Airbus Group SE (FR:AIR)
:AIR
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Airbus Group SE
(AIR)
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Rating:66Neutral
Price Target:
€182.00
▲(10.21% Upside)
Action:ReiteratedDate:03/26/26
Score is led by solid financial fundamentals and cash generation supporting the medium-term recovery, reinforced by a strong backlog and continued profitability guidance despite near-term execution headwinds. The rating is held back by weak technicals (below key moving averages with negative momentum) and a relatively rich valuation (P/E ~30) with only a modest dividend yield.
Positive Factors
Record backlog and order visibility
A €619bn backlog and strong 2025 order intake create multi-year revenue visibility, smoothing future production planning and aftermarket revenue. This durable demand pipeline supports steady factory utilization, long-term cash conversion from deliveries, and strategic capacity planning.
Negative Factors
Engine supply constraints
Uncertain engine supply from Pratt & Whitney is a structural execution risk that slows Airbus’s planned production ramp. Persisting constraints compress deliveries, delay revenue recognition and aftermarket follow-ons, and force ongoing supplier re-sequencing that can raise unit costs and extend ramp timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Record backlog and order visibility
A €619bn backlog and strong 2025 order intake create multi-year revenue visibility, smoothing future production planning and aftermarket revenue. This durable demand pipeline supports steady factory utilization, long-term cash conversion from deliveries, and strategic capacity planning.
Read all positive factors
Airbus Group SE (AIR) vs. iShares MSCI France ETF (EWQ)
Market Cap
€130.00B
Dividend Yield1.53%
Average Volume (3M)1.52M
Price to Earnings (P/E)30.0
Beta (1Y)1.09
Revenue Growth7.05%
EPS Growth54.98%
CountryFR
Employees157,894
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)2.92
Shares Outstanding792,283,700
10 Day Avg. Volume1,725,565
30 Day Avg. Volume1,523,021
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
€213.46Price Target Upside29.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)7.3
Revenue Forecast (FY)€80.40B
Airbus Group SE Business Overview & Revenue Model
Company Description
Airbus SE engages in the designing, manufacturing, and delivering aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, man...
How the Company Makes Money
Airbus makes money primarily by selling aerospace products and by providing higher-margin services over the lifecycle of those products.
1) Commercial aircraft sales (largest driver): Airbus generates revenue from the sale and delivery of commerc...
Airbus Group SE Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Neutral
The call presented a mix of strong financial and commercial achievements (record backlog, higher revenues, EBIT adjusted up ~31%, robust order intake across defense and helicopters, healthy liquidity and hedging) alongside material near-term operational and integration headwinds (Pratt engine supply shortfall, A320 panel quality issue, Spirit integration impairment and cash drag, tariff and FX impacts). Management delivered 2025 record results and a clear strategic rationale for acquisitions while giving cautious 2026 guidance that incorporates these headwinds.Positive Updates
Record Financial Performance in 2025
Revenues rose to EUR 73.4 billion (+6% year-on-year). EBIT adjusted increased to EUR 7.1 billion (from EUR 5.4 billion in 2024, ~+31.5%). Net income reached a record EUR 5.2 billion. Free cash flow before customer financing was EUR 4.6 billion and free cash flow including customer financing was EUR 4.8 billion. EPS reported EUR 6.61 and EPS adjusted EUR 6.89. Proposed dividend EUR 3.20 per share (~50% payout ratio).
Negative Updates
Pratt & Whitney Engine Supply Shortfall
Pratt & Whitney has not committed to the number of engines Airbus expects for 2026 deliveries, creating a delivery constraint that forced Airbus to revise ramp-up timing. Airbus now expects to reach between 70 and 75 A320 family aircraft per month by end-2027 (stabilizing at 75 thereafter) instead of earlier ambitions. Management expects material impact mainly in 2026 and to a lesser extent 2027.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Financial Performance in 2025
Revenues rose to EUR 73.4 billion (+6% year-on-year). EBIT adjusted increased to EUR 7.1 billion (from EUR 5.4 billion in 2024, ~+31.5%). Net income reached a record EUR 5.2 billion. Free cash flow before customer financing was EUR 4.6 billion and free cash flow including customer financing was EUR 4.8 billion. EPS reported EUR 6.61 and EPS adjusted EUR 6.89. Proposed dividend EUR 3.20 per share (~50% payout ratio).
Read all positive updates
Company Guidance
Airbus’s 2026 guidance targets around 870 commercial aircraft deliveries, EBIT adjusted of ~€7.5 billion and free cash flow before customer financing of ~€4.5 billion (guidance before M&A, includes currently applicable tariffs and assumes no further macro/supply disruptions). The company reiterated its mid‑/long‑term production targets — A320 family to reach 70–75 aircraft/month by end‑2027 (stabilizing at 75), A220 ramp to ~13/month in 2028, A350 to ~12/month in 2028 and A330 to rate 5 in 2029 — while flagging near‑term constraints from Pratt & Whitney engine supply and the Spirit AeroSystems integration (Spirit: low‑triple‑digit € EBIT headwind and a high‑triple‑digit € free‑cash‑flow drag in 2026). By way of context, FY‑2025 delivered 793 aircraft (286 in Q4), revenues €73.4bn, EBIT adjusted €7.1bn, FCF before customer financing €4.6bn, net income €5.2bn, proposed dividend €3.20/sh, EPS adj €6.89, a group backlog of €619bn (8,754 aircraft) and 1,000 gross orders (889 net); liquidity stood at ~€35bn with net cash €12.2bn and a USD hedge portfolio of $75.8bn (blended $1.22).Airbus Group SE Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 73.42B | 69.23B | 65.45B | 58.76B | 52.15B |
| Gross Profit | 10.97B | 10.68B | 10.04B | 10.17B | 9.63B |
| EBITDA | 8.37B | 9.18B | 7.76B | 8.20B | 7.69B |
| Net Income | 5.22B | 4.23B | 3.79B | 4.25B | 4.21B |
Balance Sheet | |||||
| Total Assets | 134.94B | 129.21B | 118.87B | 115.94B | 107.05B |
| Cash, Cash Equivalents and Short-Term Investments | 17.22B | 19.18B | 18.83B | 18.55B | 16.20B |
| Total Debt | 16.30B | 11.28B | 11.32B | 10.98B | 13.46B |
| Total Liabilities | 108.75B | 109.52B | 101.14B | 102.96B | 97.56B |
| Stockholders Equity | 26.10B | 19.61B | 17.70B | 12.95B | 9.47B |
Cash Flow | |||||
| Free Cash Flow | 4.42B | 3.93B | 3.35B | 3.92B | 2.79B |
| Operating Cash Flow | 8.38B | 7.60B | 6.41B | 6.39B | 4.72B |
| Investing Cash Flow | -4.99B | -6.72B | -4.13B | -3.07B | -2.66B |
| Financing Cash Flow | -3.55B | -2.70B | -1.42B | -2.26B | -2.32B |
Airbus Group SE Technical Analysis
Negative
165.14
Price Trends
181.17
Negative
192.18
Negative
190.91
Negative
Market Momentum
-5.39
Negative
42.33
Neutral
55.81
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 165.14 is below the 20-day moving average (MA) of 167.89, below the 50-day MA of 181.17, and below the 200-day MA of 190.91, indicating a bearish trend. The MACD of -5.39 indicates Negative momentum. The RSI at 42.33 is Neutral, neither overbought nor oversold. The STOCH value of 55.81 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | €119.78B | 17.32 | 51.15% | 0.97% | 14.19% | 161.87% | |
70 Outperform | €26.05B | 21.87 | 12.93% | 1.74% | 29.91% | -2.24% | |
70 Outperform | €54.98B | 28.20 | 22.17% | 1.66% | 11.16% | -50.57% | |
66 Neutral | €130.00B | 30.00 | 21.22% | 1.53% | 7.05% | 54.98% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | €264.62M | -5.96 | -22.05% | ― | 8.61% | -216.67% | |
49 Neutral | €426.90M | -9.57 | -12.90% | ― | 7.63% | 28.06% |
* Industrials Sector Average
FR:AIR
Airbus Group SE
165.14
31.35
23.43%
FR:AM
Dassault Aviation
336.60
73.86
28.11%
FR:LAT
Latecoere
0.02
<0.01
53.85%
FR:SAF
SAFRAN SA
287.30
88.25
44.33%
FR:HO
Thales
267.50
43.24
19.28%
FR:FGA
Figeac Aero SA
9.72
2.88
42.11%
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.