Spirit AeroSystems Holdings, Inc.

DB:S9Q Stock Report

Market Cap: €3.8b

Spirit AeroSystems Holdings Valuation

Is S9Q undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of S9Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S9Q (€32.22) is trading below our estimate of fair value (€57.86)

Significantly Below Fair Value: S9Q is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S9Q?

Key metric: As S9Q is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for S9Q. This is calculated by dividing S9Q's market cap by their current revenue.
What is S9Q's PS Ratio?
PS Ratio0.6x
SalesUS$6.48b
Market CapUS$3.97b

Price to Sales Ratio vs Peers

How does S9Q's PS Ratio compare to its peers?

The above table shows the PS ratio for S9Q vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
HAG Hensoldt
1.9x11.8%€4.0b
MTX MTU Aero Engines
2.5x9.1%€17.3b
OHB OHB
0.9xn/a€917.4m
RHM Rheinmetall
3x21.5%€26.7b
S9Q Spirit AeroSystems Holdings
0.6x13.1%€4.0b

Price-To-Sales vs Peers: S9Q is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does S9Q's PS Ratio compare vs other companies in the European Aerospace & Defense Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
S9Q 0.6xIndustry Avg. 1.4xNo. of Companies12PS01.22.43.64.86+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: S9Q is good value based on its Price-To-Sales Ratio (0.6x) compared to the European Aerospace & Defense industry average (1.4x).

Price to Sales Ratio vs Fair Ratio

What is S9Q's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

S9Q PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: S9Q is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

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 S9Q forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€32.22
€35.59
+10.5%
1.7%€35.94€33.77n/a13
Dec ’25€30.48
€34.11
+11.9%
1.7%€34.45€32.37n/a13
Nov ’25€29.49
€34.11
+15.7%
1.7%€34.45€32.37n/a13
Oct ’25€28.89
€32.14
+11.3%
7.0%€33.37€25.98n/a14
Sep ’25€31.25
€32.91
+5.3%
6.8%€34.08€26.53n/a15
Aug ’25€33.26
€32.89
-1.1%
6.9%€34.19€26.62n/a15
Jul ’25€32.71
€32.83
+0.4%
9.5%€37.25€27.01n/a16
Jun ’25€27.71
€32.99
+19.1%
11.2%€41.67€26.85n/a19
May ’25€30.15
€34.09
+13.1%
11.2%€42.24€28.16n/a19
Apr ’25€32.60
€32.63
+0.1%
13.7%€41.64€24.06n/a19
Mar ’25€30.65
€32.01
+4.4%
14.0%€41.53€23.99n/a19
Feb ’25€25.15
€30.55
+21.5%
17.4%€41.36€19.30n/a21
Jan ’25€28.40
€28.18
-0.8%
16.7%€40.90€19.09€32.2220
Dec ’24€24.90
€27.68
+11.2%
18.6%€41.38€19.31€30.4820
Nov ’24€21.15
€26.72
+26.3%
19.9%€42.58€19.87€29.4917
Oct ’24€15.24
€25.56
+67.7%
26.5%€42.84€15.23€28.8915
Sep ’24€19.56
€26.42
+35.1%
22.0%€41.66€16.66€31.2513
Aug ’24€28.65
€33.47
+16.8%
18.2%€41.23€22.91€33.2615
Jul ’24€26.75
€33.47
+25.1%
18.2%€41.23€22.91€32.7115
Jun ’24€25.50
€34.18
+34.1%
18.2%€42.11€23.39€27.7115
May ’24€25.90
€37.03
+43.0%
16.7%€45.64€23.73€30.1514
Apr ’24€31.22
€36.96
+18.4%
17.2%€45.85€23.84€32.6013
Mar ’24€31.92
€38.39
+20.3%
17.0%€47.26€24.58€30.6513
Feb ’24€32.88
€35.07
+6.7%
16.4%€43.29€23.95€25.1513
Jan ’24€26.62
€33.55
+26.1%
16.5%€40.51€24.49€28.4013

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 23:53
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/26
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Spirit AeroSystems Holdings, Inc. is covered by 41 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter ArmentBaird
Joseph CampbellBarclays
David StraussBarclays