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

"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).
Bullish Trend (SMA50 > SMA200).
Forecast: Continued Revenue Growth (~12.6% next year).

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (9 months ago)
RSI (14) 61.2
SMA 50 9.33
SMA 200 9.12

Price Valuation

Current Price 9.60
Fair Value (PE 15) 9.43
Overvalued 2%
Graham Number 7.59
Downside 21%

Forecast

Rev Forecast (Next Yr) 661M
Growth Forecast 12.6%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
-0.01
Less Volatile than Market
Correlation
-0.01
Moves with Market
Relative Strength (1Y)
-47.45%
vs Benchmark
Index Returns (1Y)
69.4%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
ARS 111.5% 26.3% 5.7% 2.1% 4.8% -3.6% 0.0% 0.0%
BET - 132.5% 69.4% 18.5% 33.0% 6.9% 2.4% 1.8%
Alpha (Diff) - -106.2% -63.6% -16.4% -28.2% -10.5% -2.4% -1.8%

Financial Reports

Price Chart

Sector: Other

Based on Market Cap
LEADER
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INFINITY
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SFG
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ARS
Aerostar S.A.
1,462M
SOCP
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1,187M
GREEN
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1,111M
ALR
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WINE
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BVB
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SIDG
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IARV
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GSH
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SCDM
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RCHI
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FOSB
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PPLI
Professional Imo Partners S.A.
232M

ETAPA 1 • MUST HAVE

5/8
Healthy Leverage (Debt/Equity)
0.00
Target: < 1.5
Gross Margin vs Industry
0.0% vs 0.0%
Target: > 0.0%
Operating Cash Flow vs Profit
0%
Target: > 1.0
Free Cash Flow vs Profit
12%
Target: > 0.8
ROIC (Return on Capital)
9.19%
Target: Positive
ROIC vs WACC
ROIC: 9.2% / WACC: 43,831.5%
Target: > WACC
ROE (Return on Equity)
16.3%
Target: > 10%
EBITDA Positive
113.44M
Target: > 0

ETAPA 2 • CRITERII

6/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 16.3%
Passed
ROA vs Industry
Target: > 3.6% • 6.9%
Passed
Current Ratio
Target: > 1.5 • 4.85
Passed
Assets Growth (5y)
Target: > 0% • 10.5% CAGR
Passed
FCF CAGR (5y)
Target: > 5% • 3.3%
Miss
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 0.01
Passed
Revenue CAGR (5y)
Target: > 5% • 18.5%
Passed

SNAPSHOT COMPANIE

Capitalizare
1.46B RON
EBITDA
113.44M
P/E Ratio
15.27
PEG Ratio
0.82
Dividend Yield
2.91%
Beta
-0.01
Valoare Intrinsecă (Graham)
7.59 RON
Discount
-20.9%

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

Feb 14, 2018 — Jan 26, 2026 1825 Records
Date Open High Low Close Volume
2026-01-26 9.66 9.68 9.52 9.60 2,565
2026-01-25 9.66 9.66 9.50 9.64 3,051
2026-01-24 9.68 9.68 9.60 9.66 475
2026-01-22 9.68 9.68 9.60 9.66 475
2026-01-21 9.64 9.88 9.58 9.66 5,372
2026-01-20 9.78 9.78 9.60 9.64 3,899
2026-01-19 9.92 9.96 9.68 9.80 6,002
2026-01-18 9.96 9.96 9.50 9.80 5,235
2026-01-15 9.70 10.30 9.70 9.96 24,491
2026-01-14 9.40 9.70 9.40 9.70 7,421
2026-01-13 9.28 9.40 9.22 9.40 8,334
2026-01-12 9.32 9.38 9.26 9.38 4,268
2026-01-11 9.32 9.38 9.26 9.38 4,808
2026-01-09 9.40 9.40 9.30 9.38 3,544
2026-01-08 9.40 9.40 9.30 9.38 3,544
2026-01-07 9.32 9.40 9.28 9.36 7,361
2026-01-06 9.32 9.40 9.32 9.40 2,403
2026-01-05 9.32 9.40 9.32 9.40 2,403
2026-01-04 9.32 9.40 9.32 9.40 2,403
2026-01-01 9.30 9.48 9.30 9.40 5,278
2025-12-31 9.30 9.48 9.30 9.40 5,278
2025-12-30 9.30 9.48 9.30 9.40 5,278
2025-12-29 9.30 9.48 9.30 9.40 5,278
2025-12-28 9.22 9.40 9.22 9.40 9,188
2025-12-25 9.22 9.22 9.00 9.20 4,850
2025-12-24 9.22 9.22 9.00 9.20 4,850
2025-12-23 9.22 9.22 9.00 9.20 4,850
2025-12-22 9.22 9.22 9.00 9.20 4,850
2025-12-21 9.26 9.26 9.12 9.22 790
2025-12-19 9.08 9.26 9.08 9.26 278
2025-12-18 9.08 9.26 9.08 9.26 278
2025-12-17 9.02 9.26 9.02 9.26 492
2025-12-16 9.28 9.28 9.10 9.10 2,672
2025-12-15 9.00 9.30 9.00 9.12 13,550
2025-12-14 9.18 9.18 9.00 9.12 3,292
2025-12-12 9.00 9.18 8.92 9.18 1,947
2025-12-11 9.00 9.18 8.92 9.18 1,947
2025-12-10 9.26 9.26 8.98 9.20 3,034
2025-12-09 9.10 9.30 9.08 9.28 5,555
2025-12-08 9.02 9.02 9.02 9.02 46
2025-12-07 9.10 9.10 8.84 9.04 2,048
2025-12-05 9.10 9.10 9.06 9.10 1,703
2025-12-04 9.10 9.10 9.06 9.10 1,703
2025-12-03 9.18 9.18 9.04 9.04 214
2025-12-02 9.14 9.18 9.00 9.18 2,187
2025-12-01 9.14 9.20 8.98 9.18 940
2025-11-30 9.06 9.14 9.06 9.10 1,188
2025-11-28 9.06 9.14 9.06 9.10 1,188
2025-11-27 9.06 9.14 9.06 9.10 1,188
2025-11-26 8.92 9.08 8.92 9.00 1,288