Leonardo S.p.a
Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, cyber security and solutions, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States of America, and internationally. The company offers a range of helicopters for battlefield/personnel recovery, combat, maritime, training, VI… Read more
Leonardo S.p.a (FINMF) - Net Assets
Latest net assets as of June 2025: $10.12 Billion USD
Based on the latest financial reports, Leonardo S.p.a (FINMF) has net assets worth $10.12 Billion USD 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 | 5.26% |
| 5-Year Change | 81.01% |
| 10-Year Change | 137.1% |
| Growth Volatility | 13.77 |
Leonardo S.p.a - Net Assets Trend (2002–2024)
This chart illustrates how Leonardo 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 Leonardo S.p.a (2002–2024)
The table below shows the annual net assets of Leonardo S.p.a from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.20 Billion | +19.14% |
| 2023-12-31 | $8.56 Billion | +6.30% |
| 2022-12-31 | $8.05 Billion | +17.75% |
| 2021-12-31 | $6.84 Billion | +21.38% |
| 2020-12-31 | $5.63 Billion | -0.60% |
| 2019-12-31 | $5.67 Billion | +25.70% |
| 2018-12-31 | $4.51 Billion | -2.97% |
| 2017-12-31 | $4.65 Billion | -4.68% |
| 2016-12-31 | $4.88 Billion | +13.34% |
| 2015-12-31 | $4.30 Billion | +11.62% |
| 2014-12-31 | $3.85 Billion | +4.76% |
| 2013-12-31 | $3.68 Billion | -0.65% |
| 2012-12-31 | $3.70 Billion | -19.57% |
| 2011-12-31 | $4.60 Billion | -35.14% |
| 2010-12-31 | $7.10 Billion | +8.38% |
| 2009-12-31 | $6.55 Billion | +6.84% |
| 2008-12-31 | $6.13 Billion | +12.85% |
| 2007-12-31 | $5.43 Billion | +2.96% |
| 2006-12-31 | $5.28 Billion | +14.75% |
| 2005-12-31 | $4.60 Billion | +23.47% |
| 2004-12-31 | $3.72 Billion | +12.64% |
| 2003-12-31 | $3.31 Billion | +0.12% |
| 2002-12-31 | $3.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leonardo 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 678586700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.79 Billion | 72.91% |
| Common Stock | $2.60 Billion | 27.91% |
| Other Comprehensive Income | $-76.61 Million | -0.82% |
| Total Equity | $9.31 Billion | 100.00% |
Leonardo S.p.a Competitors by Market Cap
The table below lists competitors of Leonardo S.p.a ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eternal Limited
NSE:ETERNAL
|
$17.43 Billion |
|
Xpeng Inc
NYSE:XPEV
|
$17.43 Billion |
|
Orlen S.A.
PR:PKN
|
$17.45 Billion |
|
Kao Corporation
PINK:KAOCF
|
$17.51 Billion |
|
Shenzhen Inovance Tech
SHE:300124
|
$17.38 Billion |
|
Taishin Financial Holding Co Ltd
TW:2887
|
$17.36 Billion |
|
Twilio Inc
NYSE:TWLO
|
$17.34 Billion |
|
0A0X
LSE:0A0X
|
$17.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leonardo S.p.a'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 9,306,628,000, a change of 1,506,628,000 (19.3%).
- Net income of 1,074,000,000 contributed positively to equity growth.
- Dividend payments of 177,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 301,394,000.
- Other factors increased equity by 308,234,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.07 Billion | +11.54% |
| Dividends Paid | $177.00 Million | -1.9% |
| Other Comprehensive Income | $301.39 Million | +3.24% |
| Other Changes | $308.23 Million | +3.31% |
| Total Change | $- | 19.32% |
Book Value vs Market Value Analysis
This analysis compares Leonardo 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: 2.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.56x to 2.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $6.61 | $43.34 | x |
| 2003-12-31 | $7.07 | $43.34 | x |
| 2004-12-31 | $7.40 | $43.34 | x |
| 2005-12-31 | $9.44 | $43.34 | x |
| 2006-12-31 | $11.03 | $43.34 | x |
| 2007-12-31 | $12.56 | $43.34 | x |
| 2008-12-31 | $13.53 | $43.34 | x |
| 2009-12-31 | $11.00 | $43.34 | x |
| 2010-12-31 | $11.80 | $43.34 | x |
| 2011-12-31 | $7.45 | $43.34 | x |
| 2012-12-31 | $5.88 | $43.34 | x |
| 2013-12-31 | $5.85 | $43.34 | x |
| 2014-12-31 | $6.07 | $43.34 | x |
| 2015-12-31 | $7.45 | $43.34 | x |
| 2016-12-31 | $7.58 | $43.34 | x |
| 2017-12-31 | $7.31 | $43.34 | x |
| 2018-12-31 | $7.83 | $43.34 | x |
| 2019-12-31 | $9.26 | $43.34 | x |
| 2020-12-31 | $9.16 | $43.34 | x |
| 2021-12-31 | $11.17 | $43.34 | x |
| 2022-12-31 | $12.49 | $43.34 | x |
| 2023-12-31 | $13.56 | $43.34 | x |
| 2024-12-31 | $16.18 | $43.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leonardo 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): 11.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.05%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 3.62x
- Recent ROE (11.54%) is above the historical average (5.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.08% | 2.59% | 0.42x | 5.61x | $-128.80 Million |
| 2003 | 5.72% | 2.20% | 0.52x | 5.01x | $-141.40 Million |
| 2004 | 15.29% | 6.02% | 0.45x | 5.63x | $194.80 Million |
| 2005 | 8.39% | 3.25% | 0.52x | 4.92x | $-71.40 Million |
| 2006 | 19.04% | 7.93% | 0.53x | 4.50x | $469.50 Million |
| 2007 | 9.08% | 3.60% | 0.56x | 4.51x | $-48.90 Million |
| 2008 | 9.56% | 3.80% | 0.50x | 5.01x | $-26.40 Million |
| 2009 | 10.30% | 3.60% | 0.60x | 4.80x | $18.90 Million |
| 2010 | 7.24% | 2.64% | 0.60x | 4.56x | $-188.40 Million |
| 2011 | -53.62% | -13.32% | 0.57x | 7.11x | $-2.74 Billion |
| 2012 | -24.37% | -4.81% | 0.57x | 8.96x | $-1.17 Billion |
| 2013 | 0.83% | 0.17% | 0.55x | 8.59x | $-310.10 Million |
| 2014 | -0.88% | -0.21% | 0.53x | 7.95x | $-382.10 Million |
| 2015 | 11.38% | 3.75% | 0.50x | 6.13x | $59.00 Million |
| 2016 | 11.59% | 4.21% | 0.47x | 5.83x | $69.30 Million |
| 2017 | 6.60% | 2.36% | 0.47x | 5.88x | $-142.90 Million |
| 2018 | 11.31% | 4.16% | 0.48x | 5.67x | $59.10 Million |
| 2019 | 15.42% | 5.96% | 0.51x | 5.05x | $288.70 Million |
| 2020 | 4.58% | 1.80% | 0.50x | 5.14x | $-285.70 Million |
| 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 | 11.54% | 6.05% | 0.53x | 3.62x | $143.34 Million |
Industry Comparison
This section compares Leonardo S.p.a's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $121,635,637
- Average return on equity (ROE) among peers: -1.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leonardo S.p.a (FINMF) | $10.12 Billion | 6.08% | 2.23x | $17.41 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $12.51 Million | 89.71% | 5.45x | $0.94 |
| AAC Clyde Space AB (ACCMF) | $43.41 Million | -62.42% | 0.38x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $493.30 Million | -64.32% | 0.16x | $3.35 Billion |
| American Defense Systems Inc (ADFS) | $10.04 Million | -16.29% | 1.51x | $4.85K |
| AAR Corp (AIR) | $585.25 Million | 12.84% | 1.33x | $4.04 Billion |
| Air Industries Group (AIRI) | $-774.42K | 0.00% | 0.00x | $12.27 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-106.24 Million | 0.00% | 0.00x | $159.98 Million |
| Philly Shipyard ASA (AKRRF) | $138.18 Million | 9.85% | 0.94x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $-10.83 | 0.00% | 0.00x | $2.48 Million |
| Astronics Corporation (ATRO) | $40.67 Million | 15.98% | 0.75x | $2.29 Billion |