Jim Cramer on Applied Aerospace & Defense: “A Stock I Want to Own at Some Price”
Key takeaways
- Jim Cramer on Applied Aerospace & Defense: “A Stock I Want to Own at Some Price” Syeda Seirut Javed Sat, June 6, 2026 at 10:06 PM GMT+7 3 min read AADX Applied Aerospace & Defense, Inc.
- Here’s how I see it: In general, this is a story I like and a stock I want to own at some price.
- Based on the stock’s lukewarm reception today, not impossible, though, I don’t think you can count on it getting down that low.
Jim Cramer on Applied Aerospace & Defense: “A Stock I Want to Own at Some Price” Syeda Seirut Javed Sat, June 6, 2026 at 10:06 PM GMT+7 3 min read AADX Applied Aerospace & Defense, Inc. (NYSE:AADX) was among the stocks on which Jim Cramer gave his opinion, as he warned that increased AI-related spending might cause near-term headwind for stocks. Cramer highlighted that it is a story he likes, as he stated:
Now, which some of you may find discouraging, me, I actually like deals that break the print as long as I am not in them, tends to create bargains that I could sit back and look at, especially now that the market cap’s only $3.25 billion. If we add back the company’s post IPO net debt total, we get an enterprise value of $3.57 billion, and if we use a very crude 2026 EBITDA estimate of 114.8 million, that’s four times what they made in the first quarter, then we get an enterprise multiple of 31… I’m okay using a lower EBITDA estimate because I want to be conservative… So, is an enterprise multiple of 31 a good price? Honestly, still a bit high. It’s probably why the stock broke the print…
I can easily see a scenario where my back-of-the-envelope EBITDA estimates turn out to be too low, possibly way too low, and Applied Aerospace, which is in all the right end markets, looks a whole lot cheaper in retrospect. Here’s how I see it: In general, this is a story I like and a stock I want to own at some price. Ideally, you get a couple of bucks lower, say somewhere in the mid-teens, where it would have a mid-20s enterprise multiple based on a rough EBITDA estimate. That’s good.