Leonardo SpA
MIL:LDO

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Leonardo SpA
MIL:LDO
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Price: 48.19 EUR 2.1%
Market Cap: 27.9B EUR

Relative Value

The Relative Value of one LDO stock under the Base Case scenario is 60.06 EUR. Compared to the current market price of 48.19 EUR, Leonardo SpA is Undervalued by 20%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

LDO Relative Value
Base Case
60.06 EUR
Undervaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
11
vs Industry
80
Median 3Y
0.6
Median 5Y
0.3
Industry
4.4
Forward
1.4
vs History
9
vs Industry
52
Median 3Y
9.2
Median 5Y
8.6
Industry
34.4
Forward
25.7
vs History
6
vs Industry
35
Median 3Y
9.7
Median 5Y
5.3
Industry
19.6
vs History
11
vs Industry
17
Median 3Y
-5.9
Median 5Y
4.7
Industry
32.1
vs History
6
vs Industry
44
Median 3Y
1.5
Median 5Y
0.9
Industry
4.1
vs History
7
vs Industry
80
Median 3Y
0.6
Median 5Y
0.5
Industry
4.5
Forward
1.4
vs History
6
vs Industry
75
Median 3Y
2
Median 5Y
1.5
Industry
14
vs History
14
vs Industry
38
Median 3Y
8.2
Median 5Y
6.1
Industry
19.3
Forward
12.1
vs History
11
vs Industry
46
Median 3Y
9.7
Median 5Y
7.2
Industry
26.5
Forward
17.9
vs History
7
vs Industry
36
Median 3Y
10.6
Median 5Y
7.6
Industry
20.9
vs History
11
vs Industry
14
Median 3Y
29.3
Median 5Y
22.2
Industry
26.7
vs History
4
vs Industry
71
Median 3Y
0.6
Median 5Y
0.5
Industry
2.7

Multiples Across Competitors

LDO Competitors Multiples
Leonardo SpA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
IT
Leonardo SpA
MIL:LDO
27.8B EUR 1 17.5 9.8 13.5
US
Raytheon Technologies Corp
NYSE:RTX
230B USD 2.7 34.9 20.2 30.5
US
RTX Corp
LSE:0R2N
229.9B USD 2.7 34.9 20.2 30.5
NL
Airbus SE
PAR:AIR
156.4B EUR 2.2 30.9 18.3 27.7
US
Boeing Co
NYSE:BA
156.7B USD 1.9 -15.4 -27.4 -21.2
FR
Safran SA
PAR:SAF
123.6B EUR 4.2 28.6 20.7 27.1
UK
Rolls-Royce Holdings PLC
LSE:RR
93.6B GBP 4.8 16.2 22 28.1
US
Lockheed Martin Corp
NYSE:LMT
107B USD 1.5 25.5 15.8 20.1
US
General Dynamics Corp
NYSE:GD
90.8B USD 1.8 21.5 15.7 18.4
DE
Rheinmetall AG
XETRA:RHM
73.8B EUR 6.7 88 38.1 50.5
US
Northrop Grumman Corp
NYSE:NOC
79B USD 1.9 19.7 16.5 22.5
P/E Multiple
Earnings Growth PEG
IT
Leonardo SpA
MIL:LDO
Average P/E: 31.8
17.5
12%
1.5
US
Raytheon Technologies Corp
NYSE:RTX
34.9
29%
1.2
US
RTX Corp
LSE:0R2N
34.9
29%
1.2
NL
Airbus SE
PAR:AIR
30.9
22%
1.4
US
Boeing Co
NYSE:BA
Negative Multiple: -15.4 N/A N/A
FR
Safran SA
PAR:SAF
28.6
N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
16.2
8%
2
US
Lockheed Martin Corp
NYSE:LMT
25.5
11%
2.3
US
General Dynamics Corp
NYSE:GD
21.5
11%
2
DE
Rheinmetall AG
XETRA:RHM
88
60%
1.5
US
Northrop Grumman Corp
NYSE:NOC
19.7
3%
6.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IT
Leonardo SpA
MIL:LDO
Average EV/EBITDA: 19.7
9.8
12%
0.8
US
Raytheon Technologies Corp
NYSE:RTX
20.2
18%
1.1
US
RTX Corp
LSE:0R2N
20.2
18%
1.1
NL
Airbus SE
PAR:AIR
18.3
20%
0.9
US
Boeing Co
NYSE:BA
Negative Multiple: -27.4 N/A N/A
FR
Safran SA
PAR:SAF
20.7
16%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
22
17%
1.3
US
Lockheed Martin Corp
NYSE:LMT
15.8
10%
1.6
US
General Dynamics Corp
NYSE:GD
15.7
10%
1.6
DE
Rheinmetall AG
XETRA:RHM
38.1
42%
0.9
US
Northrop Grumman Corp
NYSE:NOC
16.5
6%
2.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
IT
Leonardo SpA
MIL:LDO
Average EV/EBIT: 26.9
13.5
19%
0.7
US
Raytheon Technologies Corp
NYSE:RTX
30.5
31%
1
US
RTX Corp
LSE:0R2N
30.5
31%
1
NL
Airbus SE
PAR:AIR
27.7
27%
1
US
Boeing Co
NYSE:BA
Negative Multiple: -21.2 N/A N/A
FR
Safran SA
PAR:SAF
27.1
19%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
28.1
21%
1.3
US
Lockheed Martin Corp
NYSE:LMT
20.1
12%
1.7
US
General Dynamics Corp
NYSE:GD
18.4
11%
1.7
DE
Rheinmetall AG
XETRA:RHM
50.5
45%
1.1
US
Northrop Grumman Corp
NYSE:NOC
22.5
7%
3.2