Airbus Primed to Meet Growing Demand with Higher Production in 2019, but Shares Appear Fairly Valued
Shares for wide-moat-rated Airbus appear fairly valued at our EUR 120 fair value estimate. We think the market fully appreciates a robust aircraft demand environment and Airbus’ growing production rate. Airbus is currently divided into three segments: commercial aircraft, helicopters, and defense and space, but we believe the commercial aircraft business will drive most of Airbus’ valuation and support margin expansion, as it represents roughly 80% of the manufacturer’s operating income. Under n...Airbus is an European Aeronautic Defense and Space company whose core business is the manufacturing of commercial aircraft, civil and military helicopters, commercial space launch vehicles, missiles, military aircraft, satellites and defense systems and defense electronics and the rendering of services related to these activities. Co. organizes its businesses into the following five operating divisions: Airbus Commercial, Airbus Military, Eurocopter, Cassidian and Astrium. In addition, Co.'s Other Businesses division engages in the development, manufacturing, marketing and sale of regional turboprop aircraft and aircraft components.
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