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AIRBUS SE (AIR.DE) Stock Fundamental Analysis

FRA:AIR - Deutsche Boerse Ag - NL0000235190 - Common Stock - Currency: EUR

165.14  -0.9 (-0.54%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to AIR. AIR was compared to 40 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of AIR while its profitability can be described as average. AIR is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

AIR had positive earnings in the past year.
AIR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AIR reported negative net income in multiple years.
AIR had a positive operating cash flow in 4 of the past 5 years.
AIR.DE Yearly Net Income VS EBIT VS OCF VS FCFAIR.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B 4B -4B 6B -6B

1.2 Ratios

AIR has a Return On Assets (2.63%) which is in line with its industry peers.
AIR's Return On Equity of 17.11% is fine compared to the rest of the industry. AIR outperforms 72.97% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.07%, AIR is in line with its industry, outperforming 45.95% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AIR is below the industry average of 8.88%.
Industry RankSector Rank
ROA 2.63%
ROE 17.11%
ROIC 5.07%
ROA(3y)3.6%
ROA(5y)1.71%
ROE(3y)32.9%
ROE(5y)11.67%
ROIC(3y)6.28%
ROIC(5y)4.24%
AIR.DE Yearly ROA, ROE, ROICAIR.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

1.3 Margins

AIR has a Profit Margin (4.84%) which is in line with its industry peers.
AIR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 6.36%, AIR is in line with its industry, outperforming 43.24% of the companies in the same industry.
AIR's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 15.01%, AIR is doing worse than 67.57% of the companies in the same industry.
AIR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 6.36%
PM (TTM) 4.84%
GM 15.01%
OM growth 3Y71.72%
OM growth 5Y-1.53%
PM growth 3YN/A
PM growth 5Y3.85%
GM growth 3Y10.6%
GM growth 5Y2.16%
AIR.DE Yearly Profit, Operating, Gross MarginsAIR.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15

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1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AIR is destroying value.
AIR has about the same amout of shares outstanding than it did 1 year ago.
AIR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AIR has a worse debt to assets ratio.
AIR.DE Yearly Shares OutstandingAIR.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
AIR.DE Yearly Total Debt VS Total AssetsAIR.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20B 40B 60B 80B 100B

2.2 Solvency

AIR has an Altman-Z score of 1.67. This is a bad value and indicates that AIR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AIR (1.67) is worse than 62.16% of its industry peers.
The Debt to FCF ratio of AIR is 11.14, which is on the high side as it means it would take AIR, 11.14 years of fcf income to pay off all of its debts.
AIR has a Debt to FCF ratio of 11.14. This is in the lower half of the industry: AIR underperforms 64.86% of its industry peers.
AIR has a Debt/Equity ratio of 0.72. This is a neutral value indicating AIR is somewhat dependend on debt financing.
AIR's Debt to Equity ratio of 0.72 is in line compared to the rest of the industry. AIR outperforms 45.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 11.14
Altman-Z 1.67
ROIC/WACC0.77
WACC6.6%
AIR.DE Yearly LT Debt VS Equity VS FCFAIR.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B -5B 10B 15B

2.3 Liquidity

A Current Ratio of 1.15 indicates that AIR should not have too much problems paying its short term obligations.
The Current ratio of AIR (1.15) is comparable to the rest of the industry.
A Quick Ratio of 0.44 indicates that AIR may have some problems paying its short term obligations.
AIR's Quick ratio of 0.44 is on the low side compared to the rest of the industry. AIR is outperformed by 83.78% of its industry peers.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 0.44
AIR.DE Yearly Current Assets VS Current LiabilitesAIR.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20B 40B 60B

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5

3. Growth

3.1 Past

The earnings per share for AIR have decreased strongly by -32.69% in the last year.
AIR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.06% yearly.
The Revenue has been growing slightly by 6.64% in the past year.
AIR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.54% yearly.
EPS 1Y (TTM)-32.69%
EPS 3Y60.61%
EPS 5Y4.06%
EPS Q2Q%5.56%
Revenue 1Y (TTM)6.64%
Revenue growth 3Y9.45%
Revenue growth 5Y0.54%
Sales Q2Q%5.32%

3.2 Future

AIR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.72% yearly.
AIR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.91% yearly.
EPS Next Y-19.69%
EPS Next 2Y3.2%
EPS Next 3Y8.97%
EPS Next 5Y13.72%
Revenue Next Year6.66%
Revenue Next 2Y8.37%
Revenue Next 3Y9.37%
Revenue Next 5Y9.91%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AIR.DE Yearly Revenue VS EstimatesAIR.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B 80B 100B
AIR.DE Yearly EPS VS EstimatesAIR.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5 10

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2

4. Valuation

4.1 Price/Earnings Ratio

AIR is valuated quite expensively with a Price/Earnings ratio of 36.45.
AIR's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.47, AIR is valued a bit more expensive.
Based on the Price/Forward Earnings ratio of 24.30, the valuation of AIR can be described as rather expensive.
AIR's Price/Forward Earnings ratio is in line with the industry average.
AIR is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 36.45
Fwd PE 24.3
AIR.DE Price Earnings VS Forward Price EarningsAIR.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 500 1K 1.5K 2K

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AIR is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AIR indicates a slightly more expensive valuation: AIR is more expensive than 70.27% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 85.85
EV/EBITDA 19.34
AIR.DE Per share dataAIR.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)8.99
EPS Next 2Y3.2%
EPS Next 3Y8.97%

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4

5. Dividend

5.1 Amount

AIR has a Yearly Dividend Yield of 1.08%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.41, AIR pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, AIR's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.08%

5.2 History

The dividend of AIR has a limited annual growth rate of 3.79%.
Dividend Growth(5Y)3.79%
Div Incr Years1
Div Non Decr Years2
AIR.DE Yearly Dividends per shareAIR.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

67.84% of the earnings are spent on dividend by AIR. This is not a sustainable payout ratio.
The dividend of AIR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP67.84%
EPS Next 2Y3.2%
EPS Next 3Y8.97%
AIR.DE Yearly Income VS Free CF VS DividendAIR.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B 4B -4B -6B
AIR.DE Dividend Payout.AIR.DE Dividend Payout, showing the Payout Ratio.AIR.DE Dividend Payout.PayoutRetained Earnings

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AIRBUS SE

FRA:AIR (2/5/2025, 10:51:15 AM)

165.14

-0.9 (-0.54%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)10-30 2024-10-30/amc
Earnings (Next)02-20 2025-02-20/amc
Inst Owners32.49%
Inst Owner ChangeN/A
Ins Owners0%
Ins Owner ChangeN/A
Market Cap130.84B
Analysts79.31
Price Target176.85 (7.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.08%
Yearly Dividend1.8
Dividend Growth(5Y)3.79%
DP67.84%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-21.93%
Min EPS beat(2)-58.43%
Max EPS beat(2)14.58%
EPS beat(4)2
Avg EPS beat(4)-10.55%
Min EPS beat(4)-58.43%
Max EPS beat(4)14.58%
EPS beat(8)6
Avg EPS beat(8)10.93%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-0.7%
Min Revenue beat(2)-1.02%
Max Revenue beat(2)-0.37%
Revenue beat(4)0
Avg Revenue beat(4)-0.93%
Min Revenue beat(4)-1.61%
Max Revenue beat(4)-0.37%
Revenue beat(8)2
Avg Revenue beat(8)-0.2%
Revenue beat(12)3
Avg Revenue beat(12)-0.5%
Revenue beat(16)6
Avg Revenue beat(16)-0.1%
PT rev (1m)4.96%
PT rev (3m)7.49%
EPS NQ rev (1m)5.33%
EPS NQ rev (3m)13.87%
EPS NY rev (1m)-2.61%
EPS NY rev (3m)-2.61%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)3.63%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-0.17%
Valuation
Industry RankSector Rank
PE 36.45
Fwd PE 24.3
P/S 1.94
P/FCF 85.85
P/OCF 26.33
P/B 6.86
P/tB 70.08
EV/EBITDA 19.34
EPS(TTM)4.53
EY2.74%
EPS(NY)6.79
Fwd EY4.11%
FCF(TTM)1.92
FCFY1.16%
OCF(TTM)6.27
OCFY3.8%
SpS85.07
BVpS24.09
TBVpS2.36
PEG (NY)N/A
PEG (5Y)8.99
Profitability
Industry RankSector Rank
ROA 2.63%
ROE 17.11%
ROCE 6.45%
ROIC 5.07%
ROICexc 6.33%
ROICexgc 9.36%
OM 6.36%
PM (TTM) 4.84%
GM 15.01%
FCFM 2.26%
ROA(3y)3.6%
ROA(5y)1.71%
ROE(3y)32.9%
ROE(5y)11.67%
ROIC(3y)6.28%
ROIC(5y)4.24%
ROICexc(3y)8.91%
ROICexc(5y)5.97%
ROICexgc(3y)14.35%
ROICexgc(5y)9.66%
ROCE(3y)7.99%
ROCE(5y)5.39%
ROICexcg growth 3Y86.71%
ROICexcg growth 5Y-2.62%
ROICexc growth 3Y86.15%
ROICexc growth 5Y-2.09%
OM growth 3Y71.72%
OM growth 5Y-1.53%
PM growth 3YN/A
PM growth 5Y3.85%
GM growth 3Y10.6%
GM growth 5Y2.16%
F-Score5
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 11.14
Debt/EBITDA 2.04
Cap/Depr 137.97%
Cap/Sales 5.11%
Interest Coverage 250
Cash Conversion 73.28%
Profit Quality 46.68%
Current Ratio 1.15
Quick Ratio 0.44
Altman-Z 1.67
F-Score5
WACC6.6%
ROIC/WACC0.77
Cap/Depr(3y)103.24%
Cap/Depr(5y)90.36%
Cap/Sales(3y)4.18%
Cap/Sales(5y)3.88%
Profit Quality(3y)79.65%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.69%
EPS 3Y60.61%
EPS 5Y4.06%
EPS Q2Q%5.56%
EPS Next Y-19.69%
EPS Next 2Y3.2%
EPS Next 3Y8.97%
EPS Next 5Y13.72%
Revenue 1Y (TTM)6.64%
Revenue growth 3Y9.45%
Revenue growth 5Y0.54%
Sales Q2Q%5.32%
Revenue Next Year6.66%
Revenue Next 2Y8.37%
Revenue Next 3Y9.37%
Revenue Next 5Y9.91%
EBIT growth 1Y1.06%
EBIT growth 3Y87.96%
EBIT growth 5Y-1%
EBIT Next Year35.49%
EBIT Next 3Y25.82%
EBIT Next 5Y19.69%
FCF growth 1Y-41.81%
FCF growth 3YN/A
FCF growth 5Y149.71%
OCF growth 1Y6.75%
OCF growth 3YN/A
OCF growth 5Y21.96%