Aerojet Return On Equity

AJRD
 Stock
  

USD 44.26  0.09  0.20%   

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.
  
The current year Average Equity is expected to grow to about 415.3 M.

Aerojet Return On Equity Analysis

Aerojet Rocketdyne's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
 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
Return on Equity 
 = 
Net Income 
Total Equity 
X
100 
More About Return On Equity | All Equity Analysis

Current Aerojet Rocketdyne Return On Equity

    
  37.10 %  
Most of Aerojet Rocketdyne's fundamental indicators, such as Return On Equity, 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 Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Aerojet Rocketdyne is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Return On Equity. Since Aerojet Rocketdyne's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Aerojet Rocketdyne's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Aerojet Rocketdyne's interrelated accounts and indicators.

Aerojet Return On Equity 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 return on equity 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 return on equity as a starting point in their analysis.
   Aerojet Rocketdyne Return On Equity   
Share
       Timeline  
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Compare to competition

Aerojet Shareholders Equity

Shareholders Equity

564.61 Million

Aerojet Rocketdyne Shareholders Equity is projected to increase significantly based on the last few years of reporting. The past year's Shareholders Equity was at 523.3 Million
Based on the latest financial disclosure, Aerojet Rocketdyne Holdings has a Return On Equity of 37.1%. This is much higher than that of the Industrials sector and 3.43% higher than that of the Aerospace & Defense industry. The return on equity for all United States stocks is notably lower than that of the firm.

Aerojet Return On Equity 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 Return On Equity 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 return on equity 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
Average Equity384.9 M415.3 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aerojet Rocketdyne without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

0.7HEIHeico Corp Fiscal Year End 21st of December 2022 PairCorr
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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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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.
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.