Obermatt

Leonardo

MIL:LDO · IT0003856405
Aerospace & DefenseX-Large

360

61
EV / EBIT85
Price / Owner Earnings35
Owner Earnings Yield38
Dividend Yield65
Price/Sales83
EV / Gross Profit100
Price/Book65
Return on Capital47
Cash Return on Capital20
Return on Equity39
EBIT Margin49
Gross Profitability99
Cash Conversion77
Accruals32
Owner Earnings Margin16
Sales growth79
Profit Growth83
Long-Term EPS Growth66
Owner Earnings Growth16
Reinvestment61
Price momentum41
Debt load58
Refinancing19
Debt Payback26
Liquidity82
Analyst ratings32
Opinion Changes54
Price Target Upside71
Market mood85
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Leonardo generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryItaly
IndustryAerospace & Defense
SizeX-Large
TypePublic Company
ExchangeBIT
Employees28,062
ISINIT0003856405
Last UpdateApr 2, 2026
Themes
SensorsPassenger Aircraft ManufacturingHomeland SecurityDefenseTechDrone TechnologyNetwork SecuritySpaceTechNavigationDetectors, Sensors and MemsAerospaceElectronicsSecurity

Description

Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors. The company specializes in the development and manufacturing of advanced technologies…

Analysis

Bargain bin

Leonardo S.p.a. falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is expensive. You pay 65.8× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 22% yearly growth; analysts expect 22%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is adequate. The company scores 16/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
96
2023202420252026

All-time high

100

Dec 2025

All-time low

32

Aug 2023

Average rank

72

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
83
34
67
93
Price/Earnings
67
22
72
95
Price/Book
65
37
82
95
Dividend Yield
65
39
30
26
Value (overall)
95
40
43
83

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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The companies this stock is ranked against.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →