Skip to Content
Morningstar

Airbus SE AIR

Morningstar Rating
Unlock
Stock XPAR Rating as of
€135.56 +3.68 (2.79%)
View Full Chart
As of Delayed Price Open
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Boeing: Spirit Aero Systems Deal Makes Good Sense; Fair Value Estimates Unchanged

Nicolas Owens

Boeing will take over Spirit Aero Systems later in 2024, exchanging between .18 and .25 shares of its stock per outstanding share of Spirit Aero, depending on the market price of Boeing shares in the weeks preceding the deal's closing. Their agreement values Spirit Aero at $37.25 per share, a $6.25 premium to our fair value estimate. We see the price as justifiable on two grounds: 1) as an all-stock deal, Spirit shareholders may warrant some compensation for interim uncertainty about the value of the currency they are accepting; 2) but more importantly, Spirit will be worth more as part of Boeing than as a standalone enterprise.

Read Full Report

Price vs Fair Value

View History
AIR is trading at a 90% premium.
Price
€131.88
Fair Value
€282.00
Uncertainty
Medium
1-Star Price
€517.19
5-Star Price
€169.40
Economic Moat
Rhvw
Capital Allocation
Mcnkfznyt

Bulls Say, Bears Say

Bulls

Airbus’ A320 family continues to have a substantial lead in the valuable narrow-body market, and the A321XLR has the potential to open new long-range routes to low-cost carriers.

Bears

Aerospace remains a highly regulated space, and regulatory burden could increase globally subsequent to the grounding of the Boeing 737 MAX.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if AIR is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
€131.88
Day Range
€132.14–136.04
52-Week Range
€120.28–172.78
Bid/Ask
€135.52 / €135.56
Market Cap
€107.27 Bil
Volume/Avg
630,115 / 1.1 Mil

Key Statistics

Price/Earnings (Normalized)
22.22
Price/Sales
1.57
Dividend Yield (Trailing)
1.36%
Dividend Yield (Forward)
1.36%
Total Yield
1.61%

Company Profile

Airbus is a global aerospace and defense firm that designs, develops, and manufactures commercial and military aircraft, as well as space launch vehicles and satellites. The company operates three divisions: commercial, defense and space, and helicopters. Commercial offers aircraft ranging from narrow-body (120-200 seats) A220 and A320 series to much larger A330 and A350 wide body models. The defense and space segment supplies governments with military hardware, including transport aircraft, aerial tankers, and fighter aircraft (Eurofighter). The helicopter division manufactures turbine helicopters for the civil and public markets.
Sector
Industrials
Industry
Aerospace & Defense
Stock Style Box
Large Growth
Total Number of Employees
150,093
Website
https://www.airbus.com

Competitors

Valuation

View More
Metric
AIR
NOC
BA
Price/Earnings (Normalized)
 22.2219.74—
Price/Book Value
 5.664.55—
Price/Sales
 1.571.651.48
Price/Cash Flow
 18.3515.7360.56
Price/Earnings
AIR
NOC
BA

Financial Strength

Metric
AIR
NOC
BA
Quick Ratio
 0.480.860.22
Current Ratio
 1.171.131.14
Interest Coverage
 6.305.410.21
Quick Ratio
AIR
NOC
BA

Profitability

Metric
AIR
NOC
BA
Return on Assets (Normalized)
 3.14%4.88%−1.22%
Return on Equity (Normalized)
 23.27%14.79%—
Return on Invested Capital (Normalized)
 13.81%8.76%0.74%
Return on Assets
AIR
NOC
BA
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Aerospace & Defense Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
GE Aerospace
GE
VwgflhpnSdj$176.7 Bil
 RTX Corp
RTX
TfxhsnlkWktk$133.5 Bil
 Boeing Co
BA
VkpmmzvkdSmbs$113.8 Bil
 Airbus SE ADR
EADSY
ZtbswrpllWbm$112.0 Bil
 Lockheed Martin Corp
LMT
MzjbmlxbHmbf$110.8 Bil
 General Dynamics Corp
GD
SytrbkvxflRlzp$78.4 Bil
 TransDigm Group Inc
TDG
YktphbxzvKln$71.5 Bil
 Northrop Grumman Corp
NOC
TbfyrvntfJtftl$64.8 Bil
 BAE Systems PLC ADR
BAESY
ZlffdppGxb$48.6 Bil
 Rolls-Royce Holdings PLC ADR
RYCEY
CtxymrbqHtmjdc$48.0 Bil

Sponsor Center