Aerostar S.A.

ARS

Aerostar S.A. engages in the manufacture, integration, upgrade, and maintenance of aviation and ground defense systems for the civil aviation industry in Romania and internationally.It offers aerostru...

Website | Aircraft And Parts | Other

Automated Financial Analysis

🤵

Financial Advisor Insight

"Current valuation levels are elevated, suggesting the price may be ahead of fundamentals. Technicals confirm a positive long-term trend, supported by moving averages. Growth forecasts are robust, which could drive future appreciation."

Sentiment: Neutral Action: Hold

"Company demonstrates strong financial health with positive growth and stability indicators."

Strong Revenue Growth (18.5% CAGR).

Overvalued based on PE (Current: 27.3 vs Fair: 15).

Bullish Trend (SMA50 > SMA200).

Forecast: Continued Revenue Growth (~12.6% next year).

Technical Analysis

Trend Bullish (Long Term)

Last Cross

Golden Cross (1 year ago)

RSI (14) 40.8

SMA 50 18.07

SMA 200 12.80

Price Valuation

Current Price 17.15

Fair Value (PE 15) 9.43

Overvalued 45%

Graham Number 7.59

Downside 56%

Forecast

Rev Forecast (Next Yr) 661M

Growth Forecast 12.6%

📊 Market & Peer Context

Benchmark: BET

Volatility (Beta)

0.15

Less Volatile than Market

Correlation

0.07

Moves with Market

Relative Strength (1Y)

37.11%

vs Benchmark

Index Returns (1Y)

47.6%

BET

Historical Performance

Metric	5Y	3Y	1Y	YTD	6M	3M	1M	1W
ARS	110.4%	99.4%	82.1%	82.4%	73.6%	30.9%	-7.8%	-2.3%
BET	-	121.3%	47.6%	30.0%	13.9%	-6.8%	-7.5%	0.2%
Alpha (Diff)	-	-21.8%	+34.5%	+52.4%	+59.7%	+37.7%	-0.3%	-2.4%

Financial Reports

Price Chart

Volume Bollinger Bands SMA 50 SMA 200 RSI (14) MACD

Evoluție Istorică (Fundamente)

Cum au evoluat metricile cheie an de an - ca să vezi dacă ARS crește, stagnează sau se deteriorează, nu doar cum arată azi.

Indicator	2021	2022	2023	2024	2025	2026 TTM	2026 TTM	Tendință
P/E Ratio ⓘ	20.96	12.99	14.32	13.49	14.60	23.46	19.67	▲ -1.29
ROE ⓘ	14.95%	19.73%	17.79%	16.33%	14.74%	16.89%	20.03%	▲ +5.07%
Randament Dividend ⓘ	2.06%	2.60%	2.60%	3.00%	3.83%	1.92%	1.96%	▼ -0.10%
Datorie / Capital Propriu ⓘ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	▲ 0.00

Precizie Prognoză (Istoric)

Cât de aproape au fost estimările trecute de creștere/valoare justă față de ce s-a întâmplat de fapt.

Colectăm date din 15.08.2026 - prima comparație va fi posibilă din 2025, când apare raportul anual real pentru acel an.

financial report

Annual Data

Metric	TTM	TTM	2025	2024	2023
Fiscal Year	2,026	2,026	2,025	2,024	2,023
Fiscal Quarter	Q2	Q1	Q4	Q4	Q4
Marketcap	2,725,766,355	2,771,449,590	1,431,408,030	1,291,312,776	1,332,427,688
Enterprise Value	2,380,338,355	2,416,840,590	1,132,048,030	1,033,491,776	1,108,187,687
Last Close Ratios	1,790.00%	1,820.00%	913.25%	800.05%	806.96%
Pe	19.67	23.46	14.60	13.49	14.32
PS Ratio	3.89	4.27	2.30	2.20	2.62
PB Ratio	3.61	3.66	2.02	2.08	2.41
P/TBV Ratio	3.62	3.66	2.02	2.09	2.42
P/FCF Ratio	34.51	36.72	21.38	113.61	122.57
P/OCF Ratio	29.14	30.89	17.80	33.70	39.53
Evrevenue	3.40	3.72	1.82	1.76	2.18
EV/EBITDA Ratio	14.98	17.02	9.13	9.13	10.57
EV/EBIT Ratio	18.17	21.33	11.93	11.97	14.03
EV/FCF Ratio	30.14	32.02	16.91	90.93	101.94
Debtequity	0.00	0.00	0.00	0.00	0.00
Debt / EBITDA Ratio	0.01	0.01	0.01	0.01	0.01
Debt / FCF Ratio	0.02	0.02	0.02	0.13	0.14
Net Debt / Equity Ratio	-0.46	-0.47	-0.44	-0.42	-0.44
Net Debt / EBITDA Ratio	-2.17	-2.50	-2.52	-2.29	-2.33
Net Debt / FCF Ratio	-4.37	-4.70	-4.66	-22.78	-22.47
Asset Turnover	80.70%	72.60%	72.70%	75.20%	69.60%
Inventory Turnover	146.60%	139.90%	133.20%	136.30%	155.80%
Quick Ratio	4.49	4.38	3.99	3.11	3.04
Current Ratio	6.58	6.21	5.90	4.85	4.50
Roe	20.03%	16.89%	14.74%	16.33%	17.79%
Return on Assets (ROA)	9.43%	7.93%	6.92%	6.92%	6.76%
Return on Invested Capital (ROIC)	28.46%	25.24%	22.57%	23.58%	27.23%
Return on Capital Employed (ROCE)	0.16	0.14	0.12	0.12	0.12
Earningsyield	5.09%	4.26%	6.85%	7.41%	6.98%
FCF Yield	2.90%	2.72%	4.68%	0.88%	0.82%
Dividend Yield	1.96%	1.92%	3.83%	3.00%	2.60%
Payout Ratio	36.66%	29.88%	35.94%	32.27%	28.35%
Totalreturn	1.96%	1.86%	3.83%	3.00%	2.60%

Balance Sheet

Annual Data

Metric	TTM	2024	2023	2022	2021
Fiscal Year	2,025	2,024	2,023	2,022	2,021
Fiscal Quarter	Q3	Q4	Q4	Q4	Q4
Cash & Equivalents	300,835,000	260,403,000	245,792,000	246,173,000	274,471,000
Totalcash	300,835,000	260,403,000	245,792,000	246,173,000	274,471,000
Cash Growth	16.02%	5.94%	-0.16%	-10.31%	35.43%
Accounts Receivable	94,753,000	102,803,000	84,889,000	80,681,000	56,371,000
Other Receivables	4,099,000	7,969,000	5,548,000	3,301,000	3,430,000
Receivables	98,852,000	110,772,000	90,437,000	83,982,000	59,801,000
Inventory	200,765,000	206,205,000	161,042,000	130,610,000	98,770,000
Prepaid Expenses	1,533,000	1,049,000	789,000	617,000	579,000
Other Current Assets	-	-	-	-	-
Assetsc	601,985,000	578,429,000	498,060,000	461,382,000	433,621,000
Property, Plant & Equipment	149,873,000	161,468,000	161,233,000	167,929,000	165,687,000
Long-Term Investments	54,296,000	46,089,000	57,688,000	58,989,000	52,000
Other Intangible Assets	1,600,000	1,788,000	1,808,000	859,000	688,000
Other Long-Term Assets	6,126,000	6,642,000	7,340,000	6,554,000	6,395,000
Assets	832,035,000	814,519,000	746,445,000	713,762,000	622,231,000
Accounts Payable	26,041,000	47,448,000	34,335,000	33,616,000	23,761,000
Accrued Expenses	12,798,000	20,369,000	17,123,000	18,279,000	16,163,000
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	3,130,000	7,000	-	269,000	2,224,000
Current Unearned Revenue	16,217,000	13,869,000	16,286,000	13,887,000	4,988,000
Other Current Liabilities	30,191,000	37,601,000	43,002,000	33,544,000	24,356,000
Total Current Liabilities	88,377,000	119,294,000	110,746,000	99,595,000	71,492,000
Long-Term Leases	1,475,000	1,467,000	1,490,000	1,503,000	1,525,000
Long-Term Unearned Revenue	521,000	724,000	1,550,000	2,008,000	3,025,000
Long-Term Deferred Tax Liabilities	32,005,000	28,834,000	25,191,000	21,676,000	19,418,000
Other Long-Term Liabilities	43,941,000	43,866,000	55,511,000	95,271,000	105,383,000
Total Liabilities	166,319,000	194,185,000	194,488,000	220,053,000	200,843,000
Common Stock	48,729,000	48,729,000	48,729,000	48,729,000	48,729,000
Retained Earnings	118,712,000	131,368,000	116,681,000	133,250,000	105,428,000
Comprehensive Income & Other	498,275,000	440,237,000	386,547,000	311,730,000	267,231,000
Equity	665,716,000	620,334,000	551,957,000	493,709,000	421,388,000
Total Liabilities & Equity	832,035,000	814,519,000	746,445,000	713,762,000	622,231,000
Filing Date Shares Outstanding	152,277,450	152,277,450	152,277,450	152,277,450	152,277,450
Total Common Shares Outstanding	152,277,450	152,277,450	152,277,450	152,277,450	152,277,450
Book Value Per Share	4.37	4.07	3.62	3.24	2.77
Tangible Book Value	664,116,000	618,546,000	550,149,000	492,850,000	420,700,000
Tangible Book Value Per Share	4.36	4.06	3.61	3.24	2.76
Total Debt	1,475,000	1,467,000	1,490,000	1,503,000	1,525,000
Net Cash (Debt)	299,360,000	258,936,000	244,302,000	244,670,000	272,946,000
Net Cash Growth	16.11%	5.99%	-0.15%	-10.36%	34.68%
Netcashpershare	1.97	1.70	1.60	1.61	1.79
Working Capital	513,608,000	459,135,000	387,314,000	361,787,000	362,129,000
Land	31,171,000	31,171,000	30,894,000	29,534,000	29,266,000
Buildings	102,647,000	101,423,000	98,349,000	96,634,000	95,193,000
Machinery	262,610,000	255,207,000	234,955,000	206,473,000	197,732,000
Construction In Progress	1,629,000	1,680,000	727,000	15,179,000	1,452,000
Long-Term Deferred Tax Assets	18,155,000	20,103,000	20,316,000	18,049,000	15,788,000

Cash Flow Statement

Annual Data

Metric	TTM	2024	2023	2022	2021
Fiscal Year	2,025	2,024	2,023	2,022	2,021
Fiscal Quarter	Q3	Q4	Q4	Q4	Q4
Net Income	107,731,000	95,725,000	93,028,000	90,273,000	59,940,000
Depreciation & Amortization	29,297,000	27,110,000	25,946,000	24,105,000	25,794,000
Other Operating Activities	-81,418,000	-84,517,000	-85,270,000	-50,952,000	5,825,000
Ncfo	55,610,000	38,318,000	33,704,000	63,426,000	91,559,000
Ocf Growth	-22.59%	13.69%	-46.86%	-30.73%	62.83%
Capex	-13,626,000	-26,952,000	-22,833,000	-31,255,000	-7,246,000
Investment in Securities	19,782,000	20,468,000	-2,370,000	-51,916,000	-
Other Investing Activities	16,955,000	12,983,000	18,687,000	12,452,000	2,641,000
Ncfi	23,111,000	6,499,000	-6,516,000	-70,719,000	-4,566,000
Common Dividends Paid	-35,257,000	-30,893,000	-26,370,000	-21,991,000	-17,568,000
Other Financing Activities	-	-	-	-	-
Financing Cash Flow	-35,257,000	-30,893,000	-26,370,000	-21,991,000	-17,568,000
Net Cash Flow	41,546,000	14,611,000	-381,000	-28,298,000	71,811,000
Free Cash Flow	41,984,000	11,366,000	10,871,000	32,171,000	84,313,000
Free Cash Flow Growth	4.71%	4.55%	-66.21%	-61.84%	744.82%
Fcf Margin	6.93%	1.94%	2.14%	6.86%	22.30%
Fcfps	0.28	0.08	0.07	0.21	0.55
Levered Free Cash Flow	17,044,500	-3,090,125	26,554,375	28,251,500	71,405,875
Unlevered Free Cash Flow	17,062,625	-3,071,375	26,573,125	28,270,250	71,424,625
Cash Income Tax Paid	8,773,000	9,256,000	6,969,000	13,676,000	6,005,000
Foreign Exchange Rate Adjustments	-1,918,000	687,000	-1,199,000	986,000	2,386,000
Sale of Property, Plant & Equipment	-	-	-	-	39,000

Income Statement

Annual Data

Metric	TTM	2024	2023	2022	2021
Fiscal Year	2,025	2,024	2,023	2,022	2,021
Fiscal Quarter	Q3	Q4	Q4	Q4	Q4
Revenue	606,149,000	587,005,000	509,039,000	469,116,000	378,138,000
Revenue Growth	6.86%	15.32%	8.51%	24.06%	27.13%
Operating Revenue	604,923,000	585,342,000	507,171,000	467,442,000	376,844,000
Other Revenue	1,226,000	1,663,000	1,868,000	1,674,000	1,294,000
Cost of Revenue	259,773,000	250,353,000	227,136,000	172,463,000	115,261,000
Gp	346,376,000	336,652,000	281,903,000	296,653,000	262,877,000
Selling, General & Admin	234,302,000	232,532,000	198,584,000	166,572,000	140,003,000
Other Operating Expenses	-18,483,000	-9,359,000	-21,616,000	4,574,000	20,711,000
Operating Expenses	245,031,000	250,283,000	202,914,000	195,251,000	186,508,000
Operating Income	101,345,000	86,369,000	78,989,000	101,402,000	76,369,000
Interest Expense	-29,000	-30,000	-30,000	-30,000	-30,000
Interest & Investment Income	16,687,000	15,465,000	18,296,000	14,169,000	2,595,000
Currency Exchange Gain (Loss)	-2,365,000	2,179,000	-1,101,000	2,153,000	3,262,000
Other Non Operating Income (Expenses)	822,000	826,000	1,026,000	1,164,000	1,697,000
EBT Excluding Unusual Items	116,460,000	104,809,000	97,180,000	118,858,000	83,893,000
Gain (Loss) on Sale of Investments	3,620,000	-	-	-19,187,000	-14,245,000
Pretax Income	120,080,000	104,809,000	96,956,000	99,671,000	69,648,000
Income Tax Expense	12,349,000	9,084,000	3,928,000	9,398,000	9,708,000
Net Income	107,731,000	95,725,000	93,028,000	90,273,000	59,940,000
Net Income to Common	107,731,000	95,725,000	93,028,000	90,273,000	59,940,000
Net Income Growth	18.72%	2.90%	3.05%	50.61%	55.92%
Shares Basic	152,277,450	152,277,450	152,277,450	152,277,450	152,277,450
Shares Outstanding (Diluted)	152,277,450	152,277,450	152,277,450	152,277,450	152,277,450
Eps Basic	0.71	0.63	0.61	0.59	0.39
EPS (Diluted)	0.71	0.63	0.61	0.59	0.39
EPS Growth	18.72%	2.90%	3.05%	50.61%	55.92%
Free Cash Flow	41,984,000	11,366,000	10,871,000	32,171,000	84,313,000
Free Cash Flow Per Share	0.28	0.08	0.07	0.21	0.55
Dps	0.24	0.24	0.21	0.18	0.15
Dividend Growth	14.29%	14.29%	16.67%	20.00%	25.00%
Gross Margin	57.14%	57.35%	55.38%	63.24%	69.52%
Operating Margin	16.72%	14.71%	15.52%	21.62%	20.20%
Profit Margin	17.77%	16.31%	18.28%	19.24%	15.85%
Free Cash Flow Margin	6.93%	1.94%	2.14%	6.86%	22.30%
Effective Tax Rate	0.10	0.09	0.04	0.09	0.14
EBITDA	130,600,000	113,438,000	104,895,000	125,467,000	102,124,000
D&A For EBITDA	29,255,000	27,069,000	25,906,000	24,065,000	25,755,000
EBITDA Margin	21.55%	19.33%	20.61%	26.75%	27.01%
EBIT	101,345,000	86,369,000	78,989,000	101,402,000	76,369,000
EBIT Margin	16.72%	14.71%	15.52%	21.62%	20.20%
Revenue as Reported	636,122,000	633,346,000	533,062,000	473,783,000	382,507,000
Legal Settlements	-	-	-224,000	-	-
Payoutratio	32.73%	32.27%	28.35%	24.36%	29.31%

Ratios and Metrics

Annual Data

Metric	TTM	2024	2023	2022	2021
Fiscal Year	2,025	2,024	2,023	2,022	2,021
Fiscal Quarter	Q3	Q4	Q4	Q4	Q4
Marketcap	1,385,724,795	1,291,312,776	1,332,427,688	1,172,536,365	1,256,288,963
Market Cap Growth	0.89%	-3.09%	13.64%	-6.67%	92.76%
Enterprise Value	1,086,364,795	1,033,491,776	1,108,187,687	941,724,365	1,017,578,962
Last Close Ratios	910.00%	823.48%	830.59%	713.95%	750.42%
Pe	12.86	13.49	14.32	12.99	20.96
PS Ratio	2.29	2.20	2.62	2.50	3.32
PB Ratio	2.08	2.08	2.41	2.38	2.98
P/TBV Ratio	2.09	2.09	2.42	2.38	2.99
P/FCF Ratio	33.01	113.61	122.57	36.45	14.90
P/OCF Ratio	24.92	33.70	39.53	18.49	13.72
EV/Sales Ratio	1.79	1.76	2.18	2.01	2.69
EV/EBITDA Ratio	8.32	9.11	10.57	7.51	9.96
EV/EBIT Ratio	10.72	11.97	14.03	9.29	13.33
EV/FCF Ratio	25.88	90.93	101.94	29.27	12.07
Debt / Equity Ratio	0.00	0.00	0.00	0.00	0.00
Debt / EBITDA Ratio	0.01	0.01	0.01	0.01	0.01
Debt / FCF Ratio	0.04	0.13	0.14	0.05	0.02
Asset Turnover	75.20%	75.20%	69.70%	70.20%	64.70%
Inventory Turnover	133.10%	136.30%	155.80%	150.40%	117.80%
Quick Ratio	4.52	3.11	3.04	3.32	4.68
Current Ratio	6.81	4.85	4.50	4.63	6.07
Roe	17.23%	16.33%	17.79%	19.73%	14.95%
Return on Assets (ROA)	7.86%	6.92%	6.76%	9.49%	8.17%
Return on Capital (ROIC)	10.11%	9.19%	9.42%	13.81%	11.88%
Return on Capital Employed (ROCE)	0.14	0.12	0.12	0.17	0.14
Earningsyield	7.77%	7.41%	6.98%	7.70%	4.77%
FCF Yield	3.03%	0.88%	0.82%	2.74%	6.71%
Dividend Yield	2.64%	2.91%	2.53%	2.52%	2.00%
Payout Ratio	32.73%	32.27%	28.35%	24.36%	29.31%
Totalreturn	2.64%	2.91%	2.53%	2.52%	2.00%

Price History

Dec 20, 2018 — Sep 30, 2026 1825 Records

Date	Open	High	Low	Close	Volume
2026-09-30	17.00	17.85	17.00	17.15	3,644
2026-09-29	17.00	17.00	16.40	16.90	3,591
2026-09-28	17.60	17.80	16.50	17.35	11,662
2026-09-27	17.50	17.50	17.15	17.40	1,782
2026-09-24	17.60	17.60	17.00	17.55	4,394
2026-09-23	17.60	17.90	17.00	17.60	3,712
2026-09-22	17.60	17.90	17.60	17.60	2,508
2026-09-21	17.95	17.95	17.25	17.35	2,505
2026-09-20	17.30	17.95	17.30	17.90	4,632
2026-09-17	17.30	17.30	16.80	16.95	7,484
2026-09-16	17.65	17.70	17.35	17.35	1,986
2026-09-15	18.05	18.10	17.65	17.65	1,614
2026-09-14	18.00	18.05	17.60	17.60	867
2026-09-13	17.80	18.10	17.35	17.55	3,800
2026-09-10	18.40	18.45	17.80	17.85	2,355
2026-09-09	18.65	18.65	18.40	18.50	1,033
2026-09-08	18.50	18.65	18.40	18.60	1,459
2026-09-07	18.60	18.70	18.40	18.65	2,674
2026-09-06	19.00	19.00	18.30	18.70	4,497
2026-09-03	18.70	18.95	18.30	18.70	2,759
2026-09-02	17.95	19.10	17.75	18.60	4,766
2026-09-01	17.45	17.75	17.20	17.75	4,278
2026-08-30	18.80	18.90	18.00	18.45	4,370
2026-08-27	18.80	19.00	18.30	18.90	50,169
2026-08-25	19.10	19.10	18.80	19.00	3,612
2026-08-24	19.60	19.60	19.00	19.10	5,801
2026-08-23	19.65	19.70	19.10	19.60	5,035
2026-08-20	19.30	19.70	19.00	19.70	3,720
2026-08-19	19.60	19.65	19.20	19.30	5,300
2026-08-18	19.80	19.80	19.20	19.65	6,207
2026-08-17	19.80	19.95	19.10	19.70	5,499
2026-08-16	18.85	19.80	18.50	19.80	16,071
2026-08-13	18.25	18.30	18.05	18.25	2,888
2026-08-12	18.45	18.55	17.90	18.10	5,860
2026-08-11	18.55	18.55	18.20	18.20	2,368
2026-08-10	18.50	19.00	18.10	18.30	7,803
2026-08-09	18.95	19.00	18.50	18.50	1,498
2026-08-06	19.20	19.20	18.10	18.55	6,145
2026-08-05	19.40	19.95	19.00	19.20	11,836
2026-08-04	19.40	19.90	19.30	19.50	9,568
2026-08-03	18.20	19.40	18.20	19.40	10,003
2026-08-02	18.00	18.10	18.00	18.10	3,401
2026-07-30	17.95	18.05	17.50	18.00	7,044
2026-07-29	18.20	18.20	17.70	17.95	11,952
2026-07-28	18.80	19.00	18.00	18.20	20,281
2026-07-27	17.80	20.30	17.00	18.80	32,209
2026-07-26	15.85	17.70	15.80	17.70	38,209
2026-07-23	13.40	15.40	13.10	15.40	34,578
2026-07-22	13.40	13.40	13.00	13.40	3,152
2026-07-21	13.30	13.40	12.80	13.30	4,853

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