Bombardier Inc. T.BBD.A

Alternate Symbol(s): T.BBD.PR.D | BOMBF | BDRPF | BDRXF | BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B | T.BBD.PR.C

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

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Bombardier Inc.

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Post by naissance17on Apr 28, 2023 10:45am

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Post# 35419114

Desjardins target $100. even $192. in 2025

Valuation

Increasing our target to C$100 (from C$99) as we tweak our estimates. Our target is based on an EV/EBITDA multiple of 8x on our 2024 EBITDA forecast of US$1,335m. We use an exchange rate of C$1.37/US$1.

Recommendation

Reiterating our bullish stance. We remain confident in management’s ability to meet (and potentially surpass) its 2025 targets. We believe the stock could be worth C$192 in 2025 using a 10x EV/EBITDA multiple if management delivers on its objectives