Safran SA
SAF: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€373.00 | Zyvj | Fwvprnbq |
Safran Earnings: Strong Set of Results, Fair Value Estimate Maintained
Wide-moat Safran reported a strong set of results for full-year 2023, driven by narrow-body air traffic available seat kilometers, or ASK, ahead of 2019 levels, with full-year ASK at 105% of 2019's level. Strong demand in original equipment and aftermarket underpins our positive midterm outlook, and we maintain our fair value estimate.