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Added to YB: 2024-08-06

Pitch date: 2024-04-11

ISSC [bullish]

Innovative Solutions and Support, Inc.

+13.16%

current return

Author Info

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Company Info

Innovative Solutions and Support, Inc., a systems integrator, designs, develops, manufactures, sells, and services flight guidance, autothrottles, and cockpit display systems in the United States and internationally.

Market Cap

$127.7M

Pitch Price

$6.61

Price Target

10.00 (+34%)

Dividend

N/A

Sector

Aerospace and Defense

Category

turnaround

Mispriced Avionics Player Poised for an Inflection : Innovative Solutions and Support, Inc.

ISSC: Acquired Honeywell product lines for 3.75x 2022 op income. Expect 40% rev growth, 75% EBITDA growth in 2024. Alt data suggests strong autothrottle sales from Textron King Air orders. UMS addresses pilot shortage. Overhang from founder estate sales ending. 85% upside to $10 by 2026 at 20x $0.49 EPS.

Read full article (15 min)