MTU Aero Engines
Market Cap
€11.3b
Last Updated
2021/01/18 19:14 UTC
Data Sources
Company Financials +
Executive Summary
MTU Aero Engines AG, together with its subsidiaries, designs, develops, manufactures, markets, and supports commercial and military engines modules, and components in Germany, other European countries, North America, Asia, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has MTU Aero Engines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MTX is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MTX's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
2.3%
MTX
1.4%
DE Aerospace & Defense
-1.2%
DE Market
1 Year Return
-25.8%
MTX
-26.1%
DE Aerospace & Defense
2.3%
DE Market
Return vs Industry: MTX matched the German Aerospace & Defense industry which returned -26.1% over the past year.
Return vs Market: MTX underperformed the German Market which returned 2.3% over the past year.
Shareholder returns
| MTX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 1.4% | -1.2% |
| 30 Day | 2.3% | 3.8% | 1.8% |
| 90 Day | 31.3% | 33.9% | 8.5% |
| 1 Year | -25.8%-25.8% | -25.7%-26.1% | 5.6%2.3% |
| 3 Year | 42.8%38.5% | 2.4%-2.5% | 3.6%-5.5% |
| 5 Year | 169.9%152.6% | 53.2%39.5% | 41.3%21.3% |
Long-Term Price Volatility Vs. Market
How volatile is MTU Aero Engines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
20 hours ago | Simply Wall St
MTU Aero Engines AG's (ETR:MTX) Stock's On An Uptrend: Are Strong Financials Guiding The Market?2 weeks ago | Simply Wall St
Should You Be Impressed By MTU Aero Engines' (ETR:MTX) Returns on Capital?3 weeks ago | Simply Wall St
Should You Think About Buying MTU Aero Engines AG (ETR:MTX) Now?Valuation
Is MTU Aero Engines undervalued compared to its fair value and its price relative to the market?
22.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MTX (€209.9) is trading below our estimate of fair value (€271.22)
Significantly Below Fair Value: MTX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MTX is poor value based on its PE Ratio (42.5x) compared to the XE Aerospace & Defense industry average (21.2x).
PE vs Market: MTX is poor value based on its PE Ratio (42.5x) compared to the German market (23.9x).
Price to Earnings Growth Ratio
PEG Ratio: MTX is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: MTX is overvalued based on its PB Ratio (4.6x) compared to the DE Aerospace & Defense industry average (4x).
Next Steps
Future Growth
How is MTU Aero Engines forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
22.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTX's forecast earnings growth (22.3% per year) is above the savings rate (0.07%).
Earnings vs Market: MTX's earnings (22.3% per year) are forecast to grow slower than the German market (25.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MTX's revenue (8.5% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: MTX's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTX's Return on Equity is forecast to be low in 3 years time (14.2%).
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Past Performance
How has MTU Aero Engines performed over the past 5 years?
10.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTX has high quality earnings.
Growing Profit Margin: MTX's current net profit margins (6.3%) are lower than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: MTX's earnings have grown by 10.7% per year over the past 5 years.
Accelerating Growth: MTX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MTX had negative earnings growth (-43.2%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-19.1%).
Return on Equity
High ROE: MTX's Return on Equity (10.6%) is considered low.
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Financial Health
How is MTU Aero Engines's financial position?
Financial Position Analysis
Short Term Liabilities: MTX's short term assets (€4.0B) exceed its short term liabilities (€2.9B).
Long Term Liabilities: MTX's short term assets (€4.0B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: MTX's debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: MTX's debt to equity ratio has reduced from 78.9% to 2.4% over the past 5 years.
Debt Coverage: MTX's debt is well covered by operating cash flow (847.7%).
Interest Coverage: MTX's interest payments on its debt are well covered by EBIT (26.9x coverage).
Balance Sheet
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Dividend
What is MTU Aero Engines's current dividend yield, its reliability and sustainability?
1.28%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MTX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MTX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MTX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MTX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MTX is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MTX's dividend in 3 years as they are not forecast to pay a notable one for the German market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Reiner Winkler (59 yo)
7yrs
Tenure
€2,602,776
Compensation
Mr. Reiner Winkler has been the Chief Executive Officer MTU Aero Engines AG since January 1, 2014 and served as its Chief Financial Officer since May 2005. Mr. Winkler serves as Member of Advisory Council ...
CEO Compensation Analysis
Compensation vs Market: Reiner's total compensation ($USD3.14M) is below average for companies of similar size in the German market ($USD5.38M).
Compensation vs Earnings: Reiner's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of the Executive Board | 7yrs | €2.60m | no data | |
| Employee Representative Deputy Chairman of the Supervisory Board | 5.25yrs | €120.50k | no data | |
| CFO, Chief Information Officer & Member of the Executive Board | 3yrs | €1.48m | no data | |
| Chief Program Officer & Member of the Executive Board | 7.5yrs | €1.48m | no data | |
| COO & Member of the Executive Board | 3yrs | €1.81m | no data | |
| Employee Representative Member of Supervisory Board | 4.75yrs | €85.50k | no data | |
| Employee Representative Member of Supervisory Board | 2.5yrs | €65.00k | no data | |
| Employee Representative Member of Supervisory Board | 1.58yrs | €42.00k | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior Vice President of Corporate Communications & Public Affairs | no data | no data | no data | |
| Chief of The MTU Aero Engines - Seoul | no data | no data | no data |
5.0yrs
Average Tenure
52.5yo
Average Age
Experienced Management: MTX's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Employee Representative Deputy Chairman of the Supervisory Board | 5.25yrs | €120.50k | no data | |
| Employee Representative Member of Supervisory Board | 4.75yrs | €85.50k | no data | |
| Employee Representative Member of Supervisory Board | 2.5yrs | €65.00k | no data | |
| Employee Representative Member of Supervisory Board | 1.58yrs | €42.00k | no data | |
| Member of Supervisory Board | 15.25yrs | €85.00k | no data | |
| Chairman of the Supervisory Board | 13yrs | €228.50k | no data | |
| Member of Supervisory Board | no data | €65.00k | no data | |
| Member of Supervisory Board | 11.67yrs | €105.50k | no data | |
| Member of Supervisory Board | 12.75yrs | €65.00k | no data | |
| Member of Supervisory Board | 7.67yrs | €65.00k | no data | |
| Member of Supervisory Board | 2.75yrs | €65.00k | no data | |
| Supervisory Board Member | 1yr | no data | no data |
5.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: MTX's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MTU Aero Engines AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MTU Aero Engines AG
- Ticker: MTX
- Exchange: XTRA
- Founded: 1913
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: €11.250b
- Shares outstanding: 53.04m
- Website: https://www.mtu.de
Number of Employees
Location
- MTU Aero Engines AG
- Dachauer Strasse 665
- Munich
- Bavaria
- 80995
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MTX | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Jun 2005 |
| MTX | XTRA (XETRA Trading Platform) | Yes | Registered Shares | DE | EUR | Jun 2005 |
| 0FC9 | LSE (London Stock Exchange) | Yes | Registered Shares | GB | EUR | Jun 2005 |
| MTUA.F | OTCPK (Pink Sheets LLC) | Yes | Registered Shares | US | USD | Jun 2005 |
| MTXD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Registered Shares | GB | EUR | Jun 2005 |
| MTX | SWX (SIX Swiss Exchange) | Yes | Registered Shares | CH | CHF | Jun 2005 |
| MTX | WBAG (Wiener Boerse AG) | Yes | Registered Shares | AT | EUR | Jun 2005 |
| MTX N | BMV (Bolsa Mexicana de Valores) | Yes | Registered Shares | MX | MXN | Jun 2005 |
| MTX | ETLX (Eurotlx) | Yes | Registered Shares | IT | EUR | Jun 2005 |
| MTUA.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 | |
| MTX1 | BST (Boerse-Stuttgart) | UNSPONSORD ADR | DE | EUR | Oct 2008 | |
| MTXN | DB (Deutsche Boerse AG) | NPV | DE | EUR | Jan 2021 |
Biography
MTU Aero Engines AG, together with its subsidiaries, designs, develops, manufactures, markets, and supports commercial and military engines modules, and components in Germany, other European countries, Nor...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 19:14 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.