Fincantieri FCT.MI
ItalyIndustrials · Aerospace & DefenseBorsa Italiana · EUR
17.70 EUR (+47.9%)
10 analysts
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Fincantieri is an Italian industrial group and global leader in shipbuilding, designing and manufacturing cruise ships, military vessels, and high-tech ships, with strong exposure to the defense sector and government contracts.
Listed on Borsa Italiana · Symbol FCT.MI · BIT: FCT · Currency EUR
Key points
from its scores- ✓Attractive valuation7.0
- ✕Poor share-price trend0.3
- ✕Little or no dividend1.5
- ✕Fragile balance sheet3.5
AI analysis
bottom line, main risk, context and newsValuation is reasonable, but high debt and governance risk limit upside potential.
Fincantieri shows fragile financial health with net debt of 3.16 times EBITDA and an operating margin of 4.94%, but its valuation is attractive with a forward P/E of 14.57 and an FCF yield of 15.24%. The 154.8% earnings growth is unsustainable given the -2.7% revenue decline, and governance risk in Italy adds uncertainty.
The main risk is the high debt (ND/EBITDA of 3.16) in a rising interest rate environment in Europe, which could pressure refinancing and operating margin, along with dependence on government contracts and geopolitical exposure in defense.
Context and risks
Fincantieri operates in Italy, a country with elevated governance risk according to the assigned profile, adding regulatory and political uncertainty. Additionally, its naval defense business depends on government contracts and exports to geopolitically risky markets, such as the Middle East, where tensions in the Strait of Hormuz could affect supply chains and demand.
Is Fincantieri stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 20% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 22.6 | 25.4 | −11% |
| EV / EBITDA | 10.2 | 14.5 | −30% |
| Price / book | 2.7 | 4.1 | −35% |
| Price / sales | 0.5 | 2.1 | −76% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 17.70 EUR, +47.9% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 3.5 (sector 6.4), Growth 5.8 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 22.6
- Forward P/E
- 14.6
- EV / EBITDA
- 10.2
- Price / book
- 2.7
- Price / sales
- 0.5
- PEG
- 0.28
- Market cap
- 4.3B EUR
- Enterprise value
- 6.2B EUR
Profitability
- ROE
- 14.9%
- ROA
- 2.3%
- ROIC (approx.)
- 10.5%
- Gross margin
- 22.7%
- Operating margin
- 4.9%
- Net margin
- 2.2%
- Free cash flow
- 655.9M EUR
- FCF yield
- 15.2%
- Cash conversion
- 108%
Solvency
- Total debt
- 2.5B EUR
- Net debt
- 1.9B EUR
- Cash
- 590.7M EUR
- EBITDA
- 606.7M EUR
- Net debt / EBITDA
- 3.16
- Debt / equity
- 157.27
- Current ratio
- 0.92
- Quick ratio
- 0.74
Growth
- Revenue growth
- −2.7%
- Earnings growth
- +154.8%
- EPS (TTM)
- 0.53 EUR
- EPS (forward)
- 0.82 EUR
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 0.79
- Analyst consensus
- Strong buy (10)
- Target price
- 17.70 EUR
- 52-week range
- 9.62 – 27.38
Recent news
All FCT.MI news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Fincantieri
Is Fincantieri stock cheap or expensive?
On P/E and EV / EBITDA, it trades 20% below the Industrials median on average. Valuation score: 7.0 out of 10 (median for Industrials: 5.0). Average analyst target: 17.70 EUR, +47.9% versus the price. This is not investment advice.
What score does Fincantieri get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,811 of 2,130 (better than 14% of the companies analysed). Its strongest category is Valuation (7.0) and its weakest, Momentum (0.3). Analysis of 08/10/2026.
What is Fincantieri's P/E ratio?
Its P/E is 22.6: the share price equals 22.6 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 14.6.
How much is Fincantieri worth on the stock market?
Its market capitalisation is 4.3B EUR and its enterprise value, debt included, is 6.2B EUR.
How much debt does Fincantieri have?
Its net debt (debt minus cash) is 1.9B EUR. That is 3.16 times its EBITDA; the Industrials median is 1.58.
Does Fincantieri pay a dividend?
It pays no dividend, or almost none.
How has Fincantieri stock performed over the last year?
It has fallen 53.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 9.62 and 27.38 EUR. Past performance does not guarantee future results.
What do analysts think of Fincantieri?
10 analysts cover it; their average recommendation is “Strong buy” and their average target is 17.70 EUR (+47.9% versus the price). It is an estimate, not market data.