NYSE:MOG.A

Stock Analysis Report

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Executive Summary

Moog Inc. designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide.


Snowflake Analysis

Undervalued with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.9%

MOG.A

-4.9%

US Aerospace & Defense

-0.7%

US Market


1 Year Return

-48.4%

MOG.A

-30.7%

US Aerospace & Defense

5.3%

US Market

Return vs Industry: MOG.A underperformed the US Aerospace & Defense industry which returned -31.1% over the past year.

Return vs Market: MOG.A underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

MOG.AIndustryMarket
7 Day-6.9%-4.9%-0.7%
30 Day-12.1%-8.5%4.6%
90 Day-15.0%-7.0%14.0%
1 Year-48.0%-48.4%-16.9%-30.7%7.6%5.3%
3 Year-33.2%-34.8%4.4%-17.8%34.9%26.1%
5 Year-29.2%-30.9%40.2%3.6%62.3%44.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

40.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MOG.A ($48.25) is trading below our estimate of fair value ($80.43)

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


Price To Earnings Ratio

PE vs Industry: MOG.A is good value based on its PE Ratio (8.5x) compared to the US Aerospace & Defense industry average (14.8x).

PE vs Market: MOG.A is good value based on its PE Ratio (8.5x) compared to the US market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: MOG.A's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MOG.A is good value based on its PB Ratio (1.3x) compared to the US Aerospace & Defense industry average (2.1x).


Next Steps

Future Growth

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

-4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOG.A's earnings are forecast to decline over the next 3 years (-4.6% per year).

Earnings vs Market: MOG.A's earnings are forecast to decline over the next 3 years (-4.6% per year).

High Growth Earnings: MOG.A's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MOG.A's revenue (0.1% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: MOG.A's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MOG.A's Return on Equity is forecast to be low in 3 years time (12.8%).


Next Steps

Past Performance

How has Moog performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOG.A has high quality earnings.

Growing Profit Margin: MOG.A's current net profit margins (6.5%) are higher than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: MOG.A's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: MOG.A's earnings growth over the past year (18.8%) exceeds its 5-year average (5.7% per year).

Earnings vs Industry: MOG.A earnings growth over the past year (18.8%) exceeded the Aerospace & Defense industry 4.2%.


Return on Equity

High ROE: MOG.A's Return on Equity (15.7%) is considered low.


Next Steps

Financial Health

How is Moog's financial position?


Financial Position Analysis

Short Term Liabilities: MOG.A's short term assets ($1.8B) exceed its short term liabilities ($745.6M).

Long Term Liabilities: MOG.A's short term assets ($1.8B) exceed its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: MOG.A's debt to equity ratio (87.8%) is considered high.

Reducing Debt: MOG.A's debt to equity ratio has reduced from 88.6% to 87.8% over the past 5 years.

Debt Coverage: MOG.A's debt is not well covered by operating cash flow (14%).

Interest Coverage: MOG.A's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Moog current dividend yield, its reliability and sustainability?

2.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MOG.A's dividend (2.07%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: MOG.A's dividend (2.07%) is low compared to the top 25% of dividend payers in the US market (4.6%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MOG.A has been paying a dividend for less than 10 years.

Growing Dividend: MOG.A has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.6%), MOG.A's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

John Scannell (57yo)

8.58yrs

Tenure

US$5,739,957

Compensation

Mr. John R. Scannell has been Chief Executive Officer of Moog Inc. since December 1, 2011. Mr. Scannell served as the President and Chief Operating Officer of Moog Inc., since December 2, 2010. He was app ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD5.74M) is about average for companies of similar size in the US market ($USD4.72M).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Scannell
Chairman & CEO8.58yrsUS$5.74m0.21% $3.3m
Mark Trabert
VP & Group President of Aircraft Controls4.92yrsUS$1.44m0.017% $274.8k
Maureen Athoe
VP and President of Space & Defense Group4.92yrsUS$1.43m0.020% $315.8k
Jennifer Walter
VP & CFO0.50yrno data0.0068% $107.6k
Michael Swope
Principal Accounting Officer & Controller1.33yrsno data0.00030% $4.8k
Ann Luhr
Head of Investor Relationsno datano datano data
Paul DellaNeve
Vice President of Corporate Development5.33yrsno datano data
Paul Wilkinson
VP & Chief HR Officer2.58yrsno data0.0061% $97.3k
Timothy Balkin
Treasurer & Assistant Secretary20.08yrsno data0.012% $187.0k
Patrick Roche
VP & Group President of Industrial Systemsno datano data0.028% $448.0k
Robert Olivieri
Secretary6.5yrsno datano data
John McGrath
Assistant Treasurer12.5yrsno data0.00062% $9.8k

5.1yrs

Average Tenure

59yo

Average Age

Experienced Management: MOG.A's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Scannell
Chairman & CEO8.58yrsUS$5.74m0.21% $3.3m
Donald Fishback
Director5.5yrsUS$2.75m0.18% $2.9m
Kraig Kayser
Independent Director22.5yrsUS$160.03k0.090% $1.4m
Brian Lipke
Independent Director17.42yrsUS$160.03k0.036% $569.4k
Peter Gundermann
Independent Director11.5yrsUS$160.03k0.015% $236.1k
Brenda Reichelderfer
Independent Director4.5yrsUS$160.03k0.015% $229.8k
William Gisel
Independent Director8.5yrsUS$160.03k0.013% $198.2k
Richard Lawrence
Independent Director5.5yrsUS$160.03k0.019% $295.4k
Janet Coletti
Director0.67yrno data0.0030% $48.2k

6.5yrs

Average Tenure

61yo

Average Age

Experienced Board: MOG.A's board of directors are considered experienced (6.5 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

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


Key Information

  • Name: Moog Inc.
  • Ticker: MOG.A
  • Exchange: NYSE
  • Founded: 1951
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$1.585b
  • Shares outstanding: 32.58m
  • Website: https://www.moog.com

Number of Employees


Location

  • Moog Inc.
  • 400 Jamison Road
  • East Aurora
  • New York
  • 14052
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOG.BNYSE (New York Stock Exchange)Class B Common StockUSUSDJan 1968
MO7RDB (Deutsche Boerse AG)Class B Common StockDEEURJan 1968
MOG.ANYSE (New York Stock Exchange)YesClass A Common StockUSUSDMay 1980
MO7ADB (Deutsche Boerse AG)YesClass A Common StockDEEURMay 1980

Biography

Moog Inc. designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company’s Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles. This segment also offers steering tactical and strategic missiles; and designs, builds, and integrates weapon stores management systems for light attack aerial reconnaissance, ground, and sea platforms. The company’s Industrial Systems segment provides systems for applications in injection and blow molding machinery, metal forming presses, and heavy industry customers in steel and aluminum production; and supplies solutions for power generation applications, electromechanical motion simulation bases, medical training simulators, and custom test systems and controls. This segment also offers systems and components for applications in oil and gas exploration and production; components for wind turbine applications; and components and systems for diagnostic imaging CT scan medical equipment, sleep apnea equipment, oxygen concentrators, infusion therapy, and enteral clinical nutrition. The company was founded in 1951 and is headquartered in East Aurora, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 23:58
End of Day Share Price2020/07/13 00:00
Earnings2020/03/28
Annual Earnings2019/09/28


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.