Bombardier (TSE:BBD.B)
OTHER OTC:BBD.B
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Bombardier
(OTC:BBD.B)
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Rating:65Neutral
Price Target:
C$345.00
▲(29.21% Upside)
Action:Reiterated
Date:05/02/26
The score is driven by improving financial performance and strong recent cash generation, tempered materially by balance-sheet fragility from negative equity and leverage. Technicals are supportive with a clear uptrend, while a high P/E and lack of dividend yield weigh on valuation.
Positive Factors
Improved cash generation
Sustained free cash flow near $1.8B and operating cash flow around $2.0B provide durable internal funding for parts, service capacity and capex. High FCF quality (0.91x net income) supports reinvestment, working capital and gradual deleveraging over months.
Negative Factors
Negative shareholders' equity
Persistently negative equity signals prior losses or accounting capital deficits and materially reduces the firm’s capital buffer. This erodes financial flexibility, complicates covenant negotiations and limits strategic optionality during adverse periods over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Sustained free cash flow near $1.8B and operating cash flow around $2.0B provide durable internal funding for parts, service capacity and capex. High FCF quality (0.91x net income) supports reinvestment, working capital and gradual deleveraging over months.
Read all positive factors
Bombardier (BBD.B) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.87B
Dividend YieldN/A
Average Volume (3M)402.65K
Price to Earnings (P/E)23.0
Beta (1Y)2.00
Revenue Growth7.74%
EPS Growth247.98%
CountryCA
Employees17,900
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)9.73
Shares Outstanding86,557,526
10 Day Avg. Volume447,656
30 Day Avg. Volume402,652
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)-18.91
Price to Sales (P/S)1.76
P/FCF Ratio15.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$314.43Price Target Upside17.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)8.93
Revenue Forecast (FY)C$10.10B
Bombardier Business Overview & Revenue Model
Company Description
Bombardier Inc. is a global aerospace company primarily involved in the design, production, and distribution of business jets. Its operational reach extends across Europe, North America, the Asia Pacific region, and other international territories...
How the Company Makes Money
Bombardier primarily makes money through two major sources: (1) selling business aircraft and (2) providing higher-frequency aftermarket services over the life of those aircraft. Aircraft revenue is generated when Bombardier delivers newly manufac...
Bombardier Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The earnings call revealed strong achievements in securing significant aircraft orders, growth in services revenue, and improvements in the financial strategy through debt refinancing and credit rating upgrades. However, these positives were somewhat offset by the year-over-year revenue decline, ongoing supply chain challenges, and negative free cash flow. Overall, the positive aspects seem to outweigh the negative ones, but the challenges still present notable concerns.Positive Updates
Significant Aircraft Order
Bombardier secured a firm order for 50 aircraft in one transaction, which significantly contributed to the backlog jump and resulted in a unit book-to-bill ratio of 2.3.
Negative Updates
Year-over-Year Revenue Decline
Total revenues reached $2 billion, representing an 8% decline year-over-year due to delivering 3 fewer aircraft compared to last year.
Read all updates
Q2-2025 Updates
Positive
Negative
Significant Aircraft Order
Bombardier secured a firm order for 50 aircraft in one transaction, which significantly contributed to the backlog jump and resulted in a unit book-to-bill ratio of 2.3.
Read all positive updates
Company Guidance
In the second quarter of 2025, Bombardier reported strong financial performance, with revenues reaching $2 billion, featuring a notable 16% year-over-year increase in service revenues to $590 million. The company achieved a unit book-to-bill ratio of 2.3, thanks in part to a significant order for 50 aircraft, contributing to a backlog of $16.1 billion. Bombardier delivered 36 aircraft in the quarter, maintaining the same level as the previous year, and plans to deliver over 91 aircraft in the second half of the year. Adjusted EBITDA stood at $297 million, with an EBITDA margin of 14.6%. The company successfully refinanced $500 million of senior notes, reducing its average long-term debt coupon by 11 basis points, and received credit rating upgrades from S&P Global Ratings and Moody's. Bombardier anticipates generating more than $1 billion in EBITDA in the second half of the year, supported by a favorable delivery mix and strong demand for its aircraft, including the upcoming first delivery of the Global 8000.Bombardier Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
34
Negative
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.60B | 9.55B | 8.66B | 8.05B | 6.91B | 6.08B |
| Gross Profit | 1.88B | 1.91B | 1.78B | 1.63B | 1.26B | 924.00M |
| EBITDA | 1.70B | 1.75B | 1.07B | 933.00M | 608.00M | 336.00M |
| Net Income | 936.13M | 928.00M | 370.00M | 445.00M | -148.00M | 5.04B |
Balance Sheet | ||||||
| Total Assets | 13.75B | 13.56B | 12.66B | 12.37B | 12.44B | 12.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.67B | 2.25B | 1.65B | 1.58B | 1.30B | 1.66B |
| Total Debt | 4.84B | 5.15B | 5.96B | 6.01B | 6.49B | 7.25B |
| Total Liabilities | 14.67B | 14.45B | 14.65B | 14.76B | 15.23B | 15.70B |
| Stockholders Equity | -916.65M | -889.00M | -1.99B | -2.39B | -2.79B | -3.06B |
Cash Flow | ||||||
| Free Cash Flow | 1.82B | 1.09B | 220.86M | 261.17M | 695.66M | -517.17M |
| Operating Cash Flow | 1.99B | 1.25B | 385.55M | 633.10M | 1.04B | -284.15M |
| Investing Cash Flow | -219.04M | -192.31M | -137.09M | 119.91M | -315.33M | 2.46B |
| Financing Cash Flow | -941.74M | -520.96M | -193.25M | -445.10M | -1.10B | -2.92B |
Bombardier Technical Analysis
Positive
267.00
Price Trends
272.46
Positive
263.55
Positive
232.81
Positive
Market Momentum
13.40
Negative
57.16
Neutral
66.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BBD.B, the sentiment is Positive. The current price of 267 is below the 20-day moving average (MA) of 292.77, below the 50-day MA of 272.46, and above the 200-day MA of 232.81, indicating a bullish trend. The MACD of 13.40 indicates Negative momentum. The RSI at 57.16 is Neutral, neither overbought nor oversold. The STOCH value of 66.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BBD.B.
Bombardier Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$7.49B | 65.90 | 7.24% | ― | 42.91% | 2.84% | |
66 Neutral | C$1.94B | 43.07 | 5.48% | 0.93% | 10.42% | 12.81% | |
65 Neutral | C$29.87B | 22.97 | -75.01% | ― | 7.74% | 247.98% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | C$11.26B | 35.96 | 6.12% | ― | 4.38% | -23.21% |
* Industrials Sector Average
TSE:BBD.B
Bombardier
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196.48
185.32%
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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.