Buy Or Sell Opportunity • 12h
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €190. The fair value is estimated to be €240, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 62%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). Director Anton Breitkopf was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 27
MBB SE, Annual General Meeting, Jun 03, 2026 MBB SE, Annual General Meeting, Jun 03, 2026, at 10:00 W. Europe Standard Time. Annonce • Apr 01
MBB SE announces Annual dividend, payable on June 08, 2026 MBB SE announced Annual dividend of EUR 1.2100 per share payable on June 08, 2026, ex-date on June 04, 2026 and record date on June 05, 2026. Annonce • Jan 06
MBB SE to Report Fiscal Year 2026 Results on Dec 31, 2026 MBB SE announced that they will report fiscal year 2026 results on Dec 31, 2026 Board Change • Dec 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). Director Anton Breitkopf was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • May 12
MBB SE, Annual General Meeting, Jun 17, 2025 MBB SE, Annual General Meeting, Jun 17, 2025, at 10:00 W. Europe Standard Time. Annonce • Apr 01
MBB SE announces Annual dividend, payable on June 20, 2025 MBB SE announced Annual dividend of EUR 1.1100 per share payable on June 20, 2025, ex-date on June 18, 2025 and record date on June 19, 2025. Annonce • Jan 16
MBB SE to Report Fiscal Year 2024 Results on Mar 31, 2025 MBB SE announced that they will report fiscal year 2024 results on Mar 31, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: €0.76 (vs €0.24 in 3Q 2023) Third quarter 2024 results: EPS: €0.76 (up from €0.24 in 3Q 2023). Revenue: €302.8m (up 13% from 3Q 2023). Net income: €4.05m (up 194% from 3Q 2023). Profit margin: 1.3% (up from 0.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €1.40 (vs €0.31 in 2Q 2023) Second quarter 2024 results: EPS: €1.40 (up from €0.31 in 2Q 2023). Revenue: €268.3m (up 17% from 2Q 2023). Net income: €7.47m (up 323% from 2Q 2023). Profit margin: 2.8% (up from 0.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 05
Price target increased by 14% to €123 Up from €108, the current price target is an average from 3 analysts. New target price is 20% above last closing price of €103. Stock is up 31% over the past year. The company is forecast to post earnings per share of €4.85 for next year compared to €2.12 last year. Upcoming Dividend • Jun 20
Upcoming dividend of €1.01 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.6%). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €1.02 (vs €0.10 loss in 1Q 2023) First quarter 2024 results: EPS: €1.02 (up from €0.10 loss in 1Q 2023). Revenue: €214.7m (up 2.7% from 1Q 2023). Net income: €5.77m (up €6.36m from 1Q 2023). Profit margin: 2.7% (up from net loss in 1Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 28
Dividend increased to €1.01 Dividend of €1.01 is 1.0% higher than last year. Ex-date: 11th June 2024 Payment date: 13th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is well covered by cash flows (7% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 64% to bring the payout ratio under control. EPS is expected to grow by 92% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €2.12 (up from €2.02 in FY 2022). Revenue: €994.3m (up 8.1% from FY 2022). Net income: €12.2m (up 3.3% from FY 2022). Profit margin: 1.2% (down from 1.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 15
Price target increased by 9.2% to €106 Up from €97.33, the current price target is an average from 4 analysts. New target price is 25% above last closing price of €84.70. Stock is down 15% over the past year. The company is forecast to post earnings per share of €2.30 for next year compared to €2.02 last year. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: €0.24 (vs €1.19 in 3Q 2022) Third quarter 2023 results: EPS: €0.24 (down from €1.19 in 3Q 2022). Revenue: €272.5m (up 2.9% from 3Q 2022). Net income: €1.37m (down 80% from 3Q 2022). Profit margin: 0.5% (down from 2.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 31
Price target decreased by 13% to €97.33 Down from €113, the current price target is an average from 2 analysts. New target price is 31% above last closing price of €74.50. Stock is down 22% over the past year. The company is forecast to post earnings per share of €1.87 for next year compared to €2.02 last year. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: €0.31 (vs €0.62 in 2Q 2022) Second quarter 2023 results: EPS: €0.31 (down from €0.62 in 2Q 2022). Revenue: €234.7m (up 12% from 2Q 2022). Net income: €1.77m (down 51% from 2Q 2022). Profit margin: 0.8% (down from 1.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Jun 07
Upcoming dividend of €1.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: €208.3m (up 16% from 1Q 2022). Net loss: €595.0k (loss widened 372% from 1Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Industrials industry in Europe. Price Target Changed • Apr 18
Price target increased by 17% to €113 Up from €96.00, the current price target is provided by 1 analyst. New target price is 38% above last closing price of €81.40. Stock is down 34% over the past year. The company is forecast to post earnings per share of €2.39 for next year compared to €2.02 last year. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: €2.02 (vs €1.96 loss in FY 2021) Full year 2022 results: EPS: €2.02 (up from €1.96 loss in FY 2021). Revenue: €935.6m (up 35% from FY 2021). Net income: €11.8m (up €23.3m from FY 2021). Profit margin: 1.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Price Target Changed • Feb 10
Price target decreased by 15% to €127 Down from €149, the current price target is an average from 2 analysts. New target price is 45% above last closing price of €87.50. Stock is down 31% over the past year. The company is forecast to post earnings per share of €11.09 next year compared to a net loss per share of €1.96 last year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €85.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Industrials industry in Europe. Total returns to shareholders of 29% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Anton Breitkopf was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: €0.62 (vs €1.00 in 2Q 2021) Second quarter 2022 results: EPS: €0.62 (down from €1.00 in 2Q 2021). Revenue: €213.3m (up 24% from 2Q 2021). Net income: €3.62m (down 37% from 2Q 2021). Profit margin: 1.7% (down from 3.3% in 2Q 2021). Over the next year, revenue is forecast to grow 5.7%, compared to a 5.7% growth forecast for the Industrials industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 24
Upcoming dividend of €1.98 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.0%). Reported Earnings • May 16
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: €0.02 loss per share (up from €3.34 loss in 1Q 2021). Revenue: €180.2m (up 16% from 1Q 2021). Net loss: €127.0k (loss narrowed 99% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 11%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chief Investment Officer & Executive Director Torben Teichler was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: €1.96 loss per share (down from €2.14 profit in FY 2020). Revenue: €709.7m (flat on FY 2020). Net loss: €11.6m (down 191% from profit in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 8.7%, compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 05
Third quarter 2021 earnings: EPS exceeds analyst expectations Third quarter 2021 results: EPS: €0.12 (down from €0.25 in 3Q 2020). Revenue: €185.2m (up 1.9% from 3Q 2020). Net income: €731.0k (down 50% from 3Q 2020). Profit margin: 0.4% (down from 0.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 48%. Earnings per share (EPS) surpassed analyst estimates by 48%. Over the next year, revenue is forecast to grow 7.5%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS €0.97 (vs €0.12 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €182.0m (up 14% from 2Q 2020). Net income: €5.74m (up €5.03m from 2Q 2020). Profit margin: 3.2% (up from 0.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Executive Departure • Jul 01
Chief Operating Officer Klaus Seidel has left the company On the 30th of June, Klaus Seidel's tenure as Chief Operating Officer ended after 3.0 years in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. Upcoming Dividend • Jun 03
Upcoming dividend of €1.76 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 11 June 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.5%). Reported Earnings • May 27
First quarter 2021 earnings released: €3.35 loss per share (vs €0.47 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €155.4m (down 13% from 1Q 2020). Net loss: €19.9m (down €22.7m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS €2.14 (vs €4.44 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €716.1m (up 17% from FY 2019). Net income: €12.7m (down 53% from FY 2019). Profit margin: 1.8% (down from 4.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 05
Price target raised to €139 Up from €119, the current price target is an average from 5 analysts. The new target price is close to the current share price of €139. As of last close, the stock is up 95% over the past year. Price Target Changed • Jan 27
Price target raised to €122 Up from €112, the current price target is an average from 5 analysts. The new target price is 11% below the current share price of €136. As of last close, the stock is up 92% over the past year. Annonce • Jan 15
MBB SE to Report Fiscal Year 2020 Results on Apr 16, 2021 MBB SE announced that they will report fiscal year 2020 results on Apr 16, 2021 Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 18% share price gain to €127, the stock is trading at a trailing P/E ratio of 57.9x, up from the previous P/E ratio of 49.3x. This compares to an average P/E of 26x in the Industrials industry in Europe. Total returns to shareholders over the past three years are 40%. Price Target Changed • Jan 12
Price target raised to €119 Up from €111, the current price target is an average from 5 analysts. The new target price is close to the current share price of €123. As of last close, the stock is up 68% over the past year. Is New 90 Day High Low • Jan 07
New 90-day high: €116 The company is up 44% from its price of €80.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €66.07 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €114 The company is up 44% from its price of €78.80 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.84 per share. Price Target Changed • Dec 08
Price target raised to €111 Up from €103, the current price target is an average from 5 analysts. The new target price is close to the current share price of €109. As of last close, the stock is up 56% over the past year. Price Target Changed • Nov 21
Price target raised to €103 Up from €92.80, the current price target is an average from 5 analysts. The new target price is close to the current share price of €98.20. As of last close, the stock is up 45% over the past year. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 22% share price gain to €98.40, the stock is trading at a trailing P/E ratio of 45.3x, up from the previous P/E ratio of 37.2x. This compares to an average P/E of 24x in the Industrials industry in Europe. Total returns to shareholders over the past three years are 12%. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS €0.25 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €181.7m (up 16% from 3Q 2019). Net income: €1.46m (down 90% from 3Q 2019). Profit margin: 0.8% (down from 9.1% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target raised to €103 Up from €89.40, the current price target is an average from 5 analysts. The new target price is 9.4% above the current share price of €94.00. As of last close, the stock is up 37% over the past year. Is New 90 Day High Low • Nov 14
New 90-day high: €89.00 The company is up 48% from its price of €60.20 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.50 per share. Is New 90 Day High Low • Sep 29
New 90-day high: €81.20 The company is up 25% from its price of €65.00 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €64.67 per share. Price Target Changed • Sep 29
Price target raised to €92.80 Up from €85.60, the current price target is an average from 5 analysts. The new target price is 14% above the current share price of €81.20. As of last close, the stock is up 40% over the past year.