NasdaqGS:AVAV

Stock Analysis Report

Executive Summary

AeroVironment, Inc. designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

NasdaqGS:AVAV

2.8%

US Aerospace & Defense

-0.02%

US Market


1 Year Return

-43.5%

NasdaqGS:AVAV

6.2%

US Aerospace & Defense

1.6%

US Market

AVAV underperformed the Aerospace & Defense industry which returned 6.2% over the past year.

AVAV underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

AVAVIndustryMarket
7 Day-0.8%2.8%-0.02%
30 Day17.7%5.0%2.7%
90 Day-4.4%7.8%1.4%
1 Year-43.5%-43.5%8.2%6.2%3.8%1.6%
3 Year143.7%143.7%64.0%55.0%45.2%35.8%
5 Year101.4%101.4%102.6%83.4%61.8%44.1%

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

Valuation

Is AeroVironment undervalued based on future cash flows and its price relative to the stock market?

37.47x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

AeroVironment's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

AeroVironment's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

AeroVironment is overvalued based on earnings compared to the US Aerospace & Defense industry average.

AeroVironment is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

AeroVironment is poor value based on expected growth next year.


Price Based on Value of Assets

AeroVironment is overvalued based on assets compared to the US Aerospace & Defense industry average.


Next Steps

Future Growth

How is AeroVironment expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

14.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

AeroVironment's revenue is expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).

AeroVironment's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).

AeroVironment's revenue growth is expected to exceed the United States of America market average.

AeroVironment's earnings growth is expected to exceed the United States of America market average.

AeroVironment's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if AeroVironment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has AeroVironment performed over the past 5 years?

42.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AeroVironment has delivered over 20% year on year earnings growth in the past 5 years.

AeroVironment's 1-year earnings growth is negative, it can't be compared to the 5-year average.

AeroVironment's 1-year earnings growth is negative, it can't be compared to the US Aerospace & Defense industry average.


Return on Equity

AeroVironment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AeroVironment used its assets less efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.


Return on Capital Employed

AeroVironment has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is AeroVironment's financial position?


Financial Position Analysis

AeroVironment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

AeroVironment's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

AeroVironment has no debt.

AeroVironment has not taken on any debt in the past 5 years.

AeroVironment has no debt, it does not need to be covered by operating cash flow.

AeroVironment has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

AeroVironment has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate AeroVironment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate AeroVironment's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as AeroVironment has not reported any payouts.

Unable to verify if AeroVironment's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as AeroVironment has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of AeroVironment's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Wahid Nawabi (50yo)

3.3yrs

Tenure

US$2,052,107

Compensation

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

Wahid's remuneration is lower than average for companies of similar size in United States of America.

Wahid's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.6yrs

Average Tenure

50yo

Average Age

The average tenure for the AeroVironment management team is less than 2 years, this suggests a new team.


Board Age and Tenure

6.7yrs

Average Tenure

72yo

Average Age

The tenure for the AeroVironment board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$12,60309 Oct 18
Kirk Flittie
EntityIndividual
Role
Consultant
Consultant
Shares124
Max PriceUS$101.64

Ownership Breakdown


Management Team

  • Teresa Covington (56yo)

    Senior VP & CFO

    • Tenure: 2.5yrs
    • Compensation: US$831.39k
  • Tom Vaneck

    VP & MD of NEIC

    • Tenure: 0.4yrs
  • Steven Gitlin

    Vice President Corporate Strategy

    • Tenure: 0yrs
  • Ken Karklin (50yo)

    Senior Vice President of Operations

    • Tenure: 0.8yrs
    • Compensation: US$565.34k
  • Melissa Brown (42yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 4.4yrs
    • Compensation: US$536.22k
  • Wahid Nawabi (50yo)

    CEO, President & Director

    • Tenure: 3.3yrs
    • Compensation: US$2.05m
  • Kirk Flittie (57yo)

    Consultant

    • Tenure: 0.2yrs
    • Compensation: US$807.14k
  • John Burkholder

    Senior Counsel

    • Tenure: 0yrs

Board Members

  • Stephen Page (79yo)

    Lead Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$174.13k
  • Catharine Merigold (63yo)

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$177.88k
  • Ed Muller (67yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$175.01k
  • Tim Conver (75yo)

    Chairman

    • Tenure: 12.1yrs
    • Compensation: US$218.65k
  • Arnie Fishman (74yo)

    Independent Director

    • Tenure: 21.7yrs
    • Compensation: US$165.01k
  • Tom Burbage (71yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$163.51k
  • Charles Holland (73yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$203.01k
  • Wahid Nawabi (50yo)

    CEO, President & Director

    • Tenure: 3.3yrs
    • Compensation: US$2.05m

Company Information

AeroVironment, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AeroVironment, Inc.
  • Ticker: AVAV
  • Exchange: NasdaqGS
  • Founded: 1971
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$1.453b
  • Shares outstanding: 23.75m
  • Website: https://www.avinc.com

Number of Employees


Location

  • AeroVironment, Inc.
  • 900 Innovators Way
  • Simi Valley
  • California
  • 93065
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AVAVNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 2007
JPXDB (Deutsche Boerse AG)YesCommon StockDEEURJan 2007
0HALLSE (London Stock Exchange)YesCommon StockGBUSDJan 2007

Biography

AeroVironment, Inc. designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and r ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 23:52
End of Day Share Price2019/09/19 00:00
Earnings2019/07/27
Annual Earnings2019/04/30


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.