SARO - StandardAero, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$36.60
DETAILS
HIGH:
$39.00
LOW:
$34.00
MEDIAN:
$37.00
CONSENSUS:
$36.60
UPSIDE:
36.87%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | 6,062.5 | 5,237.2 | 4,563.3 | 4,150.5 | 3,479.9 |
| Cost of Revenue | 5,165.1 | 4,483 | 3,928 | 3,604.8 | 3,063.4 |
| Gross Profit | 897.5 | 754.2 | 635.3 | 545.7 | 416.5 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 247.7 | 207.3 | 202.8 | 188.1 | 156.4 |
| Other Expenses | 98.7 | 143.7 | 95.2 | 94.9 | 102.4 |
| Operating Expenses | 346.4 | 350.9 | 297.9 | 283.0 | 258.8 |
| Operating Income | |||||
| Operating Income | 551.1 | 403.2 | 337.4 | 262.6 | 157.7 |
| Interest Expense | 174.2 | 291.7 | 328.0 | 243.0 | 205.3 |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||
| EBITDA | 744.7 | 551.3 | 511.9 | 459.1 | 356.9 |
| EBIT | 551.1 | 364.3 | 314.8 | 265.0 | 160.5 |
| Income Before Tax | 376.9 | 81.8 | 5.1 | 22.0 | (44.8) |
| Income Tax Expense | 99.4 | 70.8 | 40.2 | 43.0 | (13.8) |
| Net Income | 277.4 | 11.0 | (35.1) | (21) | (30.7) |
| Per Share Data | |||||
| EPS (Basic) | 0.84 | 0.04 | -0.10 | -0.06 | -0.09 |
| EPS (Diluted) | 0.83 | 0.04 | -0.10 | -0.06 | -0.09 |
| Shares Outstanding | 328.5 | 288.4 | 334.5 | 334.5 | 334.5 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 289.7 | 102.6 | 58.0 | 120.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 654.4 | 1,505.8 | 1,339.7 | 1,217.0 |
| Inventory | 827.7 | 847.0 | 698.8 | 605.0 |
| Other Current Assets | 1,124.7 | 29.7 | 39.1 | 68.9 |
| Total Current Assets | 2,896.5 | 2,485.1 | 2,135.8 | 2,010.9 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 802.1 | 740.8 | 690.7 | 709.6 |
| Goodwill | 1,684.3 | 1,686.0 | 1,632.5 | 1,609.5 |
| Intangible Assets | 244.9 | 1,296.2 | 1,295.7 | 1,392.1 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 926.9 | 4.4 | 0 | 2.4 |
| Total Non-Current Assets | 3,661.0 | 3,728.5 | 3,623.6 | 3,717.7 |
| Total Assets | 6,557.4 | 6,213.6 | 5,759.4 | 5,728.6 |
| Current Liabilities | ||||
| Account Payables | 679.8 | 645.7 | 468.6 | 503.7 |
| Short-Term Debt | 45.8 | 23.4 | 26.7 | 24.3 |
| Deferred Revenue | 0 | 400.0 | 355.7 | 210.1 |
| Other Current Liabilities | 590.8 | 99.6 | 110.0 | 93.8 |
| Total Current Liabilities | 1,316.3 | 1,273.5 | 1,069.4 | 968.8 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 2,403.5 | 2,208.0 | 3,172.1 | 3,164.0 |
| Deferred Tax Liabilities | 157.2 | 169.8 | 182.3 | 209.4 |
| Other Non-Current Liabilities | 13.0 | 24.6 | 29.3 | 23.4 |
| Total Non-Current Liabilities | 2,573.8 | 2,566.7 | 3,543.2 | 3,560.8 |
| Total Liabilities | 3,890.1 | 3,840.2 | 4,612.7 | 4,529.6 |
| Stockholders' Equity | ||||
| Common Stock | 3.3 | 3.3 | 2.8 | 2.8 |
| Retained Earnings | (1,285.9) | (1,563.3) | (1,574.3) | (1,539.2) |
| Accumulated Other Comprehensive Income | (8.2) | (11.4) | (7.0) | 10.3 |
| Total Stockholders' Equity | 2,667.3 | 2,373.4 | 1,146.7 | 1,199.0 |
| Total Liabilities & Equity | 6,557.4 | 6,213.6 | 5,759.4 | 5,728.6 |
| Debt Metrics | ||||
| Total Debt | 2,449.3 | 2,413.3 | 3,375.3 | 3,367.7 |
| Net Debt | 2,159.6 | 2,310.7 | 3,317.3 | 3,247.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 277.4 | 11.0 | (35.1) | (21) | (31.0) |
| Depreciation & Amortization | 203.5 | 187.1 | 197.1 | 195.2 | 196.4 |
| Stock-Based Compensation | 13.2 | 17.4 | 0 | 0 | 0 |
| Change in Working Capital | (162.5) | (144.1) | (99.3) | (144.0) | 4.1 |
| Other Non-Cash Items | 0.8 | 27.5 | 25.0 | 23.5 | 18.6 |
| Operating Cash Flow | 316.7 | 76.3 | 67.9 | 27.3 | 130.7 |
| Investing Activities | |||||
| Capital Expenditure | (82.4) | (123.2) | (85.3) | (44.2) | (65.7) |
| Acquisitions | 0 | (114.1) | (31.1) | (19.9) | (232.5) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (24.0) | (18.4) | (26.7) | 0.4 | 3.6 |
| Investing Cash Flow | (106.4) | (235.4) | (112.9) | (60.8) | (294.6) |
| Financing Activities | |||||
| Net Debt Issuance | (25.5) | (988.5) | (8.8) | (24.3) | 242.4 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (10.5) | (5.9) | (1.5) | (9.2) |
| Financing Cash Flow | (25.5) | 203.8 | (14.7) | (25.8) | 233.2 |
| Cash Position | |||||
| Net Change in Cash | 187.1 | 44.6 | (62.1) | (63.1) | 65.9 |
| Cash at Beginning | 102.6 | 58.0 | 120.1 | 183.2 | 117.3 |
| Cash at End | 289.7 | 102.6 | 58.0 | 120.1 | 183.2 |
| Free Cash Flow | 234.3 | (46.9) | (17.4) | (17.0) | 65.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 6,062.5 | 5,237.2 | 4,563.3 | 4,150.5 | 3,479.9 |
| Gross Profit | 897.5 | 754.2 | 635.3 | 545.7 | 416.5 |
| Operating Income | 551.1 | 403.2 | 337.4 | 262.6 | 157.7 |
| Net Income | 277.4 | 11.0 | (35.1) | (21) | (30.7) |
| EPS (Diluted) | 0.83 | 0.04 | -0.10 | -0.06 | -0.09 |
| Balance Sheet | |||||
| Cash & Equivalents | 289.7 | 102.6 | 58.0 | 120.1 | |
| Total Assets | 6,557.4 | 6,213.6 | 5,759.4 | 5,728.6 | |
| Total Debt | 2,449.3 | 2,413.3 | 3,375.3 | 3,367.7 | |
| Stockholders' Equity | 2,667.3 | 2,373.4 | 1,146.7 | 1,199.0 | |
| Cash Flow | |||||
| Operating Cash Flow | 316.7 | 76.3 | 67.9 | 27.3 | 130.7 |
| Capital Expenditure | (82.4) | (123.2) | (85.3) | (44.2) | (65.7) |
| Free Cash Flow | 234.3 | (46.9) | (17.4) | (17.0) | 65.0 |