AIR FP
Airbus Group SE
Industrial/Transportation
05/23/2016
Presented
| Date | 05/20/2016 |
| Price | €54.41 |
| Market Cap | $47.38B |
| Ent Value | $53.71B |
| P/E Ratio | 18.51x |
| Book Value | €10.14 |
| Div Yield | 0.02% |
| Shares O/S | 781.87M |
| Ave Daily Vol | 2,410,329 |
| Short Int | N/A |
Current
| Price | €135.76 |
| Market Cap | $119.68B |
| Airbus Group SE manufactures and sells commercial & military aircraft, civil & military helicopters, commercial space launch vehicles, missiles, satellites, defense systems and electronics. The company operates its business through the following segments: Airbus, Airbus Helicopters, Airbus Defence & Space. The Airbus segment develops, manufactures, markets and sells commercial jet aircraft and military transport and special mission aircraft. The Eurocopter segment engages in civil and military helicopter marketing and also provides related services. The Airbus Helicopters segment develops, manufactures, markets and sale of civil and military helicopters, provision of helicopter related services. The Airbus Defence and Space segment provides defence electronics and global security market solutions such as integrated systems for global border security and secure communications solutions and logistics; training, testing, engineering and other related services; development, manufacturing, marketing and sale of missiles systems; development, manufacturing, marketing and sale of satellites, orbital infrastructures and launchers; provision of space. The company was founded on December 29, 1998 and is headquartered in Leiden, Netherlands. |
Please note, this idea was updated on 06/13/2013 and can be read here: Long - Airbus Group SE.
Publicly traded companies mentioned herein: Airbus Group SE (AIR FP), Boeing Co (BA)
Highlights
Airbus shares are attractively valued and the presenter sees meaningful upside potential for investors who can take a longer term view on the stock. The company’s relatively clean reporting gives him confidence in an earnings recovery and growth story. His forecast is for EUR 3.50 of EPS today to grow to 6.00 as the company exits 2018, and potentially 6.50 - 7 within three to four years. The “time arbitrage” opportunity exists because Airbus “hasn’t touched its balance sheet” and has some program issues with its newer aircraft; however, the presenter’s bet is that 80% of its programs will be fine and just 20% have a heightened level of risk. If his model proves to be accurate, a more fair value for the stock is in the $75 - $80 range.
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