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 ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020 2021E
Sales ($m) 565 472 *** *** ***
EBITDA ($m) 234 87 *** *** ***
Net Income ($m) 107 27 *** *** ***
Net Debt ($m) 1 40 *** *** ***
Indicator 2017 2018 2019 2020 2021E
P/E 3.87 15.11 *** *** ***
P/Sales 0.73 0.88 *** *** ***
EV/EBITDA 1.8 5.3 *** *** ***
P/Book 0.58 0.57 *** *** ***

Latest news about Motor Sich

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.
Mar 12, 2021
| Aircraft engines

Motor Sich — Authorities decide on nationalization

The National Security and Defense Council (NSDC) approved yesterday a decision to nationalize aircraft engine producer Motor Sich (MSICH), NSDC Secretary Oleksiy Danilov said. He added the procedure would be carried out in a ”lawful and constitutional manner,” with investors in the company to be compensated. He also said that other Ukrainian defense sector companies that had been privatized in an opaque fashion would be nationalized.
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