Leonardo, all the news on the IPO Drs for the former Finmeccanica
Facts, numbers, indiscretions, comments and scenarios on the Ipo Drs under construction at Leonardo
Leonardo maneuvering in America on Drs, while the former Finmeccanica group, one year after a semi-formal announcement, has not yet appointed the top manager Paolo Messa, editor of Formiche , Formiche.net and Airpress , after relieving him about a year ago from the position of Director of Institutional Relations for Italy.
HOW LEONARDO GOES ON THE STOCK BAG
The stock market is not galvanized too much by the rumors of MF-Milano Finanza according to which the IPO of the US subsidiary, Drs, should take place within the 3-4 fourth quarter of this year. The Sec, writes MF-Milano Finanza , was sent the updated documents of the prospectus for the listing of the company active in defense electronics.
Not only Drs, what Leonardo will do according to Profumo
WHAT MF WRITTEN ON DRS
Following the words “approximate date of the public offering of shares”, it is written “as soon as practicable after registration of this document becomes effective”. According to market sources, the window expected by the parent company, after the ipo was put on pause on 24 March Leonardo due to "adverse market conditions that did not allow an adequate valuation of Drs", could reopen in the autumn. In any case, the aim would be to bring it to port by the end of the year.
What Leonardo will do with Airbus, Orange and Telespazio for the EuroQCI quantum network
THE WORDS OF PERFUME (LEONARDO) ON DRS
"The listing of Drs" remains in the programs, which "will be re-proposed when market conditions are favorable", said in May the number one of Leonardo, Alessandro Profumo, on the occasion of the quarterly report of the former Finmeccanica.
Alea, what does the company bought by Leonardo do
THE LATEST AFFAIRS OF DRS
Meanwhile, yesterday Drs – Mf pointed out – announced that its Airborne and Intelligence Systems division has obtained a contract from Cubic Corporation to supply additional P5 Combat Training Systems (P5CTS) for the F-35 Lightning II. "Positive news, since the rumors assume a short time frame for the listing of Drs that we believe probable", commented Bestinver Securities this morning, recalling that the IPO of Drs, then postponed, would have resulted in a total implicit valuation of 2.9 -3.2 billion dollars, estimating a multiple ev / ebita 2021 of about 12 times compared to Leonardo's 7, and would have entailed for the group a potential collection of about 650 million euros.
National cloud, how Tim, Leonardo, Fincantieri and Fastweb move with Google, Microsoft, Aws and Oracle
THE REPORT OF CITI ON LEONARDO
A Citi report on Leonardo reads: "For us this investment case is quite simple: if the company produces the level of cash generation that we believe it should, it will produce an average of 800 million euros or 1.4 euros per share per year from 2022 to 2025, about 20% return on free cash flow.
Leonardo, because the former Finmeccanica also enjoys the Fincantieri order in Indonesia
LEONARDO'S DRIVERS
What has changed especially considering that 2021 will not be exceptional? There are two drivers, explains Citi: civil aeronautics (mainly aerostructures) will absorb 350-400 million euros of working capital this year; all-round growth in the defense business, which translates into high profitability and higher cash generation. In factoring, in particular, free cash flow has increased significantly in recent years as Leonardo has had a greater contribution from prime contracts than in the past.
Leonardo, what will France do in Thales Alenia Space?
“In the long term, a mid-single digit growth company like Leonardo should return around 80-90% of the cash conversion rate: we expect an average of 75% over the next five years and we are evaluating the company on this basis. Using a 4.3% profit growth per year, a 75% cash conversion rate and a 9% Wacc, our DCF model leads us to a fair value for Leonardo of 10.5 euros per share, "he concluded. Citi.
What will Cdp, Leonardo, NTT do and not just for cyber startups
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/leonardo-tutte-le-novita-sullipo-drs-per-lex-finmeccanica/ on Wed, 23 Jun 2021 10:27:52 +0000.