Meggitt (MGGT.L) stock price, revenue, and financials

Meggitt market cap is £3.9 b, and annual revenue was £1.68 b in FY 2020

£3.9 B

MGGT.L Mkt cap, 11-Jun-2021

£1.7 B

Meggitt Revenue FY, 2020
Meggitt Revenue growth (FY, 2019 - FY, 2020), %(26%)
Meggitt Gross profit (FY, 2020)483.5 M
Meggitt Gross profit margin (FY, 2020), %28.7%
Meggitt Net income (FY, 2020)-314.2 M
Meggitt EBIT (FY, 2020)-297.3 M
Meggitt Cash, 31-Dec-2020178.6 M
Meggitt EV4.6 B

Meggitt Revenue

Meggitt revenue was £1.68 b in FY, 2020 which is a 26% year over year decrease from the previous period.

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Meggitt Revenue Breakdown

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Meggitt revenue breakdown by business segment: 47.0% from Airframe Systems, 13.8% from Engine Systems, 19.8% from Energy & Equipment and 19.3% from Services & Support

Meggitt revenue breakdown by geographic segment: 70.3% from United States of America, 18.5% from Rest of Europe, 8.9% from UK and 2.3% from Other

Meggitt Income Statement

Annual

GBPFY, 2018FY, 2019FY, 2020

Revenue

2.1b2.3b1.7b

Revenue growth, %

3%9%(26%)

Cost of goods sold

1.3b1.5b1.2b

Gross profit

760.5m818.2m483.5m

Gross profit Margin, %

37%36%29%

R&D expense

138.3m118.5m97.9m

Operating expense total

503.9m541.9m818.3m

EBIT

256.6m325.3m(297.3m)

EBIT margin, %

12%14%(18%)

Interest expense

34.3m35.6m31.8m

Interest income

1.4m100.0k

Pre tax profit

216.1m286.7m(334.0m)

Income tax expense

37.1m64.1m(19.8m)

Net Income

179.0m222.6m(314.2m)

EPS

0.20.3(0.4)

Half Year

GBPH1, 2018H1, 2019H1, 2020

Revenue

952.2m1.1b916.8m

Cost of goods sold

607.8m697.0m656.6m

Gross profit

344.4m373.9m260.2m

Gross profit Margin, %

36%35%28%

R&D expense

65.7m64.9m55.7m

Operating expense total

220.6m282.5m644.3m

EBIT

123.8m91.4m(348.7m)

EBIT margin, %

13%9%(38%)

Interest expense

16.0m16.6m17.2m

Interest income

100.0k100.0k

Pre tax profit

105.2m72.6m(368.4m)

Income tax expense

14.8m16.0m(24.1m)

Net Income

90.4m56.6m(344.3m)

EPS

0.10.1(0.4)

Meggitt Balance Sheet

Annual

GBPFY, 2018FY, 2019FY, 2020

Cash

181.9m155.3m178.6m

Accounts Receivable

344.1m330.4m198.8m

Prepaid Expenses

23.1m18.2m12.5m

Inventories

441.2m489.8m426.9m

Current Assets

1.1b1.1b937.0m

PP&E

404.0m449.4m458.8m

Goodwill

2.0b2.0b1.5b

Total Assets

4.9b4.7b4.0b

Accounts Payable

195.0m222.0m131.4m

Short-term debt

26.3m235.8m25.2m

Current Liabilities

618.0m885.1m487.3m

Long-term debt

1.2b830.7m926.4m

Non-Current Liabilities

1.7b1.4b1.5b

Total Debt

1.3b1.1b951.6m

Total Liabilities

2.4b2.3b2.0b

Common Stock

38.8m38.8m39.0m

Additional Paid-in Capital

1.2b1.2b1.2b

Retained Earnings

720.2m750.4m402.4m

Total Equity

2.5b2.5b2.0b

Debt to Equity Ratio

0.5 x0.4 x0.5 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x

Financial Leverage

1.9 x1.9 x2 x

Half Year

GBPH1, 2018H1, 2019H1, 2020

Cash

103.7m116.4m236.9m

Inventories

452.7m492.2m521.2m

Current Assets

1.0b1.1b1.2b

PP&E

405.3m409.0m485.4m

Goodwill

2.0b2.0b1.7b

Total Assets

4.7b4.8b4.5b

Short-term debt

77.3m127.7m279.4m

Current Liabilities

632.3m694.9m800.2m

Long-term debt

1.1b1.1b957.7m

Non-Current Liabilities

1.7b1.7b1.6b

Total Debt

1.2b1.2b1.2b

Total Liabilities

2.3b2.4b2.4b

Common Stock

38.8m38.8m39.0m

Additional Paid-in Capital

1.2b1.2b1.2b

Retained Earnings

688.2m646.6m363.0m

Total Equity

2.4b2.4b2.2b

Debt to Equity Ratio

0.5 x0.5 x0.6 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x

Financial Leverage

2 x2 x2.1 x

Meggitt Cash Flow

Annual

GBPFY, 2018FY, 2019FY, 2020

Net Income

179.0m222.6m(314.2m)

Depreciation and Amortization

185.8m195.7m197.3m

Accounts Receivable

17.2m20.4m115.0m

Inventories

(33.5m)(75.6m)39.8m

Accounts Payable

30.0m29.3m(146.2m)

Cash From Operating Activities

295.3m366.9m154.2m

Purchases of PP&E

(52.6m)(77.2m)(80.8m)

Cash From Investing Activities

(96.0m)(49.7m)(22.0m)

Long-term Borrowings

(81.1m)(229.2m)(721.2m)

Dividends Paid

(124.2m)(130.4m)

Cash From Financing Activities

(142.4m)(340.3m)(101.2m)

Net Change in Cash

56.9m(23.1m)31.0m

Interest Paid

33.1m34.9m32.2m

Income Taxes Paid

20.0m14.4m42.1m

Half Year

GBPH1, 2018H1, 2019H1, 2020

Net Income

90.4m56.6m(344.3m)

Depreciation and Amortization

91.7m96.3m450.6m

Cash From Operating Activities

88.2m85.2m(50.5m)

Purchases of PP&E

(29.4m)(33.4m)(46.6m)

Cash From Investing Activities

(28.2m)(34.6m)28.2m

Long-term Borrowings

(100.7m)(44.5m)(302.6m)

Dividends Paid

(83.3m)(87.5m)

Cash From Financing Activities

(73.9m)(114.2m)93.8m

Net Change in Cash

(13.9m)(63.6m)71.5m

Interest Paid

15.5m16.2m16.6m

Income Taxes Paid

11.4m4.4m24.4m

Meggitt Ratios

GBPH1, 2018

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

2 x

Meggitt Operating Metrics

H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020

Order Volume

£1.09 b£2.24 b£1.19 b£2.47 b£882 m£1.55 b

Aircraft Installed Base

70 k71 k71 k73 k70 k

Aircraft Installed Base (In-service Civil)

48 k51 k48 k51 k

Aircraft Installed Base (Defence Aircraft)

22 k22 k22 k22 k22 k22 k

Aircraft Installed Base (Aircraft Braking Systems)

35 k35 k57 k

Book-to-Bill Ratio

113%108%113%109%90%88%

Meggitt Sustainability Metrics

 FY, 2020

Water Consumed

637.55 k cubic meters

Waste Generated

8.6 k tonnes

Total Recordable Incident Rate

0.7

Greenhouse Gas Emissions (Scope 1 and Scope 2)

87.06 k tonnes of carbon dioxide equivalent

Energy Consumption (Natural Gas)

158 GWh

Electricity Consumption

170 GWh

Meggitt Human Capital

FY, 2020FY, 2019FY, 2018
Female (Senior Managers), percent6%
Male, percent23.3%23%17.8%
Female, percent10%10.3%7.3%
Male (Board of Directors), percent18.7%20%17.5%
Male (Senior Managers), percent27.3%
Female (Board of Directors), percent14.7%13.3%7.5%
Female (Executive Team), percent27.3%20.5%
Male (Executive Team), percent6%
Male (Senior Executives), percent22.5%
Other7%

Meggitt Employee Rating

3.4645 votes
Culture & Values
3.3
Work/Life Balance
3.4
Senior Management
2.8
Salary & Benefits
3.4
Career Opportunities
3.1
Source