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Airbus SE AIR

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Stock XPAR Rating as of
€132.02 +3.76 (2.93%)
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As of Delayed Price Open
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Company Report

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Airbus: No Change to Fair Value Estimate on Lowered Jet Production Guidance and Defense Charge

Nicolas Owens

Airbus updated its 2024 guidance on June 24, lowering its 2024 jet production goal to 775 from 800, shifting the timeline it expects to be able to produce 75 A320s per month to 2027 from 2026, and announcing a EUR 900 million charge in its defense communications business. None of these changes made a significant impact on our fair value estimates—which had incorporated slightly more conservative assumptions than management's previous guidance—that remain at EUR 163 per share and $43.80 per US depository share.

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Price vs Fair Value

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AIR is trading at a 866% premium.
Price
€128.26
Fair Value
€574.00
Uncertainty
Medium
1-Star Price
€765.88
5-Star Price
€616.20
Economic Moat
Rqb
Capital Allocation
Glfpskfyw

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.

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Trading Information

Previous Close Price
€128.26
Day Range
€130.40–132.70
52-Week Range
€120.28–172.78
Bid/Ask
€132.00 / €132.04
Market Cap
€104.37 Bil
Volume/Avg
696,687 / 1.1 Mil

Key Statistics

Price/Earnings (Normalized)
21.61
Price/Sales
1.52
Dividend Yield (Trailing)
1.40%
Dividend Yield (Forward)
1.40%
Total Yield
1.65%

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

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Metric
AIR
NOC
BA
Price/Earnings (Normalized)
 21.6119.67—
Price/Book Value
 5.514.54—
Price/Sales
 1.521.641.45
Price/Cash Flow
 17.8515.6859.45
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
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Aerospace & Defense Industry Comparables

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1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
GE Aerospace
GE
DntzmxqsPnpr$174.0 Bil
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RTX
CzkjfzxcmPvnl$133.5 Bil
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HmvcztmvHss$111.7 Bil
 Lockheed Martin Corp
LMT
NcfchxqzkrLdz$111.1 Bil
 Airbus SE ADR
EADSY
ZpnsnykqzRxn$108.6 Bil
 General Dynamics Corp
GD
FqvvsjpnmDtqp$79.6 Bil
 TransDigm Group Inc
TDG
ZxgvfpptpRvrrb$71.5 Bil
 Northrop Grumman Corp
NOC
BtwbhxjgXsnw$64.6 Bil
 BAE Systems PLC ADR
BAESY
LqzdjpbxVxmwc$50.6 Bil
 Rolls-Royce Holdings PLC ADR
RYCEY
DcjttywgMxqxrk$49.1 Bil

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