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Moog

DB:MO7R
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MO7R
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Moog Inc. designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The last earnings update was 72 days ago. More info.


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  • Moog has significant price volatility in the past 3 months.
MO7R Share Price and Events
7 Day Returns
-0.7%
DB:MO7R
-16.8%
Europe Aerospace & Defense
-0.6%
DE Market
1 Year Returns
-
DB:MO7R
-43.6%
Europe Aerospace & Defense
-20.9%
DE Market
MO7R Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Moog (MO7R) -0.7% -25.8% - - - -
Europe Aerospace & Defense -16.8% -41.1% -48.4% -43.6% -25.5% -15%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • No trading data on MO7R.
  • No trading data on MO7R.
Price Volatility
MO7R
Industry
5yr Volatility vs Market

MO7R Value

 Is Moog undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Moog to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Moog.

DB:MO7R Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MO7R
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.82 (1 + (1- 21%) (64.34%))
1.158
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.158 * 5.44%)
5.91%

Discounted Cash Flow Calculation for DB:MO7R using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Moog is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:MO7R DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.91%)
2020 150.02 Analyst x3 141.65
2021 193.13 Analyst x2 172.17
2022 217.50 Analyst x1 183.08
2023 233.88 Est @ 7.53% 185.88
2024 245.94 Est @ 5.16% 184.56
2025 254.53 Est @ 3.49% 180.34
2026 260.46 Est @ 2.33% 174.24
2027 264.40 Est @ 1.51% 167.01
2028 266.88 Est @ 0.94% 159.17
2029 268.33 Est @ 0.54% 151.10
Present value of next 10 years cash flows $1,699.00
DB:MO7R DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $268.33 × (1 + -0.39%) ÷ (5.91% – -0.39%)
$4,242.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,242.08 ÷ (1 + 5.91%)10
$2,388.78
DB:MO7R Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,699.00 + $2,388.78
$4,087.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,087.78 / 33.86
$120.74
DB:MO7R Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MO7R represents 1.03369x of NYSE:MOG.A
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03369x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 120.74 x 1.03369
€124.80
Value per share (EUR) From above. €124.80
Current discount Discount to share price of €49.40
= -1 x (€49.40 - €124.80) / €124.80
60.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Moog is available for.
Intrinsic value
>50%
Share price is €49.4 vs Future cash flow value of €124.8
Current Discount Checks
For Moog to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Moog's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Moog's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Moog's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Moog's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MO7R PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-28) in USD $5.38
NYSE:MOG.A Share Price ** NYSE (2020-04-03) in USD $47.79
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 13.13x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Moog.

DB:MO7R PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MOG.A Share Price ÷ EPS (both in USD)

= 47.79 ÷ 5.38

8.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Moog is good value based on earnings compared to the Europe Aerospace & Defense industry average.
  • Moog is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Moog's expected growth come at a high price?
Raw Data
DB:MO7R PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
7.1%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 27 Publicly-Listed Aerospace & Defense Companies 1.25x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:MO7R PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.89x ÷ 7.1%

1.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Moog is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Moog's assets?
Raw Data
DB:MO7R PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-28) in USD $39.22
NYSE:MOG.A Share Price * NYSE (2020-04-03) in USD $47.79
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.43x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:MO7R PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MOG.A Share Price ÷ Book Value per Share (both in USD)

= 47.79 ÷ 39.22

1.22x

* Primary Listing of Moog.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Moog is good value based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Moog's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Moog has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MO7R Future Performance

 How is Moog expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Moog expected to grow at an attractive rate?
  • Moog's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Moog's earnings growth is positive but not above the Germany market average.
  • Moog's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MO7R Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MO7R Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 7.1%
DB:MO7R Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.9%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MO7R Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MO7R Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 3,225 322 216 1
2021-09-30 3,146 303 215 3
2020-09-30 3,049 269 191 3
2020-04-05
DB:MO7R Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-28 2,980 159 187
2019-09-28 2,905 181 180
2019-06-29 2,840 185 173
2019-03-30 2,791 166 166
2018-12-29 2,762 122 138
2018-09-29 2,709 102 97
2018-06-30 2,658 95 95
2018-03-31 2,592 141 94
2017-12-30 2,535 211 112
2017-09-30 2,498 218 141
2017-07-01 2,467 224 136
2017-04-01 2,454 259 132
2016-12-31 2,433 267 131

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Moog's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Moog's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MO7R Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Moog Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MO7R Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 6.50 6.50 6.50 1.00
2021-09-30 6.25 6.57 6.09 3.00
2020-09-30 5.51 5.58 5.44 3.00
2020-04-05
DB:MO7R Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-28 5.38
2019-09-28 5.16
2019-06-29 4.95
2019-03-30 4.73
2018-12-29 3.90
2018-09-29 2.71
2018-06-30 2.64
2018-03-31 2.62
2017-12-30 3.13
2017-09-30 3.94
2017-07-01 3.79
2017-04-01 3.68
2016-12-31 3.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Moog is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Moog's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Moog has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MO7R Past Performance

  How has Moog performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Moog's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Moog's year on year earnings growth rate has been positive over the past 5 years.
  • Moog's 1-year earnings growth exceeds its 5-year average (36% vs 2.6%)
  • Moog's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (36% vs 8.6%).
Earnings and Revenue History
Moog's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Moog Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MO7R Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-28 2,979.83 187.01 418.15 122.79
2019-09-28 2,904.66 179.75 417.40 126.45
2019-06-29 2,840.32 173.15 406.22 127.07
2019-03-30 2,791.37 166.37 402.80 126.73
2018-12-29 2,761.61 137.98 400.12 129.38
2018-09-29 2,709.47 96.51 395.21 129.84
2018-06-30 2,657.87 94.55 407.56 134.10
2018-03-31 2,592.04 93.95 393.29 139.46
2017-12-30 2,535.39 112.02 379.99 142.42
2017-09-30 2,497.52 141.28 358.88 144.16
2017-07-01 2,467.33 135.82 346.91 144.63
2017-04-01 2,454.41 132.04 346.32 144.32
2016-12-31 2,433.15 131.07 342.03 147.10
2016-10-01 2,411.94 126.75 356.24 147.34
2016-07-02 2,416.08 121.80 345.10 145.92
2016-04-02 2,437.36 121.82 347.28 144.08
2016-01-02 2,463.47 122.86 356.67 135.75
2015-10-03 2,525.53 131.88 371.50 132.27
2015-07-04 2,573.73 143.94 376.86 130.87
2015-04-04 2,622.89 155.73 388.74 129.21
2015-01-03 2,635.52 161.37 401.41 135.03
2014-09-27 2,648.39 158.20 403.49 139.46
2014-06-28 2,652.81 133.57 401.57 136.58
2014-03-29 2,639.75 119.67 395.50 137.19
2013-12-28 2,632.89 118.48 391.46 138.08
2013-09-28 2,610.31 120.50 396.64 134.65
2013-06-29 2,567.19 146.67 400.31 135.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Moog has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Moog used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Moog has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Moog's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Moog has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MO7R Health

 How is Moog's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Moog's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Moog is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Moog's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Moog's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Moog Company Filings, last reported 3 months ago.

DB:MO7R Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-28 1,336.69 977.57 124.23
2019-09-28 1,322.48 832.55 89.76
2019-06-29 1,355.66 825.55 89.25
2019-03-30 1,314.44 825.23 112.75
2018-12-29 1,273.26 816.74 111.80
2018-09-29 1,224.99 861.91 127.03
2018-06-30 1,262.79 860.23 158.81
2018-03-31 1,255.70 907.76 256.95
2017-12-30 1,227.95 962.35 395.97
2017-09-30 1,214.30 957.06 368.63
2017-07-01 1,107.92 956.59 345.09
2017-04-01 1,034.99 956.53 305.64
2016-12-31 986.01 1,001.91 332.05
2016-10-01 994.06 1,006.59 325.18
2016-07-02 1,037.55 1,110.40 394.43
2016-04-02 1,040.52 1,105.57 348.32
2016-01-02 1,012.14 1,132.64 323.32
2015-10-03 994.53 1,076.21 309.85
2015-07-04 1,113.02 1,076.25 277.44
2015-04-04 1,154.98 1,031.54 261.66
2015-01-03 1,240.12 951.76 240.24
2014-09-27 1,347.42 874.17 231.36
2014-06-28 1,530.38 779.86 216.19
2014-03-29 1,593.22 706.18 195.64
2013-12-28 1,577.69 699.02 179.57
2013-09-28 1,535.77 709.28 157.09
2013-06-29 1,402.87 784.82 161.76
  • Moog's level of debt (73.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (76.1% vs 73.1% today).
  • Debt is not well covered by operating cash flow (16.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Moog's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Moog has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MO7R Dividends

 What is Moog's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.09%
Current annual income from Moog dividends. Estimated to be 0% next year.
If you bought €2,000 of Moog shares you are expected to receive €42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Moog's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Moog's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MO7R Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MO7R Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-09-30
2021-09-30 0.00 1.00
2020-09-30 0.00 1.00
2020-04-05
DB:MO7R Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-24 1.000 1.528
2019-11-01 1.000 1.134
2019-07-26 1.000 1.219
2019-04-26 1.000 1.118
2019-01-25 1.000 1.109
2018-11-02 1.000 1.249
2018-07-27 1.000 1.278
2018-04-27 1.000 1.236

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Moog has been paying a dividend for less than 10 years.
  • Moog has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Moog's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.4x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of Moog's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Moog's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Moog afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Moog has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MO7R Management

 What is the CEO of Moog's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Scannell
COMPENSATION $5,739,957
AGE 56
TENURE AS CEO 8.3 years
CEO Bio

Mr. John R. Scannell has been Chief Executive Officer of Moog Inc. since December 1, 2011. Mr. Scannell served as the President and Chief Operating Officer of Moog Inc., since December 2, 2010. He was appointed Vice President of Moog Inc. in 2005. He served as Chief Financial Officer of Moog Inc. from November 28, 2007 to December 2, 2010 and Vice President of Worldwide Aviation & Electronics Group since January 1, 2006 until December 2, 2010. He joined Moog Inc. in 1990 as an Engineering Manager of Moog's Company in Cork, Ireland. He began his career with Moog seventeen years ago in Europe. In 1994, he moved to Germany to become Operations Manager of Moog GmbH. He returned to Moog Inc. in 1999 as the General Manager of Moog Inc. Ireland and the General Manager of the Electric Drives Product Line. In 2003, he joined the Aircraft Group in East Aurora, N.Y. in a manufacturing planning role and in 2004 became Program Director for flight control actuation on the Boeing 787 Program Manager. He was named Corporate Vice President, Contracts and Pricing in 2005. He has been Chairman of Moog, Inc. since January 8, 2014. He was named Moog’s Director of Contracts and Pricing in 2005. He has been a Director of Albany International Corp. since February 16, 2012. He has been a Director of Moog Inc. since 2012 and M&T Bank Corporation and M&T Bank, M&T's principal banking subsidiary since November 20, 2017. Mr. Scannell holds BS and MS Degree in Electrical Engineering from the University College at Cork, Ireland and an MBA from the Harvard Business School.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Moog management team in years:

4.7
Average Tenure
56
Average Age
  • The tenure for the Moog management team is about average.
Management Team

John Scannell

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
56
TENURE
8.3 yrs

Mark Trabert

TITLE
VP & Group President of Aircraft Controls
COMPENSATION
$1M
AGE
60
TENURE
4.7 yrs

Maureen Athoe

TITLE
VP and President of Space & Defense Group
COMPENSATION
$1M
AGE
61
TENURE
4.7 yrs

Jennifer Walter

TITLE
VP & CFO
AGE
48
TENURE
0.3 yrs

Michael Swope

TITLE
Principal Accounting Officer & Controller
AGE
34
TENURE
1.1 yrs

Ann Luhr

TITLE
Head of Investor Relations

Paul DellaNeve

TITLE
Vice President of Corporate Development
TENURE
5.1 yrs

Paul Wilkinson

TITLE
VP & Chief HR Officer
AGE
39
TENURE
2.3 yrs

Timothy Balkin

TITLE
Treasurer & Assistant Secretary
AGE
60
TENURE
19.8 yrs

Pat Roche

TITLE
VP & Group President of Industrial Systems
AGE
56
Board of Directors Tenure

Average tenure and age of the Moog board of directors in years:

6.3
Average Tenure
60
Average Age
  • The tenure for the Moog board of directors is about average.
Board of Directors

Kraig Kayser

TITLE
Independent Director
COMPENSATION
$160K
AGE
58
TENURE
22.3 yrs

John Scannell

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
56
TENURE
6.3 yrs

Brian Lipke

TITLE
Independent Director
COMPENSATION
$160K
AGE
67
TENURE
17.2 yrs

Bill Gisel

TITLE
Independent Director
COMPENSATION
$160K
AGE
66
TENURE
8.3 yrs

Donald Fishback

TITLE
Director
COMPENSATION
$3M
AGE
63
TENURE
5.3 yrs

Peter Gundermann

TITLE
Independent Director
COMPENSATION
$160K
AGE
56
TENURE
11.3 yrs

Brad Lawrence

TITLE
Independent Director
COMPENSATION
$160K
AGE
72
TENURE
5.3 yrs

Brenda Reichelderfer

TITLE
Independent Director
COMPENSATION
$160K
AGE
60
TENURE
4.3 yrs

Janet Coletti

TITLE
Director
AGE
55
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Moog's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Moog has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MO7R News

Simply Wall St News

MO7R Company Info

Description

Moog Inc. designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company’s Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles. This segment also offers steering tactical and strategic missiles; and designs, builds, and integrates weapon stores management systems for light attack aerial reconnaissance, ground, and sea platforms. The company’s Industrial Systems segment provides systems for applications in injection and blow molding machinery, metal forming presses, and heavy industry customers in steel and aluminum production; and supplies solutions for power generation applications, electromechanical motion simulation bases, medical training simulators, and custom test systems and controls. This segment also offers systems and components for applications in oil and gas exploration and production; components for wind turbine applications; and components and systems for diagnostic imaging CT scan medical equipment, sleep apnea equipment, oxygen concentrators, infusion therapy, and enteral clinical nutrition. The company was founded in 1951 and is headquartered in East Aurora, New York.

Details
Name: Moog Inc.
MO7R
Exchange: DB
Founded: 1951
$1,508,803,472
33,857,442
Website: http://www.moog.com
Address: Moog Inc.
400 Jamison Road,
East Aurora,
New York, 14052,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MOG.A Class A Common Stock New York Stock Exchange US USD 28. May 1980
DB MO7A Class A Common Stock Deutsche Boerse AG DE EUR 28. May 1980
NYSE MOG.B Class B Common Stock New York Stock Exchange US USD 02. Jan 1968
DB MO7R Class B Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
12,809
Moog employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 07:03
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/01/24
Last earnings reported: 2019/12/28
Last annual earnings reported: 2019/09/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.