Leonardo Spa stock analysis
Leonardo Spa (FMNB) Stock Price & Analysis
FMNB Stock Chart & Stats
- Day’s Range
- EUR 50.19 - EUR 52.09
- 52-Week Range
- EUR 44.40 - EUR 66.04
- Previous Close
- EUR 51.54
- Volume
- N/A
- Average Volume (3M)
- 2,650
- Market Cap
- EUR 29.64B
- Enterprise Value
- EUR 31.80B
- Total Cash (Recent Filing)
- EUR 986.00M
- Total Debt (Recent Filing)
- EUR 4.51B
- Price to Earnings (P/E)
- 41.8
- Beta
- 1.40
- Next Earnings
- Mar 03, 2027 (Est.)
- EPS Estimate
- 1.12
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 1.25%
Bulls Say, Bears Say
Bulls Say
Revenue And Profit Growth
Strong revenue expansion alongside a materially higher net profit margin indicates improving earnings power and operating execution. If maintained, the combination can support reinvestment, strengthen Leonardo’s position across its aerospace and defense activities, and provide a more durable base for future growth.
Deleveraging And Improving Returns
The substantial reduction in debt relative to equity improves financial resilience and reduces balance-sheet pressure compared with prior years. Improving ROE also suggests that the capital base is being used more effectively, supporting greater flexibility for investment and long-cycle contract opportunities.
Improving Operating Cash Flow
Higher operating cash flow and positive free cash flow indicate that Leonardo is converting its expanding business into meaningful internal funding. This supports investment, debt servicing, and customer support activities while reducing reliance on external financing to sustain operations and growth.
Bears Say
Sizable Absolute Debt
Although leverage has improved, the remaining debt balance is still material and leaves Leonardo exposed to financing costs and profitability volatility. A weaker earnings period could reduce financial flexibility, constrain discretionary investment, and make balance-sheet improvement more dependent on continued operating performance.
Incomplete Cash Conversion
Positive free cash flow is encouraging, but converting only about half of reported net income into free cash limits the cash available for debt reduction, investment, and shareholder returns. Historical volatility also makes internally generated funding less predictable across the business cycle.
Thin Gross Margin
A relatively thin and stagnant gross margin limits the benefit Leonardo can capture from higher revenue and reduces operating leverage as scale increases. This leaves less buffer to absorb cost pressure or contract execution variability, making sustained profit improvement more dependent on disciplined operations.
Leonardo Spa News
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Company Description
Leonardo Spa
Leonardo S.p.A. is a prominent industrial and technology firm with operations spanning Italy, the United Kingdom, the rest of Europe, the United States, and other international markets. The company's core activities are centered around helicopters, defense electronics and security systems, aeronautics, and space. Within its helicopter division, Leonardo designs and manufactures a diverse fleet for various applications, including military battlefield and combat roles, maritime operations, pilot training, executive and private transportation, medical and rescue missions, security, energy sector support, and general utility services. This is further enhanced by comprehensive support and training offerings. The aeronautics segment develops a range of aircraft, such as trainers, fighter jets, multi-mission transport planes, and multi-mission surveillance aircraft. In the realm of defense electronics and security, the company delivers sophisticated command and control systems, radar and sensor technologies, optronics, advanced communication systems, electronic warfare capabilities, avionics, air traffic management solutions, and integrated defense systems. It also specializes in cybersecurity and resilience, critical communication infrastructure, digitalization initiatives, and monitoring services. For the space industry, Leonardo provides geoinformation services, satellite communication technologies, ground support systems, navigation solutions, and satellite operational expertise. Its advanced offerings include interplanetary probes, orbiting modules, robotics and drilling equipment, electro-optics, laser transmitters, atomic clocks, photovoltaic panels, power distributors and amplifiers, attitude sensors, and orbital micropropulsion systems. Furthermore, Leonardo is involved in the manufacturing and assembly of crucial structural components, both composite and metallic, for commercial and military aircraft, helicopters, and unmanned aerial vehicles. The company also offers automation solutions for significant logistical operations, such as airport baggage handling systems, mail sorting centers, and courier logistics hubs. Established in 1948 and based in Rome, Italy, the company was previously known as Leonardo - Finmeccanica S.p.a. before officially changing its name to Leonardo S.p.a. in January 2017.
- Sector
- General
- Industry
- Aerospace & Defense
- CEO
- Roberto Cingolani
- Employees
- 66,510
- Website
- www.leonardo.com
- Address
- Piazza Monte Grappa n. 4, Rome, RM, 00195, IT
Leonardo Spa (FMNB) Earnings & Revenues
FMNB Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 6 | 6 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 7 | 0 | 5 |
