Safran SA
SAF: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€931.00 | Wjvx | Ymvmyrcxp |
Safran: Acquisition of Collins Potentially Strengthens Safran's Moat at a Fair Price
Safran announced the acquisition of Collins' actuation and flight control systems business for $1.8 billion in an all-cash deal, expected to be completed in 2024. We believe the strategic fit of the acquisition is strong and moat-accretive, and the valuation appears fair in our view. Our EUR 160 fair value estimate and wide moat rating are unchanged.