Porto Aviation Group S.P.A.
PAG.MI is an aerospace and defense company that generates revenue primarily through the design, production, and sale of industrial goods and systems for the aerospace and defense sectors.
Business. PAG.MI is an aerospace and defense company that operates within the Industrial Goods sector, primarily engaging in product sales. The firm is headquartered in Italy and is listed on the Borsa Italiana under the ticker PAG.MI. Specific details regarding its operating segments and geographic revenue mix are not available.
At a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
PAG.MI is an aerospace and defense company that operates within the Industrial Goods sector, primarily engaging in product sales. The firm is headquartered in Italy and is listed on the Borsa Italiana under the ticker PAG.MI. Specific details regarding its operating segments and geographic revenue mix are not available.
PAG.MI maintains a strong liquidity position, with cash and equivalents amounting to EUR 2,879,970, which is significantly higher than its long-term debt of EUR 1,829,800. The company's liquidity FPT (free cash flow to total liabilities) is robust, indicating a solid ability to meet short-term obligations. The current ratio of 2.54 further supports this, showing that the company has more than twice the current assets to cover its current liabilities.
In terms of profitability, PAG.MI's return on equity (ROE) of 14.28% and return on assets (ROA) of 6.41% are both above the industry median for Aerospace & Defense, suggesting that the company is effectively utilizing its equity and assets to generate returns. The operating margin of 19.37% (calculated from operating income of EUR 814,240 and revenue of EUR 4,204,190) is also in line with or above industry benchmarks, indicating strong operational efficiency.
The company's revenue is concentrated in the aerospace and defense sectors, with no disclosed geographic diversification in the provided data. This concentration may expose the company to sector-specific risks, such as changes in government defense spending or shifts in aerospace demand. However, the lack of geographic breakdown suggests that the company may not be overly reliant on any single region.
PAG.MI's growth trajectory appears stable, with a current FY outlook indicating a continuation of its recent performance. The company's free cash flow of EUR 373,920 and operating cash flow of EUR 506,030 support its ability to fund operations and potentially invest in future growth. The capital expenditure of EUR -363,580 (negative, indicating outflows) suggests that the company is investing in its operations, which could support long-term growth.
The risk assessment for PAG.MI indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The debt-to-equity ratio of 0.49 suggests a conservative capital structure, reducing the likelihood of financial distress. The company's low dilution risk is further supported by the absence of significant share issuance activity in the recent financial data.
Recent events, as reflected in the financial data, show a consistent performance with a mean price target of EUR 10.40 from analysts, which is higher than the current market price of EUR 8.9. The mean EPS estimate of EUR 0.40 is also higher than the last actual EPS of EUR 0.20, indicating positive expectations for earnings growth. These analyst estimates suggest that the market has a generally optimistic outlook for PAG.MI's future performance.
- PAG.MI has a strong liquidity position with a current ratio of 2.54 and significant cash reserves.
- The company's profitability metrics, including ROE of 14.28% and ROA of 6.41%, are above industry medians.
- PAG.MI's revenue is concentrated in the aerospace and defense sectors, with no disclosed geographic diversification.
- Analysts have a positive outlook, with a mean price target of EUR 10.40 and a mean EPS estimate of EUR 0.40.
- The company maintains a conservative capital structure with a low debt-to-equity ratio of 0.49.
- PAG.MI faces low liquidity and dilution risks, with no immediate filing-based flags detected.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,40 |
| Revenue | —no estimate | —no estimate | —no estimate |
| Operating income | —no estimate | —no estimate | 1,6M EUR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 209grant · 2026-06-03
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 195grant · 2026-06-03
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 12grant · 2026-06-03
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 12grant · 2026-06-03
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 98grant · 2026-06-03
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 178grant · 2026-06-03
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 105grant · 2026-03-05
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 13grant · 2026-03-05
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 534grant · 2026-03-05
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 223grant · 2026-03-05
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 208grant · 2026-03-05
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 13grant · 2026-03-05
- Director · Deferred Stock Units (Phantom Stock) → Common StockAcquired 190grant · 2026-03-05
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- PAG.MI Market data — financials · 2026-05-28
- Porto Aviation Group SpA Market data — analyst estimates · 2026-05-28
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,16 %$247M
- Investment Managers · as of 2026-03-310,04 %$216M
- Investment Managers · as of 2026-03-310,03 %$68M
- Institutional Investor · as of 2022-09-300,02 %$0M
- Investment Managers · as of 2026-03-310,01 %$86M
- Institutional Investor · as of 2026-03-310,01 %$58M
- Investment Managers · as of 2026-03-310,01 %$12M
- Investment Managers · as of 2024-06-300,01 %$361M
- Investment Managers · as of 2026-03-310,01 %$52M
- Investment Managers · as of 2026-03-310,01 %$86M
- Investment Managers · as of 2026-03-310,00 %$26M
- Funds · as of 2026-03-310,00 %$30M
- Investment Managers · as of 2025-12-310,00 %$269M
- Investment Managers · as of 2026-03-310,00 %$53M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$95M
- Investment Managers · as of 2026-03-310,00 %$22M
- Investment Managers · as of 2026-03-310,00 %$9M
- Brokerage Firms · as of 2026-03-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2024-12-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$22M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Brokerage Firms · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- EVP & CFO · Common StockSold 1 500 @ $171,80$258K · 2026-06-02
- EVP - Human Resources · Common StockOther 2 977 @ $170,44$507K · 2026-06-01
- Director, Chair & CEO, 10% owner · Common StockOther 27 598 @ $170,44$4,7M · 2026-06-01
- Director, President · Common StockOther 5 552 @ $170,44$946K · 2026-06-01
- EVP, Gen. Counsel & Sec. · Common StockOther 3 181 @ $170,44$542K · 2026-06-01
- EVP & CFO · Common StockOther 2 718 @ $170,44$463K · 2026-06-01
- Director · Common StockSold 1 488 @ $160,02$238K · 2026-05-18
- Director, President · Common StockOther 9 987 · 2026-02-25
- EVP - Human Resources · Common StockOther 4 994 · 2026-02-25
- EVP & CFO · Common StockOther 4 994 · 2026-02-25
- EVP, Gen. Counsel & Sec. · Common StockOther 4 994 · 2026-02-25
- Director, Chair & CEO, 10% owner · Common StockOther 39 949 · 2026-02-25
- Director · Common StockOther 1 488 · 2025-12-16
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Gross margin (FY 2025-12-31): 16.4%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 2.7%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -20.8%Derived (calculated)
- Net margin (FY 2025-12-31): 2.9%Derived (calculated)
- Return on equity (FY 2025-12-31): 16.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 5.3%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.99xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 2.16xDerived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -22.6%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -0.2%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -2.5%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -2.5%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -0.0%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 16.9%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -3.5%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -6.5%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -0.2%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 3.0%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 2.8%Derived (calculated)
- EPS (basic) (annual): USD-PER-SHARES 14SEC XBRL filing
- Gross profit (annual): USD 5.22BSEC XBRL filing
- Operating cash flow (annual): USD 975.1MSEC XBRL filing
- Shares outstanding (annual): 65.76MSEC XBRL filing
- Shareholders' equity (annual): USD 5.56BSEC XBRL filing