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 65 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. While showing a medium growth rate, AVAV is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year AVAV was profitable.
In the past year AVAV has reported a negative cash flow from operations.
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
AVAV's Return On Assets of 3.15% is in line compared to the rest of the industry. AVAV outperforms 55.38% of its industry peers.
AVAV has a Return On Equity of 3.83%. This is comparable to the rest of the industry: AVAV outperforms 50.77% of its industry peers.
The Return On Invested Capital of AVAV (2.84%) is worse than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.15% | ||
| ROE | 3.83% | ||
| ROIC | 2.84% |
ROA(3y)-5.32%
ROA(5y)-1.28%
ROE(3y)-8.47%
ROE(5y)-2.71%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AVAV has a Profit Margin (4.44%) which is in line with its industry peers.
In the last couple of years the Profit Margin of AVAV has declined.
The Operating Margin of AVAV (4.46%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AVAV has remained more or less at the same level.
AVAV has a better Gross Margin (39.58%) than 81.54% of its industry peers.
In the last couple of years the Gross Margin of AVAV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.46% | ||
| PM (TTM) | 4.44% | ||
| GM | 39.58% |
OM growth 3Y-2.12%
OM growth 5Y-0.89%
PM growth 3Y12.16%
PM growth 5Y-11.2%
GM growth 3Y-1.68%
GM growth 5Y-0.61%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AVAV is destroying value.
The number of shares outstanding for AVAV has been increased compared to 1 year ago.
Compared to 5 years ago, AVAV has more shares outstanding
Compared to 1 year ago, AVAV has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 14.99 indicates that AVAV is not in any danger for bankruptcy at the moment.
AVAV has a better Altman-Z score (14.99) than 96.92% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that AVAV is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.03, AVAV belongs to the best of the industry, outperforming 87.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 14.99 |
ROIC/WACC0.29
WACC9.81%
2.3 Liquidity
AVAV has a Current Ratio of 4.22. This indicates that AVAV is financially healthy and has no problem in meeting its short term obligations.
AVAV's Current ratio of 4.22 is amongst the best of the industry. AVAV outperforms 87.69% of its industry peers.
AVAV has a Quick Ratio of 3.07. This indicates that AVAV is financially healthy and has no problem in meeting its short term obligations.
AVAV's Quick ratio of 3.07 is amongst the best of the industry. AVAV outperforms 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.22 | ||
| Quick Ratio | 3.07 |
3. Growth
3.1 Past
The earnings per share for AVAV have decreased strongly by -41.78% in the last year.
AVAV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.60% yearly.
The Revenue has been growing slightly by 5.22% in the past year.
Measured over the past years, AVAV shows a quite strong growth in Revenue. The Revenue has been growing by 17.92% on average per year.
EPS 1Y (TTM)-41.78%
EPS 3Y13%
EPS 5Y11.6%
EPS Q2Q%-52.38%
Revenue 1Y (TTM)5.22%
Revenue growth 3Y21.98%
Revenue growth 5Y17.92%
Sales Q2Q%-10.15%
3.2 Future
Based on estimates for the next years, AVAV will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.87% on average per year.
The Revenue is expected to grow by 12.54% on average over the next years. This is quite good.
EPS Next Y3.55%
EPS Next 2Y19.25%
EPS Next 3Y20.36%
EPS Next 5Y18.87%
Revenue Next Year11.27%
Revenue Next 2Y16.55%
Revenue Next 3Y14.31%
Revenue Next 5Y12.54%
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
A Price/Earnings ratio of 69.00 indicates a quite expensive valuation of AVAV.
The rest of the industry has a similar Price/Earnings ratio as AVAV.
AVAV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.63.
The Price/Forward Earnings ratio is 33.47, which means the current valuation is very expensive for AVAV.
AVAV's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.85. AVAV is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 69 | ||
| Fwd PE | 33.47 |
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 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 58.35 |
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 20.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)19.44
PEG (5Y)5.95
EPS Next 2Y19.25%
EPS Next 3Y20.36%
5. Dividend
5.1 Amount
No dividends for AVAV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
144.2
-3.41 (-2.31%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners99.36%
Inst Owner Change0.05%
Ins Owners1.08%
Ins Owner Change3.03%
Market Cap4.07B
Analysts85
Price Target188.72 (30.87%)
Short Float %9.69%
Short Ratio5.73
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)-44.51%
Min EPS beat(2)-53.02%
Max EPS beat(2)-36%
EPS beat(4)2
Avg EPS beat(4)9.93%
Min EPS beat(4)-53.02%
Max EPS beat(4)94.15%
EPS beat(8)5
Avg EPS beat(8)56.55%
EPS beat(12)5
Avg EPS beat(12)9.73%
EPS beat(16)9
Avg EPS beat(16)12.56%
Revenue beat(2)1
Avg Revenue beat(2)-7.65%
Min Revenue beat(2)-16.31%
Max Revenue beat(2)1%
Revenue beat(4)3
Avg Revenue beat(4)-3.19%
Min Revenue beat(4)-16.31%
Max Revenue beat(4)2.42%
Revenue beat(8)7
Avg Revenue beat(8)3.19%
Revenue beat(12)9
Avg Revenue beat(12)2.21%
Revenue beat(16)10
Avg Revenue beat(16)-0.38%
PT rev (1m)-8.95%
PT rev (3m)-14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)39.48%
EPS NY rev (1m)-10.8%
EPS NY rev (3m)-10.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)-4.08%
Revenue NY rev (3m)-4.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 69 | ||
| Fwd PE | 33.47 | ||
| P/S | 5.48 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 4.73 | ||
| P/tB | 7.71 | ||
| EV/EBITDA | 58.35 |
EPS(TTM)2.09
EY1.45%
EPS(NY)4.31
Fwd EY2.99%
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)-0.45
OCFYN/A
SpS26.31
BVpS30.51
TBVpS18.71
PEG (NY)19.44
PEG (5Y)5.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.15% | ||
| ROE | 3.83% | ||
| ROCE | 3.6% | ||
| ROIC | 2.84% | ||
| ROICexc | 3% | ||
| ROICexgc | 4.85% | ||
| OM | 4.46% | ||
| PM (TTM) | 4.44% | ||
| GM | 39.58% | ||
| FCFM | N/A |
ROA(3y)-5.32%
ROA(5y)-1.28%
ROE(3y)-8.47%
ROE(5y)-2.71%
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 3Y-4.36%
ROICexcg growth 5Y-7.43%
ROICexc growth 3Y11.62%
ROICexc growth 5Y-17.4%
OM growth 3Y-2.12%
OM growth 5Y-0.89%
PM growth 3Y12.16%
PM growth 5Y-11.2%
GM growth 3Y-1.68%
GM growth 5Y-0.61%
F-Score4
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.35 | ||
| Cap/Depr | 61.63% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | 15.25 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.22 | ||
| Quick Ratio | 3.07 | ||
| Altman-Z | 14.99 |
F-Score4
WACC9.81%
ROIC/WACC0.29
Cap/Depr(3y)40%
Cap/Depr(5y)58.38%
Cap/Sales(3y)3.72%
Cap/Sales(5y)3.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-41.78%
EPS 3Y13%
EPS 5Y11.6%
EPS Q2Q%-52.38%
EPS Next Y3.55%
EPS Next 2Y19.25%
EPS Next 3Y20.36%
EPS Next 5Y18.87%
Revenue 1Y (TTM)5.22%
Revenue growth 3Y21.98%
Revenue growth 5Y17.92%
Sales Q2Q%-10.15%
Revenue Next Year11.27%
Revenue Next 2Y16.55%
Revenue Next 3Y14.31%
Revenue Next 5Y12.54%
EBIT growth 1Y-43.11%
EBIT growth 3Y19.4%
EBIT growth 5Y16.87%
EBIT Next Year56.64%
EBIT Next 3Y44.76%
EBIT Next 5Y28.14%
FCF growth 1Y-614.99%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-156.92%
OCF growth 3Y-43.88%
OCF growth 5Y-4.51%