MTU Aero Engines AG MTX

Morningstar Rating
€284.20 +1.60 (0.57%)
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Company Report

MTU Aero Engines' 2023 Adjusted Results in Line With Our Expectations

MTU Aero Engines, a leading engine component supplier and independent maintenance, repair, and overhaul provider, is well positioned to benefit from the narrow-body aircraft industry's long-term growth outlook. Despite covid-19's impact on short- to medium-term demand, air travel has been resilient with a consistent recovery driven by leisure travel, demand for narrow-body aircraft, and China's reopening.

Price vs Fair Value

MTX is trading within a range we consider fairly valued.
Price
€282.60
Fair Value
€443.00
Uncertainty
Medium
1-Star Price
€223.49
5-Star Price
€597.80
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

There is potential to increase share on the GTF program to about 20%-22% as a result of a long-standing partnership with Pratt & Whitney.

Bears

Further technical issues from in-service GTF engines could hit the margins and production ramp-up.

News

Trading Information

Previous Close Price
€282.60
Day Range
€282.10285.20
52-Week Range
€162.10286.50
Bid/Ask
€284.10 / €284.30
Market Cap
€15.28 Bil
Volume/Avg
21,557 / 103,638

Key Statistics

Price/Earnings (Normalized)
28.41
Price/Sales
2.75
Dividend Yield (Trailing)
0.71%
Dividend Yield (Forward)
0.71%
Total Yield
0.71%

Company Profile

MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. MTU is also a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU’s MRO services.
Sector
Industrials
Industry
Aerospace & Defense
Stock Style Box
Large Growth
Total Number of Employees
12,366

Competitors

Valuation

Metric
MTX
GE
RTX
Price/Earnings (Normalized)
28.4148.1823.45
Price/Book Value
4.9910.872.80
Price/Sales
2.753.742.35
Price/Cash Flow
16.3335.6528.96
Price/Earnings
MTX
GE
RTX

Financial Strength

Metric
MTX
GE
RTX
Quick Ratio
0.850.810.60
Current Ratio
1.181.140.99
Interest Coverage
−1.775.502.40
Quick Ratio
MTX
GE
RTX

Profitability

Metric
MTX
GE
RTX
Return on Assets (Normalized)
6.27%2.95%4.49%
Return on Equity (Normalized)
20.96%16.76%11.30%
Return on Invested Capital (Normalized)
14.77%9.68%8.26%
Return on Assets
MTX
GE
RTX

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