Spirit AeroSystems Holdings Inc Stock Research

Market Summary

USD30.67+0.25

Delayed

0.82%

SPR Alerts

Big fall in earnings (Y/Y)
Losses in recent quarter

SPR Stock Price

SPR RSI Chart

SPR Valuation

Market Cap

2.4B

Price/Earnings (Trailing)

-5.96

Price/Sales (Trailing)

0.54

EV/EBITDA

-46.75

Price/Free Cashflow

-7.17

SPR Price/Sales (Trailing)

SPR Profitability

EBT Margin

-10.72%

Return on Equity

223.83%

Return on Assets

-8.19%

Free Cashflow Yield

-13.94%

SPR Fundamentals

SPR Revenue

Revenue (TTM)

5.0B

Revenue Y/Y

23.36%

Revenue Q/Q

3.38%

SPR Earnings

Earnings (TTM)

-545.7M

Earnings Y/Y

-102.08%

Earnings Q/Q

-90.52%

Price Action

52 Week Range

21.1450.37

(Low)(High)

Last 7 days

1.6%

Last 30 days

-10.8%

Last 90 days

6.4%

Trailing 12 Months

-36.3%

SPR Financial Health

Current Ratio

1.62

Debt/Equity

-15.65

Debt/Cashflow

-0.1

SPR Investor Care

Dividend Yield

0.13%

Dividend/Share (TTM)

0.04

Diluted EPS (TTM)

-5.21

Peers (Alternatives to Spirit AeroSystems Holdings)

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	67.1B	-3.52%	-3.50%	31.33	2.12	4.17%	34.50%
BA	117.7B	66.6B	-4.00%	4.49%	-23.86	1.77	6.94%	-17.44%
GD	61.4B	39.4B	-4.34%	-5.71%	18.1	1.56	2.44%	4.08%
TDG	40.2B	5.6B	-5.01%	4.17%	43.17	7.14	15.29%	17.40%
TXT	14.0B	12.9B	-8.05%	-9.27%	16.22	1.09	3.93%	15.42%
MID-CAP
HEI	9.7B	2.3B	-4.88%	6.87%	27.48	4.38	20.68%	11.62%
HII	8.0B	10.7B	-8.87%	-0.16%	13.78	0.75	12.10%	6.43%
BWXT	5.6B	2.2B	3.10%	13.20%	23.51	2.51	5.12%	-22.13%
SPR	2.4B	5.0B	-10.77%	-36.34%	-5.96	0.54	27.24%	-0.91%
AVAV	2.3B	487.1M	5.72%	-9.46%	-290.18	4.67	8.46%	-5840.15%
SMALL-CAP
TGI	677.9M	1.4B	-18.13%	-61.81%	7.02	0.49	-10.88%	191.35%
DCO	637.3M	712.5M	-3.87%	-2.52%	22.14	0.89	10.40%	-78.76%
ATRO	292.4M	492.8M	-14.20%	-7.84%	-14.86	0.62	11.07%	41.98%
CVU	44.9M	79.0M	-8.77%	22.97%	23.83	0.57	-22.86%	-74.91%
AIRI	11.7M	54.8M	-24.90%	-59.57%	8.19	0.21	-5.59%	-32.59%

Financials for Spirit AeroSystems Holdings

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.2%	5,029,600,000	4,779,600,000	4,482,700,000	4,226,900,000	3,953,000,000
S&GA Expenses	2.5%	279,200,000	272,400,000	290,100,000	286,800,000	279,900,000
R&D Expenses	-9.2%	50,400,000	55,500,000	59,000,000	57,400,000	53,300,000
Costs and Expenses	6.2%	5,310,800,000	5,001,000,000	4,865,200,000	4,602,400,000	4,412,200,000
EBITDA	-152.6%	-202,300,000	-80,100,000	-108,900,000	-113,200,000	-
EBITDA Margin	-140.0%	-0.04	-0.02	-0.02	-0.03	-
Earnings Before Taxes	-28.7%	-539,400,000	-419,000,000	-445,200,000	-445,700,000	-555,200,000
EBT Margin	-22.3%	-0.11	-0.09	-0.10	-0.11	-
Net Income	-29.0%	-545,700,000	-422,900,000	-408,900,000	-422,000,000	-540,800,000
Net Income Margin	-22.6%	-0.11	-0.09	-0.09	-0.10	-
Free Cahsflow	12.1%	-516,200,000	-587,200,000	-339,700,000	-313,900,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.7%	6,666	6,714	6,989	7,491	7,737
Current Assets	-0.4%	3,158	3,170	3,212	3,610	3,806
Cash Equivalents	-1.8%	659	671	770	1,152	1,479
Inventory	5.6%	1,471	1,392	1,346	1,388	1,383
Net PPE	-0.4%	2,206	2,215	2,261	2,328	2,386
Goodwill	1.2%	631	623	623	624	624
Current Liabilities	-12.7%	1,953	2,238	2,180	1,825	1,876
Long Term Debt	11.3%	3,815	3,428	3,425	3,734	3,743
Shareholder's Equity	-208.1%	-243	226	382	448	-
Retained Earnings	-16.5%	1,233	1,476	1,604	1,728	1,781
Additional Paid-In Capital	0.8%	1,180	1,170	1,160	1,151	1,146
Minority Interest	640.0%	4.00	1.00	1.00	1.00	1.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	11.1%	-394	-443	-197	-163	-63.20
Share Based Compensation	41.9%	37.00	26.00	-	-	-
Cashflow From Investing	-6.4%	-155	-146	-139	-165	-163
Cashflow From Financing	-71.5%	-261	-152	-153	125	-163
Dividend Payments	-2.3%	4.00	4.00	4.00	4.00	4.00
Buy Backs	-	0.00	-	-	-	-

Risks for SPR

What is the probability of a big loss on SPR?

97.3%

Probability that Spirit AeroSystems Holdings stock will be more than 20% underwater in next one year

48.5%

Probability that Spirit AeroSystems Holdings stock will be more than 30% underwater in next one year.

42.7%

Probability that Spirit AeroSystems Holdings 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 SPR drawdown profile look like?

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

Drawdowns

Returns for SPR

Cumulative Returns on SPR

5.3%

10-Year Cumulative Returns

-5.7%

7-Year Cumulative Returns

-17.9%

5-Year Cumulative Returns

6.3%

3-Year Cumulative Returns

What are the long-term rolling returns for SPR?

FIve years rolling returns for Spirit AeroSystems Holdings.

Annualized Returns

Which funds bought or sold SPR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.05	90,665	349,665	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-48.72	-15,000	31,000	-%
2023-02-28	Voya Investment Management LLC	added	-	320,356	1,235,360	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-30.3	-82,784	1,338,220	-%
2023-02-24	NATIXIS	new	-	14,800	14,800	-%
2023-02-24	SRS Capital Advisors, Inc.	new	-	1,125	1,125	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	3,075,000	11,851,000	0.12%
2023-02-21	MACQUARIE GROUP LTD	reduced	-7.12	335,000	1,746,000	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-24.39	788	53,788	-%
2023-02-17	Compass Wealth Management LLC	new	-	362,896	362,896	0.12%

Latest Funds Activity

Are funds buying SPR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SPR

No. of Funds

Spirit AeroSystems Holdings News

Schedule 13G FIlings of Spirit AeroSystems Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	6.6%	6,983,690	SC 13G
Feb 14, 2023	alliancebernstein l.p.	6.4%	6,695,378	SC 13G
Feb 09, 2023	vanguard group inc	9.79%	10,303,930	SC 13G/A
Feb 06, 2023	wellington management group llp	6.27%	6,595,563	SC 13G/A
Feb 03, 2023	blackrock inc.	5.6%	5,935,966	SC 13G
Feb 24, 2022	blackrock inc.	4.8%	5,126,187	SC 13G/A
Feb 14, 2022	scopia capital management lp	2.0%	2,084,212	SC 13G/A
Feb 04, 2022	wellington management group llp	5.65%	5,931,378	SC 13G
Feb 16, 2021	darsana capital partners lp	0%	0	SC 13G/A
Feb 16, 2021	scopia capital management lp	5.4%	5,728,699	SC 13G

SPR Fair Value

Spirit AeroSystems Holdings fair value in different scenarios

The table shows the Fair Value estimates for Spirit AeroSystems Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.40 -98.70%	1.60 -94.78%	4.04 -86.83%	6.76 -77.96%	11.88 -61.27%
Current Inflation	0.37 -98.79%	1.46 -95.24%	3.61 -88.23%	5.99 -80.47%	10.44 -65.96%
Very High Inflation	0.34 -98.89%	1.28 -95.83%	3.11 -89.86%	5.08 -83.44%	8.77 -71.41%

Historical Spirit AeroSystems Holdings Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Spirit AeroSystems Holdings

View All Filings

Date Filed	Form Type	Document
Mar 21, 2023	4	Insider Trading
Mar 15, 2023	ARS	ARS
Mar 15, 2023	DEF 14A	DEF 14A
Mar 15, 2023	DEFA14A	DEFA14A
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading

Latest Insider Trading transactions for SPR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-17	Krishnaswamy Kailash	acquired	-	-	1,334	svp, aftermarket
2023-03-17	Krishnaswamy Kailash	sold (taxes)	-15,597	29.71	-525	svp, aftermarket
2023-03-04	Suchinski Mark	sold (taxes)	-52,033	34.12	-1,525	svp & cfo
2023-03-04	Young Alan W	sold (taxes)	-38,038	34.3	-1,109	svp fab & procurement officer
2023-03-04	Ward Damon Christopher	sold (taxes)	-9,826	34.12	-288	vp, corporate controller
2023-03-04	Welner Justin	sold (taxes)	-20,608	34.12	-604	svp, cao & cco
2023-03-04	Young Alan W	acquired	-	-	2,500	svp fab & procurement officer
2023-03-04	Black Sean	sold (taxes)	-38,572	34.2564	-1,126	svp, engineering
2023-03-04	McPheeters Mindy	sold (taxes)	-3,787	34.12	-111	svp, gc/corp sec
2023-03-04	Gentile Tom	sold (taxes)	-425,067	34.12	-12,458	president & ceo

About Spirit AeroSystems Holdings

Thomas C. Gentile

www.spiritaero.com

16100

Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, struts/pylons, nacelles, and related engine structural components; and wings and wing components, including flight control surfaces, as well as other structural parts. This segment primarily serves the aircraft original equipment manufacturers (OEMs) or engine OEMs of large commercial aircraft and/or business/regional jet programs. The Defense & Space segment provides fuselage, strut, nacelle, and wing aerostructures primarily for U.S. Government defense programs, including Boeing P-8, C40, and KC-46 Tanker. This segment also engages in the fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training on fixed wing aircraft aerostructures, missiles, and hypersonics works, such as solid rocket motor throats, nozzles, re-entry vehicle thermal protections systems, forward cockpit and cabin, and fuselage work on rotorcraft aerostructures. The Aftermarket segment offers spare parts and MRO services, repairs for flight control surfaces and nacelles, radome repairs, rotable assets, engineering services, advanced composite repairs, and other repair and overhaul services. Spirit AeroSystems Holdings, Inc. has a strategic partnership with Sierra Space to enhance access to commercial space economy of the future. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.

SPR Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net revenues	$ 5,029.6	$ 3,953.0	$ 3,404.8
Operating costs and expenses
Cost of sales	4,981.0	4,070.8	3,845.5
Selling, general and administrative	279.2	279.9	237.4
Restructuring Charges	0.2	8.2	73.0
Research and development	50.4	53.3	38.8
Gain (Loss) on Disposition of Property Plant Equipment	0.0	0.0	22.9
Total operating costs and expenses	5,310.8	4,412.2	4,217.6
Operating loss	(281.2)	(459.2)	(812.8)
Interest expense and financing fee amortization	(244.1)	(242.6)	(195.3)
Other (expense) income, net	14.1	(146.6)	77.8
Loss before income taxes and equity in net loss of affiliates	(539.4)	(555.2)	(1,085.9)
Income tax (provision) benefit	(5.2)	17.2	220.2
Loss before equity in net loss of affiliates	(544.6)	(538.0)	(865.7)
Equity in net loss of affiliates	(1.6)	(2.8)	(4.6)
Net loss	$ (545.7)	$ (540.8)	$ (870.3)
Loss per share
Basic (in dollars per share)	$ (5.21)	$ (5.19)	$ (8.38)
Earnings Per Share, Diluted	(5.21)	(5.19)	(8.38)
Common Stock, Dividends, Per Share, Declared	$ 0.03	$ 0.04	$ 0.04
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (546.2)	$ (540.8)	$ (870.3)
Net Income (Loss) Attributable to Noncontrolling Interest	0.5	0.0	0.0
Net income	(545.7)	(540.8)	(870.3)
Income (Loss) from Equity Method Investments	$ (1.6)	$ (2.8)	$ (4.6)

SPR Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 658.6	$ 1,478.6
Restricted Cash, Current	0.2	0.3
Accounts receivable, net	489.5	461.6
Unbilled Receivables, Current	501.0	443.2
Inventory, net	1,470.7	1,382.6
Other current assets	38.3	39.7
Total current assets	3,158.3	3,806.0
Property, plant and equipment, net	2,205.9	2,385.5
Operating Lease, Right-of-Use Asset	94.3	85.3
Unbilled Receivable, Non Current	1.2	0.0
Pension assets	196.9	532.5
Pension reversion assets	71.1	0.0
Deferred tax asset-non-current, net	4.8	0.4
Other assets	91.8	91.6
Total assets	6,666.2	7,737.3
Liabilities
Accounts payable	919.8	720.3
Accrued expenses	411.7	376.1
Profit sharing	40.5	63.7
Current portion of long-term debt	53.7	49.5
Operating Lease, Liability, Current	8.3	8.2
Advance payments, short-term	24.9	137.8
Contract with Customer, Liability, Current	111.1	97.9
Provision for Loss on Contracts	305.9	244.6
Deferred revenue and other deferred credits, short-term	21.7	72.7
Other current liabilities	54.9	105.2
Total current liabilities	1,952.5	1,876.0
Long-term debt	3,814.9	3,742.7
Operating Lease, Liability, Noncurrent	85.4	78.8
Advance payments, long-term	199.9	201.3
Pension/OPEB obligation	25.2	74.8
Contract with Customer, Liability, Noncurrent	245.3	289.1
Provision for Loss on Contacts, Non Current	369.2	521.6
Deferred grant income liability — non-current	25.7	26.4
Deferred Tax Liabilities, Net, Noncurrent	1.3	21.8
Deferred revenue and other deferred credits	49.0	32.1
Other non-current liabilities	141.6	423.9
Stockholders’ Equity
Preferred stock, par value $0.01, 10,000,000 shares authorized, no shares issued	0.0	0.0
Additional paid-in capital	1,179.5	1,146.2
Accumulated other comprehensive loss	(203.9)	(23.7)
Retained earnings	1,232.5	1,781.4
Treasury Stock, Value	(2,456.7)	(2,456.7)
Total stockholders' equity	(247.5)	448.3
Noncontrolling interest	3.7	0.5
Total equity	(243.8)	448.8
Total liabilities and equity	6,666.2	7,737.3
Goodwill	630.5	623.7
Intangible Assets, Net (Excluding Goodwill)	$ 211.4	$ 212.3
Preferred Stock, Par Value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Treasury Stock, Shares	41,587,480	41,523,470
Class A [Member]
Stockholders’ Equity
Common stock	$ 1.1	$ 1.1
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	105,252,421	105,037,845
Class B [Member]
Stockholders’ Equity
Common Stock, Par Value	$ 0	$ 0
Common Stock, Shares Authorized	0	0
Common Stock, Shares, Issued	0	0