AEROVIRONMENT INC's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. AEROVIRONMENT INC is extremely liquid. Currently, the Quick Ratio is 5.76 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.98% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||68.4||69.22|
|Net Income ($mil)||2.33||11.22|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||203.56||167.58|
|Total Assets ($mil)||386.47||366.88|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||42.48||42.4|
|Return on Assets||1.0||1.32|
|Return on Equity||1.13||1.49|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||23.33||22.77|
|Div / share||0.0||0.0|
|Book value / share||14.61||14.26|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||138443.0||208215.0|
HOLD. AEROVIRONMENT INC's P/E ratio indicates a significant premium compared to an average of 20.67 for the Aerospace & Defense industry and a significant premium compared to the S&P 500 average of 20.65. To use another comparison, its price-to-book ratio of 1.80 indicates a discount versus the S&P 500 average of 2.85 and a significant discount versus the industry average of 9.61. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, AEROVIRONMENT INC seems to be trading at a premium to investment alternatives within the industry.
|AVAV 164.50||Peers 20.67||AVAV 15.73||Peers 15.90|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
AVAV is trading at a significant premium to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
AVAV is trading at a valuation on par to its peers.
|AVAV 75.20||Peers 17.98||AVAV NM||Peers 3.05|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
AVAV's negative PEG ratio makes this valuation measure meaningless.
|AVAV 1.80||Peers 9.61||AVAV -20.00||Peers 17.12|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
AVAV is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, AVAV is expected to significantly trail its peers on the basis of its earnings growth rate.
|AVAV 2.49||Peers 1.66||AVAV 6.07||Peers 2.43|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
AVAV is trading at a significant premium to its industry.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
AVAV has a sales growth rate that significantly exceeds its peers.
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