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This stock no longer trades (delisted November 3, 2025)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Stock

Embraer S.A.

ERJ
48
Aerospace & Defense · Industrials
Price
$64.52
-0.69 (-1.06%)
Market Cap
$47.38B
Exchange
New York Stock Exchange
Winston Score
48
Historical score — this stock no longer trades, so the score is frozen at the last available data.
Data as of Oct 18, 2026 · filings through Sep 30, 2025

§How the score breaks down

Quality
Mixed
9/30
Growth
Good
10/20
Cash Flow
Strong
8/10
Stability
Good
5/10
Valuation
Good
5/10
Ownership
Good
8/15
Dividends
Good
3/5

48 of 100 counted points = Winston Score 48.

§Winston Score History

The full picture

Embraer is a Brazilian aerospace company that designs and builds aircraft. It is best known for its regional jets, which seat roughly 70 to 150 passengers and are used by airlines around the world. It also makes executive business jets, military aircraft, and provides aftermarket services, making it one of the largest aircraft manufacturers globally.

Embraer earns revenue by selling aircraft and through long-term service and support contracts. Headquartered in São José dos Campos, Brazil, it operates factories and offices across the Americas, Europe, and Asia. Its strong position in the regional jet market gives it a competitive edge, as only a handful of companies worldwide build aircraft in that size category. Key growth drivers include rising demand for its newer E2 jet family and expanding defense contracts, though the company faces risks from supply chain disruptions and currency fluctuations tied to its Brazilian cost base.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+17.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-35.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

R$340M/ year

↓ Declining (-23% vs prior year)

0.9% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

5.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

R$11.8B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Embraer S.A. is a rare growth stock that's already generating positive cash flow while growing at 18%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

−0.2% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 184.0M (2020) → 183.7M (2024)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
17.2%
Thin — 17.2% gross margin
Profit after running costs
Operating Margin
9.4%
Modest — 9.4% operating margin
Return on the money invested
ROCE
12.0%
Below par — 12.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+30.5%
Fast-growing sales (+30.5% YoY)
Profit growth
EPS YoY
-32.5%
Earnings shrinking (-32.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
361%
Turns 361% of profit into real cash
Spare cash per sale
FCF Margin
10.5%
Modest free cash flow (10.5%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.67
Moderate — manageable debt (0.67)
Covers its interest
Interest Cover
2.15x
Tight — interest eats into profit (2.1x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
56.8x
Expensive — P/E 56.8

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+33.7
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (56.8 → 23.0)

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Dividends

Dividend
Dividend Yield
0.51%
Small dividend — 0.51% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+604.0%
Dividend growing fast (604.0% YoY)
Payout Ratio
5%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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