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ARS

Aerostar BVB:ARS Stock Report

Last Price

RON7.50

Market Cap

RON1.1b

7D

1.4%

1Y

7.1%

Updated

08 Aug, 2022

Data

Company Financials
ARS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

ARS Stock Overview

Aerostar S.A. engages in the manufacture, integration, upgrade, and maintenance of aviation and defense systems for the civil aviation industry in Romania and internationally.

Aerostar Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aerostar
Historical stock prices
Current Share PriceRON7.50
52 Week HighRON9.80
52 Week LowRON6.80
Beta0.85
1 Month Change-3.85%
3 Month Change-11.77%
1 Year Change7.14%
3 Year Change47.06%
5 Year Change108.33%
Change since IPO38,607.68%

Recent News & Updates

Mar 16
Aerostar (BVB:ARS) Could Be Struggling To Allocate Capital

Aerostar (BVB:ARS) Could Be Struggling To Allocate Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

ARSRO Aerospace & DefenseRO Market
7D1.4%0.05%0.4%
1Y7.1%5.5%9.5%

Return vs Industry: ARS exceeded the RO Aerospace & Defense industry which returned 5.5% over the past year.

Return vs Market: ARS underperformed the RO Market which returned 9.5% over the past year.

Price Volatility

Is ARS's price volatile compared to industry and market?
ARS volatility
ARS Average Weekly Movement5.7%
Aerospace & Defense Industry Average Movement5.1%
Market Average Movement3.8%
10% most volatile stocks in RO Market6.6%
10% least volatile stocks in RO Market2.7%

Stable Share Price: ARS is more volatile than 75% of RO stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ARS's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of RO stocks.

About the Company

FoundedEmployeesCEOWebsite
19531,673n/ahttps://www.aerostar.ro

Aerostar S.A. engages in the manufacture, integration, upgrade, and maintenance of aviation and defense systems for the civil aviation industry in Romania and internationally. It supplies aerostructures, sub-assemblies, and equipment for civil aviation; and manufactures landing gears and hydraulic systems. The company is also involved in MRO commercial aircraft; MRO and upgrades for military aircraft; and the production and integration of electronic, communication, and IFF systems on ground, naval, and airborne platforms.

Aerostar Fundamentals Summary

How do Aerostar's earnings and revenue compare to its market cap?
ARS fundamental statistics
Market CapRON1.14b
Earnings (TTM)RON60.74m
Revenue (TTM)RON390.07m

18.8x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ARS income statement (TTM)
RevenueRON390.07m
Cost of RevenueRON124.69m
Gross ProfitRON265.39m
Other ExpensesRON204.65m
EarningsRON60.74m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.40
Gross Margin68.04%
Net Profit Margin15.57%
Debt/Equity Ratio0%

How did ARS perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ARS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARS?

Other financial metrics that can be useful for relative valuation.

ARS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA9.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ARS's PE Ratio compare to its peers?

ARS PE Ratio vs Peers
The above table shows the PE ratio for ARS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.9x
IARV IAR
17.5xn/aRON182.4m
TBM Turbomecanica
9.5xn/aRON88.7m
PKE Park Aerospace
34.3xn/aUS$261.9m
CBC Carbochim
98.3xn/aRON215.7m
ARS Aerostar
18.8xn/aRON1.1b

Price-To-Earnings vs Peers: ARS is good value based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (39.9x).


Price to Earnings Ratio vs Industry

How does ARS's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

Price-To-Earnings vs Industry: ARS is good value based on its Price-To-Earnings Ratio (18.8x) compared to the European Aerospace & Defense industry average (23.9x)


Price to Earnings Ratio vs Fair Ratio

What is ARS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ARS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ARS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ARS (RON7.5) is trading below our estimate of fair value (RON12.65)

Significantly Below Fair Value: ARS is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.6%

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 Aerostar 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.


Discover growth companies

  • Examine whether Aerostar is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Aerostar performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-2.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ARS has high quality earnings.

Growing Profit Margin: ARS's current net profit margins (15.6%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: ARS's earnings have declined by 2% per year over the past 5 years.

Accelerating Growth: ARS's earnings growth over the past year (68.7%) exceeds its 5-year average (-2% per year).

Earnings vs Industry: ARS earnings growth over the past year (68.7%) exceeded the Aerospace & Defense industry 11.8%.


Return on Equity

High ROE: ARS's Return on Equity (13.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Aerostar's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ARS's short term assets (RON414.3M) exceed its short term liabilities (RON77.4M).

Long Term Liabilities: ARS's short term assets (RON414.3M) exceed its long term liabilities (RON128.1M).


Debt to Equity History and Analysis

Debt Level: ARS is debt free.

Reducing Debt: ARS had no debt 5 years ago.

Debt Coverage: ARS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ARS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Aerostar current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ARS's dividend (2%) isn’t notable compared to the bottom 25% of dividend payers in the RO market (2.9%).

High Dividend: ARS's dividend (2%) is low compared to the top 25% of dividend payers in the RO market (7.13%).


Stability and Growth of Payments

Stable Dividend: ARS's dividend payments have been volatile in the past 10 years.

Growing Dividend: ARS's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.6%), ARS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (24.6%), ARS's dividend payments are well covered by cash flows.


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Management

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

6.1yrs

Average board tenure


CEO

Aerostar has no CEO, or we have no data on them.


Board Members

Experienced Board: ARS's board of directors are considered experienced (6.1 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

Aerostar S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Aerostar S.A.
  • Ticker: ARS
  • Exchange: BVB
  • Founded: 1953
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: RON1.142b
  • Shares outstanding: 152.28m
  • Website: https://www.aerostar.ro

Number of Employees


Location

  • Aerostar S.A.
  • no. 9, Condorilor Street
  • Bacau
  • 600302
  • Romania

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.