Rolls-Royce : Outperform and target price of 350p – Thrusting forward
>Upside of c30% on the low end of the target range - It is not easy to upgrade to Outperform after the recent share price trajectory, but based on our new estimates, which only factor in a partial success for the plan unveiled at the CMD (lower end of range), the valuation is still largely attractive. The stock is trading at a 2025e adjusted FCF yield of 10.4% vs 5.2% for Safran and 6% for MTU and a 2025e P/E of 17.4x (10% discount to Safran but 15% premium to MTU)....Rolls Royce Holdings is an engineering company. Co. is organised into five businesses: civil aerospace, which develops, manufactures, markets and sells commercial aero engines and aftermarket services; defense aerospace, which develops, manufactures, markets and sells military aero engines and aftermarket services; power systems, which develops, manufactures, markets and sells reciprocating engines and power systems; marine, which is develops, manufactures, markets and sells marine-power propulsion systems and aftermarket services; and nuclear, which develops, manufactures, markets and sells nuclear systems for civil power generation and naval propulsion systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.