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Leonardo S.p.A. (LDO.MI)

EUR51.00 -0.15 (-0.29%)
IT MIL Industrials Aerospace & Defense
Address Piazza Monte Grappa n. 4 195
Rome, RM, IT
CEO Roberto Cingolani
IPO 2005-07-18
ISIN IT0003856405

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Also trades on Italian Stock Exchange · LDO.MI (EUR) Other OTC · FINMF (USD) Other OTC · FINMY (USD)
Description

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.

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
EUR51.00 -0.15 (-0.29%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.36
Float Shares
402.27M
Free Float %
69.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.56% -8.11% -13.50% -7.55% -2.66% -2.39% +10.05% +352.03% +634.14% +367.68% +258.90%
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
51.00
DCF (Levered) 56.29 +10.4%

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) 58% Bullish
Rating 2026-05 Change
Strong Buy 5 +1
Buy 6 -1
Hold 8 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.32
Grey zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +9.8% Q4'25: +26.0% (vs Q4'23)
  • EPS growth Aerospace & Defense: +32.2%
    +13.4% Q4'25: +56.3% (vs Q4'23)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    +1.7% Q4'25: +13.1% (vs Q4'23)
  • EBIT margin Aerospace & Defense: +9.2%
    +6.4% Q4'25: +8.2% (vs Q4'23)
  • ROIC Aerospace & Defense: +6.2%
    +8.4% Q4'25: +22.8% (vs Q4'23)
  • Share dilution Aerospace & Defense: +0.0%
    +0.2% Q4'25: +0.3% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    2.37× Q4'25: 0.93× (vs Q4'23)
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 (0.37) × ERP
WACC = 87% × Ke + 13% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 51.00
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 2015
actual
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
17 Rev. Ana.
10 EPS Ana.
Dec 2027
16 Rev. Ana.
12 EPS Ana.
Dec 2028
14 Rev. Ana.
11 EPS Ana.
Dec 2029
9 Rev. Ana.
4 EPS Ana.
Dec 2030
13 Rev. Ana.
4 EPS Ana.
Revenue
13.00B
est: 12.89B (+0.8%)
12.00B
est: 11.98B (+0.2%)
11.73B
est: 11.64B (+0.8%)
12.24B
est: 11.91B (+2.7%)
13.78B
est: 13.15B (+4.8%)
13.41B
est: 13.50B (-0.6%)
14.14B
est: 14.14B (-0.1%)
14.71B
est: 14.81B (-0.7%)
15.29B
est: 16.38B (-6.7%)
17.76B
est: 17.18B (+3.4%)
19.50B
est: 19.34B (+0.9%)
21.80B
20.89B – 22.49B
+12.8% YoY
24.05B
22.84B – 25.22B
+10.3% YoY
26.20B
26.19B – 26.21B
+8.9% YoY
28.23B
26.93B – 29.38B
+7.8% YoY
30.40B
29.00B – 31.64B
+7.7% YoY
EBITDA
1.31B
est: 1.31B (-0.5%)
1.47B
est: 1.22B (+20.4%)
1.20B
est: 1.19B (+1.4%)
1.11B
est: 1.21B (-8.9%)
1.49B
est: 1.34B (+11.4%)
1.16B
est: 1.38B (-15.8%)
1.31B
est: 1.44B (-9.0%)
1.41B
est: 1.51B (-6.6%)
1.45B
est: 1.58B (-8.6%)
1.81B
est: 1.66B (+9.3%)
1.90B
est: 1.87B (+1.7%)
2.10B
2.02B – 2.17B
+12.8% YoY
2.32B
2.20B – 2.43B
+10.3% YoY
2.53B
2.53B – 2.53B
+8.9% YoY
2.72B
2.60B – 2.83B
+7.8% YoY
2.93B
2.80B – 3.05B
+7.7% YoY
EBIT
616.00M
est: 838.49M (-26.5%)
771.00M
est: 779.24M (-1.1%)
637.00M
est: 756.75M (-15.8%)
607.00M
est: 774.73M (-21.6%)
957.00M
est: 855.48M (+11.9%)
645.00M
est: 877.68M (-26.5%)
827.00M
est: 919.74M (-10.1%)
859.00M
est: 963.19M (-10.8%)
876.00M
est: 990.93M (-11.6%)
1.15B
est: 1.04B (+10.5%)
1.24B
est: 1.17B (+6.0%)
1.32B
1.26B – 1.36B
+12.8% YoY
1.45B
1.38B – 1.53B
+10.3% YoY
1.58B
1.58B – 1.59B
+8.9% YoY
1.71B
1.63B – 1.78B
+7.8% YoY
1.84B
1.75B – 1.91B
+7.7% YoY
Net Income
239.00M
est: 315.60M (-24.3%)
505.00M
est: 534.93M (-5.6%)
277.00M
est: 374.14M (-26.0%)
509.00M
est: 407.78M (+24.8%)
821.00M
est: 640.96M (+28.1%)
241.00M
est: 400.31M (-39.8%)
586.00M
est: 574.26M (+2.0%)
927.00M
est: 677.10M (+36.9%)
658.00M
est: 988.00M (-33.4%)
1.07B
est: 911.14M (+17.9%)
1.22B
est: 1.07B (+14.2%)
1.37B
1.11B – 1.55B
+28.2% YoY
1.56B
1.36B – 1.84B
+13.6% YoY
1.84B
1.73B – 2.10B
+17.8% YoY
2.19B
2.06B – 2.31B
+19.3% YoY
2.42B
2.28B – 2.55B
+10.5% YoY
SGA
178.00M
est: 721.34M (-75.3%)
116.00M
est: 670.36M (-82.7%)
588.00M
est: 651.02M (-9.7%)
102.00M
est: 666.48M (-84.7%)
-10.00M
est: 735.96M (-101.4%)
-10.00M
est: 755.05M (-101.3%)
23.00M
est: 791.24M (-97.1%)
-15.00M
est: 828.61M (-101.8%)
-40.00M
est: -17.23M (-132.1%)
-86.00M
est: -18.08M (-375.7%)
31.00M
est: -20.34M (+252.4%)
-22.94M
-23.66M – -21.98M
-12.8% YoY
-25.30M
-26.53M – -24.03M
-10.3% YoY
-27.56M
-27.58M – -27.55M
-8.9% YoY
-29.70M
-30.91M – -28.33M
-7.8% YoY
-31.99M
-33.28M – -30.51M
-7.7% YoY
EPS
0.41
est: 0.55 (-25.3%)
0.88
est: 0.93 (-5.4%)
0.48
est: 0.65 (-26.2%)
0.89
est: 0.71 (+25.6%)
1.43
est: 1.11 (+28.4%)
0.42
est: 0.70 (-39.6%)
1.02
est: 1.00 (+2.2%)
1.61
est: 1.18 (+36.3%)
1.14
est: 1.72 (-33.6%)
1.87
est: 1.59 (+17.9%)
2.12
est: 1.87 (+13.6%)
2.27
1.93 – 2.69
+21.5% YoY
2.75
2.36 – 3.19
+21.1% YoY
3.26
2.99 – 3.63
+18.8% YoY
3.80
3.57 – 4.00
+16.6% YoY
4.20
3.95 – 4.42
+10.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-05-08 B+ 3/5 3/5 4/5 4/5 2/5 3/5 2/5
2026-05-07 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-05-06 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-05-05 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-05-04 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-04-30 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-04-29 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-04-28 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-04-27 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-24 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-23 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-22 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-21 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-20 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-17 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-16 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-15 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.22B
OE per share TTM
5.59
Owner's Yield
10.87%
Maintenance CapEx ratio
2.93%
Maint CapEx / Avg PPE
19.2%

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.

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
20.6K
Shares Outstanding
576.94M

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
Roberto Cingolani Chief Executive Officer & Director 3M male
Ambassador Stefano Pontecorvo Executive Chairman 498.0K
Elena Napolitano Chief Compliance Officer female
Federico Bonaiuto General Counsel male
Franco Ongaro Chief Technology & Innovation Officer male
Giuseppe Aurilio Chief Financial Officer male
Giuseppe Maresca Senior Vice President of Marketing & Commercial Affairs
Raffaella Luglini Chief Sustainability Officer female
Stefano Amoroso Chief Communication Officer male
Valeria Ricciotti Head of Investor Relations & Credit Rating Agencies female
Antonio Liotti Chief People & Organization 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