2024-07-02 03:04:12 ET
Summary
- Rolls-Royce Holdings plc has a checkered past, with recent improvements in operating performance and growth prospects in civil aircraft and defense markets.
- The company's valuation is rather high, trading at over 28x net profits, making it less attractive compared to other aerospace and defense companies.
- Investors seeking aerospace exposure may find better value in companies like Lockheed Martin and Airbus, which offer lower valuations and stronger track records.
Article Thesis
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Rolls-Royce: Getting Expensive