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Last €79.51 EUR
Change Today -0.53 / -0.66%
Volume 100.8K
As of 3:35 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mtu aero engines ag (MTX) Snapshot

Open
€80.09
Previous Close
€80.03
Day High
€80.68
Day Low
€78.82
52 Week High
04/15/15 - €97.43
52 Week Low
10/16/14 - €62.38
Market Cap
4.1B
Average Volume 10 Days
141.5K
EPS TTM
€4.17
Shares Outstanding
52.0M
EX-Date
04/16/15
P/E TM
19.1x
Dividend
€1.45
Dividend Yield
1.82%
Current Stock Chart for MTU AERO ENGINES AG (MTX)

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mtu aero engines ag (MTX) Details

MTU Aero Engines AG, together with its subsidiaries, develops, manufactures, markets, and supports commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany and internationally. It operates in two segments, Original Equipment Manufacturing; and Maintenance, Repair and Overhaul. The company manufactures, assembles, and delivers civil, commercial, and military aircraft engines and components, as well as geared turbofan engines and high-pressure compressors; and maintains, repairs, and overhauls aircraft engines, such as business jets, helicopters, and passenger and cargo aircraft, as well as engine module, parts, and accessories. It also offers brush seals and nickel blisks; line replaceable units and accessories; on-site services; engine leasing services; and fleet management and consultancy services. The company was formerly known as MTU Aero Engines Holding AG and changed its name to MTU Aero Engines AG in May 2013. MTU Aero Engines AG was founded in 1913 and is headquartered in Munich, Germany.

8,329 Employees
Last Reported Date: 07/22/15
Founded in 1913

mtu aero engines ag (MTX) Top Compensated Officers

Chief Executive Officer, Chief Financial Offi...
Total Annual Compensation: €990.0K
Chief Operating Officer and Member of Managem...
Total Annual Compensation: €655.9K
Chief Program Officer and Member of Managemen...
Total Annual Compensation: €575.4K
Compensation as of Fiscal Year 2014.

mtu aero engines ag (MTX) Key Developments

MTU Aero Engines AG Announces Earnings Results for the First Half Year Ended June 30, 2015; Increases Earnings Guidance for the Year 2015

MTU Aero Engines announced earnings results for the first half year ended June 30, 2015. For the period revenues of the company increased 21% to EUR 2,202.0 million compared to EUR 1,815.8 million reported in the same period last year. The group's operating profit grew 25% to EUR 212.8 million against EUR 170.7 million reported last year. Net income (calculated on a comparable basis) was EUR 147.2 million against EUR 111.0 million reported last year. Net income (reported) was EUR 104.0 million against EUR 83.9 million reported last year. Earnings per share (undiluted, reported) was EUR 2.04 against EUR 1.65 reported last year. At EUR 38.7 million, MTU's capital expenditure on property, plant and equipment changed little compared with EUR 39.3 million reported in the same period of the previous year. First half results have allowed the company to revise its full-year forecast. MTU now foresees revenues of around EUR 4,600 million for 2015, instead of the EUR 4,400 million predicted at the beginning of the year (2014: EUR 3,913.9 million). Adjusted EBIT is expected to rise to around EUR 430 million (2014: EUR 382.7 million) and adjusted net income to around EUR 295 million (2014: EUR 253.3 million). The corresponding amounts in MTU's original outlook were EUR 420 million for adjusted EBIT and EUR 285 million for adjusted net income.

MTU Maintenance Wins V2500 Maintenance Contract for Aruba Airlines

MTU Maintenance extended its customer base which now also includes a new operator from the Caribbean. The company has signed an exclusive all-round Total Engine Care (TEC) agreement on a fly-by-hour (FBH) basis with Aruba Airlines for the maintenance of the operator's V2500 engines. The contract will run for 10 years and includes engine MRO, spare engine and on-site support, MTUPlus Engine Trend Monitoring, accessory and LRU management as well as consultancy services. With more than 3,800 shop visits since the introduction of the V2500 to its portfolio and a market share of 37%, MTU Maintenance is the market leader on this engine type. MTU is also enjoying a world-class reputation for its MRO-related services, which help customers save costs while having their engine needs handled from a single source.

Pratt & Whitney, Japanese Aero Engines Corporation and MTU Aero Engines AG Sign Definitive Agreement for Forand Overhaul Network

Pratt & Whitney and its OEM collaborators, Japanese Aero Engines Corporation (JAEC) and MTU Aero Engines AG (MTU) signed a definitive agreement formalizing a maintenance, repair and overhaul (MRO) network through International Aero Engines LLC and naming initial locations where PW1100G-JM engine maintenance visits will be performed. PW1100G-JM engine maintenance locations include Pratt & Whitney's facility in Christchurch, New Zealand; MTU's maintenance center in Hanover, Germany; and JAEC's IHI Corporation overhaul center in Mizuho, Japan. Pratt & Whitney is working to expand its service network beyond its program partners. As the volume of shop visits grows, the overhaul capability will expand outside of the Pratt & Whitney partner network to include airline shops and independent maintenance, repair and overhaul shops as appropriate.

 

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Industry Analysis

MTX

Industry Average

Valuation MTX Industry Range
Price/Earnings 19.2x
Price/Sales 1.0x
Price/Book 3.4x
Price/Cash Flow 19.5x
TEV/Sales 0.7x
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