Valuation Leonardo S.p.A.

Equities

Real-time Borsa Italiana Other stock markets 10:21:52 17/04/2026 BST			5-day change	1st Jan Change
58.85 ^EUR	+1.50%		+4.51%	+19.71%

10:14am	Indra and Leonardo's IDV sign strategic deal for marine infantry combat vehicle	RE
08:57am	Mib holds above 48,300; Middle East remains in focus	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	3,624	4,637	8,592	14,918	28,338	33,451	-	-
Change	-	27.97%	85.3%	73.62%	89.96%	18.05%	-	-
Enterprise Value (EV) ¹	6,746	4,637	10,915	16,713	29,339	34,077	33,050	32,018
Change	-	-31.26%	135.4%	53.11%	75.55%	16.15%	-3.02%	-3.12%
P/E ratio	6.18x	5x	13.1x	13.9x	23.2x	26.8x	21.8x	18.1x
PBR	0.56x	-	1.1x	1.66x	2.97x	3.21x	2.92x	2.59x
PEG	-	0.1x	-0.5x	0.2x	1.7x	12.59x	1x	0.9x
Capitalization / Revenue	0.26x	0.32x	0.56x	0.84x	1.45x	1.57x	1.43x	1.3x
EV / Revenue	0.48x	0.32x	0.71x	0.94x	1.5x	1.6x	1.42x	1.25x
EV / EBITDA	4.15x	2.63x	5.8x	7.53x	12.1x	12.3x	10.6x	9.12x
EV / EBIT	6.01x	3.81x	8.47x	11x	16.7x	16.7x	14x	11.6x
EV / FCF	32.3x	-	17.2x	20.2x	29x	31.3x	26x	20.6x
FCF Yield	3.1%	-	5.82%	4.94%	3.45%	3.2%	3.84%	4.84%
Dividend per Share ²	0.14	-	0.28	0.28	0.52	0.6904	0.8042	0.8979
Rate of return	2.22%	-	1.87%	1.08%	1.06%	1.19%	1.39%	1.55%
EPS ²	1.019	1.611	1.144	1.862	2.122	2.167	2.662	3.204
Distribution rate	13.7%	-	24.5%	15%	24.5%	31.9%	30.2%	28%
Net sales ¹	14,135	14,713	15,291	17,763	19,503	21,349	23,354	25,711
EBITDA ¹	1,626	1,763	1,883	2,219	2,429	2,761	3,119	3,512
EBIT ¹	1,123	1,218	1,289	1,525	1,752	2,038	2,365	2,756
Net income ¹	585	927	658	1,074	1,224	1,241	1,526	1,818
Net Debt ¹	3,122	-	2,323	1,795	1,001	626.1	-401.4	-1,433
Reference price ²	6.30	8.06	14.94	25.93	49.16	57.98	57.98	57.98
Nbr of stocks (in thousands)	575,174	575,307	575,307	575,307	576,437	576,944	-	-
Announcement Date	10/03/22	10/03/23	29/02/24	11/03/25	12/03/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
LEONARDO S.P.A.	26.75x	1.6x	12.34x	1.19%	39.39B
GE AEROSPACE	35.73x	6.63x	27.62x	0.59%	312B
RTX CORPORATION	34.66x	3.11x	18.46x	1.48%	264B
ROLLS-ROYCE HOLDINGS PLC	33.71x	4.47x	20.42x	0.98%	140B
NORTHROP GRUMMAN CORPORATION	24.04x	2.39x	16.89x	1.45%	95.56B
GENERAL DYNAMICS CORPORATION	20.55x	1.72x	14.16x	1.89%	90.58B
BAE SYSTEMS PLC	28.33x	2.15x	15.38x	1.78%	89.6B
RHEINMETALL AG	41.49x	4.76x	20.84x	1.06%	81.8B
L3HARRIS TECHNOLOGIES, INC.	30.71x	3.15x	17.27x	1.41%	66.01B
HANWHA AEROSPACE CO., LTD.	33.92x	2.74x	15.82x	0.36%	52.84B
Average	30.99x	3.27x	17.92x	1.22%	123.12B
Weighted average by Cap.	32.46x	3.98x	20.12x	1.16%