Fincantieri S.p.A. (FCT) AI Stock Analysis

• Market Cap: €5.03B
• Dividend Yield: N/A
• Average Volume (3M): 1.77M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.67
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IT
• Employees: 22,270
• Sector: Industrials
• Sector Strength: 94
• Industry: Aerospace & Defense
• EPS (TTM): N/A
• Shares Outstanding: 323,192,380
• 10 Day Avg. Volume: 2,876,278
• 30 Day Avg. Volume: 1,770,090
• PEG Ratio: -0.38
• Price to Book (P/B): 2.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.64
• 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: €12.87
• Price Target Upside: -15.88% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 64 Neutral
• Price Target: €16.50 ▲(7.84%Upside)

Fincantieri S.p.A. shows strong technical momentum, contributing positively to its score. Financial performance is improving, reflecting revenue growth and better profitability metrics, but high leverage and operational inefficiencies pose risks. Valuation is weak due to a negative P/E ratio without dividend yield, impacting the overall score.

Positive Factors

Dividend Prospects

The 2025 guidance shows further progression expected on BP targets, over-delivering on deleverage and with a potential return to dividend distribution.

Financial Health

The new net debt guidance implies an improvement of €200m, indicating better financial health.

Financial Performance

The company's FY24 results were broadly in line with expectations, with solid progression on profitability and strong delivery on deleverage and bottom line improvements.

Revenue Growth

The company is showing positive progression in Offshore, with revenues up by 47% in the quarter, accelerating compared to previous quarters.

Negative Factors

Debt Levels

Guidance has been improved on revenues, now seen in excess of €8.0bn, and on leverage ratio, now between 4.5x and 5.0x.

Market Competition

Strong opportunities are noted in the defense market, particularly in South-East Asia, the Middle-East, and Western countries like Norway, indicating increasing competition.

Fincantieri S.p.A. Business Overview & Revenue Model

Company Description

Fincantieri S.p.A. (FCT) is one of the world's largest shipbuilding groups, with a strong presence in the design and construction of complex vessels, including cruise ships, naval vessels, and offshore units. The company operates across multiple sectors, such as cruise ship construction, naval shipbuilding, and offshore and specialized vessels, serving both commercial and government clients. Fincantieri is headquartered in Trieste, Italy, and has shipyards and facilities in several countries worldwide.

How the Company Makes Money

Fincantieri S.p.A. generates revenue primarily through the design and construction of a wide range of vessels, including cruise ships, naval ships, and offshore vessels. The company secures contracts from both commercial clients, such as cruise lines and shipping companies, and government entities for naval and defense-related projects. Additionally, Fincantieri offers maintenance, repair, and conversion services for ships, which provide a recurring revenue stream. The company also engages in partnerships and collaborations with other industry leaders to enhance its technological capabilities and expand its market reach. These key revenue streams and strategic partnerships significantly contribute to Fincantieri's earnings.

Fincantieri S.p.A. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
9.41B	7.45B	7.35B	6.80B	5.78B	5.77B
	Gross Profit
-351.92M	1.55B	1.34B	1.49B	1.05B	1.25B
	EBIT
-1.60B	110.38M	-195.64M	198.42M	-132.40M	82.69M
	EBITDA
250.93M	395.24M	3.80M	383.08M	19.03M	179.95M
	Net Income Common Stockholders
-32.50M	-52.83M	-323.95M	21.78M	-244.52M	-123.91M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
691.83M	757.27M	564.58M	1.24B	1.27B	381.79M
	Total Assets
0.00	8.71B	8.71B	9.08B	8.69B	7.26B
	Total Debt
0.00	2.91B	3.21B	3.56B	3.82B	2.02B
	Net Debt
691.83M	2.16B	2.65B	2.32B	2.54B	1.64B
	Total Liabilities
0.00	8.28B	8.12B	8.25B	7.92B	6.21B
	Stockholders Equity
956.54M	433.12M	585.50M	818.58M	761.47M	1.02B
Cash Flow		Free Cash Flow
391.80M	378.40M	-352.60M	504.56M	-852.72M	-256.78M
	Operating Cash Flow
666.08M	636.73M	-57.72M	862.37M	-543.39M	22.24M
	Investing Cash Flow
-173.41M	-104.95M	-225.01M	-535.22M	-376.02M	-310.18M
	Financing Cash Flow
-395.45M	-331.26M	-389.52M	-377.51M	1.82B	-7.95M

Fincantieri S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:FCT, the sentiment is Positive. The current price of 15.3 is above the 20-day moving average (MA) of 13.98, above the 50-day MA of 11.92, and above the 200-day MA of 7.88, indicating a bullish trend. The MACD of 1.21 indicates Negative momentum. The RSI at 66.55 is Neutral, neither overbought nor oversold. The STOCH value of 52.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:FCT.

Fincantieri S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WBD	77 Outperform	€3.59B	18.13	11.69%	2.27%	18.70%	―
LDO	75 Outperform	€31.34B	29.21	12.77%	0.51%	16.17%	63.09%
AVIO	73 Outperform	€549.58M	90.29	2.02%	0.69%	38.67%	-6.16%
PRY	71 Outperform	€16.51B	23.55	15.32%	1.39%	20.34%	25.32%
IVG	68 Neutral	€5.85B	12.27		1.95%	-7.61%	62.12%
Sector *	66 Neutral	$4.48B	12.24	5.32%	248.54%	4.09%	-12.10%
FCT	64 Neutral	€5.03B	―		―	―	―