ASTRONICS CORP (ATRO) Stock Fundamental Analysis
NASDAQ:ATRO - Nasdaq - US0464331083 - Common Stock - Currency: USD
Overall ATRO gets a fundamental rating of 3 out of 10. We evaluated ATRO against 65 industry peers in the Aerospace & Defense industry. The financial health of ATRO is average, but there are quite some concerns on its profitability. ATRO has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
ATRO had negative earnings in the past year.
ATRO had a positive operating cash flow in the past year.
ATRO had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: ATRO reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of -2.50%, ATRO is doing worse than 66.15% of the companies in the same industry.
ATRO's Return On Equity of -6.33% is on the low side compared to the rest of the industry. ATRO is outperformed by 64.62% of its industry peers.
With a Return On Invested Capital value of 4.24%, ATRO perfoms like the industry average, outperforming 43.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.5% | ||
| ROE | -6.33% | ||
| ROIC | 4.24% |
ROA(3y)-4.16%
ROA(5y)-7.07%
ROE(3y)-10.6%
ROE(5y)-16.92%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ATRO's Operating Margin of 3.33% is on the low side compared to the rest of the industry. ATRO is outperformed by 60.00% of its industry peers.
In the last couple of years the Operating Margin of ATRO has declined.
With a Gross Margin value of 21.16%, ATRO is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
ATRO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.33% | ||
| PM (TTM) | N/A | ||
| GM | 21.16% |
OM growth 3YN/A
OM growth 5Y-12.53%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.26%
GM growth 5Y-0.95%
2. Health
2.1 Basic Checks
ATRO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ATRO has been increased compared to 1 year ago.
Compared to 5 years ago, ATRO has more shares outstanding
Compared to 1 year ago, ATRO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.52 indicates that ATRO is not in any danger for bankruptcy at the moment.
ATRO's Altman-Z score of 3.52 is in line compared to the rest of the industry. ATRO outperforms 53.85% of its industry peers.
The Debt to FCF ratio of ATRO is 7.62, which is on the high side as it means it would take ATRO, 7.62 years of fcf income to pay off all of its debts.
ATRO's Debt to FCF ratio of 7.62 is fine compared to the rest of the industry. ATRO outperforms 66.15% of its industry peers.
A Debt/Equity ratio of 0.66 indicates that ATRO is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.66, ATRO perfoms like the industry average, outperforming 41.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 7.62 | ||
| Altman-Z | 3.52 |
ROIC/WACC0.41
WACC10.35%
2.3 Liquidity
ATRO has a Current Ratio of 2.73. This indicates that ATRO is financially healthy and has no problem in meeting its short term obligations.
ATRO has a Current ratio of 2.73. This is in the better half of the industry: ATRO outperforms 64.62% of its industry peers.
A Quick Ratio of 1.45 indicates that ATRO should not have too much problems paying its short term obligations.
The Quick ratio of ATRO (1.45) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.73 | ||
| Quick Ratio | 1.45 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.08% over the past year.
ATRO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.41%.
ATRO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.58% yearly.
EPS 1Y (TTM)2.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)15.41%
Revenue growth 3Y21.37%
Revenue growth 5Y0.58%
Sales Q2Q%6.78%
3.2 Future
The Earnings Per Share is expected to grow by 129.40% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 0.37% on average over the next years.
EPS Next Y356.81%
EPS Next 2Y129.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.76%
Revenue Next 2Y6.15%
Revenue Next 3Y-1.36%
Revenue Next 5Y0.37%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for ATRO. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 19.08, which indicates a rather expensive current valuation of ATRO.
76.92% of the companies in the same industry are more expensive than ATRO, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.49, ATRO is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.08 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ATRO is on the same level as its industry peers.
ATRO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ATRO is cheaper than 78.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.88 | ||
| EV/EBITDA | 19.16 |
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.
ATRO's earnings are expected to grow with 129.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y129.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ATRO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
23.03
+0.34 (+1.5%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners82.29%
Inst Owner Change0.3%
Ins Owners1.68%
Ins Owner Change1.27%
Market Cap816.41M
Analysts77.78
Price Target25.26 (9.68%)
Short Float %11.44%
Short Ratio6.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-328.97%
Min EPS beat(2)-516.67%
Max EPS beat(2)-141.28%
EPS beat(4)0
Avg EPS beat(4)-379.31%
Min EPS beat(4)-782.35%
Max EPS beat(4)-76.93%
EPS beat(8)1
Avg EPS beat(8)-383.04%
EPS beat(12)1
Avg EPS beat(12)-287.56%
EPS beat(16)1
Avg EPS beat(16)-596.06%
Revenue beat(2)2
Avg Revenue beat(2)2.73%
Min Revenue beat(2)0.55%
Max Revenue beat(2)4.9%
Revenue beat(4)4
Avg Revenue beat(4)2.97%
Min Revenue beat(4)0.55%
Max Revenue beat(4)4.9%
Revenue beat(8)6
Avg Revenue beat(8)1.45%
Revenue beat(12)7
Avg Revenue beat(12)0.1%
Revenue beat(16)8
Avg Revenue beat(16)-0.41%
PT rev (1m)19.82%
PT rev (3m)3.18%
EPS NQ rev (1m)0%
EPS NQ rev (3m)55.56%
EPS NY rev (1m)0%
EPS NY rev (3m)10.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.14%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.08 | ||
| P/S | 1.03 | ||
| P/FCF | 36.88 | ||
| P/OCF | 26.71 | ||
| P/B | 3.19 | ||
| P/tB | 5.61 | ||
| EV/EBITDA | 19.16 |
EPS(TTM)-0.47
EYN/A
EPS(NY)1.21
Fwd EY5.24%
FCF(TTM)0.62
FCFY2.71%
OCF(TTM)0.86
OCFY3.74%
SpS22.44
BVpS7.22
TBVpS4.11
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.5% | ||
| ROE | -6.33% | ||
| ROCE | 5.37% | ||
| ROIC | 4.24% | ||
| ROICexc | 4.33% | ||
| ROICexgc | 5.61% | ||
| OM | 3.33% | ||
| PM (TTM) | N/A | ||
| GM | 21.16% | ||
| FCFM | 2.78% |
ROA(3y)-4.16%
ROA(5y)-7.07%
ROE(3y)-10.6%
ROE(5y)-16.92%
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 5Y-12.73%
ROICexc growth 3YN/A
ROICexc growth 5Y-7.22%
OM growth 3YN/A
OM growth 5Y-12.53%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.26%
GM growth 5Y-0.95%
F-Score7
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 7.62 | ||
| Debt/EBITDA | 3.31 | ||
| Cap/Depr | 34.45% | ||
| Cap/Sales | 1.06% | ||
| Interest Coverage | 1.38 | ||
| Cash Conversion | 60.01% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.73 | ||
| Quick Ratio | 1.45 | ||
| Altman-Z | 3.52 |
F-Score7
WACC10.35%
ROIC/WACC0.41
Cap/Depr(3y)30.46%
Cap/Depr(5y)27.12%
Cap/Sales(3y)1.2%
Cap/Sales(5y)1.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y356.81%
EPS Next 2Y129.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.41%
Revenue growth 3Y21.37%
Revenue growth 5Y0.58%
Sales Q2Q%6.78%
Revenue Next Year6.76%
Revenue Next 2Y6.15%
Revenue Next 3Y-1.36%
Revenue Next 5Y0.37%
EBIT growth 1Y499.91%
EBIT growth 3YN/A
EBIT growth 5Y-12.02%
EBIT Next Year306.42%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y170.07%
FCF growth 3YN/A
FCF growth 5Y-6.28%
OCF growth 1Y227.62%
OCF growth 3YN/A
OCF growth 5Y-6.46%