XTRA:MTX

Stock Analysis Report

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.

Snowflake

Fundamentals

Outstanding track record with excellent balance sheet and pays a dividend.


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


Market Performance


7 Day Return

3.0%

XTRA:MTX

2.7%

DE Aerospace & Defense

-1.6%

DE Market


1 Year Return

29.0%

XTRA:MTX

26.7%

DE Aerospace & Defense

-10.5%

DE Market

MTX outperformed the Aerospace & Defense industry which returned 4.8% over the past year.

MTX outperformed the Market in Germany which returned -12% over the past year.


Share holder returns

MTXIndustryMarket
7 Day3.0%2.7%-1.6%
30 Day10.3%9.3%-5.4%
90 Day17.1%15.7%-6.0%
1 Year30.8%29.0%28.4%26.7%-7.7%-10.5%
3 Year177.5%165.3%170.6%158.7%9.4%-0.02%
5 Year311.3%279.2%283.6%253.7%25.5%8.1%

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

Valuation

Is MTU Aero Engines undervalued based on future cash flows and its price relative to the stock market?

4%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

MTU Aero Engines's share price is below the future cash flow value, but not at a moderate discount (< 20%).

MTU Aero Engines's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

MTU Aero Engines is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.

MTU Aero Engines is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

MTU Aero Engines is poor value based on expected growth next year.


Price Based on Value of Assets

MTU Aero Engines is overvalued based on assets compared to the Europe Aerospace & Defense industry average.


Next Steps

Future Growth

How is MTU Aero Engines expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

MTU Aero Engines's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).

MTU Aero Engines's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).

MTU Aero Engines's revenue growth is expected to exceed the Germany market average.

MTU Aero Engines's earnings growth is positive but not above the Germany market average.

MTU Aero Engines's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

MTU Aero Engines is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has MTU Aero Engines performed over the past 5 years?

19.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MTU Aero Engines's year on year earnings growth rate has been positive over the past 5 years.

MTU Aero Engines's 1-year earnings growth exceeds its 5-year average (22.4% vs 19.6%)

MTU Aero Engines's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (22.4% vs 12.8%).


Return on Equity

MTU Aero Engines has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

MTU Aero Engines used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.


Return on Capital Employed

MTU Aero Engines has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is MTU Aero Engines's financial position?


Financial Position Analysis

MTU Aero Engines is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

MTU Aero Engines's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

MTU Aero Engines's level of debt (45.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (54.3% vs 45.2% today).

Debt is well covered by operating cash flow (67.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 519.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.3x debt.


Next Steps

Dividend

What is MTU Aero Engines's current dividend yield, its reliability and sustainability?

1.71%

Expected Dividend Yield


Dividend Yield and Payments Analysis

MTU Aero Engines's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.61%).

MTU Aero Engines's dividend is below the markets top 25% of dividend payers in Germany (4.29%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).


Next Steps

Management

What is the CEO of MTU Aero Engines's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Reiner Winkler (58yo)

5.6yrs

Tenure

€2,825,102

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

Reiner's remuneration is lower than average for companies of similar size in Germany.

Reiner's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

51.5yo

Average Age

The tenure for the MTU Aero Engines management team is about average.


Board Age and Tenure

6.3yrs

Average Tenure

62.5yo

Average Age

The tenure for the MTU Aero Engines board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Reiner Winkler (58yo)

    CEO & Member of the Executive Board

    • Tenure: 5.6yrs
    • Compensation: 2.83m
  • Eckhard Zanger

    Senior Vice President of Corporate Communications & Public Affairs

  • Michael Schreyögg (53yo)

    Chief Program Officer & Member of the Executive Board

    • Tenure: 6.1yrs
    • Compensation: 1.48m
  • Chae Kyoo-Joo

    Chief of The MTU Aero Engines - Seoul

  • Peter Kameritsch (50yo)

    CFO, Chief Information Officer & Member of the Executive Board

    • Tenure: 1.6yrs
    • Compensation: 2.84m
  • Michael Röger

    Vice President of Investor Relations

  • Lars Wagner (44yo)

    COO & Member of the Executive Board

    • Tenure: 1.6yrs
    • Compensation: 1.30m

Board Members

  • Josef Mailer

    Deputy Chairman of the Supervisory Board

    • Tenure: 3.8yrs
    • Compensation: 122.00k
  • Joachim Rauhut (65yo)

    Member of Supervisory Board

    • Tenure: 10.3yrs
    • Compensation: 104.00k
  • Angelo Gross

    Member of Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: 48.11k
  • Jürgen Geißinger (60yo)

    Member of Supervisory Board

    • Tenure: 13.8yrs
    • Compensation: 88.00k
  • Thomas Dautl

    Member of Supervisory Board

    • Tenure: 11.3yrs
    • Compensation: 65.00k
  • Klaus Eberhardt (71yo)

    Chairman of the Supervisory Board

    • Tenure: 11.6yrs
    • Compensation: 227.00k
  • Christine Bortenlänger (53yo)

    Member of Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: 48.11k
  • Heike Madan

    Member of Supervisory Board

    • Tenure: 3.3yrs
    • Compensation: 84.00k
  • Klaus Steffens (69yo)

    Member of Supervisory Board

    • Compensation: 65.00k
  • Marion Weissenberger-Eibl (53yo)

    Member of Supervisory Board

    • Tenure: 6.3yrs
    • Compensation: 65.00k

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: €12.494b
  • Shares outstanding: 51.76m
  • Website: Click here

Number of Employees


Location

  • MTU Aero Engines AG
  • Dachauer Strasse 665
  • Munich
  • Bavaria
  • 80995
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTXDB (Deutsche Boerse AG)YesRegistered SharesDEEURJun 2005
MTX NBMV (Bolsa Mexicana de Valores)YesRegistered SharesMXMXNJun 2005
MTXDBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURJun 2005
0FC9LSE (London Stock Exchange)YesRegistered SharesGBEURJun 2005
MTXSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJun 2005
MTXWBAG (Wiener Boerse AG)YesRegistered SharesATEURJun 2005
MTXXTRA (XETRA Trading Platform)YesRegistered SharesDEEURJun 2005
MTUA.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJun 2005
MTUA.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REPR 0.5 ORDUSUSDOct 2008
MTX1BST (Boerse-Stuttgart)UNSP ADR EACH REPR 0.5 ORDDEEUROct 2008

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/16 21:04
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.