ENAV S.p.A.

ENAV S.p.A.

5.01
EUR
+0.07
(+1.36%)
0.20EPS
26.66P/E
2.83BMarket Cap
Apr 21Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.9
0.89
0.91
1.15
1.57
1.57
1.61
1.36
1.48
1.68
1.78
1.85
1.82
1.88
Basic EPS, GAAP
0.06
0.04
0.07
0.11
0.19
0.21
0.22
0.1
0.14
0.19
0.21
0.23
0.17
0.2
Free Cash Flow per Basic Share
0.13
0.04
0.13
0.15
0.14
0.35
0.42
-0.49
-0.45
0.26
0.19
0.29
0.42
0.66
Dividend per Share
0.02
0.04
0.04
0.07
0.18
0.19
0.2
0.21
- -
0.11
0.2
0.23
0.27
- -
Book Value per Share
2.29
2.28
2.01
2.07
2.07
2.1
2.13
2
2.15
2.23
2.25
2.27
2.16
1.91
Tangible Book Value per Share
2.05
2.05
1.79
1.84
1.84
1.87
1.82
1.68
1.82
1.89
1.9
1.92
1.81
1.55
Basic Weighted Avg Shares
896
896
896
718
542
541
541
541
541
541
541
541
540
541
Sales/Revenue/Turnover
804
799
814
825
849
849
868
737
800
907
964
1,000
983
1,016
Operating Margin (%)
13.04
9.85
12.57
14.41
18.14
20.25
19.93
11.06
15.66
19.62
20.82
21.74
17.56
18.41
Depreciation Expense
151
156
147
143
140
138
139
138
129
126
128
132
126
- -
Net Income, GAAP
50
40
66
76
101
114
118
54
78
105
113
126
93
106
Effective Tax Rate (%)
44.92
40.71
30.96
33.44
29.39
29.04
28.74
16.96
24.08
29.29
30.18
29.74
29.76
28.78
Profit Margin (%)
6.16
5.01
8.12
9.25
11.96
13.47
13.65
7.37
9.79
11.57
11.71
12.59
9.47
10.45
Working Capital
300
304
177
184
313
439
477
208
11
-63
309
535
279
505
LT Debt
126
182
331
300
351
337
331
485
415
168
506
568
197
- -
Total Equity
1,242
1,234
1,091
1,120
1,120
1,138
1,156
1,085
1,163
1,207
1,219
1,229
1,169
1,035
Return on Invested Capital (%)
- -
3.08
4.53
5.48
7.2
7.96
8.2
3.8
4.35
5.81
6.85
7.49
5.62
8.24
Return on Capital (%)
- -
3.15
4.81
5.56
7.18
7.99
8.25
3.86
4.84
6.2
7.28
8.07
6.09
8.41
Return on Common Equity (%)
- -
3.23
5.69
6.91
9.06
10.13
10.34
4.85
6.98
8.87
9.32
10.29
7.77
10.01

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
382
- -
- -
LT Borrowings
188
99
- -
LT Finance Leases
9
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
540
540
540
Market Capitalization
2,521
2,792
2,829

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,048
- -
940
Cash, Cash Equivalents & STI
448
- -
240
Accounts Receivable, Net
261
269
341
Inventories
60
60
60
Total Current Liabilities
768
- -
435
Payables & Accruals
- -
- -
- -
ST Debt
382
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.76%
1.57%
-4.92%
Free Cash Flow
-18.49%
-18.34%
43.23%
Net Income, GAAP
8.18%
14.25%
-26.05%
Sales/Revenue/Turnover
2.16%
6.05%
-1.7%
Total Cash Common Dividend
- -
- -
17.45%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
185
258
301
255
1,000
2025
173
256
293
261
983
2026
188
275
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
0.07
0.12
0.07
0.23
2025
-0.05
0.07
0.11
0.05
0.17
2026
-0.04
0.08
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.23
2025
- -
- -
- -
- -
0.27
2026
- -
- -
- -
- -
- -

Company Description

CEO
Igor de Biasio
Full Time Employees
4,467
Sector
Transportation
Industry
Other transportation
Address
Via Salaria 716 Rome RM Italy 00138
IPO Date
Jul 26, 2016
Website
enav.it
Business
ENAV S.p.A. provides air navigation services including air traffic control, aeronautical information management, meteorological services, communication navigation and surveillance, flight inspection, engineering and maintenance of air traffic control equipment and systems; it also develops aeronautical information management software solutions and offers other services such as business development in Southeast Asia, global satellite monitoring for air traffic control in remote areas and low-altitude air traffic management for drones and remotely piloted aircraft. The company, founded in 1981 and headquartered in Rome, Italy, manages civil air traffic across Italian airspace and 45 airports through control towers and four area control centers, serving approximately 1.8 million flights annually while participating in the Single European Sky program for harmonized European air traffic management; it operates primarily in Italy with international activities in Europe and beyond, employing around 4,500 people and listing on the Milan Stock Exchange since 2016 with the Ministry of Economy and Finance as majority shareholder holding 53.3%. Recent developments include a March 2024 memorandum of understanding with Leonardo S.p.A. to jointly develop air traffic management technologies, services and training over 24 months; a December 2025 contract as lead contractor worth approximately EUR 102 million with Teledife, Techno Sky and Leonardo to upgrade Italian Air Force radar surveillance systems with ENAV's share at EUR 43.2 million; and strengthened cooperation with Guardia di Finanza announced in December 2025 on integrity, transparency and economic-financial interests protection.