Added to YB: 2023-04-19
Pitch date: 2023-04-19
LDO.MI [bullish]
Leonardo S.p.a.
+336.98%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
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 23.3B
Pitch Price
EUR 11.02
Price Target
N/A
Dividend
1.29%
EV/EBITDA
12.81
P/E
21.69
EV/Sales
1.50
Sector
Aerospace and Defense
Category
N/A
Leonardo S.p.A ($LDO.MI)
LDO.MI: Italian defense co. 14.7B EUR rev, 1.2B EBITA. Accelerating growth from defense spending. FCF to improve as Aerostructures recovers. DRS listing highlights undervaluation. New CEO removes governance concerns. Debt paydown priority. 7x 2022 EBITA, core biz 4.4x FCF. PT 30 EUR vs 12 EUR. Risks: Ukraine conflict end, new CEO execution.
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