Rankings Defence, aerospace & space Airbus
Airbus
79
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Engines (Pratt & Whitney)−6
- Multiples vs own history−5
- Margin−4
Strengths
- Net cash+2
- Order book and broad customer base+2
How the score is built
From 100 to 79, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 193.42 EUR
- Median analyst target
- 237.50 EUR
- Upside to median
- +22.8%
- Analysts
- 24
- Target range
- 186.00 – 263.00 EUR
- 52-week change
- −9%
- P/E (trailing)
- 24.8
- Forward P/E
- 23.5
- PEG
- 1.54
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−6 of −30
- −4MarginAdjusted EBIT margin only 8.2% in H1 2026 and operating margin 8.7% TTM – below the 2021 level (9.3%), and the gross margin has fallen from 18.5% to 16.3%. For one half of a duopoly with about 10 years of orders, profitability is weak.
- −2Quality of earningsFCF margin only 5–6% (2021–25: 4.9–6.5%), and cash flow is extremely lopsided: FCF before customer financing was −€1.2bn in H1, and net cash fell from €12.2bn to 8.4bn in six months because of inventory build-up.
Price
Today's multiples against the company's own history and its peers. · 2 findings−9 of −35
- −5Multiples vs own historyForward P/E 24.1 (26.5 on 2026E, 22.2 on 2027E) vs 18.7–26.4 in 2021–25 (median 22.5); trailing P/E 25.7 vs 20.6–30.0; EV/EBITDA 16.1 vs 11.6–19.9; P/B 5.9. Above the median on forward P/E, but not extreme.
- −4FCF yieldFCF yield 3.1% TTM (P/FCF 32.5) and about 2.9% on guided FCF before customer financing (€4.5bn) at a market value of €153bn.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 2 findings−10 of −35
- −6Engines (Pratt & Whitney)In February the A320 ramp was cut from rate 75 in 2027 to 70–75 by the end of 2027 because of a 'significant' shortage of Pratt engines (stock −5.9% that day); Pratt remains the 'pacer' for 2026–27, and Airbus is threatening to enforce its contractual rights.
- −4H2 dependence418 deliveries through July vs a target of about 870; that requires almost 99 aircraft a month in September–December. At the same time FCF must turn from −€1.2bn in H1 to +€4.5bn for the year, so a small slip in deliveries hits both EBIT and FCF.
Plus
Only documented strengths. · 2 findings+4 of +15
- +2
- +2Order book and broad customer base821 net orders in H1 (402 a year earlier) and a backlog of 9,222 aircraft, about 10 years of production, spread across a very broad customer base; Defence and Space took €9.3bn of orders.
Caveats
What the score does not capture, or where the data is weak.
Primary listing in Paris (Euronext); also traded on Xetra. stockanalysis shows net debt of €1.1bn, but Airbus' own net cash was €8.4bn at 30/6 (stockanalysis includes leases and other items) – the company's figure is used. Buybacks (€565m) cover employee shares; the share count is unchanged. US–EU tariffs/trade policy, the Spirit AeroSystems integration and the space business (Bromo) have not been examined. Q3 comes 28/10.
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