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Robust Global Air Travel Demand Will Expand Engine Programs

Published
08 Nov 24
Updated
19 Sep 25
AnalystConsensusTarget's Fair Value
€389.44
6.9% undervalued intrinsic discount
19 Sep
€362.70
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1Y
29.4%
7D
0.6%

Author's Valuation

€389.44

6.9% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on19 Sep 25
Fair value Decreased 1.35%

Analyst sentiment on MTU Aero Engines has turned more balanced as optimism regarding aftermarket demand and operational performance is tempered by valuation and macroeconomic caution, resulting in a slight reduction in the consensus price target from €394.75 to €389.44. Analyst Commentary Bullish analysts have raised price targets citing improved earnings visibility and stronger than expected operational performance.

Shared on04 Sep 25

Analysts remain split on MTU Aero Engines, with bulls encouraged by stronger 2030 guidance and aftermarket momentum, while bears flag increased cyclical risks and valuation concerns—resulting in the consensus price target effectively unchanged at €394.75. Analyst Commentary Bullish analysts cite MTU’s stronger-than-expected 2030 guidance, attributing this to airlines planning to extend the lifespan of existing fleets, driving higher demand for engine and spare parts.

Shared on01 May 25
Fair value Increased 6.98%

Shared on23 Apr 25
Fair value Increased 5.64%

Shared on17 Apr 25
Fair value Decreased 2.12%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25
Fair value Decreased 0.37%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Decreased 5.14%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on26 Mar 25
Fair value Increased 12%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on12 Mar 25
Fair value Decreased 2.65%

AnalystConsensusTarget has decreased discount rate from 5.6% to 5.0% and increased shares outstanding growth rate from 0.0% to 0.0%.