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AIR

AirbusENXTPA:AIR Stock Report

Market Cap

€84.9b

7D

-4.6%

1Y

64.1%

Updated

25 Oct, 2021

Data

Company Financials +
AIR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance1/6
Financial Health5/6
Dividends0/6

AIR Overview

Airbus SE designs, manufactures, and distributes aerospace products and solutions in the Netherlands and internationally.

Airbus Competitors

Thales

ENXTPA:HO

€17.3b

Dassault Aviation

ENXTPA:AM

€7.5b

Siemens

XTRA:SIE

€111.4b

General Electric

NYSE:GE

US$115.6b

Price History & Performance

Summary of all time highs, changes and price drops for Airbus
Historical stock prices
Current Share Price€108.08
52 Week High€59.28
52 Week Low€121.00
Beta1.89
1 Month Change-6.34%
3 Month Change-3.78%
1 Year Change64.13%
3 Year Change12.78%
5 Year Change99.59%
Change since IPO517.60%

Recent News & Updates

Oct 13
Returns On Capital Are Showing Encouraging Signs At Airbus (EPA:AIR)

Returns On Capital Are Showing Encouraging Signs At Airbus (EPA:AIR)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Sep 11
Airbus (EPA:AIR) Seems To Use Debt Quite Sensibly

Airbus (EPA:AIR) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Aug 11
Are Investors Undervaluing Airbus SE (EPA:AIR) By 36%?

Are Investors Undervaluing Airbus SE (EPA:AIR) By 36%?

In this article we are going to estimate the intrinsic value of Airbus SE ( EPA:AIR ) by estimating the company's...

Shareholder Returns

AIRFR Aerospace & DefenseFR Market
7D-4.6%-4.2%0.7%
1Y64.1%38.2%35.2%

Return vs Industry: AIR exceeded the French Aerospace & Defense industry which returned 38.2% over the past year.

Return vs Market: AIR exceeded the French Market which returned 35.2% over the past year.

Price Volatility

Is AIR's price volatile compared to industry and market?
AIR volatility
AIR Beta1.89
Industry Beta1.63
Market Beta1

Stable Share Price: AIR is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AIR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998126,050Guillaume Fauryhttps://www.airbus.com

Airbus SE designs, manufactures, and distributes aerospace products and solutions in the Netherlands and internationally. The company operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The company’s 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.

Airbus Fundamentals Summary

How do Airbus's earnings and revenue compare to its market cap?
AIR fundamental statistics
Market Cap€84.93b
Earnings (TTM)€3.02b
Revenue (TTM)€55.60b

28.1x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AIR income statement (TTM)
Revenue€55.60b
Cost of Revenue€45.20b
Gross Profit€10.40b
Expenses€7.38b
Earnings€3.02b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)3.84
Gross Margin18.70%
Net Profit Margin5.43%
Debt/Equity Ratio143.5%

How did AIR perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIR (€108.08) is trading below our estimate of fair value (€230.21)

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


Price To Earnings Ratio

PE vs Industry: AIR is poor value based on its PE Ratio (28.1x) compared to the French Aerospace & Defense industry average (24.5x).

PE vs Market: AIR is poor value based on its PE Ratio (28.1x) compared to the French market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: AIR is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: AIR is overvalued based on its PB Ratio (9.2x) compared to the FR Aerospace & Defense industry average (1.7x).


Future Growth

How is Airbus forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

22.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIR's forecast earnings growth (22% per year) is above the savings rate (0.3%).

Earnings vs Market: AIR's earnings (22% per year) are forecast to grow faster than the French market (12.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIR's revenue (10.4% per year) is forecast to grow faster than the French market (6.2% per year).

High Growth Revenue: AIR's revenue (10.4% 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 high in 3 years time (35.6%)


Past Performance

How has Airbus performed over the past 5 years?

-31.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIR has a large one-off loss of €2.1B impacting its June 30 2021 financial results.

Growing Profit Margin: AIR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AIR's earnings have declined by 31.2% per year over the past 5 years.

Accelerating Growth: AIR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AIR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (5%).


Return on Equity

High ROE: Whilst AIR's Return on Equity (31.9%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Airbus's financial position?


Financial Position Analysis

Short Term Liabilities: AIR's short term assets (€57.4B) exceed its short term liabilities (€49.3B).

Long Term Liabilities: AIR's short term assets (€57.4B) exceed its long term liabilities (€48.8B).


Debt to Equity History and Analysis

Debt Level: AIR's debt to equity ratio (143.5%) is considered high.

Reducing Debt: AIR's debt to equity ratio has reduced from 197.3% to 143.5% over the past 5 years.

Debt Coverage: AIR's debt is well covered by operating cash flow (67.6%).

Interest Coverage: AIR's interest payments on its debt are well covered by EBIT (29.9x coverage).


Balance Sheet


Dividend

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

1.66%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AIR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AIR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AIR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AIR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AIR is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AIR's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Guillaume Faury (53 yo)

2.5yrs

Tenure

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

Experienced Management: AIR's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: AIR's board of directors are considered experienced (4.5 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 employee growth, exchange listings and data sources


Key Information

  • Name: Airbus SE
  • Ticker: AIR
  • Exchange: ENXTPA
  • Founded: 1998
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €84.927b
  • Shares outstanding: 785.78m
  • Website: https://www.airbus.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:32
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.