Aerostar（ARS）株式概要アエロスターS.A.は、ルーマニア国内および国際的な民間航空産業向けの航空システムおよび地上防衛システムの製造、統合、アップグレード、メンテナンスに従事している。 詳細ARS ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績4/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より14.2%で取引されている 過去5年間の収益は年間14.9%増加しました。 リスク分析不安定な配当実績 すべてのリスクチェックを見るARS Community Fair Values Create NarrativeSee what 7 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueRON Current PriceRON 12.951.5% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture01b2016201920222025202620282031Revenue RON 1.3bEarnings RON 228.0mAdvancedSet Fair ValueView all narrativesAerostar S.A. 競合他社IARSymbol: BVB:IARVMarket cap: RON 473.4mTurbomecanicaSymbol: BVB:TBMMarket cap: RON 101.6mElectro-Alfa InternationalSymbol: BVB:EAIMarket cap: RON 2.2bBrikston Construction SolutionsSymbol: BVB:BKSMarket cap: RON 913.3m価格と性能株価の高値、安値、推移の概要Aerostar過去の株価現在の株価RON 12.9552週高値RON 13.5052週安値RON 8.40ベータ0.251ヶ月の変化29.76%3ヶ月変化23.92%1年変化49.54%3年間の変化68.18%5年間の変化187.78%IPOからの変化66,735.26%最新ニュースReported Earnings • May 14First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON195.4m (up 15% from 1Q 2025). Net income: RON41.1m (up 95% from 1Q 2025). Profit margin: 21% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 28%After last week's 28% share price gain to RON12.55, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 34x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 77% over the past three years.Upcoming Dividend • May 07Upcoming dividend of RON0.32 per shareEligible shareholders must have bought the stock before 14 May 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (1.3%).お知らせ • May 01Aerostar S.A. to Report Q1, 2026 Results on May 08, 2026Aerostar S.A. announced that they will report Q1, 2026 results on May 08, 2026Reported Earnings • Mar 26Full year 2025 earnings released: EPS: RON0.64 (vs RON0.63 in FY 2024)Full year 2025 results: EPS: RON0.64 (up from RON0.63 in FY 2024). Revenue: RON624.0m (up 6.3% from FY 2024). Net income: RON98.0m (up 2.4% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.Declared Dividend • Mar 25Dividend increased to RON0.32Dividend of RON0.32 is 33% higher than last year. Ex-date: 14th May 2026 Payment date: 5th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.最新情報をもっと見るRecent updatesReported Earnings • May 14First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON195.4m (up 15% from 1Q 2025). Net income: RON41.1m (up 95% from 1Q 2025). Profit margin: 21% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 28%After last week's 28% share price gain to RON12.55, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 34x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 77% over the past three years.Upcoming Dividend • May 07Upcoming dividend of RON0.32 per shareEligible shareholders must have bought the stock before 14 May 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (1.3%).お知らせ • May 01Aerostar S.A. to Report Q1, 2026 Results on May 08, 2026Aerostar S.A. announced that they will report Q1, 2026 results on May 08, 2026Reported Earnings • Mar 26Full year 2025 earnings released: EPS: RON0.64 (vs RON0.63 in FY 2024)Full year 2025 results: EPS: RON0.64 (up from RON0.63 in FY 2024). Revenue: RON624.0m (up 6.3% from FY 2024). Net income: RON98.0m (up 2.4% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.Declared Dividend • Mar 25Dividend increased to RON0.32Dividend of RON0.32 is 33% higher than last year. Ex-date: 14th May 2026 Payment date: 5th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 24Aerostar S.A. announces Annual dividend, payable on June 05, 2026Aerostar S.A. announced Annual dividend of RON 0.3200 per share payable on June 05, 2026, ex-date on May 14, 2026 and record date on May 15, 2026.Reported Earnings • Feb 23Full year 2025 earnings released: EPS: RON0.64 (vs RON0.63 in FY 2024)Full year 2025 results: EPS: RON0.64 (up from RON0.63 in FY 2024). Revenue: RON624.0m (up 6.3% from FY 2024). Net income: RON98.0m (up 2.4% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 27Aerostar S.A., Annual General Meeting, Apr 22, 2026Aerostar S.A., Annual General Meeting, Apr 22, 2026.Reported Earnings • Nov 10Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: RON125.7m (down 1.2% from 3Q 2024). Net income: RON24.7m (up 115% from 3Q 2024). Profit margin: 20% (up from 9.0% in 3Q 2024). The increase in margin was driven by lower expenses.Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: RON146.8m (up 6.3% from 2Q 2024). Net income: RON25.1m (up 13% from 2Q 2024). Profit margin: 17% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue.分析記事 • May 18Aerostar (BVB:ARS) Strong Profits May Be Masking Some Underlying IssuesAerostar S.A.'s ( BVB:ARS ) healthy profit numbers didn't contain any surprises for investors. We think this is due to...Upcoming Dividend • May 07Upcoming dividend of RON0.24 per shareEligible shareholders must have bought the stock before 14 May 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Romanian dividend payers (6.9%). Higher than average of industry peers (1.3%).Reported Earnings • Apr 29Full year 2024 earnings released: EPS: RON0.63 (vs RON0.61 in FY 2023)Full year 2024 results: EPS: RON0.63 (up from RON0.61 in FY 2023). Revenue: RON587.0m (up 15% from FY 2023). Net income: RON95.7m (up 2.9% from FY 2023). Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.New Risk • Apr 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 322% Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (322% cash payout ratio).分析記事 • Apr 23Aerostar's (BVB:ARS) Dividend Will Be Increased To RON0.24The board of Aerostar S.A. ( BVB:ARS ) has announced that the dividend on 5th of June will be increased to RON0.24...分析記事 • Mar 25Aerostar's (BVB:ARS) Shareholders Will Receive A Bigger Dividend Than Last YearAerostar S.A.'s ( BVB:ARS ) periodic dividend will be increasing on the 5th of June to RON0.24, with investors...Declared Dividend • Mar 24Dividend increased to RON0.24Dividend of RON0.24 is 14% higher than last year. Ex-date: 14th May 2025 Payment date: 5th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (281% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 23Aerostar S.A. announces Annual dividend, payable on June 05, 2025Aerostar S.A. announced Annual dividend of RON 0.2400 per share payable on June 05, 2025, ex-date on May 14, 2025 and record date on May 15, 2025.New Risk • Mar 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.分析記事 • Nov 16Aerostar (BVB:ARS) Strong Profits May Be Masking Some Underlying IssuesAerostar S.A.'s ( BVB:ARS ) robust recent earnings didn't do much to move the stock. We believe that shareholders have...Reported Earnings • Nov 12Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: RON128.1m (up 9.8% from 3Q 2023). Net income: RON11.5m (down 20% from 3Q 2023). Profit margin: 8.9% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 20Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: RON138.6m (up 14% from 2Q 2023). Net income: RON22.2m (up 33% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue.分析記事 • Apr 26Aerostar's (BVB:ARS) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by Aerostar S.A. ( BVB:ARS ) were solid, but the stock didn't move as much as we expected...Reported Earnings • Apr 21Full year 2023 earnings released: EPS: RON0.61 (vs RON0.59 in FY 2022)Full year 2023 results: EPS: RON0.61 (up from RON0.59 in FY 2022). Revenue: RON509.0m (up 8.5% from FY 2022). Net income: RON93.0m (up 3.1% from FY 2022). Profit margin: 18% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year.New Risk • Apr 09New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 374% Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Declared Dividend • Mar 18Dividend of RON0.21 announcedShareholders will receive a dividend of RON0.21. Ex-date: 8th May 2024 Payment date: 30th May 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (320% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 26Full year 2023 earnings released: EPS: RON0.61 (vs RON0.59 in FY 2022)Full year 2023 results: EPS: RON0.61 (up from RON0.59 in FY 2022). Revenue: RON510.7m (up 8.9% from FY 2022). Net income: RON93.0m (up 3.1% from FY 2022). Profit margin: 18% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year.New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (4.5% average weekly change).分析記事 • Jan 20Aerostar S.A.'s (BVB:ARS) Business Is Yet to Catch Up With Its Share PriceWith a price-to-earnings (or "P/E") ratio of 19.3x Aerostar S.A. ( BVB:ARS ) may be sending very bearish signals at the...Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to RON10.00, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 28x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 158% over the past three years.Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON118.0m (flat on 3Q 2022). Net income: RON14.3m (down 43% from 3Q 2022). Profit margin: 12% (down from 21% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 28% per year.New Risk • Aug 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 13Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: RON122.0m (up 26% from 2Q 2022). Net income: RON16.7m (down 42% from 2Q 2022). Profit margin: 14% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.分析記事 • Jul 03Aerostar (BVB:ARS) Has More To Do To Multiply In Value Going ForwardDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Upcoming Dividend • May 04Upcoming dividend of RON0.18 per share at 2.4% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Romanian dividend payers (9.0%). Higher than average of industry peers (1.6%).Reported Earnings • Apr 25Full year 2022 earnings released: EPS: RON0.59 (vs RON0.39 in FY 2021)Full year 2022 results: EPS: RON0.59 (up from RON0.39 in FY 2021). Net income: RON90.3m (up 51% from FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: RON0.59 (vs RON0.39 in FY 2021)Full year 2022 results: EPS: RON0.59 (up from RON0.39 in FY 2021). Revenue: RON470.4m (up 24% from FY 2021). Net income: RON90.3m (up 51% from FY 2021). Profit margin: 19% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Doros Liviu-Claudiu was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: RON118.1m (up 73% from 3Q 2021). Net income: RON25.1m (up 104% from 3Q 2021). Profit margin: 21% (up from 18% in 3Q 2021). The increase in margin was driven by higher revenue.お知らせ • Nov 12Aerostar S.A., Annual General Meeting, Dec 15, 2022Aerostar S.A., Annual General Meeting, Dec 15, 2022, at 13:00 E. Europe Standard Time. Location: Aerostar S.A. 9th Condorilor St, postal code 600302 Bacau Romania Agenda: To consider election of the secretariate of the OGMS in accordance with art.129, para. (2) and para. (5) of the Law no. 31/1990 on companies; to consider presentation and approval of the Income and Expenses Budget for the year 2023; to consider remuneration for the members on the Board of Directors; to consider presentation and approval to register, in accordance with legal provisions, of the dividends for the year 2018; and to empower the President General Director of the Company, Mr. Eng. Grigore FILIP.分析記事 • Sep 27Investors Met With Slowing Returns on Capital At Aerostar (BVB:ARS)There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to RON6.40, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 21x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 34% over the past three years.Reported Earnings • Aug 14Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: RON97.2m (up 16% from 2Q 2021). Net income: RON28.8m (up 72% from 2Q 2021). Profit margin: 30% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue.お知らせ • May 14Aerostar S.A., Annual General Meeting, Jun 16, 2022Aerostar S.A., Annual General Meeting, Jun 16, 2022, at 13:00 E. Europe Standard Time. Location: the registered head office in Bacau, 9 Condorilor St, postal code 600302, Bacau County Bacau Romania Agenda: To consider Election of the secretariate of the OGMS meeting in accordance with art. 129, para (2) and para (5) of the law no 31/1990 on companies; to The extension of the mandate for the members of the Audit Committee, appointed by the General Meeting of the Shareholders' Resolutions dated August 13th 2020, in accordance with art. 65 of the Act/Law no 162/2017 with reference to the statutory auditing of the annual financial statements and the consolidated annual financial statements, until July 10th 2024; to The repeal of BDO Audit SRL's mandate as the company's Financial Auditor, appointed by the General Meeting of the Shareholders' Resolutions dated April 24th 2021, as a result of termination of the Financial Auditing Contract; to Appointment of the financial auditor/auditing firm and stablishing the duration of the Financial Auditing Contract; and to consider other matter.Reported Earnings • May 08First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: RON104.9m (up 13% from 1Q 2021). Net income: RON20.0m (up 4.2% from 1Q 2021). Profit margin: 19% (down from 21% in 1Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • May 02Upcoming dividend of RON0.15 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Romanian dividend payers (6.3%). Higher than average of industry peers (1.6%).Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Doros Liviu-Claudiu was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 26% share price gain to RON9.05, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 23x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 93% over the past three years.分析記事 • Mar 16Aerostar (BVB:ARS) Could Be Struggling To Allocate CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Mar 02Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: RON0.39 (up from RON0.25 in FY 2020). Revenue: RON381.3m (up 27% from FY 2020). Net income: RON59.9m (up 56% from FY 2020). Profit margin: 16% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Nov 14Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON71.0m (up 12% from 3Q 2020). Net income: RON12.3m (up 49% from 3Q 2020). Profit margin: 17% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Reported Earnings • Aug 29Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RON85.0m (up 36% from 2Q 2020). Net income: RON16.8m (up 66% from 2Q 2020). Profit margin: 20% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 21% share price gain to RON6.65, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 23x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 50% over the past three years.Upcoming Dividend • May 24Upcoming dividend of RON0.12 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 22 June 2021. Trailing yield: 2.6%. Lower than top quartile of Romanian dividend payers (5.6%). Higher than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to RON4.80, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 23x in the Aerospace & Defense industry in Europe. Negligible returns to shareholders over past three years.お知らせ • Mar 17S.C. Aerostar S.A. Proposes Gross Dividend, Payable on 22 June 2021S.C. Aerostar S.A. at Ordinary General Meeting of Shareholders to be held on April 21, 2021 proposed gross dividend to one share is RON 0.12. The approval of the date of June 2nd, 2021, as Record Date, in accordance with art. 86 para 1 of the Law no 24/2017 regarding the issuers of financial instruments and market operations. With reference to the proposed record date, the ex date will be May 31, 2021. Approval of the date of 22 of June, 2021, as the Payment Date of the dividends relating the financial year 2020.お知らせ • Mar 16S.C. Aerostar S.A., Annual General Meeting, Apr 21, 2021S.C. Aerostar S.A., Annual General Meeting, Apr 21, 2021, at 13:00 E. Europe Standard Time. Location: Bacau, 9 Condorilor St, postal code 600302 Bacau Romania Agenda: To consider the election of secretariate of the OGMS meeting; to the report of the board of directors for the financial year of 2020; to the financial auditor's report on auditing the financial statements of the year 2020; to the financial statements of the year 2020; to the release of accountability of the board of directors and of the executive management for the year 2020, based on the reports presented; to appointment of the financial auditor/auditing firm (the financial audit contract is set to expire at the same time the auditing of the financial statements for the year 2020 is complete); and to consider other matter.Is New 90 Day High Low • Mar 09New 90-day low: RON4.00The company is down 5.0% from its price of RON4.22 on 09 December 2020. The Romanian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 3.0% over the same period.分析記事 • Mar 08Are Dividend Investors Making A Mistake With S.C. Aerostar S.A. (BVB:ARS)?Today we'll take a closer look at S.C. Aerostar S.A. ( BVB:ARS ) from a dividend investor's perspective. Owning a...Reported Earnings • Feb 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RON301.5m (down 25% from FY 2019). Net income: RON38.4m (down 42% from FY 2019). Profit margin: 13% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.分析記事 • Feb 15Is S.C. Aerostar (BVB:ARS) Likely To Turn Things Around?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...分析記事 • Jan 26Are S.C. Aerostar's (BVB:ARS) Statutory Earnings A Good Reflection Of Its Earnings Potential?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...分析記事 • Jan 07S.C. Aerostar (BVB:ARS) Has Compensated Shareholders With A Respectable 95% Return On Their InvestmentWhen we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is...Is New 90 Day High Low • Jan 06New 90-day high: RON4.36The company is up 1.0% from its price of RON4.30 on 07 October 2020. The Romanian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 26% over the same period.分析記事 • Dec 20Are Strong Financial Prospects The Force That Is Driving The Momentum In S.C. Aerostar S.A.'s BVB:ARS) Stock?Most readers would already be aware that S.C. Aerostar's (BVB:ARS) stock increased significantly by 6.5% over the past...分析記事 • Dec 01Why Dividend Hunters Love S.C. Aerostar S.A. (BVB:ARS)Is S.C. Aerostar S.A. (BVB:ARS) a good dividend stock? How can we tell? Dividend paying companies with growing...株主還元ARSRO Aerospace & DefenseRO 市場7D2.4%3.1%1.3%1Y49.5%5.8%68.0%株主還元を見る業界別リターン: ARS過去 1 年間で5.8 % の収益を上げたRO Aerospace & Defense業界を上回りました。リターン対市場: ARSは、過去 1 年間で68 % のリターンを上げたRO市場を下回りました。価格変動Is ARS's price volatile compared to industry and market?ARS volatilityARS Average Weekly Movement6.2%Aerospace & Defense Industry Average Movement7.0%Market Average Movement4.9%10% most volatile stocks in RO Market12.5%10% least volatile stocks in RO Market2.8%安定した株価: ARS 、 RO市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: ARSの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19531,873Alexandru Filipwww.aerostar.roAerostar S.A.社は、ルーマニア国内および国際的な民間航空産業向けの航空システムおよび地上防衛システムの製造、統合、アップグレード、メンテナンスに従事している。同社は、航空構造物、コンポーネント、部品およびサブアッセンブリー、着陸装置および油圧システム、ならびにメンテナンスおよび修理サービスを提供している。同社はまた、軍用機のMROとアップグレード、地上、海軍、空中のプラットフォームにおける電子、通信、IFFシステムの製造と統合にも携わっている。さらに、ロケットランチャー、バリエーション、コンフィギュレーションなどの地上防衛システム、射撃サブシステム、偵察・データサブシステム、指揮統制システム、後方支援サブシステム、およびエンジニアリング機器、トラック搭載榴弾砲、装甲車両などの軍事機器も製造している。同社は1953年に設立され、ルーマニアのバカウに本社を置く。Aerostar S.A.はIAROM S.A.の子会社である。もっと見るAerostar S.A. 基礎のまとめAerostar の収益と売上を時価総額と比較するとどうか。ARS 基礎統計学時価総額RON 1.97b収益（TTM）RON 118.12m売上高(TTM)RON 648.73m16.7xPER（株価収益率3.0xP/SレシオARS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計ARS 損益計算書（TTM）収益RON 648.73m売上原価RON 283.12m売上総利益RON 365.61mその他の費用RON 247.48m収益RON 118.12m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.78グロス・マージン56.36%純利益率18.21%有利子負債／自己資本比率0%ARS の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.7%現在の配当利回り54%配当性向ARS 配当は確実ですか？ARS 配当履歴とベンチマークを見るARS 、いつまでに購入すれば配当金を受け取れますか？Aerostar 配当日配当落ち日May 14 2026配当支払日Jun 05 2026配当落ちまでの日数8 days配当支払日までの日数14 daysARS 配当は確実ですか？ARS 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 02:16終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Aerostar S.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 14First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON195.4m (up 15% from 1Q 2025). Net income: RON41.1m (up 95% from 1Q 2025). Profit margin: 21% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 28%After last week's 28% share price gain to RON12.55, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 34x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 77% over the past three years.
Upcoming Dividend • May 07Upcoming dividend of RON0.32 per shareEligible shareholders must have bought the stock before 14 May 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (1.3%).
お知らせ • May 01Aerostar S.A. to Report Q1, 2026 Results on May 08, 2026Aerostar S.A. announced that they will report Q1, 2026 results on May 08, 2026
Reported Earnings • Mar 26Full year 2025 earnings released: EPS: RON0.64 (vs RON0.63 in FY 2024)Full year 2025 results: EPS: RON0.64 (up from RON0.63 in FY 2024). Revenue: RON624.0m (up 6.3% from FY 2024). Net income: RON98.0m (up 2.4% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.
Declared Dividend • Mar 25Dividend increased to RON0.32Dividend of RON0.32 is 33% higher than last year. Ex-date: 14th May 2026 Payment date: 5th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 14First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON195.4m (up 15% from 1Q 2025). Net income: RON41.1m (up 95% from 1Q 2025). Profit margin: 21% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 28%After last week's 28% share price gain to RON12.55, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 34x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 77% over the past three years.
Upcoming Dividend • May 07Upcoming dividend of RON0.32 per shareEligible shareholders must have bought the stock before 14 May 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (1.3%).
お知らせ • May 01Aerostar S.A. to Report Q1, 2026 Results on May 08, 2026Aerostar S.A. announced that they will report Q1, 2026 results on May 08, 2026
Reported Earnings • Mar 26Full year 2025 earnings released: EPS: RON0.64 (vs RON0.63 in FY 2024)Full year 2025 results: EPS: RON0.64 (up from RON0.63 in FY 2024). Revenue: RON624.0m (up 6.3% from FY 2024). Net income: RON98.0m (up 2.4% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year.
Declared Dividend • Mar 25Dividend increased to RON0.32Dividend of RON0.32 is 33% higher than last year. Ex-date: 14th May 2026 Payment date: 5th June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 24Aerostar S.A. announces Annual dividend, payable on June 05, 2026Aerostar S.A. announced Annual dividend of RON 0.3200 per share payable on June 05, 2026, ex-date on May 14, 2026 and record date on May 15, 2026.
Reported Earnings • Feb 23Full year 2025 earnings released: EPS: RON0.64 (vs RON0.63 in FY 2024)Full year 2025 results: EPS: RON0.64 (up from RON0.63 in FY 2024). Revenue: RON624.0m (up 6.3% from FY 2024). Net income: RON98.0m (up 2.4% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 27Aerostar S.A., Annual General Meeting, Apr 22, 2026Aerostar S.A., Annual General Meeting, Apr 22, 2026.
Reported Earnings • Nov 10Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: RON125.7m (down 1.2% from 3Q 2024). Net income: RON24.7m (up 115% from 3Q 2024). Profit margin: 20% (up from 9.0% in 3Q 2024). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 14Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: RON146.8m (up 6.3% from 2Q 2024). Net income: RON25.1m (up 13% from 2Q 2024). Profit margin: 17% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue.
分析記事 • May 18Aerostar (BVB:ARS) Strong Profits May Be Masking Some Underlying IssuesAerostar S.A.'s ( BVB:ARS ) healthy profit numbers didn't contain any surprises for investors. We think this is due to...
Upcoming Dividend • May 07Upcoming dividend of RON0.24 per shareEligible shareholders must have bought the stock before 14 May 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Romanian dividend payers (6.9%). Higher than average of industry peers (1.3%).
Reported Earnings • Apr 29Full year 2024 earnings released: EPS: RON0.63 (vs RON0.61 in FY 2023)Full year 2024 results: EPS: RON0.63 (up from RON0.61 in FY 2023). Revenue: RON587.0m (up 15% from FY 2023). Net income: RON95.7m (up 2.9% from FY 2023). Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 322% Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Dividend is not well covered by cash flows (322% cash payout ratio).
分析記事 • Apr 23Aerostar's (BVB:ARS) Dividend Will Be Increased To RON0.24The board of Aerostar S.A. ( BVB:ARS ) has announced that the dividend on 5th of June will be increased to RON0.24...
分析記事 • Mar 25Aerostar's (BVB:ARS) Shareholders Will Receive A Bigger Dividend Than Last YearAerostar S.A.'s ( BVB:ARS ) periodic dividend will be increasing on the 5th of June to RON0.24, with investors...
Declared Dividend • Mar 24Dividend increased to RON0.24Dividend of RON0.24 is 14% higher than last year. Ex-date: 14th May 2025 Payment date: 5th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (281% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 23Aerostar S.A. announces Annual dividend, payable on June 05, 2025Aerostar S.A. announced Annual dividend of RON 0.2400 per share payable on June 05, 2025, ex-date on May 14, 2025 and record date on May 15, 2025.
New Risk • Mar 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
分析記事 • Nov 16Aerostar (BVB:ARS) Strong Profits May Be Masking Some Underlying IssuesAerostar S.A.'s ( BVB:ARS ) robust recent earnings didn't do much to move the stock. We believe that shareholders have...
Reported Earnings • Nov 12Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: RON128.1m (up 9.8% from 3Q 2023). Net income: RON11.5m (down 20% from 3Q 2023). Profit margin: 8.9% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 20Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: RON138.6m (up 14% from 2Q 2023). Net income: RON22.2m (up 33% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue.
分析記事 • Apr 26Aerostar's (BVB:ARS) Solid Earnings May Rest On Weak FoundationsThe recent earnings posted by Aerostar S.A. ( BVB:ARS ) were solid, but the stock didn't move as much as we expected...
Reported Earnings • Apr 21Full year 2023 earnings released: EPS: RON0.61 (vs RON0.59 in FY 2022)Full year 2023 results: EPS: RON0.61 (up from RON0.59 in FY 2022). Revenue: RON509.0m (up 8.5% from FY 2022). Net income: RON93.0m (up 3.1% from FY 2022). Profit margin: 18% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year.
New Risk • Apr 09New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 374% Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Declared Dividend • Mar 18Dividend of RON0.21 announcedShareholders will receive a dividend of RON0.21. Ex-date: 8th May 2024 Payment date: 30th May 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (320% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 26Full year 2023 earnings released: EPS: RON0.61 (vs RON0.59 in FY 2022)Full year 2023 results: EPS: RON0.61 (up from RON0.59 in FY 2022). Revenue: RON510.7m (up 8.9% from FY 2022). Net income: RON93.0m (up 3.1% from FY 2022). Profit margin: 18% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 30% per year.
New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (4.5% average weekly change).
分析記事 • Jan 20Aerostar S.A.'s (BVB:ARS) Business Is Yet to Catch Up With Its Share PriceWith a price-to-earnings (or "P/E") ratio of 19.3x Aerostar S.A. ( BVB:ARS ) may be sending very bearish signals at the...
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to RON10.00, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 28x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 158% over the past three years.
Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON118.0m (flat on 3Q 2022). Net income: RON14.3m (down 43% from 3Q 2022). Profit margin: 12% (down from 21% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 28% per year.
New Risk • Aug 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 13Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: RON122.0m (up 26% from 2Q 2022). Net income: RON16.7m (down 42% from 2Q 2022). Profit margin: 14% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.
分析記事 • Jul 03Aerostar (BVB:ARS) Has More To Do To Multiply In Value Going ForwardDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Upcoming Dividend • May 04Upcoming dividend of RON0.18 per share at 2.4% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Romanian dividend payers (9.0%). Higher than average of industry peers (1.6%).
Reported Earnings • Apr 25Full year 2022 earnings released: EPS: RON0.59 (vs RON0.39 in FY 2021)Full year 2022 results: EPS: RON0.59 (up from RON0.39 in FY 2021). Net income: RON90.3m (up 51% from FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: RON0.59 (vs RON0.39 in FY 2021)Full year 2022 results: EPS: RON0.59 (up from RON0.39 in FY 2021). Revenue: RON470.4m (up 24% from FY 2021). Net income: RON90.3m (up 51% from FY 2021). Profit margin: 19% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Doros Liviu-Claudiu was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: RON118.1m (up 73% from 3Q 2021). Net income: RON25.1m (up 104% from 3Q 2021). Profit margin: 21% (up from 18% in 3Q 2021). The increase in margin was driven by higher revenue.
お知らせ • Nov 12Aerostar S.A., Annual General Meeting, Dec 15, 2022Aerostar S.A., Annual General Meeting, Dec 15, 2022, at 13:00 E. Europe Standard Time. Location: Aerostar S.A. 9th Condorilor St, postal code 600302 Bacau Romania Agenda: To consider election of the secretariate of the OGMS in accordance with art.129, para. (2) and para. (5) of the Law no. 31/1990 on companies; to consider presentation and approval of the Income and Expenses Budget for the year 2023; to consider remuneration for the members on the Board of Directors; to consider presentation and approval to register, in accordance with legal provisions, of the dividends for the year 2018; and to empower the President General Director of the Company, Mr. Eng. Grigore FILIP.
分析記事 • Sep 27Investors Met With Slowing Returns on Capital At Aerostar (BVB:ARS)There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to RON6.40, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 21x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 34% over the past three years.
Reported Earnings • Aug 14Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: RON97.2m (up 16% from 2Q 2021). Net income: RON28.8m (up 72% from 2Q 2021). Profit margin: 30% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue.
お知らせ • May 14Aerostar S.A., Annual General Meeting, Jun 16, 2022Aerostar S.A., Annual General Meeting, Jun 16, 2022, at 13:00 E. Europe Standard Time. Location: the registered head office in Bacau, 9 Condorilor St, postal code 600302, Bacau County Bacau Romania Agenda: To consider Election of the secretariate of the OGMS meeting in accordance with art. 129, para (2) and para (5) of the law no 31/1990 on companies; to The extension of the mandate for the members of the Audit Committee, appointed by the General Meeting of the Shareholders' Resolutions dated August 13th 2020, in accordance with art. 65 of the Act/Law no 162/2017 with reference to the statutory auditing of the annual financial statements and the consolidated annual financial statements, until July 10th 2024; to The repeal of BDO Audit SRL's mandate as the company's Financial Auditor, appointed by the General Meeting of the Shareholders' Resolutions dated April 24th 2021, as a result of termination of the Financial Auditing Contract; to Appointment of the financial auditor/auditing firm and stablishing the duration of the Financial Auditing Contract; and to consider other matter.
Reported Earnings • May 08First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: RON104.9m (up 13% from 1Q 2021). Net income: RON20.0m (up 4.2% from 1Q 2021). Profit margin: 19% (down from 21% in 1Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • May 02Upcoming dividend of RON0.15 per shareEligible shareholders must have bought the stock before 09 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Romanian dividend payers (6.3%). Higher than average of industry peers (1.6%).
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Doros Liviu-Claudiu was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 26% share price gain to RON9.05, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 23x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 93% over the past three years.
分析記事 • Mar 16Aerostar (BVB:ARS) Could Be Struggling To Allocate CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Mar 02Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: RON0.39 (up from RON0.25 in FY 2020). Revenue: RON381.3m (up 27% from FY 2020). Net income: RON59.9m (up 56% from FY 2020). Profit margin: 16% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 14Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON71.0m (up 12% from 3Q 2020). Net income: RON12.3m (up 49% from 3Q 2020). Profit margin: 17% (up from 13% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 29Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RON85.0m (up 36% from 2Q 2020). Net income: RON16.8m (up 66% from 2Q 2020). Profit margin: 20% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 21% share price gain to RON6.65, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 23x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 50% over the past three years.
Upcoming Dividend • May 24Upcoming dividend of RON0.12 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 22 June 2021. Trailing yield: 2.6%. Lower than top quartile of Romanian dividend payers (5.6%). Higher than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Apr 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to RON4.80, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 23x in the Aerospace & Defense industry in Europe. Negligible returns to shareholders over past three years.
お知らせ • Mar 17S.C. Aerostar S.A. Proposes Gross Dividend, Payable on 22 June 2021S.C. Aerostar S.A. at Ordinary General Meeting of Shareholders to be held on April 21, 2021 proposed gross dividend to one share is RON 0.12. The approval of the date of June 2nd, 2021, as Record Date, in accordance with art. 86 para 1 of the Law no 24/2017 regarding the issuers of financial instruments and market operations. With reference to the proposed record date, the ex date will be May 31, 2021. Approval of the date of 22 of June, 2021, as the Payment Date of the dividends relating the financial year 2020.
お知らせ • Mar 16S.C. Aerostar S.A., Annual General Meeting, Apr 21, 2021S.C. Aerostar S.A., Annual General Meeting, Apr 21, 2021, at 13:00 E. Europe Standard Time. Location: Bacau, 9 Condorilor St, postal code 600302 Bacau Romania Agenda: To consider the election of secretariate of the OGMS meeting; to the report of the board of directors for the financial year of 2020; to the financial auditor's report on auditing the financial statements of the year 2020; to the financial statements of the year 2020; to the release of accountability of the board of directors and of the executive management for the year 2020, based on the reports presented; to appointment of the financial auditor/auditing firm (the financial audit contract is set to expire at the same time the auditing of the financial statements for the year 2020 is complete); and to consider other matter.
Is New 90 Day High Low • Mar 09New 90-day low: RON4.00The company is down 5.0% from its price of RON4.22 on 09 December 2020. The Romanian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 3.0% over the same period.
分析記事 • Mar 08Are Dividend Investors Making A Mistake With S.C. Aerostar S.A. (BVB:ARS)?Today we'll take a closer look at S.C. Aerostar S.A. ( BVB:ARS ) from a dividend investor's perspective. Owning a...
Reported Earnings • Feb 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RON301.5m (down 25% from FY 2019). Net income: RON38.4m (down 42% from FY 2019). Profit margin: 13% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
分析記事 • Feb 15Is S.C. Aerostar (BVB:ARS) Likely To Turn Things Around?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
分析記事 • Jan 26Are S.C. Aerostar's (BVB:ARS) Statutory Earnings A Good Reflection Of Its Earnings Potential?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
分析記事 • Jan 07S.C. Aerostar (BVB:ARS) Has Compensated Shareholders With A Respectable 95% Return On Their InvestmentWhen we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is...
Is New 90 Day High Low • Jan 06New 90-day high: RON4.36The company is up 1.0% from its price of RON4.30 on 07 October 2020. The Romanian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 26% over the same period.
分析記事 • Dec 20Are Strong Financial Prospects The Force That Is Driving The Momentum In S.C. Aerostar S.A.'s BVB:ARS) Stock?Most readers would already be aware that S.C. Aerostar's (BVB:ARS) stock increased significantly by 6.5% over the past...
分析記事 • Dec 01Why Dividend Hunters Love S.C. Aerostar S.A. (BVB:ARS)Is S.C. Aerostar S.A. (BVB:ARS) a good dividend stock? How can we tell? Dividend paying companies with growing...
