Enav SpA (IT:ENAV)
:ENAV
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Enav SpA
(ENAV)
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Rating:80Outperform
Price Target:
€5.50
▲(8.27% Upside)
Action:N/ADate:10/19/25
The overall score is primarily driven by the company's excellent cash flow generation and robust balance sheet, which provide a strong financial foundation. This is further supported by positive technical indicators showing a clear uptrend. However, the score is constrained by a significant recent revenue decline of -16.0%, which introduces uncertainty. The attractive 6.13% dividend yield offers a compelling valuation counterpoint to this top-line risk.
Enav SpA (ENAV) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€2.89B
Dividend Yield5.7%
Average Volume (3M)664.23K
Price to Earnings (P/E)27.4
Beta (1Y)0.50
Revenue Growth-0.32%
EPS Growth-6.45%
CountryIT
Employees4,354
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding541,744,400
10 Day Avg. Volume536,976
30 Day Avg. Volume664,225
Financial Highlights & Ratios
PEG Ratio1.84
Price to Book (P/B)1.80
Price to Sales (P/S)2.21
P/FCF Ratio13.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€5.25Price Target Upside3.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.2
Revenue Forecast (FY)€1.06B
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 Solut...
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, w...
Enav SpA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
80
Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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
Positive
5.08
Price Trends
5.13
Positive
4.89
Positive
4.55
Positive
Market Momentum
0.03
Negative
64.76
Neutral
95.34
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 5.08 is below the 20-day moving average (MA) of 5.11, below the 50-day MA of 5.13, and above the 200-day MA of 4.55, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.76 is Neutral, neither overbought nor oversold. The STOCH value of 95.34 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €2.89B | 27.42 | 9.96% | 5.70% | -0.32% | -6.45% | |
72 Outperform | €35.81B | 23.17 | 12.10% | 1.05% | 14.13% | 5.99% | |
71 Outperform | €212.67M | 2.78 | 16.88% | 3.86% | 4.31% | -15.86% | |
65 Neutral | €335.02M | 21.62 | ― | 1.96% | 14.30% | 23.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | €2.39B | 7.65 | 15.02% | 2.32% | 21.15% | 17.26% |
* Industrials Sector Average
IT:ENAV
Enav SpA
5.35
2.01
60.46%
IT:FNM
FNM S.p.A.
0.49
0.11
28.68%
IT:LDO
Leonardo Spa
62.26
22.33
55.91%
IT:WBD
Webuild SpA
2.38
-0.30
-11.21%
IT:TYA
Toscana Aeroporti S.p.A.
18.00
2.40
15.38%
IT:PAG
Porto Aviation Group S.P.A.
9.40
5.78
159.67%
Enav SpA Corporate Events
Ena S.p.A. Wins Shareholder Approval for New Treasury Share Purchase and Disposal Plan
Jan 30, 2026
Ena S.p.A.’s ordinary shareholders’ meeting has authorized the Board of Directors to purchase ordinary treasury shares for a total amount of up to €400,000, with the shares intended to support stock liquidity, serve as considerat...
Ena S.p.A. First-Call Shareholders’ Meeting Void, Treasury-Share Vote Moved to Second Call
Jan 29, 2026
Ena S.p.A. reported that its Ordinary Shareholders’ Meeting, convened on first call for 29 January 2026, was void due to not reaching the legally required quorum. In line with the previously published notice, the company will reconvene the O...
Enav Manager Cinzia Tarabella Reports Off-Exchange Transfer of Over 509,000 Shares
Dec 23, 2025
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 contra...
ENAV to Acquire Majority Stake in AIView Group to Boost Drone and U-Space Services
Dec 23, 2025
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 p...
ENAV Completes Share Buyback Program Enhancing Financial Position
Dec 16, 2025
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&...
ENAV Launches Share Buyback Program to Support Remuneration Policies
Dec 11, 2025
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 ...
Ena S.p.A. Seeks Authorization for Share Buyback and Disposal
Dec 3, 2025
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 liquidi...
ENAV to Modernize Radar Systems at Italian Air Force Bases
Dec 1, 2025
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 Le...
ENAV Reports Strong 2025 Performance with Record Traffic and Revenue Growth
Nov 12, 2025
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 i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.