Stock fact sheet · data as of
Innovative Aerosystems, Inc. (IA): fair value, margin of safety and Wheel Score
Industrials · Aerospace & Defense · United States · Speculative / Distressed
Is IA undervalued?
Innovative Aerosystems, Inc. (IA) closed at 18.89 on 16 Oct 2026, close to the GLS average fair value of 18.27 (3.4% above fair value). 3 of the 8 models that produced a number sit above the price, 5 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
The 8 models disagree widely: GLS Growth gives 3.02 while Graham Growth gives 49.57. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files IA under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for IA
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 12.06 | -36% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 10.14 | -46% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 49.57 | +162% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 20.83 | +10% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.02 | -84% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 23.50 | +24% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 15.20 | -20% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 11.81 | -37% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.6687 | -96% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: IA passes 0 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 5.0 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are high - ROIC 17.6%, ROE 24.2%, ROA 15.1% - with debt at 0.37 times equity and a free-cash-flow yield of 4.2%.
Innovative Aerosystems, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | 17.6% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 24.2% |
| Debt / equity | 0.37 | ROA | 15.1% |
| Free-cash-flow yield | 4.2% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 45: Weak
IA scores 45 out of 100 on the Wheel Score, in the Weak band (under 50), capped at 45 because the engine files it as Speculative / Distressed. Value 11/25, Health 0/20, Moat 8/15, Premium 19/20, Stability 9/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 66% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (19 of 20) because volatility this high usually comes with a reason. Chain open interest is 5,408 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 256k shares a day on a market cap of $338M, with a beta of 0.60 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 11 / 25 | -3% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 19 / 20 | implied volatility 66% | |
| Stability | 9 / 20 | 256k shares/day, $338M cap, beta 0.60 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for IA in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Aerospace & Defense
The 12 companies below are the closest to Innovative Aerosystems, Inc. by market cap within the Aerospace & Defense industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SPCE Virgin Galactic Holdings, Inc. | 2.55 | - | - | 38Weak | $328M |
| BUKS Butler National Corporation | 4.78 | 9.59 | +50% | 39No options | $305M |
| TATT TAT Technologies Ltd. | 31.78 | 43.68 | +27% | 39No options | $413M |
| POWWP Outdoor Holding Company - 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock | 24.12 | 6.31 | -282% | 26No options | $266M |
| POWW Outdoor Holding Company | 2.24 | 1.40 | -60% | 43Weak | $260M |
| PKE Park Aerospace Corp. | 26.32 | 9.99 | -163% | 51Fair | $572M |
| EVEX Eve Holding, Inc. | 1.67 | - | - | 38Weak | $582M |
| SATL Satellogic Inc. | 4.13 | - | - | 45Weak | $591M |
| ELMT Elmet Group Co. | 19.49 | 5.01 | -289% | 29No options | $594M |
| SWBI Smith & Wesson Brands, Inc. | 14.18 | 16.66 | +15% | 70Good | $634M |
| AERG Applied Energetics, Inc. | 0.8000 | 0.0114 | -6931% | 15No options | $179M |
| AIRO AIRO Group Holdings, Inc. Common Stock | 5.49 | - | - | 45Weak | $173M |
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about IA
Is IA undervalued right now?
Not meaningfully: at 18.89 the stock trades within a few percent of the GLS average fair value of 18.27 (3.4% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of IA and what does it mean?
IA scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for IA?
18.27 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Innovative Aerosystems, Inc. report earnings next?
No upcoming earnings date is recorded for IA in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does IA have listed options, and how liquid are they?
Yes. The nightly snapshot found 184 listed contracts with 5,408 open interest across all expiries and implied volatility of 66% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.