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Airbus Group SE
(AIR)
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Rating:64Neutral
Price Target:
€210.00
▲(2.02% Upside)
Action:Downgraded
Date:10/30/26
The score is driven primarily by solid profitability and strengthening balance-sheet metrics, but is held back by the sharp TTM revenue decline and weaker cash-flow conversion. Technicals are neutral and valuation is moderately expensive, while the earnings call supports the outlook via reaffirmed guidance and strong backlog but flags near-term cash, inventory, and supply-chain/integration headwinds.
Positive Factors
Commercial Aircraft Backlog
The large commercial backlog provides substantial multi-year visibility into future deliveries and revenue. Strong net order intake also indicates sustained customer demand across Airbus aircraft families, supporting production utilization and reinforcing the company’s competitive position in civil aerospace.
Negative Factors
Cash Conversion and Inventory Pressure
Negative free cash flow and the sharp inventory build show that reported earnings are not currently converting smoothly into cash. Working-capital absorption can constrain financial flexibility, increase execution requirements during the ramp-up, and delay the realization of otherwise strong operating profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial Aircraft Backlog
The large commercial backlog provides substantial multi-year visibility into future deliveries and revenue. Strong net order intake also indicates sustained customer demand across Airbus aircraft families, supporting production utilization and reinforcing the company’s competitive position in civil aerospace.
Read all positive factors
Airbus Group SE (AIR) vs. iShares MSCI France ETF (EWQ)
Market Cap
€152.28B
Dividend Yield1.66%
Average Volume (3M)1.14M
Price to Earnings (P/E)24.6
Beta (1Y)1.18
Revenue Growth6.20%
EPS Growth21.81%
CountryFR
Employees168,754
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)7.81
Shares Outstanding792,283,700
10 Day Avg. Volume1,073,216
30 Day Avg. Volume1,141,149
Financial Highlights & Ratios
PEG Ratio1.26
Price to Book (P/B)6.00
Price to Sales (P/S)2.13
P/FCF Ratio35.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€237.44Price Target Upside15.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)7.32
Revenue Forecast (FY)€80.73B
Airbus Group SE Business Overview & Revenue Model
Company Description
Airbus SE operates as a leading global aerospace entity, focused on the conceptualization, manufacturing, and worldwide provision of a diverse range of aerospace products, accompanying services, and integrated solutions. The company's extensive ac...
How the Company Makes Money
Airbus makes money primarily by selling aerospace platforms and by providing high-margin services over the life of those platforms. A large share of revenue comes from its Commercial Aircraft business through the sale and delivery of jetliners (e....
Airbus Group SE Earnings Call Summary
Earnings Call Date:Oct 28, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 18, 2027
Earnings Call Sentiment Positive
The call was predominantly positive. Airbus reported strong revenue, EBIT and net-income growth, higher commercial aircraft deliveries, a large order backlog, substantial Defence and Space order intake, strong liquidity and unchanged 2026 guidance. These positives were tempered by negative free cash flow, inventory and working-capital buildup, engine and other supply-chain bottlenecks, the challenging Spirit integration, quality issues and ongoing antitrust uncertainty.Positive Updates
Revenue and EBIT Growth
Nine-month 2026 revenue increased 7% year-on-year to EUR 50.6 billion, mainly reflecting higher Commercial Aircraft deliveries and a higher contribution from Defence and Space. EBIT adjusted increased 8.9% to EUR 4.5 billion from EUR 4.1 billion, supported by higher Commercial Aircraft deliveries and strong Defence and Space performance.
Negative Updates
Negative Free Cash Flow Before Customer Financing
Free cash flow before customer financing was negative EUR 1.3 billion in the first nine months of 2026, mainly driven by working-capital changes, including inventory buildup linked to the back-end-loaded delivery profile and planned ramp-up. Free cash flow including customer financing was negative EUR 1.1 billion.
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Q3-2026 Updates
Positive
Negative
Revenue and EBIT Growth
Nine-month 2026 revenue increased 7% year-on-year to EUR 50.6 billion, mainly reflecting higher Commercial Aircraft deliveries and a higher contribution from Defence and Space. EBIT adjusted increased 8.9% to EUR 4.5 billion from EUR 4.1 billion, supported by higher Commercial Aircraft deliveries and strong Defence and Space performance.
Read all positive updates
Company Guidance
Airbus’s 2026 guidance remains unchanged and assumes no additional disruptions to global trade or the world economy, air traffic, the supply chain, its internal operations and ability to deliver products and services; it is before M&A and includes the impact of currently applicable tariffs, with targets of around 870 commercial aircraft deliveries, an EBIT adjusted of around EUR 7.5 billion and free cash flow before customer financing of around EUR 4.5 billion, or 870, plus or minus 20, with Spirit expected to have a low triple-digit EBIT effect and a high triple-digit cash effect in 2026; engines remain the pacing item for 2027, Airbus is targeting a stable rate of 75 for the A320, and its 2029 assumptions include a dollar rate of $1.22, with each cent representing roughly $250 million, while Defence and Space is modeled at around EUR 1.3 billion of EBIT in 2029.Airbus Group SE Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.63B | 73.42B | 69.23B | 65.45B | 58.76B | 52.15B |
| Gross Profit | 12.26B | 10.97B | 10.68B | 10.04B | 10.17B | 9.63B |
| EBITDA | 10.93B | 10.25B | 9.18B | 7.76B | 8.20B | 7.69B |
| Net Income | 6.17B | 5.22B | 4.23B | 3.79B | 4.25B | 4.21B |
Balance Sheet | ||||||
| Total Assets | 140.17B | 134.94B | 129.21B | 118.87B | 115.94B | 107.05B |
| Cash, Cash Equivalents and Short-Term Investments | 11.07B | 17.22B | 19.18B | 18.83B | 18.55B | 16.20B |
| Total Debt | 13.83B | 16.30B | 11.28B | 11.32B | 10.98B | 13.46B |
| Total Liabilities | 113.35B | 108.75B | 109.52B | 101.14B | 102.96B | 97.56B |
| Stockholders Equity | 26.74B | 26.10B | 19.61B | 17.70B | 12.95B | 9.47B |
Cash Flow | ||||||
| Free Cash Flow | 4.05B | 4.42B | 3.93B | 3.35B | 3.92B | 2.79B |
| Operating Cash Flow | 8.18B | 8.38B | 7.60B | 6.41B | 6.39B | 4.72B |
| Investing Cash Flow | -5.56B | -4.99B | -6.72B | -4.13B | -3.07B | -2.66B |
| Financing Cash Flow | -3.13B | -3.55B | -2.70B | -1.42B | -2.26B | -2.32B |
Airbus Group SE Technical Analysis
Negative
205.85
Price Trends
194.61
Negative
198.23
Negative
187.06
Positive
Market Momentum
<0.01
Negative
48.41
Neutral
32.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:AIR, the sentiment is Negative. The current price of 205.85 is above the 20-day moving average (MA) of 191.94, above the 50-day MA of 194.61, and above the 200-day MA of 187.06, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.41 is Neutral, neither overbought nor oversold. The STOCH value of 32.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:AIR.
Airbus Group SE Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €23.60B | 23.78 | 15.18% | 1.56% | 33.17% | 29.17% | |
70 Outperform | €48.44B | 32.38 | 18.73% | 1.65% | 6.89% | 118.90% | |
64 Neutral | €152.28B | 24.64 | 23.54% | 1.66% | 6.20% | 21.81% | |
64 Neutral | €114.94B | 29.61 | 26.45% | 1.22% | 14.27% | -9.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | €440.95M | 100.40 | 1.20% | ― | 12.61% | -86.29% | |
41 Neutral | €148.95M | -3.08 | -69.70% | ― | 11.71% | -171.43% |
* Industrials Sector Average
FR:AIR
Airbus Group SE
192.40
-17.86
-8.50%
FR:AM
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307.00
26.79
9.56%
FR:LAT
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0.01
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FR:SAF
SAFRAN SA
275.70
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-10.15%
FR:HO
Thales
235.70
-9.38
-3.83%
FR:FGA
Figeac Aero SA
10.04
-1.96
-16.33%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.