Professional
Added to YB: 2026-04-16
Pitch date: 2026-04-14
MTX.DE [bullish]
MTU Aero Engines AG
+0.15%
current return
Author Info
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Company Info
MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, sale, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.
Market Cap
EUR 17.5B
Pitch Price
EUR 334.10
Price Target
545.00 (+62%)
Dividend
1.11%
EV/EBITDA
10.40
P/E
17.56
EV/Sales
2.01
Sector
Aerospace and Defense
Category
value
MTU Aero Engines AG (XTRA: MTX) - Return to Flight
MTX.DE: High-quality aero-engine franchise w/ decades of aftermarket cash flow trading at 40% discount to peers (e.g. Safran) due to P&W GTF issue MTU wasn't responsible for. Grounded planes peaked & declining, MRO throughput +26% in 2025 (accelerating Q4), cash outlays behind, 2026 final compensation yr. Cash conversion distorted by temporary working capital build, not structural weakness. Fair value €545, 67-69% upside as normalized cash flow recognized.
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