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ENAV S.p.A. (ENAV.MI)

EUR5.10 +0.02 (+0.39%)
IT MIL Industrials Airlines, Airports & Air Services
Address Via Salaria 716 138
Rome, RM, IT
CEO Pasqualino Monti
Website enav.it
IPO 2016-07-26
ISIN IT0005176406

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Description

Established in 2001 and headquartered in Rome, Italy, ENAV S.p.A. specializes in critical air traffic management and navigation services. The company operates across Italy, throughout Europe, and on an international scale. Its operations are organized into three primary divisions: Air Navigation Services, Maintenance Services, and AIM Software Solutions. In addition to core air traffic control, ENAV provides technical oversight and upkeep for air traffic control equipment, systems, and aviation infrastructure. It also develops advanced software solutions for aeronautical information and air traffic management, offering both sales and maintenance support. The company further delivers specialized solutions for optimizing air traffic flow, managing communication, navigation, and surveillance systems, handling digital aeronautical data, and the crucial design and validation of flight procedures. ENAV's extensive service catalog encompasses flight inspection, aeronautical consulting, engineering and technical assistance, meteorology, and various training initiatives. It also offers software maintenance and license sales. ENAV's client base includes air navigation service providers, airport authorities, aeronautical agencies, and both government and private entities.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR5.10 +0.02 (+0.39%)
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Volume Profile
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Liquidity & share structure
Average Volume
702.9K
Beta
0.60
Float Shares
241.30M
Free Float %
44.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +6.76% +1.96% -5.96% +14.00% +11.09% +26.15% +27.70% +36.75% +42.74% +42.74%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5.10
DCF (Unlevered) 4.01 -21.3%
DCF (Levered) 2.40 -53.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 43% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.56
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Airlines, Airports & Air Services: +6.5%
    -1.7% Q1'26: +8.6% (vs Q1'25)
  • ✗
    EPS growth Airlines, Airports & Air Services: +12.5%
    -26.1% Q1'26: +22.2% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +16.1% ★ Q1'26: +99.9% (vs Q1'25)
  • ✗
    EBIT margin Airlines, Airports & Air Services: +10.3%
    +14.3% ★ Q1'26: -7.6% (vs Q1'25)
  • ✗
    ROIC Airlines, Airports & Air Services: +6.0%
    +7.6% ★ Q1'26: -4.4% (vs Q1'25)
  • ✓
    Share dilution Airlines, Airports & Air Services: +0.0%
    0.0% ★ Q1'26: -0.2% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    2.32× ★ Q1'26: -10.09× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.59) × ERP
WACC = 83% × Ke + 17% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 3.98 Current price: 5.10
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
4 Rev. Ana.
4 EPS Ana. 		Dec 2027
5 Rev. Ana.
5 EPS Ana. 		Dec 2028
4 Rev. Ana.
4 EPS Ana. 		Dec 2029
3 Rev. Ana.
2 EPS Ana.
Revenue
825.71M
est: 863.99M (-4.4%)
848.80M
est: 879.93M (-3.5%)
849.17M
est: 889.31M (-4.5%)
867.60M
est: 920.84M (-5.8%)
736.70M
est: 774.44M (-4.9%)
800.22M
est: 811.14M (-1.3%)
907.36M
est: 941.40M (-3.6%)
964.01M
est: 989.31M (-2.6%)
999.75M
est: 1.04B (-3.8%)
982.71M
est: 1.01B (-3.1%)
1.07B
1.06B – 1.09B
+5.7% YoY
1.11B
1.09B – 1.14B
+4.0% YoY
1.17B
1.16B – 1.17B
+4.6% YoY
1.21B
1.19B – 1.23B
+4.0% YoY
EBITDA
241.49M
est: 268.62M (-10.1%)
275.18M
est: 273.58M (+0.6%)
305.61M
est: 276.49M (+10.5%)
311.53M
est: 286.30M (+8.8%)
209.35M
est: 240.78M (-13.1%)
238.83M
est: 252.19M (-5.3%)
283.49M
est: 292.69M (-3.1%)
311.50M
est: 301.68M (+3.3%)
336.25M
est: 316.90M (+6.1%)
249.92M
est: 309.33M (-19.2%)
326.85M
322.70M – 331.44M
+5.7% YoY
339.87M
332.78M – 347.32M
+4.0% YoY
355.48M
354.41M – 356.56M
+4.6% YoY
369.78M
363.55M – 376.46M
+4.0% YoY
EBIT
121.43M
est: 138.44M (-12.3%)
150.21M
est: 141.00M (+6.5%)
167.78M
est: 142.50M (+17.7%)
172.05M
est: 147.55M (+16.6%)
71.28M
est: 124.09M (-42.6%)
109.58M
est: 129.97M (-15.7%)
157.13M
est: 150.85M (+4.2%)
183.03M
est: 163.76M (+11.8%)
204.41M
est: 172.03M (+18.8%)
140.66M
est: 167.92M (-16.2%)
177.43M
175.18M – 179.92M
+5.7% YoY
184.50M
180.65M – 188.54M
+4.0% YoY
192.97M
192.39M – 193.56M
+4.6% YoY
200.73M
197.35M – 204.36M
+4.0% YoY
Net Income
76.35M
est: 72.77M (+4.9%)
101.50M
est: 96.32M (+5.4%)
114.39M
est: 111.60M (+2.5%)
118.43M
est: 115.53M (+2.5%)
54.28M
est: 56.26M (-3.5%)
78.37M
est: 59.64M (+31.4%)
105.00M
est: 106.40M (-1.3%)
112.92M
est: 122.46M (-7.8%)
125.83M
est: 124.66M (+0.9%)
93.06M
est: 86.27M (+7.9%)
103.27M
94.40M – 116.11M
+19.7% YoY
114.55M
109.54M – 149.86M
+10.9% YoY
142.40M
135.16M – 167.25M
+24.3% YoY
186.87M
182.78M – 191.26M
+31.2% YoY
SGA
128.75M
est: 93.31M (+38.0%)
126.42M
est: 95.03M (+33.0%)
118.20M
est: 96.04M (+23.1%)
108.98M
est: 99.45M (+9.6%)
110.84M
est: 83.64M (+32.5%)
116.60M
est: 87.60M (+33.1%)
131.41M
est: 101.67M (+29.3%)
48.70M
est: 86.88M (-43.9%)
48.46M
est: 91.27M (-46.9%)
48.73M
est: 89.09M (-45.3%)
94.13M
92.94M – 95.46M
+5.7% YoY
97.89M
95.84M – 100.03M
+4.0% YoY
102.38M
102.07M – 102.69M
+4.6% YoY
106.50M
104.70M – 108.42M
+4.0% YoY
EPS
0.11
est: 0.13 (-18.1%)
0.19
est: 0.18 (+6.9%)
0.21
est: 0.21 (+1.9%)
0.22
est: 0.21 (+3.2%)
0.10
est: 0.10 (-3.7%)
0.14
est: 0.11 (+27.2%)
0.19
est: 0.20 (-4.4%)
0.21
est: 0.23 (-7.0%)
0.23
est: 0.23 (+0.0%)
0.17
est: 0.16 (+6.8%)
0.19
0.17 – 0.21
+21.3% YoY
0.23
0.20 – 0.28
+18.8% YoY
0.28
0.25 – 0.31
+23.8% YoY
0.35
0.34 – 0.35
+21.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-20 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-19 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-18 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-15 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-14 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-13 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-12 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-11 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-08 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-07 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-06 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-05 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-04 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-30 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-29 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 B+ 3/5 3/5 4/5 5/5 1/5 3/5 3/5
2026-04-24 B+ 3/5 3/5 4/5 5/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 3/5 4/5 5/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 3/5 4/5 5/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 3/5 4/5 5/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 3/5 4/5 5/5 1/5 3/5 3/5
2026-04-17 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
327.43M
OE per share TTM
0.60
Owner's Yield
11.63%
Maintenance CapEx ratio
272.00%
Maint CapEx / Avg PPE
97.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 92 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 TD Active Global Infrastructure Equity ETF TINF.TO 0.95% 2.99M 0.73%
2 Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF Dist MMS.PA 0.83% 5.87M 0.40%
3 iShares Global Infrastructure ETF IGF 0.56% 61.25M 0.39%
4 WisdomTree Europe Equity Income UCITS ETF Acc EEIA.L 0.37% 880.9K 0.29%
5 WisdomTree Europe Equity Income UCITS ETF WTEE.DE 0.37% 880.9K 0.29%
6 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE 0.34% 1.15M 0.23%
7 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA 0.34% 1.15M 0.23%
8 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.33% 1.41M 0.48%
9 WisdomTree International SmallCap Dividend Fund DLS 0.33% 3.40M 0.58%
10 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.25% 2.66M 0.58%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
32.3K
Shares Outstanding
540.33M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Alberico Parente Chief Executive Officer of ENAV Asia Pacific — —
Andrea Capolei Executive Chairman of Techno Sky — —
Fabrizio Ragnacci Head of Investor Relations — male
Giulio Gamaleri Head of Brand Development — male
Luca Colman Chief Financial Officer — male
Maurizio Paggetti Chief Operating Officer — male
Monica Cacciapuoti Chief HR and Corporate Services Officer — female
Nicoletta Tomiselli Head of Communication — female
Pasqualino Monti Chief Executive Officer & Director — male
Vincenzo Smorto Chief Technology Officer — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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