AeroVironment
Market Cap
US$3.2b
Last Updated
2021/01/25 23:55 UTC
Data Sources
Company Financials +
Executive Summary
AeroVironment, Inc. designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with high 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
Stable Share Price: AVAV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: AVAV's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
15.1%
AVAV
-0.9%
US Aerospace & Defense
2.6%
US Market
1 Year Return
99.2%
AVAV
-28.8%
US Aerospace & Defense
26.0%
US Market
Return vs Industry: AVAV exceeded the US Aerospace & Defense industry which returned -28.8% over the past year.
Return vs Market: AVAV exceeded the US Market which returned 26% over the past year.
Shareholder returns
| AVAV | Industry | Market | |
|---|---|---|---|
| 7 Day | 15.1% | -0.9% | 2.6% |
| 30 Day | 50.8% | 0.2% | 5.1% |
| 90 Day | 75.7% | 13.6% | 17.1% |
| 1 Year | 99.2%99.2% | -14.2%-28.8% | 28.9%26.0% |
| 3 Year | 154.1%154.1% | -2.7%-22.6% | 46.3%36.6% |
| 5 Year | 425.9%425.9% | 71.2%29.2% | 126.9%101.6% |
Long-Term 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 St
How Does AeroVironment's (NASDAQ:AVAV) CEO Salary Compare to Peers?1 month ago | Simply Wall St
We Think AeroVironment's (NASDAQ:AVAV) Statutory Profit Might Understate Its Earnings Potential1 month ago | Simply Wall St
Will AeroVironment's (NASDAQ:AVAV) Growth In ROCE Persist?Valuation
Is AeroVironment undervalued compared to its fair value and its price relative to the market?
110.86x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AVAV ($134.2) is trading above our estimate of fair value ($77.26)
Significantly Below Fair Value: AVAV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AVAV is poor value based on its PE Ratio (110.9x) compared to the US Aerospace & Defense industry average (30.6x).
PE vs Market: AVAV is poor value based on its PE Ratio (110.9x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: AVAV is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: AVAV is overvalued based on its PB Ratio (6.1x) compared to the US Aerospace & Defense industry average (3x).
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Future Growth
How is AeroVironment forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
37.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVAV's forecast earnings growth (37.1% per year) is above the savings rate (2%).
Earnings vs Market: AVAV's earnings (37.1% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AVAV's revenue (25.6% per year) is forecast to grow faster than the US market (10.6% per year).
High Growth Revenue: AVAV's revenue (25.6% 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 AVAV's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has AeroVironment performed over the past 5 years?
28.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVAV has high quality earnings.
Growing Profit Margin: AVAV's current net profit margins (7.7%) are lower than last year (11.6%).
Past Earnings Growth Analysis
Earnings Trend: AVAV's earnings have grown significantly by 28.6% 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 (-25%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-6.7%).
Return on Equity
High ROE: AVAV's Return on Equity (5.5%) is considered low.
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Financial Health
How is AeroVironment's financial position?
Financial Position Analysis
Short Term Liabilities: AVAV's short term assets ($507.6M) exceed its short term liabilities ($53.5M).
Long Term Liabilities: AVAV's short term assets ($507.6M) exceed its long term liabilities ($10.7M).
Debt to Equity History and Analysis
Debt Level: AVAV is debt free.
Reducing Debt: AVAV has no debt compared to 5 years ago when its debt to equity ratio was 0%.
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.
Balance Sheet
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Dividend
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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Wahid Nawabi (51 yo)
4.67yrs
Tenure
US$3,056,944
Compensation
Mr. Wahid Nawabi has been the Chief Executive Officer and President of AeroVironment, Inc. since May 2, 2016 and January 16, 2016 respectively. Mr. Nawabi served as Chief Operating Officer of AeroVironment...
CEO Compensation Analysis
Compensation vs Market: Wahid's total compensation ($USD3.06M) is below average for companies of similar size in the US market ($USD5.01M).
Compensation vs Earnings: Wahid's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 4.67yrs | US$3.06m | 0.27% $ 8.8m | |
| Senior VP & CFO | 0.92yr | US$735.90k | 0.025% $ 792.3k | |
| Senior VP & COO | 2.08yrs | US$945.77k | 0.053% $ 1.7m | |
| VP, General Counsel & Corporate Secretary | 5.75yrs | US$840.28k | 0.034% $ 1.1m | |
| VP & Chief People Officer | no data | US$555.91k | 0.017% $ 543.4k | |
| VP & Controller | 3.08yrs | US$550.84k | 0.017% $ 560.7k | |
| VP & Chief Technology Officer | no data | no data | no data | |
| VP & Chief Information Officer | 0.67yr | 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 | |
| VP & MD of NEIC | 1.75yrs | no data | no data | |
| Senior Counsel | no data | no data | no data |
2.1yrs
Average Tenure
48.5yo
Average Age
Experienced Management: AVAV's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 4.67yrs | US$3.06m | 0.27% $ 8.8m | |
| Independent Director | 7.75yrs | US$188.46k | 0.13% $ 4.3m | |
| Independent Director | 5.5yrs | US$180.96k | 0.081% $ 2.6m | |
| Independent Director | 8yrs | US$184.96k | 0.12% $ 3.7m | |
| Chairman of the Board | 13.42yrs | US$347.88k | 5.93% $ 190.2m | |
| Independent Director | 23yrs | US$168.96k | 1.38% $ 44.4m | |
| Lead Independent Director | no data | US$184.46k | 0.11% $ 3.6m | |
| Independent Director | 16.67yrs | US$644.96k | 0.26% $ 8.5m |
8.0yrs
Average Tenure
73yo
Average Age
Experienced Board: AVAV's board of directors are considered experienced (8 years average tenure).
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$3.208b
- Shares outstanding: 23.90m
- Website: https://www.avinc.com
Number of Employees
Location
- AeroVironment, Inc.
- 900 Innovators Way
- Simi Valley
- California
- 93065-0906
- United States
Listings
| 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 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:55 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/04/30 |
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.