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Fincantieri buys four underwater technology firms for around €600 million

Fincantieri acquires majority stakes in Next Geosolutions, WSense, Graal Tech and Defcomm for an initial investment of about €600 million. The acquisitions are intended to combine expertise in seabed survey, geoscience services, offshore construction support, unmanned under- and above-water drones and wireless underwater communications. Pro-forma, the underwater business is expected to generate revenues of €1.1 billion and a core profit of €220 million, which would achieve the targets planned for 2030 four years early. The transactions are expected to increase group profit by more than €60 million this year and by around €130 million by 2030; earnings per share are forecast to rise by about 30% by 2028 and by 20% by 2030. » More on de.investing.com

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In 2019, FINCANTIERI has already paid €0.10 in dividends. The last payout was in April 2019.

Fundamentals

Metric	Value
Market capitalization	€4.42bn
Number of shares	378.71m
52-week high/low	€21.20 - €9.62
Dividends	No
Beta	1.33
P/E ratio	17.71
PEG ratio	0.21
P/B ratio	2.51
P/S ratio	0.33

Company profile

Fincantieri S.p.A. operates in the shipbuilding industry worldwide. It operates in three segments: Shipbuilding; Offshore and Specialized Vessels; and Equipment, Systems and Infrastructure. The Shipbuilding segment designs and constructs cruise ships; expedition cruise vessels; naval vessels, such as aircraft carriers, destroyers, frigates, corvettes, patrol vessels, amphibious and logistic support ships, multirole and research vessels, special vessels, and submarines, as well as product lifecycle management, and training and assistance services; ship interiors comprising cabins, wet units, public areas, catering, glazing, and interior design solutions; and ship repairs, refitting, conversions, and refurbishment services. The Offshore and Specialized Vessels segment designs and constructs high-end offshore support vessels for offshore wind farms, and the oil and gas industry; specialized ships, such as cable-laying vessels and ferries; and unmanned vessels. The Equipment, Systems and Infrastructure segment offers energy generation/storage systems, such as electrical, electronic and electromechanical integrated systems, and entertainment systems; stabilization, propulsion, positioning, and power generation systems; and steam turbines, as well as designs and integrates systems with a focus on automation, cyber security, telecommunications, and critical infrastructures. This segment also is also involved in the design, construction, and assembly of steel structures on large project, including bridges, viaducts, airports, ports, maritime/hydraulic works, and large commercial and industrial buildings. The company provides dry-dock management; engineering, project, and supply chain management; information technology consultancy; mechanical products sale and after-sale; marine diesel engine maintenance; technological research and development; ship accommodation services; and charters boats, ships, and barges. The company was founded in 1959 and is headquartered in Trieste, Italy. Fincantieri S.p.A. is a subsidiary of CDP Equity S.p.A.