Airbus: Oddo BHF remains confident after roadshow
(CercleFinance.com) - Oddo BHF reiterates its 'outperform' rating on Airbus shares, along with its E205 target price, believing that while the start of the year will be weak, the delivery target shows more serenity on expectations for the A320 family.
Airbus remains one of the few 'value' stocks in the sector, trading at a 2026 P/E of 20.5x and a 4.8% FCF yield for a 2024-28 EPS CAGR of 24%, the analyst says.
The absence of any new program between now and 2035 guarantees a more shareholder-friendly capital allocation, thanks to E49.7bn of cumulative free cash flow over the next five years, he adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Airbus remains one of the few 'value' stocks in the sector, trading at a 2026 P/E of 20.5x and a 4.8% FCF yield for a 2024-28 EPS CAGR of 24%, the analyst says.
The absence of any new program between now and 2035 guarantees a more shareholder-friendly capital allocation, thanks to E49.7bn of cumulative free cash flow over the next five years, he adds.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.