MGGT Stock Overview
Meggitt PLC designs and manufactures components and sub-systems in the United Kingdom, rest of Europe, the United States, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£7.33|
|52 Week High||UK£8.46|
|52 Week Low||UK£3.83|
|1 Month Change||-0.87%|
|3 Month Change||-2.27%|
|1 Year Change||75.49%|
|3 Year Change||43.73%|
|5 Year Change||70.70%|
|Change since IPO||688.17%|
Recent News & Updates
Meggitt (LON:MGGT) Has A Somewhat Strained Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|MGGT||GB Aerospace & Defense||GB Market|
Return vs Industry: MGGT exceeded the UK Aerospace & Defense industry which returned 26.5% over the past year.
Return vs Market: MGGT exceeded the UK Market which returned 8.7% over the past year.
|MGGT Average Weekly Movement||0.6%|
|Aerospace & Defense Industry Average Movement||4.2%|
|Market Average Movement||5.0%|
|10% most volatile stocks in GB Market||10.7%|
|10% least volatile stocks in GB Market||2.5%|
Stable Share Price: MGGT is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: MGGT's weekly volatility has decreased from 9% to 1% over the past year.
About the Company
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, Engine Systems, Energy & Equipment, and Services & Support. It offers ice protection products, radomes, and structures; air data and flight display products; brake control and tyre pressure monitoring systems, and wheels and brakes; engine health and vibration monitors, H2/O2 analyzers, and turbine monitoring and protection products; and aircraft cameras and security systems, and wireless aircraft systems.
Meggitt Fundamentals Summary
|MGGT fundamental statistics|
Is MGGT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MGGT income statement (TTM)|
|Cost of Revenue||UK£1.00b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Mar 03, 2022
|Earnings per share (EPS)||0.075|
|Net Profit Margin||4.04%|
How did MGGT perform over the long term?See historical performance and comparison
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 (£7.33) is trading below our estimate of fair value (£7.36)
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 poor value based on its PE Ratio (97.8x) compared to the UK Aerospace & Defense industry average (22x).
PE vs Market: MGGT is poor value based on its PE Ratio (97.8x) compared to the UK market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: MGGT is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: MGGT is overvalued based on its PB Ratio (2.8x) compared to the GB Aerospace & Defense industry average (2.3x).
How is Meggitt forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGGT's forecast earnings growth (34.1% per year) is above the savings rate (0.9%).
Earnings vs Market: MGGT's earnings (34.1% per year) are forecast to grow faster than the UK market (12.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MGGT's revenue (10.6% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: MGGT's revenue (10.6% 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 (13.6%).
How has Meggitt performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGGT has a large one-off loss of £60.2M impacting its June 30 2021 financial results.
Growing Profit Margin: MGGT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MGGT's earnings have declined by 40.6% per year over the past 5 years.
Accelerating Growth: MGGT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MGGT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (19.6%).
Return on Equity
High ROE: MGGT's Return on Equity (2.8%) is considered low.
How is Meggitt's financial position?
Financial Position Analysis
Short Term Liabilities: MGGT's short term assets (£904.7M) exceed its short term liabilities (£501.8M).
Long Term Liabilities: MGGT's short term assets (£904.7M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: MGGT's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: MGGT's debt to equity ratio has reduced from 58.7% to 38.6% over the past 5 years.
Debt Coverage: MGGT's debt is well covered by operating cash flow (24%).
Interest Coverage: MGGT's interest payments on its debt are well covered by EBIT (5.7x coverage).
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 serves as a Non-executive Director a...
CEO Compensation Analysis
Compensation vs Market: Tony's total compensation ($USD1.20M) is below average for companies of similar size in the UK market ($USD2.24M).
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 (4.2 years average tenure).
Experienced Board: MGGT's board of directors are considered experienced (5.1 years average tenure).
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 employee growth, exchange listings and data sources
- Name: Meggitt PLC
- Ticker: MGGT
- Exchange: LSE
- Founded: 1947
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: UK£5.709b
- Shares outstanding: 778.91m
- Website: https://www.meggitt.com
Number of Employees
- Meggitt PLC
- Ansty Business Park
- Pilot Way
- West Midlands
- CV7 9JU
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 21:17|
|End of Day Share Price||2022/01/21 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.