Full history for every metric is available with a Kvantra account
Key financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | €bn | 13 | 14 | 15 | 15 | 18 | 20 | 21 | 22 |
| Operating profit | €bn | 1 | 1 | ||||||
| Net profit | €bn | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS reported | € | 2.12 | 1.95 | ||||||
| Operating cashflow per share | € | 3.46 | 3.92 | ||||||
| Capex per share | € | 1.76 | 1.96 | ||||||
| FCF per share | € | 1.69 | 1.97 | ||||||
| Free cash flow | €bn | 1 | 1 | ||||||
| Net debt | €bn | 1 | 3 | ||||||
| Book value equity | €bn | 10 | 10 | ||||||
| Book value per share | € | 16.58 | 16.76 | ||||||
| Number of shares | m | 576.77 | 577.09 | ||||||
| DPS (TTM paid) | € | 0.63 | 0.63 |
Financial summary
Financials in EUR| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 23.19 | - | ||||||
| P/B LTM | x | 2.97 | 2.83 | ||||||
| P/S LTM | x | 1.45 | 1.33 | ||||||
| P/FCF LTM | x | 29.02 | 24.09 | ||||||
| EV/EBITDA LTM | x | 11.80 | 12.79 | ||||||
| EV/Sales LTM | x | 1.52 | 1.47 | ||||||
| Earnings Yield LTM | % | 4.31% | 4.12% | ||||||
| FCF Yield | % | 3.45% | 4.15% | ||||||
| Quality | |||||||||
| ROE | % | 12.80% | 11.71% | ||||||
| ROIC | % | 5.72% | 6.19% | ||||||
| Operating margin | % | 6.36% | 6.94% | ||||||
| Gross margin | % | 8.84% | 8.87% | ||||||
| FCF/Sales | % | 5.01% | 5.51% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +13.37% | +7.14% | ||||||
| Sales Growth YoY | % | +9.80% | +10.11% | ||||||
| Net Income Growth YoY | % | +13.97% | +7.34% | ||||||
| FCF Growth | % | +51.24% | +27.96% | ||||||
| Operating Profit Growth | % | +7.92% | +22.26% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 1.06% | 1.33% | ||||||
| Dividend Growth | % | +21.15% | +21.15% | ||||||
| Payout Ratio | % | 24.53% | 24.51% | ||||||
| FCF/Debt | x | 0.22 | 0.25 | ||||||
| Net Debt/EBITDA | x | 0.50 | 1.49 | ||||||
| EBIT/Net interest | x | 6.14 | 7.36 | ||||||
| Net debt/market cap | % | 2.27% | 10.62% | ||||||
| Net debt/Equity | x | 0.07 | 0.30 | ||||||
| Gross debt/equity | x | 0.47 | 0.47 | ||||||
ETFs that hold Leonardo
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| VanEck Defense UCITS ETF | DFEN.DE | 6 | 5.72% |
| WisdomTree Europe Defence UCITS ETF - EUR Acc | WDEF.L | 8 | 6.46% |
| iShares MSCI Italy ETF | EWI | 10 | 3.49% |
| Select STOXX Europe Aerospace & Defense ETF | EUAD | 7 | 3.67% |
| iShares MSCI EMU Mid Cap UCITS ETF EUR | EMUM.L | 9 | 1.73% |
| Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- | DEFS.L | 8 | 8.68% |
| Global X European Infrastructure Development UCITS ETF Accum Shs EUR | BRIJ.L | 6 | 5.38% |
| Amundi Index Solutions - Italy MIB ESG UCITS ETF DR | FMI.PA | 10 | 3.56% |
| HANetf ICAV - Future of European Defence Screened UCITS ETF AccumEUR | ARMY.L | 5 | 9.58% |
| WisdomTree Europe Defense Fund | WDEF | 5 | 5.30% |
Funds with Leonardo among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
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.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| VanEck Defense UCITS ETF | DFEN.DE | 6 | 5.72% |
| WisdomTree Europe Defence UCITS ETF - EUR Acc | WDEF.L | 8 | 6.46% |
| iShares MSCI Italy ETF | EWI | 10 | 3.49% |
| Select STOXX Europe Aerospace & Defense ETF | EUAD | 7 | 3.67% |
| iShares MSCI EMU Mid Cap UCITS ETF EUR | EMUM.L | 9 | 1.73% |
| Amundi Stoxx Europe Defense Capitalisation -UCITS ETF Acc- | DEFS.L | 8 | 8.68% |
| Global X European Infrastructure Development UCITS ETF Accum Shs EUR | BRIJ.L | 6 | 5.38% |
| Amundi Index Solutions - Italy MIB ESG UCITS ETF DR | FMI.PA | 10 | 3.56% |
| HANetf ICAV - Future of European Defence Screened UCITS ETF AccumEUR | ARMY.L | 5 | 9.58% |
| WisdomTree Europe Defense Fund | WDEF | 5 | 5.30% |
Funds with Leonardo among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
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.
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