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Meggitt PLC (MGGT) is a leading aerospace & defense business based in the UK. It opened the day at 313.2p after a previous close of 305.1p. During the day the price has varied from a low of 312.5362p to a high of 331.3p. The latest price was 324p (25 minute delay). Meggitt is listed on the London Stock Exchange (LSE) and employs 12,599 staff. All prices are listed in pence sterling.
Since the stock market crash in March caused by coronavirus, Meggitt's share price has had significant negative movement.
Its last market close was 320p, which is 48.04% down on its pre-crash value of 615.8p and 63.14% up on the lowest point reached during the March crash when the shares fell as low as 196.15p.
If you had bought £1,000 worth of Meggitt shares at the start of February 2020, those shares would have been worth £359.56 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £469.63.
|52-week range||196.15p - 701.8p|
|50-day moving average||286.148p|
|200-day moving average||381.446p|
|Wall St. target price||577.07p|
|Dividend yield||0.17p (2.21%)|
|Earnings per share (TTM)||28.3p|
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2020-08-03)||N/A|
|1 month (2020-07-10)||N/A|
|3 months (2020-05-10)||N/A|
|6 months (2020-02-10)||N/A|
|1 year (2019-08-10)||N/A|
|2 years (2018-08-10)||N/A|
|3 years (2017-08-10)||N/A|
|5 years (2015-08-10)||N/A|
Valuing Meggitt stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meggitt's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Meggitt's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Meggitt shares trade at around 10x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Meggitt's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.3757. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meggitt's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Meggitt's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £495 million.
The EBITDA is a measure of a Meggitt's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||£2.3 billion|
|Operating margin TTM||16.01%|
|Gross profit TTM||£797.6 million|
|Return on assets TTM||4.74%|
|Return on equity TTM||8.99%|
|Market capitalisation||£2.1 billion|
TTM: trailing 12 months
Dividend payout ratio: 59.72% of net profits
Recently Meggitt has paid out, on average, around 59.72% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.21% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Meggitt shareholders could enjoy a 2.21% return on their shares, in the form of dividend payments. In Meggitt's case, that would currently equate to about 0.17p per share.
Meggitt's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 19 March 2020 (the "ex-dividend date").
Over the last 12 months, Meggitt's shares have ranged in value from as little as 196.15p up to 701.8p. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while Meggitt's is 0.8831. This would suggest that Meggitt's shares are less volatile than average (for this exchange).
Meggitt PLC designs and manufactures components and sub-systems in the United Kingdom, rest of Europe, the United States, and internationally. The company operates through four segments: Airframe Systems, Engine Systems, Energy & Equipment, and Services & Support. It offers ice protection products, radomes, and structures; air data and flight display products; brake control and tyre pressure monitoring systems, and wheels and brakes; engine health and vibration monitors, H2/O2 analyzers, and turbine monitoring and protection products; and aircraft cameras and security systems, and wireless aircraft systems. The company also provides ammunition handling, thermal, weapon scoring, and weapon training systems; energy storage, power conversion and distribution, and power generation systems; ducting systems, engine composites, and flow control valves; and fire protection and controls comprising bleed air leak detection products, cables and clamps, electronic control units, fire and overheat detection products, and fire suppression products. In addition, it offers ground fuelling, and fuel systems and tanks; motion control actuators, electric motor drives, and electric motors; oxygen and specialty restraint safety systems; and accelerometers, ceramics, fluid sensors, magnetic and current sensors, position and inertial sensors, pressure sensors, speed sensors, and temperature sensors. Further, the company provides polymer seals; heat exchangers, printed circuit heat exchangers, thermal components, and thermal management systems; and live fire and virtual trainers, as well as aftermarket services. It serves aerospace, defense, and energy and equipment markets. The company was formerly known as Meggitt Holdings Public Limited Company and changed its name to Meggitt PLC in April 1989. Meggitt PLC was founded in 1947 and is based in Christchurch, the United Kingdom.
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