Report
Chris Higgins
EUR 147.86 For Business Accounts Only

More Evidence of a New Airbus Group; Reaffirming Our EUR 70 Fair Value Estimate

Reports surfaced this week that narrow moat rated Airbus Group plans to launch a restructuring. Relative to Boeing, we think Airbus Group possesses an advantage in terms of efficiency and believe that new measures will accelerate the group’s transformation. More efficiency efforts also confirm our thesis that a new Airbus Group has emerged, and we reiterate our fair value estimate of EUR 70 per share.
While management hasn’t confirmed any potential restructuring, we believe some changes are in t...
Underlying
Airbus SE

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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