Astronics Price to Sales vs. Price to Book

ATRO -  USA Stock  

USD 10.76  0.21  1.91%

For Astronics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Astronics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Astronics Cp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Astronics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Astronics Cp over time as well as its relative position and ranking within its peers. Please continue to Trending Equities.
  
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Astronics Price to Sales Ratio is quite stable at the moment as compared to the past year. The company's current value of Price to Sales Ratio is estimated at 1.08. Sales per Share is expected to rise to 17.22 this year, although the value of Return on Sales will most likely fall to (0.0462) . The value of Accumulated Other Comprehensive Income is expected to slide to about (15.6 M). The value of Consolidated Income is estimated to slide to about (26.3 M).

Astronics Revenues

548.31 Million

Share
Is Astronics' 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 Astronics. If investors know Astronics 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 Astronics 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
-0.93
Market Capitalization
343.9 M
Quarterly Revenue Growth YOY
0.097
Return On Assets
-0.0305
Return On Equity
-0.0645
The market value of Astronics Cp is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' 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 Astronics' market value can be influenced by many factors that don't directly affect Astronics' 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 Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Astronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' 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.

Astronics Cp Price to Book vs. Price to Sales Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Astronics's current stock value. Our valuation model uses many indicators to compare Astronics value to that of its competitors to determine the firm's financial worth.
Astronics Cp is number one stock in price to sales category among related companies. It is number one stock in price to book category among related companies fabricating about  1.78  of Price to Book per Price to Sales. Price to Book Value is expected to rise to 2.11 this year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Astronics by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Astronics' 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 Astronics' earnings, one of the primary drivers of an investment's value.

Astronics Price to Book vs. Price to Sales

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.
Astronics 
P/S 
 = 
MV Per Share 
Revenue Per Share 
0.77 X
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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Astronics 
P/B 
 = 
MV Per Share 
BV Per Share 
1.37 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Astronics Price to Book Comparison

Astronics is currently under evaluation in price to book category among related companies.

Astronics Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Astronics, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Astronics will eventually generate negative long term returns. The profitability progress is the general direction of Astronics' change in net profit over the period of time. It can combine multiple indicators of Astronics, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2022
Accumulated Other Comprehensive Income-14.5 M-15.6 M
Consolidated Income-25.6 M-26.3 M
Net Income-25.6 M-26.3 M
Net Income Common Stock-25.6 M-26.3 M
Operating Income-30.8 M-31.6 M
Income Tax Expense-1.4 M-1.4 M
Net Income Per Employee-60.4 K-61.9 K
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company was incorporated in 1968 and is headquartered in East Aurora, New York. Astronics operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 2100 people.

Astronics Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Astronics. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Astronics position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Astronics' important profitability drivers and their relationship over time.

Use Astronics in pair-trading

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 Astronics 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 Astronics will appreciate offsetting losses from the drop in the long position's value.

Astronics Pair Trading

Astronics Cp Pair Trading Analysis

The ability to find closely correlated positions to Astronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics 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 Astronics - 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 Astronics Cp to buy it.
The correlation of Astronics 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 Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics Cp 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 Astronics 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

Use Investing Themes to Complement your Astronics position

In addition to having Astronics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 65 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tech Growth Theme or any other thematic opportunities.
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Please continue to Trending Equities. Note that the Astronics Cp information on this page should be used as a complementary analysis to other Astronics' 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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To fully project Astronics' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Astronics Cp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Astronics' income statement, its balance sheet, and the statement of cash flows.
Potential Astronics investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Astronics investors may work on each financial statement separately, they are all related. The changes in Astronics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Astronics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.