Leonardo, right here's what the analysts suppose after the good trip (+400% in 5 years) | EUROtoday

Listen to the audio model of the article

Leonardo's inventory continues to rise. Since the start of the yr it has grown by 26%. Since February 2022 – when Russia was making ready to invade Ukraine – it has jumped 243%. From the relative lows of October 2020, it has quintupled its worth, going from 3.92 euros to the present 19. The firm, beforehand often known as Finmeccanica, is without doubt one of the principal world firms lively within the aerospace, protection and safety sectors . Its enterprise covers a variety of areas, together with aerospace programs, unmanned aerial autos (UAVs), protection electronics, land programs, naval programs, area programs, and cyber safety.

Average earnings development

It goes with out saying that the enterprise mannequin has benefited from rising geopolitical threat. What do analysts suppose? Is it too costly after the sharp acceleration of the final 4 years? Over the previous 5 years, the corporate has seen common annual earnings development of 15.6%. The final monetary yr ended with a internet revenue of 807 million towards revenues of 15 billion. At present values ​​- which have introduced the market capitalization to 11 billion euros – the inventory is buying and selling at 13.63 instances earnings. This is a decrease a number of than firms in the identical sector such because the French Thales (23.9 instances earnings) or the German Rheinmetall (35 instances).

The warning of analysts

Despite this, the common goal value of analysts collected by Bloomberg for the subsequent 12 months is the same as 17.61 euros, 7.9% lower than present valuations. At the second essentially the most “optimistic” opinions are these of JP Morgan (“overweight” with a 12-month goal value of $20) and Banca Akros (“buy” with a goal of $21). The inventory as an alternative has a “sell” ranking from Morningstar (goal 16.6 euros) and Alphavalue (16.5 euros).