Operating Margin - Ob''yedinennaya Aviastroitel'naya Korporatsiya PAO (MOEX:UNAC)

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Price: 0.492 RUB -0.2%

Market Cap: 489.3B RUB

-0.2%

Current

Average

6.2%

Industry

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin

-0.2%

Operating Profit

-1B

Revenue

538.9B

Operating Margin Across Competitors

Country	Company	Market Cap	Operating Margin
RU	Ob''yedinennaya Aviastroitel'naya Korporatsiya PAO MOEX:UNAC	489.1B RUB	0%
US	Raytheon Technologies Corp NYSE:RTX	251.1B USD	10%
US	RTX Corp LSE:0R2N	245.5B USD	10%
NL	Airbus SE PAR:AIR	164B EUR	8%
US	Boeing Co NYSE:BA	173B USD	-10%
FR	Safran SA PAR:SAF	130.5B EUR	16%
UK	Rolls-Royce Holdings PLC LSE:RR	104.3B GBP	16%
US	Lockheed Martin Corp NYSE:LMT	114.3B USD	8%
US	General Dynamics Corp NYSE:GD	92.8B USD	10%
DE	Rheinmetall AG XETRA:RHM	78.6B EUR	13%
US	Howmet Aerospace Inc NYSE:HWM	85.3B USD	25%

Ob''yedinennaya Aviastroitel'naya Korporatsiya PAO
Glance View

Market Cap

489.1B RUB

Industry

Aerospace & Defense

Ob''yedinennaya Aviastroitel'naya Korporatsiya PAO, known internationally as United Aircraft Corporation (UAC), emerges as a significant force in the aerospace industry, predominantly focusing on the Russian aviation market. Formed through a strategic amalgamation of Russia’s key aviation enterprises, UAC is a government-backed effort to consolidate and modernize the country's aerospace capabilities. The company operates with a diversified portfolio in aircraft design, production, and marketing, spanning commercial, military, and cargo aviation sectors. As a vertically integrated entity, UAC controls a vast supply chain from design and engineering through to final assembly, allowing it to offer a full spectrum of aviation solutions. This comprehensive involvement in the aerospace sector allows UAC to efficiently leverage its technical prowess and broad resources to meet the changing dynamics and demands of global aviation markets. On the commercial front, UAC's revenue generation largely stems from the manufacturing and sale of passenger planes, including the Sukhoi Superjet 100 and the Irkut MC-21, both of which have caught international attention due to their advanced engineering and competitive pricing. In the military domain, UAC plays a crucial role in fulfilling the demands of the Russian defense forces and various other countries, with products like the Sukhoi and MiG fighter jets, known for their strategic importance and robust design. Additionally, UAC maintains strategic collaborations and partnerships with global aerospace giants, further enhancing its technological capabilities and expanding its market reach. Through numerous joint ventures and cross-border initiatives, UAC not only strengthens its financial standing but also cultivates a brand image rooted in innovative engineering and reliability. Such multifaceted operations underscore UAC's pivotal role in sustaining Russia's aerospace ambitions on both domestic and international planes.

View UNAC Analysis

UNAC Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Johnson & Johnson NYSE:JNJ	US
	Berkshire Hathaway Inc NYSE:BRK.A	US
	Bank of America Corp NYSE:BAC	US
	Mastercard Inc NYSE:MA	US
	UnitedHealth Group Inc NYSE:UNH	US
	Exxon Mobil Corp NYSE:XOM	US
	Pfizer Inc NYSE:PFE	US
	Palantir Technologies Inc NYSE:PLTR	US
	Nike Inc NYSE:NKE	US
	Visa Inc NYSE:V	US
	Alibaba Group Holding Ltd NYSE:BABA	CN
	JPMorgan Chase & Co NYSE:JPM	US
	Coca-Cola Co NYSE:KO	US
	Walmart Inc NYSE:WMT	US
	Verizon Communications Inc NYSE:VZ	US
	Chevron Corp NYSE:CVX	US

J	JiangXi Tianxin Pharmaceutical Co Ltd SSE:603235	26.97 CNY 0.19%
M	Manhattan Corp Ltd ASX:MHC	0.028 AUD

	Johnson & Johnson NYSE:JNJ	207.35 USD 0.19%
	Berkshire Hathaway Inc NYSE:BRK.A	744 120 USD -1.41%
	Bank of America Corp NYSE:BAC	55.95 USD 1.73%
	Mastercard Inc NYSE:MA	563.13 USD -1.36%
	UnitedHealth Group Inc NYSE:UNH	336.4 USD 1.91%
	Exxon Mobil Corp NYSE:XOM	122.65 USD 1.92%

	Franklin Covey Co NYSE:FC	16.64 USD -0.83%
	Mohawk Industries Inc NYSE:MHK	109.51 USD 0.19%
	Ardmore Shipping Corp NYSE:ASC	10.45 USD -1.32%
	ASGN Inc NYSE:ASGN	46.66 USD -3.13%
	Skyworks Solutions Inc NASDAQ:SWKS	64.395 USD 1.55%
	Weatherford International PLC NASDAQ:WFRD	80.89 USD 3.36%

Ob''yedinennaya Aviastroitel'naya Korporatsiya PAO
MOEX:UNAC