Leonardo SpA
Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, VIP/executive transport, medical and rescue, security, energy,… Read more
Leonardo SpA (0ONG) - Net Assets
Latest net assets as of June 2025: €10.12 Billion EUR
Based on the latest financial reports, Leonardo SpA (0ONG) has net assets worth €10.12 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€32.70 Billion) and total liabilities (€22.57 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €10.12 Billion |
| % of Total Assets | 30.95% |
| Annual Growth Rate | 16.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.78 |
Leonardo SpA - Net Assets Trend (2021–2024)
This chart illustrates how Leonardo SpA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Leonardo SpA (2021–2024)
The table below shows the annual net assets of Leonardo SpA from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €10.20 Billion | +19.14% |
| 2023-12-31 | €8.56 Billion | +11.20% |
| 2022-12-31 | €7.70 Billion | +19.27% |
| 2021-12-31 | €6.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leonardo SpA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €8.99 Billion | 100.00% |
| Total Equity | €8.99 Billion | 100.00% |
Leonardo SpA Competitors by Market Cap
The table below lists competitors of Leonardo SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SK Square Co Ltd
KO:402340
|
$26.30 Billion |
|
Otsuka Holdings Co. Ltd
F:OS1
|
$26.35 Billion |
|
Anglo American plc
OTCQX:AAUKF
|
$26.36 Billion |
|
Sea Ltd
NYSE:SE
|
$26.41 Billion |
|
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock
PINK:STRF
|
$26.25 Billion |
|
Fairfax Financial Holdings Ltd
PINK:FRFHF
|
$26.16 Billion |
|
MS&AD Insurance Group Holdings Inc
PINK:MSADF
|
$26.16 Billion |
|
Sea Limited
LSE:0A3T
|
$26.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leonardo SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,800,000,000 to 8,990,000,000, a change of 1,190,000,000 (15.3%).
- Net income of 1,074,000,000 contributed positively to equity growth.
- Dividend payments of 177,000,000 reduced retained earnings.
- Other factors increased equity by 293,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.07 Billion | +11.95% |
| Dividends Paid | €177.00 Million | -1.97% |
| Other Changes | €293.00 Million | +3.26% |
| Total Change | €- | 15.26% |
Book Value vs Market Value Analysis
This analysis compares Leonardo SpA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.70x to 4.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €11.17 | €63.71 | x |
| 2022-12-31 | €12.49 | €63.71 | x |
| 2023-12-31 | €13.56 | €63.71 | x |
| 2024-12-31 | €15.60 | €63.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leonardo SpA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.05%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 3.75x
- Recent ROE (11.95%) is above the historical average (10.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 9.12% | 4.15% | 0.50x | 4.41x | €-56.80 Million |
| 2022 | 12.91% | 6.30% | 0.51x | 3.98x | €208.70 Million |
| 2023 | 8.44% | 4.30% | 0.50x | 3.94x | €-122.00 Million |
| 2024 | 11.95% | 6.05% | 0.53x | 3.75x | €175.00 Million |
Industry Comparison
This section compares Leonardo SpA's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $140,689,033
- Average return on equity (ROE) among peers: -11.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leonardo SpA (0ONG) | €10.12 Billion | 9.12% | 2.23x | $26.26 Billion |
| Fincantieri SpA (0QWN) | $586.90 Million | -52.63% | 13.84x | $6.87 Billion |
| Defence Holdings Plc (ALRT) | $-231.00K | 0.00% | 0.00x | $437.81 |
| Avon Protection PLC (AVON) | $22.46 Million | 0.00% | 4.00x | $61.23K |
| Cohort (CHRT) | $85.05 Million | 6.42% | 1.24x | $67.49K |
| Velocity Composites plc (VEL) | $9.26 Million | -10.73% | 0.59x | $1.03K |