Valuation Leonardo S.p.A.

Equities

Market Closed - Borsa Italiana Other stock markets 16:45:00 12/12/2025 GMT			After hours 18:46:56
48.18 ^EUR	+1.13%		48.18	-0.01%

07:30am	European markets are expected to rise	AN
12-11	Cucinelli Leads Milan Stock Exchange as European Markets Rebound After Fed Decision	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	3,398	3,624	4,637	8,592	14,918	27,461	-	-
Change	-	6.63%	27.97%	85.3%	73.62%	84.09%	-	-
Enterprise Value (EV) ¹	6,716	6,746	4,637	10,915	16,713	28,558	27,866	26,963
Change	-	0.44%	-31.26%	135.4%	53.11%	70.88%	-2.42%	-3.24%
P/E ratio	14.1x	6.18x	5x	13.1x	13.9x	24.7x	21.4x	18.5x
PBR	0.65x	0.56x	-	1.1x	1.66x	2.83x	2.58x	2.35x
PEG	-	0x	0.1x	-0.5x	0.2x	6.73x	1.4x	1.2x
Capitalization / Revenue	0.25x	0.26x	0.32x	0.56x	0.84x	1.43x	1.32x	1.23x
EV / Revenue	0.5x	0.48x	0.32x	0.71x	0.94x	1.49x	1.34x	1.21x
EV / EBITDA	4.61x	4.15x	2.63x	5.8x	7.53x	11.9x	10.1x	8.8x
EV / EBIT	7.16x	6.01x	3.81x	8.47x	11x	16.7x	13.7x	11.6x
EV / FCF	168x	32.3x	-	17.2x	20.2x	29.7x	25.4x	21x
FCF Yield	0.6%	3.1%	-	5.82%	4.94%	3.36%	3.93%	4.75%
Dividend per Share ²	0.14	0.14	-	0.28	0.28	0.5583	0.6334	0.7038
Rate of return	2.37%	2.22%	-	1.87%	1.08%	1.17%	1.33%	1.48%
EPS ²	0.419	1.019	1.611	1.144	1.862	1.93	2.228	2.577
Distribution rate	33.4%	13.7%	-	24.5%	15%	28.9%	28.4%	27.3%
Net sales ¹	13,410	14,135	14,713	15,291	17,763	19,159	20,827	22,354
EBITDA ¹	1,458	1,626	1,763	1,883	2,219	2,392	2,756	3,063
EBIT ¹	938	1,123	1,218	1,289	1,525	1,713	2,037	2,328
Net income ¹	241	585	927	658	1,074	1,154	1,299	1,508
Net Debt ¹	3,318	3,122	-	2,323	1,795	1,097	405	-498.9
Reference price ²	5.91	6.30	8.06	14.94	25.93	47.64	47.64	47.64
Nbr of stocks (in thousands)	575,008	575,174	575,307	575,307	575,307	576,437	-	-
Announcement Date	09/03/21	10/03/22	10/03/23	29/02/24	11/03/25	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
LEONARDO S.P.A.	24.68x	1.49x	11.94x	1.17%	32.28B
GE AEROSPACE	40.09x	7.47x	30.72x	0.48%	304B
RTX CORPORATION	35.65x	3.1x	18.5x	1.47%	238B
ROLLS-ROYCE HOLDINGS PLC	18.85x	4.6x	21.87x	0.81%	124B
GENERAL DYNAMICS CORPORATION	22.19x	1.88x	15.56x	1.75%	92.1B
RHEINMETALL AG	59.04x	5.96x	29.99x	0.71%	86.42B
NORTHROP GRUMMAN CORPORATION	21.5x	2.18x	15.42x	1.54%	79.93B
BAE SYSTEMS PLC	23.91x	1.85x	13.36x	2.12%	67.58B
L3HARRIS TECHNOLOGIES, INC.	30.49x	2.94x	16.29x	1.66%	54.22B
AXON ENTERPRISE, INC.	392.31x	16.57x	66.23x	-.--%	45.85B
Average	66.87x	4.80x	23.99x	1.17%	112.4B
Weighted average by Cap.	47.97x	4.92x	23.94x	1.08%