Safran SA
SAF: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€688.00 | Mjk | Lwvtqkwcsq |
No Change to Safran's Fair Value Estimate as We Model Supply Chain Constraints
Business Strategy and Outlook
As a leading Tier 1 supplier with high narrow-body aircraft exposure, Safran is well-positioned to benefit from the long-term growth outlook of the aerospace industry. The travel restrictions and economic impact of the coronavirus is a damper on demand for air travel over the medium term, but we believe once growth returns the industry should outperform global GDP growth underpinned by the global wealth effect, especially in Asian markets.