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Market Cap

€8.1b

Last Updated

2021/05/07 18:26 UTC

Data Sources

Company Financials +

Executive Summary

Dassault Aviation SA engages in the aeronautical business in France, and internationally. More Details


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.


Similar Companies

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.


Market Performance


7 Day Return

6.7%

AM

-0.009%

FR Aerospace & Defense

1.1%

FR Market


1 Year Return

33.8%

AM

57.9%

FR Aerospace & Defense

42.2%

FR Market

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.


Shareholder returns

AMIndustryMarket
7 Day6.7%-0.009%1.1%
30 Day-0.8%0.3%4.3%
90 Day7.7%8.3%12.0%
1 Year33.8%33.8%58.0%57.9%45.5%42.2%
3 Year-41.6%-43.1%0.8%-1.6%28.5%18.2%
5 Year0.004%-4.6%75.7%65.8%86.4%59.8%

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

Valuation

Is Dassault Aviation undervalued compared to its fair value and its price relative to the market?

26.54x

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.


Future Growth

How is Dassault Aviation forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

14.1%

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%).


Past Performance

How has Dassault Aviation performed over the past 5 years?

7.7%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Dassault Aviation current dividend yield, its reliability and sustainability?

1.27%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 08 2021Ex Dividend DateMay 18 2021Dividend Pay DateMay 20 20212 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

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).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Eric Trappier (60 yo)

8.33yrs

Tenure

€2,889,975

Compensation

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.


Leadership Team

Experienced Management: AM's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: AM's board of directors are considered experienced (7 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

Dassault Aviation SA's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Dassault Aviation SA
  • 9, Rond-Point des Champs-Elysées
  • Marcel Dassault
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 18:26
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.