Arotech Corporation provides defense and security products worldwide.
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has Arotech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ARTX's share price has been volatile over the past 3 months.
7 Day Return
US Aerospace & Defense
1 Year Return
US Aerospace & Defense
Return vs Industry: ARTX underperformed the US Aerospace & Defense industry which returned 37.9% over the past year.
Return vs Market: ARTX underperformed the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is Arotech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StShould You Be Concerned About Arotech Corporation's (NASDAQ:ARTX) Historical Volatility?
5 months ago | Simply Wall StIntroducing Arotech (NASDAQ:ARTX), The Stock That Dropped 39% In The Last Five Years
5 months ago | Simply Wall StWhy Arotech Corporation’s (NASDAQ:ARTX) Return On Capital Employed Looks Uninspiring
Is Arotech 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: ARTX ($3) is trading below our estimate of fair value ($25.47)
Significantly Below Fair Value: ARTX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ARTX is unprofitable, so we can't compare its PE Ratio to the Aerospace & Defense industry average.
PE vs Market: ARTX is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ARTX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ARTX is good value based on its PB Ratio (1x) compared to the US Aerospace & Defense industry average (2.7x).
How is Arotech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ARTX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: ARTX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ARTX's is expected to become profitable in the next 3 years.
Revenue vs Market: ARTX's revenue (16% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: ARTX's revenue (16% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ARTX's Return on Equity is forecast to be high in 3 years time
How has Arotech performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ARTX is currently unprofitable.
Growing Profit Margin: ARTX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ARTX is unprofitable, but has reduced losses over the past 5 years at a rate of 21.6% per year.
Accelerating Growth: Unable to compare ARTX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ARTX is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (13.9%).
Return on Equity
High ROE: ARTX has a negative Return on Equity (-0.83%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Arotech's financial position?
Financial Position Analysis
Short Term Liabilities: ARTX's short term assets ($60.0M) exceed its short term liabilities ($35.6M).
Long Term Liabilities: ARTX's short term assets ($60.0M) exceed its long term liabilities ($19.4M).
Debt to Equity History and Analysis
Debt Level: ARTX's debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: ARTX's debt to equity ratio has reduced from 38.6% to 25.2% over the past 5 years.
Inventory Level: ARTX has a low level of unsold assets or inventory.
Debt Coverage by Assets: ARTX's debt is covered by short term assets (assets are 3.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ARTX has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: ARTX has been profitable on average in the past, therefore cash runway is not a concern.
What is Arotech's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ARTX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ARTX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ARTX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ARTX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ARTX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dean Krutty (54yo)
Mr. Dean M. Krutty has been President and Chief Executive Officer of Arotech Corporation since March 14, 2018 and served as its Acting Chief Executive Officer since January 3, 2017 until March 14, 2018. Mr ...
CEO Compensation Analysis
Compensation vs Market: Dean's total compensation ($USD639.05K) is about average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Dean's compensation has increased whilst the company is unprofitable.
|President & CEO||2.9yrs||US$639.05k||0.65% $516.1k|
|VP of Finance & CFO||1.7yrs||US$485.76k||0.076% $60.0k|
|Senior VP||19.2yrs||no data||no data|
|President of Training & Simulation Division||4.9yrs||no data||no data|
|President of UEC Electrnoics||3yrs||no data||no data|
Experienced Management: ARTX's management team is considered experienced (3 years average tenure).
|Chairman of the Board||3.6yrs||US$67.00k||1.17% $922.2k|
|Independent Director||3.8yrs||US$68.00k||0.24% $190.9k|
|Independent Director||4.6yrs||US$75.00k||0.52% $412.3k|
|Independent Director||3.6yrs||US$71.00k||0.16% $125.6k|
Experienced Board: ARTX's board of directors are considered experienced (3.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Arotech Corporation's company bio, employee growth, exchange listings and data sources
- Name: Arotech Corporation
- Ticker: ARTX
- Exchange: NasdaqGM
- Founded: 1990
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$79.001m
- Shares outstanding: 26.38m
- Website: https://www.arotech.com
Number of Employees
- Arotech Corporation
- 1229 Oak Valley Drive
- Ann Arbor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ARTX||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Feb 1994|
|EL5A||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 1994|
|0HHY||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Feb 1994|
Arotech Corporation provides defense and security products worldwide. The company’s Training and Simulation division develops, manufactures, and markets multimedia and interactive digital solutions for engineering, use-of-force training, and operator training of military, law enforcement, security, emergency services, and other personnel. This division offers simulators, systems engineering support, and software products for training vehicle operators to the United States military, government, municipalities, and private industry; weapon simulations used to train military pilots, weapon employment information used in air launched weapons, and part-task simulators to train aircrew; specialized use-of-force training simulators and systems for police, security personnel, and the military under the MILO Range trade name; and consulting and development support services under the Realtime Technologies trade name. Its Power Systems division provides electronics engineering and design, system integration, rapid prototyping, and vertically production services for military, aerospace, and industrial customers, including hybrid power generation systems, smart power subsystems for military vehicles and dismounted applications, and aircraft and missile systems support for weapons and communications technologies. This division also develops and sells rechargeable and primary batteries, and smart chargers to the military and medical markets, and to private defense industry under the Epsilor name. In addition, it develops, manufactures, and markets primary batteries, rechargeable batteries, and battery chargers for the military; and produces water-activated lifejacket lights for commercial aviation and marine applications under the Electric Fuel name. The company was formerly known as Electric Fuel Corporation and changed its name to Arotech Corporation in September 2003. The company was incorporated in 1990 and is based in Ann Arbor, Michigan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/12/19 23:36|
|End of Day Share Price||2019/12/18 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.