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FINCANTIERI S.P.A. (FNCNF)

NEUTRAL
IndustrialsAerospace & DefenseItaly

Fundamental

74

Price

$14.59

Market Cap

$5.24B

Part 1 · What the company is worth

Overview

Fincantieri S.p.A. operates in the shipbuilding industry worldwide. It operates through four segments: Shipbuilding; Offshore and Specialized Vessels; Underwater; and Equipment, Systems, and Infrastructure. The company designs and constructs cruise ships, submarines, offshore support vessels, specialized vessels, and offshore wind plant vessels, as well as semi-submersible drilling ships and platforms products; cable-laying vessels and ferries; unmanned vessels; expedition cruise vessels; and aircraft carriers, destroyers, frigates, corvettes, patrol vessels, amphibious and logistic support ships, multirole and research vessels, and special vessels. It also provides product lifecycle management, and training and assistance services; cabins, wet units, public areas, catering, glazing, and interior design solutions; and ship repairs, refitting, conversions, and refurbishment services, as well as products that reduce environmental impact. In addition, the company offers technologies in the field of effectors, acoustic sensors, unmanned, radar, advanced communication systems, and top-side systems of autonomous vessels. Further, it provides electrical, and electronic and electromechanical integrated systems; stabilization, propulsion, positioning, and power generation systems; and steam turbines, as well as designs and integrates systems on automation, cyber security, telecommunications, and critical infrastructures and designs, constructs, and assembles bridges, viaducts, airports, ports, maritime/hydraulic works, large commercial and industrial buildings, and facility management. Additionally, the company provides dry-dock management; engineering, project, and supply chain management; IT consultancy; mechanical products sale and after-sale; marine diesel engine maintenance; technological research and development; ship accommodation services; and charters boats, ships, and barges. Fincantieri S.p.A. was founded in 1959 and is headquartered in Trieste, Italy.

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Direct competitors

Who this company fights with for the same customers

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Balance Sheet & Liquidity

Revenue

$9.04B

Trailing 12 months to the last reported quarter — estimated from per-share metrics

Net Income

$189M

Trailing 12 months to the last reported quarter — estimated from per-share metrics

Free Cash Flow

$656M

Total Equity

$1.88B

Total Liabilities

$2.51B

Current Ratio

0.92

Interest Coverage

-

Debt/EBITDA

4.14

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Undervalued

Fair Value

$22.64

Current Price

$14.59

Margin of Safety

+35.6%

Fair Value Range

$14.71 - $30.56

Estimation Methods

Analyst Target:-
DCF:$41.81
PE-based:$11.98
Graham Growth:$10.09
EPV:$9.64
Analyst Consensus:Strong Buy (10B / 2H / 0S)
Last Earnings Surprise:-298.03%

Valuation Metrics

P/E Ratio

27.79

ROE

14.9%

P/B Ratio

3.24

P/FCF

7.99

Gross Margin

26.2%

ROIC

7.8%

Profitability Radar

Value Creation (Economic Moat)

ROIC

7.8%

WACC

5.6%

ROIC − WACC

+2.3 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (14)

  • Price CAGR 35.28%
  • ROIC 7.8%
  • P/FCF 7.99
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA
  • DCF valuation (Undervalued)
  • ROE 14.6%
  • Revenue Growth 5Y 9.4%
  • Analyst Consensus 83% Buy
  • Earnings Quality (OCF/NI) 5.57
  • Net Margin Trend 1.3% vs 0.4%

Failed (6)

  • Gross Margin 26.2%
  • P/B Ratio 3.24
  • Operating Margin 4.2%
  • Price below Graham Number
  • Earnings Surprise avg -171.8%
  • Piotroski F-Score 2/9

Unavailable (7)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • PEG Ratio (need PE > 0 and growth > 0)
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

Serious financial concerns

score
criteria

Earnings Quality

5.57

High quality: earnings backed by cash

Share Dilution

-

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Pierroberto FolgieroCEO, MD & Director53
Mr. Giuseppe DadoChief Financial Officer-
Mr. Felice BonavolontàGroup Accounting & Administration Head-
Ms. Alessandra BattagliaSecretary50

Audit Risk

5

Board Risk

4

Compensation Risk

7

Shareholder Rights Risk

10

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for FNCNF, sourced from Markets Gazette.

No recent news for FNCNF.