(MTX) MTU Aero Engines - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: XETRA (Germany) | Market Cap: 14.809m EUR | Total Return: -12.8% in 12m
Avg Turnover: 59.5M
EPS Trend: 97.4%
Qual. Beats: 0
Rev. Trend: 82.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
MTU Aero Engines AG is a German aerospace manufacturer specializing in the design, production, and service of commercial and military propulsion systems. The company operates through two primary segments: Original Equipment Manufacturing (OEM) and Maintenance, Repair, and Overhaul (MRO). Its product portfolio spans engines for wide-body and narrow-body aircraft, regional jets, helicopters, and industrial gas turbines.
The aerospace sector relies heavily on the aftermarket model, where long-term maintenance contracts often provide more stable revenue streams than initial engine sales. MTU’s business is integrated across the entire engine lifecycle, from initial development through proprietary spare parts manufacturing and global repair services. For a deeper look at the company’s fundamental health, ValueRay provides detailed financial metrics. This dual-segment approach allows the company to balance the high capital requirements of new engine programs with the recurring cash flows generated by its extensive MRO network.
- Pratt & Whitney GTF engine durability issues drive significant inspection and repair costs
- Commercial aftermarket demand fuels high-margin maintenance and spare parts revenue growth
- Global defense spending increases bolster military engine production and service backlogs
- Narrowbody aircraft delivery volumes dictate long-term original equipment manufacturing profitability
- Foreign exchange volatility between Euro and US Dollar impacts reported earnings stability
| Net Income: 1.65b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.19 > 1.0 |
| NWC/Revenue: 15.65% < 20% (prev 16.25%; Δ -0.60% < -1%) |
| CFO/TA 0.06 > 3% & CFO 848.0m > Net Income 1.65b |
| Net Debt (1.50b) to EBITDA (2.05b): 0.73 < 3 |
| Current Ratio: 1.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.1m) vs 12m ago 0.08% < -2% |
| Gross Margin: 19.02% > 18% (prev 0.08%; Δ 1.89k% > 0.5%) |
| Asset Turnover: 118.8% > 50% (prev 77.95%; Δ 40.87% > 0%) |
| Interest Coverage Ratio: 9.98 > 6 (EBITDA TTM 2.05b / Interest Expense TTM 164.0m) |
| A: 0.18 (Total Current Assets 7.58b - Total Current Liabilities 5.25b) / Total Assets 13.2b |
| B: 0.29 (Retained Earnings 3.83b / Total Assets 13.2b) |
| C: 0.13 (EBIT TTM 1.64b / Avg Total Assets 12.5b) |
| D: 0.42 (Book Value of Equity 3.75b / Total Liabilities 8.85b) |
| Altman-Z'' = 3.42 = A |
| DSRI: 0.53 (Receivables 3.05b/3.55b, Revenue 14.9b/9.21b) |
| GMI: 0.44 (GM 19.02% / 8.39%) |
| AQI: 1.09 (AQ_t 0.28 / AQ_t-1 0.25) |
| SGI: 1.62 (Revenue 14.9b / 9.21b) |
| TATA: 0.06 (NI 1.65b - CFO 848.0m) / TA 13.2b) |
| Beneish M = -3.36 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at EUR 287.20 with a total of 207,756 shares traded.
Over the past week, the price has changed by +8.39%,
over one month by -0.23%,
over three months by -24.68% and
over the past year by -12.81%.
MTU Aero Engines has no consensus analysts rating.
P/E Trailing = 14.8703
P/E Forward = 14.8148
P/S = 1.6677
P/B = 3.2363
P/EG = 1.175
Revenue TTM = 14.9b EUR
EBIT TTM = 1.64b EUR
EBITDA TTM = 2.05b EUR
Long Term Debt = 2.02b EUR (from longTermDebt, last quarter)
Short Term Debt = 161.0m EUR (from shortTermDebt, last quarter)
Debt = 2.75b EUR (from shortLongTermDebtTotal, last quarter) + Leases 326.0m
Net Debt = 1.50b EUR (calculated: Debt 2.75b - CCE 1.26b)
Enterprise Value = 16.3b EUR (14.8b + Debt 2.75b - CCE 1.26b)
Interest Coverage Ratio = 9.98 (Ebit TTM 1.64b / Interest Expense TTM 164.0m)
EV/FCF = 32.36x (Enterprise Value 16.3b / FCF TTM 504.0m)
FCF Yield = 3.09% (FCF TTM 504.0m / Enterprise Value 16.3b)
FCF Margin = 3.39% (FCF TTM 504.0m / Revenue TTM 14.9b)
Net Margin = 11.12% (Net Income TTM 1.65b / Revenue TTM 14.9b)
Gross Margin = 19.02% ((Revenue TTM 14.9b - Cost of Revenue TTM 12.0b) / Revenue TTM)
Gross Margin QoQ = 18.83% (prev 22.39%)
Tobins Q-Ratio = 1.23 (Enterprise Value 16.3b / Total Assets 13.2b)
Interest Expense / Debt = 5.95% (Interest Expense 164.0m / Debt 2.75b)
Taxrate = 19.41% (124.0m / 639.0m)
NOPAT = 1.32b (EBIT 1.64b * (1 - 19.41%))
Current Ratio = 1.44 (Total Current Assets 7.58b / Total Current Liabilities 5.25b)
Debt / Equity = 0.64 (Debt 2.75b / totalStockholderEquity, last quarter 4.31b)
Debt / EBITDA = 0.73 (Net Debt 1.50b / EBITDA 2.05b)
Debt / FCF = 2.97 (Net Debt 1.50b / FCF TTM 504.0m)
Total Stockholder Equity = 3.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.22% (Net Income 1.65b / Total Assets 13.2b)
RoE = 43.49% (Net Income TTM 1.65b / Total Stockholder Equity 3.80b)
RoCE = 28.09% (EBIT 1.64b / Capital Employed (Equity 3.80b + L.T.Debt 2.02b))
RoIC = 16.46% (NOPAT 1.32b / Invested Capital 8.01b)
WACC = 7.80% (E(14.8b)/V(17.6b) * Re(8.36%) + D(2.75b)/V(17.6b) * Rd(5.95%) * (1-Tc(0.19)))
Discount Rate = 8.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 20.0 | Cagr: -0.76%
[DCF] Terminal Value 77.97% ; FCFF base≈332.0m ; Y1≈380.6m ; Y5≈560.1m
[DCF] Fair Price = 128.8 (EV 8.43b - Net Debt 1.50b = Equity 6.93b / Shares 53.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.41 | EPS CAGR: 25.67% | SUE: 0.38 | # QB: 0
Revenue Correlation: 82.22 | Revenue CAGR: 22.58% | SUE: 0.10 | # QB: 0
EPS current Quarter (2026-06-30): EPS=4.56 | Chg30d=-3.96% | Revisions=-43% | Analysts=3
EPS next Quarter (2026-09-30): EPS=4.61 | Chg30d=+2.42% | Revisions=+14% | Analysts=3
EPS current Year (2026-12-31): EPS=18.65 | Chg30d=-0.42% | Revisions=-38% | GrowthEPS=+4.8% | GrowthRev=+9.3%
EPS next Year (2027-12-31): EPS=20.34 | Chg30d=-1.65% | Revisions=-41% | GrowthEPS=+9.1% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: -43%