Added to YB: 2026-08-20
Pitch date: 2026-08-18
AADX [bullish]
Applied Aerospace & Defense, Inc.
-4.06%
current return
Author Info
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Company Info
Applied Aerospace & Defense, Inc. designs, engineers, and manufactures integrated aerospace and defense subsystems for space and defense applications.
Market Cap
$3.1B
Pitch Price
$18.00
Price Target
26.00 (+51%)
Dividend
N/A
EV/EBITDA
-335.48
P/E
-17.61
EV/Sales
6.04
Sector
Aerospace and Defense
Category
value
Everybody's Supplier. Nobody Knows. - $AADX
AADX: Post-IPO A&D supplier, 87% sole-source, 39yr avg customer tenure. Q2 rev +47%, adj EBITDA +39%, but $110M one-time IPO SBC charge tanked stock -17% below $20 offer. Delevered to 2.7x, CFO+3 dirs bought at $20, no sellers. 600k sqft idle capacity + EO 14415 tailwind. Trades 23x EBITDA vs Karman 41x. PT $26 (~42% upside), bull $35, bear $9.25. Risks: Nov lock-up, 73.5% Greenbriar, thin cash, H2 guide/margin recovery test. 12-24mo horizon.
Read full article (45 min)