Added to YB: 2024-08-06
Pitch date: 2024-04-11
ISSC [bullish]
Innovative Aerosystems, Inc.
+40.7%
current return
Author Info
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Company Info
Innovative Aerosystems, Inc., engages in the engineering, manufacturing, and supply of advanced avionic solutions.
Market Cap
$168.4M
Pitch Price
$6.61
Price Target
10.00 (+5%)
Dividend
N/A
EV/EBITDA
9.31
P/E
14.48
EV/Sales
2.47
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)