(MTX) MTU Aero Engines - XETRA
Sector: Industrials | Industry: Aerospace & Defense | Exchange: XETRA (Germany) | Market Cap: 19.309m EUR | Total Return: 45.9% in 12m
Avg Turnover: 60.9M
EPS Trend: 97.6%
Qual. Beats: 0
Rev. Trend: 82.2%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
Idiosyncratic Leader
MTU Aero Engines AG (XETRA: MTX) is a Munich-based German aerospace company founded in 1913 that designs, manufactures, sells, and maintains commercial and military aircraft engines, as well as industrial gas turbines derived from aero engines. It operates through two segments: the Original Equipment Manufacturing (OEM) business and the Maintenance, Repair, and Overhaul (MRO) business, and serves customers in Europe, North America, Asia, and other international markets across widebody, narrowbody, regional jet, helicopter, business jet, and turboprop platforms.
The company is classified within the GICS Industrials sector under the Aerospace & Defense sub-industry. The global commercial aero engine market is an oligopoly dominated by a small group of major manufacturers (notably GE Aerospace, Pratt & Whitney, Rolls-Royce, and Safran), and MTU typically participates as a risk- and revenue-sharing partner on large engine programs rather than as a sole prime, which is a common structural feature of the industry. The split between OEM and aftermarket MRO activity is also characteristic of the sector, with the MRO segment typically generating more stable, cycle-resistant revenue tied to the installed base of engines already in service.
- PW1100G GTF recall drives MRO shop visit surge
- Airbus A320neo production rate hikes boost OEM revenue
- Eurofighter and A400M military engine orders expand backlog
| Net Income: 1.59b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.22 > 1.0 |
| NWC/Revenue: 15.65% < 20% (prev 15.99%; Δ -0.34% < -1%) |
| CFO/TA 0.06 > 3% & CFO 848.0m > Net Income 1.59b |
| Net Debt (1.50b) to EBITDA (2.59b): 0.58 < 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 8.39%; Δ 10.63% > 0.5%) |
| Asset Turnover: 115.7% > 50% (prev 73.74%; Δ 41.96% > 0%) |
| Interest Coverage Ratio: 22.65 > 6 (EBIT TTM 1.95b / Interest Expense TTM 86.0m) |
| 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: 0.15 (EBIT TTM 1.95b / Avg Total Assets 12.9b) |
| D: 0.49 (Book Value of Equity 4.31b / Total Liabilities 8.85b) |
| Altman-Z'' = 3.63 = AA |
| DSRI: 0.61 (Receivables 3.05b/3.08b, Revenue 14.9b/9.21b) |
| GMI: 0.44 (GM 8.39% / 19.02%) |
| AQI: 1.08 (AQ_t 0.28 / AQ_t-1 0.26) |
| SGI: 1.62 (Revenue 14.9b / 9.21b) |
| TATA: 0.06 (NI 1.59b - CFO 848.0m) / TA 13.2b) |
| Beneish M = -3.36 (Cap -4..+1) = AA |
As of June 26, 2026, the stock is trading at EUR 362.80 with a total of 222,363 shares traded. Over the past week, the price has changed by +2.46%, over one month by +1.07%, over three months by +12.49% and over the past year by +45.88%.
Current recommended Stop Loss: 347.30 (which is 4.3% or 1.3 ATR below the current price).
MTU Aero Engines has no consensus analysts rating.
P/E Trailing = 19.3892
P/E Forward = 19.3424
P/S = 2.1737
P/B = 4.2241
P/EG = 1.5337
Revenue TTM = 14.9b EUR
EBIT TTM = 1.95b EUR
EBITDA TTM = 2.59b EUR
Long Term Debt = 2.02b EUR (from longTermDebt, last quarter)
Short Term Debt = 108.0m 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 = 20.8b EUR (19.3b + Debt 2.75b - CCE 1.26b)
Interest Coverage Ratio = 22.65 (Ebit TTM 1.95b / Interest Expense TTM 86.0m)
EV/FCF = 41.28x (Enterprise Value 20.8b / FCF TTM 504.0m)
FCF Yield = 2.42% (FCF TTM 504.0m / Enterprise Value 20.8b)
FCF Margin = 3.39% (FCF TTM 504.0m / Revenue TTM 14.9b)
Net Margin = 10.72% (Net Income TTM 1.59b / 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 = 1.57 (Enterprise Value 20.8b / Total Assets 13.2b)
Interest Expense / Debt = 3.12% (Interest Expense 86.0m / Debt 2.75b)
Taxrate = 25.10% (569.0m / 2.27b)
NOPAT = 1.46b (EBIT 1.95b * (1 - 25.10%))
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 = 0.58 (Net Debt 1.50b / EBITDA 2.59b)
Debt / FCF = 2.97 (Net Debt 1.50b / FCF TTM 504.0m)
Total Stockholder Equity = 3.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.40% (Net Income 1.59b / Total Assets 13.2b)
RoE = 41.91% (Net Income TTM 1.59b / Total Stockholder Equity 3.80b)
RoCE = 33.42% (EBIT 1.95b / Capital Employed (Equity 3.80b + L.T.Debt 2.02b))
RoIC = 19.90% (NOPAT 1.46b / Invested Capital 7.33b)
WACC = 7.49% (E(19.3b)/V(22.1b) * Re(8.23%) + D(2.75b)/V(22.1b) * Rd(3.12%) * (1-Tc(0.25)))
Discount Rate = 8.23% (= 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: 97.56 | EPS CAGR: 25.54% | 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=-0.07% | Revisions=-8% | GrowthEPS=+4.9% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=20.32 | Chg30d=-0.55% | Revisions=-14% | GrowthEPS=+8.9% | GrowthRev=+9.5%
[Analyst] Revisions Ratio: -43%