Report
Chris Higgins
EUR 147.86 For Business Accounts Only

Transdigm's business model remains a success, but revenue and profit growth will moderate.

Despite the run-up in Transdigm's share price, we still see value in the name thanks to its exemplary stewardship of capital and wide moat. Transdigm manufactures products for use onboard aircraft, including pumps, valves, actuators, water faucets and systems, audio systems, cargo handling systems, and lighting and instrumentation. We believe strong air travel demand--70% of sales are commercial aerospace related--and a rebound in U.S. defense spending will combine with Transdigm's well-oiled M&...
Underlying
TransDigm Group Incorporated

TransDigm Group is a holding company. Through its subsidiaries, the company designs, produces and supplies aircraft components for use on commercial and military aircraft. The company's segments are: Power and Control, which develops, produces and markets systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies; Airframe, which develops, produces and markets systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies; and Non-aviation, which develops, produces and markets products for non-aviation markets.

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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