View Future GrowthIAR 過去の業績過去 基準チェック /56IARは、平均年間6.6%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19.9% 8%収益成長率で 成長しています。 IARの自己資本利益率は18.5%であり、純利益率は14.6%です。主要情報6.56%収益成長率2.36%EPS成長率Aerospace & Defense 業界の成長13.24%収益成長率7.99%株主資本利益率18.49%ネット・マージン14.63%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 20First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON139.2m (down 7.5% from 1Q 2025). Net income: RON30.6m (up 98% from 1Q 2025). Profit margin: 22% (up from 10% in 1Q 2025). The increase in margin was driven by lower expenses.お知らせ • May 16IAR S.A. to Report Q1, 2026 Results on May 15, 2026IAR S.A. announced that they will report Q1, 2026 results on May 15, 2026分析記事 • Apr 06IAR's (BVB:IARV) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that IAR S.A.'s ( BVB:IARV ) strong earnings didn't offer any surprises. Our...Reported Earnings • May 18First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON150.5m (up 27% from 1Q 2024). Net income: RON15.5m (up 146% from 1Q 2024). Profit margin: 10% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue.分析記事 • Mar 07We Think You Should Be Aware Of Some Concerning Factors In IAR's (BVB:IARV) EarningsIAR S.A.'s ( BVB:IARV ) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders...Reported Earnings • Mar 03Full year 2024 earnings released: EPS: RON1.76 (vs RON1.32 in FY 2023)Full year 2024 results: EPS: RON1.76 (up from RON1.32 in FY 2023). Revenue: RON383.4m (down 10% from FY 2023). Net income: RON32.1m (up 33% from FY 2023). Profit margin: 8.4% (up from 5.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to RON30.00, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 32x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 166% over the past three years.Reported Earnings • May 20First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON139.2m (down 7.5% from 1Q 2025). Net income: RON30.6m (up 98% from 1Q 2025). Profit margin: 22% (up from 10% in 1Q 2025). The increase in margin was driven by lower expenses.お知らせ • May 16IAR S.A. to Report Q1, 2026 Results on May 15, 2026IAR S.A. announced that they will report Q1, 2026 results on May 15, 2026Declared Dividend • May 11Dividend increased to RON1.34Dividend of RON1.34 is 363% higher than last year. Ex-date: 25th June 2026 Payment date: 16th July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not adequately covered by earnings (90.1% earnings payout ratio). However, it is well covered by cash flows (30% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.お知らせ • May 07IAR S.A. announces Annual dividend, payable on July 16, 2026IAR S.A. announced Annual dividend of RON 1.3420 per share payable on July 16, 2026, ex-date on June 25, 2026 and record date on June 26, 2026.分析記事 • Apr 06IAR's (BVB:IARV) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that IAR S.A.'s ( BVB:IARV ) strong earnings didn't offer any surprises. Our...New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 90% Dividend yield: 9.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (RON438.7m market cap, or US$99.1m).Declared Dividend • Mar 26Dividend increased to RON2.35Dividend of RON2.35 is 710% higher than last year. Ex-date: 16th June 2026 Payment date: 6th July 2026 Dividend yield will be 10%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to RON21.10, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 37x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 127% over the past three years.お知らせ • Mar 25IAR S.A. announces Annual dividend, payable on July 06, 2026IAR S.A. announced Annual dividend of RON 2.3500 per share payable on July 06, 2026, ex-date on June 16, 2026 and record date on June 17, 2026.New Risk • Feb 19New 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 6.9% 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 Risks Earnings have declined by 3.9% per year over the past 5 years. High level of non-cash earnings (148% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (RON335.4m market cap, or US$77.4m).お知らせ • Feb 03IAR S.A., Annual General Meeting, Apr 28, 2026IAR S.A., Annual General Meeting, Apr 28, 2026.Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to RON20.50, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 35x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 105% over the past three years.分析記事 • Dec 17Benign Growth For IAR S.A. (BVB:IARV) Underpins Its Share PriceIAR S.A.'s ( BVB:IARV ) price-to-sales (or "P/S") ratio of 0.7x might make it look like a buy right now compared to the...Upcoming Dividend • Jun 09Upcoming dividend of RON0.29 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (1.2%).Reported Earnings • May 18First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON150.5m (up 27% from 1Q 2024). Net income: RON15.5m (up 146% from 1Q 2024). Profit margin: 10% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue.分析記事 • May 17Insufficient Growth At IAR S.A. (BVB:IARV) Hampers Share PriceWith a price-to-earnings (or "P/E") ratio of 7.6x IAR S.A. ( BVB:IARV ) may be sending very bullish signals at the...Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to RON13.60, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 33x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 46% over the past three years.Declared Dividend • May 09Dividend reduced to RON0.29Dividend of RON0.29 is 55% lower than last year. Ex-date: 16th June 2025 Payment date: 4th July 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 81% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.5% EPS decline seen over the last 5 years.Board Change • May 04High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive & Independent Director Alexandra-Cristiana Vasile is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Buy Or Sell Opportunity • Apr 03Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.4% to RON13.30. The fair value is estimated to be RON11.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 14%.分析記事 • Mar 07We Think You Should Be Aware Of Some Concerning Factors In IAR's (BVB:IARV) EarningsIAR S.A.'s ( BVB:IARV ) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders...Reported Earnings • Mar 03Full year 2024 earnings released: EPS: RON1.76 (vs RON1.32 in FY 2023)Full year 2024 results: EPS: RON1.76 (up from RON1.32 in FY 2023). Revenue: RON383.4m (down 10% from FY 2023). Net income: RON32.1m (up 33% from FY 2023). Profit margin: 8.4% (up from 5.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • Nov 19Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: RON71.2m (down 2.9% from 3Q 2023). Net income: RON693.4k (down 7.8% from 3Q 2023). Profit margin: 1.0% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.New Risk • Sep 23New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 421% Paying a dividend despite having no free cash flows. Earnings have declined by 25% per year over the past 5 years. High level of non-cash earnings (69% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (RON233.1m market cap, or US$52.1m).Upcoming Dividend • Jun 06Upcoming dividend of RON0.64 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 05 July 2024. Trailing yield: 4.5%. Lower than top quartile of Romanian dividend payers (7.0%). Higher than average of industry peers (1.3%).Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: RON118.7m (down 8.6% from 1Q 2023). Net income: RON6.31m (down 84% from 1Q 2023). Profit margin: 5.3% (down from 29% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Mar 03Full year 2023 earnings released: EPS: RON1.32 (vs RON0.78 in FY 2022)Full year 2023 results: EPS: RON1.32 (up from RON0.78 in FY 2022). Revenue: RON428.7m (up 36% from FY 2022). Net income: RON24.1m (up 70% from FY 2022). Profit margin: 5.6% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Feb 01New 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Market cap is less than US$100m (RON263.2m market cap, or US$57.2m).Reported Earnings • Nov 21Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON74.4m (up 167% from 3Q 2022). Net income: RON751.9k (up RON3.74m from 3Q 2022). Profit margin: 1.0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. 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 2% per year.Upcoming Dividend • Jun 07Upcoming dividend of RON0.29 per share at 2.3% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Romanian dividend payers (8.0%). Higher than average of industry peers (1.6%).分析記事 • May 16IAR (BVB:IARV) Could Be Struggling To Allocate CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to RON11.70, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 25x in the Aerospace & Defense industry in Europe. Total loss to shareholders of 4.5% over the past three years.Reported Earnings • Mar 04Full year 2022 earnings released: EPS: RON0.78 (vs RON1.29 in FY 2021)Full year 2022 results: EPS: RON0.78 (down from RON1.29 in FY 2021). Revenue: RON315.8m (down 4.1% from FY 2021). Net income: RON14.2m (down 40% from FY 2021). Profit margin: 4.5% (down from 7.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: RON28.3m (down 59% from 3Q 2021). Net loss: RON2.99m (down 165% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Mihai Dontu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Nov 10High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Mihai Dontu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Upcoming Dividend • Jun 20Upcoming dividend of RON0.30 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 15 July 2022. Trailing yield: 3.0%. Lower than top quartile of Romanian dividend payers (7.1%). Higher than average of industry peers (1.8%).Reported Earnings • May 20First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: RON96.6m (flat on 1Q 2021). Net income: RON1.84m (down 87% from 1Q 2021). Profit margin: 1.9% (down from 15% in 1Q 2021).Reported Earnings • Mar 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: RON1.24 (down from RON1.86 in FY 2020). Revenue: RON333.0m (up 30% from FY 2020). Net income: RON22.7m (down 33% from FY 2020). Profit margin: 6.8% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.分析記事 • Feb 25IAR (BVB:IARV) Is Experiencing Growth In Returns On 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 • Nov 19Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON71.8m (up 30% from 3Q 2020). Net income: RON4.60m (up RON5.00m from 3Q 2020). Profit margin: 6.4% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue.Upcoming Dividend • Jun 17Upcoming dividend of RON0.42 per shareEligible shareholders must have bought the stock before 24 June 2021. Payment date: 15 July 2021. Trailing yield: 8.0%. Within top quartile of Romanian dividend payers (5.8%). Higher than average of industry peers (1.5%).分析記事 • May 08Estimating The Intrinsic Value Of IAR S.A. (BVB:IARV)In this article we are going to estimate the intrinsic value of IAR S.A. ( BVB:IARV ) by taking the expected future...分析記事 • Apr 18Should You Or Shouldn't You: A Dividend Analysis on IAR S.A. (BVB:IARV)Is IAR S.A. ( BVB:IARV ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...分析記事 • Mar 30IAR (BVB:IARV) Might Have The Makings Of A Multi-BaggerTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Mar 10Is IAR S.A.'s (BVB:IARV) Recent Performance Tethered To Its Attractive Financial Prospects?IAR's (BVB:IARV) stock up by 5.5% over the past three months. Since the market usually pay for a company’s long-term...分析記事 • Feb 16We Wouldn't Rely On IAR's (BVB:IARV) Statutory Earnings As A GuideIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...分析記事 • Feb 01Estimating The Intrinsic Value Of IAR S.A. (BVB:IARV)Today we will run through one way of estimating the intrinsic value of IAR S.A. ( BVB:IARV ) by estimating the...Is New 90 Day High Low • Dec 28New 90-day low: RON11.50The company is down 16% from its price of RON13.70 on 29 September 2020. The Romanian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 32% over the same period.分析記事 • Dec 27We're Watching These Trends At IAR (BVB:IARV)To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...分析記事 • Dec 10Something To Consider Before Buying IAR S.A. (BVB:IARV) For The 8.4% DividendCould IAR S.A. ( BVB:IARV ) be an attractive dividend share to own for the long haul? Investors are often drawn to...Is New 90 Day High Low • Dec 07New 90-day low: RON12.00The company is down 15% from its price of RON14.05 on 08 September 2020. The Romanian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 22% over the same period.分析記事 • Nov 22Will Weakness in IAR S.A.'s (BVB:IARV) Stock Prove Temporary Given Strong Fundamentals?With its stock down 10% over the past three months, it is easy to disregard IAR (BVB:IARV). However, stock prices are...Is New 90 Day High Low • Oct 15New 90-day low: RON12.90The company is down 9.0% from its price of RON14.20 on 17 July 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 6.0% over the same period.Is New 90 Day High Low • Sep 22New 90-day low: RON13.55The company is down 10.0% from its price of RON15.00 on 24 June 2020. The Romanian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 1.0% over the same period.収支内訳IAR 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:IARV 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 264306381031 Dec 254414880030 Sep 253993779030 Jun 253512578031 Mar 254134178031 Dec 243823274030 Sep 24362373030 Jun 24365368031 Mar 24416-865031 Dec 234272463030 Sep 234483659030 Jun 234033358031 Mar 233495156031 Dec 223151453030 Sep 223181556030 Jun 223592253031 Mar 223271152031 Dec 213272351030 Sep 212784248030 Jun 212653747031 Mar 212543546031 Dec 202563446030 Sep 202831544030 Jun 203182943031 Mar 203795343031 Dec 193664941030 Sep 194086039030 Jun 193905736031 Mar 193053533031 Dec 182593131030 Sep 182413028030 Jun 181831927031 Mar 182142626031 Dec 171932424030 Sep 17173523030 Jun 171821022031 Mar 17160821031 Dec 161521220030 Sep 16149218030 Jun 16143-218031 Mar 16106817031 Dec 151311217030 Sep 151333617030 Jun 1512435170質の高い収益: IARVは 高品質の収益 を持っています。利益率の向上: IARVの現在の純利益率 (14.6%)は、昨年(9.9%)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: IARVの収益は過去 5 年間で年間6.6%増加しました。成長の加速: IARVの過去 1 年間の収益成長率 ( 54.2% ) は、5 年間の平均 ( 年間6.6%を上回っています。収益対業界: IARVの過去 1 年間の収益成長率 ( 54.2% ) はAerospace & Defense業界38.9%を上回りました。株主資本利益率高いROE: IARVの 自己資本利益率 ( 18.5% ) 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2026/05/29 12:35終値2026/05/29 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IAR 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 20First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON139.2m (down 7.5% from 1Q 2025). Net income: RON30.6m (up 98% from 1Q 2025). Profit margin: 22% (up from 10% in 1Q 2025). The increase in margin was driven by lower expenses.
お知らせ • May 16IAR S.A. to Report Q1, 2026 Results on May 15, 2026IAR S.A. announced that they will report Q1, 2026 results on May 15, 2026
分析記事 • Apr 06IAR's (BVB:IARV) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that IAR S.A.'s ( BVB:IARV ) strong earnings didn't offer any surprises. Our...
Reported Earnings • May 18First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON150.5m (up 27% from 1Q 2024). Net income: RON15.5m (up 146% from 1Q 2024). Profit margin: 10% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue.
分析記事 • Mar 07We Think You Should Be Aware Of Some Concerning Factors In IAR's (BVB:IARV) EarningsIAR S.A.'s ( BVB:IARV ) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders...
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: RON1.76 (vs RON1.32 in FY 2023)Full year 2024 results: EPS: RON1.76 (up from RON1.32 in FY 2023). Revenue: RON383.4m (down 10% from FY 2023). Net income: RON32.1m (up 33% from FY 2023). Profit margin: 8.4% (up from 5.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% 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 • May 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to RON30.00, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 32x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 166% over the past three years.
Reported Earnings • May 20First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON139.2m (down 7.5% from 1Q 2025). Net income: RON30.6m (up 98% from 1Q 2025). Profit margin: 22% (up from 10% in 1Q 2025). The increase in margin was driven by lower expenses.
お知らせ • May 16IAR S.A. to Report Q1, 2026 Results on May 15, 2026IAR S.A. announced that they will report Q1, 2026 results on May 15, 2026
Declared Dividend • May 11Dividend increased to RON1.34Dividend of RON1.34 is 363% higher than last year. Ex-date: 25th June 2026 Payment date: 16th July 2026 Dividend yield will be 5.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not adequately covered by earnings (90.1% earnings payout ratio). However, it is well covered by cash flows (30% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
お知らせ • May 07IAR S.A. announces Annual dividend, payable on July 16, 2026IAR S.A. announced Annual dividend of RON 1.3420 per share payable on July 16, 2026, ex-date on June 25, 2026 and record date on June 26, 2026.
分析記事 • Apr 06IAR's (BVB:IARV) Performance Is Even Better Than Its Earnings SuggestThe subdued stock price reaction suggests that IAR S.A.'s ( BVB:IARV ) strong earnings didn't offer any surprises. Our...
New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. Payout ratio: 90% Dividend yield: 9.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (RON438.7m market cap, or US$99.1m).
Declared Dividend • Mar 26Dividend increased to RON2.35Dividend of RON2.35 is 710% higher than last year. Ex-date: 16th June 2026 Payment date: 6th July 2026 Dividend yield will be 10%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to RON21.10, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 37x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 127% over the past three years.
お知らせ • Mar 25IAR S.A. announces Annual dividend, payable on July 06, 2026IAR S.A. announced Annual dividend of RON 2.3500 per share payable on July 06, 2026, ex-date on June 16, 2026 and record date on June 17, 2026.
New Risk • Feb 19New 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 6.9% 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 Risks Earnings have declined by 3.9% per year over the past 5 years. High level of non-cash earnings (148% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (RON335.4m market cap, or US$77.4m).
お知らせ • Feb 03IAR S.A., Annual General Meeting, Apr 28, 2026IAR S.A., Annual General Meeting, Apr 28, 2026.
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to RON20.50, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 35x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 105% over the past three years.
分析記事 • Dec 17Benign Growth For IAR S.A. (BVB:IARV) Underpins Its Share PriceIAR S.A.'s ( BVB:IARV ) price-to-sales (or "P/S") ratio of 0.7x might make it look like a buy right now compared to the...
Upcoming Dividend • Jun 09Upcoming dividend of RON0.29 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Romanian dividend payers (6.5%). Higher than average of industry peers (1.2%).
Reported Earnings • May 18First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON150.5m (up 27% from 1Q 2024). Net income: RON15.5m (up 146% from 1Q 2024). Profit margin: 10% (up from 5.3% in 1Q 2024). The increase in margin was driven by higher revenue.
分析記事 • May 17Insufficient Growth At IAR S.A. (BVB:IARV) Hampers Share PriceWith a price-to-earnings (or "P/E") ratio of 7.6x IAR S.A. ( BVB:IARV ) may be sending very bullish signals at the...
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to RON13.60, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 33x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 46% over the past three years.
Declared Dividend • May 09Dividend reduced to RON0.29Dividend of RON0.29 is 55% lower than last year. Ex-date: 16th June 2025 Payment date: 4th July 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 81% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.5% EPS decline seen over the last 5 years.
Board Change • May 04High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive & Independent Director Alexandra-Cristiana Vasile is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Buy Or Sell Opportunity • Apr 03Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.4% to RON13.30. The fair value is estimated to be RON11.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has declined by 14%.
分析記事 • Mar 07We Think You Should Be Aware Of Some Concerning Factors In IAR's (BVB:IARV) EarningsIAR S.A.'s ( BVB:IARV ) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders...
Reported Earnings • Mar 03Full year 2024 earnings released: EPS: RON1.76 (vs RON1.32 in FY 2023)Full year 2024 results: EPS: RON1.76 (up from RON1.32 in FY 2023). Revenue: RON383.4m (down 10% from FY 2023). Net income: RON32.1m (up 33% from FY 2023). Profit margin: 8.4% (up from 5.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 19Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: RON71.2m (down 2.9% from 3Q 2023). Net income: RON693.4k (down 7.8% from 3Q 2023). Profit margin: 1.0% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
New Risk • Sep 23New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 421% Paying a dividend despite having no free cash flows. Earnings have declined by 25% per year over the past 5 years. High level of non-cash earnings (69% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (RON233.1m market cap, or US$52.1m).
Upcoming Dividend • Jun 06Upcoming dividend of RON0.64 per shareEligible shareholders must have bought the stock before 13 June 2024. Payment date: 05 July 2024. Trailing yield: 4.5%. Lower than top quartile of Romanian dividend payers (7.0%). Higher than average of industry peers (1.3%).
Reported Earnings • May 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: RON118.7m (down 8.6% from 1Q 2023). Net income: RON6.31m (down 84% from 1Q 2023). Profit margin: 5.3% (down from 29% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: RON1.32 (vs RON0.78 in FY 2022)Full year 2023 results: EPS: RON1.32 (up from RON0.78 in FY 2022). Revenue: RON428.7m (up 36% from FY 2022). Net income: RON24.1m (up 70% from FY 2022). Profit margin: 5.6% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Feb 01New 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Market cap is less than US$100m (RON263.2m market cap, or US$57.2m).
Reported Earnings • Nov 21Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON74.4m (up 167% from 3Q 2022). Net income: RON751.9k (up RON3.74m from 3Q 2022). Profit margin: 1.0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. 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 2% per year.
Upcoming Dividend • Jun 07Upcoming dividend of RON0.29 per share at 2.3% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Romanian dividend payers (8.0%). Higher than average of industry peers (1.6%).
分析記事 • May 16IAR (BVB:IARV) Could Be Struggling To Allocate CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to RON11.70, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 25x in the Aerospace & Defense industry in Europe. Total loss to shareholders of 4.5% over the past three years.
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: RON0.78 (vs RON1.29 in FY 2021)Full year 2022 results: EPS: RON0.78 (down from RON1.29 in FY 2021). Revenue: RON315.8m (down 4.1% from FY 2021). Net income: RON14.2m (down 40% from FY 2021). Profit margin: 4.5% (down from 7.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: RON28.3m (down 59% from 3Q 2021). Net loss: RON2.99m (down 165% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Mihai Dontu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Nov 10High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Mihai Dontu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Upcoming Dividend • Jun 20Upcoming dividend of RON0.30 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 15 July 2022. Trailing yield: 3.0%. Lower than top quartile of Romanian dividend payers (7.1%). Higher than average of industry peers (1.8%).
Reported Earnings • May 20First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: RON96.6m (flat on 1Q 2021). Net income: RON1.84m (down 87% from 1Q 2021). Profit margin: 1.9% (down from 15% in 1Q 2021).
Reported Earnings • Mar 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: RON1.24 (down from RON1.86 in FY 2020). Revenue: RON333.0m (up 30% from FY 2020). Net income: RON22.7m (down 33% from FY 2020). Profit margin: 6.8% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
分析記事 • Feb 25IAR (BVB:IARV) Is Experiencing Growth In Returns On 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 • Nov 19Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON71.8m (up 30% from 3Q 2020). Net income: RON4.60m (up RON5.00m from 3Q 2020). Profit margin: 6.4% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue.
Upcoming Dividend • Jun 17Upcoming dividend of RON0.42 per shareEligible shareholders must have bought the stock before 24 June 2021. Payment date: 15 July 2021. Trailing yield: 8.0%. Within top quartile of Romanian dividend payers (5.8%). Higher than average of industry peers (1.5%).
分析記事 • May 08Estimating The Intrinsic Value Of IAR S.A. (BVB:IARV)In this article we are going to estimate the intrinsic value of IAR S.A. ( BVB:IARV ) by taking the expected future...
分析記事 • Apr 18Should You Or Shouldn't You: A Dividend Analysis on IAR S.A. (BVB:IARV)Is IAR S.A. ( BVB:IARV ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...
分析記事 • Mar 30IAR (BVB:IARV) Might Have The Makings Of A Multi-BaggerTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Mar 10Is IAR S.A.'s (BVB:IARV) Recent Performance Tethered To Its Attractive Financial Prospects?IAR's (BVB:IARV) stock up by 5.5% over the past three months. Since the market usually pay for a company’s long-term...
分析記事 • Feb 16We Wouldn't Rely On IAR's (BVB:IARV) Statutory Earnings As A GuideIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
分析記事 • Feb 01Estimating The Intrinsic Value Of IAR S.A. (BVB:IARV)Today we will run through one way of estimating the intrinsic value of IAR S.A. ( BVB:IARV ) by estimating the...
Is New 90 Day High Low • Dec 28New 90-day low: RON11.50The company is down 16% from its price of RON13.70 on 29 September 2020. The Romanian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 32% over the same period.
分析記事 • Dec 27We're Watching These Trends At IAR (BVB:IARV)To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
分析記事 • Dec 10Something To Consider Before Buying IAR S.A. (BVB:IARV) For The 8.4% DividendCould IAR S.A. ( BVB:IARV ) be an attractive dividend share to own for the long haul? Investors are often drawn to...
Is New 90 Day High Low • Dec 07New 90-day low: RON12.00The company is down 15% from its price of RON14.05 on 08 September 2020. The Romanian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 22% over the same period.
分析記事 • Nov 22Will Weakness in IAR S.A.'s (BVB:IARV) Stock Prove Temporary Given Strong Fundamentals?With its stock down 10% over the past three months, it is easy to disregard IAR (BVB:IARV). However, stock prices are...
Is New 90 Day High Low • Oct 15New 90-day low: RON12.90The company is down 9.0% from its price of RON14.20 on 17 July 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 6.0% over the same period.
Is New 90 Day High Low • Sep 22New 90-day low: RON13.55The company is down 10.0% from its price of RON15.00 on 24 June 2020. The Romanian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 1.0% over the same period.