AMEX:AIRI

Stock Analysis Report

Executive Summary

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies that focus on flight safety.

Snowflake

Fundamentals

Imperfect balance sheet with concerning outlook.

Risks

  • Air Industries Group has significant price volatility in the past 3 months.
  • Air Industries Group is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Air Industries Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

AIRI

-0.07%

US Aerospace & Defense

-0.6%

US Market


1 Year Return

-0.7%

AIRI

4.4%

US Aerospace & Defense

0.7%

US Market

AIRI underperformed the Aerospace & Defense industry which returned 4.4% over the past year.

AIRI underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

AIRIIndustryMarket
7 Day-2.0%-0.07%-0.6%
30 Day24.1%2.2%2.9%
90 Day44.0%6.5%1.3%
1 Year-0.7%-0.7%6.4%4.4%2.9%0.7%
3 Year-68.6%-68.6%60.3%51.5%44.6%35.2%
5 Year-85.3%-86.4%98.4%79.6%61.9%44.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Air Industries Group undervalued based on future cash flows and its price relative to the stock market?

4.04x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Air Industries Group to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Air Industries Group to establish if it is available at substantial discount.


Price Based on Earnings

Air Industries Group is loss making, we can't compare its value to the US Aerospace & Defense industry average.

Air Industries Group is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Air Industries Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Air Industries Group is overvalued based on assets compared to the US Aerospace & Defense industry average.


Next Steps

Future Growth

How is Air Industries Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

80.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Air Industries Group's revenue is expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).

Air Industries Group is not considered high growth as it is expected to be loss making for the next 1-3 years.

Air Industries Group's revenue growth is expected to exceed the United States of America market average.

Unable to compare Air Industries Group's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Air Industries Group's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Air Industries Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Air Industries Group performed over the past 5 years?

-45.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Air Industries Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Air Industries Group's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Air Industries Group's 1-year growth to the US Aerospace & Defense industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Air Industries Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Air Industries Group has efficiently used its assets last year compared to the US Aerospace & Defense industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Air Industries Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Air Industries Group's financial position?


Financial Position Analysis

Air Industries Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Air Industries Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Air Industries Group's level of debt (244.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (44.5% vs 244.5% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Air Industries Group has less than a year of cash runway based on current free cash flow.

Air Industries Group has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4.9% each year.


Next Steps

Dividend

What is Air Industries Group's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Air Industries Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Air Industries Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Air Industries Group has not reported any payouts.

Unable to verify if Air Industries Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Air Industries Group has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Air Industries Group's salary, the management and board of directors tenure and is there insider trading?

10.9yrs

Average board tenure


CEO

Lou Melluzzo (55yo)

1.8yrs

Tenure

US$290,800

Compensation

Mr. Luciano M. Melluzzo, also known as Lou, has been the President and Chief Executive Officer at Air Industries Group since November 15, 2017. He joined Air Industries Group on September 11, 2017 as Chief ...


CEO Compensation Analysis

Lou's remuneration is lower than average for companies of similar size in United States of America.

Lou's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

10.9yrs

Average Tenure

53yo

Average Age

The average tenure for the Air Industries Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

Air Industries Group individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$46,66714 Aug 19
Peter Rettaliata
EntityIndividual
Role
Member of the Board of Directors
Director
Shares46,667
Max PriceUS$1.00
BuyUS$14,36717 Jan 19
Michael Taglich
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares17,310
Max PriceUS$0.83
BuyUS$14,36717 Jan 19
Robert Taglich
EntityIndividual
Role
Member of the Board of Directors
Director
Shares17,310
Max PriceUS$0.83
BuyUS$15,59828 Dec 18
Luciano Melluzzo
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares20,000
Max PriceUS$0.78
BuyUS$8,10028 Dec 18
Luciano Melluzzo
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares10,000
Max PriceUS$0.81
BuyUS$4,42206 Dec 18
Richmond Brothers 401(K) Profit Sharing Plan
EntityCompany
Shares3,979
Max PriceUS$1.11
BuyUS$58306 Dec 18
Matthew Curfman
EntityIndividual
Shares525
Max PriceUS$1.11
BuyUS$31,89309 Oct 18
Richmond Brothers, Inc.
EntityCompany
Shares22,379
Max PriceUS$1.49

Ownership Breakdown


Management Team

  • Michael Recca (68yo)

    Chief Financial Officer

    • Tenure: 2.9yrs
    • Compensation: US$209.25k
  • Lou Melluzzo (55yo)

    President & CEO

    • Tenure: 1.8yrs
    • Compensation: US$290.80k
  • Robert Hunt

    General Manager of NTW

    • Tenure: 0yrs
    • Compensation: US$256.00k

Board Members

  • Mike Porcelain (50yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$57.48k
  • Rob Schroeder (52yo)

    Independent Director

    • Tenure: 10.9yrs
    • Compensation: US$45.48k
  • Michael Taglich (53yo)

    Chairman of the Board

    • Tenure: 11yrs
    • Compensation: US$71.98k
  • Mike Brand (61yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$45.48k
  • Pete Rettaliata (68yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$70.48k
  • Dave Buonanno (64yo)

    Independent Director

    • Tenure: 11.7yrs
    • Compensation: US$43.98k
  • Rob Taglich (53yo)

    Director

    • Tenure: 10.9yrs
    • Compensation: US$71.98k

Company Information

Air Industries Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Air Industries Group
  • Ticker: AIRI
  • Exchange: AMEX
  • Founded: 2006
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$41.686m
  • Shares outstanding: 28.95m
  • Website: https://www.airindustriesgroup.com

Number of Employees


Location

  • Air Industries Group
  • 1460 Fifth Avenue
  • Bay Shore
  • New York
  • 11706
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIRIAMEX (NYSE MKT LLC)YesCommon StockUSUSDNov 2005
YH1NBST (Boerse-Stuttgart)YesCommon StockDEEURNov 2005

Biography

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies that focus on flight safety. The company operates through two segments, Complex Mach ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:56
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.