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AVP

Avcorp Industries TSX:AVP Stock Report

Last Price

CA$0.10

Market Cap

CA$38.9m

7D

0%

1Y

-4.5%

Updated

05 Jul, 2022

Data

Company Financials
AVP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

AVP Stock Overview

Avcorp Industries Inc. engages in the production and supply of airframe structures and aircraft parts to aircraft manufacturers in Canada, the United States, Europe, Asia, Australia, and internationally.

Avcorp Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Avcorp Industries
Historical stock prices
Current Share PriceCA$0.10
52 Week HighCA$0.12
52 Week LowCA$0.06
Beta2.01
1 Month Change-4.55%
3 Month Change5.00%
1 Year Change-4.55%
3 Year Change90.91%
5 Year Change90.91%
Change since IPO-98.86%

Recent News & Updates

Shareholder Returns

AVPCA Aerospace & DefenseCA Market
7D0%-0.3%-2.3%
1Y-4.5%-24.8%-5.3%

Return vs Industry: AVP exceeded the Canadian Aerospace & Defense industry which returned -25.7% over the past year.

Return vs Market: AVP matched the Canadian Market which returned -4.5% over the past year.

Price Volatility

Is AVP's price volatile compared to industry and market?
AVP volatility
AVP Average Weekly Movement9.0%
Aerospace & Defense Industry Average Movement9.1%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: AVP is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: AVP's weekly volatility has decreased from 15% to 9% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991492Amandeep Kalerhttps://www.avcorp.com

Avcorp Industries Inc. engages in the production and supply of airframe structures and aircraft parts to aircraft manufacturers in Canada, the United States, Europe, Asia, Australia, and internationally. It is also involved in the provision of metallic and composite aerostructures assembly and integration services; and aircraft structural component repair services, as well as designs, manufactures, and fabricates composite aerostructures, as well as aircraft product design and production tooling. It also offers horizontal and vertical stabilizers, fuel tanks, rotorcraft nose enclosures, wing assemblies, wheel well fairings, overwing exit doors, rocket nozzles, and fairings; composite wing skins, flap track fairings, floor beams, floor panels, access panels, engine components, nacelle straps, and stringers; and repair services for engine cowls, inlets, nozzles, leading edges, control surfaces, access panels, radomes, air stairs, and ducts.

Avcorp Industries Fundamentals Summary

How do Avcorp Industries's earnings and revenue compare to its market cap?
AVP fundamental statistics
Market CapCA$38.95m
Earnings (TTM)-CA$19.12m
Revenue (TTM)CA$103.40m

0.4x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVP income statement (TTM)
RevenueCA$103.40m
Cost of RevenueCA$99.33m
Gross ProfitCA$4.07m
Other ExpensesCA$23.19m
Earnings-CA$19.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.052
Gross Margin3.93%
Net Profit Margin-18.49%
Debt/Equity Ratio-187.0%

How did AVP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AVP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AVP?

Other financial metrics that can be useful for relative valuation.

AVP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA-22.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does AVP's PS Ratio compare to its peers?

AVP PS Ratio vs Peers
The above table shows the PS ratio for AVP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average317.3x
DPRO Draganfly
5.2xn/aCA$39.2m
FLY FLYHT Aerospace Solutions
1.8x44.8%CA$25.0m
KWE KWESST Micro Systems
12.4x162.5%CA$10.7m
SNA Star Navigation Systems Group
1000xn/aCA$16.2m
AVP Avcorp Industries
0.4xn/aCA$38.9m

Price-To-Sales vs Peers: AVP is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (317.3x).


Price to Earnings Ratio vs Industry

How does AVP's PE Ratio compare vs other companies in the North American Aerospace & Defense Industry?

Price-To-Sales vs Industry: AVP is good value based on its Price-To-Sales Ratio (0.4x) compared to the Canadian Aerospace & Defense industry average (3x)


Price to Sales Ratio vs Fair Ratio

What is AVP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AVP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AVP's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of AVP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AVP (CA$0.11) is trading above our estimate of fair value (CA$0.02)

Significantly Below Fair Value: AVP is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AVP's PEG Ratio to determine if it is good value.


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Future Growth

How is Avcorp Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.3%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Avcorp Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Take a look at our analysis of AVP’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Avcorp Industries competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Avcorp Industries performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


28.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AVP is currently unprofitable.

Growing Profit Margin: AVP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AVP is unprofitable, but has reduced losses over the past 5 years at a rate of 28.4% per year.

Accelerating Growth: Unable to compare AVP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AVP is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (28.8%).


Return on Equity

High ROE: AVP's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Avcorp Industries's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AVP has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AVP has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AVP has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AVP's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: Whilst unprofitable AVP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: AVP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 48.2% per year.


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Dividend

What is Avcorp Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AVP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AVP'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 AVP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AVP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AVP has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Amandeep Kaler

4.25yrs

Tenure

CA$1,762,747

Compensation

Mr. Amandeep Kaler has been Group Chief Executive Officer of Avcorp Industries Inc. since April 19, 2018 and serves as its Director since June 15, 2020. Mr. Kaler served Chief Financial Officer of Avcorp I...


CEO Compensation Analysis

Compensation vs Market: Amandeep's total compensation ($USD1.35M) is above average for companies of similar size in the Canadian market ($USD191.58K).

Compensation vs Earnings: Amandeep's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: AVP's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: AVP's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Avcorp Industries Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Avcorp Industries Inc.
  • Ticker: AVP
  • Exchange: TSX
  • Founded: 1991
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: CA$38.948m
  • Shares outstanding: 370.93m
  • Website: https://www.avcorp.com

Number of Employees


Location

  • Avcorp Industries Inc.
  • 10025 River Way
  • Delta
  • British Columbia
  • V4G 1M7
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.