Meggitt PLC designs and manufactures components and sub-systems in the United Kingdom, rest of Europe, the United States, and internationally. More Details
No risks detected for MGGT from our risk checks.
Reasonable growth potential with mediocre balance sheet.
Share Price & News
How has Meggitt's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGGT is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MGGT's weekly volatility (6%) has been stable over the past year.
7 Day Return
GB Aerospace & Defense
1 Year Return
GB Aerospace & Defense
Return vs Industry: MGGT exceeded the UK Aerospace & Defense industry which returned 9.1% over the past year.
Return vs Market: MGGT exceeded the UK Market which returned 24.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Meggitt's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StMeggitt (LON:MGGT) Will Be Looking To Turn Around Its Returns
1 month ago | Simply Wall StIs Meggitt (LON:MGGT) Using Too Much Debt?
1 month ago | Simply Wall StIs Now The Time To Look At Buying Meggitt PLC (LON:MGGT)?
Is Meggitt undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MGGT (£4.85) is trading below our estimate of fair value (£5.89)
Significantly Below Fair Value: MGGT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MGGT is unprofitable, so we can't compare its PE Ratio to the UK Aerospace & Defense industry average.
PE vs Market: MGGT is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MGGT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MGGT is good value based on its PB Ratio (1.9x) compared to the GB Aerospace & Defense industry average (2x).
How is Meggitt forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGGT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: MGGT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MGGT's is expected to become profitable in the next 3 years.
Revenue vs Market: MGGT's revenue (7% per year) is forecast to grow faster than the UK market (5.2% per year).
High Growth Revenue: MGGT's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGGT's Return on Equity is forecast to be low in 3 years time (12.9%).
How has Meggitt performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGGT is currently unprofitable.
Growing Profit Margin: MGGT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MGGT is unprofitable, and losses have increased over the past 5 years at a rate of 33.4% per year.
Accelerating Growth: Unable to compare MGGT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MGGT is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (3.3%).
Return on Equity
High ROE: MGGT has a negative Return on Equity (-15.46%), as it is currently unprofitable.
How is Meggitt's financial position?
Financial Position Analysis
Short Term Liabilities: MGGT's short term assets (£937.0M) exceed its short term liabilities (£487.3M).
Long Term Liabilities: MGGT's short term assets (£937.0M) do not cover its long term liabilities (£1.5B).
Debt to Equity History and Analysis
Debt Level: MGGT's debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: MGGT's debt to equity ratio has reduced from 54.9% to 39.7% over the past 5 years.
Debt Coverage: MGGT's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: MGGT is unprofitable, therefore interest payments are not well covered by earnings.
What is Meggitt current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MGGT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MGGT'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 MGGT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MGGT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MGGT is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MGGT's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Anthony Wood, also known as Tony, has been Chief Executive of Meggitt PLC since January 1, 2018 and has been its Executive Director since December 1, 2016. Mr. Wood served as Chief Operating Officer of...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD1.25M) is below average for companies of similar size in the UK market ($USD2.10M).
Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.
Experienced Management: MGGT's management team is considered experienced (3.5 years average tenure).
Experienced Board: MGGT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MGGT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Meggitt PLC's company bio, employee growth, exchange listings and data sources
- Name: Meggitt PLC
- Ticker: MGGT
- Exchange: LSE
- Founded: 1947
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: UK£3.771b
- Shares outstanding: 778.23m
- Website: https://www.meggitt.com
Number of Employees
- Meggitt PLC
- Ansty Business Park
- Pilot Way
- West Midlands
- CV7 9JU
- United Kingdom
Meggitt PLC designs and manufactures components and sub-systems in the United Kingdom, rest of Europe, the United States, and internationally. The company operates in four segments: Airframe Systems, Engin...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/13 01:33|
|End of Day Share Price||2021/05/12 00:00|
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.