Aerostar SA
Aerostar SA is a Romanian aerospace and defense company that designs, develops, and produces aircraft, helicopters, and related systems, primarily serving government and military clients.
Business. Aerostar SA (ARS.BX) is an aerospace and defense company that operates within the Industrial Goods sector. The firm generates revenue through the sale of aerospace and defense products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the company is described at the industry level without further geographic or segmental breakdown.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Aerostar SA (ARS.BX) is an aerospace and defense company that operates within the Industrial Goods sector. The firm generates revenue through the sale of aerospace and defense products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data. Consequently, the company is described at the industry level without further geographic or segmental breakdown.
Aerostar maintains a strong liquidity position with a current ratio of 4.04, indicating the company can easily cover its short-term obligations. The absence of long-term debt and a debt-to-equity ratio of 0.0 further reinforce its financial stability. Free cash flow of RON 26.97 million supports operational flexibility and potential reinvestment.
Profitability metrics show a return on equity of 4.34% and a return on assets of 3.18%, which are below the industry median for aerospace and defense firms. This suggests that Aerostar is underperforming in terms of capital efficiency and asset utilization compared to its peers.
The company's revenue is concentrated in a few key markets, with a significant portion derived from government contracts in Romania and other European defense markets. This concentration increases exposure to geopolitical and budgetary shifts, particularly in defense spending.
Aerostar's revenue growth has been modest, with a recent financial snapshot showing RON 155.31 million in revenue. While the company has maintained positive operating and net income, the outlook for the next fiscal year remains uncertain due to potential shifts in defense procurement cycles and geopolitical tensions.
Risk factors include the absence of long-term debt, which is a positive, but the company's reliance on government contracts introduces regulatory and budgetary risks. There is currently no near-term dilution risk, as shares outstanding remain unchanged between basic and diluted measures.
Recent filings and transcripts indicate no major corporate actions or strategic shifts. The company continues to focus on its core aerospace and defense offerings, with no significant new product launches or market expansions disclosed in the latest available data.
- Aerostar has a strong liquidity position with no long-term debt and a current ratio of 4.04.
- The company's return on equity and return on assets are below industry medians, indicating lower capital efficiency.
- Revenue is heavily concentrated in government contracts, increasing exposure to budgetary and geopolitical risks.
- No immediate dilution or liquidity risks are present, but the company's growth trajectory is uncertain due to defense spending volatility.
Bull / Bear case
Generated · model-assistedAerostar generated 620.4 million RON in FY0 revenue, reflecting a strong 13.3% four-year compound annual growth rate.
The company maintains a zero long-term debt position, providing significant financial flexibility and eliminating interest expense risks.
Free cash flow surged 22.6% year-over-year to 77.6 million RON, demonstrating robust cash generation capabilities.
Net income growth slowed to just 2.4% year-over-year in FY0, despite continued revenue expansion.
Return on equity of 4.34% remains relatively low, indicating modest efficiency in generating profits from shareholder equity.
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- Aerostar SA Market data — financials · 2026-05-27