Avio S.p.A. stock analysis
Avio S.p.A. (0R9S) Share Price & Analysis
0R9S Stock Chart & Stats
- Day’s Range
- EUR 30.51 - EUR 32.62
- 52-Week Range
- EUR 23.30 - EUR 44.86
- Previous Close
- EUR 32.17
- Volume
- N/A
- Average Volume (3M)
- 42.75K
- Market Cap
- EUR 1.60B
- Enterprise Value
- EUR 1.08B
- Total Cash (Recent Filing)
- EUR 545.47M
- Total Debt (Recent Filing)
- EUR 9.74M
- Price to Earnings (P/E)
- 55.8
- Beta
- 1.08
- Next Earnings
- Mar 15, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- May 18, 2026
- Dividend Yield
- 0.46%
Bulls Say, Bears Say
Bulls Say
Sustained Growth And Backlog
Sustained growth across four years and a backlog above EUR 2 billion indicate durable demand for Avio’s propulsion and launch-system activities. This provides meaningful forward revenue visibility and supports continued production, investment, and operating-scale benefits over the next several quarters.
Strong Balance Sheet And Cash Generation
Minimal leverage gives Avio substantial financial flexibility while strong 2025 operating and free cash flow demonstrate improved internal funding capacity. Together, these factors can support expansion and absorb program investment without relying heavily on additional borrowing.
Expansion Of U.S. Manufacturing Capacity
The Virginia buildout creates a tangible platform for serving U.S. defense customers locally and transferring production closer to future programs. Completed land, leadership, and design milestones reduce early execution uncertainty and could broaden Avio’s addressable market over time.
Bears Say
Thin And Compressed Profitability
Margin compression means revenue growth is not yet translating proportionally into operating earnings, limiting the quality and resilience of profit expansion. Thin net margins also leave less room for cost overruns, execution setbacks, or additional investment to affect shareholder returns.
Supply-chain Execution Risk
Avio’s growth plans depend on coordinated supplier delivery across complex propulsion and defense programs. Persistent readiness or quality issues could delay production, require supplier investment or vertical integration, and prevent the company from converting strong demand into timely revenue and margin.
U.S. Expansion Weighs On Near-term Earnings
The U.S. expansion is consuming a meaningful portion of current EBITDA before management expects those capabilities to generate profits in late 2028 or early 2029. This creates a prolonged near-term drag on reported profitability and raises execution importance around the buildout.
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. (0R9S) Earnings & Revenues
0R9S 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 GB:0R9S earnings summaries0R9S Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 5 | 3 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 11 | 0 | 1 |







