DASSAULT AVIATION SA (AM.PA) Stock Fundamental Analysis
EPA:AM - Euronext Paris - Matif - FR0014004L86 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to AM. AM was compared to 38 industry peers in the Aerospace & Defense industry. AM has only an average score on both its financial health and profitability. AM has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year AM was profitable.
In the past year AM had a positive cash flow from operations.
AM had positive earnings in each of the past 5 years.
In multiple years AM reported negative operating cash flow during the last 5 years.
1.2 Ratios
AM has a Return On Assets of 2.91%. This is in the lower half of the industry: AM underperforms 63.16% of its industry peers.
Looking at the Return On Equity, with a value of 13.66%, AM is in line with its industry, outperforming 55.26% of the companies in the same industry.
With a Return On Invested Capital value of 5.02%, AM is not doing good in the industry: 60.53% of the companies in the same industry are doing better.
AM had an Average Return On Invested Capital over the past 3 years of 7.01%. This is in line with the industry average of 8.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 13.66% | ||
| ROIC | 5.02% |
ROA(3y)3.29%
ROA(5y)3.34%
ROE(3y)11.81%
ROE(5y)11.62%
ROIC(3y)7.01%
ROIC(5y)8.06%
1.3 Margins
AM's Profit Margin of 16.01% is amongst the best of the industry. AM outperforms 94.74% of its industry peers.
In the last couple of years the Profit Margin of AM has grown nicely.
Looking at the Operating Margin, with a value of 7.27%, AM is in line with its industry, outperforming 57.89% of the companies in the same industry.
In the last couple of years the Operating Margin of AM has declined.
Looking at the Gross Margin, with a value of 39.72%, AM is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
In the last couple of years the Gross Margin of AM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.27% | ||
| PM (TTM) | 16.01% | ||
| GM | 39.72% |
OM growth 3Y10.28%
OM growth 5Y-12.65%
PM growth 3Y37.82%
PM growth 5Y5.22%
GM growth 3Y11.77%
GM growth 5Y1.72%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AM is destroying value.
The number of shares outstanding for AM has been reduced compared to 1 year ago.
The number of shares outstanding for AM has been reduced compared to 5 years ago.
The debt/assets ratio for AM is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of AM is 0.11, which is an excellent value as it means it would take AM, only 0.11 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.11, AM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
AM has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of AM (0.03) is better than 97.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.11 | ||
| Altman-Z | N/A |
ROIC/WACC0.63
WACC8.02%
2.3 Liquidity
AM has a Current Ratio of 1.05. This is a normal value and indicates that AM is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.05, AM is not doing good in the industry: 60.53% of the companies in the same industry are doing better.
A Quick Ratio of 0.76 indicates that AM may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.76, AM is in line with its industry, outperforming 55.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.05% over the past year.
The Earnings Per Share has been growing slightly by 5.93% on average over the past years.
The Revenue for AM has decreased by -17.82% in the past year. This is quite bad
Measured over the past years, AM shows a decrease in Revenue. The Revenue has been decreasing by -1.26% on average per year.
EPS 1Y (TTM)5.05%
EPS 3Y32.01%
EPS 5Y5.93%
EPS Q2Q%14.23%
Revenue 1Y (TTM)-17.82%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.26%
Sales Q2Q%10.49%
3.2 Future
Based on estimates for the next years, AM will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.49% on average per year.
The Revenue is expected to grow by 16.10% on average over the next years. This is quite good.
EPS Next Y12.48%
EPS Next 2Y14.26%
EPS Next 3Y16.51%
EPS Next 5Y15.49%
Revenue Next Year22.98%
Revenue Next 2Y20.75%
Revenue Next 3Y21.26%
Revenue Next 5Y16.1%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.60, the valuation of AM can be described as rather expensive.
AM's Price/Earnings ratio is a bit cheaper when compared to the industry. AM is cheaper than 78.95% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, AM is valued at the same level.
AM is valuated rather expensively with a Price/Forward Earnings ratio of 20.05.
78.95% of the companies in the same industry are more expensive than AM, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, AM is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.6 | ||
| Fwd PE | 20.05 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AM is valued a bit cheaper than the industry average as 78.95% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AM is valued cheaply inside the industry as 97.37% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.91 | ||
| EV/EBITDA | 13.05 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as AM's earnings are expected to grow with 16.51% in the coming years.
PEG (NY)1.97
PEG (5Y)4.15
EPS Next 2Y14.26%
EPS Next 3Y16.51%
5. Dividend
5.1 Amount
AM has a Yearly Dividend Yield of 1.59%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.22, AM pays a better dividend. On top of this AM pays more dividend than 84.21% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.33, AM is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
5.2 History
On average, the dividend of AM grows each year by 14.73%, which is quite nice.
Dividend Growth(5Y)14.73%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
32.77% of the earnings are spent on dividend by AM. This is a low number and sustainable payout ratio.
The dividend of AM is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP32.77%
EPS Next 2Y14.26%
EPS Next 3Y16.51%
EPA:AM (3/7/2025, 7:00:00 PM)
286.6
-10 (-3.37%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners9.8%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap22.53B
Analysts76.19
Price Target236.18 (-17.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
Yearly Dividend3.04
Dividend Growth(5Y)14.73%
DP32.77%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.79%
PT rev (3m)3.76%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.75%
EPS NY rev (3m)-1.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.6 | ||
| Fwd PE | 20.05 | ||
| P/S | 4.46 | ||
| P/FCF | 10.91 | ||
| P/OCF | 9.26 | ||
| P/B | 3.81 | ||
| P/tB | 3.91 | ||
| EV/EBITDA | 13.05 |
EPS(TTM)11.65
EY4.06%
EPS(NY)14.29
Fwd EY4.99%
FCF(TTM)26.27
FCFY9.17%
OCF(TTM)30.94
OCFY10.8%
SpS64.2
BVpS75.26
TBVpS73.21
PEG (NY)1.97
PEG (5Y)4.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 13.66% | ||
| ROCE | 6.02% | ||
| ROIC | 5.02% | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 7.27% | ||
| PM (TTM) | 16.01% | ||
| GM | 39.72% | ||
| FCFM | 40.92% |
ROA(3y)3.29%
ROA(5y)3.34%
ROE(3y)11.81%
ROE(5y)11.62%
ROIC(3y)7.01%
ROIC(5y)8.06%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)8.41%
ROCE(5y)9.66%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y10.28%
OM growth 5Y-12.65%
PM growth 3Y37.82%
PM growth 5Y5.22%
GM growth 3Y11.77%
GM growth 5Y1.72%
F-Score6
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.11 | ||
| Debt/EBITDA | 0.35 | ||
| Cap/Depr | 260.45% | ||
| Cap/Sales | 7.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 478.84% | ||
| Profit Quality | 255.56% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | N/A |
F-Score6
WACC8.02%
ROIC/WACC0.63
Cap/Depr(3y)223.37%
Cap/Depr(5y)382.01%
Cap/Sales(3y)4.03%
Cap/Sales(5y)4.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.05%
EPS 3Y32.01%
EPS 5Y5.93%
EPS Q2Q%14.23%
EPS Next Y12.48%
EPS Next 2Y14.26%
EPS Next 3Y16.51%
EPS Next 5Y15.49%
Revenue 1Y (TTM)-17.82%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.26%
Sales Q2Q%10.49%
Revenue Next Year22.98%
Revenue Next 2Y20.75%
Revenue Next 3Y21.26%
Revenue Next 5Y16.1%
EBIT growth 1Y-30.18%
EBIT growth 3Y5.48%
EBIT growth 5Y-13.75%
EBIT Next Year81.17%
EBIT Next 3Y44.43%
EBIT Next 5Y29.97%
FCF growth 1Y-30.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-22.51%
OCF growth 3YN/A
OCF growth 5YN/A