Rolls-Royce Holdings PLC
RR.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 169.00 | Rsyyzb | Bbbtbmv |
Rolls-Royce Earnings: Strong Set of Results; Raising Our Fair Value Estimate 24%
Narrow-moat Rolls-Royce delivered another strong set of earnings for 2023, with a record-high group profit margin driven by civil aerospace performance. We are increasing our fair value estimate from GBX 289 to GBX 380 driven by a higher confidence on civil performance delivery.