AeroVironment Inc.
Find Ratings ReportsAEROVIRONMENT INC's gross profit margin for the third quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing revenue growth, but not when comparing net income growth. AEROVIRONMENT INC is extremely liquid. Currently, the Quick Ratio is 2.95 which clearly shows the ability to cover any short-term cash needs. AVAV managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 30.80% 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 FY23 | Q3 FY22 |
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Net Sales ($mil) | 186.58 | 134.4 |
EBITDA ($mil) | 23.86 | 20.73 |
EBIT ($mil) | 14.28 | 4.89 |
Net Income ($mil) | 13.89 | -0.68 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 107.69 | 78.28 |
Total Assets ($mil) | 980.3 | 921.2 |
Total Debt ($mil) | 69.7 | 196.19 |
Equity ($mil) | 812.99 | 621.51 |
Profitability | Q3 FY23 | Q3 FY22 |
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Gross Profit Margin | 41.2 | 45.64 |
EBITDA Margin | 12.78 | 15.42 |
Operating Margin | 7.65 | 3.64 |
Sales Turnover | 0.72 | 0.53 |
Return on Assets | -10.9 | -0.92 |
Return on Equity | -13.14 | -1.36 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 4.66 | 3.36 |
Debt/Capital | 0.08 | 0.24 |
Interest Expense | 0.08 | 2.85 |
Interest Coverage | 169.99 | 1.72 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 28.14 | 25.26 |
Div / share | 0.0 | 0.0 |
EPS | 0.5 | -0.03 |
Book value / share | 28.89 | 24.6 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 319250.0 | 293076.0 |
HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 5.47 indicates a premium versus the S&P 500 average of 4.68 and a premium versus the subsector average of 4.90. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, AEROVIRONMENT INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AVAV NM | Peers 23.30 | AVAV 151.32 | Peers 20.65 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. AVAV's P/E is negative making this valuation measure meaningless. |
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. AVAV is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AVAV 45.04 | Peers 16.58 | AVAV NA | Peers 2.67 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. AVAV is trading at a significant premium to its peers. |
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. Ratio not available. |
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Price/Book |
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Earnings Growth |
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AVAV 5.47 | Peers 4.90 | AVAV -1131.42 | Peers 54.33 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AVAV is trading at a premium 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. |
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Price/Sales |
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Sales Growth |
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AVAV 6.30 | Peers 3.84 | AVAV 44.88 | Peers 19.37 | |||||||||||||||||||||
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 subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. AVAV has a sales growth rate that significantly exceeds its peers. |
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