ENXTPA:AIR

Stock Analysis Report

Executive Summary

Airbus SE provides aerospace products, services, and solutions in the Netherlands and internationally.


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Airbus's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AIR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.5%

AIR

-2.3%

FR Aerospace & Defense

0.5%

FR Market


1 Year Return

18.6%

AIR

13.6%

FR Aerospace & Defense

17.1%

FR Market

Return vs Industry: AIR exceeded the French Aerospace & Defense industry which returned 12.6% over the past year.

Return vs Market: AIR exceeded the French Market which returned 16.7% over the past year.


Shareholder returns

AIRIndustryMarket
7 Day-3.5%-2.3%0.5%
30 Day-4.4%-2.4%0.8%
90 Day-1.7%-1.9%5.1%
1 Year20.3%18.6%15.4%13.6%21.2%17.1%
3 Year107.7%97.6%84.8%76.3%44.1%30.5%
5 Year181.5%156.4%134.8%114.5%56.3%34.0%

Price Volatility Vs. Market

How volatile is Airbus's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Airbus undervalued compared to its fair value and its price relative to the market?

41.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIR (€131.8) is trading below our estimate of fair value (€223.29)

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


Price To Earnings Ratio

PE vs Industry: AIR is unprofitable, so we can't compare its PE Ratio to the Aerospace & Defense industry average.

PE vs Market: AIR is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AIR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AIR is overvalued based on its PB Ratio (17.3x) compared to the FR Aerospace & Defense industry average (1.7x).


Next Steps

Future Growth

How is Airbus forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

36.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.1%).

Earnings vs Market: AIR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AIR's is expected to become profitable in the next 3 years.

Revenue vs Market: AIR's revenue (3.1% per year) is forecast to grow slower than the French market (4.6% per year).

High Growth Revenue: AIR's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AIR's Return on Equity is forecast to be very high in 3 years time (41%).


Next Steps

Past Performance

How has Airbus performed over the past 5 years?

-4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIR is currently unprofitable.

Growing Profit Margin: AIR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AIR is unprofitable, and losses have increased over the past 5 years at a rate of -4.6% per year.

Accelerating Growth: Unable to compare AIR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AIR is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (16.7%).


Return on Equity

High ROE: AIR has a negative Return on Equity (-22.12%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Airbus's financial position?


Financial Position Analysis

Short Term Liabilities: AIR's short term assets (€56.7B) do not cover its short term liabilities (€62.4B).

Long Term Liabilities: AIR's short term assets (€56.7B) exceed its long term liabilities (€46.0B).


Debt to Equity History and Analysis

Debt Level: AIR's debt to equity ratio (143.4%) is considered high.

Reducing Debt: AIR's debt to equity ratio has increased from 101.8% to 143.4% over the past 5 years.


Balance Sheet

Inventory Level: AIR has a high level of physical assets or inventory.

Debt Coverage by Assets: AIR's debt is covered by short term assets (assets are 6.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AIR has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: AIR has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Airbus's current dividend yield, its reliability and sustainability?

1.37%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.5%markettop25%4.5%industryaverage1.4%forecastin3Years2.1%

Current dividend yield vs market & industry

Notable Dividend: AIR's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: AIR's dividend (1.37%) is low compared to the top 25% of dividend payers in the French market (4.44%).


Stability and Growth of Payments

Stable Dividend: AIR's dividend payments have been volatile in the past 10 years.

Growing Dividend: AIR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: AIR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: AIR's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Guillaume Faury (51yo)

0.8yrs

Tenure

0

Mr. Guillaume M.J.D. Faury has been Chief Executive Officer and Director of Airbus SE since April 10, 2019. Mr. Faury has been the President of Airbus Commercial Aircraft at Airbus Helicopters SAS since Fe ...


Leadership Team

NamePositionTenureCompensationOwnership
Guillaume Faury
CEO & Executive Director0.8yrsno data0.0011% 1.1m
Dominik Asam
Chief Financial Officer0.8yrsno datano data
Michael Schoellhorn
Chief Operating Officer1yrsno datano data
Grazia Vittadini
Chief Technology Officer1.8yrsno datano data
Luc Hennekens
Chief Information Officer3.3yrsno datano data
Thorsten Fischer
Head of Investor Relations & Financial Communication0yrsno datano data
John Harrison
Group General Counsel4.7yrsno datano data
Rainer Ohler
Executive Vice President of Communications7.6yrsno datano data
Julie Kitcher
Executive VP of Communications & Corporate Affairs and Chief of Staff to the CEO0.8yrsno datano data
Thierry Baril
Chief Human Resources Officer7.7yrsno datano data

1.8yrs

Average Tenure

52yo

Average Age

Experienced Management: AIR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Guillaume Faury
CEO & Executive Director0.8yrsno data0.0011% 1.1m
Paul Drayson
Independent Non-Executive Director2.8yrs€169.48kno data
Ralph Crosby
Independent Non-Executive Director6.8yrs€175.00kno data
Denis Ranque
Independent Chairman6.8yrs€285.00k0.00026% 265.1k
Hermann-Josef Lamberti
Independent Non-Executive Director13.1yrs€195.00kno data
Lap Lik Chu
Independent Director1.8yrs€122.38kno data
Carlos Tavares
Independent Non-Executive Director3.8yrs€130.00kno data
Catherine Guillouard
Independent Non-Executive Director3.8yrs€195.00k0.000020% 20.4k
Maria Amparo Moraleda Martinez
Independent Non-Executive Director4.8yrs€192.24kno data
Claudia Nemat
Independent Non-Executive Director3.8yrs€175.00kno data

3.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: AIR's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Airbus SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Airbus SE
  • Ticker: AIR
  • Exchange: ENXTPA
  • Founded: 2000
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €101.951b
  • Shares outstanding: 782.68m
  • Website: https://www.airbus.com

Number of Employees


Location

  • Airbus SE
  • Mendelweg 30
  • Leiden
  • Zuid-Holland
  • 2333 CS
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIRAXTRA (XETRA Trading Platform)ADRDEEURNo data
AIRADB (Deutsche Boerse AG)ADRDEEURNo data
EADS.YOTCPK (Pink Sheets LLC)ADRUSUSDNo data
EADS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2000
AIRENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2000
AIRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2000
AIRBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJul 2000
0KVVLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2000
AIRXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJul 2000
AIRSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJul 2000
AIRWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2000
AIRBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2000
AIRDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2000
AIR NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJul 2000
EADS.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2006
AIRADB (Deutsche Boerse AG)UNSPONSORED ADRDEEURNov 2006

Biography

Airbus SE provides aerospace products, services, and solutions in the Netherlands and internationally. The company operates in three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space segments. The Airbus segment develops, manufactures, markets, and sells commercial jet aircraft of approximately 100 seats; and regional turboprop aircraft and aircraft components, as well as provides aircraft conversion and related services. The Airbus Helicopters segment develops, manufactures, markets, and sells civil and military helicopters; and offers helicopter related services. The Airbus Defence and Space segment designs, develops, delivers, and supports military aircraft, such as combat, mission, transport, and tanker aircraft; and offers unmanned aerial systems and their associated services. It also provides civil and defense space systems for telecommunications, earth observations, navigation, science, and orbital systems; missile systems; and missile and space launcher systems, as well as services around data processing from platforms, secure communication, and cyber security. The company was formerly known as Airbus Group SE and changed its name to Airbus SE in April 2017. Airbus SE was founded in 2000 and is based in Leiden, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 20:54
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.