Enav SpA (ENAV) AI Stock Analysis

• Market Cap: €2.48B
• Dividend Yield: 6.06%
• Average Volume (3M): 758.59K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.51
• Revenue Growth: -0.32%
• EPS Growth: -6.45%
• Country: IT
• Employees: 4,354
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.07
• Shares Outstanding: 541,744,400
• 10 Day Avg. Volume: 725,062
• 30 Day Avg. Volume: 758,585
• PEG Ratio: 1.84
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 2.21
• P/FCF Ratio: 13.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €4.70
• Price Target Upside: 5.38% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: €5.00 ▲(12.11% Upside)

Enav SpA's overall stock score reflects its stable financial performance and attractive dividend yield, offset by technical indicators suggesting the stock may be overbought. The lack of recent earnings call data and corporate events means these factors do not influence the score.

Enav SpA Business Overview & Revenue Model

Company Description

ENAV S.p.A. provides air traffic control and management, and other air navigation services in Italy, the rest of Europe, and internationally. It operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions. The company also offers technical management and maintenance services for air traffic control equipment and systems, as well as for air infrastructure; and develops software solutions for the management of aeronautical information and air traffic, as well as provides related commercial and maintenance services. In addition, it offers air traffic flow management, communication navigation and surveillance, digital aeronautical management, and flight procedure design and validation solutions. Further, the company provides flight inspection, aeronautical consulting, technical and engineering services, meteorology, and training and other services, as well as maintenance services for software solutions, as well as sells software licenses. It serves air navigation service providers, airport authorities, aeronautical agencies, and government and private entities. ENAV S.p.A. was founded in 2001 and is based in Rome, Italy.

How the Company Makes Money

ENAV generates revenue primarily through the provision of air navigation services to airlines, airports, and other aviation stakeholders. The company earns fees based on the flights it manages, which are calculated using a combination of factors including the airspace used and the distance flown. Additionally, ENAV derives income from contracts for the delivery of technology and systems aimed at improving air traffic management, which can include software solutions, training programs, and consulting services. Significant partnerships with national and international aviation organizations further bolster its revenue streams, allowing ENAV to participate in various projects and initiatives related to air traffic safety and efficiency.

Enav SpA Financial Statement Overview

Summary

Enav SpA demonstrates a stable financial position with strong profitability and cash flow generation. Despite a recent decline in revenue, the company maintains healthy margins and a solid balance sheet. Continued focus on revenue growth and cash flow management will be crucial for future stability and growth.

Income Statement

Enav SpA's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 16%, which is concerning. However, the company maintains a healthy gross profit margin of 40.14% and a net profit margin of 11.16%, reflecting good profitability. The EBIT and EBITDA margins are also stable, though slightly below the previous year's levels.

Balance Sheet

The balance sheet of Enav SpA is relatively strong, with a debt-to-equity ratio of 0.54, indicating moderate leverage. The return on equity is 9.37%, showing efficient use of equity capital. The equity ratio stands at 47.95%, suggesting a solid equity base compared to total assets.

Cash Flow

Enav SpA's cash flow statement is positive, with a 16.32% growth in free cash flow, indicating improved cash generation. The operating cash flow to net income ratio is 0.47, and the free cash flow to net income ratio is 0.72, both suggesting a good conversion of income into cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	984.99M	999.75M	964.01M	907.36M	800.22M	736.70M
Gross Profit	395.39M	412.88M	402.00M	136.01M	83.48M	66.01M
EBITDA	177.18M	336.25M	311.50M	283.49M	213.41M	209.35M
Net Income	109.92M	125.83M	112.92M	105.00M	78.37M	54.28M
Balance Sheet
Total Assets	2.27B	2.37B	2.34B	2.42B	2.36B	2.19B
Cash, Cash Equivalents and Short-Term Investments	253.76M	356.82M	224.88M	267.73M	225.31M	325.89M
Total Debt	588.27M	589.66M	528.08M	601.33M	667.43M	552.61M
Total Liabilities	1.18B	1.14B	1.12B	1.21B	1.19B	1.11B
Stockholders Equity	1.09B	1.23B	1.22B	1.21B	1.16B	1.08B
Cash Flow
Free Cash Flow	258.75M	158.84M	100.14M	139.13M	-242.78M	-264.55M
Operating Cash Flow	360.46M	277.89M	210.62M	236.90M	-157.15M	-173.06M
Investing Cash Flow	-108.13M	-78.76M	-71.60M	-70.17M	-59.89M	-52.25M
Financing Cash Flow	-167.04M	-62.83M	-181.76M	-124.51M	124.68M	92.34M

Enav SpA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ENAV, the sentiment is Positive. The current price of 4.46 is below the 20-day moving average (MA) of 4.51, above the 50-day MA of 4.38, and above the 200-day MA of 3.85, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 62.16 is Neutral, neither overbought nor oversold. The STOCH value of 58.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ENAV.

Enav SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TYA	78 Outperform	€333.15M	19.34	―	2.01%	10.96%	3.27%
ENAV	65 Neutral	€2.48B	22.56	9.96%	6.06%	-0.32%	-6.45%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Enav SpA Corporate Events

ENAV Group Secures Contract for Digital Control Tower in Malaysia

ENAV Group, through its subsidiary Techno Sky, has secured a contract to supply and activate a Remote Digital and Virtual Tower (RDVT) system at Senai Airport in Malaysia. This project, awarded to Prime contractor Novatis, highlights ENAV’s leadership in digital air traffic management and its strategic expansion into the Far East market. The digital tower will replace the traditional control tower, offering improved operational efficiency and safety with a 270-degree view extendable to 360 degrees. The project is set to begin by the end of 2025 and involves collaboration with strategic subcontractors to ensure seamless integration and training.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.85 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

Ena S.p.A. Sees Stabilization Amidst Strategic Reorganization in 2025

Ena S.p.A. reported a decrease in consolidated production and EBITDA for the first half of 2025, attributed to the end of tax bonuses and liquidation of non-performing companies. Despite these challenges, the company shows signs of stabilization with increased liquidity and net equity, and positive operating results from subsidiaries, indicating a strategic reorganization and integration with new industrial partners.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.85 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.