AIR FP

Airbus Group SE

Industrial/Transportation


Presented:05/19/2022
Price:€106.40
Cap:$93.06B
Current Price:€135.76
Cap:$119.68B

Presented

Date05/19/2022
Price€106.40
Market Cap$93.06B
Ent Value$94.92B
P/E Ratio16.49x
Book Value€13.81
Div Yield1.41%
Shares O/S785.30M
Ave Daily Vol1,944,732
Short IntN/A

Current

Price€135.76
Market Cap$119.68B
Airbus SE engages in the design, manufacture, delivery and provision of aerospace products, space and related services. It operates through the following segments: Airbus Commercial Aircraft, Airbus Helicopters and Airbus Defence and Space. The Airbus Commercial Aircraft segment develops, manufactures, markets and sells commercial jet aircrafts and offers aircraft conversion and related services. The Airbus Helicopters segment deals with the development, manufacture, marketing and sale of civil and military helicopters. The Airbus Defence and Space segment covers systems and services in the field of defence and space for governments, institutions, and commercial customers. The company was founded on December 29, 1998 and is headquartered in Leiden, the Netherlands.

Publicly traded companies mentioned herein: Airbus SE (AIR FP), Boeing Co/The (BA)

Highlights

The presenter is long shares of Airbus SE (AIR FP), citing secular tailwinds in a duopolistic industry that should drive DD% aircraft volume growth for several years. He considers AIR’s product, leadership, and execution capabilities superior to Boeing (BA)’s, and sees incremental improvement opportunities for AIR on the back of increased efficiencies. Based on these dynamics, he estimates 2024 EPS of €8.50 and considers 17.5x a fair earnings multiple given the earnings visibility, creating attractive upside to the current €100 share price over a two-year holding period. 

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Idea Discussion

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