MTU Aero Engines AG
MTX: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€242.00 | Kqpc | Hmfrchkk |
MTU Earnings: Adjusted Results in Line With Our Expectations
Wide-moat MTU Aero Engines confirmed full-year guidance despite headwinds related to new issues with the performance of geared turbofan engines. We maintain our fair value estimate on the back of management's preliminary assessment that these new issues will have a limited impact on EBIT and cash flow, but we have growing concerns about reputational costs affecting future share on Airbus' A320neo.