MTU Aero Engines stock closes at EUR 369.90 as cash flow rises

Published on 09/28/2026 at 12:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MTU Aero Engines stock closed at EUR 369.90 on September 25, 2026, while first-half revenue reached EUR 4.7 billion. Bernstein sees a EUR 450.00 target.

Fotorealistisches Turbofan-Triebwerk unter einem Flugzeugflügel in einer industriellen Wartungshalle; Techniker in blauer Arbeitskleidung laufen neben Gerüsten, warmes Deckenlicht spiegelt sich im polierten Triebwerksgehäuse — Fotorealistisches Turbofan-Triebwerk an Verkehrsmaschine in Wartungshalle. MTU Aero Engines AG, ISIN DE000A0D9PT0, Illustration mit AI erstellt.

MTU Aero Engines stock (ISIN DE000A0D9PT0) closed at EUR 369.90 on Xetra on September 25, 2026, up 0.49 percent for the session. The stock remains 8.62 percent below its 52-week high of EUR 404.80, while first-half results and contrasting analyst targets define the current investor debate.

Cash conversion improves sharply

According to Yahoo Finance in the Q2 2026 earnings call, MTU reported first-half revenue of EUR 4.7 billion, an increase of 13 percent from the prior-year period. Adjusted EBIT rose 5 percent to EUR 692 million, producing an adjusted EBIT margin of 14.8 percent.

Free cash flow reached EUR 294 million in the first half of 2026, up 39 percent year over year. MTU also raised its full-year cash conversion guidance to 50-60 percent from 45-55 percent, making cash generation the clearest quantified improvement in the latest operating update.

Analysts split on the target

Bernstein Research kept its Outperform rating and EUR 450.00 price target in a September 22, 2026 analysis, according to finanzen.net. That target stands 21.66 percent above the Xetra closing price.

The counterpoint came from UBS. As Finanznachrichten reported on September 17, 2026, the bank maintained Sell with a EUR 320.00 target after an investor conference. UBS also pointed to MTU's planned capital markets day at the end of November, where longer-term business development is expected to be discussed.

Stock stays below its yearly high

MTU's market capitalization stood at EUR 19.3 billion on September 25, 2026. The 52-week range was EUR 265.20 to EUR 404.80, placing the latest close above the midpoint but below the yearly peak.

Bernstein's analysis also identified October 29, 2026, as the scheduled date for MTU's third-quarter 2026 financial results. For investors, the next checkpoint is therefore the combination of cash conversion progress, GTF program execution and the next quarterly comparison.