ENXTPA:AIR

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Proven track record and fair value.


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


Market Performance


7 Day Return

2.0%

AIR

-0.8%

FR Aerospace & Defense

-0.9%

FR Market


1 Year Return

29.4%

AIR

18.8%

FR Aerospace & Defense

12.5%

FR Market

Return vs Industry: AIR exceeded the French Aerospace & Defense industry which returned 18.8% over the past year.

Return vs Market: AIR exceeded the French Market which returned 12.5% over the past year.


Shareholder returns

AIRIndustryMarket
7 Day2.0%-0.8%-0.9%
30 Day1.5%-2.4%-0.8%
90 Day-7.7%-5.2%-0.5%
1 Year31.3%29.4%20.6%18.8%16.3%12.5%
3 Year139.9%128.2%99.9%90.3%43.1%29.1%
5 Year194.6%168.3%172.8%148.5%71.4%45.4%

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?

47.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIR (€121.86) is trading below our estimate of fair value (€232.25)

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


Price To Earnings Ratio

PE vs Industry: AIR is good value based on its PE Ratio (25.2x) compared to the Aerospace & Defense industry average (25.2x).

PE vs Market: AIR is poor value based on its PE Ratio (25.2x) compared to the French market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: AIR is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: AIR is overvalued based on its PB Ratio (12.7x) compared to the FR Aerospace & Defense industry average (1.8x).


Next Steps

Future Growth

How is Airbus forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

17.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIR's forecast earnings growth (17.3% per year) is above the savings rate (0.7%).

Earnings vs Market: AIR's earnings (17.3% per year) are forecast to grow faster than the French market (11.4% per year).

High Growth Earnings: AIR's earnings are forecast to grow, but not significantly.

Revenue vs Market: AIR's revenue (3.6% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: AIR's revenue (3.6% 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 (32.4%)


Next Steps

Past Performance

How has Airbus performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AIR's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: AIR's earnings growth over the past year (112.6%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: AIR earnings growth over the past year (112.6%) exceeded the Aerospace & Defense industry 24.9%.


Return on Equity

High ROE: Whilst AIR's Return on Equity (50.04%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: AIR's Return on Assets is below or equal to the Aerospace & Defense industry average last year.


Return on Capital Employed

ROCE Improving: AIR has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Airbus's financial position?


Financial Position Analysis

Short Term Liabilities: AIR's short term assets (€55.6B) do not cover its short term liabilities (€56.5B)

Long Term Liabilities: AIR's short term assets (55.6B) exceeds its long term liabilities (48.5B)


Debt to Equity History and Analysis

Debt Level: AIR's debt to equity ratio (130.7%) is considered high

Reducing Debt: AIR's debt to equity ratio has increased from 72.4% to 130.7% over the past 5 years.

Debt Coverage: AIR's debt is well covered by operating cash flow (24.7%).

Interest Coverage: AIR's interest payments on its debt are well covered by EBIT (35.8x coverage).


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 5.719570x debt).


Next Steps

Dividend

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

1.35%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.5%markettop25%4.7%industryaverage1.5%forecastin3Years2.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AIR's dividend (1.35%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.55%).

High Dividend: AIR's dividend (1.35%) is low compared to the top 25% of dividend payers in the French market (4.71%).

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: With its reasonably low payout ratio (34.1%), AIR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AIR's dividends in 3 years are forecast to be well covered by earnings (33.7% payout ratio).


Next Steps

Management

What is the CEO of Airbus's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Guillaume Faury (51yo)

0.5yrs

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 ...


Management Age and Tenure

1.4yrs

Average Tenure

52yo

Average Age

Experienced Management: AIR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Age and Tenure

3.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: AIR's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

Sell€4,552,80001 Mar 19
Thomas Enders
EntityIndividual
Shares40,000
Max Price€113.82
Buy€1,090,67405 Nov 18
Thomas Enders
EntityIndividual
Shares11,360
Max Price€96.01

Ownership Breakdown


Management Team

  • Thierry Baril (54yo)

    Chief Human Resources Officer

    • Tenure: 7.3yrs
  • Dominik Asam (50yo)

    Chief Financial Officer

    • Tenure: 0.5yrs
  • Luc Hennekens

    Chief Information Officer

    • Tenure: 3yrs
  • John Harrison (52yo)

    Group General Counsel

    • Tenure: 4.3yrs
  • Guillaume Faury (51yo)

    CEO & Executive Director

    • Tenure: 0.5yrs
  • Rainer Ohler (57yo)

    Executive Vice President of Communications

    • Tenure: 7.3yrs
  • Michael Schoellhorn (54yo)

    Chief Operating Officer

    • Tenure: 0.7yrs
  • Julie Kitcher

    Executive VP of Communications & Corporate Affairs and Chief of Staff to the CEO

    • Tenure: 0.5yrs
  • Grazia Vittadini (48yo)

    Chief Technology Officer

    • Tenure: 1.4yrs
  • Thorsten Fischer

    Head of Investor Relations & Financial Communication

    • Tenure: 0yrs

Board Members

  • Paul Drayson (58yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: €169.48k
  • Ralph Crosby (72yo)

    Independent Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: €175.00k
  • Denis Ranque (67yo)

    Independent Chairman

    • Tenure: 6.5yrs
    • Compensation: €285.00k
  • Hermann-Josef Lamberti (63yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: €195.00k
  • Victor Chu (62yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: €122.38k
  • Carlos Tavares (61yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: €130.00k
  • Catherine Guillouard (54yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: €195.00k
  • Maria Amparo Moraleda Martinez (55yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: €192.24k
  • Guillaume Faury (51yo)

    CEO & Executive Director

    • Tenure: 0.5yrs
  • Claudia Nemat (51yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: €175.00k

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: €94.746b
  • Shares outstanding: 777.50m
  • Website: https://www.airbus.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EADS.YOTCPK (Pink Sheets LLC)ADRUSUSDNo data
AIRADB (Deutsche Boerse AG)ADRDEEURNo data
AIRAXTRA (XETRA Trading Platform)ADRDEEURNo data
AIRBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJul 2000
0KVVLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2000
AIRDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2000
AIRXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJul 2000
AIRBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2000
AIRENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2000
EADS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2000
AIRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2000
AIRSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJul 2000
AIRWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2000
AIR NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJul 2000
AIRADB (Deutsche Boerse AG)UNSPON ADR EA REPR 0.25 ORD EUR1DEEURNov 2006
EADS.YOTCPK (Pink Sheets LLC)UNSPON ADR EA REPR 0.25 ORD EUR1USUSDNov 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 segme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:38
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.