Spirit AeroSystems Holdings, Inc.

NYSE:SPR Stock Report

Market Cap: US$4.0b

Spirit AeroSystems Holdings Valuation

Is SPR 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 SPR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPR ($34.08) is trading below our estimate of fair value ($56.42)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SPR. This is calculated by dividing SPR's market cap by their current revenue.
What is SPR's PS Ratio?
PS Ratio0.6x
SalesUS$6.48b
Market CapUS$3.96b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SPR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.4x
KTOS Kratos Defense & Security Solutions
3.5x10.4%US$4.0b
AVAV AeroVironment
5.7x12.4%US$4.3b
HXL Hexcel
2.7x7.3%US$5.1b
MOG.A Moog
1.7x4.6%US$6.2b
SPR Spirit AeroSystems Holdings
0.6x12.1%US$4.0b

Price-To-Sales vs Peers: SPR is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (3.4x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
VVX V2X
0.4x4.8%US$1.52b
LLAP Terran Orbital
0.4x29.5%US$51.22m
SIF SIFCO Industries
0.3xn/aUS$22.95m
AIRI Air Industries Group
0.3x1.8%US$14.24m
SPR 0.6xIndustry Avg. 2.4xNo. of Companies12PS0246810+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SPR is good value based on its Price-To-Sales Ratio (0.6x) compared to the US Aerospace & Defense industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is SPR'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.

SPR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: SPR is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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 SPR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$34.08
US$36.88
+8.2%
1.7%US$37.25US$35.00n/a13
Dec ’25US$32.36
US$36.88
+14.0%
1.7%US$37.25US$35.00n/a13
Nov ’25US$32.90
US$36.88
+12.1%
1.7%US$37.25US$35.00n/a13
Oct ’25US$32.92
US$35.88
+9.0%
7.0%US$37.25US$29.00n/a14
Sep ’25US$35.21
US$35.97
+2.1%
6.8%US$37.25US$29.00n/a15
Aug ’25US$35.28
US$35.83
+1.6%
6.9%US$37.25US$29.00n/a15
Jul ’25US$33.97
US$35.25
+3.8%
9.5%US$40.00US$29.00n/a16
Jun ’25US$30.32
US$35.63
+17.5%
11.2%US$45.00US$29.00n/a19
May ’25US$32.07
US$36.32
+13.2%
11.2%US$45.00US$30.00n/a19
Apr ’25US$35.44
US$35.26
-0.5%
13.7%US$45.00US$26.00n/a19
Mar ’25US$32.98
US$34.68
+5.2%
14.0%US$45.00US$26.00n/a19
Feb ’25US$27.69
US$33.24
+20.0%
17.4%US$45.00US$21.00n/a21
Jan ’25US$31.78
US$31.00
-2.5%
16.7%US$45.00US$21.00n/a20
Dec ’24US$28.17
US$30.10
+6.9%
18.6%US$45.00US$21.00US$32.3620
Nov ’24US$24.38
US$28.24
+15.8%
19.9%US$45.00US$21.00US$32.9017
Oct ’24US$16.14
US$26.85
+66.3%
26.5%US$45.00US$16.00US$32.9215
Sep ’24US$21.37
US$28.54
+33.5%
22.0%US$45.00US$18.00US$35.2113
Aug ’24US$31.44
US$36.53
+16.2%
18.2%US$45.00US$25.00US$35.2815
Jul ’24US$29.19
US$36.53
+25.2%
18.2%US$45.00US$25.00US$33.9715
Jun ’24US$27.71
US$36.53
+31.8%
18.2%US$45.00US$25.00US$30.3215
May ’24US$29.45
US$40.57
+37.8%
16.7%US$50.00US$26.00US$32.0714
Apr ’24US$34.53
US$40.31
+16.7%
17.2%US$50.00US$26.00US$35.4413
Mar ’24US$33.58
US$40.62
+21.0%
17.0%US$50.00US$26.00US$32.9813
Feb ’24US$36.14
US$38.08
+5.4%
16.4%US$47.00US$26.00US$27.6913
Jan ’24US$29.60
US$35.62
+20.3%
16.5%US$43.00US$26.00US$31.7813
Dec ’23US$26.74
US$35.31
+32.0%
16.9%US$43.00US$26.00US$28.1713

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 Analysis2024/12/31 22:53
End of Day Share Price 2024/12/31 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