Rolls-Royce Holdings PLC

RR.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 464.00	Kybyxsz	Xpgsllymk

Rolls-Royce Earnings: Strong Set of Results; Raising Our Fair Value Estimate 24%

Loredana Muharremi

Feb 22, 2024

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.

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