LOAR - Loar Holdings Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$86.00
DETAILS
HIGH:
$98.00
LOW:
$75.00
MEDIAN:
$85.50
CONSENSUS:
$86.00
UPSIDE:
37.95%
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | 496.3 | 402.8 | 317.5 | 239.4 |
| Cost of Revenue | 235.0 | 204.0 | 163.2 | 127.9 |
| Gross Profit | 261.3 | 198.8 | 154.3 | 111.5 |
| Operating Expenses | ||||
| R&D Expenses | 13.1 | 8.8 | 6.3 | 4.2 |
| SG&A Expenses | 94.7 | 73.6 | 49.4 | 38.0 |
| Other Expenses | 34.3 | 28.8 | 29.1 | 29.8 |
| Operating Expenses | 142.1 | 111.2 | 84.8 | 72.0 |
| Operating Income | ||||
| Operating Income | 119.3 | 87.6 | 69.5 | 39.5 |
| Interest Expense | 25.7 | 52.1 | 67.1 | 42.1 |
| Interest Income | 0 | 0 | 0 | 0 |
| Profitability | ||||
| EBITDA | 157.2 | 124.2 | 107.5 | 73.4 |
| EBIT | 106.2 | 81.2 | 69.5 | 39.5 |
| Income Before Tax | 80.6 | 29.1 | 2.4 | (2.6) |
| Income Tax Expense | 8.4 | 6.8 | 7.1 | (0.1) |
| Net Income | 72.1 | 22.2 | (4.6) | (2.5) |
| Per Share Data | ||||
| EPS (Basic) | 0.77 | 0.24 | -0.05 | -0.03 |
| EPS (Diluted) | 0.75 | 0.24 | -0.05 | -0.03 |
| Shares Outstanding | 93.6 | 93.6 | 88 | 77 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 84.8 | 54.1 | 21.5 | 35.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 88.0 | 64.5 | 59.4 | 41.5 |
| Inventory | 109.0 | 92.6 | 78.0 | 61.0 |
| Other Current Assets | 16.6 | 9.5 | 11.8 | 11.8 |
| Total Current Assets | 298.5 | 220.7 | 170.7 | 149.8 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 90.7 | 84.4 | 80.9 | 71.9 |
| Goodwill | 1,008.4 | 693.5 | 470.9 | 442.0 |
| Intangible Assets | 606.4 | 434.7 | 316.5 | 322.7 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 25.9 | 17.4 | 11.4 | 8.2 |
| Total Non-Current Assets | 1,731.4 | 1,229.9 | 879.8 | 844.7 |
| Total Assets | 2,029.9 | 1,450.6 | 1,050.4 | 994.5 |
| Current Liabilities | ||||
| Account Payables | 18.6 | 12.1 | 12.9 | 10.2 |
| Short-Term Debt | 5.5 | 0 | 6.9 | 5.0 |
| Deferred Revenue | 0 | 4.2 | 1.5 | 0 |
| Other Current Liabilities | 39.4 | 22.7 | 23.3 | 20.7 |
| Total Current Liabilities | 63.5 | 41.8 | 51.5 | 38.4 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 8.5 | 277.3 | 528.6 | 482.0 |
| Deferred Tax Liabilities | 68.4 | 32.9 | 36.8 | 40.6 |
| Other Non-Current Liabilities | 714.7 | 1.8 | 6.3 | (5.4) |
| Total Non-Current Liabilities | 791.6 | 320.3 | 580.8 | 534.1 |
| Total Liabilities | 855.1 | 362.1 | 632.3 | 572.5 |
| Stockholders' Equity | ||||
| Common Stock | 0.9 | 0.9 | 0 | 0 |
| Retained Earnings | 51.6 | (20.6) | 0 | 0 |
| Accumulated Other Comprehensive Income | (2.8) | (0.1) | 0 | 0 |
| Total Stockholders' Equity | 1,174.8 | 1,088.5 | 418.1 | 422.0 |
| Total Liabilities & Equity | 2,029.9 | 1,450.6 | 1,050.4 | 994.5 |
| Debt Metrics | ||||
| Total Debt | 14.0 | 286.4 | 545.5 | 496.4 |
| Net Debt | (70.9) | 232.4 | 524.0 | 460.9 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | 72.1 | 22.2 | (4.6) | (2.5) |
| Depreciation & Amortization | 51 | 43.1 | 38.0 | 34.0 |
| Stock-Based Compensation | 14.9 | 11.1 | 0.4 | 1.5 |
| Change in Working Capital | (41.7) | (26.5) | (21.3) | (19.9) |
| Other Non-Cash Items | 12.2 | 6.6 | 4.1 | 3.9 |
| Operating Cash Flow | 112.3 | 55.0 | 12.8 | 13.3 |
| Investing Activities | ||||
| Capital Expenditure | (13.0) | (8.9) | (12.1) | (7.9) |
| Acquisitions | (507.9) | (383.3) | (60.4) | (173.9) |
| Purchases of Investments | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (520.9) | (392.1) | (72.6) | (181.8) |
| Financing Activities | ||||
| Net Debt Issuance | 1.3 | (258.1) | 46.8 | 136.9 |
| Stock Repurchased | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 437.9 | (8.9) | (1.1) | (1.6) |
| Financing Cash Flow | 439.2 | 370.0 | 45.7 | 135.3 |
| Cash Position | ||||
| Net Change in Cash | 30.8 | 32.6 | (14.0) | (33.1) |
| Cash at Beginning | 54.1 | 21.5 | 35.5 | 68.6 |
| Cash at End | 84.8 | 54.1 | 21.5 | 35.5 |
| Free Cash Flow | 99.3 | 46.1 | 0.7 | 5.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 496.3 | 402.8 | 317.5 | 239.4 |
| Gross Profit | 261.3 | 198.8 | 154.3 | 111.5 |
| Operating Income | 119.3 | 87.6 | 69.5 | 39.5 |
| Net Income | 72.1 | 22.2 | (4.6) | (2.5) |
| EPS (Diluted) | 0.75 | 0.24 | -0.05 | -0.03 |
| Balance Sheet | ||||
| Cash & Equivalents | 84.8 | 54.1 | 21.5 | 35.5 |
| Total Assets | 2,029.9 | 1,450.6 | 1,050.4 | 994.5 |
| Total Debt | 14.0 | 286.4 | 545.5 | 496.4 |
| Stockholders' Equity | 1,174.8 | 1,088.5 | 418.1 | 422.0 |
| Cash Flow | ||||
| Operating Cash Flow | 112.3 | 55.0 | 12.8 | 13.3 |
| Capital Expenditure | (13.0) | (8.9) | (12.1) | (7.9) |
| Free Cash Flow | 99.3 | 46.1 | 0.7 | 5.3 |