Post by
Tempo1 on Jan 29, 2024 9:03am
RBC: BBD remains our top idea
Q4 Airlines & Aerospace Preview
Our view:
We keep our estimates unchanged with the exception of AC, ..........................We like the set-up for BBD into 2024; which based on our estimates means that the 2025 (multi-year) guide is also looking increasingly conservative with risk to the upside, in our view.
BBD.B
Q4 estimates unchanged; price target remains at $98; reaffirm Outperform rating.
We are maintaining our Q4/23 EBITDA estimate of $411MM, slightly below consensus of $419MM. Our estimate reflects a seasonally high 57 total deliveries built throughout the year, generating a strong FCF print of $621MM. Our out-year estimates remain above consensus, and we expect BBD to provide solid 2024 guidance, with upside risk to 2025 guidance on solid execution to date, growth in services, and a supportive business jet market. Key focus into the quarter will be on demand, book-to-bill and services growth. Our price remains at $98, and our target multiple is unchanged at 6.5x.
BBD remains our top idea and trades at a 50% discount to peers
Comment by
bbdmic on Jan 29, 2024 9:48am
I am BBD fan no doubt but all those specialists are they telling us jokes? are they filling ashamed? ... I asking me the question? WHERE IS THE BEEF!... GLTALongs!!
Comment by
Tempo1 on Jan 29, 2024 10:00am
Many comments like your has been made in the summer of 2022. Just a reminder: The price fell from 50$ to hit a low of 20$. At the time, the analysts stand by their forecasts, lowering a bit the multiples but maintain a bright future. Some on this board laugh at them. The price hit 74$ 8 months after in march 2023. You are emotive and they are not.
Comment by
johnney on Jan 29, 2024 12:20pm
Why I don't sell, I'm in the hole for now! But if I was to be even, long time I would if left this bist more than 5 years, if I could of! GLTA! Looks like I will have to wait till end of year!
Comment by
Tempo1 on Jan 29, 2024 10:06am
The bigger mistake to be made is looking at their targets. But targets is the less important part of their work. Look at the information they give from the bizz jet market, their results analysis, their operational forecasts etc and make your own opinion. They are not responsible for the market sentiment.
Comment by
Shamhorish on Jan 29, 2024 11:33am
LOL, yes, game of snakes and ladders , i hated that game, as much as i hate what shorters are doing with bbd.b (10 snakes for 1 ladder) hope we will escape from their control for a while
Comment by
vonSachsenanhal on Jan 29, 2024 12:41pm
Check Bombardier's own website. Earnings are Feb 8.
Comment by
Julyb60 on Jan 29, 2024 12:44pm
Thanks Von. I was checking on the News section.
Comment by
balmusette on Jan 29, 2024 12:52pm
Hello July, I got the information from TD Web Broker in the ''research'' section, in the ''event date '' column. They expect BBD to release Q4 results on the 02/07/24. As for pre-release of financial results ; there is nothing on TD's site.
Comment by
Julyb60 on Jan 29, 2024 12:59pm
Hello Balmusette, Thanks for the Info. As per Von's post, it also shows on the Investors section on the BBD investors section (link below). I missed it because I was looking at the News section. https://bombardier.com/en/investors
Comment by
balmusette on Jan 29, 2024 1:10pm
Thanks for the link and update July.
Comment by
PabloLafortune on Jan 30, 2024 12:23pm
Bombardier trades at a discount to peers mostly because it has too much debt*. Boeing is considered to have a lot of debt and Bombardier possibly has 50% more relative to revenue. So until that changes... *also, for investors who look at a company's balance sheet...., the negative $2B+ of equity doesn't exactly inspire confidence.
Comment by
Snowey on Jan 30, 2024 1:20pm
Thanks Pablo, for your quality posts. I continue learning from you. I checked EQUITY looking back. Negative - not good but improving. 2020 = (9.325B) 2021 = (3.089B) 2022 = (2.762B) 2023 = we await results – Feb 8. Best to all longs. Snowey.
Comment by
stock4life48 on Jan 30, 2024 2:23pm
Q3/2023 = (2.470B) I am thinking we might see (2.2B) on Q4 ER, but maybe I am hoping too much. we'll see I guess
Comment by
johnney on Jan 30, 2024 3:08pm
Quarter 4, important, but what it will be for 2024, cause 2023, belongs to the past !!
Comment by
johnney on Jan 30, 2024 1:47pm
There, you got it, until that changes! Won't happen in a few months either!
Comment by
johnney on Jan 30, 2024 3:26pm
Not to much positive, what they have to deal with! I respect this again. Last year the TSX was up more than 23%, and this stock was down 8% + they are now in the TSX 30, not long time ago! Doing exactly the opposite of what it should do, not to Bash, but isn't it what it is!!!
Comment by
johnney on Jan 30, 2024 3:28pm
The markets Future doesn't react as it should be!!
Comment by
Shamhorish on Jan 31, 2024 4:18pm
i agree with what you said "If Bombardier deliver positive results quarter after quarter, these fears will progressively disappears"
Comment by
BBDB859 on Jan 31, 2024 6:32pm
Your assumption is not theoretical Pablo. It's real or factual. Having lower Debt would change the playing field drastically on the SP.
Comment by
johnney on Jan 31, 2024 7:35pm
I agree 100% with your post, yes 100%!!