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Avcorp Industries

TSX:AVP
Snowflake Description

Good value with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVP
TSX
CA$20M
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

Avcorp Industries Inc. designs and builds airframe structures for aircraft companies in the civil and defense markets in the United States, Canada, Asia, Europe, Australia, and internationally. The last earnings update was 42 days ago. More info.


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  • Avcorp Industries has significant price volatility in the past 3 months.
AVP Share Price and Events
7 Day Returns
0%
TSX:AVP
0.6%
CA Aerospace & Defense
0.7%
CA Market
1 Year Returns
-
TSX:AVP
24.1%
CA Aerospace & Defense
-1.2%
CA Market
AVP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avcorp Industries (AVP) 0% 10% -21.4% - -38.9% -42.1%
CA Aerospace & Defense 0.6% 2.5% 12.3% 24.1% 90.6% 120.7%
CA Market 0.7% 1.1% 0.9% -1.2% 14.1% 1.6%
1 Year Return vs Industry and Market
  • No trading data on AVP.
  • No trading data on AVP.
Price Volatility
AVP
Industry
5yr Volatility vs Market

Value

 Is Avcorp Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Avcorp Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Avcorp Industries.

TSX:AVP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:AVP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.88 (1 + (1- 26.5%) (504.71%))
3.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

Discounted Cash Flow Calculation for TSX:AVP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Avcorp Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:AVP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 13.87%)
2019 12.77 Est @ 45.28% 11.21
2020 16.89 Est @ 32.28% 13.02
2021 20.80 Est @ 23.18% 14.09
2022 24.30 Est @ 16.81% 14.45
2023 27.30 Est @ 12.35% 14.26
2024 29.82 Est @ 9.23% 13.68
2025 31.92 Est @ 7.04% 12.86
2026 33.68 Est @ 5.52% 11.92
2027 35.18 Est @ 4.44% 10.93
2028 36.48 Est @ 3.7% 9.95
Present value of next 10 years cash flows CA$126.38
TSX:AVP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$36.48 × (1 + 1.95%) ÷ (13.87% – 1.95%)
CA$311.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$311.96 ÷ (1 + 13.87%)10
CA$85.14
TSX:AVP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$126.38 + CA$85.14
CA$211.52
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$211.52 / 368.12
CA$0.57
TSX:AVP Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.57
Current discount Discount to share price of CA$0.06
= -1 x (CA$0.06 - CA$0.57) / CA$0.57
90.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Avcorp Industries is available for.
Intrinsic value
>50%
Share price is CA$0.055 vs Future cash flow value of CA$0.5746
Current Discount Checks
For Avcorp Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Avcorp Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Avcorp Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Avcorp Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avcorp Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AVP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.11
TSX:AVP Share Price ** TSX (2019-06-25) in CAD CA$0.06
North America Aerospace & Defense Industry PE Ratio Median Figure of 41 Publicly-Listed Aerospace & Defense Companies 23.53x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Avcorp Industries.

TSX:AVP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AVP Share Price ÷ EPS (both in CAD)

= 0.06 ÷ 0.11

0.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avcorp Industries is good value based on earnings compared to the North America Aerospace & Defense industry average.
  • Avcorp Industries is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Avcorp Industries's expected growth come at a high price?
Raw Data
TSX:AVP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Aerospace & Defense Industry PEG Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 2.04x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Avcorp Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Avcorp Industries's assets?
Raw Data
TSX:AVP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$-0.06
TSX:AVP Share Price * TSX (2019-06-25) in CAD CA$0.06
Canada Aerospace & Defense Industry PB Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 3.87x
Canada Market PB Ratio Median Figure of 2,426 Publicly-Listed Companies 1.45x
TSX:AVP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AVP Share Price ÷ Book Value per Share (both in CAD)

= 0.06 ÷ -0.06

-0.93x

* Primary Listing of Avcorp Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Avcorp Industries has negative assets, we can't compare the value of its assets to the CA Aerospace & Defense industry average.
X
Value checks
We assess Avcorp Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Avcorp Industries has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.3%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avcorp Industries expected to grow at an attractive rate?
  • Unable to compare Avcorp Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Avcorp Industries's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Avcorp Industries's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:AVP Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
North America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:AVP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AVP Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 170 11 40
2018-12-31 171 -16 20
2018-09-30 169 -27 6
2018-06-30 161 -32 -42
2018-03-31 154 -54 -54
2017-12-31 149 -43 -59
2017-09-30 158 -42 -26
2017-06-30 169 -48 -29
2017-03-31 182 -30 -23
2016-12-31 184 -50 -20
2016-09-30 160 -52 -31
2016-06-30 135 -37 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Avcorp Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Avcorp Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:AVP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Avcorp Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AVP Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.11
2018-12-31 0.06
2018-09-30 0.02
2018-06-30 -0.13
2018-03-31 -0.17
2017-12-31 -0.18
2017-09-30 -0.08
2017-06-30 -0.09
2017-03-31 -0.07
2016-12-31 -0.07
2016-09-30 -0.10
2016-06-30 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Avcorp Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Avcorp Industries is trading at Avcorp Industries'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Avcorp Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Avcorp Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Avcorp Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Avcorp Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Avcorp Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Avcorp Industries's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Avcorp Industries's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Avcorp Industries has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Avcorp Industries has become profitable in the last year making it difficult to compare the North America Aerospace & Defense industry average.
Earnings and Revenue History
Avcorp Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Avcorp Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AVP Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 169.66 39.58 23.38
2018-12-31 170.71 20.37 23.47
2018-09-30 169.35 6.20 23.72
2018-06-30 160.76 -42.48 21.05
2018-03-31 154.15 -54.03 21.16
2017-12-31 149.44 -58.54 21.58
2017-09-30 157.70 -26.30 23.53
2017-06-30 168.79 -29.14 25.20
2017-03-31 182.33 -22.81 22.13
2016-12-31 183.71 -19.96 24.43
2016-09-30 160.30 -30.93 20.59
2016-06-30 134.56 -21.70 19.39
2016-03-31 104.70 -16.65 20.33
2015-12-31 80.42 -12.15 15.45
2015-09-30 71.38 -9.84 15.48
2015-06-30 64.45 -10.02 12.99
2015-03-31 65.21 -9.47 12.57
2014-12-31 67.10 -7.95 12.37
2014-09-30 70.52 -6.43 11.61
2014-06-30 75.61 -5.34 11.85
2014-03-31 74.97 -3.15 12.06
2013-12-31 77.36 -1.80 11.68
2013-09-30 80.02 23.77 11.62
2013-06-30 79.58 22.18 12.52
2013-03-31 84.28 20.60 13.71
2012-12-31 89.34 20.64 14.52
2012-09-30 93.75 -2.27 14.32
2012-06-30 94.81 0.31 13.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Avcorp Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Avcorp Industries used its assets more efficiently than the North America Aerospace & Defense industry average last year based on Return on Assets.
  • It is difficult to establish if Avcorp Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Avcorp Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Avcorp Industries has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Avcorp Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Avcorp Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avcorp Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Avcorp Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Avcorp Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Avcorp Industries has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Avcorp Industries Company Filings, last reported 2 months ago.

TSX:AVP Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -21.76 79.93 2.41
2018-12-31 -36.14 93.73 2.05
2018-09-30 -26.18 88.96 2.92
2018-06-30 -69.73 86.10 6.87
2018-03-31 -67.45 77.75 2.31
2017-12-31 -57.41 64.45 5.21
2017-09-30 -30.54 54.41 7.51
2017-06-30 -26.48 36.25 3.35
2017-03-31 -16.11 27.32 4.22
2016-12-31 -6.88 25.04 3.96
2016-09-30 -18.23 11.26 5.34
2016-06-30 -1.89 3.15 5.05
2016-03-31 10.36 1.62 10.49
2015-12-31 6.78 1.89 14.48
2015-09-30 12.82 11.55 0.98
2015-06-30 13.97 7.76 0.83
2015-03-31 14.86 4.55 0.88
2014-12-31 17.38 0.76 3.16
2014-09-30 19.63 0.00 1.18
2014-06-30 21.86 0.00 3.03
2014-03-31 22.41 0.13 4.06
2013-12-31 23.59 0.13 7.01
2013-09-30 37.66 4.37 21.40
2013-06-30 38.60 11.02 2.81
2013-03-31 35.55 9.26 2.90
2012-12-31 35.23 7.11 2.60
2012-09-30 11.79 4.73 1.40
2012-06-30 11.76 13.23 6.38
  • Avcorp Industries has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Avcorp Industries's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Avcorp Industries's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Avcorp Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Avcorp Industries has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Avcorp Industries dividends.
If you bought CA$2,000 of Avcorp Industries shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Avcorp Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Avcorp Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:AVP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Avcorp Industries has not reported any payouts.
  • Unable to verify if Avcorp Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Avcorp Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Avcorp Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Avcorp Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Avcorp Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avcorp Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Avcorp Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Amandeep Kaler
COMPENSATION CA$468,751
TENURE AS CEO 1.2 years
CEO Bio

Mr. Amandeep Kaler has been Group Chief Executive Officer at Avcorp Industries Inc. since April 19, 2018 and serves as its Executive Officer. Mr. Kaler has been Chief Financial Officer at Avcorp Industries Inc. since June 2019. Mr. Kaler served as General Manager of ASI at AvCorp Industries Inc. from April 21, 2016 to April 2018. Mr. Kaler served as Senior Vice President of Supply Chain Management & Operations at AvCorp Industries Inc. since December 02, 2013 and served as its Vice President of Operations since September 1, 2008. He served as Vice President of Assembly at AvCorp. Industries Inc. from July 17, 2006 to September 1, 2008.

CEO Compensation
  • Amandeep's compensation has increased in line with Avcorp Industries recently becoming profitable.
  • Amandeep's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Avcorp Industries management team in years:

1.2
Average Tenure
  • The average tenure for the Avcorp Industries management team is less than 2 years, this suggests a new team.
Management Team

Amandeep Kaler

TITLE
Group CEO. CFO & Executive Officer
COMPENSATION
CA$469K
TENURE
1.2 yrs

Robin Lovell

TITLE
President of Comtek Advanced Structures Limited
COMPENSATION
CA$327K
TENURE
1 yrs

Jessica Gill

TITLE
Group Vice President of Human Resources
TENURE
1.4 yrs

Amish Patel

TITLE
Corporate Controller
Board of Directors Tenure

Average tenure of the Avcorp Industries board of directors in years:

10
Average Tenure
  • The tenure for the Avcorp Industries board of directors is about average.
Board of Directors

David Levi

TITLE
Chairman of the Board
COMPENSATION
CA$58K
TENURE
10 yrs

Jaap Jacobson

TITLE
Non-Independent Director
TENURE
9.9 yrs

Ken Robertson

TITLE
Director
COMPENSATION
CA$51K
TENURE
2 yrs

Elizabeth Otis

TITLE
Independent Director
COMPENSATION
CA$54K
TENURE
13.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Avcorp Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Avcorp Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could Avcorp Industries Inc.'s (TSE:AVP) Investor Composition Influence The Stock Price?

Generally speaking, as a company grows, institutions will increase their ownership. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … We can zoom in on the different ownership groups, to learn more about AVP

Simply Wall St -

Do Directors Own Avcorp Industries Inc (TSE:AVP) Shares?

Every investor in Avcorp Industries Inc (TSE:AVP) should be aware of the most powerful shareholder groups. … With a market capitalization of CA$15m, Avcorp Industries is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Avcorp Industries

Simply Wall St -

Should You Have Avcorp Industries Inc's (TSE:AVP) In Your Portfolio?

If you're interested in Avcorp Industries Inc (TSE:AVP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

Simply Wall St -

Why Avcorp Industries Inc's (TSE:AVP) Ownership Structure Is Important

I am going to take a deep dive into Avcorp Industries Inc’s (TSE:AVP) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine AVP's ownership structure in more detail.

Simply Wall St -

Will You Be Burnt By Avcorp Industries Inc's (TSE:AVP) Cash Burn?

Check out our latest analysis for Avcorp Industries What is cash burn? … My cash burn analysis suggests that, if Avcorp Industries continues to spend its cash reserves at this current high rate, it’ll have to raise capital within the next 4 months, which may be a surprise to some shareholders. … Even though this is analysis is fairly basic, and Avcorp Industries still can cut its overhead in the near future, or open a new line of credit instead of issuing new equity shares, the analysis still gives us an idea of the company’s timeline and when things will have to start changing, since its current operation is unsustainable.

Simply Wall St -

How Should You Think About Avcorp Industries Inc's (TSE:AVP) Risks?

With a beta of 1.5, Avcorp Industries is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … Therefore, this is a type of risk which is associated with higher beta. … I test AVP’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

Has Avcorp Industries Inc (TSE:AVP) Improved Earnings Growth In Recent Times?

Examining Avcorp Industries Inc's (TSX:AVP) past track record of performance is a valuable exercise for investors. … View our latest analysis for Avcorp Industries Did AVP's recent earnings growth beat the long-term trend and the industry? … Avcorp Industries's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Should You Be Concerned About Avcorp Industries Inc's (TSE:AVP) Shareholders?

Today, I will be analyzing Avcorp Industries Inc’s (TSX:AVP) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Avcorp Industries Inc's (TSE:AVP) Single Biggest Risk For Investors

Today I’ve examined Avcorp Industries’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … TSX:AVP Income Statement Mar 6th 18 When will Avcorp Industries need to raise more cash? … This means that, if Avcorp Industries continues to grow its opex at this rate, given how much money it currently has in the bank, it will actually need to raise capital again in within the next 4 months!

Simply Wall St -

How Does Avcorp Industries Inc (TSE:AVP) Affect Your Portfolio Returns?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Avcorp Industries has a beta of 1.5, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

Simply Wall St -

Company Info

Description

Avcorp Industries Inc. designs and builds airframe structures for aircraft companies in the civil and defense markets in the United States, Canada, Asia, Europe, Australia, and internationally. The company provides metallic and composite aero structures assembly and integration services; and aircraft structural component repair services, as well as designs and manufactures composite aero structures. 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. The company is based in Delta, Canada. Avcorp Industries Inc. is a subsidiary of Panta Canada B.V.

Details
Name: Avcorp Industries Inc.
AVP
Exchange: TSX
Founded:
CA$20,246,524
368,118,620
Website: http://www.avcorp.com
Address: Avcorp Industries Inc.
10025 River Way,
Delta,
British Columbia, V4G 1M7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AVP Common Shares The Toronto Stock Exchange CA CAD 15. Feb 1988
OTCPK AVPF.F Common Shares Pink Sheets LLC US USD 15. Feb 1988
DB DO9A Common Shares Deutsche Boerse AG DE EUR 15. Feb 1988
Number of employees
Current staff
Staff numbers
705
Avcorp Industries employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 23:33
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.