Professional
Added to YB: 2024-10-14
Pitch date: 2024-10-09
MRO.L [bullish]
Melrose Industries PLC
+29.91%
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 4.31
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 New Position: Melrose Industries PLC
MRO.L: Melrose Industries, former PE firm, acquired GKN in 2018. Shed all but aerospace div, now holding co for GKN Aerospace. 20% avg annual ROE 2005-2023. New CEO Peter Dilnot (ex-Danaher, military). £5.9bn mkt cap, £1.24bn net debt. Temporary headwinds create attractive valuation opportunity.
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