LDO.MI · Intrinsic value
Is Leonardo S.p.a. (LDO.MI) overvalued or undervalued?
Leonardo S.p.a. (LDO.MI) trades at the delayed market price of €50.42 a share. That price already implies revenue growth of 4.1% a year for 5 years. TickerWorth's fair value is €60.88 a share (priced within our range of €24.43 – €72.08). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is LDO.MI fairly valued?
- Fair value
- €60.88
- Market price
- €50.42
- Upside to fair value
- +20.7%
- Verdict
- Priced within our range of €24.43 – €72.08
Reverse DCF: Today's price implies revenue growth of 4.1% a year for 5 years; our model assumes 10.3% a year on average over the same horizon.
What is LDO.MI's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Industrials companies in Europe
Its strongest point: growing quickly. Its weakest: recent price trend has been weak.
- Value · 59 of 100
Cheaper than 59% of Industrials companies in Europe
- Price vs worth · 67 of 100
- Quality · 35 of 100
More profitable than 35% of Industrials companies in Europe
- Financial health · 50 of 100
Financially stronger than 50% of Industrials companies in Europe
- Growth · 82 of 100
Growing faster than 82% of Industrials companies in Europe
- Momentum · 17 of 100
Outperformed 17% of Industrials companies in Europe over the past year
Confidence: High confidence · Scored
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LDO.MI DCF valuation, input by input
TickerWorth's fair value for Leonardo S.p.a. (LDO.MI) is €60.88 a share, against the delayed market price of €50.42 (priced within our range of €24.43 – €72.08). We do not call it over- or undervalued from inside our range.
Read the full reasoning
It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values LDO.MI at about €68.36 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Leonardo S.p.a.'s projected free cash flows at a weighted-average cost of capital (WACC) of 6.8%, with a long-run terminal growth rate of 2.5%. About 83% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 4.1% annual revenue growth for LDO.MI. Our base case instead compounds to about 10.3% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, LDO.MI's modeled DCF value ranges from about €42.18 to €167.05 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Leonardo S.p.a. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of LDO.MI's intrinsic value. Figures update as new filings and prices come in.
Every input behind LDO.MI's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | €20,587,000,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 7.8% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 17% → 14% → 10% → 7% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.40 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 577M |
| Market priceLast known price · as of 2026-10-19 13:20 UTC | €50.42 |
Change LDO.MI's assumptions
The discount-rate dial and the editable model
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What does Leonardo S.p.a. do?
What does it do?
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. It offers a range of helicopters for battlefield/personnel recovery, combat, maritime, training, VIP/executive transport, medical and rescue, energy, security, and utility services, as well as provides support and training services. It operates in the Aerospace & Defense industry (Industrials sector), headquartered in Italy. The company employs roughly 66,510 people.
How does it make money?
The business turns 20.6B in annual revenue into profit. Out of every $100 of sales, about $8 is left as operating profit (operating margin of 7.8%), after a 40% gross margin on the products/services it sells. After all costs, taxes and interest, 5.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: carries modest debt (0.4× equity), may struggle to cover its short-term bills (0.9× current ratio), and is currently profitable.
LDO.MI insider trading
Insider filings are available for US-listed companies only.
Common questions
What is LDO.MI's intrinsic value?
TickerWorth's blended fair value for Leonardo S.p.a. (LDO.MI) is €60.88 per share, versus a market price of €50.42 (priced within our range of €24.43 – €72.08).
Is LDO.MI overvalued or undervalued?
Priced within our range of €24.43 – €72.08 at €50.42. We don't call LDO.MI overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for LDO.MI?
A WACC of 6.8% and a terminal growth rate of 2.5%.
Is Leonardo S.p.a. stock undervalued?
TickerWorth's fair value for Leonardo S.p.a. (LDO.MI) is €60.88 against a market price of €50.42. Our read: Priced within our range of €24.43 – €72.08. This is a model estimate, not investment advice.
Leonardo S.p.a. (LDO.MI) DCF valuation and fair value
Our fair value for Leonardo S.p.a. (LDO.MI) is €60.88, built on a 6.8% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Leonardo S.p.a. stock?
Today's price implies revenue growth of 4.1% a year for 5 years; our model assumes 10.3% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of €50.42. A model estimate, not investment advice.
Leonardo S.p.a. (LDO.MI) insider trading
We have no recent SEC Form 4 insider filings on file for Leonardo S.p.a. (LDO.MI). Form 4 covers US-listed companies only.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.