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Astronics Intrinsic Value: Projected FCF

: $12.74 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2022-08-19), Astronics's Intrinsic Value: Projected FCF is $12.74. The stock price of Astronics is $11.52. Therefore, Astronics's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for Astronics's Intrinsic Value: Projected FCF or its related term are showing as below:

ATRO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.13   Med: 0.99   Max: 6.39
Current: 0.9

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Astronics was 6.39. The lowest was 0.13. And the median was 0.99.

ATRO's Price-to-Projected-FCF is ranked better than
74.68% of 158 companies
in the Aerospace & Defense industry
Industry Median: 1.68 vs ATRO: 0.90

Astronics Intrinsic Value: Projected FCF Historical Data

The historical data trend for Astronics's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Astronics Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.11 27.82 23.93 18.84 15.25

Astronics Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Intrinsic Value: Projected FCF Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.12 15.72 15.25 13.52 12.74

Competitive Comparison

For the Aerospace & Defense subindustry, Astronics's Intrinsic Value: Projected FCF, along with its competitors' market caps and Intrinsic Value: Projected FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Astronics Intrinsic Value: Projected FCF Distribution

For the Aerospace & Defense industry and Industrials sector, Astronics's Intrinsic Value: Projected FCF distribution charts can be found below:

* The bar in red indicates where Astronics's Intrinsic Value: Projected FCF falls into.



Astronics Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Astronics's Free Cash Flow(6 year avg) = $21.87.

Astronics's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun22)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*21.87008+250.676*0.8)/32.082
=12.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Astronics  (NAS:ATRO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Astronics's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=11.52/12.740840690477
=0.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Astronics Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Astronics's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Astronics Business Description

Astronics logo
Traded in Other Exchanges
Address
130 Commerce Way, East Aurora, NY, USA, 14052
Astronics Corp supplies products to the aerospace, defense, and other industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport and business jet markets. Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.
Executives
Keane Robert S director, 10 percent owner VISTAPRINT USA, INCORPORATED 100 HAYDEN AVE. LEXINGTON MA 02421
Calaway Tonit M director HARLEY-DAVIDSON MOTOR COMPANY 3700 WEST JUNEAU AVENUE MILWAUKEE WI 53208
Kuehn Michael C officer: Executive Vice President 130 COMMERCE WAY EAST AURORA NY 14052
Moran Mark J director 1600 SMITH STREET HQSEO HOUSTON TX 77002
Keane Daniel G 10 percent owner 1801 ELMWOOD AVE BUFFALO NY 14207
5096 Saranac Llc 10 percent owner 1801 ELMWOOD AVENUE SUITE 1 BUFFALO NY 14207-2463
Mulato James other: Pres Astronics Test Systems 4 GOODYEAR IRVINE CA 92677
Frisby Jeffry D director C/O QUAKER CHEMICAL CORPORATION ONE QUAKER PARK, 901 HECTOR STREET CONSHOHOCKEN PA 19428
Johnson Warren C director P.O. BOX 189 13133 BEAR ROAD WALES CENTER NY 14169
Kim Neil Y. director MARVELL SEMICONDUCTOR, INC. 5488 MARVELL LANE SANTA CLARA CA 95054
Kevin T. Keane 2016 Grat 10 percent owner 1801 ELMWOOD AVENUE, SUITE 1 BUFFALO NY 14207-2463
Hedges Nancy L officer: Principal Accounting Officer 130 COMMERCE WAY EAST AURORA NY 14052
Peabody Mark officer: VP Astronics Advanced Electron 130 COMMERCE WAY EAST AURORA NY 14052
Kramer James S officer: VP Luminescent Systems, Inc. 130 COMMERCE WAY EAST AURORA NY 14052
Boushie Raymond W director 124 LUUREL LANE PONTE VEDRA BEACH FL 32082

Astronics Headlines

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