Aerojet Fundamentals

AJRD
 Stock
  

USD 40.91  0.16  0.39%   

Aerojet Rocketdyne Holdings fundamentals help investors to digest information that contributes to Aerojet Rocketdyne's financial success or failures. It also enables traders to predict the movement of Aerojet Stock. The fundamental analysis module provides a way to measure Aerojet Rocketdyne's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aerojet Rocketdyne stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Aerojet Rocketdyne Interest Expense is projected to decrease significantly based on the last few years of reporting. The past year's Interest Expense was at 20.1 Million. The current year Net Income is expected to grow to about 155 M, whereas Cost of Revenue is forecasted to decline to about 1.8 B.

Aerojet Price to Sales Analysis

Aerojet Rocketdyne's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
 2019 2020 2021 2022 (projected)
Interest Expense35.7 M30.1 M20.1 M25.45 M
Gross Profit367.9 M371.4 M387.9 M357.07 M
P/S 
 = 
MV Per Share 
Revenue Per Share 
More About Price to Sales | All Equity Analysis

Current Aerojet Rocketdyne Price to Sales

    
  1.50 X  
Most of Aerojet Rocketdyne's fundamental indicators, such as Price to Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aerojet Rocketdyne Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Aerojet Price to Sales Historical Pattern

Today, most investors in Aerojet Rocketdyne Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Aerojet Rocketdyne's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Aerojet Rocketdyne price to sales as a starting point in their analysis.
   Aerojet Rocketdyne Price to Sales   
Share
       Timeline  
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Compare to competition

Aerojet Price to Sales Ratio

Price to Sales Ratio

1.51

Aerojet Rocketdyne Price to Sales Ratio is projected to increase slightly based on the last few years of reporting. The past year's Price to Sales Ratio was at 1.69
Based on the latest financial disclosure, the price to sales indicator of Aerojet Rocketdyne Holdings is roughly 1.5 times. This is 94.59% lower than that of the Industrials sector and 72.53% lower than that of the Aerospace & Defense industry. The price to sales for all United States stocks is 86.87% higher than that of the company.

Aerojet Rocketdyne Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Aerojet Rocketdyne's current stock value. Our valuation model uses many indicators to compare Aerojet Rocketdyne value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Aerojet Rocketdyne competition to find correlations between indicators driving Aerojet Rocketdyne's intrinsic value. More Info.
Aerojet Rocketdyne Holdings is number one stock in cash per share category among related companies. It is number one stock in net income category among related companies making up about  19,728,331  of Net Income per Cash per Share. Aerojet Rocketdyne Net Income is projected to increase significantly based on the last few years of reporting. The past year's Net Income was at 143.7 Million. Comparative valuation analysis is a catch-all model that can be used if you cannot value Aerojet Rocketdyne by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Aerojet Rocketdyne's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Aerojet Rocketdyne's earnings, one of the primary drivers of an investment's value.

Aerojet Retained Earnings Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aerojet Rocketdyne's direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aerojet Rocketdyne could also be used in its relative valuation, which is a method of valuing Aerojet Rocketdyne by comparing valuation metrics of similar companies.
Aerojet Rocketdyne is currently under evaluation in retained earnings category among related companies.

Aerojet Rocketdyne Current Valuation Drivers

We derive many important indicators used in calculating different scores of Aerojet Rocketdyne from analyzing Aerojet Rocketdyne's financial statements. These drivers represent accounts that assess Aerojet Rocketdyne's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aerojet Rocketdyne's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(1.78 K)27.44 K29.29 K27.64 K28.74 K31.01 K
Revenue Per Employee364.01 K378.88 K411.61 K415.99 K437.6 K371.64 K
Average Assets2.27 B2.44 B2.61 B2.81 B2.38 B2.4 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA190.4 M295.3 M302.1 M275.6 M276.5 M241.88 M
Earnings Before Interest Taxes and Depreciation Amortization USD190.4 M295.3 M302.1 M275.6 M276.5 M241.88 M
Earnings before Tax86.9 M188.6 M191.9 M180.2 M195 M210.39 M
Average Equity116.8 M301.75 M532.65 M557.62 M384.93 M415.31 M
Enterprise Value2.57 B2.78 B3.47 B3.74 B3.64 B3.17 B
Free Cash Flow183.4 M209.5 M218.3 M309.2 M162.3 M161.81 M
Invested Capital1.5 B1.26 B1.36 B745.5 M1.15 B1.32 B
Invested Capital Average1.65 B1.47 B1.42 B1.22 B1.23 B1.41 B
Market Capitalization2.34 B2.76 B3.59 B4.08 B3.76 B3.13 B
Tangible Asset Value2.01 B2.26 B2.49 B2.69 B2.23 B2.23 B
Working Capital421.9 M356 M548.1 M204.5 M352.5 M323.6 M

Aerojet Fundamentals

About Aerojet Rocketdyne Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Aerojet Rocketdyne Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aerojet Rocketdyne using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aerojet Rocketdyne Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Deferred Revenue366.5 M376.5 M
Cost of Revenue1.8 B1.8 B
Revenues2.2 B2.1 B
Revenue to Assets 0.90  0.93 
Revenue Per Employee437.6 K371.6 K
Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. Aerojet Rocketdyne Holdings, Inc. was incorporated in 1915 and is headquartered in El Segundo, California. Aerojet Rocketdyne operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. It employs 5000 people.

Aerojet Rocketdyne Investors Sentiment

The influence of Aerojet Rocketdyne's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Aerojet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Aerojet Rocketdyne's public news can be used to forecast risks associated with investment in Aerojet. The trend in average sentiment can be used to explain how an investor holding Aerojet can time the market purely based on public headlines and social activities around Aerojet Rocketdyne Holdings. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Aerojet Rocketdyne's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Aerojet Rocketdyne's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Aerojet Rocketdyne's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Aerojet Rocketdyne.

Aerojet Rocketdyne Implied Volatility

    
  19.65  
Aerojet Rocketdyne's implied volatility exposes the market's sentiment of Aerojet Rocketdyne Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Aerojet Rocketdyne's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Aerojet Rocketdyne stock will not fluctuate a lot when Aerojet Rocketdyne's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aerojet Rocketdyne in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aerojet Rocketdyne's short interest history, or implied volatility extrapolated from Aerojet Rocketdyne options trading.

Pair Trading with Aerojet Rocketdyne

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aerojet Rocketdyne position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aerojet Rocketdyne will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aerojet Rocketdyne

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The ability to find closely correlated positions to Aerojet Rocketdyne could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aerojet Rocketdyne when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aerojet Rocketdyne - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aerojet Rocketdyne Holdings to buy it.
The correlation of Aerojet Rocketdyne is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aerojet Rocketdyne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aerojet Rocketdyne moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aerojet Rocketdyne can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Aerojet Rocketdyne Piotroski F Score and Aerojet Rocketdyne Altman Z Score analysis. Note that the Aerojet Rocketdyne information on this page should be used as a complementary analysis to other Aerojet Rocketdyne's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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Is Aerojet Rocketdyne's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aerojet Rocketdyne. If investors know Aerojet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aerojet Rocketdyne listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.63
Market Capitalization
3.3 B
Quarterly Revenue Growth YOY
-0.051
Return On Assets
0.0584
Return On Equity
0.27
The market value of Aerojet Rocketdyne is measured differently than its book value, which is the value of Aerojet that is recorded on the company's balance sheet. Investors also form their own opinion of Aerojet Rocketdyne's value that differs from its market value or its book value, called intrinsic value, which is Aerojet Rocketdyne's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aerojet Rocketdyne's market value can be influenced by many factors that don't directly affect Aerojet Rocketdyne's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aerojet Rocketdyne's value and its price as these two are different measures arrived at by different means. Investors typically determine Aerojet Rocketdyne value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aerojet Rocketdyne's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.