Dassault Aviation SA engages in the aeronautical business in France, the Americas, and internationally. More Details
Undervalued with excellent balance sheet.
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 not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: AM's weekly volatility (6%) 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 -26% over the past year.
Return vs Market: AM underperformed the French Market which returned -3.4% 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
2 weeks ago | Simply Wall StWhat Type Of Returns Would Dassault Aviation's(EPA:AM) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
4 weeks ago | Simply Wall StIs There Now An Opportunity In Dassault Aviation SA (EPA:AM)?
1 month ago | Simply Wall StCould The Market Be Wrong About Dassault Aviation SA (EPA:AM) Given Its Attractive Financial Prospects?
Is Dassault Aviation 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: AM (€930) is trading below our estimate of fair value (€10018.69)
Significantly Below Fair Value: AM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AM is good value based on its PE Ratio (15.7x) compared to the FR Aerospace & Defense industry average (24.8x).
PE vs Market: AM is good value based on its PE Ratio (15.7x) compared to the French market (21x).
Price to Earnings Growth Ratio
PEG Ratio: AM is good value based on its PEG Ratio (0.6x)
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 (26.3% per year) is above the savings rate (0.6%).
Earnings vs Market: AM's earnings (26.3% per year) are forecast to grow faster than the French market (25.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AM's revenue is expected to decline over the next 3 years (-3.1% per year).
High Growth Revenue: AM's revenue is forecast to decline over the next 3 years (-3.1% 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 (11.5%).
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 (7.1%) are lower than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: AM has become profitable over the past 5 years, growing earnings by 22.8% per year.
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 (-30%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-36%).
Return on Equity
High ROE: AM's Return on Equity (11.5%) is considered low.
How is Dassault Aviation's financial position?
Financial Position Analysis
Short Term Liabilities: AM's short term assets (€11.1B) exceed its short term liabilities (€9.9B).
Long Term Liabilities: AM's short term assets (€11.1B) exceed its long term liabilities (€251.7M).
Debt to Equity History and Analysis
Debt Level: AM's debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: AM's debt to equity ratio has reduced from 34.6% to 3.4% 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 (14.5x coverage).
What is Dassault Aviation current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AM'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 AM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AM is not paying a notable dividend for the French market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AM's dividend in 3 years as they are not forecast to pay a notable one for the French market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Éric 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: Éric's total compensation ($USD3.59M) is about average for companies of similar size in the French market ($USD3.58M).
Compensation vs Earnings: Éric's compensation has been consistent with company performance over the past year.
|Chairman & CEO||7.83yrs||€3.02m||0.032% |
|Chief Operating Officer||7.83yrs||€2.54m||0.028% |
|Chief Financial Officer||3.75yrs||no data||no data|
|Chief Information Officer & Chief Digital Officer||no data||no data||no data|
|Chief Communication Officer||no data||no data||no data|
|Vice President of Sales & Marketing||no data||no data||no data|
|Senior Vice President of Sales||no data||no data||no data|
|Director of Human Resources||1.33yrs||no data||no data|
|Senior Executive Vice President of Total Quality||3.75yrs||no data||no data|
|Senior Executive Vice President of Procurement & Purchasing||3.75yrs||no data||no data|
|Senior Executive Vice President of Military Customer Support||3.75yrs||no data||no data|
|Senior Vice President of Human Resources||1.33yrs||no data||no data|
Experienced Management: AM's management team is considered experienced (3.8 years average tenure).
|Chairman & CEO||7.83yrs||€3.02m||0.032% |
|Honorary Chairman||no data||€44.00k||0.00081% |
|Independent Director||12.58yrs||€50.00k||0.00032% |
|Independent Director||6.5yrs||€44.00k||0.00031% |
|Independent Director||3.67yrs||€38.00k||0.00030% |
|Employee Representative Director||6.33yrs||€38.00k||no data|
Experienced Board: AM's board of directors are considered experienced (6.5 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
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: €7.625b
- Shares outstanding: 8.32m
- Website: https://www.dassault-aviation.com
Number of Employees
- Dassault Aviation SA
- 9, Rond-point des Champs-ElysEes
- Marcel Dassault
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AM||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jan 1992|
|0IAX||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|DUAV.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|AMP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|DAU||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|AM N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||Jan 1992|
|DAAV||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jan 1992|
Dassault Aviation SA engages in the aeronautical business in France, the Americas, and internationally. The company designs and builds military aircraft, business jets, and space systems. It offers Rafale,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/25 21:19|
|End of Day Share Price||2020/11/24 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.