CAE Inc (CAE) Stock Price & How to Invest

CAE builds full-flight simulators and sells the training that runs on them. The Civil Aviation segment manufactures simulators for Airbus, Boeing, Embraer and business-jet platforms, then operates a network of training centres where airline and corporate pilots buy recurrent type-rating hours, alongside flight-operations software from the Flightscape and CAE Rise product lines. The Defence and Security segment trains military aircrew and supplies mission-rehearsal and support programs, including the Royal Canadian Air Force Future Aircrew Training contract held through SkyAlyne, CAE's joint venture with KF Aerospace. The Healthcare simulation business was divested in 2024, leaving two segments and one theme: someone has to be certified before they fly, and regulators require that certification to be repeated on a schedule.

The investment picture in October 2026 is a defence business carrying a civil business through a reset. Fiscal 2026, ended March 31, 2026, produced revenue of about C$4.9 billion with diluted EPS of about C$0.97 and adjusted EPS of about C$1.20, and the two halves diverged: fourth-quarter Defence revenue of about C$580 million grew about 6% while Civil adjusted segment operating income fell to about C$152.4 million on weaker training-centre utilization and disruption to Middle East operations. Civil's full-year book-to-sales came in at about 0.96, below parity, which drains near-term simulator production revenue. The first quarter of fiscal 2027 (ended June 30, 2026) brought revenue of about C$1.17 billion, up about 6.8% year over year, and adjusted EPS of C$0.26 against a C$0.23 consensus, though reported net income fell to about C$31 million. CEO Matthew Bromberg has answered the Civil weakness with a transformation plan targeting about C$125 million to C$150 million of annual run-rate savings by fiscal 2030 and about C$950 million to C$1 billion of adjusted segment operating income in that year. Since then Defence has kept adding work, including a US$300 million recompete to continue US Air Force C-130 aircrew training and a drone-training alliance in Poland, both announced in September 2026. The shares are down about 22% year to date and 13% over the past year and sit near the bottom of their 52-week range, yet at roughly 37 times trailing earnings they still assume the plan works.

Civil order intake at a book-to-sales of about 0.96 for fiscal 2026 means CAE entered fiscal 2027 with less simulator work sold than it delivered, and management itself framed fiscal 2027 as a reset year. Training-centre utilization is exposed to regional disruption, which is exactly what cut Civil segment operating income to about C$152.4 million in the fourth quarter of fiscal 2026. CAE's recent history includes large charges on legacy Defence contracts, so fixed-price military programs are a demonstrated source of surprise rather than a theoretical one; a shareholder class action covering August 2022 to May 2024 is being settled for C$38.25 million, of which CAE pays up to C$5 million with insurers covering the rest. Earnings are thin relative to the price: trailing net income of about C$287 million is a 5.75% net margin and fell about 46% year over year in the latest quarter, so at roughly 37 times trailing earnings the valuation leaves little tolerance for the cost plan slipping past fiscal 2030. Debt of about C$3.2 billion sits against about C$569 million of cash. US holders also absorb CAD/USD moves, because reporting, most costs and the TSX listing are in Canadian dollars while the US line trades in US dollars, and the dividend suspended in 2020 has not returned, so nothing in the position pays while the reset runs.

3 analysts publish price targets on CAE, averaging $33.09 against a $26.59 price as of November 2026, or +24.4%. The published targets run from $26.82 to $38.70, a moderate spread, and the ratings split 11 buy, 3 hold, 1 sell. Over the last six months there has been 1 raise and 2 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full CAE forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on CAE Inc. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. A defence backlog that is now the larger half. Defence adjusted backlog stood at about C$10.8 billion at the end of fiscal 2026, ahead of Civil's roughly C$8.4 billion, and Defence revenue grew through the year while Civil stalled. The most optimistic published target, $38.70, assumes this works close to its best case.

The case against. Civil order intake at a book-to-sales of about 0.96 for fiscal 2026 means CAE entered fiscal 2027 with less simulator work sold than it delivered, and management itself framed fiscal 2027 as a reset year. The most pessimistic target, $26.82, is roughly what CAE is worth if this bites instead.

Read the full bull and bear case on CAE, including what would have to change to break either one. Walnut is not an investment adviser.

No. CAE Inc (CAE) has not split its stock in the last 10 years. The statement covers only the window we check, so an older split in the company’s history is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see CAE Inc's investor relations page or your broker.

• Revenue (TTM to June 30, 2026): ~C$4.99 billion; Q1 FY2027 revenue ~C$1.17 billion, up ~6.8%
• Net income (TTM): ~C$287 million; Q1 FY2027 adjusted EPS C$0.26 vs C$0.23 expected
• Margins (TTM): ~29% gross, ~10% operating, ~5.75% net
• Adjusted backlog: ~C$19 billion at FY2026 year-end (~C$10.8B Defence, ~C$8.4B Civil)
• Market capitalization: ~US$7.7 billion (shares ~US$23.99)
• Trailing / forward P/E: ~37x / ~23x
• Cash and debt: ~C$569 million cash against ~C$3.2 billion debt

CAE's fiscal year ends March 31, so the June 2026 quarter was the first of fiscal 2027. Trailing earnings are depressed by the fiscal 2026 Civil slowdown, which is why the trailing multiple near 37 times sits well above the forward figure near 23 times. Second-quarter fiscal 2027 results are expected around November 10, 2026, with consensus at about C$0.27 EPS on C$1.25 billion of revenue.

Other names that sit close to CAE: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. They are useful if you want to spread one thesis across several tickers.

There are three common ways to get CAE exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so CAE sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where CAE fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

CAE is a training duopolist with a roughly C$19 billion order book, priced in October 2026 at about 37 times trailing and 23 times forward earnings while management calls fiscal 2027 a reset year, which puts the whole case on the transformation plan landing.

Whether CAE is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CAE a buy or a sell?, and where the stock could go from here in the CAE stock forecast.

For income investors, whether CAE pays a dividend and how the payout looks is covered in does CAE pay a dividend? And to weigh CAE against a peer, read the full side-by-side comparisons: CAE vs BRK-B and CAE vs TRU.