Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Montana Aerospace AG is a Switzerland-based manufacturer specializing in the design, development, and production of complex lightweight components and structures for the aerospace industry. Headquartered in Reinach, the company focuses on mission-critical aerostructures, including structural parts for fuselages, wings, and landing gear up to 20 meters long, critical engine components enduring high thermal and mechanical stresses, and cabin interior elements. It leverages multi-material expertise in aluminum, titanium, hard metals, superalloys, special steels, and composites, supported by proprietary patented alloys like 2043 and 7136. As a vertically integrated full-service provider, Montana Aerospace operates one-stop-shops with processes from raw material melting and recycling to final assembly, spanning 16 production sites across 10 countries in Europe, America, and Asia to support a local-to-local strategy for global OEMs and Tier 1 suppliers. Beyond aerospace, it serves e-mobility with battery housings and crash management systems, and energy sectors via copper components like continuously transposed conductors and Roebel bars. Emphasizing sustainability, the company recycles 100% of aluminum scrap, optimizes processes to cut CO2 emissions, and aims for carbon-neutral production by 2035, employing around 6,222 people worldwide. Montana Aerospace plays a pivotal role in advancing efficient, eco-friendly mobility solutions through innovation and supply chain optimization.
Operating margin is thin at 6.54%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 34.4% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from 5.21% to 3.07%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€989M
▼ -34.4% YoY
Net Income (TTM)
€2M
▼ -108.5% YoY
Op. Margin
6.64%
▲ +2.0pp YoY
ROIC
3.07%
▼ -2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€110M
▲ +198.3% YoY
Op. Cash Flow (TTM)
€81M
▲ +202.6% YoY
Net Debt
€113M
Cash & Equiv.
€113M
3Y CAGR: +5.4%
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