Projected Income Statement: Airbus SE

Forecast Balance Sheet: Airbus SE

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 -4,312 -7,643 -5,477 -4,974 11,753 -12,774 -16,010 -20,409
Change - -77.25% 28.34% 9.18% 336.29% -208.69% -25.33% -27.48%
Announcement Date 18/02/21 17/02/22 16/02/23 15/02/24 20/02/25 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Airbus SE

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 1,759 1,928 2,464 3,051 3,669 3,781 3,959 4,149
Change - 9.61% 27.8% 23.82% 20.26% 3.05% 4.72% 4.79%
Free Cash Flow (FCF) 1 -7,179 3,515 3,824 4,386 4,463 4,246 5,674 7,175
Change - 148.96% 8.79% 14.7% 1.76% -4.85% 33.63% 26.44%
Announcement Date 18/02/21 17/02/22 16/02/23 15/02/24 20/02/25 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Airbus SE

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 9.09% 13.79% 14.2% 12.35% 11.85% 13.35% 13.69% 14.24%
EBIT Margin (%) 3.42% 9.33% 9.58% 8.92% 7.73% 9.51% 10.22% 10.93%
EBT Margin (%) -2.26% 9.64% 8.64% 7.29% 7.84% 9.51% 9.91% 10.6%
Net margin (%) -2.27% 8.08% 7.23% 5.79% 6.11% 6.86% 7.59% 8.04%
FCF margin (%) -14.38% 6.74% 6.51% 6.7% 6.45% 5.71% 6.78% 7.66%
FCF / Net Income (%) 633.63% 83.43% 90.04% 115.76% 105.46% 83.2% 89.32% 95.19%

Profitability

        
ROA 0.95% 3.13% 3.64% 3.76% 3.22% 3.82% 4.69% 5.21%
ROE 17.15% 42.7% 37.89% 28.83% 21.4% 24.05% 25.04% 25.46%

Financial Health

        
Leverage (Debt/EBITDA) - - - - 1.43x - - -
Debt / Free cash flow - - - - 2.63x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 3.52% 3.7% 4.19% 4.66% 5.3% 5.09% 4.73% 4.43%
CAPEX / EBITDA (%) 38.77% 26.82% 29.53% 37.76% 44.71% 38.09% 34.54% 31.09%
CAPEX / FCF (%) -24.5% 54.85% 64.44% 69.56% 82.21% 89.04% 69.78% 57.83%

Items per share

        
Cash flow per share 1 -6.921 5.903 7.982 7.931 9.358 9.422 10.97 12.46
Change - 185.29% 35.23% -0.65% 18% 0.69% 16.47% 13.57%
Dividend per Share 1 - 1.5 1.8 1.8 2 2.64 3.169 3.829
Change - - 20% 0% 11.11% 32.01% 20.01% 20.86%
Book Value Per Share 1 8.224 12.05 16.44 22.47 24.88 28.6 33.92 40.23
Change - 46.52% 36.47% 36.66% 10.72% 14.95% 18.58% 18.62%
EPS 1 -1.45 5.36 5.4 4.8 5.36 6.343 8.053 9.66
Change - 469.66% 0.75% -11.11% 11.67% 18.34% 26.97% 19.94%
Nbr of stocks (in thousands) 7,83,254 7,85,848 7,87,488 7,89,177 7,89,377 7,89,380 7,89,380 7,89,380
Announcement Date 18/02/21 17/02/22 16/02/23 15/02/24 20/02/25 - - -
1EUR
Estimates
2025 *2026 *
P/E ratio 30.6x 24.1x
PBR 6.78x 5.72x
EV / Sales 1.89x 1.64x
Yield 1.36% 1.63%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
194.02EUR
Average target price
224.75EUR
Spread / Average Target
+15.84%
Consensus

Quarterly revenue - Rate of surprise