I’ve recently discovered the Hybrid/Electric Plane sector that consists mostly of startups. I ran a few numbers with what I could find on a few of them and ERJ Embraer stood out.
For reference, my list was comprised of ERJ, JOBY, ACHR, EVTL, BLDE, and LILM.
They have an incredibly high P/E of 212.25, which I understand is a negative, but here are some of the numbers that drew my attention in spite:
P/B – The company has a P/B of 0.52 which would indicate its book value to be approximately $20.60 based off of a share price of $10.71.
EPS – ERJs most recent quarterly EPS was 0.31, not huge, but it was the only positive EPS of my 6 stock summary. One point of discussion for this could be that the EPS seems to have taken a large dip over the past 5 years, only recently returning to a positive figure, with past highs of over $3 and lows of below $-5.
EBITDA – This was again the only positive EBITDA in my list. I’m not quite sure exactly which other company I could compare this to, but my 5 others were either Hybrid, Electric Plane or VTOL startups, suggesting they’d be similar sectors. All of ERJs presumed competitors had EBITDAs in the $-10M to $-140M range, while ERJ sits at a comfortable $535M.
For the P/E and PEG, ERJ was the only company I compiled that had an figure that I could find, those being- P/E: 212.25, PEG: 93.75%.
For the Income and Asset/Liability areas, ERJ was significantly outlying with the only positive Net Income of $11.1M for the past quarter and an Equity of $15.48B, vs $61.5M to $1.26B from the other companies.
Please share your opinions on all of this, and if I’ve made a mistake with something feel free to correct me 🙂
Leave a Reply