TransDigm Group Inc
TDG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$1,666.00 | Dfvp | Tnqvlcvskh |
TransDigm Earnings: Aviation Rebound Drives Strong Aftermarket Demand; Valuation Up 1% to $1000
TransDigm's first-quarter fiscal 2024 results once again demonstrated how well this wide-moat manufacturer of specialty aircraft parts is faring with the postpandemic rebound in aircraft utilization and manufacturing. We have increased our fair value estimate approximately 1% to $1,000 per share from $990. This represents 28 times our fiscal 2024 earnings estimate and 21 times our estimate of 2024 adjusted EBITDA.