Added to YB: 2026-08-10
Pitch date: 2026-08-06
LDO.MI [neutral]
Leonardo S.p.a.
-1.38%
current return
Author Info
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Company Info
Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, cyber security and solutions, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States of America, and internationally.
Market Cap
EUR 33.8B
Pitch Price
EUR 58.85
Price Target
75.00 (+29%)
Dividend
1.08%
EV/EBITDA
14.69
P/E
30.01
EV/Sales
1.87
Sector
Aerospace and Defense
Category
growth
Leonardo S.p.A. - Q2 2026 Earnings Update
LDO.MI (earnings): Q2 FY26 orders +40% YoY to €15.6bn, record €58.6bn backlog; ROS +110bps to 7.6%; FOCF +45% YoY. IDV integration (13.7% ROS) accretive; DE 12.2% margin. Guidance raised, double-digit EBITA pulled to 2026. DCF PT €75 (31% upside). Risks: GCAP delays, Saudi JV, supply chain. Buy.
Read full article (19 min)