MTU Aero Engines AG (DE:MTX)
XETRA:MTX
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MTU Aero Engines
(XETRA:MTX)
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Rating:72Outperform
Price Target:
€306.00
▼(-11.59% Downside)
Action:Upgraded
Date:05/07/26
The score is driven primarily by improving financial performance in 2025 (profitability and free-cash-flow rebound) and supportive valuation (low P/E). These positives are tempered by weaker technical signals (below key moving averages and negative MACD) and the business’s history of earnings/cash-flow variability.
Positive Factors
Profitability rebound
Material margin expansion in 2025 signals improving operating efficiency and pricing or cost control that can persist beyond a single year. Higher sustainable margins strengthen internal cash generation, buffer the company through cycles, and support reinvestment in R&D and MRO capabilities.
Negative Factors
Earnings volatility
Significant swing to a 2023 loss highlights program timing, reserve charges or demand sensitivity. Such earnings volatility reduces predictability of profits and cash flow, complicates multi-year planning for capital allocation, and raises execution risk on new program deliveries.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
Material margin expansion in 2025 signals improving operating efficiency and pricing or cost control that can persist beyond a single year. Higher sustainable margins strengthen internal cash generation, buffer the company through cycles, and support reinvestment in R&D and MRO capabilities.
Read all positive factors
MTU Aero Engines (MTX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€15.48B
Dividend Yield0.62%
Average Volume (3M)116.41K
Price to Earnings (P/E)9.3
Beta (1Y)1.17
Revenue Growth18.24%
EPS Growth60.48%
CountryDE
Employees12,892
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)20.31
Shares Outstanding53,909,160
10 Day Avg. Volume106,201
30 Day Avg. Volume116,408
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)4.48
Price to Sales (P/S)2.21
P/FCF Ratio38.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€373.54Price Target Upside7.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)18.42
Revenue Forecast (FY)€9.53B
MTU Aero Engines Business Overview & Revenue Model
Company Description
MTU Aero Engines AG, together with its subsidiaries, develops, manufactures, markets, and maintains commercial and military engines, and aero derivative industrial gas turbines in Germany, other European countries, North America, Asia, and interna...
How the Company Makes Money
MTU primarily makes money through two major activities: (1) OEM (new engine) business and (2) aftermarket services (MRO).
1) OEM (new engine) revenue
- Program participation / risk-and-revenue sharing: MTU commonly participates in major engine pr...
MTU Aero Engines Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
72
Positive
Cash Flow
76
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.76B | 7.41B | 5.36B | 5.33B | 4.19B |
| Gross Profit | 1.69B | 1.23B | 125.00M | 855.00M | 586.00M |
| EBITDA | 1.66B | 1.22B | 196.00M | 677.00M | 623.00M |
| Net Income | 1.03B | 633.00M | -102.00M | 331.00M | 222.00M |
Balance Sheet | |||||
| Total Assets | 13.22B | 12.48B | 10.20B | 9.23B | 8.30B |
| Cash, Cash Equivalents and Short-Term Investments | 1.26B | 2.60B | 1.54B | 1.21B | 885.00M |
| Total Debt | 2.43B | 2.83B | 1.27B | 1.30B | 1.31B |
| Total Liabilities | 8.85B | 9.06B | 7.27B | 6.12B | 5.54B |
| Stockholders Equity | 4.31B | 3.36B | 2.86B | 3.03B | 2.68B |
Cash Flow | |||||
| Free Cash Flow | 504.00M | 74.00M | 365.00M | 326.00M | 200.00M |
| Operating Cash Flow | 848.00M | 714.00M | 777.00M | 728.00M | 567.00M |
| Investing Cash Flow | -485.00M | -603.00M | -420.00M | -400.00M | -345.00M |
| Financing Cash Flow | -838.00M | 736.00M | -294.00M | -224.00M | -276.00M |
MTU Aero Engines Technical Analysis
Negative
346.10
Price Trends
309.89
Negative
341.44
Negative
353.46
Negative
Market Momentum
-9.80
Positive
37.75
Neutral
10.45
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MTX, the sentiment is Negative. The current price of 346.1 is above the 20-day moving average (MA) of 290.32, above the 50-day MA of 309.89, and below the 200-day MA of 353.46, indicating a bearish trend. The MACD of -9.80 indicates Positive momentum. The RSI at 37.75 is Neutral, neither overbought nor oversold. The STOCH value of 10.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:MTX.
MTU Aero Engines Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €15.48B | 9.32 | 26.38% | 0.62% | 18.24% | 60.48% | |
62 Neutral | €4.78B | 82.50 | 25.11% | 0.80% | 17.16% | 102.59% | |
61 Neutral | €10.14B | -114.89 | 10.96% | 0.68% | 10.84% | 7.53% | |
59 Neutral | €10.92B | 129.70 | 12.09% | 0.51% | 22.46% | 1421500.00% | |
59 Neutral | €57.41B | 150.11 | 14.85% | 0.53% | -8.66% | -8.96% | |
58 Neutral | €9.52B | -3.25 | 13.67% | 3.56% | 4.96% | 26.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:MTX
MTU Aero Engines
287.40
-52.50
-15.45%
DE:LHA
Deutsche Lufthansa
7.92
1.50
23.34%
DE:OHB
OHB SE
570.00
502.93
749.82%
DE:RHM
Rheinmetall
1,233.60
-543.64
-30.59%
DE:HAG
HENSOLDT AG
87.80
9.26
11.79%
DE:R3NK
RENK Group AG
47.81
-21.41
-30.94%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.