Tag Archives: ERJ

Embraer (ERJ), mcap=$1.8bn, price $10.49 vs $9.90

Producer of Embraer jets and other aircraft – undervalued on every valuation metric and historical multiples. The core business is set to recover to mid-cycle levels over the next 1-2 years. A strong backlog – the highest level since 2015 – suggests several years of significant growth. Owns 90% of $EVEX – a recent spin-off developing electric vertical takeoff and landing vehicle with deliveries expected in 2026. The current ERJ market cap is 20% below the value of retained EVE ownership.