Added to YB: 2026-04-08
Pitch date: 2026-04-05
AERO.SW [bullish]
Montana Aerospace AG
-3.14%
current return
Author Info
Company Info
Montana Aerospace AG design, develop, and manufacture system components and complex assemblies worldwide.
Market Cap
CHF 1.7B
Pitch Price
CHF 23.90
Price Target
35.00 (+42%)
Dividend
N/A
EV/EBITDA
9.69
P/E
144.53
EV/Sales
1.73
Sector
Aerospace and Defense
Category
value
Markets in turmoil: Sifting the debris (Montana Aerospace - AERO.SW)
AERO.SW: Vertically-integrated aerostructures supplier riding aircraft production upcycle. FY26E €185M EBITDA, FY27E €210M. Trading 7.4-8.3x FY26-27 EV/EBITDA vs peers 10-13x & recent M&A 13x. 0.8x net leverage→net cash FY26. Margins expanding 18%→19% FY27→30% LT. 50% EBITDA-FCF conversion FY27. ~35% upside to 10x FY27 EBITDA. Risks: 100% civil aero exposure, prolonged ME crisis disrupting deliveries.
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