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MTU Aero Engines
(XETRA:MTX)
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Rating:72Outperform
Price Target:
€420.00
▲(21.35% Upside)
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
A clear 2025 uplift in revenue and margins indicates improved operating leverage and execution on higher‑margin program and aftermarket activity. Sustained margin expansion strengthens earnings resilience, funds reinvestment in MRO and R&D, and improves long‑term cash flow generation capacity.
Negative Factors
Earnings volatility
Documented profit swings and a prior loss highlight sensitivity to program timing, production rates and demand cycles. Persistent volatility complicates multi‑period planning, increases execution risk on long OEM contracts, and reduces predictability of sustainable earnings and cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
A clear 2025 uplift in revenue and margins indicates improved operating leverage and execution on higher‑margin program and aftermarket activity. Sustained margin expansion strengthens earnings resilience, funds reinvestment in MRO and R&D, and improves long‑term cash flow generation capacity.
Read all positive factors
MTU Aero Engines (MTX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€20.40B
Dividend Yield0.62%
Average Volume (3M)116.41K
Price to Earnings (P/E)18.4
Beta (1Y)1.20
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
€376.83Price Target Upside8.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)18.48
Revenue Forecast (FY)€9.55B
MTU Aero Engines Business Overview & Revenue Model
Company Description
MTU Aero Engines AG, a German company headquartered in Munich and established in 1913, specializes in the design, production, distribution, and upkeep of commercial and military aircraft engines, alongside aero-derivative industrial gas turbines. ...
How the Company Makes Money
MTU primarily makes money through a mix of original equipment (OE) participation in aero-engine programs and recurring aftermarket services. (1) Original equipment / program participation: MTU typically participates as a risk-and-revenue-sharing p...
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 | 1.02B | 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 | 2.36B | 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
Positive
346.10
Price Trends
312.10
Positive
325.65
Positive
345.75
Positive
Market Momentum
17.92
Negative
76.82
Negative
90.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:MTX, the sentiment is Positive. The current price of 346.1 is above the 20-day moving average (MA) of 338.89, above the 50-day MA of 312.10, and above the 200-day MA of 345.75, indicating a bullish trend. The MACD of 17.92 indicates Negative momentum. The RSI at 76.82 is Negative, neither overbought nor oversold. The STOCH value of 90.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | €20.40B | 18.40 | 26.38% | 0.62% | 18.24% | 60.48% | |
64 Neutral | €4.68B | 41.46 | 25.11% | 0.80% | 17.16% | 102.59% | |
61 Neutral | €51.01B | 70.26 | 14.85% | 0.53% | -8.66% | -8.96% | |
61 Neutral | €8.73B | 88.46 | 10.96% | 0.68% | 10.84% | 7.53% | |
58 Neutral | €11.99B | 7.62 | 13.67% | 3.56% | 4.96% | 26.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €6.20B | 94.95 | 12.99% | 0.51% | 22.46% | 1398400.00% |
* General Sector Average
DE:MTX
MTU Aero Engines
378.60
6.87
1.85%
DE:LHA
Deutsche Lufthansa
9.98
2.99
42.76%
DE:OHB
OHB SE
297.00
224.90
311.91%
DE:RHM
Rheinmetall
1,093.40
-691.76
-38.75%
DE:HAG
HENSOLDT AG
75.58
-24.99
-24.85%
DE:R3NK
RENK Group AG
46.80
-20.49
-30.45%
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.