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Bombardier Inc. T.BBD.A

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

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.


TSX:BBD.A - Post by User

Comment by Letsmakemoredolon Oct 16, 2024 9:22pm
154 Views
Post# 36269236

RE:RE:RE:RE:Optimism by Poirier at Desjardins

RE:RE:RE:RE:Optimism by Poirier at DesjardinsBBDB859, I think there has been come confusion and have to make it quick, its almost dinner time here on the west coast lol.

First I don't really know you, I've only been here what 1-2 weeks?  I do like your numbers thou and trust your #s, no issues.  Together we've only used EV/EBITDA, we've never talked about FCF multiples.  Anyway, I have never suggested 18+x EV/EBITDA multiples, I only posted that NYU has an average of 18.49x on 70 companies in the aerospace/defense sectors.  I do not agree with that those for BBD.

The other thing I did was post that I read an analyst report today that based GD/Gulfstream valuation on an FCF multiple of 18.9x and simply plugged that for BBD which gave a valuation of $264.40 CDN.  I believe you have a valuation of around ~$303 CDN recently based on other multiples/calculations.  So why isn't $264 realistic?

Could be some confusion of the double 18x multiples.  Not saying I am right or wrong.  Just adding in any research that I come up with.  I disagree with even the upper analyst # by Desjardins of 8.25x EV/EBITDA at $143, that is too low

Again, as I said today, just trying to find an average thru as many ways as possible to say BBD valuation is over $200.
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