Astronics Corp Stock Research

Market Summary

USD16.10-0.26

Market Closed

-1.59%

ATRO Stock Price

ATRO RSI Chart

ATRO Valuation

Market Cap

292.4M

Price/Earnings (Trailing)

-14.86

Price/Sales (Trailing)

0.62

EV/EBITDA

30.43

Price/Free Cashflow

-21.62

ATRO Price/Sales (Trailing)

ATRO Profitability

EBT Margin

-4.61%

Return on Equity

-11.54%

Return on Assets

-4.57%

Free Cashflow Yield

-4.62%

ATRO Fundamentals

ATRO Revenue

Revenue (TTM)

575.3M

Revenue Y/Y

34.74%

Revenue Q/Q

-1.02%

ATRO Earnings

Earnings (TTM)

-37.1M

Earnings Y/Y

-42.37%

Earnings Q/Q

34.87%

Price Action

52 Week Range

7.4617.58

(Low)(High)

Last 7 days

-5.4%

Last 30 days

9.2%

Last 90 days

5.9%

Trailing 12 Months

52.6%

ATRO Financial Health

Current Ratio

2.6

ATRO Investor Care

Diluted EPS (TTM)

-1.15

Peers (Alternatives to Astronics)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
RTX	139.8B	68.6B	-7.09%	-2.90%	31.33	2.12	5.73%	32.04%
BA	123.5B	70.5B	-1.01%	54.80%	-29.91	1.75	15.52%	15.44%
GD	63.0B	39.9B	-6.00%	-8.36%	18.58	1.6	3.70%	3.39%
TDG	44.6B	5.9B	2.02%	27.47%	43.02	7.56	17.52%	16.67%
TXT	12.7B	12.9B	-5.77%	-4.48%	14.83	0.99	3.10%	11.85%
MID-CAP
HEI	21.7B	2.5B	-5.63%	10.34%	57.55	8.74	23.76%	12.84%
HII	8.1B	10.8B	0.19%	-4.78%	14.19	0.75	9.69%	5.97%
BWXT	5.9B	2.3B	-5.45%	18.92%	24.58	2.62	6.77%	-18.59%
SPR	2.4B	5.3B	-13.61%	-19.68%	-5.96	0.54	25.06%	-83.44%
AVAV	2.3B	487.1M	-8.89%	-4.43%	-273.25	4.76	8.46%	-1895.76%
SMALL-CAP
TGI	741.4M	1.4B	4.81%	-27.56%	8.27	0.54	-5.54%	309.54%
DCO	498.6M	730.2M	-18.48%	-7.66%	19.23	0.68	12.05%	-81.07%
ATRO	292.4M	575.3M	9.23%	52.61%	-14.86	0.62	26.37%	-121.00%
CVU	45.1M	85.2M	8.76%	49.79%	4.42	0.53	-8.06%	83.49%
AIRI	12.3M	53.2M	4.19%	-46.29%	-11.44	0.23	-9.67%	-166.13%

Financials for Astronics

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	7.5%	575,256,000	534,894,000	492,793,000	473,196,000	455,227,000
Gross Profit	10.6%	79,117,000	71,540,000	68,494,000	71,337,000	71,023,000
S&GA Expenses	5.7%	107,364,000	101,584,000	109,129,000	102,156,000	99,366,000
R&D Expenses	-21.0%	49,066,667	62,133,333	73,733,333	-	-
EBITDA	-123.1%	-2,140,000	9,259,000	11,831,000	-	-
EBITDA Margin	-122.2%	0.00	0.02	0.03	-	-
Earnings Before Taxes	-27.4%	-37,942,000	-29,793,000	-22,736,000	-12,315,000	-10,132,000
EBT Margin	-77.3%	-0.05	-0.03	-0.02	-	-
Interest Expenses	-27.9%	-9,422,000	-7,364,000	-6,640,000	-6,677,000	-
Net Income	-3.7%	-37,061,000	-35,747,000	-27,364,000	-19,681,000	-16,770,000
Net Income Margin	-33.5%	-0.06	-0.04	-0.04	-	-
Free Cahsflow	-93.5%	-26,171,000	-13,522,000	1,649,000	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.2%	616	615	599	582	588
Current Assets	2.4%	374	365	347	324	326
Cash Equivalents	-58.5%	6.00	14.00	3.00	11.00	24.00
Inventory	6.4%	200	188	190	175	166
Net PPE	-2.2%	89.00	91.00	91.00	91.00	93.00
Goodwill	0%	58.00	58.00	58.00	58.00	58.00
Liabilities	0.6%	377	375	362	332	328
Current Liabilities	-3.2%	147	152	133	125	121
LT Debt, Current	50.0%	7.00	5.00	-	-	-
LT Debt, Non Current	3.8%	166	160	159	136	137
Shareholder's Equity	-0.4%	239	240	237	251	260
Retained Earnings	-	240	-	-	-	-
Additional Paid-In Capital	-	99.00	-	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-68.9%	-47.81	-28.31	-26.17	-13.52	2.00
Share Based Compensation	4.6%	7.00	6.00	6.00	6.00	6.00
Cashflow From Investing	-131.6%	-4.55	14.00	25.00	26.00	26.00
Cashflow From Financing	2539.8%	34.00	-1.41	-24.76	-34.31	-33.64
Buy Backs	-	0.00	-	-	-	-

Risks for ATRO

What is the probability of a big loss on ATRO?

100%

Probability that Astronics stock will be more than 20% underwater in next one year

94.2%

Probability that Astronics stock will be more than 30% underwater in next one year.

55.4%

Probability that Astronics stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ATRO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Astronics was unfortunately bought at previous high price.

Drawdowns

Returns for ATRO

Cumulative Returns on ATRO

-3.1%

10-Year Cumulative Returns

-10.3%

7-Year Cumulative Returns

-14.5%

5-Year Cumulative Returns

20.8%

3-Year Cumulative Returns

What are the long-term rolling returns for ATRO?

FIve years rolling returns for Astronics.

Annualized Returns

Which funds bought or sold ATRO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	ROYCE & ASSOCIATES LP	reduced	-10.11	2,030,580	14,261,900	0.14%
2023-05-22	AMERIPRISE FINANCIAL INC	new	-	572,757	572,757	-%
2023-05-22	PUTNAM INVESTMENTS LLC	new	-	341,789	341,789	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-0.06	52,000	226,000	-%
2023-05-18	SkyView Investment Advisors, LLC	new	-	67,000	67,000	0.02%
2023-05-18	JPMORGAN CHASE & CO	reduced	-11.13	36,000	272,000	-%
2023-05-16	RBF Capital, LLC	reduced	-12.32	219,708	1,761,710	0.13%
2023-05-16	JANE STREET GROUP, LLC	reduced	-36.07	-39,961	194,107	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	91.15	320,535	537,206	-%
2023-05-16	Ancora Advisors, LLC	unchanged	-	2,020	10,020	-%

Latest Funds Activity

Are funds buying ATRO calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ATRO

No. of Funds

Astronics News

Schedule 13G FIlings of Astronics

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	bares capital management, inc.	5.95%	1,538,107	SC 13G
Feb 13, 2023	next century growth investors llc	9.15%	9	SC 13G/A
Feb 09, 2023	vanguard group inc	5.03%	1,301,181	SC 13G
Feb 08, 2023	paradice investment management llc	0.0%	0	SC 13G/A
Jan 31, 2023	blackrock inc.	7.7%	1,984,859	SC 13G/A
Jan 27, 2023	royce & associates lp	4.59%	1,187,511	SC 13G/A
Feb 11, 2022	next century growth investors llc	7.93%	7	SC 13G
Feb 10, 2022	paradice investment management llc	5.0%	1,258,076	SC 13G/A
Feb 01, 2022	blackrock inc.	8.3%	2,070,498	SC 13G/A
Jan 31, 2022	royce & associates lp	6.13%	1,537,421	SC 13G

ATRO Fair Value

Show Fair-Value

Recent SEC filings of Astronics

View All Filings

Date Filed	Form Type	Document
May 24, 2023	8-K	Current Report
May 11, 2023	SD	SD
May 10, 2023	10-Q	Quarterly Report
May 09, 2023	8-K	Current Report
Apr 11, 2023	ARS	ARS
Apr 11, 2023	DEF 14A	DEF 14A
Apr 11, 2023	DEFA14A	DEFA14A
Mar 24, 2023	PRE 14A	PRE 14A
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading

Latest Insider Trading transactions for ATRO

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-13	KRAMER JAMES S	acquired	2,263	12.81	176	executive vice president
2023-03-13	BURNEY DAVID C	acquired	702	12.81	54.814	vp-finance, cfo
2023-03-13	Hedges Nancy L	acquired	1,950	12.81	152	principal accounting officer
2023-03-13	Kuehn Michael C	acquired	804	12.81	62.776	executive vice president
2023-03-13	Mulato James	acquired	855	12.81	66.797	-
2023-03-10	PEABODY MARK	acquired	-	-	5,265	vp astronics advanced electron
2023-03-10	Kuehn Michael C	acquired	-	-	6,715	executive vice president
2023-03-10	KRAMER JAMES S	sold (taxes)	-998	14.47	-69.00	executive vice president
2023-03-10	Kuehn Michael C	sold (taxes)	-33,107	14.47	-2,288	executive vice president
2023-03-10	Mulato James	sold (taxes)	-28,216	14.47	-1,950	-

About Astronics

Peter J. Gundermann

www.astronics.com

2100

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. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers to OEMs; and aircraft operators, such as airlines; suppliers to the aircraft operators; and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, and communications and mass transit industries; and provides wireless communication testing for the civil land mobile radio market, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. The company was incorporated in 1968 and is headquartered in East Aurora, New York.

ATRO Income Statement

2023-04-01

Consolidated Condensed Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Income Statement [Abstract]
Sales	$ 156,538	$ 116,176
Cost of Products Sold	129,028	96,243
Gross Profit	27,510	19,933
Selling, General and Administrative Expenses	29,880	24,100
Loss from Operations	(2,370)	(4,167)
Net Gain on Sale of Business	(3,427)	(11,284)
Other (Income), Net of Other Expense	(1,288)	462
Interest Expense, Net of Interest Income	5,470	1,631
(Loss) Income Before Income Taxes	(3,125)	5,024
Provision for Income Taxes	1,290	8,125
Net Loss	$ (4,415)	$ (3,101)
Loss Per Share:
Basic (in usd per share)	$ (0.14)	$ (0.10)
Diluted (in usd per share)	$ (0.14)	$ (0.10)

ATRO Balance Sheet

2023-04-01

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 4,220	$ 13,778
Restricted Cash	1,497	0
Accounts Receivable, Net of Allowance for Estimated Credit Losses	152,365	147,790
Inventories	199,944	187,983
Prepaid Expenses and Other Current Assets	16,150	15,743
Total Current Assets	374,176	365,294
Property, Plant and Equipment, Net of Accumulated Depreciation	88,623	90,658
Operating Right-of-Use Assets	12,179	13,028
Other Assets	7,564	8,605
Intangible Assets, Net of Accumulated Amortization	75,697	79,277
Goodwill	58,169	58,169
Total Assets	616,408	615,031
Current Liabilities:
Current Maturities of Long-term Debt	6,750	4,500
Accounts Payable	63,266	64,193
Current Operating Lease Liabilities	4,307	4,441
Accrued Expenses and Other Current Liabilities	45,066	45,911
Customer Advance Payments and Deferred Revenue	27,432	32,567
Total Current Liabilities	146,821	151,612
Long-term Debt	165,603	159,500
Long-term Operating Lease Liabilities	8,964	9,942
Other Liabilities	56,096	54,057
Total Liabilities	377,484	375,111
Shareholders’ Equity:
Common Stock	355	354
Accumulated Other Comprehensive Loss	(9,117)	(9,526)
Other Shareholders’ Equity	247,686	249,092
Total Shareholders’ Equity	238,924	239,920
Total Liabilities and Shareholders’ Equity	$ 616,408	$ 615,031