Astronics Financials

ATRO Stock  USD 16.04  0.38  2.43%   
Based on the key indicators related to Astronics' liquidity, profitability, solvency, and operating efficiency, Astronics is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in December. At this time, Astronics' Net Debt is very stable compared to the past year. As of the 28th of November 2024, Non Currrent Assets Other is likely to grow to about 8.8 M, while Retained Earnings are likely to drop about 108.2 M. Key indicators impacting Astronics' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.970.6742
Way Up
Very volatile
Current Ratio3.272.7194
Fairly Up
Very volatile
Investors should never underestimate Astronics' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Astronics' cash flow, debt, and profitability to make informed and accurate decisions about investing in Astronics.

Net Income

(25.1 Million)

  
Understanding current and past Astronics Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Astronics' financial statements are interrelated, with each one affecting the others. For example, an increase in Astronics' assets may result in an increase in income on the income statement.

Astronics Stock Summary

Astronics competes with Ducommun Incorporated, Innovative Solutions, National Presto, Park Electrochemical, and VSE. Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company was incorporated in 1968 and is headquartered in East Aurora, New York. Astronics operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 2100 people.
Specialization
Industrials, Aerospace & Defense
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS0464331083
CUSIP046433108
LocationNew York; U.S.A
Business Address130 Commerce Way,
SectorAerospace & Defense
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.astronics.com
Phone716 805 1599
CurrencyUSD - US Dollar

Astronics Key Financial Ratios

Astronics Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets782.7M619.7M609.1M615.0M633.8M665.5M
Other Current Liab48.7M37.7M49.6M63.4M43.1M45.2M
Net Debt156.3M132.6M133.2M150.2M192.9M202.6M
Retained Earnings428.6M312.8M287.2M240.4M209.8M108.2M
Cash31.9M40.4M29.8M13.8M4.8M4.5M
Net Receivables148.0M93.1M107.4M147.8M172.1M180.7M
Inventory145.8M157.1M157.6M188.0M191.8M201.4M
Total Liab393.9M349.4M352.5M375.1M384.3M403.5M
Total Current Assets343.1M316.9M339.9M365.3M389.8M409.3M
Short Term Debt224K5.0M6.8M8.9M14.1M14.8M
Other Current Assets15.9M26.4M45.1M15.7M21.1M22.2M
Accounts Payable35.8M26.4M34.9M64.2M61.1M64.2M
Common Stock345K347K353K354K373K208.8K
Other Liab61.3M82.6M70.9M54.0M62.1M65.2M
Other Assets28.8M28.0M96.3M37.4M43.0M45.1M
Long Term Debt188M173M163M159.5M159.2M103.7M
Good Will125.0M145.0M58.3M58.2M58.2M52.1M
Intangible Assets127.3M109.9M94.3M79.3M65.4M56.4M
Net Tangible Assets116.6M102.2M104.0M102.5M117.8M87.8M
Long Term Debt Total188M173M163M159.5M183.4M188.5M
Capital Surpluse76.3M82.2M92.0M98.6M113.4M74.0M

Astronics Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense6.1M6.7M6.8M9.4M23.3M24.5M
Total Revenue772.7M502.6M444.9M534.9M689.2M723.7M
Gross Profit156.1M96.8M65.4M71.5M120.8M126.8M
Operating Income12.8M(18.7M)(33.7M)(30.0M)(6.7M)(6.3M)
Ebit(22.1M)(17.4M)(38.9M)(30.0M)(9.3M)(8.9M)
Ebitda(21.9M)19.0M(4.7M)(2.3M)16.8M24.1M
Cost Of Revenue616.6M405.7M379.5M463.4M568.4M596.8M
Income Before Tax68.3M(112.4M)(27.0M)(29.8M)(26.3M)(25.0M)
Net Income52.0M(115.8M)(25.6M)(35.7M)(26.4M)(25.1M)
Income Tax Expense16.3M3.4M(1.4M)6.0M110K104.5K
Research Development108.9M86.8M85.3M48.3M53.5M63.4M
Tax Provision16.3M3.4M(1.4M)6.0M5.1M7.8M
Net Interest Income(6.1M)(6.7M)(6.8M)(9.4M)(21.0M)(19.9M)

Astronics Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash15.3M8.5M(10.7M)(16.0M)(2.5M)(2.3M)
Free Cash Flow30.6M29.9M(11.6M)(36.0M)(31.6M)(30.0M)
Depreciation33.0M31.9M29.0M27.8M26.1M27.4M
Other Non Cash Items(33.4M)104.4M7.9M6.3M20.6M21.6M
Capital Expenditures12.1M7.5M6.0M7.7M7.6M7.6M
Net Income52.0M(115.8M)(25.6M)(35.7M)(26.4M)(25.1M)
End Period Cash Flow31.9M40.4M29.8M13.8M11.3M11.6M
Change To Inventory(12.7M)(13.6M)(5.2M)(34.1M)(13.3M)(12.6M)
Change To Netincome(50.5M)111.1M14.0M(1.2M)(1.4M)(1.3M)
Change Receivables34.1M53.9M(14.8M)(41.6M)(37.5M)(35.6M)
Net Borrowings(39.1M)(15.6M)(10.9M)(1.4M)(1.6M)(1.7M)
Investments64.6M(5.8M)3.2M14.4M(5.9M)(6.2M)

Astronics Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Astronics's current stock value. Our valuation model uses many indicators to compare Astronics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Astronics competition to find correlations between indicators driving Astronics's intrinsic value. More Info.
Astronics is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Astronics' Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Astronics' earnings, one of the primary drivers of an investment's value.

Astronics Systematic Risk

Astronics' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Astronics volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Astronics correlated with the market. If Beta is less than 0 Astronics generally moves in the opposite direction as compared to the market. If Astronics Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Astronics is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Astronics is generally in the same direction as the market. If Beta > 1 Astronics moves generally in the same direction as, but more than the movement of the benchmark.

Astronics Thematic Clasifications

Astronics is part of several thematic ideas from Aircraft to Military Industrial. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Astronics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Astronics' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Astronics growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.43

At this time, Astronics' Price Earnings To Growth Ratio is very stable compared to the past year.

Astronics November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Astronics help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Astronics. We use our internally-developed statistical techniques to arrive at the intrinsic value of Astronics based on widely used predictive technical indicators. In general, we focus on analyzing Astronics Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Astronics's daily price indicators and compare them against related drivers.
When determining whether Astronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Astronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astronics Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Astronics Stock, please use our How to Invest in Astronics guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astronics. If investors know Astronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.93)
Earnings Share
(0.16)
Revenue Per Share
22.48
Quarterly Revenue Growth
0.25
Return On Assets
0.0218
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astronics' market value can be influenced by many factors that don't directly affect Astronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Astronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.