Avio S.p.A.
Avio S.p.A., through its subsidiaries, designs, develops, produces, and integrates space launchers in Italy and internationally. The company involved in the design, development, and production of solid and liquid propulsion systems for launchers; design, development, and production of solid propulsion systems for tactical missiles; development, integration, and supply of complete light space laun… Read more
Avio S.p.A. (0R9S) - Net Assets
Latest net assets as of December 2023: €310.35 Million EUR
Based on the latest financial reports, Avio S.p.A. (0R9S) has net assets worth €310.35 Million EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.06 Billion) and total liabilities (€744.75 Million). 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 | €310.35 Million |
| % of Total Assets | 29.41% |
| Annual Growth Rate | 0.25% |
| 5-Year Change | 2.13% |
| 10-Year Change | N/A |
| Growth Volatility | 3.86 |
Avio S.p.A. - Net Assets Trend (2016–2023)
This chart illustrates how Avio S.p.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Avio S.p.A. (2016–2023)
The table below shows the annual net assets of Avio S.p.A. from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €310.35 Million | +2.34% |
| 2022-12-31 | €303.26 Million | -2.28% |
| 2021-12-31 | €310.33 Million | -0.53% |
| 2020-12-31 | €311.99 Million | +2.67% |
| 2019-12-31 | €303.88 Million | +2.67% |
| 2018-12-31 | €295.99 Million | +4.88% |
| 2017-12-31 | €282.21 Million | -7.49% |
| 2016-12-31 | €305.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Avio S.p.A.'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 grown by 26883.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €82.28 Million | 27.37% |
| Common Stock | €90.96 Million | 30.26% |
| Other Comprehensive Income | €9.79 Million | 3.26% |
| Other Components | €117.59 Million | 39.11% |
| Total Equity | €300.62 Million | 100.00% |
Avio S.p.A. Competitors by Market Cap
The table below lists competitors of Avio S.p.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apex International Co Ltd
TW:4927
|
$302.89 Million |
|
Aubay Société Anonyme
PA:AUB
|
$303.01 Million |
|
MHP SE GDR S/2
F:MPQ
|
$303.01 Million |
|
Elior SCA
PA:ELIOR
|
$303.03 Million |
|
CMC Magnetics Corp
TW:2323
|
$302.78 Million |
|
Wuhan DDMC Culture Co Ltd
SHG:600136
|
$302.75 Million |
|
Obrascón Huarte Lain S.A
PINK:OBSJF
|
$302.72 Million |
|
Saha Pathana Inter-Holding PCL
BK:SPI
|
$302.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avio S.p.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 293,662,323 to 300,616,708, a change of 6,954,385 (2.4%).
- Net income of 6,487,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 212,998.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.49 Million | +2.16% |
| Other Comprehensive Income | €213.00K | +0.07% |
| Other Changes | €254.39K | +0.08% |
| Total Change | €- | 2.37% |
Book Value vs Market Value Analysis
This analysis compares Avio S.p.A.'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: 3.10x
- 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 3.62x to 3.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | €10.18 | €36.88 | x |
| 2016-12-31 | €10.17 | €36.88 | x |
| 2017-12-31 | €10.41 | €36.88 | x |
| 2018-12-31 | €10.48 | €36.88 | x |
| 2019-12-31 | €10.99 | €36.88 | x |
| 2020-12-31 | €11.46 | €36.88 | x |
| 2021-12-31 | €11.42 | €36.88 | x |
| 2022-12-31 | €11.62 | €36.88 | x |
| 2023-12-31 | €11.90 | €36.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avio S.p.A. 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): 2.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.89%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 3.51x
- Recent ROE (2.16%) is below the historical average (3.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.17% | 0.00% | 0.00x | 0.00x | €-30.02 Million |
| 2016 | -0.11% | -0.10% | 1.11x | 1.00x | €-30.84 Million |
| 2017 | 7.13% | 5.16% | 0.45x | 3.10x | €-7.82 Million |
| 2018 | 8.55% | 5.54% | 0.53x | 2.92x | €-4.12 Million |
| 2019 | 8.85% | 6.70% | 0.38x | 3.43x | €-3.41 Million |
| 2020 | 4.65% | 4.02% | 0.31x | 3.70x | €-16.23 Million |
| 2021 | 2.80% | 2.65% | 0.26x | 4.09x | €-21.77 Million |
| 2022 | -0.15% | -0.12% | 0.29x | 4.38x | €-29.80 Million |
| 2023 | 2.16% | 1.89% | 0.33x | 3.51x | €-23.57 Million |
Industry Comparison
This section compares Avio S.p.A.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avio S.p.A. (0R9S) | €310.35 Million | 0.17% | 2.40x | $302.86 Million |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |