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DASSAULT AVIATION SA (AM.PA) Stock Fundamental Analysis

EPA:AM - Euronext Paris - Matif - FR0014004L86 - Common Stock - Currency: EUR

311.4  -3.6 (-1.14%)

Fundamental Rating

5

Overall AM gets a fundamental rating of 5 out of 10. We evaluated AM against 39 industry peers in the Aerospace & Defense industry. AM has an average financial health and profitability rating. AM is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

AM had positive earnings in the past year.
In the past year AM had a positive cash flow from operations.
In the past 5 years AM has always been profitable.
In multiple years AM reported negative operating cash flow during the last 5 years.
AM.PA Yearly Net Income VS EBIT VS OCF VS FCFAM.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

1.2 Ratios

AM has a Return On Assets (2.91%) which is comparable to the rest of the industry.
AM has a Return On Equity (13.66%) which is in line with its industry peers.
The Return On Invested Capital of AM (5.03%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 2.91%
ROE 13.66%
ROIC 5.03%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
AM.PA Yearly ROA, ROE, ROICAM.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

The Profit Margin of AM (16.01%) is better than 94.87% of its industry peers.
In the last couple of years the Profit Margin of AM has grown nicely.
The Operating Margin of AM (7.27%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AM has declined.
AM has a better Gross Margin (39.72%) than 66.67% of its industry peers.
AM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 7.27%
PM (TTM) 16.01%
GM 39.72%
OM growth 3Y4.94%
OM growth 5Y-4.4%
PM growth 3Y21.01%
PM growth 5Y8.89%
GM growth 3Y4.43%
GM growth 5Y3.15%
AM.PA Yearly Profit, Operating, Gross MarginsAM.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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4

2. Health

2.1 Basic Checks

AM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for AM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AM.PA Yearly Shares OutstandingAM.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
AM.PA Yearly Total Debt VS Total AssetsAM.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B 20B

2.2 Solvency

The Debt to FCF ratio of AM is 0.11, which is an excellent value as it means it would take AM, only 0.11 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AM (0.11) is better than 100.00% of its industry peers.
AM has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of AM (0.03) is better than 97.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.11
Altman-Z N/A
ROIC/WACC0.62
WACC8.14%
AM.PA Yearly LT Debt VS Equity VS FCFAM.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

A Current Ratio of 1.05 indicates that AM should not have too much problems paying its short term obligations.
With a Current ratio value of 1.05, AM is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
A Quick Ratio of 0.76 indicates that AM may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.76, AM is in line with its industry, outperforming 58.97% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 0.76
AM.PA Yearly Current Assets VS Current LiabilitesAM.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 108.13% over the past year.
AM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.56% yearly.
AM shows a strong growth in Revenue. In the last year, the Revenue has grown by 82.69%.
Measured over the past years, AM shows a decrease in Revenue. The Revenue has been decreasing by -3.28% on average per year.
EPS 1Y (TTM)108.13%
EPS 3Y17.38%
EPS 5Y6.56%
EPS Q2Q%182.62%
Revenue 1Y (TTM)82.69%
Revenue growth 3Y-4.86%
Revenue growth 5Y-3.28%
Sales Q2Q%148.82%

3.2 Future

AM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.79% yearly.
AM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.76% yearly.
EPS Next Y16.06%
EPS Next 2Y18.57%
EPS Next 3Y17.98%
EPS Next 5Y14.79%
Revenue Next Year18.57%
Revenue Next 2Y20.41%
Revenue Next 3Y17.5%
Revenue Next 5Y13.76%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AM.PA Yearly Revenue VS EstimatesAM.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B 10B
AM.PA Yearly EPS VS EstimatesAM.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15 20

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 17.46, which indicates a rather expensive current valuation of AM.
Based on the Price/Earnings ratio, AM is valued cheaper than 94.87% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.81. AM is valued slightly cheaper when compared to this.
AM is valuated rather expensively with a Price/Forward Earnings ratio of 21.78.
64.10% of the companies in the same industry are more expensive than AM, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of AM to the average of the S&P500 Index (21.91), we can say AM is valued inline with the index average.
Industry RankSector Rank
PE 17.46
Fwd PE 21.78
AM.PA Price Earnings VS Forward Price EarningsAM.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

AM's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AM indicates a rather cheap valuation: AM is cheaper than 94.87% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.86
EV/EBITDA 17.45
AM.PA Per share dataAM.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

AM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AM's earnings are expected to grow with 17.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.09
PEG (5Y)2.66
EPS Next 2Y18.57%
EPS Next 3Y17.98%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.62%, AM has a reasonable but not impressive dividend return.
AM's Dividend Yield is rather good when compared to the industry average which is at 1.18. AM pays more dividend than 87.18% of the companies in the same industry.
AM's Dividend Yield is slightly below the S&P500 average, which is at 2.39.
Industry RankSector Rank
Dividend Yield 1.62%

5.2 History

The dividend of AM is nicely growing with an annual growth rate of 14.73%!
Dividend Growth(5Y)14.73%
Div Incr Years3
Div Non Decr Years3
AM.PA Yearly Dividends per shareAM.PA Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 1 2 3

5.3 Sustainability

32.77% of the earnings are spent on dividend by AM. This is a low number and sustainable payout ratio.
AM's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP32.77%
EPS Next 2Y18.57%
EPS Next 3Y17.98%
AM.PA Yearly Income VS Free CF VS DividendAM.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B 4B
AM.PA Dividend Payout.AM.PA Dividend Payout, showing the Payout Ratio.AM.PA Dividend Payout.PayoutRetained Earnings

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DASSAULT AVIATION SA

EPA:AM (3/28/2025, 12:20:27 PM)

311.4

-3.6 (-1.14%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)03-05 2025-03-05/amc
Earnings (Next)07-22 2025-07-22
Inst Owners9.8%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap24.48B
Analysts76.19
Price Target236.18 (-24.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.62%
Yearly Dividend3.04
Dividend Growth(5Y)14.73%
DP32.77%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)0%
PT rev (3m)3.76%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-5.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-2.98%
Valuation
Industry RankSector Rank
PE 17.46
Fwd PE 21.78
P/S 4.85
P/FCF 11.86
P/OCF 10.06
P/B 4.14
P/tB 4.25
EV/EBITDA 17.45
EPS(TTM)17.83
EY5.73%
EPS(NY)14.29
Fwd EY4.59%
FCF(TTM)26.27
FCFY8.44%
OCF(TTM)30.94
OCFY9.94%
SpS64.2
BVpS75.26
TBVpS73.21
PEG (NY)1.09
PEG (5Y)2.66
Profitability
Industry RankSector Rank
ROA 2.91%
ROE 13.66%
ROCE 6.02%
ROIC 5.03%
ROICexc N/A
ROICexgc N/A
OM 7.27%
PM (TTM) 16.01%
GM 39.72%
FCFM 40.92%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y4.94%
OM growth 5Y-4.4%
PM growth 3Y21.01%
PM growth 5Y8.89%
GM growth 3Y4.43%
GM growth 5Y3.15%
F-Score6
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.11
Debt/EBITDA 0.35
Cap/Depr 260.45%
Cap/Sales 7.28%
Interest Coverage 250
Cash Conversion 478.84%
Profit Quality 255.56%
Current Ratio 1.05
Quick Ratio 0.76
Altman-Z N/A
F-Score6
WACC8.14%
ROIC/WACC0.62
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)5.08%
Cap/Sales(5y)5.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)108.13%
EPS 3Y17.38%
EPS 5Y6.56%
EPS Q2Q%182.62%
EPS Next Y16.06%
EPS Next 2Y18.57%
EPS Next 3Y17.98%
EPS Next 5Y14.79%
Revenue 1Y (TTM)82.69%
Revenue growth 3Y-4.86%
Revenue growth 5Y-3.28%
Sales Q2Q%148.82%
Revenue Next Year18.57%
Revenue Next 2Y20.41%
Revenue Next 3Y17.5%
Revenue Next 5Y13.76%
EBIT growth 1Y-30.18%
EBIT growth 3Y-0.16%
EBIT growth 5Y-7.53%
EBIT Next Year67.35%
EBIT Next 3Y32.69%
EBIT Next 5Y26%
FCF growth 1Y-2.87%
FCF growth 3Y-0.05%
FCF growth 5YN/A
OCF growth 1Y2.81%
OCF growth 3Y3.31%
OCF growth 5YN/A