AEROVIRONMENT INC (AVAV) Stock Fundamental Analysis
NASDAQ:AVAV - Nasdaq - US0080731088 - Common Stock - Currency: USD
AVAV gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 68 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 is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
In the past year AVAV was profitable.
AVAV had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AVAV reported negative net income in multiple years.
In multiple years AVAV reported negative operating cash flow during the last 5 years.
1.2 Ratios
AVAV has a better Return On Assets (3.89%) than 61.76% of its industry peers.
Looking at the Return On Equity, with a value of 4.92%, AVAV is in line with its industry, outperforming 52.94% of the companies in the same industry.
With a Return On Invested Capital value of 4.93%, AVAV perfoms like the industry average, outperforming 45.59% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
AVAV has a Profit Margin of 5.32%. This is comparable to the rest of the industry: AVAV outperforms 57.35% of its industry peers.
AVAV's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 7.21%, AVAV is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Operating Margin of AVAV has declined.
AVAV has a better Gross Margin (38.83%) than 79.41% of its industry peers.
AVAV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVAV is destroying value.
AVAV has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AVAV has more shares outstanding
AVAV has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 34.96 indicates that AVAV is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 34.96, AVAV belongs to the best 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.
AVAV's Debt to Equity ratio of 0.03 is amongst the best of the industry. AVAV outperforms 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 34.96 |
ROIC/WACC0.51
WACC9.66%
2.3 Liquidity
A Current Ratio of 3.52 indicates that AVAV has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.52, AVAV is doing good in the industry, outperforming 76.47% of the companies in the same industry.
AVAV has a Quick Ratio of 2.69. This indicates that AVAV is financially healthy and has no problem in meeting its short term obligations.
AVAV has a better Quick ratio (2.69) than 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.52 | ||
| Quick Ratio | 2.69 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.92% over the past year.
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%.
AVAV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.44% yearly.
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
AVAV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.78% yearly.
AVAV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.90% yearly.
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.
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
A Price/Earnings ratio of 79.53 indicates a quite expensive valuation of AVAV.
The rest of the industry has a similar Price/Earnings ratio as AVAV.
Compared to an average S&P500 Price/Earnings ratio of 26.82, AVAV is valued quite expensively.
Based on the Price/Forward Earnings ratio of 77.06, the valuation of AVAV can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVAV indicates a slightly more expensive valuation: AVAV is more expensive than 60.29% of the companies listed in the same industry.
AVAV's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 36.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.53 | ||
| Fwd PE | 77.06 |
4.2 Price Multiples
AVAV's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AVAV is more expensive than 63.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 129.39 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AVAV does not grow enough to justify the current Price/Earnings ratio.
AVAV's earnings are expected to grow with 25.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)24.75
PEG (5Y)6.4
EPS Next 2Y19.22%
EPS Next 3Y25.37%
5. Dividend
5.1 Amount
AVAV does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
260.07
-7.57 (-2.83%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners62.9%
Inst Owner Change-0.48%
Ins Owners0.82%
Ins Owner Change-95.96%
Market Cap12.97B
Analysts88.57
Price Target263.08 (1.16%)
Short Float %7.24%
Short Ratio1.99
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)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)32.01%
PT rev (3m)37.18%
EPS NQ rev (1m)7.32%
EPS NQ rev (3m)-75.56%
EPS NY rev (1m)-16.65%
EPS NY rev (3m)-21.66%
Revenue NQ rev (1m)-0.93%
Revenue NQ rev (3m)76.72%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)108.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 79.53 | ||
| Fwd PE | 77.06 | ||
| P/S | 15.8 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 14.63 | ||
| P/tB | 22.32 | ||
| EV/EBITDA | 129.39 |
EPS(TTM)3.27
EY1.26%
EPS(NY)3.38
Fwd EY1.3%
FCF(TTM)-0.48
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS16.46
BVpS17.78
TBVpS11.65
PEG (NY)24.75
PEG (5Y)6.4
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 34.96 |
F-Score2
WACC9.66%
ROIC/WACC0.51
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