MTU Aero Engines AG
MTX: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|y< | LOCK|WN? | LOCK|jDq%Rx |
Lowering Our Fair Value Estimate for MTU Aero Engines To EUR 225 Due To Engine Inspection Issues
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 COVID-19's 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.
