Information Technology Consultant

Ishita Jain

Thematic (Sector/Industry)

<p>Airbus and Boeing, the powerhouses of the aircraft manufacturing industry and the largest duopoly in the world, shared revenues of $407.5 billion in 2014. As the fight for market share trudges along, it is a battle of nerves and steel (or carbon fiber in this matter). The airlines industry today is dynamic and competitive, investing in cost-saving measures rapidly. How are these two manufacturing giants coping up? Let us take a look.</p>

Airbus and Boeing, the powerhouses of the aircraft manufacturing industry and the largest duopoly in the world, shared revenues of $407.5 billion in 2014. As the fight for market share trudges along, it is a battle of nerves and steel (or carbon fiber in this matter). The airlines industry today is dynamic and competitive, investing in cost-saving measures rapidly. How are these two manufacturing giants coping up? Let us take a look.

Flying through turbulent or clear skies: An analysis on Airbus & Boeing

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Safran's financial results for the first half of 2025 reflect a strong operational performance, showcasing notable developments across its sectors.</li><li>The company reported a 13% organic growth in revenue, reaching €14.8 billion, primarily driven by the civil aerospace aftermarket and advancements in defense sectors.</li><li>This growth was supported by key partnerships, increased defense spending in Europe, and strong demand for Safran's engine products, particularly from customers like Ryanair and the Indian Navy.</li></ul>

Safran's financial results for the first half of 2025 reflect a strong operational performance, showcasing notable developments across its sectors.The company reported a 13% organic growth in revenue, reaching €14.8 billion, primarily driven by the civil aerospace aftermarket and advancements in defense sectors.This growth was supported by key partnerships, increased defense spending in Europe, and strong demand for Safran's engine products, particularly from customers like Ryanair and the Indian Navy.

Safran SA: Is The $1.8 Billion Collins Deal The Next Big Game Changer?

Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Providing financial journalism in the Asia-Pacific

Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

<ul><li>Earlier this month, Substack writer <a href="https://x.com/gezzogero" target="_blank" rel="noopener">Gezzogero</a> mentioned <a href="https://www.smartkarma.com/entities/aeroedge-co-ltd" target="_blank" data-smartkarma-citation="entities:40248" rel="noopener">AeroEdge (7409 JP)</a> (7409 JP — US$88 million) on his blog.</li><li>I thought it was a fantastic write-up and wanted to dig into it myself.</li><li>The company is a supplier of aircraft components. It manufactures low-pressure turbine blades for the well-regarded LEAP jet engine, which is used in narrow-body aircraft such as the <a href="https://www.smartkarma.com/entities/airbus-group-se" target="_blank" data-smartkarma-citation="entities:21380" rel="noopener">Airbus (AIR FP)</a> A320neo and <a href="https://www.smartkarma.com/entities/boeing-co" target="_blank" data-smartkarma-citation="entities:11957" rel="noopener">Boeing (BA US)</a> 737 MAX.</li></ul>

Earlier this month, Substack writer Gezzogero mentioned AeroEdge (7409 JP) (7409 JP — US$88 million) on his blog.I thought it was a fantastic write-up and wanted to dig into it myself.The company is a supplier of aircraft components. It manufactures low-pressure turbine blades for the well-regarded LEAP jet engine, which is used in narrow-body aircraft such as the Airbus (AIR FP) A320neo and Boeing (BA US) 737 MAX.

Global Materials | Industrials | Commodities

Rahul Jain

<ul>
<li>Over FY22–FY25, HAL’s revenue grew at a CAGR of ~8%, while PAT rose at ~15% CAGR, with the order book doubling to ₹1.89 lakh Cr, providing LT visibility.</li>
<li>India’s defence indigenization drive, large platform rollouts (LCA Mk1A, LUH, AMCA, engines), positions HAL to address a Rs3–4 lakh Cr opportunity over the next 5–10 years, including exports.</li>
<li>Despite strong earnings growth, zero debt, and long-term JV upside (e.g., Safran engine), HAL trades at a P/E of ~33–38×, below many peers, indicating room for re-rating.</li>
</ul>


Over FY22–FY25, HAL’s revenue grew at a CAGR of ~8%, while PAT rose at ~15% CAGR, with the order book doubling to ₹1.89 lakh Cr, providing LT visibility.
India’s defence indigenization drive, large platform rollouts (LCA Mk1A, LUH, AMCA, engines), positions HAL to address a Rs3–4 lakh Cr opportunity over the next 5–10 years, including exports.
Despite strong earnings growth, zero debt, and long-term JV upside (e.g., Safran engine), HAL trades at a P/E of ~33–38×, below many peers, indicating room for re-rating.


HAL (NSE: HAL) – Strong Visibility, Undervalued Optionality

<ul><li>Safran's financial results show a strong performance in 2024, with record highs in revenue, profit, and cash flows.</li><li>Revenue increased by 18% to €27.3 billion, largely driven by a 25% growth in civil aftermarket activities.</li><li>Operating margin improved by 150 basis points to 15.1%, supported by operational excellence and strong aftermarket demand.</li></ul>

Safran's financial results show a strong performance in 2024, with record highs in revenue, profit, and cash flows.Revenue increased by 18% to €27.3 billion, largely driven by a 25% growth in civil aftermarket activities.Operating margin improved by 150 basis points to 15.1%, supported by operational excellence and strong aftermarket demand.

Safran: Initiation of Coverage- Will the LEAP Engine Ramp-Up Reverse Its Stock Slide?

France

Safran SA is a international tier-1 supplier of systems and equipment in aerospace, defense, and security. The Company sells engines for airplanes, helicopters, launch vehicles and missiles, landing and braking systems, nacelles, onboard electrical systems, optronics, avionics, identity documents, biometric equipment, smartcards, explosives detection, & trace analysis systems.

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Safran SA (SAF FP)

Flying through turbulent or clear skies: An analysis on Airbus & Boeing

Airbus and Boeing, the powerhouses of the aircraft manufacturing industry and the largest duopoly in the world, shared revenues of $407.5 billion...

Ishita Jain

Safran SA: Is The $1.8 Billion Collins Deal The Next Big Game Changer?

Safran's financial results for the first half of 2025 reflect a strong operational performance, showcasing notable developments across its...

Baptista Research

AeroEdge (7409 JP)

AeroEdge (7409 JP) is a Japanese version of Precision Castparts at 12x 2027e P/E; it manufactures low-pressure turbine blades for the well-regarded...

Asian Century Stocks

HAL (NSE: HAL) – Strong Visibility, Undervalued Optionality

HAL's strong revenue and profit growth, coupled with a growing order book and opportunities in India's defense indigenization drive, suggest...

Rahul Jain

Safran: Initiation of Coverage- Will the LEAP Engine Ramp-Up Reverse Its Stock Slide?

Safran's financial results show a strong performance in 2024, with record highs in revenue, profit, and cash flows. Revenue increased by 18% to...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Flying through turbulent or clear skies: An analysis on Airbus & Boeing

Airbus and Boeing, the powerhouses of the aircraft manufacturing industry and the largest duopoly in the world, shared revenues of $407.5 billion...

Ishita Jain

Safran SA: Is The $1.8 Billion Collins Deal The Next Big Game Changer?

Safran's financial results for the first half of 2025 reflect a strong operational performance, showcasing notable developments across its...

Baptista Research

AeroEdge (7409 JP)

AeroEdge (7409 JP) is a Japanese version of Precision Castparts at 12x 2027e P/E; it manufactures low-pressure turbine blades for the well-regarded...

Asian Century Stocks

HAL (NSE: HAL) – Strong Visibility, Undervalued Optionality

​HAL's strong revenue and profit growth, coupled with a growing order book and opportunities in India's defense indigenization drive, suggest...

Rahul Jain

Safran: Initiation of Coverage- Will the LEAP Engine Ramp-Up Reverse Its Stock Slide?

Safran's financial results show a strong performance in 2024, with record highs in revenue, profit, and cash flows. Revenue increased by 18% to...

Baptista Research

HAL's strong revenue and profit growth, coupled with a growing order book and opportunities in India's defense indigenization drive, suggest...