Melrose Industries (MRO) Stock Overview
Designs and delivers aerospace components and systems for civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
MRO Community Fair Values
Create NarrativeSee what 47 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Melrose Industries PLC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£4.71 |
| 52 Week High | UK£6.85 |
| 52 Week Low | UK£4.43 |
| Beta | 0.86 |
| 1 Month Change | -6.95% |
| 3 Month Change | -2.89% |
| 1 Year Change | -8.93% |
| 3 Year Change | -4.64% |
| 5 Year Change | -9.42% |
| Change since IPO | -95.14% |
Recent News & Updates
Narrative Update • Jun 17
MRO: Future Cash Returns Will Reflect Resilient Buybacks Despite Factory Incident Uncertainty
Analysts have trimmed their price target on Melrose Industries shares from £5.70 to £4.70, citing increased uncertainty after the recent factory incident and a shift to more cautious assumptions across revenue growth, profit margins and the future P/E multiple. Analyst Commentary Recent research on Melrose Industries highlights a mix of caution around the factory incident and ongoing questions about how much investors should be willing to pay for the stock on a P/E basis.Narrative Update • Jun 02
MRO: Future Cash Returns Will Reflect Resilient Buybacks And Dividend Policy
Narrative Update The analyst price target for Melrose Industries has been reduced from £5.70 to £4.70. Analysts point to uncertainty following a recent factory incident and a reset of assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E.Analysis Article • May 14
Is There Now An Opportunity In Melrose Industries PLC (LON:MRO)?
Melrose Industries PLC ( LON:MRO ), might not be a large cap stock, but it received a lot of attention from a...
Narrative Update • May 14
MRO: Execution On Cash Returns And P/E Assumptions Will Shape Balanced Prospects
Narrative Update The analyst price target for Melrose Industries has been trimmed to around £4.70 from about £4.72, with analysts citing refreshed coverage, mixed target revisions, and updated assumptions on discount rate, revenue growth, profit margins, and future P/E to support the change. Analyst Commentary Recent Street research on Melrose Industries presents a split view, with some bullish voices alongside more cautious updates.Recent updates
Narrative Update • Jun 17
MRO: Future Cash Returns Will Reflect Resilient Buybacks Despite Factory Incident Uncertainty
Analysts have trimmed their price target on Melrose Industries shares from £5.70 to £4.70, citing increased uncertainty after the recent factory incident and a shift to more cautious assumptions across revenue growth, profit margins and the future P/E multiple. Analyst Commentary Recent research on Melrose Industries highlights a mix of caution around the factory incident and ongoing questions about how much investors should be willing to pay for the stock on a P/E basis.Narrative Update • Jun 02
MRO: Future Cash Returns Will Reflect Resilient Buybacks And Dividend Policy
Narrative Update The analyst price target for Melrose Industries has been reduced from £5.70 to £4.70. Analysts point to uncertainty following a recent factory incident and a reset of assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E.Analysis Article • May 14
Is There Now An Opportunity In Melrose Industries PLC (LON:MRO)?
Melrose Industries PLC ( LON:MRO ), might not be a large cap stock, but it received a lot of attention from a...Narrative Update • May 14
MRO: Execution On Cash Returns And P/E Assumptions Will Shape Balanced Prospects
Narrative Update The analyst price target for Melrose Industries has been trimmed to around £4.70 from about £4.72, with analysts citing refreshed coverage, mixed target revisions, and updated assumptions on discount rate, revenue growth, profit margins, and future P/E to support the change. Analyst Commentary Recent Street research on Melrose Industries presents a split view, with some bullish voices alongside more cautious updates.Narrative Update • Apr 23
MRO: Execution On Margin And P/E Assumptions Will Guide Balanced Return Potential
Melrose Industries' updated analyst price target has shifted slightly, with a modest move in fair value supported by small adjustments to discount rate, growth, margin and future P/E assumptions. This reflects a mix of recent neutral stances and differing target moves from £5.70 to £7.63 in recent research.Narrative Update • Apr 09
MRO: Future Cash Returns Will Reflect Rising Earnings Visibility From Buybacks And Dividend Policy
Analysts have adjusted their blended price target for Melrose Industries to account for Deutsche Bank's lower target of £5.70 and Citi's higher target of £7.63, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research shows a split in how analysts frame the risk and reward around Melrose Industries, with some lifting fair value assumptions while others take a more cautious stance when updating discount rates, revenue growth and margin inputs.Narrative Update • Mar 25
MRO: Future P/E And Margin Delivery Will Shape Balanced Return Potential
Narrative Update Analysts have adjusted their fair value estimate for Melrose Industries slightly lower to £4.71 from £4.83, reflecting updated views on revenue growth, profit margins and future P/E assumptions in light of recent target moves that include a cut to £5.70 at Deutsche Bank and a lift to £7.63 at Citi. Analyst Commentary Recent research points to a mixed backdrop for Melrose Industries, with some optimism on the upside but also clear caution around how current expectations stack up against execution and growth risks.Narrative Update • Mar 09
MRO: Future Cash Returns Will Reflect Improved Earnings Visibility And Repriced Risk Premium
Analysts recently lifted their price target on Melrose Industries to £7.63 from £7.35, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E expectations. Analyst Commentary Analysts lifting the price target to £7.63 suggests they see enough support in their updated assumptions on discount rates, revenue, margins and future P/E to justify a higher valuation range for Melrose Industries.Narrative Update • Feb 23
MRO: Future Cash Returns Will Reflect Balanced Execution And Sector Repricing Risks
Analysts have slightly increased their fair value estimate for Melrose Industries, supported by a higher Street price target of £7.63, up from £7.35, after revisiting assumptions on the discount rate, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street commentary around Melrose Industries focuses on how the updated fair value work lines up with the new price target of £7.63, up from £7.35.Narrative Update • Feb 09
MRO: Higher P/E Expectations Will Likely Pressure Shares If Margins Disappoint
Analysts have lifted their fair value estimate for Melrose Industries from £6.00 to £7.50 per share, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that align with recent Street research. Analyst Commentary The revised £7.50 fair value is broadly in line with the updated 750 GBp price target highlighted in recent Street research, which reflects refreshed assumptions on growth, margins and valuation multiples.Narrative Update • Jan 26
MRO: Future Cash Returns Will Rise As Earnings Outlook And Execution Risks Balance
Analysts have nudged their fair value estimate for Melrose Industries slightly lower to £7.02 per share, even as they lift their price target to £7.50, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E expectations. Analyst Commentary JPMorgan has raised its price target for Melrose Industries to 750 GBp from 600 GBp, which sits slightly above the updated fair value estimate of £7.02 per share.
Narrative Update • Jan 11
MRO: Raised Fair Value And Margin Outlook Will Support Stronger Share Repricing
Analysts have lifted their fair value estimate for Melrose Industries to £8.40 from £8.25, aligning it with a higher £7.50 price target cited in recent research and supported by updated views on growth, margins and a lower future P/E assumption. Analyst Commentary Bullish analysts are flagging recent changes in expectations around Melrose Industries as a positive signal for sentiment on the shares, especially given the alignment between higher fair value estimates and updated price targets.Narrative Update • Dec 26
MRO: Future Cash Returns Will Rise As Earnings Outlook Strengthens
Analysts have raised their price target on Melrose Industries from £6.00 to £7.50 per share, citing a slightly higher expected future earnings multiple and continued confidence in the company’s long term growth and profitability profile. Analyst Commentary Following the latest target price increase to 750 GBp, bullish analysts point to both an improving earnings outlook and a higher justified valuation multiple, while more cautious voices focus on execution risks and the durability of end market demand.Analysis Article • Dec 17
Is Now The Time To Look At Buying Melrose Industries PLC (LON:MRO)?
While Melrose Industries PLC ( LON:MRO ) might not have the largest market cap around , it saw significant share price...Narrative Update • Dec 12
MRO: Near-Term Capital Returns Will Accelerate With Strengthening European Aerospace Demand
Analysts have nudged their average price target for Melrose Industries higher, citing improved revenue growth and margin expectations along with a slightly lower implied future P/E. This lifts their estimate of fair value from approximately £7.00 to about £7.08 per share.Analysis Article • Nov 29
Is Melrose Industries PLC (LON:MRO) Trading At A 43% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Melrose Industries fair value estimate is UK£10.38 Melrose...Narrative Update • Nov 28
MRO: Near-Term Capital Returns Will Accelerate Amid European Aerospace Recovery
Melrose Industries’ analyst price target has been raised significantly, now standing at between 730 and 750 GBp. This reflects improved revenue growth forecasts, stronger profit margins, and positive sentiment from analysts regarding the company's strategic positioning in the recovering European aerospace market. Analyst Commentary Recent analyst reports indicate heightened optimism around Melrose Industries, with notable adjustments to price targets and ratings.Narrative Update • Nov 12
MRO: Exposure to European Aerospace Will Drive Capital Returns Amid Easing Volatility
Analysts have raised their price target for Melrose Industries, with some increasing expectations by up to £0.35 per share. They cite strengthening travel demand and the company's attractive position within the European aerospace sector as reasons for this adjustment.Analysis Article • Nov 11
Is Melrose Industries (LON:MRO) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Narrative Update • Oct 29
European Aerospace Demand And Share Buybacks Will Support Capital Return Yield
Analysts have increased their price target for Melrose Industries, raising fair value by £0.10 to £6.83 per share. This adjustment is attributed to improved capital return prospects and growing demand in the European aerospace sector.Narrative Update • Oct 14
Advanced Manufacturing And Lightweight Materials Will Fuel Future Aerospace Success
Analysts have raised their price targets for Melrose Industries, with the fair value estimate increasing from £6.58 to £6.73. This is due to recovery in the European aerospace market and expectations for strong near-term capital returns.Narrative Update • Sep 10
Advanced Manufacturing And Lightweight Materials Will Fuel Future Aerospace Success
Melrose Industries’ fair value saw a marginal increase, as reflected by a slightly higher consensus analyst price target, primarily driven by a modest uptick in its Future P/E multiple. What's in the News Interim dividend increased by 20% to 2.4 pence per share.Analysis Article • Aug 21
Is Now An Opportune Moment To Examine Melrose Industries PLC (LON:MRO)?
Melrose Industries PLC ( LON:MRO ), might not be a large cap stock, but it led the LSE gainers with a relatively large...Analysis Article • Jul 17
Melrose Industries PLC's (LON:MRO) Shares May Have Run Too Fast Too Soon
There wouldn't be many who think Melrose Industries PLC's ( LON:MRO ) price-to-sales (or "P/S") ratio of 1.9x is worth...
New Narrative • Mar 09
Investments In Engines Capability And Additive Fabrication Will Drive Future Success
Strategic restructuring and business realignment aim to boost margins and cash flow, driving strong earnings and profitability growth.Shareholder Returns
| MRO | GB Aerospace & Defense | GB Market | |
|---|---|---|---|
| 7D | 1.8% | 5.8% | 0.9% |
| 1Y | -8.9% | 28.0% | 17.7% |
Return vs Industry: MRO underperformed the UK Aerospace & Defense industry which returned 28% over the past year.
Return vs Market: MRO underperformed the UK Market which returned 17.7% over the past year.
Price Volatility
| MRO volatility | |
|---|---|
| MRO Average Weekly Movement | 5.9% |
| Aerospace & Defense Industry Average Movement | 5.8% |
| Market Average Movement | 5.6% |
| 10% most volatile stocks in GB Market | 11.1% |
| 10% least volatile stocks in GB Market | 3.1% |
Stable Share Price: MRO has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: MRO's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | 12,808 | Peter Dilnot | www.melroseplc.net |
Melrose Industries PLC, together with its subsidiaries, designs and delivers aerospace components and systems for civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Engines and Airframes segments. The Engines segment offers structural engineered components; parts repair; commercial and aftermarket contracts; engine mount structures; fan cases and turbine cases; and shafts and rotating components to engines original equipment manufacturers.
Melrose Industries PLC Fundamentals Summary
| MRO fundamental statistics | |
|---|---|
| Market cap | UK£6.03b |
| Earnings (TTM) | UK£370.00m |
| Revenue (TTM) | UK£3.59b |
15.9x
P/E Ratio1.6x
P/S RatioIs MRO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MRO income statement (TTM) | |
|---|---|
| Revenue | UK£3.59b |
| Cost of Revenue | UK£2.64b |
| Gross Profit | UK£954.00m |
| Other Expenses | UK£584.00m |
| Earnings | UK£370.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Jul 31, 2026
| Earnings per share (EPS) | 0.30 |
| Gross Margin | 26.58% |
| Net Profit Margin | 10.31% |
| Debt/Equity Ratio | 55.9% |
How did MRO perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield25%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 00:19 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Melrose Industries PLC is covered by 21 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Hurn | Barclays |
| Milene Kerner | Barclays |
| Richard Paige | Barclays |