TransDigm Group Inc

TDG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$7,379.00	Wkgq	Xngfxwrhly

TransDigm Earnings: Aviation Rebound Drives Strong Aftermarket Demand; Valuation Up 1% to $1000

Nicolas Owens

Feb 8, 2024

TransDigm's first-quarter fiscal 2024 results once again demonstrated how well this wide-moat manufacturer of specialty aircraft parts is faring with the postpandemic rebound in aircraft utilization and manufacturing. We have increased our fair value estimate approximately 1% to $1,000 per share from $990. This represents 28 times our fiscal 2024 earnings estimate and 21 times our estimate of 2024 adjusted EBITDA.

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