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Fincantieri SpA (0QWN) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Fincantieri SpA €12.61, price €12.01, upside +5.0%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Industrials · GB · Home Italy · ISIN IT0001415246

FS Thin data Sep 24, 2026

Fincantieri SpA

0QWN · LSE

Low PriorityFair Value upside is limited and quality is weak.

·Fair value €12.61 · Fairly valued (+5.0%)
!Quality 29/100
!Mixed Growth (revenue 3y +5.4 %/yr)
!Thin margins · 1.4% net margin (TTM)
!High debt
!Mixed vs. peers (5/11)
!Narrow moat 30/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€26.82 €3.55 Fair Value €12.61 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range €3.55 – €26.82 · fair‑value band €6.74 – €18.48 · the €12.01 price screens below the €12.61 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Fincantieri S.p.A. operates in the shipbuilding industry worldwide. It operates through four segments: Shipbuilding; Offshore and Specialized Vessels; Underwater; and Equipment, Systems, and Infrastructure.

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Fincantieri S.p.A. operates in the shipbuilding industry worldwide. It operates through four segments: Shipbuilding; Offshore and Specialized Vessels; Underwater; and Equipment, Systems, and Infrastructure. The company designs and constructs cruise ships, submarines, offshore support vessels, specialized vessels, and offshore wind plant vessels, as well as semi-submersible drilling ships and platforms products; cable-laying vessels and ferries; unmanned vessels; expedition cruise vessels; and aircraft carriers, destroyers, frigates, corvettes, patrol vessels, amphibious and logistic support ships, multirole and research vessels, and special vessels. It also provides product lifecycle management, and training and assistance services; cabins, wet units, public areas, catering, glazing, and interior design solutions; and ship repairs, refitting, conversions, and refurbishment services, as well as products that reduce environmental impact. In addition, the company offers technologies in the field of effectors, acoustic sensors, unmanned, radar, advanced communication systems, and top-side systems of autonomous vessels. Further, it provides electrical, and electronic and electromechanical integrated systems; stabilization, propulsion, positioning, and power generation systems; and steam turbines, as well as designs and integrates systems on automation, cyber security, telecommunications, and critical infrastructures and designs, constructs, and assembles bridges, viaducts, airports, ports, maritime/hydraulic works, large commercial and industrial buildings, and facility management. Additionally, the company provides dry-dock management; engineering, project, and supply chain management; IT consultancy; mechanical products sale and after-sale; marine diesel engine maintenance; technological research and development; ship accommodation services; and charters boats, ships, and barges. Fincantieri S.p.A. was founded in 1959 and is headquartered in Trieste, Italy.

Stock analysis

Fincantieri SpA (0QWN) currently trades at €12.01, while our model-based Fair Value estimate is €12.61, so the stock looks roughly fairly valued today (gap 4.8%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 85/100, which puts the evidence level at low.

Scenario range: €6.74 (bear) to €18.48 (bull), the price of €12.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 29/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Fincantieri SpA reported revenue of €5.9B in FY2020 versus €4.4B in FY2016, a compound +7.3%/yr. Reported net income was −€240M in FY2020.

Key figures

Market cap €943M · P/S ratio 0.11 · Net margin −4.1% · Return on equity 12.8% · Return on assets (EBIT) 1.5% · Operating margin 3.9% · Revenue (TTM) €8.9B · Revenue growth (YoY) −7.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at 5%, 0QWN screens cheaper than that median.

Fair Value models

Bear €6.74 Fair Value €12.61 Bull €18.48
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EV/EBITDA €6.14 €11.49 €16.84 64
NCAV (Graham) €4.85 €6.50 €9.69 54
All 2 models by family
Multiples
EV/EBITDA €6.14 €11.49 €16.84 64
Asset-Based
NCAV (Graham) €4.85 €6.50 €9.69 54

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Quality Score breakdown

Overall quality 29/100

Of which business quality 26 · Market factors (momentum, volatility) 34

Profitability 16
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 0
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
2.2% (2016) → −1.7% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

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Compare Fincantieri SpA with another stock

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 227 stocks

Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 26 · Bottom 25%
Fair Value upside +5.0% · Top 25%
Profitability
Return on equity (TTM) 12.8% · Above median
Return on assets 2.0% · Below median
Net margin (TTM) 1.4% · Bottom 25%
Operating margin (TTM) 3.9% · Below median
Growth and dividend
Revenue growth −7.8% · Bottom 25%
Balance sheet
Debt / equity 2.70× · Highest 25%

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/B 1.39× · Cheapest 25%
P/S (TTM) 0.12× · Cheapest 25%
EV/EBITDA 5.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)40 · sector 0
FUTURE (revenue growth)0 · sector 63
PAST (return on equity)51 · sector 38
HEALTH (low debt)0 · sector 94
DIVIDEND (yield)0 · sector 19

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
General Electric Company GE $312.29 $92.61 −70%
RTX Corporation RTX $185.01 $88.30 −52%
Airbus SE AIR €185.60 €112.14 −40%
Lockheed Martin Corporation LMT $509.25 $439.62 −14%
Howmet Aerospace Inc HWM $230.94 $52.67 −77%
General Dynamics Corporation GD $334.16 $274.19 −18%
Northrop Grumman Corporation NOC $504.61 $382.98 −24%
TransDigm Group TDG $1,116 $1,228 +10%
Thales S.A HO €222.70 €170.99 −23%
Rheinmetall AG RHM €956.90 €313.19 −67%

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Cite: Fair Value Calculator (2026). "Fincantieri SpA Fair Value". https://www.fairvalue-calculator.com/stock/0QWN

Frequently asked questions

Is Fincantieri SpA (0QWN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €12.61 versus a price of €12.01, about +5% upside (fairly valued).
What is the fair value of 0QWN?
Our model-based fair value for Fincantieri SpA is €12.61 (as of Sep 24, 2026), built from audited fundamentals. The current price: €12.01.
What is the quality score of 0QWN?
Fincantieri SpA has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Fincantieri SpA (0QWN)?
Our model-based price target is the fair value of €12.61 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario €6.74, optimistic scenario €18.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Fincantieri SpA stock forecast for 2026?
Our models put fair value at €12.61, about +5% upside versus a price of €12.01 (fairly valued). Cautious scenario €6.74, optimistic scenario €18.48. The calculation is refreshed regularly with new filings.
What is the revenue of Fincantieri SpA (0QWN)?
Fincantieri SpA reported trailing-twelve-month revenue of about €8.9B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Fincantieri SpA (0QWN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fincantieri SpA it is €12.61 per share (as of Sep 24, 2026), against a price of €12.01. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Fincantieri SpA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0QWN trades below its calculated fair value: price €12.01, fair value €12.61, a gap of about +5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0QWN?
No. The price is what the market pays today (€12.01); the fair value is what the company's own numbers justify (€12.61). For Fincantieri SpA the two are €0.6000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fincantieri SpA worth?
The market values Fincantieri SpA at about €943M (market capitalisation, as of Sep 24, 2026). Per share that is €12.01; our models calculate a fair value of €12.61 per share.
What do the bullish and bearish scenarios say about 0QWN?
Our models span a range for Fincantieri SpA: cautious scenario €6.74, base €12.61, optimistic €18.48 per share (as of Sep 24, 2026, price €12.01). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Fincantieri SpA (0QWN)?
Balance-sheet figures for Fincantieri SpA (as of Sep 24, 2026): return on equity 12.8%, debt of 2.70 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 0QWN from its 52-week high?
Fincantieri SpA trades at €12.01, about 55% below its 52-week high of €26.82 and 22% above the low of €9.81 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €12.61 is for.
Which stocks are comparable to Fincantieri SpA?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Fincantieri SpA stock attractive at the current price?
The data as of Sep 24, 2026: price €12.01, calculated fair value €12.61 (+5%), Quality Score 29/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0QWN calculated?
We run Fincantieri SpA through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €12.61, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Fincantieri SpA currently trades 5 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Fincantieri SpA (0QWN)?
The closing price on Oct 2, 2026 was €12.01. Our model-based fair value is €12.61, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fincantieri SpA right now?
The model range is unusually wide (€6.74 to €18.48). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Fincantieri SpA

How large is the market capitalisation of Fincantieri SpA (0QWN)?
The market capitalisation of Fincantieri SpA is €943M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Fincantieri SpA (0QWN)?
The price-to-sales ratio of Fincantieri SpA is 0.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Fincantieri SpA (0QWN)?
The net margin of Fincantieri SpA is −4.1% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fincantieri SpA (0QWN)?
The return on equity (ROE) of Fincantieri SpA is 12.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Fincantieri SpA (0QWN)?
On an EBIT basis the return on assets of Fincantieri SpA is 1.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Fincantieri SpA (0QWN)?
The operating margin of Fincantieri SpA is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fincantieri SpA (0QWN)?
Revenue at Fincantieri SpA is growing −7.8% versus a year earlier (3y avg +5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fincantieri SpA (0QWN)?
Earnings per share at Fincantieri SpA are growing +20.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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