AIRBUS SE (AIR.PA)
NL0000235190 - Common Stock
AIR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Aerospace & Defense industry. While AIR is still in line with the averages on profitability rating, there are concerns on its financial health. AIR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AIR was profitable.
In the past year AIR had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AIR reported negative net income in multiple years.
Of the past 5 years AIR 4 years had a positive operating cash flow.
1.2 Ratios
AIR's Return On Assets of 3.19% is in line compared to the rest of the industry. AIR outperforms 50.00% of its industry peers.
AIR has a better Return On Equity (21.27%) than 80.00% of its industry peers.
AIR has a Return On Invested Capital of 5.44%. This is comparable to the rest of the industry: AIR outperforms 42.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AIR is below the industry average of 8.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.19% | ||
| ROE | 21.27% | ||
| ROIC | 5.44% |
ROA(3y)3.6%
ROA(5y)1.71%
ROE(3y)32.9%
ROE(5y)11.67%
ROIC(3y)6.28%
ROIC(5y)4.24%
1.3 Margins
AIR has a Profit Margin (5.89%) which is comparable to the rest of the industry.
AIR's Profit Margin has improved in the last couple of years.
AIR's Operating Margin of 6.83% is on the low side compared to the rest of the industry. AIR is outperformed by 60.00% of its industry peers.
AIR's Operating Margin has declined in the last couple of years.
AIR's Gross Margin of 15.51% is on the low side compared to the rest of the industry. AIR is outperformed by 77.50% of its industry peers.
In the last couple of years the Gross Margin of AIR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.83% | ||
| PM (TTM) | 5.89% | ||
| GM | 15.51% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AIR is destroying value.
The number of shares outstanding for AIR remains at a similar level compared to 1 year ago.
Compared to 5 years ago, AIR has more shares outstanding
AIR has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that AIR is in the distress zone and has some risk of bankruptcy.
AIR's Altman-Z score of 1.67 is on the low side compared to the rest of the industry. AIR is outperformed by 62.50% of its industry peers.
The Debt to FCF ratio of AIR is 7.68, which is on the high side as it means it would take AIR, 7.68 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 7.68, AIR perfoms like the industry average, outperforming 47.50% of the companies in the same industry.
A Debt/Equity ratio of 0.76 indicates that AIR is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.76, AIR is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 7.68 | ||
| Altman-Z | 1.67 |
ROIC/WACC0.81
WACC6.75%
2.3 Liquidity
A Current Ratio of 1.17 indicates that AIR should not have too much problems paying its short term obligations.
With a Current ratio value of 1.17, AIR is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.51 indicates that AIR may have some problems paying its short term obligations.
AIR has a Quick ratio of 0.51. This is amonst the worse of the industry: AIR underperforms 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 4.25% over the past year.
Measured over the past 5 years, AIR shows a small growth in Earnings Per Share. The EPS has been growing by 4.06% on average per year.
Looking at the last year, AIR shows a quite strong growth in Revenue. The Revenue has grown by 13.65% in the last year.
Measured over the past years, AIR shows a small growth in Revenue. The Revenue has been growing by 0.54% on average per year.
EPS 1Y (TTM)4.25%
EPS 3Y60.61%
EPS 5Y4.06%
EPS growth Q2Q27.97%
Revenue 1Y (TTM)13.65%
Revenue growth 3Y9.45%
Revenue growth 5Y0.54%
Revenue growth Q2Q9.07%
3.2 Future
The Earnings Per Share is expected to grow by 13.57% on average over the next years. This is quite good.
The Revenue is expected to grow by 10.89% on average over the next years. This is quite good.
EPS Next Y5.04%
EPS Next 2Y14.2%
EPS Next 3Y16.77%
EPS Next 5Y13.57%
Revenue Next Year10.72%
Revenue Next 2Y11.71%
Revenue Next 3Y12.14%
Revenue Next 5Y10.89%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.08, the valuation of AIR can be described as expensive.
AIR's Price/Earnings is on the same level as the industry average.
AIR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.91.
The Price/Forward Earnings ratio is 19.23, which indicates a rather expensive current valuation of AIR.
AIR's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of AIR to the average of the S&P500 Index (20.51), we can say AIR is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.08 | ||
| Fwd PE | 19.23 |
4.2 Price Multiples
60.00% of the companies in the same industry are cheaper than AIR, based on the Enterprise Value to EBITDA ratio.
AIR's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AIR is more expensive than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.43 | ||
| EV/EBITDA | 18.12 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as AIR's earnings are expected to grow with 16.77% in the coming years.
PEG (NY)4.98
PEG (5Y)6.18
EPS Next 2Y14.2%
EPS Next 3Y16.77%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.11%, AIR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.56, AIR has a dividend in line with its industry peers.
With a Dividend Yield of 1.11, AIR pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
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
5.3 Sustainability
36.27% of the earnings are spent on dividend by AIR. This is a low number and sustainable payout ratio.
AIR's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP36.27%
EPS Next 2Y14.2%
EPS Next 3Y16.77%
AIRBUS SE
EPA:AIR (5/15/2024, 7:00:00 PM)
160
+1.3 (+0.82%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap126.55B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.08 | ||
| Fwd PE | 19.23 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)4.98
PEG (5Y)6.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.19% | ||
| ROE | 21.27% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.83% | ||
| PM (TTM) | 5.89% | ||
| GM | 15.51% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.17 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)4.25%
EPS 3Y60.61%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.04%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)13.65%
Revenue growth 3Y9.45%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y