Core Viewpoint - Post-pandemic aircraft demand exceeds supply due to traffic growth and fleet retirement, while supply chain issues persist, particularly with Boeing and Airbus, providing pricing power that is expected to boost earnings through 2026 [2][12]. Industry Overview - The aircraft industry is experiencing a demand surge, with civil aircraft demand projected to grow over 7% long-term [6]. - The supply chain challenges include engine recalls at Pratt Whitney and production delays at Rolls-Royce and GE Aerospace, which are contributing to pricing power in the sector [2]. Company Performance - Rolls-Royce has significantly underperformed its peers over the last decade, with a share price drop of nearly 90% during the pandemic before recent restructuring efforts [3][12]. - The company has three main business segments: Civil Aerospace (50% of revenue), Defense (25%), and Power Systems (25%) [5]. Revenue and Growth Projections - Rolls-Royce's revenue is expected to increase from GBP 15.4 billion in 2023 to GBP 19.4 billion by 2026, with an EBIT margin projected to rise from 10% in 2023 to 13%-15% in the medium term [10][12]. - The defense segment is anticipated to benefit from increased NATO spending due to geopolitical tensions [9]. Valuation and Market Position - The stock has surpassed the consensus price target of GBP 4.6, with a potential price target of GBP 5.8, indicating a 19% upside based on conservative estimates [12][17]. - Rolls-Royce's valuation metrics suggest it is not expensive relative to growth or peers, with a projected P/E (cash) of 17x [12][14]. Competitive Landscape - Rolls-Royce holds an 18% share in the civil aerospace market, while GE dominates with a 35% share [6]. - The company is focused on the wide-body and executive jet markets, which are critical for its growth strategy [7]. Conclusion - The company is rated a Buy due to strong demand across its segments and potential for earnings upgrades following interim results [17].

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Core Thesis - Rolls-Royce Holdings (RYCEY) has successfully reversed its fortunes, particularly in its Civil Aerospace, Defense, and Power Systems segments, leading to a compelling investment thesis [1][4]. Revenue Performance - RYCEY reported total revenues of £15.4 billion in FY2023, reflecting a 21% year-over-year increase, with a significant operating profit of £1.59 billion, up 143% year-over-year [3][15]. - The Civil Aerospace segment was the primary driver, generating £7.34 billion (+29% YoY) in revenue and £850 million (+497% YoY) in operating profit [4][15]. Financial Recovery - The company faced challenges during the COVID-19 pandemic, leading to cash flow issues and a significant increase in shares outstanding from 1.9 billion in FY2019 to 8.4 billion in FY2023 due to capital raises [5][7]. - RYCEY's stock price has rebounded by 607.8% since the October 2022 low, outperforming the broader market [14][9]. Future Projections - The company anticipates operating profits of £1.85 billion (+16.3% YoY) and Free Cash Flow of £1.8 billion (+40.6% YoY) for FY2024, indicating a strong turnaround [17]. - Consensus estimates project a revenue CAGR of 8.3% and EBIT CAGR of 16.3% through FY2026, reflecting improved growth expectations compared to previous estimates [19][20]. Balance Sheet Health - RYCEY's cash and equivalents increased to £3.78 billion (+45.3% YoY), while debts decreased slightly to £4.04 billion (-1.4% YoY), resulting in a healthier balance sheet with net debts of -£0.26 billion [16]. - The company is expected to potentially reinstate dividends or buy back shares once it achieves an investment-grade credit rating, projected by Fitch Ratings for 2025 [25]. Valuation Metrics - RYCEY is currently trading at a forward P/E of 27.64x, which is higher than its 1-year mean but offers a reasonable margin of safety compared to peers [23][24]. - The stock is estimated to have a long-term price target of $7.50, indicating a potential upside of 39.4% based on consensus FY2026 EPS estimates [24].

The Rolls-Royce (LON: RR) share price has done well this year, becoming one of the best performers in the FTSE 100 index. It has jumped by more than 35%, giving it a market cap of over £36 billion.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Antofagasta stock is surging Copy link to section However, after weeks being the best-performing company in the FTSE 100 index this year, another giant has just overtaken it. Antofagasta, one of the biggest min ...

Michael Derrer Fuchs The British civil aero-engine manufacturer Rolls Royce (OTCPK:RYCEY) has had a nice first quarter of 2024 at the stock markets. Year to date [YTD], its price is up by 40% after it already saw an eye popping 3.5x rise in 2023. But even now, a quick look at the stock’s forward non-GAAP price-to-earnings (P/E) ratio at 24.2x indicates that it's still trading much lower than its five-year average of 43.5x. This alone indicates that further upside to it. This upside is also supported by ...

Rolls-Royce (LON: RR) share price had another strong performance in the first quarter of 2024. The stock surged by almost 40% during the quarter as it jumped to its highest level since January 2014. It outperformed the FTSE 100,  FTSE 250 indices and other industrial companies during the quarter.Analysts are bullish on Rolls Royce Copy link to section Notably, Rolls-Royce stock has jumped in the past five straight months, a record winning streak. This performance accelerated after the company published stro ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Rolls-Royce Holdings PLC (LSE:RR.) plans to add 200 jobs in its submarine division as preparations get underway to fill new orders for a partnership between the UK, US and Australia. New roles will centre around the likes of engineering and cyber security and be based in Cardiff and Glasgow, according to Rolls-Royce, adding to the division’s 4,000-strong workforce. Rolls-Royce builds power units for the UK’s nuclear submarines, with the expansion coming as it looks to fill new orders on the back of the AUKU ...

A Rolls-Royce jet engine and logo on display at a company production facility in Europe. (Photo: ... [+] Omer Messinger/Getty Images)Getty ImagesFollowing on from a remarkable 2023 with share price gains of over 200% on an annualized basis, Rolls-Royce (LON: RR) appears to be carrying over the momentum into the new year.The engineering, energy and aerospace giant recently declared more than doubling of its profits for 2023. Last year's top riser on the U.K.'s FTSE 100, as well as the Stoxx 600, a pan-Europe ...