AeroVironment, Inc. designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses.
Flawless balance sheet with questionable track record.
Share Price & News
How has AeroVironment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AVAV'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: AVAV exceeded the US Aerospace & Defense industry which returned -27.4% over the past year.
Return vs Market: AVAV exceeded the US Market which returned 5% over the past year.
Price Volatility Vs. Market
How volatile is AeroVironment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIs AeroVironment, Inc.'s (NASDAQ:AVAV) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
1 month ago | Simply Wall StShould You Use AeroVironment's (NASDAQ:AVAV) Statutory Earnings To Analyse It?
1 month ago | Simply Wall StHow Much Did AeroVironment, Inc.'s (NASDAQ:AVAV) CEO Pocket Last Year?
Is AeroVironment 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: AVAV ($77.76) is trading below our estimate of fair value ($83.57)
Significantly Below Fair Value: AVAV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AVAV is poor value based on its PE Ratio (44.8x) compared to the Aerospace & Defense industry average (15.9x).
PE vs Market: AVAV is poor value based on its PE Ratio (44.8x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: AVAV is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: AVAV is overvalued based on its PB Ratio (3.6x) compared to the US Aerospace & Defense industry average (2.2x).
How is AeroVironment forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVAV's forecast earnings growth (13.7% per year) is above the savings rate (2.2%).
Earnings vs Market: AVAV's earnings (13.7% per year) are forecast to grow slower than the US market (22.8% per year).
High Growth Earnings: AVAV's earnings are forecast to grow, but not significantly.
Revenue vs Market: AVAV's revenue (11.2% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: AVAV's revenue (11.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVAV's Return on Equity is forecast to be low in 3 years time (8.5%).
How has AeroVironment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVAV has high quality earnings.
Growing Profit Margin: AVAV's current net profit margins (11.3%) are lower than last year (13.3%).
Past Earnings Growth Analysis
Earnings Trend: AVAV's earnings have grown significantly by 39.5% per year over the past 5 years.
Accelerating Growth: AVAV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AVAV had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (4.2%).
Return on Equity
High ROE: AVAV's Return on Equity (8.1%) is considered low.
How is AeroVironment's financial position?
Financial Position Analysis
Short Term Liabilities: AVAV's short term assets ($503.9M) exceed its short term liabilities ($67.0M).
Long Term Liabilities: AVAV's short term assets ($503.9M) exceed its long term liabilities ($8.1M).
Debt to Equity History and Analysis
Debt Level: AVAV is debt free.
Reducing Debt: AVAV has not had any debt for past 5 years.
Debt Coverage: AVAV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AVAV has no debt, therefore coverage of interest payments is not a concern.
What is AeroVironment current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AVAV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AVAV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AVAV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AVAV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AVAV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wahid Nawabi (51yo)
Mr. Wahid Nawabi has been the Chief Executive Officer and President of AeroVironment, Inc. since May 2, 2016 and January 16, 2016 respectively. Mr. Nawabi has served as the President of AeroVironment, Inc. ...
CEO Compensation Analysis
Compensation vs Market: Wahid's total compensation ($USD2.05M) is below average for companies of similar size in the US market ($USD4.71M).
Compensation vs Earnings: Wahid's compensation has been consistent with company performance over the past year.
|CEO, President & Director||4.17yrs||US$2.05m||0.29% $5.5m|
|Chief Operating Officer||1.58yrs||US$565.34k||0.057% $1.1m|
|VP, General Counsel & Corporate Secretary||5.25yrs||US$536.22k||0.035% $651.8k|
|Senior VP & CFO||0.42yr||no data||0.025% $459.2k|
|VP & Chief Technology Officer||no data||no data||no data|
|Chief Marketing Officer & VP of Investor Relations||no data||no data||no data|
|Vice President of Sales & Business Development||no data||no data||no data|
|Vice President of People & Culture||no data||no data||0.019% $350.3k|
Experienced Management: AVAV's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|CEO, President & Director||4.17yrs||US$2.05m||0.29% $5.5m|
|Lead Independent Director||1.67yrs||US$174.13k||0.13% $2.5m|
|Independent Director||5yrs||US$177.88k||0.081% $1.5m|
|Independent Director||7.5yrs||US$175.01k||0.12% $2.2m|
|Chairman of the Board||12.92yrs||US$218.65k||5.94% $110.3m|
|Independent Director||22.5yrs||US$165.01k||1.39% $25.7m|
|Independent Director||7.5yrs||US$163.51k||0.11% $2.1m|
|Independent Director||16.17yrs||US$203.01k||0.26% $4.9m|
Experienced Board: AVAV's board of directors are considered experienced (7.5 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.
AeroVironment, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: AeroVironment, Inc.
- Ticker: AVAV
- Exchange: NasdaqGS
- Founded: 1971
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$1.856b
- Shares outstanding: 23.86m
- Website: https://www.avinc.com
Number of Employees
- AeroVironment, Inc.
- 900 Innovators Way
- Simi Valley
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AVAV||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 2007|
|JPX||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 2007|
|0HAL||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 2007|
AeroVironment, Inc. designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company supplies unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S. Government. It also provides small UAS products, including spare equipment, alternative payload modules, batteries, chargers, repair services, and customer support, as well as multiple aircraft, hand-held ground control system, and spare parts and accessories. In addition, the company develops high altitude pseudo-satellite systems for a commercial customer based in Japan. The company was founded in 1971 and is headquartered in Simi Valley, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/06 23:58|
|End of Day Share Price||2020/07/06 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.