Leonardo S.p.a.
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
30.4125.5923.1321.42
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$0.84$1.00$1.11$1.20

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-143.0015.0115.1420.728.527.2413.786.124.936.4813.478.52
Price/Sales ratio
0.300.560.630.480.350.430.240.250.310.270.750.35
Price/Book Value ratio
1.261.701.751.360.961.110.630.550.630.540.891.11
Price/Cash Flow ratio
24.7611.679.277.956.319.2112.074.463.563.593.109.21
Price/Free Cash Flow ratio
-9.85252.1117.6224.0239.44116.60-92.2718.908.7510.5611.74116.60
Price/Earnings Growth ratio
0.67-0.003.18-0.450.100.11-0.190.040.080.15-8.560.11
Dividend Yield
0.42%N/A0.05%1.41%1.86%1.34%2.40%N/A1.72%1.89%1.16%1.34%
Profitability Indicator Ratios
Gross Profit Margin
9.09%10.69%38.41%37.44%8.85%8.71%7.69%7.44%8.27%10.79%22.13%8.85%
Operating Profit Margin
1.35%3.55%7.74%6.64%4.22%6.94%4.80%5.85%5.83%6.55%7.48%4.22%
Pretax Profit Margin
1.35%3.55%5.54%3.47%3.96%4.97%1.69%4.35%5.71%5.38%5.95%3.96%
Net Profit Margin
-0.21%3.74%4.20%2.36%4.15%5.95%1.79%4.14%6.30%4.30%2.79%5.95%
Effective Tax Rate
89.94%41.77%23.75%31.61%13.19%21.42%5.28%26.99%6.06%15.65%14.37%13.19%
Return on Assets
-0.11%1.85%1.98%1.12%1.99%3.05%0.89%2.06%3.24%2.14%1.74%3.05%
Return On Equity
-0.88%11.37%11.59%6.59%11.31%15.42%4.57%9.11%12.90%8.43%7.13%15.42%
Return on Capital Employed
1.68%3.82%7.91%7.56%5.08%8.26%5.76%6.46%6.40%7.32%10.32%5.08%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.95N/A
Quick Ratio
0.700.680.670.560.650.560.580.640.610.680.590.56
Cash ratio
0.090.120.150.130.130.120.130.150.090.140.060.12
Days of Sales Outstanding
190.05179.05181.40167.04162.93156.84165.81179.49173.40174.75145.33156.84
Days of Inventory outstanding
107.86119.36198.22235.45119.84168.91173.44153.06144.37125.70147.44119.84
Operating Cycle
297.92298.41379.63402.50282.78325.75339.26332.55317.78300.46292.78282.78
Days of Payables Outstanding
116.87104.92140.15147.2999.06109.96106.7194.0882.6087.4478.27109.96
Cash Conversion Cycle
181.04193.49239.48255.20183.71215.78232.54238.47235.18213.01214.50183.71
Debt Ratios
Debt Ratio
0.180.180.200.180.150.130.150.170.140.14N/A0.13
Debt Equity Ratio
1.491.111.211.110.860.690.780.760.560.55N/A0.69
Long-term Debt to Capitalization
0.580.510.470.430.430.390.380.340.290.23N/A0.39
Total Debt to Capitalization
0.590.520.540.520.460.410.430.430.360.35N/A0.41
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A7.43N/A
Cash Flow to Debt Ratio
0.030.130.150.150.170.170.060.160.310.27N/A0.17
Company Equity Multiplier
7.946.125.825.885.675.055.144.413.973.933.805.05
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.040.060.060.050.040.020.050.080.070.120.05
Free Cash Flow / Operating Cash Flow Ratio
-2.510.040.520.330.160.07-0.130.230.400.340.520.16
Cash Flow Coverage Ratio
0.030.130.150.150.170.170.060.160.310.27N/A0.17
Short Term Coverage Ratio
0.742.880.640.501.433.600.310.541.270.60N/A3.60
Dividend Payout Ratio
-61.29%N/A0.79%29.24%15.91%9.74%33.19%N/A8.52%12.31%44.20%15.91%