPS current Year (2026-12-31): EPS=0.48 | Chg30d=+4.74% | Revisions=+55% | GrowthEPS=+13.5% | GrowthRev=+1.3%
EPS next Year (2027-12-31): EPS=0.64 | Chg30d=-0.62% | Revisions=+30% | GrowthEPS=+34.6% | GrowthRev=+8.1%
[Analyst] Revisions Ratio: +50% (up=12, down=3)