The DZ Bank recently maintained its rating for Airbus SE at “Buy,” with a fair stock value of 185 euros. This assessment followed a surprisingly positive start to the year for the company.
Airbus’ Quarterly Report
The first quarter brought Airbus some notable results:
- Aircraft Deliveries: 136 aircraft were delivered, representing a decrease of 4 percent compared to the previous year.
- Revenue: Increased by 6 percent to 13.5 billion euros, exceeding market expectations by 5 percent.
- Adjusted EBIT: Grew by 8 percent to 624 million euros, surpassing market estimates by 4 percent.
- Free Cash Flow: Improved from -1.8 billion euros to -310 million euros.
Forecast for 2025
- Planned deliveries of around 820 aircraft.
- An adjusted EBIT of approximately 7 billion euros is expected.
- Free cash flow is projected to be around 4.5 billion euros.
Evaluation by DZ Bank
The buy recommendation from DZ Bank is based on the positive start to the year and sets the fair value of the stock at 185 euros while it is currently trading around 154 euros. This could indicate a potential undervaluation for investors.
Significance for Retail Investors
This analysis signals to retail investors that Airbus remains an attractive investment despite the challenges in the aviation sector. The positive forecast and the stock price trading below the fair value provide incentives to buy. However, risks such as potential U.S. tariffs should be monitored, as they are not currently factored into the forecasts.