ASTRONICS CORP (ATRO) Stock Fundamental Analysis
NASDAQ:ATRO - Nasdaq - US0464331083 - Common Stock - Currency: USD
Overall ATRO gets a fundamental rating of 4 out of 10. We evaluated ATRO against 67 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ATRO has reported negative net income.
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
ATRO has a worse Return On Assets (-0.53%) than 62.69% of its industry peers.
ATRO has a Return On Equity of -1.32%. This is comparable to the rest of the industry: ATRO outperforms 40.30% of its industry peers.
ATRO has a Return On Invested Capital of 5.94%. This is comparable to the rest of the industry: ATRO outperforms 52.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.53% | ||
| ROE | -1.32% | ||
| ROIC | 5.94% |
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 has a Operating Margin (4.65%) which is in line with its industry peers.
In the last couple of years the Operating Margin of ATRO has declined.
With a Gross Margin value of 23.89%, ATRO perfoms like the industry average, outperforming 44.78% of the companies in the same industry.
In the last couple of years the Gross Margin of ATRO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.65% | ||
| PM (TTM) | N/A | ||
| GM | 23.89% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ATRO is destroying value.
The number of shares outstanding for ATRO has been increased compared to 1 year ago.
ATRO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ATRO has an improved debt to assets ratio.
2.2 Solvency
ATRO has a debt to FCF ratio of 3.98. This is a good value and a sign of high solvency as ATRO would need 3.98 years to pay back of all of its debts.
ATRO has a Debt to FCF ratio of 3.98. This is amongst the best in the industry. ATRO outperforms 80.60% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that ATRO is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.60, ATRO perfoms like the industry average, outperforming 46.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 3.98 | ||
| Altman-Z | N/A |
ROIC/WACC0.55
WACC10.85%
2.3 Liquidity
ATRO has a Current Ratio of 2.74. This indicates that ATRO is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of ATRO (2.74) is comparable to the rest of the industry.
ATRO has a Quick Ratio of 1.49. This is a normal value and indicates that ATRO is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ATRO (1.49) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.74 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 72.09% over the past year.
The Revenue has grown by 13.73% in the past year. This is quite good.
ATRO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.58% yearly.
EPS 1Y (TTM)72.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%388.89%
Revenue 1Y (TTM)13.73%
Revenue growth 3Y21.37%
Revenue growth 5Y0.58%
Sales Q2Q%11.27%
3.2 Future
The Earnings Per Share is expected to grow by 67.14% on average over the next years. This is a very strong growth
Based on estimates for the next years, ATRO will show a small growth in Revenue. The Revenue will grow by 0.37% on average per year.
EPS Next Y284.47%
EPS Next 2Y111.52%
EPS Next 3Y67.14%
EPS Next 5YN/A
Revenue Next Year7.82%
Revenue Next 2Y6.85%
Revenue Next 3Y5.52%
Revenue Next 5Y0.37%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for ATRO. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 29.80, ATRO can be considered very expensive at the moment.
ATRO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ATRO is cheaper than 64.18% of the companies in the same industry.
ATRO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 29.8 |
4.2 Price Multiples
ATRO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ATRO is cheaper than 61.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ATRO is valued cheaper than 85.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.67 | ||
| EV/EBITDA | 22.07 |
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 ATRO's earnings are expected to grow with 67.14% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y111.52%
EPS Next 3Y67.14%
5. Dividend
5.1 Amount
No dividends for ATRO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
34.65
+0.24 (+0.7%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners92.07%
Inst Owner Change1.48%
Ins Owners1.4%
Ins Owner Change1.34%
Market Cap1.23B
Analysts77.78
Price Target39.35 (13.56%)
Short Float %13.75%
Short Ratio7.38
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)-75.12%
Min EPS beat(2)-141.28%
Max EPS beat(2)-8.96%
EPS beat(4)0
Avg EPS beat(4)-185.96%
Min EPS beat(4)-516.67%
Max EPS beat(4)-8.96%
EPS beat(8)0
Avg EPS beat(8)-391.13%
EPS beat(12)1
Avg EPS beat(12)-268.3%
EPS beat(16)1
Avg EPS beat(16)-580.11%
Revenue beat(2)2
Avg Revenue beat(2)4.88%
Min Revenue beat(2)4.87%
Max Revenue beat(2)4.9%
Revenue beat(4)4
Avg Revenue beat(4)3%
Min Revenue beat(4)0.55%
Max Revenue beat(4)4.9%
Revenue beat(8)6
Avg Revenue beat(8)1.26%
Revenue beat(12)8
Avg Revenue beat(12)0.7%
Revenue beat(16)8
Avg Revenue beat(16)-0.28%
PT rev (1m)17.22%
PT rev (3m)55.81%
EPS NQ rev (1m)29.17%
EPS NQ rev (3m)29.17%
EPS NY rev (1m)-20.56%
EPS NY rev (3m)-28.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 29.8 | ||
| P/S | 1.51 | ||
| P/FCF | 30.67 | ||
| P/OCF | 25.1 | ||
| P/B | 4.63 | ||
| P/tB | 7.76 | ||
| EV/EBITDA | 22.07 |
EPS(TTM)-0.12
EYN/A
EPS(NY)1.16
Fwd EY3.36%
FCF(TTM)1.13
FCFY3.26%
OCF(TTM)1.38
OCFY3.98%
SpS22.92
BVpS7.49
TBVpS4.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.53% | ||
| ROE | -1.32% | ||
| ROCE | 7.52% | ||
| ROIC | 5.94% | ||
| ROICexc | 6.25% | ||
| ROICexgc | 8.06% | ||
| OM | 4.65% | ||
| PM (TTM) | N/A | ||
| GM | 23.89% | ||
| FCFM | 4.93% |
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-Score8
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 3.98 | ||
| Debt/EBITDA | 2.6 | ||
| Cap/Depr | 37.66% | ||
| Cap/Sales | 1.09% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.74% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.74 | ||
| Quick Ratio | 1.49 | ||
| Altman-Z | N/A |
F-Score8
WACC10.85%
ROIC/WACC0.55
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)72.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%388.89%
EPS Next Y284.47%
EPS Next 2Y111.52%
EPS Next 3Y67.14%
EPS Next 5YN/A
Revenue 1Y (TTM)13.73%
Revenue growth 3Y21.37%
Revenue growth 5Y0.58%
Sales Q2Q%11.27%
Revenue Next Year7.82%
Revenue Next 2Y6.85%
Revenue Next 3Y5.52%
Revenue Next 5Y0.37%
EBIT growth 1Y1530.51%
EBIT growth 3YN/A
EBIT growth 5Y-12.02%
EBIT Next Year331.09%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y171.98%
FCF growth 3YN/A
FCF growth 5Y-6.28%
OCF growth 1Y202.85%
OCF growth 3YN/A
OCF growth 5Y-6.46%