Spirit AeroSystems Holdings
Market Cap
US$2.5b
Last Updated
2020/07/06 23:54 UTC
Data Sources
Company Financials +
Executive Summary
Spirit AeroSystems Holdings, Inc. designs, manufactures, and supplies commercial aero structures in the United States and internationally.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Very undervalued with high growth potential.
Similar Companies
Share Price & News
How has Spirit AeroSystems Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.3%
SPR
2.4%
US Aerospace & Defense
4.0%
US Market
1 Year Return
-67.9%
SPR
-27.4%
US Aerospace & Defense
5.0%
US Market
Return vs Industry: SPR underperformed the US Aerospace & Defense industry which returned -27.4% over the past year.
Return vs Market: SPR underperformed the US Market which returned 5% over the past year.
Shareholder returns
| SPR | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.3% | 2.4% | 4.0% |
| 30 Day | -28.7% | -12.7% | -1.1% |
| 90 Day | 30.8% | 2.7% | 21.1% |
| 1 Year | -67.7%-67.9% | -13.0%-27.4% | 7.2%5.0% |
| 3 Year | -58.7%-59.3% | 9.7%-13.6% | 36.0%27.1% |
| 5 Year | -55.8%-56.7% | 48.9%9.7% | 65.3%46.9% |
Price Volatility Vs. Market
How volatile is Spirit AeroSystems Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should We Be Excited About The Trends Of Returns At Spirit AeroSystems Holdings (NYSE:SPR)?3 months ago | Simply Wall St
How Does Spirit AeroSystems Holdings's (NYSE:SPR) P/E Compare To Its Industry, After The Share Price Drop?7 months ago | Simply Wall St
Did You Miss Spirit AeroSystems Holdings's (NYSE:SPR) 97% Share Price Gain?Valuation
Is Spirit AeroSystems Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPR ($24.02) is trading below our estimate of fair value ($66.51)
Significantly Below Fair Value: SPR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPR is good value based on its PE Ratio (12.2x) compared to the Aerospace & Defense industry average (15.9x).
PE vs Market: SPR is good value based on its PE Ratio (12.2x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: SPR is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: SPR is good value based on its PB Ratio (1.7x) compared to the US Aerospace & Defense industry average (2.2x).
Next Steps
Future Growth
How is Spirit AeroSystems Holdings forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
77.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPR's forecast earnings growth (77.2% per year) is above the savings rate (2.2%).
Earnings vs Market: SPR's earnings (77.2% per year) are forecast to grow faster than the US market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SPR's revenue (15.5% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: SPR's revenue (15.5% 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 (20.3%)
Next Steps
Past Performance
How has Spirit AeroSystems Holdings performed over the past 5 years?
-1.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPR has a large one-off loss of $186.2M impacting its April 2 2020 financial results.
Growing Profit Margin: SPR's current net profit margins (2.9%) are lower than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: SPR's earnings have declined by -1.4% per year over the past 5 years.
Accelerating Growth: SPR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPR had negative earnings growth (-68.9%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (4.2%).
Return on Equity
High ROE: SPR's Return on Equity (14%) is considered low.
Next Steps
Financial Health
How is Spirit AeroSystems Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SPR's short term assets ($4.0B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: SPR's short term assets ($4.0B) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: SPR's debt to equity ratio (197.8%) is considered high.
Reducing Debt: SPR's debt to equity ratio has increased from 63.1% to 197.8% over the past 5 years.
Debt Coverage: SPR's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: SPR's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Spirit AeroSystems Holdings's current dividend yield, its reliability and sustainability?
0.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPR's dividend (0.17%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: SPR's dividend (0.17%) is low compared to the top 25% of dividend payers in the US market (4.5%).
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.
Current Payout to Shareholders
Dividend Coverage: SPR is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SPR'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?
2.8yrs
Average management tenure
CEO
Tom Gentile (56yo)
3.92yrs
Tenure
US$11,072,149
Compensation
Mr. Thomas C. Gentile, III, also known as Tom, has been the Chief Executive Officer and President at Spirit AeroSystems Holdings, Inc. since August 1, 2016 and served as its Chief Operating Officer and Exe ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD11.07M) is above average for companies of similar size in the US market ($USD5.83M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.92yrs | US$11.07m | 0.29% $7.4m | |
| Senior VP & CTO | 2.83yrs | US$2.00m | 0.11% $2.8m | |
| Executive VP and Chief Administration Officer & Strategy | 4yrs | US$2.45m | 0.079% $2.0m | |
| Senior VP and President of Defense & Fabrication | 2.83yrs | US$2.34m | 0.072% $1.8m | |
| Senior VP & CFO | 0.50yr | no data | 0.035% $891.6k | |
| Senior VP of Operations & Chief Procurement Officer | 1.83yrs | no data | 0.035% $889.6k | |
| VP, Controller & Principal Accounting Officer | 0.50yr | no data | 0.011% $290.5k | |
| Head of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | 0.023% $591.2k | |
| Chief Purchasing Officer & VP of Global Supply Chain | no data | no data | no data |
2.8yrs
Average Tenure
54yo
Average Age
Experienced Management: SPR's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.92yrs | US$11.07m | 0.29% $7.4m | |
| Independent Director | 13.67yrs | US$248.06k | 0.025% $622.1k | |
| Independent Director | 5.17yrs | US$255.05k | no data | |
| Independent Director | 6yrs | US$230.08k | 0.021% $527.6k | |
| Independent Director | 2.42yrs | US$230.08k | 0.0098% $247.9k | |
| Director | 13.67yrs | US$527.55k | 0.0091% $231.5k | |
| Independent Director | 13.67yrs | US$242.04k | 0.024% $614.0k | |
| Independent Director | 12.25yrs | US$242.04k | 0.020% $497.4k | |
| Independent Director | 0.75yr | US$115.32k | 0.0052% $131.1k | |
| Independent Chairman of the Board | no data | US$346.23k | 0.018% $447.5k |
6.0yrs
Average Tenure
69.5yo
Average Age
Experienced Board: SPR's board of directors are considered experienced (6 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 been diluted in the past year, with total shares outstanding growing by 2%.
Top Shareholders
Company Information
Spirit AeroSystems Holdings, Inc.'s company bio, 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
- Market Cap: US$2.535b
- Shares outstanding: 105.54m
- Website: https://www.spiritaero.com
Number of Employees
Location
- Spirit AeroSystems Holdings, Inc.
- 3801 South Oliver Street
- Wichita
- Kansas
- 67210
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPR | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Nov 2006 |
| S9Q | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Nov 2006 |
Biography
Spirit AeroSystems Holdings, Inc. designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services. The Propulsion Systems segment offers struts/pylons; nacelles, including thrust reversers; and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems provides wings and wing components, such as flight control surfaces; and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services. Spirit AeroSystems Holdings, Inc. also offers low observables comprising radar absorbent and translucent materials; rotorcrafts that include forward cockpits and cabins; and other military services, such as fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/06 23:54 |
| End of Day Share Price | 2020/07/06 00:00 |
| Earnings | 2020/04/02 |
| Annual Earnings | 2019/12/31 |
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.