NYSE:AJRD

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Aerojet Rocketdyne Holdings

Executive Summary

Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. More Details


Snowflake Analysis

Excellent balance sheet with limited growth.


Similar Companies

Share Price & News

How has Aerojet Rocketdyne Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AJRD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: AJRD's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

0.09%

AJRD

-0.8%

US Aerospace & Defense

2.3%

US Market


1 Year Return

1.8%

AJRD

-29.2%

US Aerospace & Defense

23.8%

US Market

Return vs Industry: AJRD exceeded the US Aerospace & Defense industry which returned -29.2% over the past year.

Return vs Market: AJRD underperformed the US Market which returned 23.7% over the past year.


Shareholder returns

AJRDIndustryMarket
7 Day0.09%-0.8%2.3%
30 Day-0.6%0.3%4.8%
90 Day39.3%7.8%14.5%
1 Year1.8%1.8%-14.6%-29.2%26.6%23.8%
3 Year84.5%84.5%-2.1%-22.3%45.0%35.4%
5 Year219.2%219.2%71.4%29.3%126.2%101.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Aerojet Rocketdyne Holdings undervalued compared to its fair value and its price relative to the market?

32.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AJRD ($52.51) is trading above our estimate of fair value ($39.13)

Significantly Below Fair Value: AJRD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AJRD is poor value based on its PE Ratio (32.4x) compared to the US Aerospace & Defense industry average (30.4x).

PE vs Market: AJRD is poor value based on its PE Ratio (32.4x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: AJRD is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: AJRD is overvalued based on its PB Ratio (5.7x) compared to the US Aerospace & Defense industry average (3x).


Next Steps

Future Growth

How is Aerojet Rocketdyne Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AJRD's forecast earnings growth (11.7% per year) is above the savings rate (2%).

Earnings vs Market: AJRD's earnings (11.7% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: AJRD's earnings are forecast to grow, but not significantly.

Revenue vs Market: AJRD's revenue (4.6% per year) is forecast to grow slower than the US market (10.6% per year).

High Growth Revenue: AJRD's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AJRD's Return on Equity is forecast to be high in 3 years time (24.9%)


Next Steps

Past Performance

How has Aerojet Rocketdyne Holdings performed over the past 5 years?

41.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AJRD has high quality earnings.

Growing Profit Margin: AJRD's current net profit margins (6.2%) are lower than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: AJRD has become profitable over the past 5 years, growing earnings by 41.6% per year.

Accelerating Growth: AJRD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AJRD had negative earnings growth (-7.8%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-6.7%).


Return on Equity

High ROE: AJRD's Return on Equity (18%) is considered low.


Next Steps

Financial Health

How is Aerojet Rocketdyne Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: AJRD's short term assets ($1.6B) exceed its short term liabilities ($921.1M).

Long Term Liabilities: AJRD's short term assets ($1.6B) exceed its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: AJRD's debt to equity ratio (80.3%) is considered high.

Reducing Debt: AJRD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: AJRD's debt is well covered by operating cash flow (53.3%).

Interest Coverage: AJRD's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Aerojet Rocketdyne Holdings's current dividend yield, its reliability and sustainability?


Upcoming Dividend Payment


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if AJRD'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 AJRD'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?

2.7yrs

Average management tenure


CEO

Eileen Drake (53 yo)

5.58yrs

Tenure

US$7,259,540

Compensation

Ms. Eileen P. Drake has been the Chief Executive Officer and President of Aerojet Rocketdyne Holdings, Inc. since June 01, 2015. Ms. Drake serves as the Chief Executive Officer and President at Aerojet Roc...


CEO Compensation Analysis

Compensation vs Market: Eileen's total compensation ($USD7.26M) is above average for companies of similar size in the US market ($USD5.01M).

Compensation vs Earnings: Eileen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Warren Lichtenstein
Executive Chairman7.83yrsUS$5.76m0.27%
$ 10.9m
Eileen Drake
CEO, President & Director5.58yrsUS$7.26m0.54%
$ 21.6m
John Schumacher
Senior Vice President of Washington Operations & Communications4.42yrsUS$1.33m0.12%
$ 4.9m
Daniel Boehle
CFO, VP0.42yrno data0.046%
$ 1.8m
Amy Gowder
Chief Operating Officer0.67yrno data0.013%
$ 533.3k
Arjun Kampani
Senior VP4.75yrsUS$1.25m0.091%
$ 3.6m
Steve Warren
Vice President of Communicationsno datano datano data
Andreas Wagner
Chief Human Resources Officer1yrno datano data
James Maser
Senior Vice President of Space Business Unit2.42yrsno datano data
Gregory Jones
Senior Vice President of Strategy & Business Development2.92yrsno datano data
Tyler Evans
Senior Vice President of Defense Business Unit1.33yrsno datano data
Richard Bregard
Deputy to the President of Aerojet10.58yrsUS$605.35kno data

2.7yrs

Average Tenure

54yo

Average Age

Experienced Management: AJRD's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Warren Lichtenstein
Executive Chairman7.83yrsUS$5.76m0.27%
$ 10.9m
Eileen Drake
CEO, President & Director5.58yrsUS$7.26m0.54%
$ 21.6m
James Henderson
Independent Director12.83yrsUS$263.02k0.063%
$ 2.5m
Thomas Corcoran
Independent Director12.33yrsUS$242.30k0.14%
$ 5.5m
Martin Turchin
Independent Director12.83yrsUS$253.53k0.14%
$ 5.6m
Lance Lord
Independent Director5.92yrsUS$209.22k0.047%
$ 1.9m
Kevin Chilton
Independent Director2.25yrsUS$232.05k0.019%
$ 767.0k
Audrey McNiff
Director0.42yrno data0.0047%
$ 188.2k

6.9yrs

Average Tenure

65yo

Average Age

Experienced Board: AJRD's board of directors are considered experienced (6.9 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Aerojet Rocketdyne Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aerojet Rocketdyne Holdings, Inc.
  • Ticker: AJRD
  • Exchange: NYSE
  • Founded: 1915
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$3.995b
  • Shares outstanding: 76.08m
  • Website: https://www.aerojetrocketdyne.com

Number of Employees


Location

  • Aerojet Rocketdyne Holdings, Inc.
  • 222 North Pacific Coast Highway
  • Suite 500
  • El Segundo
  • California
  • 90245
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AJRDNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
GCYDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
0HA5LSE (London Stock Exchange)YesCommon StockGBUSDJan 1968

Biography

Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defens...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 23:12
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
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.