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MTU Aero Engines AGXTRA:MTX Stock Report

Market Cap €16.9b
Share Price
€313.30
€501.33
37.5% undervalued intrinsic discount
1Y-10.6%
7D5.8%
1D
Portfolio Value
View

MTU Aero Engines AG

XTRA:MTX Stock Report

Market Cap: €16.9b

MTU Aero Engines (MTX) Stock Overview

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. More details

MTX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends3/6

MTX Community Fair Values

Create Narrative

See what 71 others think this stock is worth. Follow their fair value or set your own to get alerts.

MTU Aero Engines AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for MTU Aero Engines
Historical stock prices
Current Share Price€313.30
52 Week High€404.80
52 Week Low€265.20
Beta0.89
1 Month Change7.55%
3 Month Change-11.94%
1 Year Change-10.61%
3 Year Change42.60%
5 Year Change50.92%
Change since IPO1,384.13%

Recent News & Updates

Narrative Update May 02

MTX: Future Returns Will Balance Mixed Rating Shifts And Execution Risks

Analysts have trimmed the price target on MTU Aero Engines to about €291 from €334, reflecting updated views around slightly higher discount rates, more measured revenue growth and profit margins, and a modestly higher future P/E, in line with a recent mix of target cuts, downgrades and new coverage on the stock. Analyst Commentary Recent Street research shows a mix of views on MTU Aero Engines, with several bearish analysts taking a more guarded stance on valuation, growth and the timing of any re rating.
Narrative Update Apr 18

MTX: Future Re Rating Will Rely On Execution And Margin Delivery

Analyst price targets for MTU Aero Engines have been trimmed by about €4 to reflect a mix of reduced target levels from several banks, along with updated assumptions for discount rates, profitability and future P/E multiples, even as analysts acknowledge slightly firmer revenue growth and margin expectations. Analyst Commentary Recent research updates on MTU Aero Engines show a mix of lowered price targets and more constructive views on the company, with opinions split on how quickly the shares might reflect improved fundamentals and valuation assumptions.

Recent updates

Narrative Update May 02

MTX: Future Returns Will Balance Mixed Rating Shifts And Execution Risks

Analysts have trimmed the price target on MTU Aero Engines to about €291 from €334, reflecting updated views around slightly higher discount rates, more measured revenue growth and profit margins, and a modestly higher future P/E, in line with a recent mix of target cuts, downgrades and new coverage on the stock. Analyst Commentary Recent Street research shows a mix of views on MTU Aero Engines, with several bearish analysts taking a more guarded stance on valuation, growth and the timing of any re rating.
Narrative Update Apr 18

MTX: Future Re Rating Will Rely On Execution And Margin Delivery

Analyst price targets for MTU Aero Engines have been trimmed by about €4 to reflect a mix of reduced target levels from several banks, along with updated assumptions for discount rates, profitability and future P/E multiples, even as analysts acknowledge slightly firmer revenue growth and margin expectations. Analyst Commentary Recent research updates on MTU Aero Engines show a mix of lowered price targets and more constructive views on the company, with opinions split on how quickly the shares might reflect improved fundamentals and valuation assumptions.
Narrative Update Apr 04

MTX: Future Returns Will Balance Execution Risks With Limited Re Rating Triggers

Narrative Update: MTU Aero Engines The analyst price target for MTU Aero Engines is now set at €334, with recent research showing mixed views as some analysts cut targets or downgrade ratings while others lift targets. This reflects different opinions on catalysts and valuation assumptions.
Narrative Update Mar 21

MTX: Long Term Earnings Power Will Support Future Re Rating Potential

Analysts have trimmed the fair value estimate for MTU Aero Engines to €505 from €515, reflecting slightly higher discount rate assumptions, marginally lower revenue growth and profit margin expectations, a modestly lower future P/E, and recent Street research that includes a downgrade to Hold and a mixed set of price target revisions. Analyst Commentary Recent Street research on MTU Aero Engines offers a split picture, with cautious stances on the rating side but some constructive signals for valuation.
Narrative Update Mar 07

MTX: Cautious Outlook Will Balance Execution Risk With Limited Re Rating Potential

Analysts have raised their price target on MTU Aero Engines to €334 from €296, reflecting updated assumptions for revenue growth, profit margins, and a lower future P/E multiple, even as some see limited near term re rating catalysts. Analyst Commentary Recent research points to a more cautious tone around MTU Aero Engines, even where price targets have been adjusted.
Narrative Update Feb 21

MTX: Higher Long Term Revenue Assumptions Will Support Future Rerating Potential

Analysts have kept their price target for MTU Aero Engines steady at €515.00, citing slightly higher assumed revenue growth, a stable profit margin outlook, and a lower future P/E multiple as the key inputs behind the unchanged view. Valuation Changes Fair Value: Maintained at €515.00, indicating no change in the central valuation outcome.
Analysis Article Feb 16

MTU Aero Engines (ETR:MTX) Shareholders Will Want The ROCE Trajectory To Continue

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Narrative Update Feb 06

MTX: Cash Flow Execution Will Drive Potential Rerating From Current Levels

Narrative Update on MTU Aero Engines Analysts have lifted their fair value estimate for MTU Aero Engines from €470 to €515, citing updated assumptions for revenue growth, profit margins and future P/E, while also acknowledging recent Street research that highlights both the potential for improved cash flow and the current lack of clarity compared with some peers. Analyst Commentary Recent coverage of MTU Aero Engines has been measured, but still points to areas that bullish analysts see as constructive for the equity story.
Narrative Update Jan 23

MTX: Spare Parts Strength And Cash Flow Clarity Will Shape Future Returns

Analysts have modestly lifted their price target for MTU Aero Engines to about €419 from €413, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E, alongside recent Street views that highlight both incremental price target moves and mixed confidence in the clarity of the company’s cash flow profile. Analyst Commentary Street research on MTU Aero Engines currently points to a mixed but fairly balanced view, with analysts fine tuning price targets and focusing closely on cash flow visibility and valuation risk.
Narrative Update Jan 09

MTX: Spare Parts Strength And Cash Flow Uncertainty Will Shape Future Returns

Analysts have nudged their price targets on MTU Aero Engines higher, with recent moves such as Morgan Stanley shifting from €407 to €409, JPMorgan from €430 to €465, and Jefferies from €470 to €500. They cite solid recent performance and expectations for strong spare parts contribution, while some still flag less clarity around cash flow than at peers.
Narrative Update Dec 26

MTX: Spare Parts Strength Will Support Future Cash Flows Despite Ongoing Visibility Concerns

Analysts have nudged their blended price target for MTU Aero Engines slightly higher to about EUR 414 from roughly EUR 411. This reflects incremental optimism on sustained spare parts driven profitability, even as they apply a marginally higher discount rate and forward earnings multiple.
Analysis Article Dec 17

Here's Why MTU Aero Engines (ETR:MTX) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update Dec 11

MTX: Aftermarket Cash Flows Will Drive Future Upside Despite Visibility Concerns

The analyst-derived fair value estimate for MTU Aero Engines has edged up by about EUR 1 to roughly EUR 411, as analysts factor in a series of recent price target increases and ongoing confidence in the durability of cash flow and aftermarket-driven earnings, despite some lingering caution around visibility versus peers. Analyst Commentary Analysts remain divided on the risk reward profile for MTU Aero Engines, with a clear tilt toward higher valuation targets but ongoing debate around the durability and visibility of cash flow improvement.
Analysis Article Dec 04

Why MTU Aero Engines AG (ETR:MTX) Could Be Worth Watching

Today we're going to take a look at the well-established MTU Aero Engines AG ( ETR:MTX ). The company's stock saw...
Narrative Update Nov 27

MTX: Ongoing Spare Parts Strength Will Sustain Earnings Upside This Year

The analyst price target for MTU Aero Engines has been revised slightly downward to €410.56 from €412.35. This change reflects analysts' cautious outlook amid modest adjustments in fair value assumptions and sector comparisons.
Narrative Update Nov 10

MTX: Strong Aftermarket Momentum Will Drive Continued Revenue Momentum This Year

MTU Aero Engines' analyst price target saw a modest increase to €412.35. Analysts cited steady revenue growth and robust aftermarket performance as key drivers behind the upward revision.
Analysis Article Nov 10

Subdued Growth No Barrier To MTU Aero Engines AG's (ETR:MTX) Price

With a price-to-earnings (or "P/E") ratio of 21.6x MTU Aero Engines AG ( ETR:MTX ) may be sending bearish signals at...
Narrative Update Oct 27

Rising Air Travel Demand Will Drive Sustained Momentum In Civil Aviation

Analysts have increased their fair value estimate for MTU Aero Engines from €393.41 to €410.88, citing stronger revenue growth and improving profit margins as key factors for the upward revision. Analyst Commentary Recent analyst research on MTU Aero Engines highlights a mix of optimistic outlooks and more cautious perspectives following the company's latest results and price target revisions.
Narrative Update Oct 13

Robust Global Air Travel Demand Will Expand Engine Programs

The analyst consensus price target for MTU Aero Engines has edged higher to approximately €393 from €389. Analysts cite a slightly stronger outlook for revenue growth and profit margins, although there are mixed views on risk and valuation in recent research updates.
Narrative Update Sep 19

Robust Global Air Travel Demand Will Expand Engine Programs

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.
Analysis Article Sep 10

MTU Aero Engines (ETR:MTX) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Narrative Update Sep 04

Robust Global Air Travel Demand Will Expand Engine Programs

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.
Analysis Article Aug 26

MTU Aero Engines (ETR:MTX) Shareholders Will Want The ROCE Trajectory To Continue

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article Aug 11

Lacklustre Performance Is Driving MTU Aero Engines AG's (ETR:MTX) Low P/S

MTU Aero Engines AG's ( ETR:MTX ) price-to-sales (or "P/S") ratio of 2.5x might make it look like a buy right now...
Analysis Article Jul 27

MTU Aero Engines AG Just Recorded A 45% EPS Beat: Here's What Analysts Are Forecasting Next

MTU Aero Engines AG ( ETR:MTX ) shareholders are probably feeling a little disappointed, since its shares fell 7.6% to...
Analysis Article Jun 18

At €354, Is MTU Aero Engines AG (ETR:MTX) Worth Looking At Closely?

Today we're going to take a look at the well-established MTU Aero Engines AG ( ETR:MTX ). The company's stock saw a...
User avatar
New Narrative Nov 08

Tactical Strength In MRO And Asset Management Drives Future Growth Potential

Strong demand in MRO services and leasing boosts MTU's margins and EBIT, indicating sustained profitability in these sectors.

Shareholder Returns

MTXDE Aerospace & DefenseDE Market
7D5.8%1.6%0.7%
1Y-10.6%-19.0%2.0%

Return vs Industry: MTX exceeded the German Aerospace & Defense industry which returned -19% over the past year.

Return vs Market: MTX underperformed the German Market which returned 2% over the past year.

Price Volatility

Is MTX's price volatile compared to industry and market?
MTX volatility
MTX Average Weekly Movement7.0%
Aerospace & Defense Industry Average Movement8.7%
Market Average Movement6.1%
10% most volatile stocks in DE Market13.2%
10% least volatile stocks in DE Market2.7%

Stable Share Price: MTX has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: MTX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191313,674Johannes Bussmannwww.mtu.de

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. It operates through two segments: Original Equipment Manufacturing Business; and Maintenance, Repair, and Overhaul Business. The company offers commercial aircraft engines for wide body aircraft, narrow body, regional jets, helicopters, business jets, and turboprops; military aircraft engines for fighter jets, helicopters, and transporters; and industrial gas turbines.

MTU Aero Engines AG Fundamentals Summary

How do MTU Aero Engines's earnings and revenue compare to its market cap?
MTX fundamental statistics
Market cap€16.85b
Earnings (TTM)€992.00m
Revenue (TTM)€8.88b
17.0x
P/E Ratio
1.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MTX income statement (TTM)
Revenue€8.88b
Cost of Revenue€7.17b
Gross Profit€1.71b
Other Expenses€717.00m
Earnings€992.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 30, 2026

Earnings per share (EPS)18.44
Gross Margin19.24%
Net Profit Margin11.17%
Debt/Equity Ratio46.0%

How did MTX perform over the long term?

See historical performance and comparison

Dividends

1.1%
Current Dividend Yield
19%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 14:14
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MTU Aero Engines AG is covered by 31 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph CampbellBarclays
Milene KernerBarclays
George McwhirterBerenberg