MTU Aero Engines AG (DE:MTX)
XETRA:MTX
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MTU Aero Engines
(XETRA:MTX)
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Rating:62Neutral
Price Target:
€351.00
▲(1.42% Upside)
Action:DowngradedDate:03/29/26
The score is supported by improved financial performance in 2025, including stronger profitability and a free-cash-flow rebound. However, technicals are the main drag, with the stock in a pronounced downtrend and weak momentum despite oversold readings. Valuation is reasonable but not compelling, and the dividend yield is low.
Positive Factors
Profitability rebound & margin expansion
MTU delivered a meaningful profitability recovery in 2025 with material margin expansion. Higher margins reflect improved operational efficiency and pricing power on both OEM and aftermarket work, increasing durable earnings power versus prior loss-year volatility.
Negative Factors
Historic earnings volatility & prior loss
MTU's earnings have shown material cyclicality, including a 2023 loss, indicating sensitivity to program timing, deliveries and warranty/one-off items. This variability complicates planning for capital allocation and makes multi-period earnings less predictable for stakeholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound & margin expansion
MTU delivered a meaningful profitability recovery in 2025 with material margin expansion. Higher margins reflect improved operational efficiency and pricing power on both OEM and aftermarket work, increasing durable earnings power versus prior loss-year volatility.
Read all positive factors
MTU Aero Engines (MTX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€15.69B
Dividend Yield0.62%
Average Volume (3M)116.41K
Price to Earnings (P/E)18.8
Beta (1Y)1.13
Revenue Growth18.24%
EPS Growth60.48%
CountryDE
Employees12,892
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)4.14
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
€383.62Price Target Upside10.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)18.46
Revenue Forecast (FY)€9.51B
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
Neutral
346.10
Price Trends
348.72
Negative
357.09
Negative
366.16
Negative
Market Momentum
-1.86
Negative
57.40
Neutral
73.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MTX, the sentiment is Neutral. The current price of 346.1 is above the 20-day moving average (MA) of 319.77, below the 50-day MA of 348.72, and below the 200-day MA of 366.16, indicating a neutral trend. The MACD of -1.86 indicates Negative momentum. The RSI at 57.40 is Neutral, neither overbought nor oversold. The STOCH value of 73.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | €5.31B | 45.14 | 12.09% | 0.51% | 21.37% | ― | |
62 Neutral | €15.69B | 18.80 | 26.38% | 0.62% | 18.24% | 60.48% | |
62 Neutral | €63.10B | 101.47 | 14.96% | 0.53% | 1.89% | -7.46% | |
57 Neutral | €8.79B | 7.53 | 12.23% | 3.56% | 5.36% | -3.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €5.40B | 53.43 | 22.72% | 0.80% | 19.79% | 88.22% | |
54 Neutral | €8.91B | 95.25 | 9.97% | 0.68% | 9.60% | -17.59% |
* General Sector Average
DE:MTX
MTU Aero Engines
291.30
-25.55
-8.06%
DE:LHA
Deutsche Lufthansa
7.33
1.31
21.72%
DE:OHB
OHB SE
278.00
207.55
294.63%
DE:RHM
Rheinmetall
1,355.80
-212.26
-13.54%
DE:HAG
HENSOLDT AG
77.12
9.31
13.74%
DE:R3NK
RENK Group AG
53.97
1.37
2.59%
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.