Aerovironment Inc

Industrials
Aerospace
www.avinc.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.46B
PE 92
Debt $15.00M
Cash $68.96M
EV $4.41B
FCF $42.27M

Earnings

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Sales & Net Margins

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Earnings	$48.64M
EBIT	$50.34M
ROE	6%
ROA	5%
FCF	$42.27M
Equity	$858.40M
Growth Stability	-878%
PE	91.76
PEG	25.72
PB	5.2
P/FCF	105.6
P/S	5.86
Price/Cash	0.02
Debt/Equity	0.02
Debt/FCF	0.35
Net Margins	8%
Gross Margins	39%
Op. Margins	7%
Earnings CAGR	2%
Sales Growth YoY	4%
Sales Growth QoQ	-1%
Sales CAGR	18%
FCF CAGR	2%
Equity CAGR	9%
Earnings Stability	0.02
Earnings Growth YoY	-58%
Earnings Growth QoQ	-64%

Earnings CAGR 5Y	4%
Sales CAGR 5Y	52%
FCF CAGR 5Y	-4%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	27%
Sales CAGR 3Y	27%
FCF CAGR 3Y	30%
Equity CAGR 3Y	17%
Market Cap	$4.46B
Revenue	$761.50M
Assets	$1.02B
Total Debt	$15.00M
Cash	$68.96M
Shares Outstanding	27.87M
EV	4.41B
Earnings Score	6%
Moat Score	72%
Safety Score	66%
Final Score	48%
Working Capital	403.23M
Current Ratio	4.61
Gross Profit	$298.03M
Shares Growth 3y	5%
Equity Growth QoQ	2%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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AeroVironment Inc operates under a single business segment in which it supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States' allied international governments. The systems can help with security, surveillance, or sensing, and provide eyes in the sky without needing an actual person, or driver, in the sky.

SEC Filings

Direct access to Aerovironment Inc (AVAV) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Oct 26
- 10-Q Jul 27
- 10-K Apr 30
- 10-Q Jan 27
2023
- 10-Q Oct 28
- 10-Q Jul 29
- 10-K Apr 30
- 10-Q Jan 28
2022
- 10-Q Oct 29
- 10-Q Jul 30
- 10-K Apr 30
- 10-Q Jan 29

Sector Comparison

How does Aerovironment Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Aerovironment Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 2%

Stability 2%

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Aerovironment Inc Discounted Cash Flow

Fully customizable DCF calculator online for Aerovironment Inc.

Years

Calculation mode

= $487M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$42M	$43M	$44M	$45M	$46M	$47M	$48M	$49M	$50M	$51M	$52M	$519M
DCF		$39M	$36M	$34M	$31M	$29M	$27M	$25M	$23M	$22M	$20M	$200M
Value	$487M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	04/2015	04/2016	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Net Margins	1%	3%	5%	7%	15%	11%	6%	-1%	-33%	8%	8%
ROA	-	2%	3%	7%	11%	10%	5%	-1%	-22%	7%	5%
ROE	-	2%	3%	5%	10%	8%	4%	-1%	-32%	7%	6%

Net Margins (7.6%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	04/2015	04/2016	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Debt over FCF	-	-	-	-	-	-	2.79	-6.27	-41.09	-4.94	0.35
Debt over Equity	-	-	-	-	-	-	0.34	0.33	0.26	0.05	0.02
Growth Stability	-	-	-	100%	100%	100%	65%	-11%	-878%	-	-878%

Good Debt/FCF ratio (0.35)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.02)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-878%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	04/2015	04/2016	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	CAGR 5Y
Revenue YoY growth	-	2%	0%	2%	16%	17%	8%	13%	21%	33%	52%
Earnings YoY growth	-	210%	39%	59%	139%	-13%	-43%	-118%	4K%	-134%	4%
Equity YoY growth	-	4%	6%	7%	13%	10%	20%	-1%	-9%	49%	11%
FCF YoY growth	-	-118%	224%	-399%	-70%	-23%	442%	-142%	-89%	122%	-4%