Added to YB: 2026-09-22
Pitch date: 2026-09-16
AVIO.MI [bullish]
Avio S.p.A.
+2.16%
current return
Author Info
Quartz Sea Research is a team of European financial professionals sharing institutional-grade coverage within the European investment universe. Sign up for the newsletter.
Company Info
Avio S.p.A. designs, develops, produces, and integrates space launchers in Italy and internationally.
Market Cap
EUR 1.3B
Pitch Price
EUR 28.73
Price Target
N/A
Dividend
0.52%
EV/EBITDA
25.35
P/E
60.12
EV/Sales
1.34
Sector
Aerospace and Defense
Category
value
The European Missile Landscape - Avio S.p.A.
AVIO.MI: Avio is mispriced as a commercial space launcher exposed to Vega-C delays and ESA friction, overlooking tactical solid propulsion’s high-margin, inflation-indexed defense cash flows. Defense generated €50.0M of H1 2026 revenue, up 25%, with a €327.7M backlog and 18-20% EBITDA margins; its revenue mix should rise from 18-22% toward 25% as Aster 30 and CAMM-ER production scales, providing a floor against launch volatility.
Read full article (1 min)