Added to YB: 2026-05-26
Pitch date: 2026-05-24
AVIO.MI [neutral]
Avio S.p.A.
-14.5%
current return
Author Info
Farrer 36 is an asset manager based out of Singapore that focuses on long-only equity strategies. Sign up for the newsletter.
Company Info
Avio S.p.A. designs, develops, produces, and integrates space launchers in Italy and internationally.
Market Cap
EUR 1.5B
Pitch Price
EUR 36.63
Price Target
N/A
Dividend
0.46%
EV/EBITDA
30.76
P/E
95.74
EV/Sales
1.56
Sector
Aerospace and Defense
Category
growth
(Non) Semi-Baked Ideas - Avio S.p.A.
AVIO.MI (quick overview): European space infrastructure play via Vega C & Ariane 6 propulsion systems; EU sovereignty push post-Russian Soyuz exit. Defense angle: $65M US Army contract, VA plant w/ $97.7M state backing, Raytheon & Lockheed partnerships. €650M defense backlog (31% total). 10% rev CAGR, high-teens EBITDA CAGR expected; trades 8x FY30 EV/EBIT despite margins compressed in investment phase.
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