-1.03 | -1.56%
B/E AEROSPACE INC's gross profit margin for the first quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. B/E AEROSPACE INC has average liquidity. Currently, the Quick Ratio is 1.22 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 13.91% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 842.2 | 747.3 |
| EBITDA ($mil) | 178.1 | 151.2 |
| EBIT ($mil) | 157.7 | 134.1 |
| Net Income ($mil) | 89.9 | 68.8 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 531.5 | 419.8 |
| Total Assets ($mil) | 5246.1 | 4532.4 |
| Total Debt ($mil) | 1960.1 | 1745.5 |
| Equity ($mil) | 2237.6 | 1964.3 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 40.31 | 40.22 |
| EBITDA Margin | 21.14 | 20.23 |
| Operating Margin | 18.72 | 17.94 |
| Sales Turnover | 0.61 | 0.58 |
| Return on Assets | 4.85 | 5.43 |
| Return on Equity | 11.38 | 12.53 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 3.5 | 3.76 |
| Debt/Capital | 0.47 | 0.47 |
| Interest Expense | 30.6 | 28.4 |
| Interest Coverage | 5.15 | 4.72 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 104.73 | 103.91 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.87 | 0.67 |
| Book value / share | 21.37 | 18.9 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 911289.0 | 792744.0 |
BUY. B/E AEROSPACE INC's P/E ratio indicates a premium compared to an average of 17.95 for the Aerospace & Defense industry and a premium compared to the S&P 500 average of 18.91. Conducting a second comparison, its price-to-book ratio of 2.98 indicates a premium versus the S&P 500 average of 2.42 and a significant discount versus the industry average of 12.93. 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, B/E AEROSPACE INC seems to be trading at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BEAV 25.76 | Peers 17.95 | BEAV 18.21 | Peers 13.19 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. BEAV is trading at a significant premium to its peers. |
Premium. 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. BEAV is trading at a significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| BEAV 15.06 | Peers 15.20 | BEAV 0.47 | Peers 1.32 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. BEAV is trading at a premium to its peers. |
Discount. 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. BEAV trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| BEAV 2.98 | Peers 12.93 | BEAV 2.48 | Peers 4.78 | |||||||||||||||||||||
|
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. BEAV 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, BEAV is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| BEAV 2.10 | Peers 1.43 | BEAV 20.14 | Peers 6.11 | |||||||||||||||||||||
|
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. BEAV 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. BEAV has a sales growth rate that significantly exceeds its peers. |
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