NasdaqGS:ATRO

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Executive Summary

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defence, and electronic industries in the United States, North America, Asia, Europe, South America, and internationally. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Astronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ATRO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.8%

ATRO

-1.1%

US Aerospace & Defense

-0.4%

US Market


1 Year Return

-75.0%

ATRO

-28.1%

US Aerospace & Defense

18.3%

US Market

Return vs Industry: ATRO underperformed the US Aerospace & Defense industry which returned -29.6% over the past year.

Return vs Market: ATRO underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

ATROIndustryMarket
7 Day-2.8%-1.1%-0.4%
30 Day-4.8%2.5%8.0%
90 Day-16.6%-0.3%9.4%
1 Year-75.0%-75.0%-13.0%-28.1%21.0%18.3%
3 Year-75.9%-75.9%4.2%-16.6%42.1%32.7%
5 Year-73.7%-73.7%53.7%15.1%85.6%64.7%

Price Volatility Vs. Market

How volatile is Astronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATRO ($7.52) is trading below our estimate of fair value ($15.89)

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


Price To Earnings Ratio

PE vs Industry: ATRO is unprofitable, so we can't compare its PE Ratio to the US Aerospace & Defense industry average.

PE vs Market: ATRO 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 ATRO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ATRO is good value based on its PB Ratio (0.8x) compared to the US Aerospace & Defense industry average (2.3x).


Next Steps

Future Growth

How is Astronics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

117.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATRO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: ATRO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ATRO's is expected to become profitable in the next 3 years.

Revenue vs Market: ATRO's revenue is expected to decline over the next 3 years (-1.9% per year).

High Growth Revenue: ATRO's revenue is forecast to decline over the next 3 years (-1.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATRO's Return on Equity is forecast to be low in 3 years time (1.3%).


Next Steps

Past Performance

How has Astronics performed over the past 5 years?

-23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATRO is currently unprofitable.

Growing Profit Margin: ATRO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATRO is unprofitable, and losses have increased over the past 5 years at a rate of 23.4% per year.

Accelerating Growth: Unable to compare ATRO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ATRO is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (1.6%).


Return on Equity

High ROE: ATRO has a negative Return on Equity (-42.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is Astronics's financial position?


Financial Position Analysis

Short Term Liabilities: ATRO's short term assets ($326.6M) exceed its short term liabilities ($112.5M).

Long Term Liabilities: ATRO's short term assets ($326.6M) exceed its long term liabilities ($253.7M).


Debt to Equity History and Analysis

Debt Level: ATRO's debt to equity ratio (59.3%) is considered high.

Reducing Debt: ATRO's debt to equity ratio has reduced from 90.3% to 59.3% over the past 5 years.

Debt Coverage: ATRO's debt is well covered by operating cash flow (43.4%).

Interest Coverage: ATRO is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Astronics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ATRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ATRO'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 ATRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATRO'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 ATRO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

10.8yrs

Average management tenure


CEO

Peter Gundermann (57 yo)

17.58yrs

Tenure

US$3,761,360

Compensation

Mr. Peter J. Gundermann has been the Chief Executive Officer and President of Astronics Corporation since March 18, 2003 and has been its Chairman since June 11, 2019. He served as President of Luminescent ...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD3.76M) is above average for companies of similar size in the US market ($USD1.26M).

Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Gundermann
Chairman17.58yrsUS$3.76m2.23%
$ 5.1m
David Burney
Executive VP of Finance & CFO17.58yrsUS$1.78m0.73%
$ 1.7m
James Kramer
Executive Vice President10.75yrsUS$1.53m1.45%
$ 3.3m
Mark Peabody
Executive Vice President10.75yrsUS$1.80m0.67%
$ 1.5m
James Mulato
Executive Vice President1.75yrsUS$1.09m0.020%
$ 45.1k
Michael Kuehn
Executive Vice President3.75yrsUS$882.32k0%
$ 0
Nancy Hedges
Corporate Controller & Principal Accounting Officerno datano data0.0089%
$ 20.6k
Julie Davis
Secretaryno datano datano data

10.8yrs

Average Tenure

57yo

Average Age

Experienced Management: ATRO's management team is seasoned and experienced (10.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Gundermann
Chairman17.58yrsUS$3.76m2.23%
$ 5.1m
Robert Brady
Lead Independent Director0.67yrUS$150.01k0.72%
$ 1.7m
Robert Keane
Independent Director0.83yrno data1.62%
$ 3.7m
Warren Johnson
Independent Director4yrsUS$150.01k0.025%
$ 58.6k
Jeffry Frisby
Independent Director4yrsUS$150.01k0.039%
$ 89.3k
Raymond Boushie
Independent Director15.75yrsUS$150.01k0.065%
$ 149.7k
Mark Moran
Independent Director1.83yrsUS$150.01k0.025%
$ 58.6k
Neil Kim
Independent Director4yrsUS$150.01k0.025%
$ 58.6k
Tonit Calaway
Independent Director1.08yrsUS$17.50k0.018%
$ 42.0k

1.8yrs

Average Tenure

61yo

Average Age

Experienced Board: ATRO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Astronics Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Astronics Corporation
  • Ticker: ATRO
  • Exchange: NasdaqGS
  • Founded: 1968
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$230.511m
  • Shares outstanding: 30.76m
  • Website: https://www.astronics.com

Number of Employees


Location

  • Astronics Corporation
  • 130 Commerce Way
  • East Aurora
  • New York
  • 14052
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATRONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1972
AC1DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972
ATRO.BOTCPK (Pink Sheets LLC)Convertible Class B Common StockUSUSDDec 1990

Biography

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defence, and electronic industries in the United States, North America, Asia, Europe, South America, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 23:37
End of Day Share Price2020/10/23 00:00
Earnings2020/06/27
Annual Earnings2019/12/31


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.