Orbital Corporation Limited engages in the design, manufacture, and sale of unmanned aerial vehicle (UAV) propulsion systems and flight critical components in Australia and the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.65|
|52 Week High||AU$0.58|
|52 Week Low||AU$1.35|
|1 Month Change||-4.41%|
|3 Month Change||-24.86%|
|1 Year Change||-46.72%|
|3 Year Change||8.33%|
|5 Year Change||-27.78%|
|Change since IPO||-98.45%|
Recent News & Updates
Estimating The Fair Value Of Orbital Corporation Limited (ASX:OEC)
Does the July share price for Orbital Corporation Limited ( ASX:OEC ) reflect what it's really worth? Today, we will...
|OEC||AU Aerospace & Defense||AU Market|
Return vs Industry: OEC underperformed the Australian Aerospace & Defense industry which returned -37.2% over the past year.
Return vs Market: OEC underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: OEC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: OEC's weekly volatility (11%) has been stable over the past year.
About the Company
Orbital Corporation Limited engages in the design, manufacture, and sale of unmanned aerial vehicle (UAV) propulsion systems and flight critical components in Australia and the United States. It also focuses on the manufacture, assembly, and delivery of engines and propulsion systems for UAVs. The company was formerly known as Orbital Engine Corporation Limited and changed its name to Orbital Corporation Limited in October 2004.
Orbital Fundamentals Summary
|OEC fundamental statistics|
Is OEC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OEC income statement (TTM)|
|Cost of Revenue||AU$15.98m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.15|
|Net Profit Margin||-36.69%|
How did OEC perform over the long term?See historical performance and comparison
Is Orbital undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OEC (A$0.65) is trading below our estimate of fair value (A$7.33)
Significantly Below Fair Value: OEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OEC is unprofitable, so we can't compare its PE Ratio to the Global Aerospace & Defense industry average.
PE vs Market: OEC is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OEC is overvalued based on its PB Ratio (6.9x) compared to the AU Aerospace & Defense industry average (1.7x).
How is Orbital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OEC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: OEC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OEC's is expected to become profitable in the next 3 years.
Revenue vs Market: OEC's revenue (27.4% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: OEC's revenue (27.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OEC's Return on Equity is forecast to be high in 3 years time (29.2%)
How has Orbital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OEC is currently unprofitable.
Growing Profit Margin: OEC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OEC is unprofitable, and losses have increased over the past 5 years at a rate of 23.8% per year.
Accelerating Growth: Unable to compare OEC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OEC is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (22.9%).
Return on Equity
High ROE: OEC has a negative Return on Equity (-155.88%), as it is currently unprofitable.
How is Orbital's financial position?
Financial Position Analysis
Short Term Liabilities: OEC's short term assets (A$21.1M) do not cover its short term liabilities (A$21.5M).
Long Term Liabilities: OEC's short term assets (A$21.1M) exceed its long term liabilities (A$919.0K).
Debt to Equity History and Analysis
Debt Level: OEC's debt to equity ratio (136%) is considered high.
Reducing Debt: OEC's debt to equity ratio has increased from 26.3% to 136% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OEC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if OEC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Orbital current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OEC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OEC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OEC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OEC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Todd Mathew Alder, BEc (Acc), CPA ACIS has been the Chief Executive Officer and Managing Director at Orbital Corporation Limited since August 11, 2017. Mr. Alder served as the Chief Financial Officer a...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD360.27K) is about average for companies of similar size in the Australian market ($USD302.45K).
Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.
Experienced Management: OEC's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: OEC's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Orbital Corporation Limited's employee growth, exchange listings and data sources
- Name: Orbital Corporation Limited
- Ticker: OEC
- Exchange: ASX
- Founded: 1988
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: AU$50.634m
- Shares outstanding: 77.90m
- Website: https://orbitaluav.com
Number of Employees
- Orbital Corporation Limited
- 4 Whipple Street
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 07:04|
|End of Day Share Price||2021/10/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.