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Park Aerospace

DB:PKE
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PKE
DB
$331M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market. The last earnings update was 2 days ago. More info.


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PKE Share Price and Events
7 Day Returns
-3.3%
DB:PKE
0.8%
Europe Aerospace & Defense
2.8%
DE Market
1 Year Returns
-6.9%
DB:PKE
11.7%
Europe Aerospace & Defense
3%
DE Market
PKE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Park Aerospace (PKE) -3.3% -8.8% 2.8% -6.9% 14.4% -18.7%
Europe Aerospace & Defense 0.8% -3.8% 0.9% 11.7% 67.1% 114.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • PKE underperformed the Aerospace & Defense industry which returned 11.7% over the past year.
  • PKE underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
PKE
Industry
5yr Volatility vs Market

PKE Value

 Is Park Aerospace 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 Park Aerospace 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 Park Aerospace.

DB:PKE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-01) in USD $ .400000
Payout Ratio Company Filings (2019-09-01) 3779.8%
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:PKE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.864 (1 + (1- 21%) (0.11%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.033 * 5.96%)
6.39%

Discounted Cash Flow Calculation for DB:PKE using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Park Aerospace is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:PKE Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.4 / (6.39% - 0.23%)
$5.33
DB:PKE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PKE represents 0.90571x of NYSE:PKE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90571x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.50 x 0.90571
€5.88
Value per share (EUR) From above. €5.88
Current discount Discount to share price of €14.60
= -1 x (€14.60 - €5.88) / €5.88
-148.1%

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

  • The current share price of Park Aerospace is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Park Aerospace's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Park Aerospace's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PKE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-01) in USD $0.41
NYSE:PKE Share Price ** NYSE (2019-10-11) in USD $16.12
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 21.4x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Park Aerospace.

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

= NYSE:PKE Share Price ÷ EPS (both in USD)

= 16.12 ÷ 0.41

39.02x

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

  • Park Aerospace is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • Park Aerospace is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Park Aerospace's expected growth come at a high price?
Raw Data
DB:PKE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.4%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.59x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Park Aerospace, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Park Aerospace's assets?
Raw Data
DB:PKE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-01) in USD $7.84
NYSE:PKE Share Price * NYSE (2019-10-11) in USD $16.12
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.96x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:PKE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PKE Share Price ÷ Book Value per Share (both in USD)

= 16.12 ÷ 7.84

2.06x

* Primary Listing of Park Aerospace.

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

  • Park Aerospace is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Park Aerospace'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. Park Aerospace has a total score of 0/6, 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.

PKE Future Performance

 How is Park Aerospace expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Park Aerospace, future earnings growth has been estimated based on fundamentals.
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
15.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Park Aerospace expected to grow at an attractive rate?
  • Park Aerospace's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Park Aerospace's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Park Aerospace's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PKE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PKE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.4%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:PKE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PKE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:PKE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-01 58 3 8
2019-06-02 56 10 8
2019-03-03 51 8 6
2018-11-25 115 9 24
2018-08-26 42 5 20
2018-05-27 42 1 19
2018-02-25 40 3 18
2017-11-26 58 7 4
2017-08-27 74 6 5
2017-05-28 92 7 6
2017-02-26 32 13 -1
2016-11-27 123 18 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Park Aerospace's earnings are expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Park Aerospace is high growth as no revenue estimate data is available.
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:PKE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Park Aerospace Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PKE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:PKE Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-01 0.41
2019-06-02 0.40
2019-03-03 0.31
2018-11-25 1.19
2018-08-26 1.00
2018-05-27 0.95
2018-02-25 0.91
2017-11-26 0.19
2017-08-27 0.26
2017-05-28 0.32
2017-02-26 -0.05
2016-11-27 0.56

*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.
  • Unable to establish if Park Aerospace will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Park Aerospace'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.
Park Aerospace has a total score of 2/6, 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.

PKE Past Performance

  How has Park Aerospace 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 Park Aerospace'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.
  • Park Aerospace has delivered over 20% year on year earnings growth in the past 5 years.
  • Park Aerospace's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Park Aerospace's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.
Earnings and Revenue History
Park Aerospace'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 Park Aerospace Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PKE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-01 58.19 8.43 8.59
2019-06-02 55.67 8.20 8.79
2019-03-03 51.12 6.31 8.97
2018-11-25 115.34 24.04 18.38
2018-08-26 41.75 20.18 9.40
2018-05-27 41.90 19.22 9.52
2018-02-25 40.23 18.47 9.86
2017-11-26 57.91 3.75 11.88
2017-08-27 74.14 5.28 13.97
2017-05-28 91.85 6.41 16.84
2017-02-26 31.84 -1.09 10.31
2016-11-27 122.77 11.38 20.19
2016-08-28 130.63 13.61 20.85
2016-05-29 139.52 16.20 20.75
2016-02-28 145.86 18.03 21.21
2015-11-29 146.34 18.30 21.85
2015-08-30 146.70 16.22 22.34
2015-05-31 151.10 16.60 23.58
2015-03-01 162.09 20.04 24.37
2014-11-30 164.00 -44.82 25.07
2014-08-31 169.00 -42.13 25.42
2014-06-01 171.14 -39.04 25.21
2014-03-02 165.76 -42.33 25.17
2013-12-01 170.29 21.77 25.29
2013-09-01 171.88 21.76 25.55
2013-06-02 173.81 16.96 26.10
2013-03-03 176.42 16.96 26.60
2012-11-25 177.42 16.04 26.82

*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.
  • Park Aerospace has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Park Aerospace used its assets less efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Park Aerospace has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Park Aerospace'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.
Park Aerospace has a total score of 2/6, 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.

PKE Health

 How is Park Aerospace'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 Park Aerospace's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Park Aerospace is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Park Aerospace's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Park Aerospace'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.
  • Low level of unsold assets.
  • Park Aerospace has no debt, it does not need to be covered by short term assets.
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 Park Aerospace Company Filings, last reported 1 month ago.

DB:PKE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-01 160.80 0.00 145.36
2019-06-02 160.09 0.00 151.06
2019-03-03 159.01 0.00 151.62
2018-11-25 140.11 0.00 112.39
2018-08-26 138.20 0.00 108.31
2018-05-27 136.62 0.00 106.05
2018-02-25 135.26 0.00 108.23
2017-11-26 179.19 69.25 231.83
2017-08-27 181.11 70.25 233.06
2017-05-28 182.25 71.25 237.80
2017-02-26 182.83 72.00 238.59
2016-11-27 182.16 72.75 238.82
2016-08-28 182.38 73.50 239.71
2016-05-29 182.06 74.25 242.40
2016-02-28 180.87 75.00 237.43
2015-11-29 178.12 86.50 229.64
2015-08-30 175.83 89.00 229.46
2015-05-31 175.42 91.50 229.02
2015-03-01 181.60 94.00 272.13
2014-11-30 211.80 104.00 285.31
2014-08-31 211.66 104.00 285.19
2014-06-01 206.98 104.00 277.24
2014-03-02 200.54 104.00 270.36
2013-12-01 313.54 52.00 291.26
2013-09-01 309.73 52.00 284.12
2013-06-02 303.43 52.00 279.32
2013-03-03 299.92 52.00 275.22
2012-11-25 349.46 0.00 273.51
  • Park Aerospace has no debt.
  • Park Aerospace has no debt compared to 5 years ago when it was 49.1%.
  • Park Aerospace has no debt, it does not need to be covered by operating cash flow.
  • Park Aerospace has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Park Aerospace'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. Park Aerospace has a total score of 6/6, 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.

PKE Dividends

 What is Park Aerospace'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
2.48%
Current annual income from Park Aerospace dividends.
If you bought €2,000 of Park Aerospace shares you are expected to receive €50 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?
  • Park Aerospace's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Park Aerospace's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:PKE 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 0 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:PKE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
DB:PKE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-09-11 0.400 2.271
2019-06-12 0.400 2.362
2019-03-13 0.400 2.488
2018-12-12 0.400 2.123
2018-09-12 0.400 2.168
2018-06-12 0.400 1.818
2018-03-14 0.400 2.172
2017-12-19 0.400 2.151
2017-09-13 0.400 2.119
2017-06-14 0.400 2.202
2017-03-15 0.400 2.302
2016-12-14 0.400 2.141
2016-09-14 0.400 2.415
2016-06-20 0.400 2.490
2016-03-15 0.400 2.543
2015-09-16 1.900 11.953
2015-06-16 1.900 10.447
2015-03-17 1.900 8.825
2014-12-15 1.900 8.533
2014-09-16 2.900 11.909
2014-06-19 2.900 10.208
2014-03-14 2.900 10.494
2013-12-17 2.900 10.189
2013-09-17 0.400 1.408
2013-06-18 0.400 1.501
2013-03-18 0.400 1.654
2012-12-18 0.400 1.552
2012-09-14 0.400 1.632
2012-06-15 0.400 1.521
2012-03-15 0.400 1.505
2011-12-15 0.400 1.404
2011-09-15 0.400 1.574
2011-06-15 0.400 1.559
2011-03-14 0.400 1.326
2010-12-06 0.400 1.292
2010-09-16 0.400 1.461
2010-06-16 0.400 1.565
2010-03-16 0.400 1.453
2009-12-15 0.400 1.485
2009-07-22 0.400 1.703
2009-06-12 0.320 1.543
2009-03-17 0.320 1.650
2008-12-17 0.320 1.871

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Park Aerospace's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Park Aerospace's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Park Aerospace afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Park Aerospace 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.

PKE Management

 What is the CEO of Park Aerospace'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
Brian Shore
COMPENSATION $355,558
AGE 67
TENURE AS CEO 22.9 years
CEO Bio

Mr. Brian E. Shore has been Director at Park Electrochemical Corp. since 1983, Chief Executive Officer since November 1996 and Chairman of the Board since July 14, 2004. Mr. Shore was also President of Park Electrochemical Corp. since March 4, 1996 until July 29, 2014. He served as a Vice President of Park Electrochemical Corp. since January 1993, Executive Vice President since May 1994 and its General Counsel since April 1988 until April 1994.

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

Average tenure and age of the Park Aerospace management team in years:

3.9
Average Tenure
49
Average Age
  • The tenure for the Park Aerospace management team is about average.
Management Team

Brian Shore

TITLE
Chairman & CEO
COMPENSATION
$356K
AGE
67
TENURE
22.9 yrs

P. Farabaugh

TITLE
Senior VP
COMPENSATION
$309K
AGE
58
TENURE
7.5 yrs

Mark Esquivel

TITLE
Executive VP & COO
COMPENSATION
$345K
AGE
46
TENURE
0.8 yrs

Stephen Gilhuley

TITLE
Executive VP of Administration & Secretary
COMPENSATION
$310K
AGE
74
TENURE
7.5 yrs

Gus Petropoulos

TITLE
Senior VP & General Counsel
COMPENSATION
$439K
AGE
41
TENURE
5.1 yrs

Steven Peake

TITLE
Vice President of Technology
TENURE
0.3 yrs

Ben Shore

TITLE
Senior Vice President of Sales
AGE
31
TENURE
0.8 yrs

Frank Alberto

TITLE
President of Nelco Products Pte. Ltd
TENURE
2.8 yrs

John Jamieson

TITLE
Vice President of Aerospace Supply Chain Management and President of Neltec Inc Business Unit
TENURE
2.4 yrs

Tony DiGaudio

TITLE
Vice President of Marketing Technology
COMPENSATION
$216K
AGE
49
TENURE
10.1 yrs
Board of Directors Tenure

Average tenure and age of the Park Aerospace board of directors in years:

9.4
Average Tenure
71
Average Age
  • The tenure for the Park Aerospace board of directors is about average.
Board of Directors

Brian Shore

TITLE
Chairman & CEO
COMPENSATION
$356K
AGE
67
TENURE
15.3 yrs

Dale Blanchfield

TITLE
Lead Independent Director
COMPENSATION
$37K
AGE
81
TENURE
7 yrs

Steven Warshaw

TITLE
Independent Director
COMPENSATION
$32K
AGE
70
TENURE
15.8 yrs

Emily Groehl

TITLE
Independent Director
COMPENSATION
$26K
AGE
72
TENURE
9.4 yrs

Carl Smith

TITLE
Independent Director
COMPENSATION
$30K
AGE
71
TENURE
4.3 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 (€)
24. Jan 19 Sell GAMCO Investors, Inc. Company 11. Dec 18 23. Jan 19 -298,300 €19.94 €-5,796,814
X
Management checks
We assess Park Aerospace'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. Park Aerospace 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.

PKE News

Simply Wall St News

PKE Company Info

Description

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market. It offers advanced composite materials, including film adhesives and lightning strike materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts. The company also offers specialty ablative materials for rocket motors and nozzles; and specially designed materials for radome applications. In addition, it designs and fabricates composite parts, structures and assemblies, and low volume tooling for the aerospace industry. The company was formerly known as Park Electrochemical Corp. and changed its name to Park Aerospace Corp. in July 2019. Park Aerospace Corp. was founded in 1954 and is headquartered in Melville, New York.

Details
Name: Park Aerospace Corp.
PKE
Exchange: DB
Founded: 1954
$299,328,004
20,517,939
Website: http://www.parkaerospace.com
Address: Park Aerospace Corp.
48 South Service Road,
Suite 300,
Melville,
New York, 11747,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PKE Common Stock New York Stock Exchange US USD 02. Jan 1968
DB PKE Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
112
Park Aerospace employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:35
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2018/05/07
Last earnings filing: 2019/10/11
Last earnings reported: 2019/09/01
Last annual earnings reported: 2019/03/03


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.