Safran SA
SAF: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|>M | LOCK|v%< | LOCK|#?n&@cT |
We Increase Our Fair Value for Safran to EUR 286 as a Stronger Aftermarket Mix Drives Higher Margins
Business Strategy and Outlook
Safran is a key player in global commercial and military aerospace propulsion and equipment. CFM, the 50/50 joint venture between Safran and GE Aviation, has about 70% of the narrow-body market, positioning Safran to take advantage of the aerospace industry recovery after the covid-19 setback and the Russia-Ukraine war, which led to commodity price surges and supply chain disruptions.
