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AEROVIRONMENT INC (AVAV) Stock Fundamental Analysis

NASDAQ:AVAV - Nasdaq - US0080731088 - Common Stock - Currency: USD

268.27  +5.79 (+2.21%)

Fundamental Rating

4

Overall AVAV gets a fundamental rating of 4 out of 10. We evaluated AVAV against 67 industry peers in the Aerospace & Defense industry. AVAV scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. AVAV shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year AVAV was profitable.
AVAV had a negative operating cash flow in the past year.
In multiple years AVAV reported negative net income over the last 5 years.
In multiple years AVAV reported negative operating cash flow during the last 5 years.
AVAV Yearly Net Income VS EBIT VS OCF VS FCFAVAV 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 2025 0 50M -50M -100M -150M

1.2 Ratios

The Return On Assets of AVAV (3.89%) is better than 61.19% of its industry peers.
AVAV's Return On Equity of 4.92% is in line compared to the rest of the industry. AVAV outperforms 52.24% of its industry peers.
AVAV has a Return On Invested Capital (4.93%) which is in line with its industry peers.
Industry RankSector Rank
ROA 3.89%
ROE 4.92%
ROIC 4.93%
ROA(3y)-3.87%
ROA(5y)-1.91%
ROE(3y)-6.6%
ROE(5y)-3.34%
ROIC(3y)N/A
ROIC(5y)N/A
AVAV Yearly ROA, ROE, ROICAVAV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30

1.3 Margins

AVAV has a Profit Margin (5.32%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AVAV has declined.
AVAV has a Operating Margin of 7.21%. This is comparable to the rest of the industry: AVAV outperforms 49.25% of its industry peers.
AVAV's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 38.83%, AVAV is doing good in the industry, outperforming 79.10% of the companies in the same industry.
AVAV's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.21%
PM (TTM) 5.32%
GM 38.83%
OM growth 3YN/A
OM growth 5Y-10.88%
PM growth 3YN/A
PM growth 5Y-13.83%
GM growth 3Y7.02%
GM growth 5Y-1.41%
AVAV Yearly Profit, Operating, Gross MarginsAVAV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVAV is destroying value.
The number of shares outstanding for AVAV has been increased compared to 1 year ago.
AVAV has more shares outstanding than it did 5 years ago.
AVAV has a worse debt/assets ratio than last year.
AVAV Yearly Shares OutstandingAVAV Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
AVAV Yearly Total Debt VS Total AssetsAVAV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 34.91 indicates that AVAV is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 34.91, AVAV belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.03 indicates that AVAV is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.03, AVAV belongs to the top of the industry, outperforming 88.06% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 34.91
ROIC/WACC0.47
WACC10.41%
AVAV Yearly LT Debt VS Equity VS FCFAVAV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

AVAV has a Current Ratio of 3.52. This indicates that AVAV is financially healthy and has no problem in meeting its short term obligations.
AVAV has a better Current ratio (3.52) than 76.12% of its industry peers.
A Quick Ratio of 2.69 indicates that AVAV has no problem at all paying its short term obligations.
AVAV has a better Quick ratio (2.69) than 82.09% of its industry peers.
Industry RankSector Rank
Current Ratio 3.52
Quick Ratio 2.69
AVAV Yearly Current Assets VS Current LiabilitesAVAV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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7

3. Growth

3.1 Past

AVAV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.92%.
AVAV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.43% yearly.
AVAV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.51%.
The Revenue has been growing by 17.44% on average over the past years. This is quite good.
EPS 1Y (TTM)7.92%
EPS 3Y38.53%
EPS 5Y12.43%
EPS Q2Q%274.42%
Revenue 1Y (TTM)14.51%
Revenue growth 3Y22.57%
Revenue growth 5Y17.44%
Sales Q2Q%39.63%

3.2 Future

Based on estimates for the next years, AVAV will show a very strong growth in Earnings Per Share. The EPS will grow by 21.78% on average per year.
Based on estimates for the next years, AVAV will show a quite strong growth in Revenue. The Revenue will grow by 12.90% on average per year.
EPS Next Y3.21%
EPS Next 2Y19.22%
EPS Next 3Y25.37%
EPS Next 5Y21.78%
Revenue Next Year154.83%
Revenue Next 2Y71.53%
Revenue Next 3Y50.25%
Revenue Next 5Y12.9%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
AVAV Yearly Revenue VS EstimatesAVAV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B 2.5B
AVAV Yearly EPS VS EstimatesAVAV Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 4 6

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1

4. Valuation

4.1 Price/Earnings Ratio

AVAV is valuated quite expensively with a Price/Earnings ratio of 82.04.
AVAV's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of AVAV to the average of the S&P500 Index (27.53), we can say AVAV is valued expensively.
Based on the Price/Forward Earnings ratio of 79.49, the valuation of AVAV can be described as expensive.
61.19% of the companies in the same industry are cheaper than AVAV, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.71. AVAV is valued rather expensively when compared to this.
Industry RankSector Rank
PE 82.04
Fwd PE 79.49
AVAV Price Earnings VS Forward Price EarningsAVAV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AVAV is valued a bit more expensive than the industry average as 64.18% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 129.2
AVAV Per share dataAVAV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
AVAV's earnings are expected to grow with 25.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)25.53
PEG (5Y)6.6
EPS Next 2Y19.22%
EPS Next 3Y25.37%

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0

5. Dividend

5.1 Amount

AVAV does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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AEROVIRONMENT INC

NASDAQ:AVAV (7/23/2025, 1:26:07 PM)

268.27

+5.79 (+2.21%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)06-24 2025-06-24/dmh
Earnings (Next)09-02 2025-09-02
Inst Owners62.9%
Inst Owner Change-0.39%
Ins Owners0.82%
Ins Owner Change-95.96%
Market Cap13.24B
Analysts88.57
Price Target263.08 (-1.93%)
Short Float %7.64%
Short Ratio2.5
Dividend
Industry RankSector 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)1
Avg EPS beat(2)-19.8%
Min EPS beat(2)-53.02%
Max EPS beat(2)13.42%
EPS beat(4)2
Avg EPS beat(4)-10.25%
Min EPS beat(4)-53.02%
Max EPS beat(4)34.58%
EPS beat(8)6
Avg EPS beat(8)58.73%
EPS beat(12)6
Avg EPS beat(12)12.97%
EPS beat(16)9
Avg EPS beat(16)11.8%
Revenue beat(2)1
Avg Revenue beat(2)-2.34%
Min Revenue beat(2)-16.31%
Max Revenue beat(2)11.62%
Revenue beat(4)3
Avg Revenue beat(4)-0.89%
Min Revenue beat(4)-16.31%
Max Revenue beat(4)11.62%
Revenue beat(8)7
Avg Revenue beat(8)3.25%
Revenue beat(12)10
Avg Revenue beat(12)3.51%
Revenue beat(16)11
Avg Revenue beat(16)0.94%
PT rev (1m)39.63%
PT rev (3m)39.4%
EPS NQ rev (1m)-75%
EPS NQ rev (3m)-78.67%
EPS NY rev (1m)-16.65%
EPS NY rev (3m)-21.66%
Revenue NQ rev (1m)88.73%
Revenue NQ rev (3m)76.72%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)108.41%
Valuation
Industry RankSector Rank
PE 82.04
Fwd PE 79.49
P/S 16.13
P/FCF N/A
P/OCF N/A
P/B 14.93
P/tB 22.78
EV/EBITDA 129.2
EPS(TTM)3.27
EY1.22%
EPS(NY)3.38
Fwd EY1.26%
FCF(TTM)-0.49
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS16.63
BVpS17.97
TBVpS11.78
PEG (NY)25.53
PEG (5Y)6.6
Profitability
Industry RankSector Rank
ROA 3.89%
ROE 4.92%
ROCE 6.24%
ROIC 4.93%
ROICexc 5.15%
ROICexgc 7.76%
OM 7.21%
PM (TTM) 5.32%
GM 38.83%
FCFM N/A
ROA(3y)-3.87%
ROA(5y)-1.91%
ROE(3y)-6.6%
ROE(5y)-3.34%
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-16.42%
ROICexc growth 3YN/A
ROICexc growth 5Y-21.5%
OM growth 3YN/A
OM growth 5Y-10.88%
PM growth 3YN/A
PM growth 5Y-13.83%
GM growth 3Y7.02%
GM growth 5Y-1.41%
F-Score2
Asset Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA 0.3
Cap/Depr 55.65%
Cap/Sales 2.78%
Interest Coverage 33.67
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.52
Quick Ratio 2.69
Altman-Z 34.91
F-Score2
WACC10.41%
ROIC/WACC0.47
Cap/Depr(3y)46.34%
Cap/Depr(5y)46.82%
Cap/Sales(3y)2.98%
Cap/Sales(5y)3.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.92%
EPS 3Y38.53%
EPS 5Y12.43%
EPS Q2Q%274.42%
EPS Next Y3.21%
EPS Next 2Y19.22%
EPS Next 3Y25.37%
EPS Next 5Y21.78%
Revenue 1Y (TTM)14.51%
Revenue growth 3Y22.57%
Revenue growth 5Y17.44%
Sales Q2Q%39.63%
Revenue Next Year154.83%
Revenue Next 2Y71.53%
Revenue Next 3Y50.25%
Revenue Next 5Y12.9%
EBIT growth 1Y-19.8%
EBIT growth 3YN/A
EBIT growth 5Y4.66%
EBIT Next Year163.96%
EBIT Next 3Y51.62%
EBIT Next 5Y43.14%
FCF growth 1Y-162.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-108.62%
OCF growth 3YN/A
OCF growth 5YN/A