MTU Aero Engines AG
MTX: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€626.00 | Kbk | Jkmstcm |
Increasing Our Fair Value Estimate for Wide-Moat MTU Aero Engines To EUR 252
Business Strategy and Outlook
MTU Aero Engines, a leading engine component supplier and independent maintenance, repair, and overhaul provider, is well positioned to benefit from the narrow-body aircraft industry's long-term growth outlook. Despite the COVID-19 impact on short- to medium-term demand, air travel has been resilient with a consistent recovery driven by leisure travel, demand for narrow-body aircraft, and China's reopening.