Overview Dividends

(ATRO) Astronics - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0464331083

Lighting Systems, Power Systems, Test Equipment, Avionics Structures

ATRO EPS (Earnings per Share)

EPS Growth (3Y CAGR): 76.00%
EPS Trend (3Y Correlation): 76.8%

ATRO Revenue

Revenue Growth (3Y CAGR): 11.14%
Revenue Trend (3Y Correlation): 11.4%

Risk via 10d forecast
Volatility	53.9%
Value at Risk 5%th	65.9%
Relative Tail Risk	-25.58%

Reward TTM
Sharpe Ratio	2.28
Alpha	195.87

Character TTM
Hurst Exponent	0.272
Beta	0.930
Beta Downside	0.898

Drawdowns 3y
Max DD	34.89%
Mean DD	13.30%
Median DD	12.80%

Description: ATRO Astronics November 17, 2025

Astronics Corporation (NASDAQ:ATRO) designs and manufactures aerospace, defense, and electronics products through two operating segments: Aerospace, which supplies lighting, safety, power generation, seat-motion, structural, and avionics solutions to OEMs, airlines, and the U.S. Department of Defense; and Test Systems, which builds automated test equipment and training simulators for aerospace, defense, communications, and mass-transit customers.

In FY 2023 the company generated roughly $1.2 billion in revenue, with the Aerospace segment contributing about 65 % of sales and delivering an operating margin near 9 %. Backlog growth has been driven by a resurgence in commercial air travel and sustained U.S. defense spending, while the Test Systems segment benefits from increasing demand for high-mix, low-volume electronic testing as aircraft become more software-centric. A key sector catalyst is the global push toward greener, LED-based cabin lighting, which aligns with airlines’ fuel-efficiency and passenger-experience initiatives.

For a deeper quantitative assessment, you may find ValueRay’s analyst tools useful for modeling ATRO’s valuation under different demand scenarios.

ATRO Stock Overview

Market Cap in USD	1,749m
Sub-Industry	Aerospace & Defense
IPO / Inception	1984-09-07
Return 12m vs S&P 500	180%
Analyst Rating	3.33 of 5

ATRO Dividends

Currently no dividends paid

ATRO Growth Ratios

CAGR 3y	86.81%
CAGR/Max DD Calmar Ratio	2.49
CAGR/Mean DD Pain Ratio	6.53
Current Volume	1004.2k
Average Volume	623.3k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (-3.09m TTM) > 0 and > 6% of Revenue (6% = 49.8m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 8.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 33.91% (prev 35.05%; Δ -1.14pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 74.3m > Net Income -3.09m (YES >=105%, WARN >=100%)

Net Debt (365.9m) to EBITDA (39.6m) ratio: 9.25 <= 3.0 (WARN <= 3.5)

Current Ratio 2.87 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (35.4m) change vs 12m ago 1.18% (target <= -2.0% for YES)

Gross Margin 27.48% (prev 23.75%; Δ 3.73pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 124.5% (prev 120.0%; Δ 4.51pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.32 (EBITDA TTM 39.6m / Interest Expense TTM 13.3m) >= 6 (WARN >= 3)

Altman Z'' 4.00

(A) 0.41 = (Total Current Assets 432.6m - Total Current Liabilities 151.0m) / Total Assets 682.2m

(B) 0.28 = Retained Earnings (Balance) 192.2m / Total Assets 682.2m

(D) 0.19 = Book Value of Equity 108.9m / Total Liabilities 573.3m

Total Rating: 4.00 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 48.00

1. Piotroski 5.0pt = 0.0

2. FCF Yield 2.43% = 1.21

3. FCF Margin 6.17% = 1.54

4. Debt/Equity 3.48 = -1.45

5. Debt/Ebitda 9.25 = -2.50

6. ROIC - WACC (= -4.22)% = -5.27

7. RoE -1.37% = -0.23

8. Rev. Trend 11.35% = 0.85

9. EPS Trend 76.85% = 3.84

What is the price of ATRO shares?

As of November 17, 2025, the stock is trading at USD 52.15 with a total of 1,004,161 shares traded.
Over the past week, the price has changed by +9.03%, over one month by +8.87%, over three months by +48.83% and over the past year by +224.11%.

Is Astronics a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Astronics (NASDAQ:ATRO) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 48.00 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ATRO is around 74.01 USD . This means that ATRO is currently undervalued and has a potential upside of +41.92% (Margin of Safety).

Is ATRO a buy, sell or hold?

Astronics has received a consensus analysts rating of 3.33. Therefor, it is recommend to hold ATRO.

Strong Buy: 0
Buy: 1
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ATRO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	57	9.3%
Analysts Target Price	57	9.3%
ValueRay Target Price	82.1	57.4%

ATRO Fundamental Data Overview November 15, 2025

Market Cap USD = 1.75b (1.75b USD * 1.0 USD.USD)
P/E Forward = 46.9484
P/S = 2.1055
P/B = 16.027
P/EG = 1.4638
Beta = 1.134
Revenue TTM = 830.6m USD
EBIT TTM = 17.6m USD
EBITDA TTM = 39.6m USD
Long Term Debt = 334.0m USD (from longTermDebt, last quarter)
Short Term Debt = 6.02m USD (from shortTermDebt, last quarter)
Debt = 379.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 365.9m USD (from netDebt column, last quarter)
Enterprise Value = 2.11b USD (1.75b + Debt 379.4m - CCE 13.5m)
Interest Coverage Ratio = 1.32 (Ebit TTM 17.6m / Interest Expense TTM 13.3m)
FCF Yield = 2.43% (FCF TTM 51.3m / Enterprise Value 2.11b)
FCF Margin = 6.17% (FCF TTM 51.3m / Revenue TTM 830.6m)
Net Margin = -0.37% (Net Income TTM -3.09m / Revenue TTM 830.6m)
Gross Margin = 27.48% ((Revenue TTM 830.6m - Cost of Revenue TTM 602.4m) / Revenue TTM)
Gross Margin QoQ = 30.51% (prev 25.81%)
Tobins Q-Ratio = 3.10 (Enterprise Value 2.11b / Total Assets 682.2m)
Interest Expense / Debt = 0.77% (Interest Expense 2.92m / Debt 379.4m)
Taxrate = 9.95% (-1.23m / -12.3m)
NOPAT = 15.8m (EBIT 17.6m * (1 - 9.95%))
Current Ratio = 2.87 (Total Current Assets 432.6m / Total Current Liabilities 151.0m)
Debt / Equity = 3.48 (Debt 379.4m / totalStockholderEquity, last quarter 108.9m)
Debt / EBITDA = 9.25 (Net Debt 365.9m / EBITDA 39.6m)
Debt / FCF = 7.13 (Net Debt 365.9m / FCF TTM 51.3m)
Total Stockholder Equity = 225.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.45% (Net Income -3.09m / Total Assets 682.2m)
RoE = -1.37% (Net Income TTM -3.09m / Total Stockholder Equity 225.8m)
RoCE = 3.14% (EBIT 17.6m / Capital Employed (Equity 225.8m + L.T.Debt 334.0m))
RoIC = 3.66% (NOPAT 15.8m / Invested Capital 431.4m)
WACC = 7.88% (E(1.75b)/V(2.13b) * Re(9.44%) + D(379.4m)/V(2.13b) * Rd(0.77%) * (1-Tc(0.10)))
Discount Rate = 9.44% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.78%
[DCF Debug] Terminal Value 64.41% ; FCFE base≈51.3m ; Y1≈33.7m ; Y5≈15.4m
Fair Price DCF = 7.70 (DCF Value 243.6m / Shares Outstanding 31.6m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 76.85 | EPS CAGR: 76.00% | SUE: 0.74 | # QB: 0
Revenue Correlation: 11.35 | Revenue CAGR: 11.14% | SUE: -0.01 | # QB: 0

Additional Sources for ATRO Stock

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