U.S. Markets closed

Why Fundamental Investors Might Love ENAV S.p.A. (BIT:ENAV)

Simply Wall St

Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card!

ENAV S.p.A. (BIT:ENAV) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of ENAV, it is a company with great financial health as well as a a strong track record of performance. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on ENAV here.

Excellent balance sheet with proven track record

ENAV delivered a satisfying double-digit returns of 5.8% in the most recent year Unsurprisingly, ENAV surpassed the industry return of 5.8%, which gives us more confidence of the company's capacity to drive earnings going forward. ENAV's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This implies that ENAV manages its cash and cost levels well, which is a crucial insight into the health of the company. ENAV appears to have made good use of debt, producing operating cash levels of 0.87x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.

BIT:ENAV Income Statement, April 8th 2019

Next Steps:

For ENAV, I've put together three key factors you should further research:

  1. Future Outlook: What are well-informed industry analysts predicting for ENAV’s future growth? Take a look at our free research report of analyst consensus for ENAV’s outlook.
  2. Valuation: What is ENAV worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether ENAV is currently mispriced by the market.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ENAV? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.