Bombardier Inc. (BBD-A.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-41.0%

CA$193.04

vs CA$327.01 price

Levered DCF

CA$233.87

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.65

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	18.71×	19.69×	8.36×	-23.23×	-10.47×	-1.86×	-2.02×	14.58×
P/B	-18.91×	-3.36×	-1.59×	-1.31×	-1.05×	-0.1×	-0.47×	-0.67×
P/S	1.76×	0.77×	0.47×	0.53×	0.53×	0.14×	0.47×	0.23×
EV / EBITDA	11.34×	9.55×	6.23×	12.93×	13.13×	40.25×	15.26×	8.68×
Gross margin	20.0%	20.6%	20.3%	18.2%	15.2%	8.0%	13.9%	14.0%
Operating margin	11.6%	10.5%	9.8%	6.8%	3.1%	-4.3%	3.6%	5.2%
Net margin	9.7%	4.3%	5.5%	-2.1%	82.8%	-13.4%	-24.0%	1.4%
Current ratio	1.11×	1.1×	1×	1.03×	1.15×	0.99×	0.88×	1×
Debt / equity	-5.8×	-3×	-2.52×	-2.33×	-2.37×	-1.11×	-1.28×	-1.64×
Interest coverage	2.48×	2.02×	1.61×	0.92×	0.31×	-0.33×	0.35×	1.7×
Dividend yield	0.1%	0.3%	0.6%	0.5%	0.6%	2.2%	0.6%	0.5%
Payout ratio	2.3%	5.7%	5.0%	-13.1%	0.4%	-2.3%	-1.1%	8.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-104.4%	-18.6%	-18.6%	5.3%	-164.7%	9.3%	24.1%	-4.2%
Return on invested capital	14.2%	12.7%	12.1%	3.5%	1.6%	-3.4%	2.9%	5.4%
Return on assets	6.8%	2.9%	3.6%	-1.2%	39.9%	-3.8%	-7.4%	0.9%
Free cash flow yield	6.5%	3.3%	6.9%	19.1%	-16.2%	-368.9%	-34.7%	-14.5%
Earnings yield	5.5%	5.5%	11.7%	-4.1%	157.6%	-95.7%	-50.8%	6.2%
Enterprise value	CA$19.8B	CA$11B	CA$8.2B	CA$8.8B	CA$8.8B	CA$9.4B	CA$10.6B	CA$9.7B
Net debt / EBITDA	1.71×	3.74×	3.36×	7.59×	8.35×	36.37×	10.16×	5.34×
Cash conversion cycle (days)	152	159	140	166	185	173	279	118