Enav SpA (ENAV) AI Stock Analysis

• Market Cap: €2.64B
• Dividend Yield: 5.7%
• Average Volume (3M): 664.23K
• Price to Earnings (P/E): 24.0
• Beta (1Y): 0.45
• Revenue Growth: -0.32%
• EPS Growth: -6.45%
• Country: IT
• Employees: 4,354
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.11
• Shares Outstanding: 541,744,400
• 10 Day Avg. Volume: 536,976
• 30 Day Avg. Volume: 664,225
• PEG Ratio: 1.84
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 2.21
• P/FCF Ratio: 13.92
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €4.77
• Price Target Upside: -2.25% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: €5.00 ▲(2.46% Upside)

Enav SpA's overall stock score reflects its stable financial performance and attractive dividend yield, offset by technical indicators suggesting the stock may be overbought. The lack of recent earnings call data and corporate events means these factors do not influence the score.

Enav SpA Business Overview & Revenue Model

Company Description

ENAV S.p.A. provides air traffic control and management, and other air navigation services in Italy, the rest of Europe, and internationally. It operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions. The company also offers technical management and maintenance services for air traffic control equipment and systems, as well as for air infrastructure; and develops software solutions for the management of aeronautical information and air traffic, as well as provides related commercial and maintenance services. In addition, it offers air traffic flow management, communication navigation and surveillance, digital aeronautical management, and flight procedure design and validation solutions. Further, the company provides flight inspection, aeronautical consulting, technical and engineering services, meteorology, and training and other services, as well as maintenance services for software solutions, as well as sells software licenses. It serves air navigation service providers, airport authorities, aeronautical agencies, and government and private entities. ENAV S.p.A. was founded in 2001 and is based in Rome, Italy.

How the Company Makes Money

Enav generates revenue primarily through the provision of air navigation services to both commercial and general aviation sectors. Its main revenue streams include fees charged to airlines and aircraft operators for air traffic control services, which are typically based on the volume of air traffic and the distance flown within Italian airspace. Additionally, Enav earns revenue from contracts related to the development and maintenance of ATM systems, both domestically and internationally. The company has also established partnerships with various aviation authorities and organizations, which help expand its service offerings and enhance its market presence, contributing significantly to its earnings.

Enav SpA Financial Statement Overview

Summary

Enav SpA demonstrates a stable financial position with strong profitability and cash flow generation. Despite a recent decline in revenue, the company maintains healthy margins and a solid balance sheet. Continued focus on revenue growth and cash flow management will be crucial for future stability and growth.

Income Statement

Enav SpA's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 16%, which is concerning. However, the company maintains a healthy gross profit margin of 40.14% and a net profit margin of 11.16%, reflecting good profitability. The EBIT and EBITDA margins are also stable, though slightly below the previous year's levels.

Balance Sheet

The balance sheet of Enav SpA is relatively strong, with a debt-to-equity ratio of 0.54, indicating moderate leverage. The return on equity is 9.37%, showing efficient use of equity capital. The equity ratio stands at 47.95%, suggesting a solid equity base compared to total assets.

Cash Flow

Enav SpA's cash flow statement is positive, with a 16.32% growth in free cash flow, indicating improved cash generation. The operating cash flow to net income ratio is 0.47, and the free cash flow to net income ratio is 0.72, both suggesting a good conversion of income into cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	984.99M	999.75M	964.01M	907.36M	800.22M	736.70M
Gross Profit	395.39M	412.88M	402.00M	136.01M	83.48M	66.01M
EBITDA	177.18M	336.25M	311.50M	283.49M	238.83M	209.35M
Net Income	109.92M	125.83M	112.92M	105.00M	78.37M	54.28M
Balance Sheet
Total Assets	2.27B	2.37B	2.34B	2.42B	2.36B	2.19B
Cash, Cash Equivalents and Short-Term Investments	253.76M	356.82M	224.88M	267.73M	225.31M	325.89M
Total Debt	588.27M	589.66M	528.08M	601.33M	667.43M	552.61M
Total Liabilities	1.18B	1.14B	1.12B	1.21B	1.19B	1.11B
Stockholders Equity	1.09B	1.23B	1.22B	1.21B	1.16B	1.08B
Cash Flow
Free Cash Flow	258.75M	158.84M	100.14M	139.13M	-242.78M	-264.55M
Operating Cash Flow	360.46M	277.89M	210.62M	236.90M	-157.15M	-173.06M
Investing Cash Flow	-108.13M	-78.76M	-71.60M	-70.17M	-59.89M	-52.25M
Financing Cash Flow	-167.04M	-62.83M	-181.76M	-124.51M	124.68M	92.34M

Enav SpA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ENAV, the sentiment is Positive. The current price of 4.88 is above the 20-day moving average (MA) of 4.71, above the 50-day MA of 4.62, and above the 200-day MA of 4.13, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 76.38 is Negative, neither overbought nor oversold. The STOCH value of 88.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ENAV.

Enav SpA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TYA	73 Outperform	€359.21M	19.82	―	1.96%	14.30%	23.70%
ENAV	65 Neutral	€2.64B	24.02	9.96%	5.70%	-0.32%	-6.45%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Enav SpA Corporate Events

Enav Manager Cinzia Tarabella Reports Off-Exchange Transfer of Over 509,000 Shares

Enav S.p.A. has disclosed a transaction by a person discharging managerial responsibilities, Cinzia Tarabella, involving the transfer of 509,174 ordinary shares at a price of €0.65 per share. The deal, classified as the execution of a contract for the transfer of ordinary shares, is scheduled to be completed on 9 January 2026 and was executed off-exchange, reflecting a significant managerial share dealing subject to EU Market Abuse Regulation reporting requirements.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.90 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

ENAV to Acquire Majority Stake in AIView Group to Boost Drone and U-Space Services

ENAV has signed a binding term sheet to acquire 85% of AIView Group S.r.l., a high-tech company specializing in drone services and unmanned systems for advanced inspections and infrastructure maintenance, leveraging artificial intelligence and a proprietary software platform. The roughly €10.5 million enterprise-value deal, implying an EV/EBITDA multiple of about 7x based on estimated 2025 results, is aimed at expanding ENAV’s high value-added drone-based and data analytics services, reinforcing its role in the fast-growing U-Space and critical infrastructure monitoring markets, with completion targeted by the end of the first quarter of 2026 subject to standard closing conditions.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.90 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

ENAV Completes Share Buyback Program Enhancing Financial Position

ENAV S.p.A. has successfully completed its share buyback program, acquiring a total of 1,400,000 shares at an average price of 4.6496 euros per share, amounting to a total value of 6,509,420.50 euros. This strategic move, in line with the company’s remuneration policies, enhances ENAV’s financial positioning and reflects its commitment to optimizing shareholder value.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.90 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

ENAV Launches Share Buyback Program to Support Remuneration Policies

ENAV S.p.A. has initiated a program to purchase its own shares, as approved by its shareholders in May 2025. This move is part of the company’s strategy to support its remuneration policies, including stock option programs for employees and administrative members. As of December 10, 2025, ENAV has acquired 955,000 shares on Euronext Milan, with plans to purchase up to 1,400,000 shares. This program is expected to enhance the company’s operational flexibility and potentially impact its market positioning by aligning employee incentives with shareholder interests.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.90 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

Ena S.p.A. Seeks Authorization for Share Buyback and Disposal

Ena S.p.A. announced that its Board of Directors has approved a proposal to seek authorization from the Shareholders’ Meeting to purchase and dispose of its own shares. This move is aimed at providing the company with flexibility for liquidity support, strategic operations, and potential stock grant plans. The authorization, if approved, will allow Ena to purchase shares up to a maximum value of 400,000 euros, using available reserves, and dispose of them without time constraints, aligning with regulatory and market practices.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.90 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

ENAV to Modernize Radar Systems at Italian Air Force Bases

ENAV has signed a contract with the Italian Ministry of Defence’s TELEDIFE to modernize radar surveillance systems at six Italian Air Force bases by 2032. This 102 million euro contract, led by a consortium including ENAV, Techno Sky, and Leonardo, aims to enhance air traffic control and maintenance services, strengthening the national radar infrastructure and showcasing ENAV’s expertise in the defense sector.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.90 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

ENAV Reports Strong 2025 Performance with Record Traffic and Revenue Growth

ENAV S.p.A. reported strong financial and operational results for the first nine months of 2025, with significant growth in air traffic and revenue. The company managed a record number of flights and achieved exceptional punctuality, positioning itself as a leader in the European air navigation market. Despite the start of a new regulatory period, ENAV’s financial indicators remain robust, and the outlook for 2025 has been revised upwards. This performance underscores ENAV’s operational excellence and solidifies its market position, benefiting stakeholders and reinforcing its strategic objectives.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR5.05 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.

ENAV Group Secures Contract for Digital Control Tower in Malaysia

ENAV Group, through its subsidiary Techno Sky, has secured a contract to supply and activate a Remote Digital and Virtual Tower (RDVT) system at Senai Airport in Malaysia. This project, awarded to Prime contractor Novatis, highlights ENAV’s leadership in digital air traffic management and its strategic expansion into the Far East market. The digital tower will replace the traditional control tower, offering improved operational efficiency and safety with a 270-degree view extendable to 360 degrees. The project is set to begin by the end of 2025 and involves collaboration with strategic subcontractors to ensure seamless integration and training.

The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR4.85 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.