Airbus SE

XTRA:AIR Stock Report

Market Cap: €109.3b

Airbus Valuation

Is AIR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AIR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AIR (€138.3) is trading below our estimate of fair value (€371.37)

Significantly Below Fair Value: AIR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AIR?

Key metric: As AIR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AIR. This is calculated by dividing AIR's market cap by their current earnings.
What is AIR's PE Ratio?
PE Ratio33.5x
Earnings€3.27b
Market Cap€109.34b

Price to Earnings Ratio vs Peers

How does AIR's PE Ratio compare to its peers?

The above table shows the PE ratio for AIR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23x
RHM Rheinmetall
38.6x29.0%€26.4b
MTX MTU Aero Engines
23.6x10.7%€16.7b
SIE Siemens
17.1x5.9%€140.8b
OHB OHB
12.8x11.0%€894.4m
AIR Airbus
33.5x22.5%€109.3b

Price-To-Earnings vs Peers: AIR is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the peer average (23x).

Price to Earnings Ratio vs Industry

How does AIR's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIR 33.5xIndustry Avg. 24.3xNo. of Companies9PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AIR is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the European Aerospace & Defense industry average (24.6x).

Price to Earnings Ratio vs Fair Ratio

What is AIR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AIR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.5x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: AIR is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AIR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€138.30
€161.41
+16.7%
11.2%€185.00€109.00n/a22
Nov ’25€141.64
€161.82
+14.2%
11.8%€200.00€109.00n/a22
Oct ’25€128.76
€163.70
+27.1%
11.6%€200.00€109.00n/a20
Sep ’25€138.82
€165.50
+19.2%
10.9%€200.00€109.00n/a20
Aug ’25€133.88
€164.60
+22.9%
10.8%€200.00€109.00n/a20
Jul ’25€131.64
€167.85
+27.5%
11.6%€210.00€119.00n/a20
Jun ’25€155.90
€179.90
+15.4%
11.7%€210.00€119.00n/a20
May ’25€154.64
€179.40
+16.0%
11.4%€202.00€119.00n/a20
Apr ’25€170.76
€172.05
+0.8%
12.0%€202.00€106.00n/a21
Mar ’25€152.64
€163.86
+7.4%
13.7%€195.00€106.00n/a22
Feb ’25€147.38
€162.00
+9.9%
13.9%€203.00€105.00n/a22
Jan ’25€140.08
€155.45
+11.0%
14.4%€208.00€100.00n/a22
Dec ’24€138.10
€151.64
+9.8%
12.2%€185.00€100.00n/a22
Nov ’24€127.96
€150.41
+17.5%
12.1%€185.00€101.00€141.6422
Oct ’24€126.98
€149.14
+17.5%
13.1%€193.00€100.00€128.7621
Sep ’24€133.84
€148.90
+11.3%
13.3%€193.00€100.00€138.8221
Aug ’24€131.86
€148.10
+12.3%
13.5%€193.00€100.00€133.8820
Jul ’24€132.38
€145.15
+9.6%
13.7%€193.00€100.00€131.6420
Jun ’24€125.92
€144.41
+14.7%
15.3%€200.00€100.00€155.9017
May ’24€127.16
€144.09
+13.3%
15.5%€200.00€100.00€154.6417
Apr ’24€123.36
€144.53
+17.2%
15.2%€200.00€100.00€170.7618
Mar ’24€122.30
€144.42
+18.1%
15.3%€200.00€100.00€152.6418
Feb ’24€115.98
€142.58
+22.9%
12.7%€185.00€105.00€147.3818
Jan ’24€111.38
€147.79
+32.7%
12.2%€200.00€130.00€140.0817
Dec ’23€110.14
€149.97
+36.2%
12.5%€200.00€132.00€138.1017
Nov ’23€112.46
€148.44
+32.0%
11.4%€185.00€132.00€127.9617

Analyst Forecast: Target price is less than 20% higher than the current share price.

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