Professional
Added to YB: 2025-10-29
Pitch date: 2025-10-27
MRO.L [neutral]
Melrose Industries PLC
-11.97%
current return
Author Info
No bio for this author
Company Info
Melrose Industries PLC, together with its subsidiaries, designs and delivers aerospace components and systems for civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally.
Market Cap
GBP 8.1B
Pitch Price
GBP 6.36
Price Target
N/A
Dividend
1.00%
EV/EBITDA
11.48
P/E
26.05
EV/Sales
2.83
Sector
Aerospace and Defense
Category
turnaround
Alphyn Capital Management Portfolio Holding: Melrose Industries PLC
MRO.L (holding update): H1 2025 showed 29% op profit growth, £91M YOY FCF improvement vs consensus. Defense repricing completed 6mo early, boosting Structures margins. Restructuring ending by year-end removes cash drag. Engines division holds 19 RRSPs covering ~70% global flying hours. GTF programs turning cash-positive by 2028, creating multi-decade annuity stream.
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