Table of Contents :
• Stock Rating & Target Price
• Investment Thesis
• Fundamental Models Used
• Company Description
• Corporate Timeline
• Key Metrics (KPI ) and Recently Reported Earnings Review
• Business Highlights, Strategic Announcements & Outlook
• Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) Growth Analysis
• Key Catalysts Driving Growth
• Historical Financial Statement Analysis & CAGR Trends
• Quarterly Key Financial Ratios and Performance Metrics
• Annual Financial Performance Analysis: Horizontal and Vertical Financial Analysis, Trends
• Financial Forecasts
• Annual Forecasts: Income Statement
• Annual Forecasts: Cash Flow Statements
• Net Debt Levels
• A Closer Look at DCF: Our Assumptions and Methodology
• Terminal Value Calculation
• Target Price Analysis
• Valuation Multiples
• Supplementary Valuation Analysis: Multiples Approach
• Scenario/Sensitivity Analysis – Base Case , Bull Case ,Bear Case
• Holistic Peer Review & Trading Comps: Financial Data, Operational Metrics, and Valuation Multiples
• Implied Price Per Share
• Ownership Activity/ Insider Trades
• Ownership Summary
• An analysis of ESG Risk Rating
• Key Professionals
• Key Board Members
• Key Risks Considerations
• Analyst Ratings
• Analyst Industry Views
• Disclosures
Airbus: Can Supply Chain Challenges Derail Its Quest to Meet Surging Jet Demand and Sustain Its Duopoly with Boeing?
Airbus’ 9M 2024 results highlighted resilience amidst supply chain challenges, with revenues rising 5% YoY to €44.5 billion and a record backlog of 8,749 units reinforcing robust demand. Deliveries reached 497 aircraft YTD, driven by strong narrow-body momentum (A320 family) and milestones like the A321XLR’s first delivery, while wide-body growth was supported by A350 demand. Adjusted EBIT declined 22% YoY to €2.8 billion, impacted by €989 million in Defense and Space charges, overstaffing, and inflationary pressures. Supply chain disruptions, particularly from Spirit AeroSystems and narrow-body engine suppliers like CFM and Pratt & Whitney, remain critical bottlenecks, threatening Airbus’ ability to meet its 770 delivery target, which we forecast slightly lower at 763. Helicopters outperformed with 12% EBIT growth, while Defense and Space restructuring is ongoing, aiming to cut costs and boost competitiveness. Airbus’ "Lead Initiative" and proactive supplier engagements aim to stabilize production, supported by a strong medium-term demand environment and continued leadership in the narrow-body market. Tailwinds include a healthy order pipeline, operational efficiency gains, and rising demand for sustainable aviation technologies. However, supply chain fragility, engine bottlenecks, and execution risks persist. Can Airbus effectively address supply chain disruptions to sustain its delivery ramp-up and maintain its competitive edge against Boeing?
