Fincantieri SpA (FCT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Fincantieri SpA €8.72, price €12.44, upside -29.9%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Fincantieri SpA
FCT · MIWeak valuationQuality is weak on top of the rich price.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €3.55 – €26.92 · fair‑value band €5.39 – €12.71 · the €12.44 price screens above the €8.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 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 (FCT) currently trades at €12.44, while our model-based Fair Value estimate is €8.72, implying the stock looks roughly 42.6% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €13.21 per share, and 9 of the 24 models we run sit above the €12.44 price.
Bear case: the Asset-Based group reads lowest at €1.86, and 15 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: €5.39 (bear) to €12.71 (bull), the price of €12.44 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 47/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Fincantieri SpA reported revenue of €9.2B in FY2025 versus €6.8B in FY2021, a compound +7.8%/yr. Reported net income was €123M in FY2025, compounding +54.2%/yr from FY2021.
Key figures
Market cap €4.6B · P/E ratio 23.5 · P/S ratio 0.31 · EPS (TTM) €0.5300 · Net margin 1.3% · Return on equity 14.9% · Return on assets (EBIT) 1.5% · Operating margin 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −30%, FCT screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 35
Revenue & earnings trend
Growth Forecast
FCT screens 43% overvalued. Compare with General Electric Company →
Earlier news
- Fincantieri SpA (FNCNF) Q2 2026 Earnings Call Highlights: Record Profits and Strategic Growth ...
- Assessing Fincantieri (BIT:FCT) Valuation After Recent Share Price Weakness
Compare Fincantieri SpA with another stock
Price, fair value, quality and upside side by side.
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 · 228 stocks
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Valuation of the Italy market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 | $319.22 | $92.68 | −71% |
| RTX Corporation RTX | $190.99 | $88.37 | −54% |
| Airbus SE AIR | €194.60 | €112.75 | −42% |
| Safran SA SAF | €332.00 | €365.20 | +10% |
| Lockheed Martin Corporation LMT | $522.34 | $440.05 | −16% |
| Howmet Aerospace Inc HWM | $225.36 | $52.47 | −77% |
| General Dynamics Corporation GD | $343.39 | $274.32 | −20% |
| Northrop Grumman Corporation NOC | $509.86 | $383.06 | −25% |
| TransDigm Group TDG | $1,112 | $1,224 | +10% |
| L3Harris Technologies, Inc LHX | $239.89 | $263.88 | +10% |
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Key figures of Fincantieri SpA
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