ASTRONICS CORP (ATRO) Stock Fundamental Analysis
NASDAQ:ATRO - Nasdaq - US0464331083 - Common Stock - Currency: USD
Taking everything into account, ATRO scores 4 out of 10 in our fundamental rating. ATRO was compared to 65 industry peers in the Aerospace & Defense industry. ATRO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. ATRO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
ATRO had negative earnings in the past year.
In the past year ATRO had a positive cash flow from operations.
In the past 5 years ATRO always reported negative net income.
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 -0.53%, ATRO is doing worse than 63.08% of the companies in the same industry.
Looking at the Return On Equity, with a value of -1.32%, ATRO is doing worse than 60.00% of the companies in the same industry.
The Return On Invested Capital of ATRO (5.94%) is comparable to the rest of the industry.
| 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.
ATRO's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 23.89%, ATRO perfoms like the industry average, outperforming 43.08% 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.
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
The Debt to FCF ratio of ATRO is 3.98, which is a good value as it means it would take ATRO, 3.98 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ATRO (3.98) is better than 81.54% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that ATRO is somewhat dependend on debt financing.
ATRO has a Debt to Equity ratio (0.60) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 3.98 | ||
| Altman-Z | N/A |
ROIC/WACC0.58
WACC10.33%
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.
ATRO's Current ratio of 2.74 is in line compared to the rest of the industry. ATRO outperforms 56.92% of its industry peers.
A Quick Ratio of 1.49 indicates that ATRO should not have too much problems paying its short term obligations.
ATRO has a Quick ratio (1.49) which 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
ATRO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 72.09%, which is quite impressive.
ATRO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.73%.
The Revenue has been growing slightly by 0.58% on average over the past years.
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
Based on estimates for the next years, ATRO will show a very strong growth in Earnings Per Share. The EPS will grow by 67.14% on average per year.
ATRO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.37% yearly.
EPS Next Y332.21%
EPS Next 2Y128.53%
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.
ATRO is valuated rather expensively with a Price/Forward Earnings ratio of 21.54.
75.38% of the companies in the same industry are more expensive than ATRO, based on the Price/Forward Earnings ratio.
ATRO's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ATRO is valued a bit cheaper than the industry average as 63.08% of the companies are valued more expensively.
ATRO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ATRO is cheaper than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.89 | ||
| EV/EBITDA | 21.04 |
4.3 Compensation for Growth
ATRO's 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 2Y128.53%
EPS Next 3Y67.14%
5. Dividend
5.1 Amount
ATRO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
32.63
+0.1 (+0.31%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners92.07%
Inst Owner Change16.87%
Ins Owners1.4%
Ins Owner Change1.34%
Market Cap1.16B
Analysts77.78
Price Target33.58 (2.91%)
Short Float %11.65%
Short Ratio6.44
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)32.93%
PT rev (3m)41.07%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-25.69%
EPS NY rev (3m)-9.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.16%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21.54 | ||
| P/S | 1.42 | ||
| P/FCF | 28.89 | ||
| P/OCF | 23.64 | ||
| P/B | 4.36 | ||
| P/tB | 7.3 | ||
| EV/EBITDA | 21.04 |
EPS(TTM)-0.12
EYN/A
EPS(NY)1.51
Fwd EY4.64%
FCF(TTM)1.13
FCFY3.46%
OCF(TTM)1.38
OCFY4.23%
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
WACC10.33%
ROIC/WACC0.58
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 Y332.21%
EPS Next 2Y128.53%
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%