Analyst Research Report Snapshot

Title:

MEGGITT - UPSIDE POTENTIAL

Price:

$10.00

Provider:

Edison Investment Research

Date:

03 Jun 2009

Pages:

2

Type:

AcrobatPDF

Companies referenced:

MGGT.L

Available for Immediate Download
Summary:

The issues are clear – debt, currency and civil aerospace. Management is working to offset the downside and smooth the effects. There are few listed exposures to the aerospace cycle in the UK and this has added to the volatility of the share price. Expectations are that the key metrics will remain stable through the current turmoil as management action and currency gains offset the poor fundamentals. Valuation remains low at 5.8x EV/EBITDA, less than 7x forward P/E and a well covered yield of 5.3% leaving scope for recovery as evidence of delivery builds. FOR MORE INFORMATION ON THE ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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