Here's Why MTU Aero Engines (ETR:MTX) Can Afford Some Debt
Nov 24
German (DAX) Aerospace and Defense Industry Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies7
- 7D-0.2%
- 3M-1.1%
- 1Y15.8%
- YTD14.0%
The Aerospace and Defense industry has been flat over the last week, but Hensoldt has lost 8.4%. The past year has been better, since the industry has gained 16% in that time. As for the next few years, earnings are expected to grow by 38% per annum.
Industry Valuation and Performance
Has the German Aerospace and Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | €26.4b | €15.3b | €349.1m | 25.7x | 75.5x | 1.7x |
| Tue, 31 Oct 2023 | €25.4b | €15.7b | €988.6m | 22.9x | 25.7x | 1.6x |
| Thu, 28 Sep 2023 | €23.8b | €15.7b | €988.6m | 22.6x | 24.1x | 1.5x |
| Sat, 26 Aug 2023 | €25.9b | €15.7b | €988.1m | 22.6x | 26.3x | 1.7x |
| Mon, 24 Jul 2023 | €27.7b | €15.0b | €849.1m | 23.9x | 32.7x | 1.9x |
| Wed, 21 Jun 2023 | €28.2b | €15.0b | €849.1m | 24.1x | 33.3x | 1.9x |
| Fri, 19 May 2023 | €28.4b | €15.0b | €849.1m | 24.6x | 33.5x | 1.9x |
| Sun, 16 Apr 2023 | €28.7b | €14.8b | €860.6m | 25.1x | 33.4x | 1.9x |
| Tue, 14 Mar 2023 | €27.0b | €14.3b | €781.2m | 27.9x | 34.6x | 1.9x |
| Thu, 09 Feb 2023 | €25.7b | €14.0b | €689.9m | 25.5x | 37.2x | 1.8x |
| Sat, 07 Jan 2023 | €24.2b | €14.0b | €689.9m | 23.7x | 35x | 1.7x |
| Mon, 05 Dec 2022 | €22.7b | €14.0b | €689.9m | 24.5x | 32.8x | 1.6x |
| Wed, 02 Nov 2022 | €20.3b | €13.4b | €696.5m | 22.4x | 29.2x | 1.5x |
| Fri, 30 Sep 2022 | €18.3b | €13.4b | €696.5m | 20.7x | 26.3x | 1.4x |
| Sun, 28 Aug 2022 | €20.5b | €13.4b | €696.5m | 25.9x | 29.4x | 1.5x |
| Tue, 26 Jul 2022 | €21.8b | €12.8b | €688.7m | 23.6x | 31.6x | 1.7x |
| Thu, 23 Jun 2022 | €22.2b | €12.8b | €688.7m | 24x | 32.3x | 1.7x |
| Sat, 21 May 2022 | €21.6b | €12.6b | €684.7m | 21.5x | 31.5x | 1.7x |
| Mon, 18 Apr 2022 | €23.3b | €12.6b | €697.9m | 23.3x | 33.3x | 1.9x |
| Wed, 16 Mar 2022 | €21.3b | €13.1b | €374.5m | 40.4x | 56.8x | 1.6x |
| Fri, 11 Feb 2022 | €16.9b | €12.7b | €237.8m | 33.1x | 71.1x | 1.3x |
| Sun, 09 Jan 2022 | €12.8b | €6.5b | €174.8m | 30.3x | 73.2x | 2x |
| Tue, 07 Dec 2021 | €11.6b | €6.5b | €174.8m | 30.1x | 66.6x | 1.8x |
| Thu, 04 Nov 2021 | €13.1b | €6.4b | €131.2m | 30.6x | 99.9x | 2x |
| Sat, 02 Oct 2021 | €13.2b | €6.4b | €137.0m | 29.9x | 96.7x | 2.1x |
| Mon, 30 Aug 2021 | €13.3b | €6.4b | €137.0m | 30.9x | 97x | 2.1x |
| Tue, 06 Jul 2021 | €14.0b | €6.4b | €137.0m | 28.8x | 102.4x | 2.2x |
| Fri, 09 Apr 2021 | €13.2b | €6.1b | €67.6m | 30.9x | 195.1x | 2.1x |
| Thu, 31 Dec 2020 | €13.9b | €6.4b | €67.9m | 56.8x | 205.2x | 2.2x |
Price to Earnings Ratio
69.8x
Current Industry PE
- Investors are relatively neutral on the German Aerospace and Defense industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 73.7x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Aerospace and Defense industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 32% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does German Aerospace and Defense compare with similar industries?
| DE Market | 1.41% | |
| Industrials | 2.31% | |
| Aerospace & Defense | -0.21% | |
| Aerospace and Defense | -0.21% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTX MTU Aero Engines | €192.50 | 2.3% +€236.5m | -4.9% | PS2x | |
| M0YN Mynaric | €18.80 | 14.6% +€15.0m | 22.9% | PS15.9x | |
| FQT Frequentis | €28.40 | 0.7% +€2.7m | -3.1% | PE20.8x |