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AIRI

Air Industries Group NYSEAM:AIRI Stock Report

Last Price

US$0.66

Market Cap

US$21.4m

7D

0%

1Y

-37.1%

Updated

30 Sep, 2022

Data

Company Financials +
AIRI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends0/6

AIRI Stock Overview

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S.

Air Industries Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Air Industries Group
Historical stock prices
Current Share PriceUS$0.66
52 Week HighUS$1.30
52 Week LowUS$0.64
Beta0.75
1 Month Change-5.28%
3 Month Change-1.49%
1 Year Change-37.14%
3 Year Change-48.44%
5 Year Change-52.86%
Change since IPO-99.21%

Recent News & Updates

Shareholder Returns

AIRIUS Aerospace & DefenseUS Market
7D0%-4.7%-3.1%
1Y-37.1%-1.0%-21.5%

Return vs Industry: AIRI underperformed the US Aerospace & Defense industry which returned -1% over the past year.

Return vs Market: AIRI underperformed the US Market which returned -21.5% over the past year.

Price Volatility

Is AIRI's price volatile compared to industry and market?
AIRI volatility
AIRI Average Weekly Movement5.5%
Aerospace & Defense Industry Average Movement6.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: AIRI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AIRI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979197Lou Melluzzohttps://www.airindustriesgroup.com

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the United States. The company operates through two segments, Complex Machining and Turbine and Engine Component.

Air Industries Group Fundamentals Summary

How do Air Industries Group's earnings and revenue compare to its market cap?
AIRI fundamental statistics
Market CapUS$21.36m
Earnings (TTM)US$1.51m
Revenue (TTM)US$55.84m

14.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AIRI income statement (TTM)
RevenueUS$55.84m
Cost of RevenueUS$45.49m
Gross ProfitUS$10.35m
Other ExpensesUS$8.85m
EarningsUS$1.51m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.046
Gross Margin18.54%
Net Profit Margin2.70%
Debt/Equity Ratio139.6%

How did AIRI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AIRI 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/Revenue0.9x
Enterprise Value/EBITDA9.4x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does AIRI's PE Ratio compare to its peers?

AIRI PE Ratio vs Peers
The above table shows the PE ratio for AIRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.6x
CVUA CPI Aerostructures
2.7xn/aUS$14.9m
BUKS Butler National
6.8xn/aUS$53.7m
OPXS Optex Systems Holdings
23.2xn/aUS$12.5m
VTSI VirTra
21.7x29.5%US$58.9m
AIRI Air Industries Group
14.2x68.7%US$21.4m

Price-To-Earnings vs Peers: AIRI is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (13.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: AIRI is good value based on its Price-To-Earnings Ratio (14.2x) compared to the US Aerospace & Defense industry average (23.3x)


Price to Earnings Ratio vs Fair Ratio

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

AIRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.2x
Fair PE Ratio35.7x

Price-To-Earnings vs Fair Ratio: AIRI is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (35.7x).


Share Price vs Fair Value

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

Below Fair Value: AIRI ($0.66) is trading below our estimate of fair value ($5.73)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


68.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIRI's forecast earnings growth (68.7% per year) is above the savings rate (1.9%).

Earnings vs Market: AIRI's earnings (68.7% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: AIRI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIRI's revenue (10.4% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: AIRI's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AIRI's Return on Equity is forecast to be high in 3 years time


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Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


67.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AIRI has high quality earnings.

Growing Profit Margin: AIRI's current net profit margins (2.7%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: AIRI has become profitable over the past 5 years, growing earnings by 67.1% per year.

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

Earnings vs Industry: AIRI had negative earnings growth (-22.4%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (11.9%).


Return on Equity

High ROE: AIRI's Return on Equity (8.5%) is considered low.


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Financial Health

How is Air Industries Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AIRI's short term assets ($43.2M) exceed its short term liabilities ($24.3M).

Long Term Liabilities: AIRI's short term assets ($43.2M) exceed its long term liabilities ($13.6M).


Debt to Equity History and Analysis

Debt Level: AIRI's net debt to equity ratio (134.4%) is considered high.

Reducing Debt: AIRI's debt to equity ratio has increased from 126.4% to 139.6% over the past 5 years.

Debt Coverage: AIRI's debt is not well covered by operating cash flow (18.5%).

Interest Coverage: AIRI's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

What is Air Industries Group 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

  • Cash Flow Coverage

Dividend Yield vs Market

Air Industries Group Dividend Yield vs Market
How does Air Industries Group dividend yield compare to the market?
SegmentDividend Yield
Company (Air Industries Group)0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Aerospace & Defense)2.1%
Analyst forecast in 3 Years (Air Industries Group)n/a

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

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

Growing Dividend: Insufficient data to determine if AIRI's dividend payments have been increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AIRI has not reported any payouts.


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Management

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

14.0yrs

Average board tenure


CEO

Lou Melluzzo (58 yo)

4.83yrs

Tenure

US$716,550

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. From November 2003 to September 2011, Mr. Melluzzo was employ...


CEO Compensation Analysis

Lou Melluzzo's Compensation vs Air Industries Group Earnings
How has Lou Melluzzo's remuneration changed compared to Air Industries Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$2m

Mar 31 2022n/an/a

US$2m

Dec 31 2021US$717kUS$350k

US$2m

Sep 30 2021n/an/a

US$2m

Jun 30 2021n/an/a

US$2m

Mar 31 2021n/an/a

US$116k

Dec 31 2020US$575kUS$357k

US$1m

Sep 30 2020n/an/a

-US$2m

Jun 30 2020n/an/a

-US$1m

Mar 31 2020n/an/a

-US$545k

Dec 31 2019US$545kUS$324k

-US$3m

Sep 30 2019n/an/a

-US$6m

Jun 30 2019n/an/a

-US$8m

Mar 31 2019n/an/a

-US$8m

Dec 31 2018US$291kUS$280k

-US$9m

Sep 30 2018n/an/a

-US$13m

Jun 30 2018n/an/a

-US$15m

Mar 31 2018n/an/a

-US$16m

Dec 31 2017US$838kUS$81k

-US$16m

Compensation vs Market: Lou's total compensation ($USD716.55K) is about average for companies of similar size in the US market ($USD772.00K).

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


Board Members

Experienced Board: AIRI's board of directors are seasoned and experienced ( 14 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

NYSEAM:AIRI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 Dec 21BuyUS$9,400Luciano MelluzzoIndividual10,000US$0.94
06 Dec 21BuyUS$7,037Michael TaglichIndividual7,649US$0.92
15 Oct 21SellUS$780,194Richmond Brothers, Inc.Company600,149US$1.30

Ownership Breakdown

What is the ownership structure of AIRI?
Owner TypeNumber of SharesOwnership Percentage
Institutions4,750,34014.7%
Individual Insiders7,605,45223.5%
General Public20,008,87861.8%

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


Top Shareholders

Top 25 shareholders own 38.13% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.52%
Michael Taglich
4,051,334$2.7m0.56%no data
7.46%
Robert Taglich
2,415,036$1.6m0.94%no data
7.09%
Richmond Brothers, Inc.
2,295,884$1.5m-2.41%1.6%
3.62%
The Vanguard Group, Inc.
1,171,273$773.0k0%no data
1.68%
David Richmond
545,059$359.7k0%no data
1.03%
Raymond James Financial Services Advisors, Inc.
334,831$221.0k0%no data
0.74%
Taglich Private Equity, LLC
239,946$158.4k0%100%
0.59%
Michael Porcelain
191,425$126.3k10.75%no data
0.57%
Columbia Advisory Partners, LLC
184,500$121.8k258.25%0.15%
0.57%
Peter Rettaliata
182,915$120.7k7.27%no data
0.51%
Geode Capital Management, LLC
165,804$109.4k1.22%no data
0.31%
Luciano Melluzzo
100,000$66.0k0%no data
0.28%
Bridgeway Capital Management, LLC
90,000$59.4k-10%no data
0.25%
Virtu Financial LLC, Asset Management Arm
82,173$54.2k71.33%0.01%
0.19%
Michael Brand
62,504$41.3k0%no data
0.15%
David Buonanno
48,024$31.7k0%no data
0.13%
Northern Trust Global Investments
43,100$28.4k0%no data
0.084%
JFS Wealth Advisors, LLC
27,324$18.0k0%no data
0.082%
State Street Global Advisors, Inc.
26,656$17.6k0%no data
0.066%
Renaissance Technologies LLC
21,500$14.2k0%no data
0.052%
Jane Street Group, LLC, Asset Management Arm
16,705$11.0k0%no data
0.049%
Perkins Capital Management, Inc.
16,000$10.6k0%0.01%
0.034%
Citadel Advisors LLC
10,935$7.2k-63.67%no data
0.03%
Tower Research Capital LLC
9,604$6.3k29.1%no data
0.03%
BlackRock, Inc.
9,560$6.3k-87.12%no data

Company Information

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


Key Information

  • Name: Air Industries Group
  • Ticker: AIRI
  • Exchange: NYSEAM
  • Founded: 1979
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: US$21.361m
  • Shares outstanding: 32.36m
  • 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
AIRINYSEAM (NYSE MKT LLC)YesCommon StockUSUSDNov 2005
YH1NBST (Boerse-Stuttgart)YesCommon StockDEEURNov 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.