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SPR

Spirit AeroSystems Holdings NYSE:SPR Stock Report

Last Price

US$29.37

Market Cap

US$3.1b

7D

3.1%

1Y

-37.8%

Updated

29 Jun, 2022

Data

Company Financials +
SPR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance0/6
Financial Health1/6
Dividends0/6

SPR Stock Overview

Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide.

Spirit AeroSystems Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Spirit AeroSystems Holdings
Historical stock prices
Current Share PriceUS$29.37
52 Week HighUS$53.31
52 Week LowUS$26.18
Beta1.76
1 Month Change-8.25%
3 Month Change-39.93%
1 Year Change-37.76%
3 Year Change-62.73%
5 Year Change-50.35%
Change since IPO1.28%

Recent News & Updates

May 05

Spirit AeroSystems Stock Tumbles On Bad Boeing 737 MAX News

Shares of Spirit AeroSystems tumbled despite top and bottom line beats. SPR's Q1 2022 earnings results were not bad at all from any point of view. Boeing 737 shipset production will not be lifted as anticipated earlier. Airbus A320 shipset deliveries was strong in Q1, but full year guidance was low.

Apr 25
Is Spirit AeroSystems Holdings (NYSE:SPR) A Risky Investment?

Is Spirit AeroSystems Holdings (NYSE:SPR) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

SPRUS Aerospace & DefenseUS Market
7D3.1%1.1%1.6%
1Y-37.8%0.3%-20.8%

Return vs Industry: SPR underperformed the US Aerospace & Defense industry which returned 1.6% over the past year.

Return vs Market: SPR underperformed the US Market which returned -20.4% over the past year.

Price Volatility

Is SPR's price volatile compared to industry and market?
SPR volatility
SPR Average Weekly Movement9.2%
Aerospace & Defense Industry Average Movement7.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: SPR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SPR's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192716,100Tom Gentilehttps://www.spiritaero.com

Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles, and related engine structural components; and wings and wing components, including flight control surfaces, as well as other structural parts.

Spirit AeroSystems Holdings Fundamentals Summary

How do Spirit AeroSystems Holdings's earnings and revenue compare to its market cap?
SPR fundamental statistics
Market CapUS$3.08b
Earnings (TTM)-US$422.00m
Revenue (TTM)US$4.23b

0.7x

P/S Ratio

-7.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPR income statement (TTM)
RevenueUS$4.23b
Cost of RevenueUS$4.23b
Gross Profit-US$5.60m
Other ExpensesUS$416.40m
Earnings-US$422.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-4.02
Gross Margin-0.13%
Net Profit Margin-9.98%
Debt/Equity Ratio949.0%

How did SPR perform over the long term?

See historical performance and comparison

Dividends

0.1%

Current Dividend Yield

-0.988%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SPR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPR?

Other financial metrics that can be useful for relative valuation.

SPR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA67.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SPR's PS Ratio compare to its peers?

SPR PS Ratio vs Peers
The above table shows the PS ratio for SPR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average108.8x
HXL Hexcel
3.1x11.9%US$4.4b
SPCE Virgin Galactic Holdings
429.8x67.6%US$1.6b
AJRD Aerojet Rocketdyne Holdings
1.5x4.2%US$3.2b
MOG.A Moog
0.8x4.5%US$2.5b
SPR Spirit AeroSystems Holdings
0.7x15.8%US$3.1b

Price-To-Sales vs Peers: SPR is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (108.8x).


Price to Earnings Ratio vs Industry

How does SPR's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?

Price-To-Sales vs Industry: SPR is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Aerospace & Defense industry average (2.1x)


Price to Sales Ratio vs Fair Ratio

What is SPR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: SPR is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).


Share Price vs Fair Value

What is the Fair Price of SPR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPR ($29.37) is trading below our estimate of fair value ($116.97)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SPR's PEG Ratio to determine if it is good value.


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Future Growth

How is Spirit AeroSystems Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


55.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: SPR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SPR is expected to become profitable in the next 3 years.

Revenue vs Market: SPR's revenue (15.8% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: SPR's revenue (15.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPR's Return on Equity is forecast to be high in 3 years time (39.9%)


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Past Performance

How has Spirit AeroSystems Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-53.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SPR is currently unprofitable.

Growing Profit Margin: SPR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPR is unprofitable, and losses have increased over the past 5 years at a rate of 53.8% per year.

Accelerating Growth: Unable to compare SPR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPR is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (27.7%).


Return on Equity

High ROE: SPR has a negative Return on Equity (-110.41%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Spirit AeroSystems Holdings's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SPR's short term assets ($3.6B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: SPR's short term assets ($3.6B) do not cover its long term liabilities ($5.3B).


Debt to Equity History and Analysis

Debt Level: SPR's net debt to equity ratio (647.6%) is considered high.

Reducing Debt: SPR's debt to equity ratio has increased from 54.3% to 949% over the past 5 years.

Debt Coverage: SPR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SPR's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Spirit AeroSystems Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SPR's dividend (0.14%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: SPR's dividend (0.14%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: SPR is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: SPR is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: SPR is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: SPR is paying a dividend but the company has no free cash flows.


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Management

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

2.2yrs

Average management tenure


CEO

Tom Gentile (57 yo)

5.83yrs

Tenure

US$10,849,938

Compensation

Mr. Thomas C. Gentile, III, also known as Tom, has been the Chief Executive Officer and President at Spirit AeroSystems Holdings, Inc. since August 1, 2016 and served as its Chief Operating Officer and Exe...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD10.85M) is above average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SPR's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: SPR's board of directors are considered experienced (6.4 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

Spirit AeroSystems Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Spirit AeroSystems Holdings, Inc.
  • Ticker: SPR
  • Exchange: NYSE
  • Founded: 1927
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: US$3.084b
  • Shares outstanding: 105.02m
  • Website: https://www.spiritaero.com

Number of Employees


Location

  • Spirit AeroSystems Holdings, Inc.
  • 3801 South Oliver Street
  • Wichita
  • Kansas
  • 67210
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.