Added to YB: 2024-08-06
Pitch date: 2024-04-11
ISSC [bullish]
Innovative Solutions and Support, Inc.
+1.51%
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
$114.2M
Pitch Price
$6.61
Price Target
10.00 (+49%)
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.
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