Company Valuation: AAR Corp.

Data adjusted to current consolidation scope
Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,679 1,711 2,474 2,178 4,418 5,353 - -
Change - 1.95% 44.58% -11.97% 102.83% 21.16% - -
Enterprise Value (EV) 1 1,776 1,947 3,444 3,116 5,305 6,059 5,933 5,751
Change - 9.66% 76.84% -9.51% 70.23% 14.21% -2.08% -3.07%
P/E 22.2x 19.8x 55x 175x 23.2x 24.9x 21.9x 18.9x
PBR - - - 1.8x 2.54x 2.83x - -
PEG - 1.2x -1.1x -2.4x 0x 2x 1.6x 1.2x
Capitalization / Revenue 0.92x 0.86x 1.07x 0.78x 1.34x 1.47x 1.37x 1.29x
EV / Revenue 0.98x 0.98x 1.49x 1.12x 1.6x 1.66x 1.52x 1.38x
EV / EBITDA 11.4x 10.3x 14.2x 9.61x 13.2x 13.1x 11.6x 10x
EV / EBIT 16.6x 14.5x 26.7x 16.8x 19.1x 16.6x 14.8x 12.8x
EV / FCF 30.7x -314x 248x 2,226x 85.4x 57.5x 48.8x 39x
FCF Yield 3.26% -0.32% 0.4% 0.04% 1.17% 1.74% 2.05% 2.57%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 2.17 2.53 1.29 0.35 4.86 5.46 6.213 7.205
Distribution rate - - - - - - - -
Net sales 1 1,820 1,990 2,319 2,780 3,308 3,648 3,893 4,162
EBITDA 1 156.4 189.8 242.4 324.2 401.1 462.1 510.7 572.8
EBIT 1 106.9 133.9 129.2 185.2 277.8 365.9 399.5 449.8
Net income 1 78.7 90.2 46.3 12.5 187.7 212 244.4 284.6
Net Debt 1 97.4 236.1 969.6 938.4 887.2 706.3 580.4 398.1
Reference price 2 48.22 50.11 70.99 61.41 112.62 135.90 135.90 135.90
Nbr of stocks (in thousands) 34,812 34,153 34,855 35,468 39,228 39,386 - -
Announcement Date 7/21/22 7/18/23 7/18/24 7/16/25 7/21/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.29x7.24x30.1x0.53% 356B
35.18x3.26x19.31x1.35% 286B
35.83x5.27x22.19x0.95% 173B
18.58x1.79x12.84x2.48% 131B
22.36x1.89x15.47x1.66% 103B
26.9x1.92x13.52x1.9% 80.5B
18.78x1.96x13.91x1.78% 77.44B
34.16x3.79x16.62x1.21% 63.78B
Average 29.01x 3.39x 17.99x 1.48% 158.62B
Weighted average by Cap. 32.38x 4.25x 20.92x 1.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield