FINCANTIERI S.P.A. (FNCNF)
NEUTRALFundamental
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
Fair Value
$22.64
Current Price
$14.59
Margin of Safety
+35.6%
Fair Value Range
$14.71 - $30.56
Estimation Methods
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
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Pierroberto Folgiero | CEO, MD & Director | 53 |
| Mr. Giuseppe Dado | Chief Financial Officer | - |
| Mr. Felice Bonavolontà | Group Accounting & Administration Head | - |
| Ms. Alessandra Battaglia | Secretary | 50 |
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.