Jonah’s Growth Stock Deep Dives

Jonah’s Growth Stock Deep Dives

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Jonah’s Growth Stock Deep Dives
Jonah’s Growth Stock Deep Dives
Part 2: Deep dive on AeroVironment (AVAV)

Part 2: Deep dive on AeroVironment (AVAV)

Jonah Lupton's avatar
Jonah Lupton
May 27, 2024
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Jonah’s Growth Stock Deep Dives
Paid subscribers get 2-3 deep dives per month (8,000+ words) and 2-3 mini deep dives per month (2,000+ words) plus access to Jonah's investment portfolio (up +134.7% in 2023), daily activity, daily webcasts and investment models for dozens of stocks
By Jonah Lupton

Paid subscribers to Jonah’s Growth Stock Deep Dives receive ~2 deep dives per month (8,000+ words), ~2 mini deep dives per month (2,000+ words) and quarterly earnings commentary on most of my portfolio companies plus access to my investment portfolio (up +147% YTD in 2024, up +134% in 2023 and up +2,500% since January 2020) with real-time activity, notes/commentary and charts throughout the day.

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My investment strategy is pretty simple. I want to own 20-30 high-quality growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling I will trim or sell my position. If the fundamentals remain strong and valuation remains reasonable then I’ll add on pullbacks. I only want to own stocks that have at least 50% upside within the next 1-2 years and at least 100% upside within the next 3-4 years. If I buy stocks that are too expensive, the fundamentals aren’t good enough or my investment thesis is flawed — then I’ll never hit my investment targets. My objective is to maximize performance in good markets and minimize losses in bad markets. I accomplish this by being very selective in what I own but also using technical analysis and hedges to protect my portfolio in market downturns.


Company: AeroVironment

Ticker: (AVAV)

Website:

https://www.avinc.com/

IPO date: January 23, 2007

IPO price: $17.00

Current stock price: $199.77

Outstanding shares: 28.13 million

52-week high: $200.08 on May 23, 2024

52-week low: $88.24 on May 25, 2023

Market cap: $5.62 billion

Net cash/debt: $67.6 million (cash)

Enterprise value: $5.55 billion

Headquarters: Arlington, Virginia, United States

Number of employees: 1,300+

Average price target from analysts: $180.60


Investor Relations:

https://investor.avinc.com

FY2024 Q3 earnings: https://investor.avinc.com/news-releases/news-release-details/aerovironment-announces-fiscal-2024-third-quarter-results

FY2024 Q3 earnings webcast: https://edge.media-server.com/mmc/p/y6fe4h6s/

FY2024 Q2 earnings: https://investor.avinc.com/news-releases/news-release-details/aerovironment-announces-fiscal-2024-second-quarter-results

FY2024 Q2 earnings webcast: https://edge.media-server.com/mmc/p/4zdqano9/

March 2024 Investor Presentation: https://investor.avinc.com/static-files/f330cb26-4bf8-423b-898b-189794eae04f


Outline

  1. Introduction [part 1]

  2. Company Background [part 1]

  3. Opportunity [part 1]

  4. Business Model [part 1]

  5. Competitive Advantages [part 1]

  6. Risks [part 1]

  7. Valuation [part 2]

  8. Investment Model [part 2]

  9. Analysts [part 2]

  10. Technicals [part 2]

  11. Conclusion [part 2]

Here is part 1 of the AVAV deep dive in case you missed it…

Part 1: Deep dive on AeroVironment (AVAV)

Part 1: Deep dive on AeroVironment (AVAV)

Jonah Lupton
·
May 19, 2024
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