MRO LN (Update)

Melrose Industries PLC

Industrial/Transportation


Presented:03/08/2024
Price:£6.02
Cap:$12.24B
Current Price:£4.18
Cap:$8.27B

Presented

Date03/08/2024
Price£6.02
Market Cap$12.24B
Ent Value$8.71B
P/E RatioN/A
Book ValueN/A
Div Yield1%
Shares O/S1,323.81M
Ave Daily Vol3,231,449
Short IntN/A

Current

Price£4.18
Market Cap$8.27B
Melrose Industries Plc engages in aerospace manufacturing and industrial businesses. It manufactures airframe and engine structures and electrical interconnection systems for the global aerospace industry, across both civil and defence platforms. The company develops, builds, and supplies an extensive range advanced aerospace systems, components and technologies, which are used in aircrafts ranging from business jets, helicopters, and military aircraft to single aisles and large passenger planes. Melrose Industries was founded in 2003 and is headquartered in London, the United Kingdom.

Please note, this is an update to Melrose Industries PLC (MRO LN) – Long, which was originally presented on 01/10/2024.

Publicly traded companies mentioned herein: Melrose Industries PLC (MRO LN)

Highlights

The presenter remains long shares of Melrose Industries PLC (MRO LN), the only aerospace company he can find trading ~15x next year’s earnings, which he forecasts at £0.38 – £0.40. MRO fell ~4% after reporting earnings on March 7th despite results that he considered solid, though there may have been fast money looking for stronger Q4 growth. 

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Idea Discussion

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