Announcement • Apr 09
MTU Aero Engines AG (XTRA:MTX) agreed to acquire Aerodesignworks GmbH. MTU Aero Engines AG (XTRA:MTX) agreed to acquire Aerodesignworks GmbH on April 8, 2026. Aerodesignworks will become a wholly owned subsidiary of MTU. Announcement • Jan 09
MTU Aero Engines AG to Report Fiscal Year 2025 Results on Feb 24, 2026 MTU Aero Engines AG announced that they will report fiscal year 2025 results at 8:00 AM, Central European Standard Time on Feb 24, 2026 Announcement • Oct 24
MTU Aero Engines AG Reaffirms Earnings Guidance for the Year 2025 MTU Aero Engines AG reaffirmed earnings guidance for the year 2025. For the year, the company reaffirmed its revenue outlook with expected group sales between EUR 8.6 billion and EUR 8.8 billion based on an average U.S. dollar exchange rate of USD 1.13 per EUR 1. Announcement • Mar 29
MTU Aero Engines AG to Report Q3, 2025 Results on Oct 23, 2025 MTU Aero Engines AG announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Feb 06
MTU Aero Engines AG to Report Fiscal Year 2024 Results on Feb 19, 2025 MTU Aero Engines AG announced that they will report fiscal year 2024 results at 8:00 AM, Central European Standard Time on Feb 19, 2025 Announcement • Feb 05
MTU Aero Engines AG to Report Q1, 2025 Results on May 06, 2025 MTU Aero Engines AG announced that they will report Q1, 2025 results on May 06, 2025 Announcement • Dec 18
MTU Aero Engines AG Announces CEO Changes At its meeting December 17, 2024, the Supervisory Board of MTU Aero Engines AG resolved to appoint Dr. Johannes Bussmann as Chief Executive Officer of MTU Aero Engines AG effective with the resignation of the current Chief Executive Officer, Mr. Lars Wagner. Dr. Bussmann is to assume this function in the near future. This is the Supervisory Board’s response to the announcement by CEO Lars Wagner that he will not be extending his mandate, which runs until December 31, 2025. Reported Earnings • Oct 27
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: €3.90 (up from €10.61 loss in 3Q 2023). Revenue: €1.90b (up 239% from 3Q 2023). Net income: €211.0m (up €779.0m from 3Q 2023). Profit margin: 11% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Price Target Changed • Oct 24
Price target increased by 7.1% to €294 Up from €275, the current price target is an average from 19 analysts. New target price is 5.7% below last closing price of €312. Stock is up 73% over the past year. The company is forecast to post earnings per share of €12.52 next year compared to a net loss per share of €1.90 last year. Announcement • Sep 26
MTU Aero Engines AG to Report Q2, 2025 Results on Jul 24, 2025 MTU Aero Engines AG announced that they will report Q2, 2025 results on Jul 24, 2025 Announcement • Sep 25
MTU Aero Engines AG to Report Fiscal Year 2024 Results on Mar 25, 2025 MTU Aero Engines AG announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Aug 03
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: €2.95 (up from €2.28 in 2Q 2023). Revenue: €1.74b (up 12% from 2Q 2023). Net income: €159.0m (up 31% from 2Q 2023). Profit margin: 9.1% (up from 7.8% in 2Q 2023). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 6.0%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • May 02
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: €2.35 (down from €2.47 in 1Q 2023). Revenue: €1.65b (up 6.9% from 1Q 2023). Net income: €126.0m (down 6.0% from 1Q 2023). Profit margin: 7.6% (down from 8.7% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 27
MTU Aero Engines AG to Report Nine Months, 2024 Results on Oct 24, 2024 MTU Aero Engines AG announced that they will report nine months, 2024 results on Oct 24, 2024 Reported Earnings • Mar 01
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: €1.90 loss per share (down from €6.20 profit in FY 2022). Revenue: €5.36b (flat on FY 2022). Net loss: €97.0m (down 129% from profit in FY 2022). Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Feb 25
Dividend of €2.00 announced Shareholders will receive a dividend of €2.00. Ex-date: 9th May 2024 Payment date: 13th May 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 473% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
MTU Aero Engines AG to Report Fiscal Year 2023 Results on Feb 29, 2024 MTU Aero Engines AG announced that they will report fiscal year 2023 results on Feb 29, 2024 Buy Or Sell Opportunity • Feb 22
Now 20% undervalued Over the last 90 days, the stock has risen 16% to €218. The fair value is estimated to be €273, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 22
MTU Aero Engines AG to Report First Half, 2024 Results on Aug 01, 2024 MTU Aero Engines AG announced that they will report first half, 2024 results on Aug 01, 2024 Announcement • Nov 10
MTU Aero Engines AG to Report Fiscal Year 2023 Final Results on Mar 25, 2024 MTU Aero Engines AG announced that they will report fiscal year 2023 final results on Mar 25, 2024 Announcement • Nov 09
MTU Aero Engines AG, Annual General Meeting, May 08, 2024 MTU Aero Engines AG, Annual General Meeting, May 08, 2024. Reported Earnings • Oct 31
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: €10.61 loss per share (down from €1.74 profit in 3Q 2022). Revenue: €560.0m (down 59% from 3Q 2022). Net loss: €568.0m (down €660.0m from profit in 3Q 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 51%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Announcement • Oct 24
MTU Aero Engines AG to Report Q3, 2023 Results on Oct 27, 2023 MTU Aero Engines AG announced that they will report Q3, 2023 results on Oct 27, 2023 Price Target Changed • Sep 25
Price target decreased by 7.4% to €222 Down from €240, the current price target is an average from 21 analysts. New target price is 37% above last closing price of €162. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of €6.26 for next year compared to €6.20 last year. Price Target Changed • Sep 18
Price target decreased by 7.9% to €225 Down from €244, the current price target is an average from 21 analysts. New target price is 28% above last closing price of €175. Stock is up 11% over the past year. The company is forecast to post earnings per share of €6.26 for next year compared to €6.20 last year. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €171, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €303 per share. Buying Opportunity • Aug 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be €268, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Announcement • Jul 27
MTU Aero Engines AG Reaffirms Earnings Guidance for the Year 2023 MTU Aero Engines AG reaffirmed earnings guidance for the year 2023. For the year, the company expects revenue remained unchanged as well at EUR 6.1 billion to EUR 6.3 billion with growth expectations for the segments largely unchanged with the exception of the military revenue outlook, which was increased from 10% to 15%. Reported Earnings • Jul 27
First half 2023 earnings released First half 2023 results: Revenue: €3.09b (up 25% from 1H 2022). Net income: €255.0m (up 114% from 1H 2022). Profit margin: 8.2% (up from 4.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. New Risk • Jul 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 05
Upcoming dividend of €3.20 per share at 1.4% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (1.4%). Reported Earnings • Mar 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: €6.20 (up from €4.16 in FY 2021). Revenue: €5.33b (up 27% from FY 2021). Net income: €331.0m (up 49% from FY 2021). Profit margin: 6.2% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 8.2%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Feb 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: €6.21 (up from €4.16 in FY 2021). Revenue: €5.33b (up 27% from FY 2021). Net income: €333.0m (up 50% from FY 2021). Profit margin: 6.2% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 8.2%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jan 22
MTU Aero Engines AG to Report Q4, 2022 Results on Feb 14, 2023 MTU Aero Engines AG announced that they will report Q4, 2022 results on Feb 14, 2023 Announcement • Nov 04
MTU Aero Engines AG, Annual General Meeting, May 11, 2023 MTU Aero Engines AG, Annual General Meeting, May 11, 2023. Reported Earnings • Jul 28
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: EPS: €1.24 (up from €0.98 in 2Q 2021). Revenue: €1.29b (up 27% from 2Q 2021). Net income: €66.0m (up 27% from 2Q 2021). Profit margin: 5.1% (in line with 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 21%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 29
Upcoming dividend of €2.10 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 10 May 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.0%). In line with average of industry peers (1.2%). Buying Opportunity • Mar 11
Now 22% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €248, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% per annum over the last 3 years. Earnings per share has declined by 44% per annum over the last 3 years. Reported Earnings • Feb 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €4.17 (up from €2.62 in FY 2020). Revenue: €4.19b (up 5.3% from FY 2020). Net income: €231.0m (up 66% from FY 2020). Profit margin: 5.5% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 24%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS €0.98 (vs €0.19 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.02b (up 31% from 2Q 2020). Net income: €52.0m (up 431% from 2Q 2020). Profit margin: 5.1% (up from 1.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 15
Upcoming dividend of €1.25 per share Eligible shareholders must have bought the stock before 22 April 2021. Payment date: 26 April 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%). Reported Earnings • Mar 11
Full year 2020 earnings released: EPS €2.62 (vs €9.23 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €3.98b (down 14% from FY 2019). Net income: €139.0m (down 71% from FY 2019). Profit margin: 3.5% (down from 10% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the Aerospace & Defense industry in Germany. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS €2.63 (vs €9.23 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €3.98b (down 14% from FY 2019). Net income: €147.0m (down 69% from FY 2019). Profit margin: 3.7% (down from 10% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 13%, compared to a 20% growth forecast for the Aerospace & Defense industry in Germany. Is New 90 Day High Low • Feb 20
New 90-day low: €189 The company is down 3.0% from its price of €195 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €237 per share. Is New 90 Day High Low • Dec 24
New 90-day high: €218 The company is up 60% from its price of €136 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €254 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €211 The company is up 31% from its price of €161 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €214 per share. Price Target Changed • Dec 03
Price target raised to €179 Up from €167, the current price target is an average from 19 analysts. The new target price is 13% below the current share price of €207. As of last close, the stock is down 20% over the past year. Price Target Changed • Nov 16
Price target raised to €152 Up from €140, the current price target is an average from 19 analysts. The new target price is 25% below the current share price of €203. As of last close, the stock is down 16% over the past year. Valuation Update With 7 Day Price Move • Nov 14
Market bids up stock over the past week After last week's 18% share price gain to €193, the stock is trading at a trailing P/E ratio of 39.1x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 21x in the Aerospace & Defense industry in Europe. Total returns to shareholders over the past three years are 37%. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 27% share price gain to €191, the stock is trading at a trailing P/E ratio of 26.7x, up from the previous P/E ratio of 21x. This compares to an average P/E of 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders over the past three years are 37%. Is New 90 Day High Low • Oct 24
New 90-day high: €167 The company is up 13% from its price of €148 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €191 per share.