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Butler National

OTCPK:BUKS
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BUKS
OTCPK
$27M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Butler National Corporation, together with its subsidiaries, engages in the design, engineer, manufacture, sale, integration, installation, repair, modification, overhaul, servicing, and distribution of a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems worldwide. The last earnings update was 23 days ago. More info.


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  • Butler National has significant price volatility in the past 3 months.
BUKS Share Price and Events
7 Day Returns
-7%
OTCPK:BUKS
-14.4%
US Aerospace & Defense
-2%
US Market
1 Year Returns
11.1%
OTCPK:BUKS
-23.1%
US Aerospace & Defense
-15.1%
US Market
BUKS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Butler National (BUKS) -7% -40.3% -42.2% 11.1% 122.2% 110.5%
US Aerospace & Defense -14.4% -31.2% -37.5% -23.1% -11.4% 10.4%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • BUKS outperformed the Aerospace & Defense industry which returned -23.1% over the past year.
  • BUKS outperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
BUKS
Industry
5yr Volatility vs Market

BUKS Value

 Is Butler National 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 Butler National 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 Butler National.

OTCPK:BUKS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:BUKS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
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))
= 0.821 (1 + (1- 21%) (170.54%))
1.621
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.621 * 5.44%)
10.56%

Discounted Cash Flow Calculation for OTCPK:BUKS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Butler National 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.

OTCPK:BUKS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.56%)
2020 9.09 Est @ 8.24% 8.22
2021 9.66 Est @ 6.29% 7.90
2022 10.13 Est @ 4.92% 7.50
2023 10.54 Est @ 3.97% 7.05
2024 10.88 Est @ 3.3% 6.59
2025 11.19 Est @ 2.83% 6.13
2026 11.47 Est @ 2.5% 5.68
2027 11.73 Est @ 2.28% 5.26
2028 11.98 Est @ 2.11% 4.86
2029 12.22 Est @ 2% 4.48
Present value of next 10 years cash flows $63.00
OTCPK:BUKS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $12.22 × (1 + 1.74%) ÷ (10.56% – 1.74%)
$141.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $141.01 ÷ (1 + 10.56%)10
$51.68
OTCPK:BUKS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $63.00 + $51.68
$114.68
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $114.68 / 67.69
$1.69
OTCPK:BUKS Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.69
Current discount Discount to share price of $0.40
= -1 x ($0.40 - $1.69) / $1.69
76.4%

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

Current Discount
Amount off the current price Butler National is available for.
Intrinsic value
>50%
Share price is $0.4 vs Future cash flow value of $1.69
Current Discount Checks
For Butler National to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Butler National's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Butler National'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 Butler National's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Butler National's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BUKS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $0.09
OTCPK:BUKS Share Price ** OTCPK (2020-04-03) in USD $0.4
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 39 Publicly-Listed Aerospace & Defense Companies 12.78x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

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

** Primary Listing of Butler National.

OTCPK:BUKS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:BUKS Share Price ÷ EPS (both in USD)

= 0.4 ÷ 0.09

4.56x

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

  • Butler National is good value based on earnings compared to the US Aerospace & Defense industry average.
  • Butler National is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Butler National's expected growth come at a high price?
Raw Data
OTCPK:BUKS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 31 Publicly-Listed Aerospace & Defense Companies 1.65x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*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 Butler National, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Butler National's assets?
Raw Data
OTCPK:BUKS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $0.49
OTCPK:BUKS Share Price * OTCPK (2020-04-03) in USD $0.4
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 53 Publicly-Listed Aerospace & Defense Companies 1.7x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
OTCPK:BUKS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:BUKS Share Price ÷ Book Value per Share (both in USD)

= 0.4 ÷ 0.49

0.81x

* Primary Listing of Butler National.

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

  • Butler National is good value based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess Butler National'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. Butler National 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.

BUKS Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Butler National has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
10.7%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Butler National expected to grow at an attractive rate?
  • Unable to compare Butler National's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Butler National's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Butler National's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:BUKS Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:BUKS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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.
OTCPK:BUKS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 69 12 6
2019-10-31 66 14 6
2019-07-31 62 9 5
2019-04-30 59 10 4
2019-01-31 57 11 4
2018-10-31 54 10 2
2018-07-31 50 7 1
2018-04-30 48 6 0
2018-01-31 49 5 1
2017-10-31 49 5 1
2017-07-31 51 7 2
2017-04-30 51 6 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Butler National is high growth as no earnings estimate data is available.
  • Unable to determine if Butler National 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
OTCPK:BUKS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Butler National Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BUKS Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 0.09
2019-10-31 0.09
2019-07-31 0.08
2019-04-30 0.06
2019-01-31 0.06
2018-10-31 0.04
2018-07-31 0.01
2018-04-30 0.01
2018-01-31 0.02
2017-10-31 0.02
2017-07-31 0.02
2017-04-30 0.02

*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 Butler National will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Butler National is trading at Butler National'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Butler National's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Butler National's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Butler National'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Butler National has a total score of 0/6, 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.

BUKS Past Performance

  How has Butler National 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 Butler National'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.
  • Butler National has delivered over 20% year on year earnings growth in the past 5 years.
  • Butler National's 1-year earnings growth exceeds its 5-year average (65.6% vs 59.4%)
  • Butler National's earnings growth has exceeded the US Aerospace & Defense industry average in the past year (65.6% vs 3%).
Earnings and Revenue History
Butler National'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 Butler National Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BUKS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 68.97 5.91 13.93
2019-10-31 66.46 5.91 14.09
2019-07-31 62.32 5.41 14.55
2019-04-30 58.71 3.85 14.29
2019-01-31 57.44 3.57 14.49
2018-10-31 54.16 2.25 13.90
2018-07-31 50.02 0.61 12.84
2018-04-30 48.26 0.34 12.33
2018-01-31 48.94 1.12 11.18
2017-10-31 49.22 1.11 11.32
2017-07-31 50.88 1.55 11.34
2017-04-30 50.62 1.53 11.46
2017-01-31 47.42 1.14 11.50
2016-10-31 47.19 1.23 11.28
2016-07-31 44.49 0.23 11.63
2016-04-30 44.79 0.02 11.95
2016-01-31 44.71 -0.68 12.14
2015-10-31 44.72 -0.71 12.07
2015-07-31 46.37 -0.21 11.82
2015-04-30 47.06 0.03 11.39
2015-01-31 49.86 1.32 10.93
2014-10-31 49.62 1.03 10.88
2014-07-31 48.67 0.65 10.87
2014-04-30 47.27 0.11 10.88
2014-01-31 43.79 -0.63 10.19
2013-10-31 43.94 -1.16 10.45
2013-07-31 46.68 -0.71 11.10
2013-04-30 49.15 -0.15 11.83

*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.
  • Butler National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Butler National used its assets more efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.
  • Butler National has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Butler National'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.
Butler National 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.

BUKS Health

 How is Butler National'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 Butler National's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Butler National is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Butler National's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Butler National'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 11.7x 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 Butler National Company Filings, last reported 2 months ago.

OTCPK:BUKS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 39.66 2.53 15.78
2019-10-31 38.81 2.98 17.03
2019-07-31 36.54 3.42 10.25
2019-04-30 34.34 3.98 9.01
2019-01-31 33.37 2.13 8.80
2018-10-31 32.14 3.21 8.97
2018-07-31 30.18 4.62 7.55
2018-04-30 29.27 5.73 7.35
2018-01-31 28.76 6.34 5.12
2017-10-31 28.55 7.37 5.39
2017-07-31 28.72 7.56 5.90
2017-04-30 28.30 8.25 6.39
2017-01-31 26.96 8.19 5.32
2016-10-31 26.95 9.08 6.45
2016-07-31 26.19 11.05 6.31
2016-04-30 26.10 11.67 7.38
2016-01-31 25.12 11.32 6.17
2015-10-31 24.83 10.82 5.62
2015-07-31 25.27 10.79 5.58
2015-04-30 25.40 10.79 6.20
2015-01-31 25.09 10.34 5.05
2014-10-31 24.81 10.25 5.10
2014-07-31 24.74 11.31 5.58
2014-04-30 24.35 12.49 6.26
2014-01-31 22.86 13.67 5.07
2013-10-31 23.08 14.92 4.17
2013-07-31 23.53 16.03 4.56
2013-04-30 23.57 16.08 5.15
  • Butler National's level of debt (6.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.2% vs 6.4% today).
  • Debt is well covered by operating cash flow (492.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Butler National'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. Butler National has a total score of 5/6, 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.

BUKS Dividends

 What is Butler National'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
0%
Current annual income from Butler National dividends.
If you bought $2,000 of Butler National shares you are expected to receive $0 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?
  • Unable to evaluate Butler National's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Butler National's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
OTCPK:BUKS 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
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Butler National has not reported any payouts.
  • Unable to verify if Butler National's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Butler National's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Butler National has not reported any payouts.
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 Butler National's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Butler National afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Butler National has a total score of 0/6, see the detailed checks below.


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

BUKS Management

 What is the CEO of Butler National'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
Clark Stewart
COMPENSATION $840,000
AGE 79
TENURE AS CEO 30.6 years
CEO Bio

Mr. Clark D. Stewart has been the President and Chief Executive Officer of Butler National Corporation since September 1, 1989. Mr. Stewart served as the President of Tradewind Industries Inc., from 1979 to 1985. From 1986 to 1989, he also served as an Executive Vice President of RO Corporation. Since 1980, he served as the President of Tradewind Systems, Inc. Mr. Stewart has been a Director at Butler National Corporation since 1989. Mr. Stewart served as a Director of TransFinancial Holdings Inc., since 1997.

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

Average tenure and age of the Butler National management team in years:

8.9
Average Tenure
52
Average Age
  • The average tenure for the Butler National management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Clark Stewart

TITLE
President
COMPENSATION
$840K
AGE
79
TENURE
30.6 yrs

Tad McMahon

TITLE
Chief Financial Officer
COMPENSATION
$422K
AGE
51
TENURE
3.1 yrs

Craig Stewart

TITLE
VP & President of Aerospace
COMPENSATION
$475K
AGE
45
TENURE
3.1 yrs

Christopher Reedy

TITLE
VP & Secretary
COMPENSATION
$479K
AGE
53
TENURE
15.3 yrs

Marcus Abendroth

TITLE
Vice President of Operations & Director of Maintenance

Robert Olson

TITLE
Head of Commercial Aircraft MRO Sales
TENURE
8.9 yrs

Aric Peters

TITLE
Director of Business Development
Board of Directors Tenure

Average tenure and age of the Butler National board of directors in years:

24.3
Average Tenure
67
Average Age
  • The average tenure for the Butler National board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

R. Wagoner

TITLE
Chairman
COMPENSATION
$40K
AGE
67
TENURE
30.7 yrs

Clark Stewart

TITLE
President
COMPENSATION
$840K
AGE
79
TENURE
31.3 yrs

David Hayden

TITLE
Director
COMPENSATION
$20K
AGE
73
TENURE
24.3 yrs

Brad Hoffman

TITLE
Independent Director
COMPENSATION
$20K
AGE
45
TENURE
9.8 yrs

Mike Tamburelli

TITLE
Independent Director
COMPENSATION
$20K
AGE
56
TENURE
9.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Butler National'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. Butler National 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.

BUKS News

Simply Wall St News

BUKS Company Info

Description

Butler National Corporation, together with its subsidiaries, engages in the design, engineer, manufacture, sale, integration, installation, repair, modification, overhaul, servicing, and distribution of a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems worldwide. The company operates in two segments, Aerospace Products and Professional Services. The Aerospace Products segment provides aircraft modifications, which include business-size aircraft from passenger to freighter configuration, radar systems, addition of aerial photography capabilities, intelligence surveillance reconaissance modifications, and stability enhancing modifications for Learjet, Beechcraft, Cessna, and Dassault Falcon aircraft along with other specialized modifications. This segment also manufactures, sells, and services electronics upgrades for classic weapon control systems that are used on military aircraft and vehicles; and sells, installs, and repairs avionics equipment, including airplane radio equipment and flight control systems, as well as troubleshoots and repairs autopilot systems. The Professional Services segment manages Boot Hill Casino and Resort, a gaming facility, as well as related dining and entertainment facilities in Dodge City, Kansas; and The Stables Casino. This segment also provides architectural services, such as commercial and industrial building design, and engineering services. The company also acquires, refurbishes, and sells airplanes, primarily Learjets. It serves the aviation industry, including owners and operators of single-engine commercial, regional, business, and military aircraft. Butler National Corporation was founded in 1960 and is headquartered in Olathe, Kansas.

Details
Name: Butler National Corporation
BUKS
Exchange: OTCPK
Founded: 1960
$27,074,692
67,686,732
Website: http://www.butlernational.com
Address: Butler National Corporation
19920 West 161st Street,
Olathe,
Kansas, 66062,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK BUKS Common Stock Pink Sheets LLC US USD 02. Jan 1969
Number of employees
Current staff
Staff numbers
342
Butler National employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 23:32
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/12
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


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.