TSX:AVP

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Executive Summary

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.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has Avcorp Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AVP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

AVP

10.8%

CA Aerospace & Defense

2.0%

CA Market


1 Year Return

-45.5%

AVP

-43.3%

CA Aerospace & Defense

-11.4%

CA Market

Return vs Industry: AVP underperformed the Canadian Aerospace & Defense industry which returned -43.3% over the past year.

Return vs Market: AVP underperformed the Canadian Market which returned -11.4% over the past year.


Shareholder returns

AVPIndustryMarket
7 Day0%10.8%2.0%
30 Day-25.0%-7.3%4.1%
90 Dayn/a-41.7%-8.8%
1 Year-45.5%-45.5%-42.5%-43.3%-8.3%-11.4%
3 Year-53.8%-53.8%-14.8%-18.5%-0.2%-9.5%
5 Year-57.1%-57.1%20.9%12.0%15.9%-0.7%

Price Volatility Vs. Market

How volatile is Avcorp Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Avcorp Industries undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Avcorp Industries is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Avcorp Industries has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • 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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Avcorp Industries regulatory filings.
  • Explore potentially undervalued companies in the Capital Goods industry.

Future Growth

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

12.9%

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.


Next Steps

Past Performance

How has Avcorp Industries performed over the past 5 years?

13.1%

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 13.1% 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 (0.1%).


Return on Equity

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


Next Steps

Financial Health

How is Avcorp Industries's financial position?


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: AVP has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AVP has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.6% each year


Next Steps

Dividend

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


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.


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 AVP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Amandeep Kaler

2.17yrs

Tenure

CA$781,795

Compensation

Mr. Amandeep Kaler has been Group Chief Executive Officer at Avcorp Industries Inc. since April 19, 2018 and served as its Executive Officer until June 2019. Mr. Kaler served Chief Financial Officer at Avc ...


CEO Compensation Analysis

Compensation vs Market: Amandeep's total compensation ($USD339.54K) is above average for companies of similar size in the Canadian market ($USD164.10K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Amandeep Kaler
Group Chief Executive Officer2.17yrsCA$781.80k0.20% CA$22.1k
Amish Patel
Director of Finance & Corporate Secretary0.83yrCA$437.79kno data
Jessica Gill
Group Vice President of Human Resources & IT2.42yrsCA$330.14kno data
Robin Lovell
President of Comtek Advanced Structures Limited2yrsCA$240.17kno data

2.1yrs

Average Tenure

Experienced Management: AVP's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Levi
Independent Chairman of the Board11yrsCA$45.00kno data
Jaap Jacobson
Non-Independent Director10.92yrsno data71.17% CA$7.9m
Elizabeth Otis
Independent Director14.08yrsCA$38.25k0.21% CA$23.2k
Ken Robertson
Independent Director3yrsCA$37.25kno data

11.0yrs

Average Tenure

Experienced Board: AVP's board of directors are seasoned and experienced ( 11 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Avcorp Industries Inc.
  • Ticker: AVP
  • Exchange: TSX
  • Founded:
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: CA$11.044m
  • Shares outstanding: 368.12m
  • Website: https://www.avcorp.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVPTSX (The Toronto Stock Exchange)YesCommon SharesCACADFeb 1988
AVPF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 1988
DO9ADB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 1988

Biography

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 aerostructures. 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 headquartered in Delta, Canada. Avcorp Industries Inc. is a subsidiary of Panta Canada B.V. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 02:07
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.