Taking everything into account, AXON scores 5 out of 10 in our fundamental rating. AXON was compared to 73 industry peers in the Aerospace & Defense industry. AXON has an average financial health and profitability rating. AXON is valued quite expensive, but it does show an excellent growth. With these ratings, AXON could be worth investigating further for growth investing!.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

AXON had positive earnings in the past year.
In the past year AXON had a positive cash flow from operations.
In multiple years AXON reported negative net income over the last 5 years.
AXON had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

AXON's Return On Assets of 3.86% is fine compared to the rest of the industry. AXON outperforms 60.27% of its industry peers.
The Return On Equity of AXON (8.49%) is better than 61.64% of its industry peers.

		Industry Rank	Sector Rank
ROA	3.86%
ROE	8.49%
ROIC	N/A

ROA(3y)6.24%

ROA(5y)3.01%

ROE(3y)12.89%

ROE(5y)6.55%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

AXON has a better Profit Margin (10.05%) than 82.19% of its industry peers.
In the last couple of years the Profit Margin of AXON has grown nicely.
AXON has a Gross Margin of 60.31%. This is amongst the best in the industry. AXON outperforms 89.04% of its industry peers.
In the last couple of years the Gross Margin of AXON has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	10.05%
GM	60.31%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5Y155.54%

GM growth 3Y-1.64%

GM growth 5Y0.59%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

AXON does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, AXON has more shares outstanding
Compared to 5 years ago, AXON has more shares outstanding
The debt/assets ratio for AXON has been reduced compared to a year ago.

2.2 Solvency

AXON has an Altman-Z score of 7.39. This indicates that AXON is financially healthy and has little risk of bankruptcy at the moment.
AXON's Altman-Z score of 7.39 is fine compared to the rest of the industry. AXON outperforms 72.60% of its industry peers.
AXON has a debt to FCF ratio of 13.85. This is a negative value and a sign of low solvency as AXON would need 13.85 years to pay back of all of its debts.
AXON has a Debt to FCF ratio (13.85) which is in line with its industry peers.
AXON has a Debt/Equity ratio of 0.57. This is a neutral value indicating AXON is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.57, AXON is doing worse than 61.64% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.57
Debt/FCF	13.85
Altman-Z	7.39

ROIC/WACCN/A

WACC10.04%

2.3 Liquidity

AXON has a Current Ratio of 3.12. This indicates that AXON is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of AXON (3.12) is better than 63.01% of its industry peers.
AXON has a Quick Ratio of 2.89. This indicates that AXON is financially healthy and has no problem in meeting its short term obligations.
AXON has a better Quick ratio (2.89) than 79.45% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	3.12
Quick Ratio	2.89

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

AXON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.80%, which is quite impressive.
Measured over the past years, AXON shows a very strong growth in Earnings Per Share. The EPS has been growing by 41.41% on average per year.
Looking at the last year, AXON shows a very strong growth in Revenue. The Revenue has grown by 32.01%.
The Revenue has been growing by 31.44% on average over the past years. This is a very strong growth!

EPS 1Y (TTM)37.8%

EPS 3Y36.34%

EPS 5Y41.41%

EPS Q2Q%-19.31%

Revenue 1Y (TTM)32.01%

Revenue growth 3Y34.11%

Revenue growth 5Y31.44%

Sales Q2Q%30.57%

3.2 Future

AXON is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.44% yearly.
AXON is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.50% yearly.

EPS Next Y9.68%

EPS Next 2Y14.77%

EPS Next 3Y18.44%

EPS Next 5YN/A

Revenue Next Year31.99%

Revenue Next 2Y28.79%

Revenue Next 3Y27.32%

Revenue Next 5Y19.5%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 71.32, the valuation of AXON can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of AXON is on the same level as its industry peers.
AXON is valuated expensively when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 62.43, the valuation of AXON can be described as expensive.
AXON's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, AXON is valued quite expensively.

		Industry Rank	Sector Rank
PE	71.32
Fwd PE	62.43

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AXON is valued a bit more expensive than the industry average as 65.75% of the companies are valued more cheaply.
AXON's Price/Free Cash Flow ratio is in line with the industry average.

		Industry Rank	Sector Rank
P/FCF	263.13
EV/EBITDA	793

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AXON does not grow enough to justify the current Price/Earnings ratio.
AXON's earnings are expected to grow with 18.44% in the coming years. This may justify a more expensive valuation.