Dassault Aviation SA engages in the aeronautical business in France, and internationally. More Details
Excellent balance sheet second-rate dividend payer.
Share Price & News
How has Dassault Aviation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AM is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AM's weekly volatility (3%) has been stable over the past year.
7 Day Return
FR Aerospace & Defense
1 Year Return
FR Aerospace & Defense
Return vs Industry: AM underperformed the French Aerospace & Defense industry which returned 56.7% over the past year.
Return vs Market: AM underperformed the French Market which returned 42.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Dassault Aviation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StShareholders May Be Wary Of Increasing Dassault Aviation SA's (EPA:AM) CEO Compensation Package
1 week ago | Simply Wall StDassault Aviation SA's (EPA:AM) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
3 weeks ago | Simply Wall StIs Now An Opportune Moment To Examine Dassault Aviation SA (EPA:AM)?
Is Dassault Aviation undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AM (€966.5) is trading above our estimate of fair value (€837.39)
Significantly Below Fair Value: AM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AM is good value based on its PE Ratio (26.5x) compared to the XE Aerospace & Defense industry average (26.7x).
PE vs Market: AM is poor value based on its PE Ratio (26.5x) compared to the French market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: AM is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: AM's PB Ratio (1.8x) is in line with the FR Aerospace & Defense industry average.
How is Dassault Aviation forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AM's forecast earnings growth (14.1% per year) is above the savings rate (0.4%).
Earnings vs Market: AM's earnings (14.1% per year) are forecast to grow slower than the French market (20.4% per year).
High Growth Earnings: AM's earnings are forecast to grow, but not significantly.
Revenue vs Market: AM's revenue is expected to decline over the next 3 years (-1.4% per year).
High Growth Revenue: AM's revenue is forecast to decline over the next 3 years (-1.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AM's Return on Equity is forecast to be low in 3 years time (10.9%).
How has Dassault Aviation performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AM has high quality earnings.
Growing Profit Margin: AM's current net profit margins (5.5%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: AM's earnings have grown by 7.7% per year over the past 5 years.
Accelerating Growth: AM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AM had negative earnings growth (-57.4%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-37%).
Return on Equity
High ROE: AM's Return on Equity (6.6%) is considered low.
How is Dassault Aviation's financial position?
Financial Position Analysis
Short Term Liabilities: AM's short term assets (€10.2B) exceed its short term liabilities (€8.9B).
Long Term Liabilities: AM's short term assets (€10.2B) exceed its long term liabilities (€226.4M).
Debt to Equity History and Analysis
Debt Level: AM's debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: AM's debt to equity ratio has reduced from 32.3% to 2.7% over the past 5 years.
Debt Coverage: AM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AM's interest payments on its debt are well covered by EBIT (9.1x coverage).
What is Dassault Aviation current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AM's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.29%).
High Dividend: AM's dividend (1.27%) is low compared to the top 25% of dividend payers in the French market (4.03%).
Stability and Growth of Payments
Stable Dividend: AM's dividend payments have been volatile in the past 10 years.
Growing Dividend: AM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.8%), AM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AM's dividends in 3 years are forecast to be well covered by earnings (27.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Trappier (60 yo)
Mr. Eric Trappier has been the Chairman of the Board and Chief Executive Officer at Dassault Aviation SA since January 9, 2013. Mr. Trappier served as Executive Vice President of International at Dassault ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD3.48M) is about average for companies of similar size in the French market ($USD3.82M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Experienced Management: AM's management team is considered experienced (4.3 years average tenure).
Experienced Board: AM's board of directors are considered experienced (7 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dassault Aviation SA's company bio, employee growth, exchange listings and data sources
- Name: Dassault Aviation SA
- Ticker: AM
- Exchange: ENXTPA
- Founded: 1916
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: €8.074b
- Shares outstanding: 8.32m
- Website: https://www.dassault-aviation.com
Number of Employees
- Dassault Aviation SA
- 9, Rond-Point des Champs-Elysées
- Marcel Dassault
Dassault Aviation SA engages in the aeronautical business in France, and internationally. The company designs and builds military aircraft, business jets, and space systems. It offers Rafale, a twin-jet fi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/07 18:26|
|End of Day Share Price||2021/05/07 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.