AEROJET ROCKETDYNE HOLDINGS (AJRD) Fundamental Analysis & Valuation

NYSE:AJRD • US0078001056

Current stock price

57.99 USD
+0.81 (+1.42%)
At close:
57.99 USD
0 (0%)
After Hours:

This AJRD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. AJRD Profitability Analysis

1.1 Basic Checks

  • In the past year AJRD was profitable.
  • AJRD had a negative operating cash flow in the past year.
AJRD Yearly Net Income VS EBIT VS OCF VS FCFAJRD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 100M 200M 300M

1.2 Ratios

  • The Return On Assets of AJRD (3.19%) is comparable to the rest of the industry.
  • AJRD has a better Return On Equity (13.10%) than 79.37% of its industry peers.
  • AJRD has a better Return On Invested Capital (8.78%) than 79.37% of its industry peers.
  • AJRD had an Average Return On Invested Capital over the past 3 years of 11.45%. This is above the industry average of 9.24%.
Industry RankSector Rank
ROA 3.19%
ROE 13.1%
ROIC 8.78%
ROA(3y)4.56%
ROA(5y)4.84%
ROE(3y)33.06%
ROE(5y)31.01%
ROIC(3y)11.45%
ROIC(5y)11.1%
AJRD Yearly ROA, ROE, ROICAJRD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 20 40

1.3 Margins

  • AJRD has a Profit Margin (3.21%) which is comparable to the rest of the industry.
  • AJRD's Profit Margin has declined in the last couple of years.
  • The Operating Margin of AJRD (8.96%) is better than 68.25% of its industry peers.
  • In the last couple of years the Operating Margin of AJRD has remained more or less at the same level.
  • AJRD has a Gross Margin of 14.13%. This is in the lower half of the industry: AJRD underperforms 68.25% of its industry peers.
  • AJRD's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 8.96%
PM (TTM) 3.21%
GM 14.13%
OM growth 3Y-7%
OM growth 5Y-0.52%
PM growth 3Y-22.13%
PM growth 5YN/A
GM growth 3Y-7.26%
GM growth 5Y-2.47%
AJRD Yearly Profit, Operating, Gross MarginsAJRD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 5 10 15

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3

2. AJRD Health Analysis

2.1 Basic Checks

  • AJRD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, AJRD has more shares outstanding
  • The debt/assets ratio for AJRD has been reduced compared to a year ago.
AJRD Yearly Shares OutstandingAJRD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M
AJRD Yearly Total Debt VS Total AssetsAJRD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • AJRD has an Altman-Z score of 3.19. This indicates that AJRD is financially healthy and has little risk of bankruptcy at the moment.
  • AJRD has a Altman-Z score of 3.19. This is comparable to the rest of the industry: AJRD outperforms 57.14% of its industry peers.
  • A Debt/Equity ratio of 0.51 indicates that AJRD is somewhat dependend on debt financing.
  • AJRD has a Debt to Equity ratio of 0.51. This is in the lower half of the industry: AJRD underperforms 61.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF N/A
Altman-Z 3.19
ROIC/WACC1.01
WACC8.67%
AJRD Yearly LT Debt VS Equity VS FCFAJRD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 200M 400M 600M

2.3 Liquidity

  • AJRD has a Current Ratio of 1.53. This is a normal value and indicates that AJRD is financially healthy and should not expect problems in meeting its short term obligations.
  • AJRD has a worse Current ratio (1.53) than 66.67% of its industry peers.
  • AJRD has a Quick Ratio of 1.51. This is a normal value and indicates that AJRD is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.51, AJRD perfoms like the industry average, outperforming 58.73% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.53
Quick Ratio 1.51
AJRD Yearly Current Assets VS Current LiabilitesAJRD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. AJRD Growth Analysis

3.1 Past

  • AJRD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.86%.
  • Measured over the past years, AJRD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.91% on average per year.
  • The Revenue has been growing slightly by 4.08% in the past year.
  • AJRD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.57% yearly.
EPS 1Y (TTM)-31.86%
EPS 3Y-6.27%
EPS 5Y13.91%
EPS Q2Q%-2.27%
Revenue 1Y (TTM)4.08%
Revenue growth 3Y4.13%
Revenue growth 5Y3.57%
Sales Q2Q%10.8%

3.2 Future

  • Based on estimates for the next years, AJRD will show a very strong growth in Earnings Per Share. The EPS will grow by 23.73% on average per year.
  • Based on estimates for the next years, AJRD will show a small growth in Revenue. The Revenue will grow by 6.01% on average per year.
EPS Next Y44.74%
EPS Next 2Y27.27%
EPS Next 3Y23.73%
EPS Next 5YN/A
Revenue Next Year8.54%
Revenue Next 2Y6.77%
Revenue Next 3Y6.01%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AJRD Yearly Revenue VS EstimatesAJRD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
AJRD Yearly EPS VS EstimatesAJRD Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

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2

4. AJRD Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 41.72, the valuation of AJRD can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of AJRD is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, AJRD is valued quite expensively.
  • The Price/Forward Earnings ratio is 25.57, which means the current valuation is very expensive for AJRD.
  • AJRD's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, AJRD is valued at the same level.
Industry RankSector Rank
PE 41.72
Fwd PE 25.57
AJRD Price Earnings VS Forward Price EarningsAJRD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • AJRD's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.91
AJRD Per share dataAJRD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as AJRD's earnings are expected to grow with 23.73% in the coming years.
PEG (NY)0.93
PEG (5Y)3
EPS Next 2Y27.27%
EPS Next 3Y23.73%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. AJRD Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.06%, AJRD is not a good candidate for dividend investing.
  • AJRD's Dividend Yield is a higher than the industry average which is at 0.36.
  • Compared to an average S&P500 Dividend Yield of 1.90, AJRD's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.06%

5.2 History

  • The dividend of AJRD decreases each year by -10.86%.
  • AJRD does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)-10.86%
Div Incr Years0
Div Non Decr Years0
AJRD Yearly Dividends per shareAJRD Yearly Dividends per shareYearly Dividends per share 2021 1 2 3 4

5.3 Sustainability

  • 2.71% of the earnings are spent on dividend by AJRD. This is a low number and sustainable payout ratio.
DP2.71%
EPS Next 2Y27.27%
EPS Next 3Y23.73%
AJRD Yearly Income VS Free CF VS DividendAJRD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 100M 200M 300M 400M
AJRD Dividend Payout.AJRD Dividend Payout, showing the Payout Ratio.AJRD Dividend Payout.PayoutRetained Earnings

More info and screens

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AJRD Fundamentals: All Metrics, Ratios and Statistics

AEROJET ROCKETDYNE HOLDINGS

NYSE:AJRD (7/27/2023, 8:04:00 PM)

After market: 57.99 0 (0%)

57.99

+0.81 (+1.42%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)07-24
Earnings (Next)10-30
Inst Owners0%
Inst Owner Change0%
Ins Owners1.45%
Ins Owner Change0%
Market Cap4.68B
Revenue(TTM)2.29B
Net Income(TTM)73.70M
Analysts43.33
Price Target57.12 (-1.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.06%
Yearly Dividend0.03
Dividend Growth(5Y)-10.86%
DP2.71%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.97%
Min EPS beat(2)-48.49%
Max EPS beat(2)-3.46%
EPS beat(4)0
Avg EPS beat(4)-27.9%
Min EPS beat(4)-59.15%
Max EPS beat(4)-0.49%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.98%
Min Revenue beat(2)2.75%
Max Revenue beat(2)3.21%
Revenue beat(4)2
Avg Revenue beat(4)-1.6%
Min Revenue beat(4)-8.89%
Max Revenue beat(4)3.21%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.75%
PT rev (3m)-1.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.36%
Revenue NY rev (1m)3.08%
Revenue NY rev (3m)3.08%
Valuation
Industry RankSector Rank
PE 41.72
Fwd PE 25.57
P/S 2.04
P/FCF N/A
P/OCF N/A
P/B 8.32
P/tB 12.5
EV/EBITDA 17.91
EPS(TTM)1.39
EY2.4%
EPS(NY)2.27
Fwd EY3.91%
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)-0.08
OCFYN/A
SpS28.39
BVpS6.97
TBVpS4.64
PEG (NY)0.93
PEG (5Y)3
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 3.19%
ROE 13.1%
ROCE N/A
ROIC 8.78%
ROICexc 10.58%
ROICexgc 12.25%
OM 8.96%
PM (TTM) 3.21%
GM 14.13%
FCFM N/A
ROA(3y)4.56%
ROA(5y)4.84%
ROE(3y)33.06%
ROE(5y)31.01%
ROIC(3y)11.45%
ROIC(5y)11.1%
ROICexc(3y)32.24%
ROICexc(5y)27.47%
ROICexgc(3y)87.08%
ROICexgc(5y)63.17%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-17.33%
ROICexgc growth 5Y-1.91%
ROICexc growth 3Y-13.99%
ROICexc growth 5Y-0.07%
OM growth 3Y-7%
OM growth 5Y-0.52%
PM growth 3Y-22.13%
PM growth 5YN/A
GM growth 3Y-7.26%
GM growth 5Y-2.47%
F-Score4
Asset Turnover0.99
Health
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF N/A
Debt/EBITDA 1.15
Cap/Depr 71.35%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.53
Quick Ratio 1.51
Altman-Z 3.19
F-Score4
WACC8.67%
ROIC/WACC1.01
Cap/Depr(3y)71.8%
Cap/Depr(5y)66.55%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-31.86%
EPS 3Y-6.27%
EPS 5Y13.91%
EPS Q2Q%-2.27%
EPS Next Y44.74%
EPS Next 2Y27.27%
EPS Next 3Y23.73%
EPS Next 5YN/A
Revenue 1Y (TTM)4.08%
Revenue growth 3Y4.13%
Revenue growth 5Y3.57%
Sales Q2Q%10.8%
Revenue Next Year8.54%
Revenue Next 2Y6.77%
Revenue Next 3Y6.01%
Revenue Next 5YN/A
EBIT growth 1Y-27.62%
EBIT growth 3Y-3.16%
EBIT growth 5Y3.04%
EBIT Next Year59.1%
EBIT Next 3Y21.59%
EBIT Next 5YN/A
FCF growth 1Y-118.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-102.09%
OCF growth 3YN/A
OCF growth 5YN/A

AEROJET ROCKETDYNE HOLDINGS / AJRD Fundamental Analysis FAQ

What is the fundamental rating for AJRD stock?

ChartMill assigns a fundamental rating of 4 / 10 to AJRD.


What is the valuation status of AEROJET ROCKETDYNE HOLDINGS (AJRD) stock?

ChartMill assigns a valuation rating of 2 / 10 to AEROJET ROCKETDYNE HOLDINGS (AJRD). This can be considered as Overvalued.


Can you provide the profitability details for AEROJET ROCKETDYNE HOLDINGS?

AEROJET ROCKETDYNE HOLDINGS (AJRD) has a profitability rating of 4 / 10.


What is the earnings growth outlook for AEROJET ROCKETDYNE HOLDINGS?

The Earnings per Share (EPS) of AEROJET ROCKETDYNE HOLDINGS (AJRD) is expected to grow by 44.74% in the next year.


How sustainable is the dividend of AEROJET ROCKETDYNE HOLDINGS (AJRD) stock?

The dividend rating of AEROJET ROCKETDYNE HOLDINGS (AJRD) is 3 / 10 and the dividend payout ratio is 2.71%.