Fincantieri (FCT) Stock Price, Fundamentals & Analysis

Fincantieri (FCT) is a shipbuilding group headquartered in Trieste, Italy, listed on Borsa Italiana and active in the Industrials sector, specifically Aerospace & Defense. The company operates worldwide through four segments: Shipbuilding; Offshore and Specialized Vessels; Underwater; and Equipment, Systems, and Infrastructure. Its portfolio ranges from cruise ships and submarines to aircraft carriers, frigates, offshore support vessels, and ferries, alongside ship repairs, refitting, and interior solutions, plus technologies such as acoustic sensors, radar, and systems for autonomous vessels. It employs around 24,451 people.

What FCT does

Fincantieri designs and builds commercial and naval vessels: cruise ships, expedition cruise vessels, offshore wind plant vessels, cable-laying ships, and military platforms like destroyers, corvettes, and patrol vessels. Beyond construction, it provides lifecycle management, training, refurbishment, and environmental-impact-reducing products. In this sense it sits near peers such as Leonardo (LDO) and Avio (AVIO) in the Italian defense and aerospace landscape.

Key numbers explained

• Market capitalization of 4.24B EUR: the total market value of all shares — Fincantieri is a mid-sized listed company.
• P/E ratio: price divided by earnings per share. The trailing P/E of 22.2 is based on the last twelve months, while the forward P/E of 14.3 reflects expected earnings — a lower forward figure means earnings are anticipated to rise.
• Earnings per share of 0.53 EUR over the trailing twelve months.
• Dividend yield of 0%: the company currently pays no dividend (payout ratio 0%; last ex-dividend date Apr 15, 2019), so returns depend on share price movement.
• Revenue of 8.8B EUR, down -2.7% year over year, with a 2.2% profit margin and 4.9% operating margin — typical of capital-intensive shipbuilding.
• Return on equity of 14.9%, but a debt-to-equity ratio of 157.3%, meaning debt exceeds equity.
• Beta of 0.79 suggests the stock has historically moved less than the overall market.
• The share price of 11.78 EUR (+0.21% today) sits well below its 52-week range of 9.62 – 27.38, after a -47.6% decline over the last year; price-to-book is 2.61.

What to watch

As a cyclical industrial, Fincantieri's results depend on cruise and merchant shipbuilding demand, naval defense budgets, and order backlogs. Margin sensitivity to steel prices, financing costs, and execution on large contracts is typical for the sector. Broader market sentiment toward Italian industrials — visible across peers like Prysmian (PRY) and Iveco (IVG) — and the wider FTSE MIB index also influences how the stock trades.