Company Profile

Leonardo S.p.A.

LDO · MI
Industry
Aerospace & Defense
Exchange
MI
Current Price
€53.93
Jul 7, 2026 close
Fair Buy
≤ €43
Margin-of-safety entry
Baillie Growth Score
41/100
Weak
Intrinsic Value · Three-Tier Range Current price €53.93 · Within the fair intrinsic-value range

Composite valuation range · conservative €39–€43 / fair €51–€60 / optimistic €67–€74. At €53.93, Within the fair intrinsic-value range.

About the company

Company overview coming soon.

Background

History

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Industry position

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Research on this stock
41/100 Hold Leonardo: A Re-Rating With Real Earnings Behind It, Priced Like the Quality Gap to BAE and Thales Is Already Closed Leonardo S.p.A. is Italy's state-influenced aerospace and defense group, whose profit engine sits in defense electronics and helicopters and is now backed by a €56.8 billion Q1 2026 order backlog. FY2025 orders reached €23.8 billion and EBITA €1.75 billion as Europe's rearmament cycle drove a sharp re-rating, yet the stock now trades near a 30.9x trailing P/E, roughly matching cleaner peers such as Thales and BAE Systems even though Leonardo still carries a persistent state-governance discount and weaker aerostructures drag. Rating Hold: order momentum and cash generation are real, but the price already assumes much of the quality convergence that has not yet fully happened, leaving the ideal buy zone at €39-43. Leonardo S.p.A.LDO · MIAerospace & DefenseJul 7, 2026