AIRI - Air Industries Group Stock Price, Fair Value and News

5.40USD+0.04 (+0.75%)Market Closed

Market Summary

USD5.40+0.04

Market Closed

0.75%

AIRI Stock Price

View Fullscreen

AIRI RSI Chart

AIRI Valuation

Market Cap

18.0M

Price/Earnings (Trailing)

-8.09

Price/Sales (Trailing)

0.34

EV/EBITDA

12.94

Price/Free Cashflow

9.28

AIRI Price/Sales (Trailing)

AIRI Profitability

Operating Margin

16.67%

EBT Margin

-4.18%

Return on Equity

-15.26%

Return on Assets

-4.41%

Free Cashflow Yield

10.78%

AIRI Fundamentals

AIRI Revenue

Revenue (TTM)

53.0M

Rev. Growth (Yr)

12.05%

Rev. Growth (Qtr)

4.4%

AIRI Earnings

Earnings (TTM)

-2.2M

Earnings Growth (Yr)

-14.24%

Earnings Growth (Qtr)

-490.06%

Breaking Down AIRI Revenue

Last 7 days

-15.5%

Last 30 days

-5.3%

Last 90 days

21.1%

Trailing 12 Months

50%

How does AIRI drawdown profile look like?

AIRI Financial Health

Current Ratio

1.44

Debt/Equity

0.1

Debt/Cashflow

2.18

AIRI Investor Care

Shares Dilution (1Y)

2.01%

Diluted EPS (TTM)

-0.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	53.0M	0	0	0
2023	53.7M	52.9M	51.9M	51.5M
2022	57.3M	55.8M	54.8M	53.2M
2021	50.4M	57.3M	58.0M	58.9M
2020	54.1M	49.3M	48.9M	50.1M
2019	46.5M	48.9M	52.2M	54.6M
2018	50.7M	44.6M	41.6M	44.5M
2017	48.8M	46.5M	44.5M	51.5M
2016	78.8M	79.1M	73.8M	51.3M
2015	65.7M	71.4M	77.3M	80.4M
2014	64.0M	62.7M	61.8M	64.3M
2013	62.5M	61.9M	62.4M	62.8M
2012	57.2M	59.3M	61.6M	64.2M
2011	0	50.3M	52.0M	53.7M
2010	0	0	0	48.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Air Industries Group

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 25, 2024	taglich robert	acquired	12,597	4.81	2,619	-
Apr 25, 2024	porcelain michael	acquired	13,006	4.81	2,704	-
Apr 25, 2024	taglich michael n	acquired	12,597	4.81	2,619	-
Jan 08, 2024	porcelain michael	acquired	13,004	3.1	4,195	-
Jan 08, 2024	taglich michael n	acquired	12,598	3.1	4,064	-
Jan 08, 2024	taglich robert	acquired	12,598	3.1	4,064	-
Oct 04, 2023	taglich robert	acquired	12,597	2.89	4,359	-
Oct 04, 2023	porcelain michael	acquired	13,005	2.89	4,500	-
Oct 04, 2023	taglich michael n	acquired	12,597	2.89	4,359	-
Jul 19, 2023	rettaliata peter	acquired	9,377	3.54	2,649	-

Which funds bought or sold AIRI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Royal Bank of Canada	new	-	-	-	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-17.93	1,336	8,479	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	unchanged	-	462	1,499	-%
May 15, 2024	MORGAN STANLEY	sold off	-100	-2,980	-	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	24,038	77,908	-%
May 10, 2024	VANGUARD GROUP INC	reduced	-5.11	130,181	479,884	-%
May 10, 2024	OSAIC HOLDINGS, INC.	unchanged	-	7,250	23,500	-%
May 10, 2024	Scarborough Advisors, LLC	sold off	-100	-956	-	-%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	5.88	30.00	85.00	-%
May 09, 2024	Richmond Brothers, Inc.	reduced	-64.47	-154,770	163,584	0.30%

Are Funds Buying or Selling AIRI?

Are funds buying AIRI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AIRI

No. of Funds

Unveiling Air Industries Group's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 05, 2024	taglich robert	14.53%	481,667	SC 13D/A
Feb 05, 2024	taglich michael n	21.01%	696,069	SC 13D/A
Feb 14, 2023	taglich michael n	19.4%	678,642	SC 13D/A
Feb 14, 2023	taglich robert	13.5%	464,240	SC 13D/A
Oct 22, 2021	richmond brothers, inc.	6.92%	2,242,374	SC 13D/A
Oct 12, 2021	richmond brothers, inc.	7.90%	2,560,014	SC 13D/A
Apr 30, 2021	richmond brothers, inc.	-	0	SC 13D/A
Mar 31, 2020	richmond brothers, inc.	14.0%	4,321,837	SC 13D/A

Recent SEC filings of Air Industries Group

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 15, 2024	8-K	Current Report
May 15, 2024	10-Q	Quarterly Report
Apr 29, 2024	4	Insider Trading
Apr 29, 2024	4	Insider Trading
Apr 29, 2024	4	Insider Trading
Apr 29, 2024	10-K/A	Annual Report
Apr 15, 2024	10-K	Annual Report
Apr 02, 2024	NT 10-K	NT 10-K
Apr 01, 2024	8-K	Current Report

Peers (Alternatives to Air Industries Group)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BA	113.6B	76.4B	8.72%	-10.70%	-52.82	1.49	8.37%	47.92%
GD	82.1B	43.1B	5.16%	41.81%	24.25	1.9	8.09%	-0.18%
LHX	42.4B	20.2B	11.05%	20.35%	36.17	2.1	15.66%	26.95%
HWM	33.9B	6.9B	30.70%	83.58%	39.37	4.93	15.47%	76.95%
HEI	29.8B	3.2B	9.16%	20.69%	70.11	9.19	38.68%	18.86%
AXON	21.8B	1.7B	-3.68%	43.18%	83.09	12.96	31.69%	90.90%
HII	10.1B	11.6B	-5.81%	27.02%	14.29	0.87	7.53%	24.12%
MID-CAP
CW	10.7B	2.9B	11.46%	69.26%	28.48	3.64	11.39%	20.50%
BWXT	8.1B	2.5B	-4.85%	32.85%	31.91	3.19	11.52%	5.39%
AVAV	5.5B	705.8M	32.20%	77.40%	-51.04	7.73	44.89%	-1159.76%
SMALL-CAP
DCO	856.0M	766.6M	13.00%	39.33%	48.79	1.12	4.98%	-32.31%
SPCE	407.2M	8.4M	5.32%	-77.95%	-0.92	48.52	194.12%	21.45%
ISSC	92.5M	41.0M	-18.87%	-24.21%	14.63	2.26	46.14%	28.25%
CODA	74.1M	642.5K	9.05%	-25.34%	31.44	106.77	-97.11%	-47.43%
ASTC	16.0M	2.0M	-1.36%	-14.45%	-1.45	7.99	456.67%	-18.02%

Air Industries Group News

Latest updates

Air Industries Group Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.4%	14,061,000	13,469,000	12,293,000	13,205,000	12,549,000	13,890,000	13,278,000	14,008,000	12,062,000	15,420,000	14,354,000	15,453,000	13,712,000	14,494,000	13,662,000	8,494,000	13,447,000	13,330,000	13,997,000	13,368,000	13,878,000
Cost Of Revenue	-	-	-	-	-	-	-	11,036,000	11,586,000	9,984,000	11,581,000	12,340,000	12,850,000	11,915,000	12,433,000	12,006,000	7,880,000	11,266,000	11,616,000	11,034,000	11,177,000	11,604,000
Gross Profit	-11.3%	1,906,000	2,150,000	1,228,000	2,170,000	1,880,000	710,000	2,242,000	2,422,000	2,078,000	3,839,000	2,014,000	2,603,000	1,797,000	2,061,000	1,656,000	614,000	2,181,000	1,714,000	2,963,000	2,191,000	2,274,000
Costs and Expenses	-	26,000	-	-	-	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	38.5%	2,165,000	1,563,000	2,024,000	2,098,000	2,038,000	1,530,000	2,073,000	2,172,000	1,871,000	1,996,000	1,837,000	2,163,000	1,770,000	1,887,000	1,896,000	1,906,000	2,262,000	2,697,000	1,808,000	1,972,000	2,062,000
EBITDA Margin	-9.1%	0.03	0.03	0.01	0.03	0.03	0.04	0.09	0.09	0.09	0.09	0.10	0.10	0.07	0.07	-	-	-	-	-	-	-
Interest Expenses	1533.3%	344,000	-24,000	517,000	597,000	358,000	-44,000	323,000	-	-	-	-	-	-	244,000	442,000	33,000	205,000	1,014,000	500,000	475,000	285,000
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	-	-1,414,000	15,000	22,000	-	-
Earnings Before Taxes	-490.1%	-706,000	181,000	-1,299,000	-395,000	-618,000	-899,000	-142,000	-7,000	-28,000	1,606,000	-66,000	239,000	-152,000	2,331,000	-477,000	-1,584,000	-356,000	-1,251,000	420,000	-735,000	-995,000
EBT Margin	-1.2%	-0.04	-0.04	-0.06	-0.04	-0.03	-0.02	0.03	0.03	0.03	0.03	0.04	0.03	0.00	0.00	-	-	-	-	-	-	-
Net Income	-490.1%	-706,000	181,000	-1,299,000	-395,000	-618,000	-899,000	-142,000	-7,000	-28,000	1,606,000	-66,000	239,000	-152,000	2,099,000	-477,000	-1,584,000	1,058,000	-1,261,000	187,000	-735,000	-923,000
Net Income Margin	-1.2%	-0.04	-0.04	-0.06	-0.04	-0.03	-0.02	0.03	0.03	0.03	0.03	0.04	0.03	0.00	0.02	-	-	-	-	-	-	-
Free Cashflow	86.2%	-343,000	-2,483,000	5,203,000	-442,000	465,000	140,000	-1,041,000	-1,867,000	855,000	1,169,000	2,343,000	-1,106,000	294,000	-667,000	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.9%	50.00	51.00	50.00	54.00	53.00	54.00	55.00	56.00	52.00	53.00	54.00	56.00	57.00	58.00	59.00	55.00	54.00	51.00	51.00	53.00	51.00
Current Assets	-1.1%	38.00	39.00	38.00	42.00	41.00	42.00	43.00	43.00	40.00	41.00	41.00	43.00	44.00	44.00	44.00	42.00	42.00	38.00	38.00	40.00	38.00
Cash Equivalents	-35.0%	0.00	0.00	1.00	1.00	1.00	0.00	0.00	1.00	0.00	1.00	1.00	1.00	2.00	3.00	1.00	2.00	1.00	1.00	0.00	1.00	0.00
Inventory	-1.6%	29.00	30.00	31.00	33.00	32.00	32.00	33.00	33.00	32.00	30.00	29.00	30.00	32.00	32.00	33.00	34.00	30.00	29.00	30.00	30.00	29.00
Net PPE	-0.2%	8.00	8.00	9.00	9.00	9.00	8.00	8.00	8.00	8.00	8.00	8.00	9.00	9.00	10.00	9.00	7.00	7.00	8.00	8.00	8.00	8.00
Goodwill	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Liabilities	0.5%	36.00	36.00	35.00	38.00	37.00	37.00	37.00	38.00	35.00	36.00	38.00	41.00	42.00	43.00	47.00	43.00	41.00	41.00	40.00	43.00	40.00
Current Liabilities	0.3%	27.00	27.00	26.00	25.00	23.00	24.00	24.00	24.00	23.00	23.00	24.00	26.00	27.00	27.00	35.00	34.00	20.00	33.00	33.00	35.00	32.00
Long Term Debt	31.7%	1.00	1.00	1.00	-	-	5.00	-	-	-	-	4.00	4.00	5.00	5.00	1.00	4.00	17.00	3.00	0.00	0.00	0.00
LT Debt, Current	1.7%	16.00	16.00	14.00	-	-	14.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	1.00	1.00	-	-	5.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-4.2%	15.00	15.00	15.00	16.00	16.00	17.00	18.00	18.00	17.00	17.00	16.00	16.00	15.00	15.00	11.00	12.00	13.00	10.00	11.00	10.00	11.00
Retained Earnings	-1.0%	-68.45	-67.74	-67.92	-66.62	-66.23	-65.61	-64.71	-64.57	-64.56	-64.53	-66.14	-66.07	-66.31	-66.16	-68.26	-67.78	-66.20	-67.26	-65.99	-66.18	-65.45
Additional Paid-In Capital	0.1%	83.00	83.00	83.00	83.00	83.00	82.00	82.00	82.00	82.00	82.00	82.00	82.00	81.00	81.00	80.00	79.00	79.00	77.00	77.00	76.00	76.00
Shares Outstanding	0.4%	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	-	-	-	-	-	-	-
Float	-	-	-	-	9.00	-	-	-	17.00	-	-	-	32.00	-	-	-	21.00	-	-	-	19.00	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	89.6%	-232	-2,231	5,687	-32.00	1,438	521	-388	-970	1,285	1,550	2,695	-748	567	1,659	-2,141	-729	-314	-1,158	1,763	235	-1,728
Share Based Compensation	-80.6%	62.00	320	54.00	54.00	54.00	364	54.00	54.00	54.00	82.00	147	57.00	157	-55.00	52.00	74.00	140	-107	25.00	93.00	233
Cashflow From Investing	54.7%	-111	-245	-484	-410	-973	-381	-653	-897	-430	-381	-352	-358	-273	-2,326	-1,162	-231	-78.00	-367	-318	-133	54.00
Cashflow From Financing	-89.3%	222	2,082	-5,300	154	379	-51.00	303	2,433	-1,118	-1,234	-2,166	-110	-1,068	1,712	2,695	1,534	592	2,486	-2,469	813	104

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

AIRI Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net Sales	$ 14,061,000	$ 12,549,000
Cost of Sales	12,155,000	10,669,000
Gross Profit	1,906,000	1,880,000
Operating Expenses	2,165,000	2,038,000
Loss from Operations	(259,000)	(158,000)
Interest Expense	(344,000)	(358,000)
Other Income, Net	15,000	16,000
Loss before Income Taxes	(706,000)	(618,000)
Provision for Income Taxes
Net Loss	$ (706,000)	$ (618,000)
Loss per share - Basic (in Dollars per share)	$ (0.21)	$ (0.19)
Weighted Average Shares Outstanding - Basic (in Shares)	3,314,420	3,258,478
Related Party
Interest Expense - Related Parties	$ (118,000)	$ (118,000)

AIRI Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash	$ 225,000	$ 346,000
Accounts Receivable, Net of Allowance for Credit Losses of $321,000 and $344,000	8,035,000	7,892,000
Inventory	29,359,000	29,851,000
Prepaid Expenses and Other Current Assets	345,000	297,000
Contract Costs Receivable	296,000	296,000
Prepaid Taxes	37,000	37,000
Total Current Assets	38,297,000	38,719,000
Property and Equipment, Net	8,031,000	8,048,000
Finance Lease Right-of-Use Assets	932,000	970,000
Operating Lease Right-of-Use Assets	1,704,000	1,866,000
Deferred Financing Costs, Net, Deposits and Other Assets	1,298,000	1,112,000
TOTAL ASSETS	50,262,000	50,715,000
Current Liabilities
Debt	16,309,000	16,036,000
Accounts Payable and Accrued Expenses	6,275,000	6,091,000
Operating Lease Liabilities	907,000	880,000
Deferred Gain on Sale – Leaseback	38,000	38,000
Customer Deposits	3,158,000	3,557,000
Total Current Liabilities	26,687,000	26,602,000
Long Term Liabilities
Debt	1,465,000	1,112,000
Subordinated Notes - Related Party	6,162,000	6,162,000
Operating Lease Liabilities	1,345,000	1,582,000
Deferred Gain on Sale – Leaseback	57,000	67,000
TOTAL LIABILITIES	35,716,000	35,525,000
Commitments and Contingencies (see Note 7)
Preferred Stock, par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both March 31, 2024 and December 31, 2023.
Common Stock - Par Value $.001 - Authorized 6,000,000 shares, 3,315,368 and 3,303,045 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	3,000	3,000
Additional Paid-In Capital	82,990,000	82,928,000
Accumulated Deficit	(68,447,000)	(67,741,000)
TOTAL STOCKHOLDERS’ EQUITY	14,546,000	15,190,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 50,262,000	$ 50,715,000

About Air Industries Group

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the United States. The company operates through two segments, Complex Machining and Turbine and Engine Component. The Complex Machining segment offers aircraft landing and arresting gears, engine mounts, flight controls, throttle quadrants, and other components. Its products are deployed on a range of military and commercial aircraft, including Sikorsky's UH-60 Blackhawk, Lockheed Martin F-35 Joint Strike Fighter, Northrop Grumman E2D Hawkeye, the US Navy F-18, and USAF F-16 and F-15 fighter aircraft. The Turbine and Engine Component segment makes components and provides services for aircraft jet engines and ground-power turbines. Its jet engine components are used on the USAF F-15 and F-16, the Airbus A-330, the Boeing 777, and others, as well as ground-power turbine applications. The company's products are used by original equipment manufacturers in the manufacture of fixed wing aircraft, helicopters jet turbine engines, and other complex aerospace and defense products. Air Industries Group was founded in 1979 and is based in Bay Shore, New York.

CEO	Mr. Luciano M. Melluzzo
WEBSITE	airindustriesgroup.com
INDUSTRY	Aerospace & Defense

Air Industries Group Frequently Asked Questions

What is the ticker symbol for Air Industries Group? What does AIRI stand for in stocks?

AIRI is the stock ticker symbol of Air Industries Group. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Air Industries Group (AIRI)?

As of Fri May 17 2024, market cap of Air Industries Group is 17.95 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AIRI stock?

You can check AIRI's fair value in chart for subscribers.

What is the fair value of AIRI stock?

You can check AIRI's fair value in chart for subscribers. The fair value of Air Industries Group is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Air Industries Group is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AIRI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Air Industries Group a good stock to buy?

The fair value guage provides a quick view whether AIRI is over valued or under valued. Whether Air Industries Group is cheap or expensive depends on the assumptions which impact Air Industries Group's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AIRI.

What is Air Industries Group's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, AIRI's PE ratio (Price to Earnings) is -8.09 and Price to Sales (PS) ratio is 0.34. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AIRI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Air Industries Group's stock?

In the past 10 years, Air Industries Group has provided -0.264 (multiply by 100 for percentage) rate of return.