Added to YB: 2026-04-08
Pitch date: 2026-04-05
AERO.SW [bullish]
Montana Aerospace AG
-3.56%
current return
Author Info
Company Info
Montana Aerospace AG design, develop, and manufacture system components and complex assemblies worldwide and complex assemblies worldwide.
Market Cap
CHF 1.6B
Pitch Price
CHF 23.90
Price Target
35.00 (+52%)
Dividend
N/A
EV/EBITDA
10.16
P/E
90.50
EV/Sales
1.66
Sector
Aerospace and Defense
Category
value
Markets in turmoil: Sifting the debris (Montana Aerospace - AERO.SW)
AERO.SW: Vertically-integrated aerostructures supplier riding aircraft production upcycle. FY26E €185M EBITDA, FY27E €210M. Trading 7.4-8.3x FY26-27 EV/EBITDA vs peers 10-13x & recent M&A 13x. 0.8x net leverage→net cash FY26. Margins expanding 18%→19% FY27→30% LT. 50% EBITDA-FCF conversion FY27. ~35% upside to 10x FY27 EBITDA. Risks: 100% civil aero exposure, prolonged ME crisis disrupting deliveries.
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