View Future GrowthAerostar 過去の業績過去 基準チェック /46Aerostarは、平均年間14.9%の収益成長を遂げていますが、 Aerospace & Defense業界の収益は、年間 成長しています。収益は、平均年間21.4% 14.1%収益成長率で 成長しています。 Aerostarの自己資本利益率は15.6%であり、純利益率は18.2%です。主要情報14.87%収益成長率14.87%EPS成長率Aerospace & Defense 業界の成長13.24%収益成長率14.06%株主資本利益率15.59%ネット・マージン18.20%次回の業績アップデート14 Aug 2026最近の業績更新お知らせ • Jun 01Aerostar S.A. to Report Q3, 2026 Results on Nov 06, 2026Aerostar S.A. announced that they will report Q3, 2026 results on Nov 06, 2026Reported 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.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.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.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.すべての更新を表示Recent updatesBuy Or Sell Opportunity • Jul 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 88% to RON19.00. The fair value is estimated to be RON15.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 6.7%.Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 34%After last week's 34% share price gain to RON17.70, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 33x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 118% over the past three years.New Risk • Jul 24New 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 7.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change).Buy Or Sell Opportunity • Jul 08Now 20% undervaluedOver the last 90 days, the stock has risen 22% to RON12.20. The fair value is estimated to be RON15.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 6.7%.お知らせ • Jun 01Aerostar S.A. to Report Q3, 2026 Results on Nov 06, 2026Aerostar S.A. announced that they will report Q3, 2026 results on Nov 06, 2026Reported 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...収支内訳Aerostar の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史BVB:ARS 収益、費用、利益 ( )RON Millions日付収益収益G+A経費研究開発費31 Mar 26649118242031 Dec 2562398237030 Sep 25606108234030 Jun 2560995235031 Mar 2560192233031 Dec 2458796233030 Sep 2456791225030 Jun 2455794217031 Mar 2453988208031 Dec 2350993199030 Sep 2351477191030 Jun 2351488184031 Mar 23490100177031 Dec 2246990167030 Sep 2245286160030 Jun 2240373152031 Mar 2239061144031 Dec 2137860140030 Sep 2131647122030 Jun 2130943131031 Mar 2128936128031 Dec 2029738133030 Sep 2036064150030 Jun 2038969144031 Mar 2040871148031 Dec 1940466144030 Sep 1938763141030 Jun 1937663136031 Mar 1937375134031 Dec 1835980133030 Sep 1836086131030 Jun 1834274131031 Mar 1835263129031 Dec 1734553127030 Sep 1734535126030 Jun 1735547124031 Mar 1735551124031 Dec 1636156121030 Sep 1637267119030 Jun 1635654116031 Mar 1634961110031 Dec 1533252107030 Sep 15304411020質の高い収益: ARSは 高品質の収益 を持っています。利益率の向上: ARSの現在の純利益率 (18.2%)は、昨年(15.3%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ARSの収益は過去 5 年間で年間14.9%増加しました。成長の加速: ARSの過去 1 年間の収益成長率 ( 28.9% ) は、5 年間の平均 ( 年間14.9%を上回っています。収益対業界: ARSの過去 1 年間の収益成長率 ( 28.9% ) Aerospace & Defense業界32.1%を上回りませんでした。株主資本利益率高いROE: ARSの 自己資本利益率 ( 15.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health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2026/07/28 16:15終値2026/07/28 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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
お知らせ • Jun 01Aerostar S.A. to Report Q3, 2026 Results on Nov 06, 2026Aerostar S.A. announced that they will report Q3, 2026 results on Nov 06, 2026
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.
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.
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.
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.
Buy Or Sell Opportunity • Jul 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 88% to RON19.00. The fair value is estimated to be RON15.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 6.7%.
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 34%After last week's 34% share price gain to RON17.70, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 33x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 118% over the past three years.
New Risk • Jul 24New 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 7.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change).
Buy Or Sell Opportunity • Jul 08Now 20% undervaluedOver the last 90 days, the stock has risen 22% to RON12.20. The fair value is estimated to be RON15.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 6.7%.
お知らせ • Jun 01Aerostar S.A. to Report Q3, 2026 Results on Nov 06, 2026Aerostar S.A. announced that they will report Q3, 2026 results on Nov 06, 2026
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...