Meggitt PLC

Meggitt is the parent company of a group whose principal activities are the design and manufacture of components and sub-systems for aerospace, defense and other markets. Co. has five segments: Meggitt Aircraft Braking Systems, a providers of aircraft wheels, brakes and brake control systems; Meggitt Control Systems, which comprised of aircraft fire protection and control systems; Meggitt Polymers and Composites, which comprised of engine and aerodynamic seals, flexible fuel tanks and fuel systems; Meggitt Sensing Systems, a provider sensing and monitoring systems for aircraft; and Meggitt Equipment Group, which include unique heat transfer equipment for hydrocarbon processing.
  • TickerMGGT
  • ISINGB0005758098
  • ExchangeLondon Stock Exchange
  • SectorAerospace & Defense
  • CountryUnited Kingdom

Analysts

Meggitt – Proxinvest Corporate Governance Rating ® : A

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...

MarketLine Department

Ultra Electronics Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Ultra Electronics 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 Ultra Electronics Holdings Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its c...

MarketLine Department

Esterline Technologies Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Esterline Technologies Corporation 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 Esterline Technologies Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to susta...

MEGGITT PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MEGGITT PLC. (GB), a company active in the Aerospace industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 11, 2019, the closing price was GBp 497.40 and its potential was estimated at GBp 543.48.

Denise Molina

Morningstar | Meggitt Company Report

Meggitt is a global engineering company specializing in high-performance components and subsystems for the aerospace, defence, and energy markets, with highly engineered equipment on over 47,000 aircraft. This significant and expanding installed base provides the firm with an aftermarket revenue stream stretching out for decades. More than 50% of revenue is derived from higher-margin aftermarket services, which we view as evidence of sticky customer relationships, supporting our narrow moat rating.The Meggitt Aircraft Braking Systems, or MABS, business (19% of revenue and close to 40% of group...

Denise Molina

Morningstar | Meggitt Company Report

Meggitt is a global engineering company specializing in high-performance components and subsystems for the aerospace, defence, and energy markets, with highly engineered equipment on over 47,000 aircraft. This significant and expanding installed base provides the firm with an aftermarket revenue stream stretching out for decades. More than 50% of revenue is derived from higher-margin aftermarket services, which we view as evidence of sticky customer relationships, supporting our narrow moat rating.The Meggitt Aircraft Braking Systems, or MABS, business (19% of revenue and close to 40% of group...

Denise Molina

Meggitt Company Report

After updating our sales estimates for Meggitt and accounting for the time value of money, we are increasing our fair value estimate to GBX 660 per share (from GBX 630). We maintain our narrow moat rating. We increase our aftersales growth estimates for 2018 to 9% (previously 5.3%) and for 2019 to 7% (up from 5.5%) on the back of data points revealed at Meggitt’s third-quarter trading statement and conference call regarding increased utilisation on a stellar growing fleet of aircraft in operatio...

Jeffrey Vonk

Morningstar | Meggitt’s FVE Raised as Higher Utilization on Expanding Installed Base Fuels Aftermarket Sales. See Updated Analyst Note from 17 Oct 2018

After updating our sales estimates for Meggitt and accounting for the time value of money, we are increasing our fair value estimate to GBX 660 per share (from GBX 630). We maintain our narrow moat rating. We increase our aftersales growth estimates for 2018 to 9% (previously 5.3%) and for 2019 to 7% (up from 5.5%) on the back of data points revealed at Meggitt’s third-quarter trading statement and conference call regarding increased utilisation on a stellar growing fleet of aircraft in operation with Meggitt equipment installed. Despite recent strong share price accretion, we still believe t...

Jeffrey Vonk

Meggitt’s FVE Raised as Higher Utilization on Expanding Installed Base Fuels Aftermarket Sales

After updating our sales estimates for Meggitt and accounting for the time value of money, we are increasing our fair value estimate to GBX 660 per share (from GBX 630). We maintain our narrow moat rating. We increase our aftersales growth estimates for 2018 to 9% (previously 5.3%) and for 2019 to 7% (up from 5.5%) on the back of data points revealed at Meggitt’s third-quarter trading statement and conference call regarding increased utilisation on a stellar growing fleet of aircraft in operatio...

Jeffrey Vonk

Morningstar | Stellar Order Growth for Meggitt in First Half and Interim Dividend Up 5%

Narrow-moat Meggitt reported strong half-year sales of GBP 952 million, up 9% after correction for disposals and currency effects versus the year-ago period. Revenue was in line with our expectations, and 11% growth in civil aerospace aftermarket sales over the first six months supports our view that the market share price does not fully reflect the firm's growth and profitability recovery potential, as Meggitt benefits from an improved outlook for defence, our expected strong upcycle in civil aircraft deliveries, and high utilisation of large aircraft following air traffic growth north of 5% ...

A director bought 20,000 shares at 449p and

A director at Meggitt bought 20,000 shares at 449p and the significance rating of the trade was 53/100. 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 names of board members a...

MEGGITT PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MEGGITT PLC. (GB), a company active in the Aerospace industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 11, 2019, the closing price was GBp 497.40 and its potential was estimated at GBp 543.48.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Ultra Electronics Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Ultra Electronics 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 Ultra Electronics Holdings Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its c...

MarketLine Department

Esterline Technologies Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Esterline Technologies Corporation 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 Esterline Technologies Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to susta...

MarketLine Department

Babcock International Group Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

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MarketLine Department

Meggitt PLC – Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Summary Leisure and Arts Key Findings Leisure and Arts Leisure and Arts Reasons To Buys MarketLine Key Highlights United Kingdom

Strategic Defence Intelligence Department

Meggitt PLC : Aerospace and Defense - Company Profile, SWOT & Financial Analysis

Synopsis Strategic Defence Intelligence's "Meggitt PLC : 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 to access key info...

Meggitt – Proxinvest Corporate Governance Rating ® : A

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...

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