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Leonardo Spa (DE:FMNB)
XETRA:FMNB

Leonardo Spa (FMNB) Price & Analysis

41 Followers

FMNB Stock Chart & Stats

€52.05
-€1.45(-2.71%)
At close: 4:00 PM EDT
€52.05
-€1.45(-2.71%)

Bulls Say, Bears Say

Bulls Say
Sustained Revenue GrowthRevenue expansion across 2023–2025 reflects durable demand for Leonardo’s platforms, electronics and services. Combined with long-term program deliveries and recurring aftermarket/service streams, this growth trend supports multiyear top-line visibility and lowers cyclicality risks.
Improving ProfitabilityRising net and consistent EBIT margins indicate improving operational leverage and cost control. Sustained mid-single-digit net margins plus healthy EBIT suggest the company is converting scale into lasting profitability rather than one-off gains, supporting cash generation over the medium term.
Balance-Sheet DeleveragingMaterial reduction in leverage and improving returns on equity enhance financial flexibility and reduce refinancing risk. Lower relative debt and stronger equity cushions support investment in programs and make the company more resilient to profit or funding shocks over the next several quarters.
Bears Say
Weak FCF ConversionAlthough operating cash flow and FCF improved to €2.0B and ~€1.0B respectively, free cash flow converting only half of net income and prior volatility limit discretionary capacity for buybacks, large dividends or rapid deleveraging, constraining durability of returns.
Thin Gross MarginsA structurally low gross margin (~8%) restricts operating leverage and exposes profitability to cost inflation or pricing pressure. With limited headroom in gross profit, upside from scale is constrained and earnings remain sensitive to program mix and input-cost swings.
Material Absolute DebtDespite improved leverage ratios, a €4.5B absolute debt stock keeps exposure to interest-cost increases and refinancing cycles. If profitability or cash flows weaken, servicing this level of debt could pressure flexibility and capital allocation choices over the medium term.

Leonardo Spa News

FMNB FAQ

What was Leonardo Spa’s price range in the past 12 months?
Leonardo Spa lowest stock price was €42.50 and its highest was €66.04 in the past 12 months.
    What is Leonardo Spa’s market cap?
    Leonardo Spa’s market cap is €31.70B.
      When is Leonardo Spa’s upcoming earnings report date?
      Leonardo Spa’s upcoming earnings report date is Nov 05, 2026 which is in 94 days.
        How were Leonardo Spa’s earnings last quarter?
        Leonardo Spa released its earnings results on Jul 31, 2026. The company reported €0.44 earnings per share for the quarter, missing the consensus estimate of €0.453 by -€0.013.
          Is Leonardo Spa overvalued?
          According to Wall Street analysts Leonardo Spa’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Leonardo Spa pay dividends?
            Leonardo Spa does not currently pay dividends.
            What is Leonardo Spa’s EPS estimate?
            Leonardo Spa’s EPS estimate is 0.48.
              How many shares outstanding does Leonardo Spa have?
              Leonardo Spa has 578,150,400 shares outstanding.
                What happened to Leonardo Spa’s price movement after its last earnings report?
                Leonardo Spa reported an EPS of €0.44 in its last earnings report, missing expectations of €0.453. Following the earnings report the stock price went up 1.463%.
                  Which hedge fund is a major shareholder of Leonardo Spa?
                  Currently, no hedge funds are holding shares in DE:FMNB
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    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.

                    Leonardo Spa (FMNB) Earnings & Revenues

                    FMNB Stock 12 Month Forecast

                    Average Price Target

                    €72.40
                    ▲(39.10% Upside)
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