Avio S.p.A. (2ZP) Stock Price & Analysis
2ZP Stock Chart & Stats
- Day’s Range
- EUR 31.75 - EUR 32.45
- 52-Week Range
- EUR 24.05 - EUR 44.76
- Previous Close
- EUR 32.98
- Volume
- 20
- Average Volume (3M)
- 97
- Market Cap
- EUR 1.57B
- Enterprise Value
- EUR 1.08B
- Total Cash (Recent Filing)
- EUR 545.47M
- Total Debt (Recent Filing)
- EUR 9.74M
- Price to Earnings (P/E)
- 54.8
- Beta
- 1.21
- Next Earnings
- Nov 11, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 0.47%
Bulls Say, Bears Say
Bulls Say
Revenue And Backlog Growth
Strong revenue growth combined with a backlog above EUR 2 billion provides meaningful forward visibility and supports continued production activity. The consistency of growth across several years suggests expanding demand and a durable order base rather than reliance on a single short-term program.
Conservative Balance Sheet And Cash Generation
Very low leverage gives Avio financial flexibility to fund capacity expansion and absorb program timing variability without depending heavily on debt. The sharp improvement in operating and free cash flow also indicates that recent earnings were supported by cash generation, strengthening resilience.
Diversified Structural Demand
A larger production-contract contribution can make revenue more repeatable as programs move from development into delivery. Exposure across launch systems, space propulsion, and defense broadens Avio's demand base and creates opportunities to benefit from sustained European and U.S. aerospace investment.
Bears Say
Thin And Compressed Margins
Revenue growth has not yet translated into strong profitability, as gross and EBITDA margins have compressed and net margin remains thin. This leaves less room to absorb execution problems, cost inflation, or program delays, while limiting the cash available for reinvestment and shareholder returns.
Supply-chain Execution Risk
Avio's ability to convert its backlog into revenue depends on a broad supplier network meeting timing and quality requirements during a rapid industry ramp-up. Delays or supplier underperformance could disrupt launch schedules, require additional investment or vertical integration, and pressure margins.
Expansion Investment Weighs On Earnings
The U.S. buildout is strategically important but creates a multi-year earnings burden before the new capabilities are expected to generate profits in late 2028 or early 2029. Continued investment and capacity work could therefore restrain reported margins and returns over the next several quarters.
Avio S.p.A. News
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Company Description
Avio S.p.A.
Avio S.p.A., together with its subsidiaries, specializes in the design, development, and manufacturing of advanced propellant propulsion systems for space launch vehicles, catering to both domestic Italian and international markets. Its operations further encompass the engineering and production of solid propellant systems for tactical missiles, alongside the development, integration, and delivery of light space launchers. The company also invests heavily in researching and evolving propulsion systems with reduced environmental impact, as well as crafting motors for satellite tracking and control. Supplementary products provided by Avio include propulsion boosters, liquid oxygen turbopumps, and sophisticated aerodynamic control surfaces. Its portfolio notably features space launchers branded as VEGA and ARIANE. Established in 1984, Avio S.p.A. maintains its corporate headquarters in Rome, Italy.
- Sector
- General
- Industry
- Aerospace & Defense
- CEO
- Giulio Ranzo
- Employees
- 1,643
- Website
- www.avio.com
- Address
- SP 600 Ariana km 5,2, Colleferro, RM, 00034, IT
Avio S.p.A. (2ZP) Earnings & Revenues
2ZP Earnings Call
Earnings Call SentimentPositive
The call was strongly positive, driven by approximately 20% annual growth over four consecutive years, 18% first-half revenue growth, improved profitability, a backlog above EUR 2 billion, successful launch milestones, rising defense and launch demand, and substantial funding for expansion. The company also acknowledged execution challenges involving supply-chain readiness, uncertain defense-order timing, planned investment, and a EUR 60 million first-half reduction in net financial position, but confirmed 2026 guidance and remained on track with its strategic plans.
View all DE:2ZP earnings summaries2ZP Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 12 | 3 | 7 |
| Technical Analysis | 3 | 3 | 4 |
| Moving Averages | 9 | 0 | 3 |