Spirit AeroSystems Holdings, Inc.: Company Profile and SWOT Analysis by ICDResearch

VIEWS: 10 PAGES: 33

More Info
									Spirit AeroSystems Holdings, Inc.

_________________________________________________________________________________



Spirit AeroSystems Holdings, Inc.                                               Financial Snapshot

                                                                                Operating Performance
Fast Facts
                                    3801 South Oliver, Wichita, 67210,United    The company reported revenues of US$4,172.40
Headquarters Address
                                    States of America                           million during 2010, with a CAGR of 6.79% during
                                                                                2006–2010. Its revenue grew at an annual rate of
Telephone                           + 1 316 5269000
                                                                                2.30% over the previous fiscal year. In 2010, the
                                                                                company recorded an operating margin of 8.56%, as
Fax                                 N/A                                         against 7.44% in 2009.

Website                             www.spiritaero.com
                                                                                Revenue and Margins
Ticker Symbol, Stock Exchange       SPR, New York Stock Exchange

Number of Employees                 12,589

Fiscal Year End                     December

Revenue (in US$ million)            4,172.40




SWOT Analysis

Strengths                           Weaknesses                                  Return on Equity

Strong liquidity position           Overdependence on few customers             The company recorded a return on equity (ROE) of
                                                                                12.09% for 2010, as compared to its peers, Fuji
                                                                                Heavy Industries Ltd. (Ticker: 7270), Saab AB (Ticker:
Strong operating performance                                                    SAAB B) and CPI Aerostructures, Inc. (Ticker: CVU),
                                                                                which recorded ROEs of 100.00%, 3.84% and 1.19%
Strong order book                                                               respectively. The company reported an operating
                                                                                margin of 8.56% in 2010.
Opportunities                       Threats
                                                                                Return on Equity
Growing global defense market       Rapidly changing technology

Sizable US aircraft manufacturing
                                    Stringent regulations in airline industry
market

Supply agreements




                                                                                Liquidity Position

                                                                                The company reported a current ratio of 2.83 in 2010,
                                                                                as compared to its peers, Fuji Heavy Industries Ltd.,
                                                                                Saab AB and CPI Aerostructures, Inc., which
                                                                                recorded current ratios of 1.00, 1.25 and 5.28
                                                                                respectively. As of December 2010, the company
                                                                                recorded cash and short-term investments of worth
                                                                                US$481.60 million, against US$9.50 million current
                                                                                debt. The company reported a debt to equity ratio of
                                                                                0.66 in 2010 as compared to its peers, Fuji Heavy
                                                                                Industries Ltd., Saab AB and CPI Aerostructures, Inc.,
                                                                                which recorded debt to equity ratios of 1.00, 0.15 and
                                                                                0.06 respectively.




___________________________________________________________________________________________

Spirit AeroSystems Holdings, Inc. - SWOT Profile                                                                        Page 1
Spirit AeroSystems Holdings, Inc.

_________________________________________________________________________________


TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Operational Efficiency ......................................................................................................................................13
      2.2.5       Solvency ..........................................................................................................................................................14
      2.2.6       Valuation ..........................................................................................................................................................15
    2.3       Competitive Benchmarking ..................................................................................................................................16
      2.3.1       Efficiency ..........................................................................................................................................................16
      2.3.2       Valuation ..........................................................................................................................................................17
      2.3.3       Turnover – Inventory and Asset .......................................................................................................................18
      2.3.4       Liquidity ............................................................................................................................................................19
3     SWOT Analysis ...................................................................................................................................... 20
    3.1       SWOT Analysis - Overview ..................................................................................................................................20
    3.2       Strengths ..............................................................................................................................................................20
    3.3       Weaknesses .........................................................................................................................................................20
    3.4       Opportunities ........................................................................................................................................................20
    3.5       Threats ...................................................................................
								
To top