2634 Stock Overview
Aerospace Industrial Development Corporation engages in the development, manufacturing, integration, assembly, and testing and verification of aircraft systems and parts in Taiwan and internationally.
Aerospace Industrial Development Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$32.35|
|52 Week High||NT$39.50|
|52 Week Low||NT$27.20|
|1 Month Change||-5.13%|
|3 Month Change||10.22%|
|1 Year Change||11.55%|
|3 Year Change||-5.13%|
|5 Year Change||-6.16%|
|Change since IPO||11.82%|
Recent News & Updates
|2634||TW Aerospace & Defense||TW Market|
Return vs Industry: 2634 exceeded the TW Aerospace & Defense industry which returned 8.9% over the past year.
Return vs Market: 2634 exceeded the TW Market which returned -13.8% over the past year.
|2634 Average Weekly Movement||6.4%|
|Aerospace & Defense Industry Average Movement||6.2%|
|Market Average Movement||4.7%|
|10% most volatile stocks in TW Market||8.2%|
|10% least volatile stocks in TW Market||2.3%|
Stable Share Price: 2634 is more volatile than 75% of TW stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2634's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of TW stocks.
About the Company
Aerospace Industrial Development Corporation engages in the development, manufacturing, integration, assembly, and testing and verification of aircraft systems and parts in Taiwan and internationally. The company provides military aircrafts and helicopters, commercial aviation, and aero/industrial engines. It engages in the manufacturing maintenance and upgradation of military aircrafts, commercial maintenance of air fleets, and production of military hardware, as well as military aircraft engines.
Aerospace Industrial Development Fundamentals Summary
|2634 fundamental statistics|
Is 2634 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2634 income statement (TTM)|
|Cost of Revenue||NT$22.67b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.09|
|Net Profit Margin||4.13%|
How did 2634 perform over the long term?See historical performance and comparison
1.1%Current Dividend Yield
Does 2634 pay a reliable dividends?See 2634 dividend history and benchmarks
|Aerospace Industrial Development dividend dates|
|Ex Dividend Date||Jul 12 2022|
|Dividend Pay Date||Aug 04 2022|
|Days until Ex dividend||11 days|
|Days until Dividend pay date||34 days|
Does 2634 pay a reliable dividends?See 2634 dividend history and benchmarks
Is 2634 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2634?
Other financial metrics that can be useful for relative valuation.
|What is 2634's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2634's PE Ratio compare to its peers?
|2634 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
2645 Evergreen Aviation Technologies
4572 Drewloong Precision
2630 Air Asia
4541 Magnate Technology
2634 Aerospace Industrial Development
Price-To-Earnings vs Peers: 2634 is good value based on its Price-To-Earnings Ratio (29.7x) compared to the peer average (45.7x).
Price to Earnings Ratio vs Industry
How does 2634's PE Ratio compare vs other companies in the Asian Aerospace & Defense Industry?
Price-To-Earnings vs Industry: 2634 is good value based on its Price-To-Earnings Ratio (29.7x) compared to the TW Aerospace & Defense industry average (37x)
Price to Earnings Ratio vs Fair Ratio
What is 2634'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.
|Current PE Ratio||29.7x|
|Fair PE Ratio||39.4x|
Price-To-Earnings vs Fair Ratio: 2634 is good value based on its Price-To-Earnings Ratio (29.7x) compared to the estimated Fair Price-To-Earnings Ratio (39.4x).
Share Price vs Fair Value
What is the Fair Price of 2634 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2634 (NT$32.35) is trading above our estimate of fair value (NT$27.21)
Significantly Below Fair Value: 2634 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: 2634 is good value based on its PEG Ratio (0.5x)
Discover undervalued companies
How is Aerospace Industrial Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2634's forecast earnings growth (56.5% per year) is above the savings rate (0.7%).
Earnings vs Market: 2634's earnings (56.5% per year) are forecast to grow faster than the TW market (7.4% per year).
High Growth Earnings: 2634's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2634's revenue (23.7% per year) is forecast to grow faster than the TW market (7.7% per year).
High Growth Revenue: 2634's revenue (23.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 2634's Return on Equity is forecast to be high in 3 years time
Discover growth companies
How has Aerospace Industrial Development performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2634 has high quality earnings.
Growing Profit Margin: 2634's current net profit margins (4.1%) are higher than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: 2634's earnings have declined by 24.5% per year over the past 5 years.
Accelerating Growth: 2634's earnings growth over the past year (1220.4%) exceeds its 5-year average (-24.5% per year).
Earnings vs Industry: 2634 earnings growth over the past year (1220.4%) exceeded the Aerospace & Defense industry 14.7%.
Return on Equity
High ROE: 2634's Return on Equity (7%) is considered low.
Discover strong past performing companies
How is Aerospace Industrial Development's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2634's short term assets (NT$25.8B) exceed its short term liabilities (NT$15.0B).
Long Term Liabilities: 2634's short term assets (NT$25.8B) exceed its long term liabilities (NT$10.1B).
Debt to Equity History and Analysis
Debt Level: 2634's net debt to equity ratio (104.7%) is considered high.
Reducing Debt: 2634's debt to equity ratio has increased from 97.4% to 117.3% over the past 5 years.
Debt Coverage: 2634's debt is well covered by operating cash flow (31.7%).
Interest Coverage: 2634's interest payments on its debt are well covered by EBIT (6.4x coverage).
Discover healthy companies
What is Aerospace Industrial Development current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2634's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.57%).
High Dividend: 2634's dividend (1.08%) is low compared to the top 25% of dividend payers in the TW market (6.35%).
Stability and Growth of Payments
Stable Dividend: 2634 is not paying a notable dividend for the TW market, therefore no need to check if payments are stable.
Growing Dividend: 2634 is not paying a notable dividend for the TW market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: 2634 is not paying a notable dividend for the TW market.
Cash Payout to Shareholders
Cash Flow Coverage: 2634 is not paying a notable dividend for the TW market.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Wan-June Ma serves as Executive Director and President at Aerospace Industrial Development Corporation since March 18, 2019.
Experienced Management: 2634's management team is considered experienced (3.8 years average tenure).
Experienced Board: 2634's board of directors are considered experienced (3.3 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.
Aerospace Industrial Development Corporation's employee growth, exchange listings and data sources
- Name: Aerospace Industrial Development Corporation
- Ticker: 2634
- Exchange: TWSE
- Founded: 1969
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: NT$30.469b
- Shares outstanding: 941.87m
- Website: https://www.aidc.com.tw
Number of Employees
- Aerospace Industrial Development Corporation
- No. 1, Hanxiang Road
- Xitun District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/30 00:00|
|End of Day Share Price||2022/06/30 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.