Added to YB: 2026-09-29
Pitch date: 2026-09-24
AVIO.MI [bearish]
Avio S.p.A.
-3.41%
current return
Author Info
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Company Info
Avio S.p.A. designs, develops, produces, and integrates space launchers in Italy and internationally.
Market Cap
EUR 1.3B
Pitch Price
EUR 28.77
Price Target
25.00 (-16%)
Dividend
0.51%
EV/EBITDA
25.60
P/E
60.48
EV/Sales
1.35
Sector
Aerospace and Defense
Category
special_situation
Avio S.p.A. (AVIO-IT) 1H26 Review: The Operating Leverage Disconnect; Reiterate Hold, PT €25.00
AVIO.MI (earnings): Avio’s revised €25 target implies 11.8% downside from €28.33, despite Advent’s agreed €109.4m investment at €33.40 per share and a €2.0bn-plus backlog. H1 net revenue rose 17.5% to €276.0m and series production reached 67.3% of revenue, yet EBITDA margin stayed flat at 4.3% and EBIT margin was 0.4%; 87.2% of pre-tax income came from treasury interest and an ART fair-value gain. FY26 delivery is heavily back-half weighted, while Virginia investment will absorb cash.
Read full article (14 min)