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Airbus SE ADR EADSY

Morningstar Rating
$41.92 +0.37 (0.89%)
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Company Report

Airbus Earnings: Production Growing but Still Bottlenecked by Supply Chain; Fair Value Estimate Flat

Wide-moat Airbus reported its first-quarter 2024 results, having delivered 124 commercial planes in the quarter, 20% of its 2024 goal of around 800 jets. Revenue and profits came in just a touch lower than our initial projections, and with the time value of money offset by a scaled-back delivery target for A321s in the year, we raised our fair value estimate from EUR 162 to EUR 163 per share and lowered it from $44 to $43.80 per US depository share because the dollar strengthened slightly since our last update.

Price vs Fair Value

EADSY is trading at a 1% discount.
Price
$43.58
Fair Value
$94.00
Uncertainty
Medium
1-Star Price
$89.70
5-Star Price
$51.30
Economic Moat
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Capital Allocation
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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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News

Trading Information

Previous Close Price
$41.55
Day Range
$41.5542.26
52-Week Range
$31.8746.78
Bid/Ask
$41.85 / $42.29
Market Cap
$132.34 Bil
Volume/Avg
186,103 / 279,554

Key Statistics

Price/Earnings (Normalized)
35.38
Price/Sales
1.93
Dividend Yield (Trailing)
1.15%
Dividend Yield (Forward)
1.15%
Total Yield
1.42%

Company Profile

Airbus is a major aerospace and defense firm. It 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
147,893

Competitors

Valuation

Metric
EADSY
NOC
BA
Price/Earnings (Normalized)
35.3822.51
Price/Book Value
6.975.08
Price/Sales
1.931.841.33
Price/Cash Flow
25.0317.5554.48
Price/Earnings
EADSY
NOC
BA

Financial Strength

Metric
EADSY
NOC
BA
Quick Ratio
0.540.860.28
Current Ratio
1.191.151.14
Interest Coverage
6.355.300.18
Quick Ratio
EADSY
NOC
BA

Profitability

Metric
EADSY
NOC
BA
Return on Assets (Normalized)
3.06%4.88%−1.22%
Return on Equity (Normalized)
24.03%14.79%
Return on Invested Capital (Normalized)
14.01%8.76%0.74%
Return on Assets
EADSY
NOC
BA
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Aerospace & Defense Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
GE
GE AerospaceLbfnsrfgzvQqqg$174.3 Bil
RTX
RTX CorpNcpspnjdzZnc$134.3 Bil
LMT
Lockheed Martin CorpMzdrlkpwLvh$111.5 Bil
BA
Boeing CoBcbpydzpRvhh$100.8 Bil
GD
General Dynamics CorpYhlbfpscJtj$78.2 Bil
NOC
Northrop Grumman CorpZfcnrhmyxYtvn$72.3 Bil
TDG
TransDigm Group IncHdfqthzdslSmdj$69.9 Bil
BAESY
BAE Systems PLC ADRNlfcqznkNmzf$51.3 Bil
RYCEY
Rolls-Royce Holdings PLC ADRGnsrszzhhYbdvcz$43.7 Bil

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