AEROVIRONMENT INC (AVAV)
US0080731088 - Common Stock
Taking everything into account, AVAV scores 5 out of 10 in our fundamental rating. AVAV was compared to 65 industry peers in the Aerospace & Defense industry. While AVAV has a great health rating, there are worries on its profitability. AVAV is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
AVAV had positive earnings in the past year.
AVAV had a positive operating cash flow in the past year.
In multiple years AVAV reported negative net income over the last 5 years.
Of the past 5 years AVAV 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of AVAV (-10.90%) is worse than 66.15% of its industry peers.
With a Return On Equity value of -13.15%, AVAV perfoms like the industry average, outperforming 43.08% of the companies in the same industry.
AVAV's Return On Invested Capital of 5.26% is in line compared to the rest of the industry. AVAV outperforms 53.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.9% | ||
| ROE | -13.15% | ||
| ROIC | 5.26% |
ROA(3y)-6.44%
ROA(5y)-0.6%
ROE(3y)-9.62%
ROE(5y)-2.11%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Operating Margin of AVAV (8.24%) is better than 63.08% of its industry peers.
With an excellent Gross Margin value of 39.21%, AVAV belongs to the best of the industry, outperforming 83.08% of the companies in the same industry.
In the last couple of years the Gross Margin of AVAV has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.24% | ||
| PM (TTM) | N/A | ||
| GM | 39.21% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.34%
GM growth 5Y-4.37%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVAV is destroying value.
Compared to 1 year ago, AVAV has more shares outstanding
AVAV has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AVAV has been reduced compared to a year ago.
2.2 Solvency
AVAV has an Altman-Z score of 22.12. This indicates that AVAV is financially healthy and has little risk of bankruptcy at the moment.
AVAV has a better Altman-Z score (22.12) than 100.00% of its industry peers.
The Debt to FCF ratio of AVAV is 4.12, which is a neutral value as it means it would take AVAV, 4.12 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AVAV (4.12) is better than 81.54% of its industry peers.
AVAV has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.04, AVAV belongs to the best of the industry, outperforming 89.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 4.12 | ||
| Altman-Z | 22.12 |
ROIC/WACC0.58
WACC9.08%
2.3 Liquidity
AVAV has a Current Ratio of 4.66. This indicates that AVAV is financially healthy and has no problem in meeting its short term obligations.
AVAV has a better Current ratio (4.66) than 90.77% of its industry peers.
A Quick Ratio of 3.16 indicates that AVAV has no problem at all paying its short term obligations.
AVAV's Quick ratio of 3.16 is amongst the best of the industry. AVAV outperforms 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.66 | ||
| Quick Ratio | 3.16 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 577.36% over the past year.
Measured over the past 5 years, AVAV shows a small growth in Earnings Per Share. The EPS has been growing by 4.91% on average per year.
The Revenue has grown by 44.88% in the past year. This is a very strong growth!
AVAV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.03% yearly.
EPS 1Y (TTM)577.36%
EPS 3Y-12.48%
EPS 5Y4.91%
EPS Q2Q%90.91%
Revenue 1Y (TTM)44.88%
Revenue growth 3Y13.74%
Revenue growth 5Y15.03%
Sales Q2Q%38.82%
3.2 Future
The Earnings Per Share is expected to grow by 44.74% on average over the next years. This is a very strong growth
Based on estimates for the next years, AVAV will show a quite strong growth in Revenue. The Revenue will grow by 10.95% on average per year.
EPS Next Y134.66%
EPS Next 2Y68.81%
EPS Next 3Y45.75%
EPS Next 5Y44.74%
Revenue Next Year36.54%
Revenue Next 2Y24.43%
Revenue Next 3Y19.44%
Revenue Next 5Y10.95%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 56.62, which means the current valuation is very expensive for AVAV.
Compared to the rest of the industry, the Price/Earnings ratio of AVAV is on the same level as its industry peers.
AVAV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.88.
The Price/Forward Earnings ratio is 58.47, which means the current valuation is very expensive for AVAV.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVAV is on the same level as its industry peers.
AVAV's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 19.97.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.62 | ||
| Fwd PE | 58.47 |
4.2 Price Multiples
AVAV's Enterprise Value to EBITDA is on the same level as the industry average.
AVAV's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 607.61 | ||
| EV/EBITDA | 41.62 |
4.3 Compensation for Growth
AVAV'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 AVAV's earnings are expected to grow with 45.75% in the coming years.
PEG (NY)0.42
PEG (5Y)11.53
EPS Next 2Y68.81%
EPS Next 3Y45.75%
5. Dividend
5.1 Amount
No dividends for AVAV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
AEROVIRONMENT INC
NASDAQ:AVAV (6/3/2024, 5:05:53 PM)
After market: 203.27 0 (0%)203.27
+1.12 (+0.55%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.72B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.62 | ||
| Fwd PE | 58.47 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.42
PEG (5Y)11.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.9% | ||
| ROE | -13.15% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.24% | ||
| PM (TTM) | N/A | ||
| GM | 39.21% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 4.66 | ||
| Quick Ratio | 3.16 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)577.36%
EPS 3Y-12.48%
EPS 5Y
EPS Q2Q%
EPS Next Y134.66%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)44.88%
Revenue growth 3Y13.74%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y