AEROVIRONMENT INC (AVAV) Stock Fundamental Analysis
USA - NASDAQ:AVAV - US0080731088 - Common Stock
409.83 USD
+17.54 (+4.47%)
403.748 USD
-6.08 (-1.48%)
We assign a fundamental rating of 4 out of 10 to AVAV. AVAV was compared to 69 industry peers in the Aerospace & Defense industry. The financial health of AVAV is average, but there are quite some concerns on its profitability. AVAV is valued quite expensively, but it does show have an excellent growth rating.
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.
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's Return On Assets of -0.80% is on the low side compared to the rest of the industry. AVAV is outperformed by 60.87% of its industry peers.
AVAV has a Return On Equity of -1.01%. This is comparable to the rest of the industry: AVAV outperforms 42.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.8% | ||
| ROE | -1.01% | ||
| ROIC | 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
1.3 Margins
In the last couple of years the Profit Margin of AVAV has declined.
AVAV's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 30.60%, AVAV is doing good in the industry, outperforming 69.57% of the companies in the same industry.
In the last couple of years the Gross Margin of AVAV has remained more or less at the same level.
AVAV does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 30.6% |
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
AVAV does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, AVAV has more shares outstanding
The number of shares outstanding for AVAV has been increased compared to 5 years ago.
The debt/assets ratio for AVAV is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 10.77 indicates that AVAV is not in any danger for bankruptcy at the moment.
AVAV has a better Altman-Z score (10.77) than 84.06% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that AVAV is not too dependend on debt financing.
AVAV's Debt to Equity ratio of 0.16 is fine compared to the rest of the industry. AVAV outperforms 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 10.77 |
ROIC/WACCN/A
WACC9.67%
2.3 Liquidity
A Current Ratio of 5.96 indicates that AVAV has no problem at all paying its short term obligations.
AVAV has a better Current ratio (5.96) than 95.65% of its industry peers.
A Quick Ratio of 5.12 indicates that AVAV has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 5.12, AVAV belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.96 | ||
| Quick Ratio | 5.12 |
3. Growth
3.1 Past
The earnings per share for AVAV have decreased by -7.53% in the last year.
The Earnings Per Share has been growing by 12.43% on average over the past years. This is quite good.
The Revenue has grown by 44.04% 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 17.44% yearly.
EPS 1Y (TTM)-7.53%
EPS 3Y38.53%
EPS 5Y12.43%
EPS Q2Q%-64.04%
Revenue 1Y (TTM)44.04%
Revenue growth 3Y22.57%
Revenue growth 5Y17.44%
Sales Q2Q%139.96%
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 19.15% on average per year.
AVAV is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 34.91% yearly.
EPS Next Y17%
EPS Next 2Y19.21%
EPS Next 3Y23.85%
EPS Next 5Y19.15%
Revenue Next Year154.08%
Revenue Next 2Y72.21%
Revenue Next 3Y50.6%
Revenue Next 5Y34.91%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 151.79, AVAV can be considered very expensive at the moment.
AVAV's Price/Earnings is on the same level as the industry average.
AVAV is valuated expensively when we compare the Price/Earnings ratio to 27.34, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 88.20, AVAV can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as AVAV.
The average S&P500 Price/Forward Earnings ratio is at 22.86. AVAV is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 151.79 | ||
| Fwd PE | 88.2 |
4.2 Price Multiples
63.77% of the companies in the same industry are cheaper than AVAV, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 229.79 |
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 23.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)8.93
PEG (5Y)12.21
EPS Next 2Y19.21%
EPS Next 3Y23.85%
5. Dividend
5.1 Amount
No dividends for AVAV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
409.83
+17.54 (+4.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners59.21%
Inst Owner Change0.08%
Ins Owners0.79%
Ins Owner Change-96.09%
Market Cap20.46B
Analysts87
Price Target304.61 (-25.67%)
Short Float %7.27%
Short Ratio2.73
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)1
Avg EPS beat(2)-0.85%
Min EPS beat(2)-15.12%
Max EPS beat(2)13.42%
EPS beat(4)1
Avg EPS beat(4)-22.68%
Min EPS beat(4)-53.02%
Max EPS beat(4)13.42%
EPS beat(8)5
Avg EPS beat(8)22.51%
EPS beat(12)6
Avg EPS beat(12)27.47%
EPS beat(16)8
Avg EPS beat(16)8.87%
Revenue beat(2)2
Avg Revenue beat(2)6.52%
Min Revenue beat(2)1.43%
Max Revenue beat(2)11.62%
Revenue beat(4)3
Avg Revenue beat(4)-0.56%
Min Revenue beat(4)-16.31%
Max Revenue beat(4)11.62%
Revenue beat(8)7
Avg Revenue beat(8)1.4%
Revenue beat(12)10
Avg Revenue beat(12)3.35%
Revenue beat(16)11
Avg Revenue beat(16)0.86%
PT rev (1m)4.08%
PT rev (3m)52.85%
EPS NQ rev (1m)0.21%
EPS NQ rev (3m)18.24%
EPS NY rev (1m)11.47%
EPS NY rev (3m)13.36%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-1.09%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 151.79 | ||
| Fwd PE | 88.2 | ||
| P/S | 18.85 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 4.62 | ||
| P/tB | 26.62 | ||
| EV/EBITDA | 229.79 |
EPS(TTM)2.7
EY0.66%
EPS(NY)4.65
Fwd EY1.13%
FCF(TTM)-4.06
FCFYN/A
OCF(TTM)-3.07
OCFYN/A
SpS21.75
BVpS88.67
TBVpS15.4
PEG (NY)8.93
PEG (5Y)12.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.8% | ||
| ROE | -1.01% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 30.6% | ||
| 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 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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-Score1
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.13 | ||
| Cap/Depr | 40.4% | ||
| Cap/Sales | 4.55% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.96 | ||
| Quick Ratio | 5.12 | ||
| Altman-Z | 10.77 |
F-Score1
WACC9.67%
ROIC/WACCN/A
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)-7.53%
EPS 3Y38.53%
EPS 5Y12.43%
EPS Q2Q%-64.04%
EPS Next Y17%
EPS Next 2Y19.21%
EPS Next 3Y23.85%
EPS Next 5Y19.15%
Revenue 1Y (TTM)44.04%
Revenue growth 3Y22.57%
Revenue growth 5Y17.44%
Sales Q2Q%139.96%
Revenue Next Year154.08%
Revenue Next 2Y72.21%
Revenue Next 3Y50.6%
Revenue Next 5Y34.91%
EBIT growth 1Y-147.59%
EBIT growth 3YN/A
EBIT growth 5Y4.66%
EBIT Next Year313.77%
EBIT Next 3Y85.51%
EBIT Next 5Y56.41%
FCF growth 1Y-485.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-611.81%
OCF growth 3YN/A
OCF growth 5YN/A