Obermatt

ENAV

MIL:ENAV · IT0005176406
Transportation InfrastructureMedium

360

96
EV / EBIT33
Price / Owner Earnings29
Owner Earnings Yield76
Dividend Yield93
Price/Sales49
EV / Gross Profit89
Price/Book41
Return on Capital50
Cash Return on Capital90
Return on Equity46
EBIT Margin66
Gross Profitability100
Cash Conversion78
Accruals91
Owner Earnings Margin80
Sales growth35
Profit Growth58
Long-Term EPS Growth16
Owner Earnings Growth69
Reinvestment36
Price momentum76
Debt load64
Refinancing86
Debt Payback84
Liquidity64
Analyst ratings27
Opinion Changes50
Price Target Upside27
Market mood44
Value Creation12/20creating some value
  • 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

ENAV clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryItaly
IndustryTransportation Infrastructure
SizeMedium
TypePublic Company
ExchangeBIT
Employees1,230
Websiteenav.it
ISINIT0005176406
Last UpdateApr 2, 2026
Index & Theme
NavigationMapping ServicesAssociationFinancial ServicesInsurance

Description

ENAV S.p.A. provides comprehensive air traffic management services and encompasses air traffic control and management, and other air navigation services. Business Segments The company operates primarily through three distinct business segments incl…

Analysis

Quality compounder

ENAV S.p.A. is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is fair. You pay 20.1× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone.

The trajectory is moderate and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
75
2023202420252026

All-time high

80

Jan 2025

All-time low

34

Jan 2024

Average rank

64

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
49
28
19
19
Price/Earnings
9
28
18
28
Price/Book
41
46
49
51
Dividend Yield
93
88
79
70
Value (overall)
61
44
32
33

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

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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 →