Report
Jeffrey Vonk
EUR 100.00 For Business Accounts Only

Our View on Cobham Remains Unchanged Following Its Trading Update

Cobham's 10-month trading update did not change our no moat rating nor our GBX 130 fair value estimate. The company left fiscal-year 2018 guidance unchanged, and, as usual with its trading statements, gave little specific information on results since the first-half results in August. 
Cobham has been mired in a dispute with one of its customers, Boeing, over delays in supplying Inert Gas Generating Systems (aircraft refueling systems) for the KC-46 programme, which originally included 18 aircraf...
Underlying
Cobham plc

Cobham provides technologies and services across its defense, aerospace and space markets. Co. has four sectors: Communications and Connectivity, which provides equipment and solutions to enable connectivity across a range of environments in aerospace, avionics, satellite and radio, wireless and mobile connectivity markets; Mission Systems, which provides safety and survival systems, aerial refueling systems and wing-tip to wing-tip mission systems; Advanced Electronic Solutions, which provides solutions for communication on land, sea, in the air and in space through off-the-shelf and customized products; and Aviation Services, which provides outsourced aviation services.

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
Jeffrey Vonk

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