Leonardo SpA
MIL:LDO
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Leonardo SpA
MIL:LDO
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IT |
Intrinsic Value
The intrinsic value of Leonardo SpA (LDO) under the Base Case is 44.22 EUR per share.
Compared with the current market price of 48.46 EUR, the stock appears
Overvalued by 9% .
The intrinsic value is calculated using the DCF method. The model assumes Leonardo's net margin rises to 8.1% by 2031, above its six-year high of 6.3%. If its margin stayed at its five-year average of 5.4%, the estimate would be about €31.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Leonardo SpA Does
Leonardo SpA is an Italian aerospace and defense company that designs and makes military and civil helicopters, aircraft electronics, radar and sensor systems, and other defense equipment. It also sells related training, maintenance, and support services that keep those systems working over time.
- Headquarters
- Italy IT
- Employees
- 65 455
- IPO date
- Jan 1, 1992
Leonardo has no economic moat
Competition for new contracts limits Leonardo’s ability to set prices and keep rivals out. Its specialist technology and established customer relationships help it win work, but do not provide lasting protection across the whole company.
Read the full moat analysis
Earnings Waterfall
Leonardo SpA
The intrinsic value for Leonardo SpA (LDO) under the Base Case is 44.22 EUR.
Compared with the current market price of 48.46 EUR, the stock appears Overvalued by 9% .