Butler National Corporation (“Butler National” the “Company”, “we”, “us”, or “our”) was incorporated in 1960. Our companies design, engineer, manufacture, sell, integrate, install, repair, modify, overhaul, service and distribute a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies and systems (“Aerospace Products”). We serve a broad, worldwide spectrum of the aviation industry, including owners of aircraft and contractors involved with private, commercial, business, and government aircraft operations. We also serve commercial weapon manufacturers and suppliers to governments and their agencies. In addition, our companies provide management services in the gaming industry, which includes owning the land and building for the Boot Hill Casino and Resort in Dodge City, Kansas (“Professional Services”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 92M | 84M | 78M | 75M | 72M | 61M |
| Net Income | 20M | 13M | 13M | 4.5M | 10M | 1.4M |
| EPS | $0.30 | $0.19 | $0.18 | $0.06 | $0.14 | $0.02 |
| Free Cash Flow | 16M | 10M | -1.2M | 14M | 1.6M | 6.5M |
| ROIC | 48.5% | 21.6% | 16.0% | 12.5% | 18.5% | 11.0% |
| Gross Margin | 68.2% | 64.4% | 63.4% | 65.6% | 68.6% | 62.1% |
| Debt/Equity | 0.47 | 0.62 | 0.79 | 1.03 | 1.32 | 1.46 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 25M | 17M | 13M | 8.7M | 16M | 5.9M |
| Operating Margin | 27.6% | 20.0% | 16.9% | 11.5% | 22.6% | 9.6% |
| ROE | 25.8% | 21.0% | 23.0% | 9.7% | 25.4% | 4.1% |
| Shares Outstanding | 64M | 66M | 70M | 75M | 74M | 72M |
BUTLER NATIONAL CORP passes 7 of 9 quality checks, indicating strong fundamentals.
BUTLER NATIONAL CORP trades at 14.4x trailing earnings, compared to its 15-year median P/E of 8.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.2x vs a median of 6.2x. The company's 5-year average ROIC is 15.9% with a gross margin of 64.8%. Total shareholder yield (buybacks) is 2.6%. At current prices, the estimated annualized return to fair value is +7.9%.
BUTLER NATIONAL CORP (BUKS) has a current P/E ratio of 14.4, compared to its historical median P/E of 8.3. The stock is currently considered Fair based on its historical valuation range.
BUTLER NATIONAL CORP (BUKS) has a 5-year average return on invested capital (ROIC) of 15.9%. This indicates strong capital allocation and a potential competitive advantage.
BUTLER NATIONAL CORP (BUKS) has a market capitalization of $240M. It is classified as a small-cap stock.
BUTLER NATIONAL CORP (BUKS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.60%.
Based on historical P/E analysis, BUTLER NATIONAL CORP (BUKS) appears fair. The current P/E of 14.4 is 73% above its historical median of 8.3. The estimated fair value CAGR (P/E method) is 29.0%.
BUTLER NATIONAL CORP (BUKS) operates in the Services-Miscellaneous Amusement & Recreation industry, within the Consumer Cyclical sector.
BUTLER NATIONAL CORP (BUKS) reported annual revenue of $84 million in its most recent fiscal year, based on SEC EDGAR filings.
BUTLER NATIONAL CORP (BUKS) has a net profit margin of 14.9%. This is a healthy margin.
BUTLER NATIONAL CORP (BUKS) generated $10 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BUTLER NATIONAL CORP (BUKS) has a debt-to-equity ratio of 0.62. This indicates moderate leverage.
BUTLER NATIONAL CORP (BUKS) reported earnings per share (EPS) of $0.19 in its most recent fiscal year.
BUTLER NATIONAL CORP (BUKS) has a return on equity (ROE) of 21.0%. This indicates the company generates strong returns for shareholders.
BUTLER NATIONAL CORP (BUKS) has a 5-year average gross margin of 64.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for BUTLER NATIONAL CORP (BUKS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BUTLER NATIONAL CORP (BUKS) has a book value per share of $0.99, based on its most recent annual SEC filing.
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