Bombardier (TSE:BBD.B)
TSX:BBD.B
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Bombardier
(TSX:BBD.B)
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Rating:65Neutral
Price Target:
C$307.00
▲(14.98% 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
Cash generation
Sustained operating cash flow (~$2.0B TTM) and robust free cash flow (~$1.8B) support self-funding of working capital and aftermarket investments. Durable FCF close to net income (~0.91x) signals earnings quality and provides a stable source to service debt and fund strategic programs over months.
Negative Factors
Negative shareholders' equity
Persistently negative equity is a structural balance-sheet weakness that reduces financial flexibility and investor cushion. It complicates leverage metrics, can limit access to unsecured capital, and increases the company's vulnerability to shocks or downturns, which can impair long-term strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained operating cash flow (~$2.0B TTM) and robust free cash flow (~$1.8B) support self-funding of working capital and aftermarket investments. Durable FCF close to net income (~0.91x) signals earnings quality and provides a stable source to service debt and fund strategic programs over months.
Read all positive factors
Bombardier (BBD.B) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$25.92B
Dividend YieldN/A
Average Volume (3M)340.10K
Price to Earnings (P/E)84.2
Beta (1Y)1.91
Revenue Growth7.74%
EPS Growth247.98%
CountryCA
Employees17,900
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)9.73
Shares Outstanding86,860,680
10 Day Avg. Volume339,465
30 Day Avg. Volume340,100
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$294.25Price Target Upside10.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)7.92
Revenue Forecast (FY)C$10.11B
Bombardier Business Overview & Revenue Model
Company Description
Bombardier Inc. engages in the manufacture and sale of business aircraft in Europe, North America, the Asia Pacific, and internationally. It provides new aircraft, specialized aircraft solutions, and pre-owned aircraft. The company also offers aft...
How the Company Makes Money
Bombardier primarily makes money by selling new business jets and by providing higher-margin aftermarket services over the life of those aircraft. Its main revenue stream is Aircraft sales: it markets, produces, and delivers business jets to corpo...
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
254.55
Positive
246.80
Positive
212.48
Positive
Market Momentum
4.47
Negative
55.83
Neutral
60.07
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 above the 20-day moving average (MA) of 251.09, above the 50-day MA of 254.55, and above the 200-day MA of 212.48, indicating a bullish trend. The MACD of 4.47 indicates Negative momentum. The RSI at 55.83 is Neutral, neither overbought nor oversold. The STOCH value of 60.07 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | C$7.23B | 38.21 | 7.24% | ― | 42.91% | 2.84% | |
70 Outperform | C$1.53B | 18.22 | 4.83% | 0.93% | 10.42% | 12.81% | |
65 Neutral | C$25.92B | 84.19 | -75.01% | ― | 7.74% | 247.98% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | C$11.28B | 30.69 | 7.50% | ― | 6.67% | ― |
* Industrials Sector Average
TSE:BBD.B
Bombardier
261.75
169.75
184.51%
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Bombardier Corporate Events
Business Operations and StrategyFinancial Disclosures
Bombardier Completes Turnaround as 2025 Results Beat Targets and Backlog Surges
Positive
Feb 12, 2026
Bombardier reported 2025 revenue of $9.55 billion, up 10% year-over-year, fueled by record services revenue, stronger defense performance, and 157 aircraft deliveries, while adjusted EBITDA rose 15% and net income surged, underscoring improved pro...
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.