Astronics Corporation is a supplier of products to the global aerospace, defense, electronics and semiconductor industries. Products and services include advanced, high-performance electrical power generation & distribution systems, lighting & safety systems, avionics products, aircraft structures, engineering design and systems certification and automated test systems. The company was founded in 1968 and is based in East Aurora, New York.
ATRO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ATRO, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Astronics Corp ranked in the 52th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 55% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Astronics Corp, consider:
Astronics Corp's weighted average cost of capital (WACC) is 6%; for context, that number is higher than just 7.09% of tickers in our DCF set.
Astronics Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 12.12. This coverage rate is greater than that of 77.13% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Astronics Corp experienced a tax rate of about 18% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 70.16% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Astronics Corp? See ETN, OSK, MMS, GTMAY, and BMI.