Report
Chris Higgins
EUR 147.86 For Business Accounts Only

The C Series will incur losses through 2020, keeping Bombardier's share price depressed.

At Bombardier’s investor day, its management team declared that it had de-risked the business and that it will now grow earnings and cash flow. We like the near- to mid-term story and believe management, which has delivered in 2016 and will continue to do so in 2017. However, long-term challenges are in focus for us, and we think these will create headwinds relative to the growth path management has outlined. Despite the shares moving upward after the event, we’re maintaining our fair value esti...
Underlying
Bombardier Inc. Class B

Bombardier is a manufacturer of transportation equipment. Co. carries out its operations in four segments. Aircraft is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global). Commercial Aircraft designs and manufactures commercial aircraft in the 60- to 150-seat categories and provides aftermarket support for these aircraft as well as for the 20- to 59-seat range category. Aerostructures and Engineering Services designs and manufactures aircraft structural components and provides aftermarket component repair and overhaul. Transportation delivers products and services in sustainable mobility.

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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