NYSEAM:AIRI

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$39.1m

Last Updated

2021/06/19 22:06 UTC

Data Sources

Company Financials +

Executive Summary

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for prime defense contractors in the aerospace industry in the United States. More Details


Snowflake Analysis

Reasonable growth potential with questionable track record.


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

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

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


Market Performance


7 Day Return

-3.9%

AIRI

-2.8%

US Aerospace & Defense

-1.9%

US Market


1 Year Return

5.2%

AIRI

24.0%

US Aerospace & Defense

38.2%

US Market

Return vs Industry: AIRI underperformed the US Aerospace & Defense industry which returned 22.9% over the past year.

Return vs Market: AIRI underperformed the US Market which returned 39.4% over the past year.


Shareholder returns

AIRIIndustryMarket
7 Day-3.9%-2.8%-1.9%
30 Day-0.8%0.9%1.1%
90 Day-22.3%8.2%4.3%
1 Year5.2%5.2%26.6%24.0%40.4%38.2%
3 Year-31.5%-31.5%28.9%2.5%57.5%47.8%
5 Year-73.3%-73.3%85.0%39.1%127.2%101.7%

Long-Term 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 compared to its fair value and its price relative to the market?

327.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AIRI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AIRI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AIRI is poor value based on its PE Ratio (327.5x) compared to the US Aerospace & Defense industry average (33.9x).

PE vs Market: AIRI is poor value based on its PE Ratio (327.5x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: AIRI is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: AIRI is good value based on its PB Ratio (2.6x) compared to the US Aerospace & Defense industry average (2.7x).


Future Growth

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

110.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIRI's forecast earnings growth (110.3% per year) is above the savings rate (2%).

Earnings vs Market: AIRI's earnings (110.3% per year) are forecast to grow faster than the US market (15.7% per year).

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

Revenue vs Market: AIRI's revenue (15.7% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: AIRI's revenue (15.7% 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


Past Performance

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

26.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIRI has a large one-off gain of $2.5M impacting its March 31 2021 financial results.

Growing Profit Margin: AIRI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AIRI has become profitable over the past 5 years, growing earnings by 26.9% per year.

Accelerating Growth: AIRI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AIRI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (-6.2%).


Return on Equity

High ROE: AIRI's Return on Equity (0.8%) is considered low.


Financial Health

How is Air Industries Group's financial position?


Financial Position Analysis

Short Term Liabilities: AIRI's short term assets ($43.9M) exceed its short term liabilities ($26.9M).

Long Term Liabilities: AIRI's short term assets ($43.9M) exceed its long term liabilities ($15.3M).


Debt to Equity History and Analysis

Debt Level: AIRI's debt to equity ratio (175.4%) is considered high.

Reducing Debt: AIRI's debt to equity ratio has increased from 144.2% to 175.4% over the past 5 years.

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

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


Balance Sheet


Dividend

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


Dividend Yield vs Market

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AIRI'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?

12.7yrs

Average board tenure


CEO

Lou Melluzzo (56 yo)

3.58yrs

Tenure

US$574,531

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

Compensation vs Market: Lou's total compensation ($USD574.53K) is about average for companies of similar size in the US market ($USD528.84K).

Compensation vs Earnings: Lou's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: AIRI's board of directors are seasoned and experienced ( 12.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AIRI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.


Top Shareholders

Company Information

Air Industries Group's company bio, 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
  • Market Cap: US$39.086m
  • Shares outstanding: 32.04m
  • Website: https://www.airindustriesgroup.com

Number of Employees


Location

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

Listings


Biography

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for prime defense contractors in the aerospace industry in the United States. The co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/19 22:06
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.