Motor Sich

Motor Sich (MSICH) is the largest producer of aircraft and helicopter engines in the CIS. The company manufactures engines for helicopters and airplanes. With aircrafts in some 100 countries being powered by MSICH engines, maintenance and repair services account for a large share of company sales.

Shareholders Structure

SUMMARY

Market Price ($) 199.8
Market Cap ($m) 415
Enterprise Value ($m) 452
Shares Outstanding 2,077,990
Code MSICH

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2018 2019 2020 2021 2022
Sales ($m) 472 390 *** *** ***
EBITDA ($m) 87 14 *** *** ***
Net Income ($m) 27 (27) *** *** ***
Net Debt ($m) 40 74 *** *** ***
Indicator 2018 2019 2020 2021 2022
P/E 15.11 neg. *** *** ***
P/Sales 0.88 1.06 *** *** ***
EV/EBITDA 5.3 35.1 *** *** ***
P/Book 0.57 0.51 *** *** ***

Latest news about Motor Sich

Nov 05, 2021
| Aircraft engines

Motor Sich — Stronger 9M21 performance and mixed 3Q21

Motor Sich (MSICH), the leading producer of aircraft and helicopter engines in the CIS and once a top local blue chip before a court order froze its shares over three years ago, reported 9M21 sales of $353m (+22% y-o-y), EBITDA of $62m (-25%) and net income of $33m (-4%). Net debt stood at $45m as of end-9M21, rising from $37m as of end-2020.
Mar 22, 2021
| Aircraft engines

Motor Sich — Court arrests assets and shares

A Kyiv court arrested 100% of shares and entire assets of Motor Sich (MSICH) as part of a probe conducted by the State Security Service (SSU). The assets were transferred under the management of the state Asset Recovery and Management Agency. The SSU said MSICH would continue to operate in the normal course of business.
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