MTU Aero Engines AG

MTU Aero Engines manufacturers engine modules and components, and providers MRO (Maintenance, Repair and Overhaul) services for commercial aero engines. Co.'s activities range through the development, construction, testing and production of new commercial and military engines and spare parts, through to maintenance, repair and overhaul of commercial and military engines. Co.'s segments comprised of: OEM business (Original Equipment Manufacturing), which covers new commercial engines, including spare parts, and the whole of the military sector; and MRO business, which engaged in commercial maintenance activities covering the areas of maintenance and logistical support for commercial engines.
  • TickerA0D9PT
  • ISINDE000A0D9PT0
  • SectorAerospace & Defense
  • CountryGermany

Analysts

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 21/05/2019

...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Elections in India: Team Rafale keenly awaiting election results

>Election results due on 23 May - The parliamentary elections in India to elect the 543 MPs who will chose the future Prime Minister are due to end on 19 May, after six weeks of voting. Votes will only be counted on 23 May by the electoral commission which will announce the results the same day. The battle is being fought between the Bharatiya Janata Party, led by the current Prime Minister Narendra Modi, and its main opposition, Rahul Gandhi’s Congress Party. Given t...

Andreea Matysiak

Morningstar | Launching Coverage of MTU Aero Engines With Wide Moat Rating and FVE of EUR 165; Shares Expensive

We are initiating coverage of MTU Aero Engines, a Tier 1 engine supplier with development responsibilities through partnerships with Pratt & Whitney and General Electric, with wide, stable moat ratings and a EUR 165 fair value estimate that implies 2019 adjusted P/E and EBITDA multiples of 18 times and 11 times, respectively. Current share prices are about 25% above our fair value. Engine manufacturers like MTU are competitively well-positioned in the complex aerospace supply chain. The potential risk of airframers, such as Airbus and Boeing, to develop additional aircraft manufacturing activ...

Andreea Matysiak

Morningstar | Initiating Coverage on MTU Aero Engines With a Wide Moat and FVE of EUR 165; shares overvalued

MTU Aero Engines is one of the few independent Tier 1 aerospace engine suppliers, and also a contractual partner, sharing economic risk and reward with the well-known engine manufacturers like Pratt & Whitney and General Electric. MTU is in the sweet spot of the aftermarket cycle, benefiting from an aging V2500 fleet, 70% of which have not had their first heavy shop visit. These mounting maintenance needs should drive demand for high-margin spare parts in the coming years. Pratt & Whitney’s new geared turbofan engine, or GTF, has a margin-dilutive effect on MTU’s earnings that should diminish ...

Andreea Matysiak

Initiating Coverage on MTU Aero Engines With a Wide Moat and FVE of EUR 165; shares overvalued

MTU Aero Engines is one of the few independent Tier 1 aerospace engine suppliers, and also a contractual partner, sharing economic risk and reward with the well-known engine manufacturers like Pratt & Whitney and General Electric. MTU is in the sweet spot of the aftermarket cycle, benefiting from an aging V2500 fleet, 70% of which have not had their first heavy shop visit. These mounting maintenance needs should drive demand for high-margin spare parts in the coming years. Pratt & Whitne...

MTU Aero Engines AG: Update following outlook change to stable

Our credit view on MTU reflects improved operating performance in the last two years and results in rating stabilization.

Moody's changes outlook on MTU Aero Engines AG's Baa3 rating to stable from negative; affirms rating

Moody's Investors Service, (Moody's) has today affirmed the Baa3 issuer rating of the Germany's leading aircraft engines manufacturer MTU Aero Engines AG's (MTU). At the same time Moody's has changed the outlook to stable from negative. "Our decision to change the outlook on MTU's...

Moody's changes outlook on MTU Aero Engines AG's Baa3 rating to stable from negative; affirms rating

Moody's Investors Service, (Moody's) has today affirmed the Baa3 issuer rating of the Germany's leading aircraft engines manufacturer MTU Aero Engines AG's (MTU). At the same time Moody's has changed the outlook to stable from negative. "Our decision to change the outlook on MTU's Ba...

MTU Aero Engines AG: Higher Adjusted EBIT and FCF Guidance for 2017 Imply MTU is On Track To Reduce Leverage As Per our Forecasts

CORPORATES ISSUER COMMENT 1 August 2017 Contacts Jeanine Arnold 49-69-70730-789 Vice President - Senior Credit Officer [email protected] Anke Rindermann 49-69-70730-788 Associate Managing Director [email protected] MTU Aero Engines AG Higher Adjusted EBIT and FCF Guidance for 2017 Imply MTU is On Track To Reduce Leverage As Per our Forecasts On 28 July in its H1-17 results (30 Jun

MTU Aero Engines AG - December 2016 (Annual): Peer Snapshot

Peer Snapshot: MTU Aero Engines AG - December 2016 (Annual) 11 April 2017 (in US millions) FYE Dec-14 FYE Dec-15 FYE Dec-16 FYE Dec-14 FYE Dec-15 LTM Jun-16 FYE Dec-14 FYE Dec-15 LTM Sep-16

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Elections in India: Team Rafale keenly awaiting election results

>Election results due on 23 May - The parliamentary elections in India to elect the 543 MPs who will chose the future Prime Minister are due to end on 19 May, after six weeks of voting. Votes will only be counted on 23 May by the electoral commission which will announce the results the same day. The battle is being fought between the Bharatiya Janata Party, led by the current Prime Minister Narendra Modi, and its main opposition, Rahul Gandhi’s Congress Party. Given t...

Andreea Matysiak

Morningstar | Launching Coverage of MTU Aero Engines With Wide Moat Rating and FVE of EUR 165; Shares Expensive

We are initiating coverage of MTU Aero Engines, a Tier 1 engine supplier with development responsibilities through partnerships with Pratt & Whitney and General Electric, with wide, stable moat ratings and a EUR 165 fair value estimate that implies 2019 adjusted P/E and EBITDA multiples of 18 times and 11 times, respectively. Current share prices are about 25% above our fair value. Engine manufacturers like MTU are competitively well-positioned in the complex aerospace supply chain. The potential risk of airframers, such as Airbus and Boeing, to develop additional aircraft manufacturing activ...

Andreea Matysiak

Morningstar | Initiating Coverage on MTU Aero Engines With a Wide Moat and FVE of EUR 165; shares overvalued

MTU Aero Engines is one of the few independent Tier 1 aerospace engine suppliers, and also a contractual partner, sharing economic risk and reward with the well-known engine manufacturers like Pratt & Whitney and General Electric. MTU is in the sweet spot of the aftermarket cycle, benefiting from an aging V2500 fleet, 70% of which have not had their first heavy shop visit. These mounting maintenance needs should drive demand for high-margin spare parts in the coming years. Pratt & Whitney’s new geared turbofan engine, or GTF, has a margin-dilutive effect on MTU’s earnings that should diminish ...

Andreea Matysiak

Initiating Coverage on MTU Aero Engines With a Wide Moat and FVE of EUR 165; shares overvalued

MTU Aero Engines is one of the few independent Tier 1 aerospace engine suppliers, and also a contractual partner, sharing economic risk and reward with the well-known engine manufacturers like Pratt & Whitney and General Electric. MTU is in the sweet spot of the aftermarket cycle, benefiting from an aging V2500 fleet, 70% of which have not had their first heavy shop visit. These mounting maintenance needs should drive demand for high-margin spare parts in the coming years. Pratt & Whitne...

Andreea Matysiak

Launching Coverage of MTU Aero Engines With Wide Moat Rating and FVE of EUR 165; Shares Expensive

We are initiating coverage of MTU Aero Engines, a Tier 1 engine supplier with development responsibilities through partnerships with Pratt & Whitney and General Electric, with wide, stable moat ratings and a EUR 165 fair value estimate that implies 2019 adjusted P/E and EBITDA multiples of 18 times and 11 times, respectively. Current share prices are about 25% above our fair value. Engine manufacturers like MTU are competitively well-positioned in the complex aerospace supply chain. The pote...

1 director sold

A director at MTU Aero Engines Holding sold 5,786 shares at 193.357EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 21/05/2019

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/17/2019

...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Delphine Brault
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/05/2019

...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2019

...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/02/2019

...

MTU Aero Engines AG

MTU Aero Engines AG

MTU Aero Engines AG

MTU Aero Engines AG

MTU Aero Engines AG

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

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Rolls-Royce Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Rolls-Royce Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Rolls-Royce Holdings Plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Rolls-Royce Holdings Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organ...

Strategic Defence Intelligence Department

MTU Aero Engines Holdings AG : Aerospace and Defense - Company Profile, SWOT & Financial Analysis

Synopsis Strategic Defence Intelligence's "MTU Aero Engines Holdings AG : Aerospace and Defense - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries as well as competitive benchmarking data. Summary This report is a crucial resource for industry executives and anyone looking t...

MTU Aero Engines April 11th, 2019

General: MTU Aero Engines is Germany’s leading engine manufacturer, with core competencies in low-pressure turbines, high-pressure compressors, turbine center frames, manufacturing processes and repair techniques. The Company plays a key role in the new engine market through its partnership in many international development, manufacturing and sales programmes, to which it contributes its high-tech components. One third of the global fleet of passenger airliners relies on components supplied by MTU Aero Engines. The Company is also one of the world’s top 5 providers of maintenance services for ...

MTU Aero Engines – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

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