Added to YB: 2026-05-26
Pitch date: 2026-05-24
AVIO.MI [neutral]
Avio S.p.A.
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 1.7B
Pitch Price
N/A
Price Target
N/A
Dividend
0.41%
EV/EBITDA
36.24
P/E
106.15
EV/Sales
1.84
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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