Spirit AeroSystems (NYSE:SPR)' valuation continues to be influenced by the terms of the Boeing acquisition, according to the analyst. The terminal enterprise value to EBITDA (EV/EBITDA) multiple is maintained at 10 times. InvestingPro analysis suggests the stock is currently overvalued, with additional key metrics and insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.
The analyst's stance and target price reflect expectations that the deal terms with Boeing will remain a key factor in determining Spirit AeroSystems' market value.
Spirit AeroSystems' valuation continues to be influenced by the terms of the Boeing acquisition, according to the analyst. The terminal enterprise value to EBITDA (EV/EBITDA) multiple is maintained at 10 times. InvestingPro analysis suggests the stock is currently overvalued, with additional key metrics and insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.
The analyst's stance and target price reflect expectations that the deal terms with Boeing will remain a key factor in determining Spirit AeroSystems' market value.
Spirit AeroSystems' valuation continues to be influenced by the terms of the Boeing acquisition, according to the analyst. The terminal enterprise value to EBITDA (EV/EBITDA) multiple is maintained at 10 times.
InvestingPro analysis suggests the stock is currently overvalued, with additional key metrics and insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks. The analyst's stance and target price reflect expectations that the deal terms with Boeing will remain a key factor in determining Spirit AeroSystems' market value.
In other recent news, Spirit AeroSystems has secured a non-interest-bearing line of credit totaling $107 million from Airbus. The financial arrangement will be used as advance payments for various Airbus programs and to ensure the continued delivery of products. The agreement stipulates that the amounts drawn from the credit line, along with the related repayment obligations, will be assumed by Airbus or one of its affiliates upon the completion of the transactions outlined between the two companies.
Spirit AeroSystems has also announced significant changes to executive compensation, tied to its impending merger with The Boeing Company (NYSE:BA). Certain time-based restricted stock units (RSUs) scheduled for vesting in 2025 will now vest in December 2024 for select executives, including President and CEO Patrick M. Shanahan. This move is intended to offset potential duplication of payments upon completion of the merger.
Additionally, Spirit AeroSystems recently reported third-quarter revenue of $1.47 billion and a net loss of $4.07 per share. The company has also announced a temporary furlough affecting approximately 700 employees.
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