View ValuationMuehlhan 将来の成長Future 基準チェック /06現在、 Muehlhanの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Construction 収益成長12.2%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報お知らせ • Dec 15Muehlhan AG Provides Correction to the Group Forecast for Financial Year 2023Muehlhan AG provided Correction to the Group forecast for financial year 2023. For the period, the company announced that the Group forecast published on October 13, 2023, revenues of €10 million to €15 million and an EBIT of between €-3.5 million and €-4.0 million were forecast for the 2023 financial year. The company continues to expect revenues of €10 million to €15 million, but predicts EBIT will be between €-4.0 million and €-4.5 million. The main reason for the renewed forecast revision is expenses for the decision to discontinue all activities in Oman.Price Target Changed • Nov 16Price target decreased to €4.00Down from €5.10, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €2.68. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.43 last year.Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €250.0m to €270.0m. EPS estimate fell from €0.32 to €0.24 per share. Net income forecast to shrink 55% next year vs 13% growth forecast for Construction industry in Germany . Consensus price target of €4.00 unchanged from last update. Share price fell 5.8% to €2.62 over the past week.Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.12 to €0.32. Revenue forecast unchanged at €250.0m. Net income forecast to shrink 46% next year vs 20% growth forecast for Construction industry in Germany . Consensus price target down from €5.10 to €4.00. Share price was steady at €2.92 over the past week.Price Target Changed • Apr 27Price target increased to €5.10Up from €4.40, the current price target is provided by 1 analyst. New target price is 21% above last closing price of €4.20. Stock is up 57% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.43 last year.お知らせ • Apr 03+ 1 more updateMuehlhan AG Provides Earnings Guidance for the Year 2022Muehlhan AG provided earnings guidance for the year 2022. In view of the ongoing uncertainty surrounding the COVID-19 pandemic, it is still only possible to make a forecast for 2022 to a limited extent. On condition that the restrictions are less severe than in 2021, the Executive Board and Supervisory Board are planning revenues of around €250 million and EBIT of between €5 million and €8 million. The decline in revenues and EBIT compared with the previous year is due to the company disposals. Adjusted for these company disposals, revenues and earnings are expected to increase.すべての更新を表示Recent updatesお知らせ • May 07Give AG, Annual General Meeting, Jun 16, 2026Give AG, Annual General Meeting, Jun 16, 2026, at 11:00 W. Europe Standard Time.お知らせ • Apr 17Give AG, Annual General Meeting, Jun 03, 2025Give AG, Annual General Meeting, Jun 03, 2025, at 11:00 W. Europe Standard Time.お知らせ • Jun 08Muehlhan AG, Annual General Meeting, Jul 16, 2024Muehlhan AG, Annual General Meeting, Jul 16, 2024, at 11:00 W. Europe Standard Time.お知らせ • Dec 15Muehlhan AG Provides Correction to the Group Forecast for Financial Year 2023Muehlhan AG provided Correction to the Group forecast for financial year 2023. For the period, the company announced that the Group forecast published on October 13, 2023, revenues of €10 million to €15 million and an EBIT of between €-3.5 million and €-4.0 million were forecast for the 2023 financial year. The company continues to expect revenues of €10 million to €15 million, but predicts EBIT will be between €-4.0 million and €-4.5 million. The main reason for the renewed forecast revision is expenses for the decision to discontinue all activities in Oman.New Risk • Oct 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 286% Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€20.4m market cap, or US$21.5m).New Risk • Aug 02New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€33.9m market cap, or US$37.0m).New Risk • Jun 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Minor Risk Market cap is less than US$100m (€33.5m market cap, or US$36.1m).Upcoming Dividend • May 31Upcoming dividend of €1.00 per share at 39% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 39%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).Reported Earnings • Apr 14Full year 2022 earnings released: EPS: €0.18 (vs €0.43 in FY 2021)Full year 2022 results: EPS: €0.18 (down from €0.43 in FY 2021). Revenue: €288.3m (down 3.4% from FY 2021). Net income: €3.56m (down 57% from FY 2021). Profit margin: 1.2% (down from 2.8% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Construction industry in Europe. 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 7% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 09Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €3.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to decline by 3.3% in 2 years. Earnings is forecast to decline by 55% in the next 2 years.Price Target Changed • Nov 16Price target decreased to €4.00Down from €5.10, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €2.68. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.43 last year.Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €250.0m to €270.0m. EPS estimate fell from €0.32 to €0.24 per share. Net income forecast to shrink 55% next year vs 13% growth forecast for Construction industry in Germany . Consensus price target of €4.00 unchanged from last update. Share price fell 5.8% to €2.62 over the past week.Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.12 to €0.32. Revenue forecast unchanged at €250.0m. Net income forecast to shrink 46% next year vs 20% growth forecast for Construction industry in Germany . Consensus price target down from €5.10 to €4.00. Share price was steady at €2.92 over the past week.分析記事 • May 26Here's Why Muehlhan (ETR:M4N) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • May 25Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €3.70, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 55% over the past three years.Upcoming Dividend • May 18Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 25 May 2022. Payment date: 30 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 16%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.5%).Reported Earnings • May 01First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: €0.01 loss per share (up from €0.05 loss in 1Q 2021). Revenue: €52.2m (down 14% from 1Q 2021). Net loss: €141.0k (loss narrowed 86% from 1Q 2021). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 13% compared to a 5.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Apr 27Price target increased to €5.10Up from €4.40, the current price target is provided by 1 analyst. New target price is 21% above last closing price of €4.20. Stock is up 57% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.43 last year.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to €4.62, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 74% over the past three years.Buying Opportunity • Apr 05Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be €4.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to decline by 49% in the next 2 years.Reported Earnings • Apr 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.43 (up from €0.016 in FY 2020). Revenue: €298.5m (up 15% from FY 2020). Net income: €8.27m (up €7.97m from FY 2020). Profit margin: 2.8% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 23% compared to a 5.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Apr 03+ 1 more updateMuehlhan AG Provides Earnings Guidance for the Year 2022Muehlhan AG provided earnings guidance for the year 2022. In view of the ongoing uncertainty surrounding the COVID-19 pandemic, it is still only possible to make a forecast for 2022 to a limited extent. On condition that the restrictions are less severe than in 2021, the Executive Board and Supervisory Board are planning revenues of around €250 million and EBIT of between €5 million and €8 million. The decline in revenues and EBIT compared with the previous year is due to the company disposals. Adjusted for these company disposals, revenues and earnings are expected to increase.Major Estimate Revision • Aug 07Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €275.0m to €237.0m. EPS estimate increased from €0.18 to €0.68 per share. Net income forecast to grow 296% next year vs 19% growth forecast for Construction industry in Germany. Consensus price target up from €4.40 to €4.80. Share price rose 8.1% to €3.46 over the past week.Reported Earnings • Aug 03First half 2021 earnings released: EPS €0.056 (vs €0.041 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €143.5m (up 9.4% from 1H 2020). Net income: €1.09m (up €1.88m from 1H 2020). Profit margin: 0.8% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.分析記事 • Aug 02Muehlhan (ETR:M4N) Has Some Way To Go To Become A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • Jun 09Muehlhan (ETR:M4N) Takes On Some Risk With Its Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Upcoming Dividend • May 13Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 19 May 2021. Payment date: 21 May 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.8%).分析記事 • May 05Read This Before Buying Muehlhan AG (ETR:M4N) For Its DividendCould Muehlhan AG ( ETR:M4N ) be an attractive dividend share to own for the long haul? Investors are often drawn to...Major Estimate Revision • Apr 10Consensus EPS estimates increase to €0.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €260.0m to €275.0m. EPS estimate increased from €0.16 to €0.18 per share. Net income forecast to grow 1,015% next year vs 20% growth forecast for Construction industry in Germany. Consensus price target of €4.40 unchanged from last update. Share price was steady at €2.58 over the past week.分析記事 • Apr 08Capital Allocation Trends At Muehlhan (ETR:M4N) Aren't IdealFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Feb 16The Muehlhan (ETR:M4N) Share Price Is Up 48% And Shareholders Are Holding OnGenerally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...お知らせ • Jan 27Muehlhan AG, Annual General Meeting, May 18, 2021Muehlhan AG, Annual General Meeting, May 18, 2021.分析記事 • Jan 12Here's Why Muehlhan's (ETR:M4N) Statutory Earnings Are Arguably Too ConservativeAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Is New 90 Day High Low • Jan 12New 90-day high: €2.72The company is up 5.0% from its price of €2.60 on 13 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 13% over the same period.分析記事 • Dec 14Does Muehlhan (ETR:M4N) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Nov 23How Has Muehlhan (ETR:M4N) Allocated Its Capital?When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Price Target Changed • Nov 01Price target raised to €4.40Up from €3.65, the current price target is provided by 1 analyst. The new target price is 80% above the current share price of €2.44. As of last close, the stock is down 9.6% over the past year.お知らせ • Aug 24Muehlhan AG Not Provide Forecast for the Full Year 2020Muehlhan AG announced that as yet no clear picture of how things will develop, it is still not possible to provide a forecast. It is clear that revenues and income in 2020 will be significantly lower than the previous year's figures. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Muehlhan は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測XTRA:M4N - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数6/30/2023-99-579N/A3/31/2023-33-3N/AN/AN/A12/31/202216-225N/A9/30/20222779N/AN/AN/A6/30/2022-94-14-11N/A3/31/20222909N/AN/AN/A12/31/2021134-9-5N/A9/30/20212894N/AN/AN/A6/30/20212732-60N/A3/31/2021251-1N/AN/AN/A12/31/20202600712N/A9/30/20202743N/AN/AN/A6/30/202028842733N/A3/31/20202988N/AN/AN/A12/31/20192958311N/A9/30/20192875N/AN/AN/A6/30/20192836-24N/A3/31/20192795N/AN/AN/A12/31/20182685211N/A9/30/20182614N/AN/AN/A6/30/20182524216N/A3/31/20182484N/AN/AN/A12/31/20172484215N/A9/30/20172513N/AN/AN/A6/30/20172462110N/A3/31/20172512N/AN/AN/A12/31/20162542N/A9N/A9/30/20162462N/AN/AN/A6/30/20162511N/A14N/A3/31/20162432N/AN/AN/A12/31/20152391N/A13N/A9/30/20152341N/AN/AN/A6/30/20152223N/A9N/A3/31/20152221N/AN/AN/A12/31/20142133N/A12N/A9/30/20142211N/AN/AN/A6/30/20142182N/A7N/A3/31/20142132N/AN/AN/A12/31/20132082N/A9N/A9/30/20132011N/AN/AN/A6/30/20131921N/A4N/A3/31/20131891N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: M4Nの予測収益成長が 貯蓄率 ( 0.6% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: M4Nの収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: M4Nの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: M4Nの収益がGerman市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: M4Nの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: M4Nの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/03/25 03:23終値2023/12/27 00:00収益2023/06/30年間収益2022/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Give AG 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Thomas WisslerHauck Aufhäuser Investment BankingFelix EllmannWarburg Research GmbHFrank LaserWarburg Research GmbH
お知らせ • Dec 15Muehlhan AG Provides Correction to the Group Forecast for Financial Year 2023Muehlhan AG provided Correction to the Group forecast for financial year 2023. For the period, the company announced that the Group forecast published on October 13, 2023, revenues of €10 million to €15 million and an EBIT of between €-3.5 million and €-4.0 million were forecast for the 2023 financial year. The company continues to expect revenues of €10 million to €15 million, but predicts EBIT will be between €-4.0 million and €-4.5 million. The main reason for the renewed forecast revision is expenses for the decision to discontinue all activities in Oman.
Price Target Changed • Nov 16Price target decreased to €4.00Down from €5.10, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €2.68. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.43 last year.
Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €250.0m to €270.0m. EPS estimate fell from €0.32 to €0.24 per share. Net income forecast to shrink 55% next year vs 13% growth forecast for Construction industry in Germany . Consensus price target of €4.00 unchanged from last update. Share price fell 5.8% to €2.62 over the past week.
Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.12 to €0.32. Revenue forecast unchanged at €250.0m. Net income forecast to shrink 46% next year vs 20% growth forecast for Construction industry in Germany . Consensus price target down from €5.10 to €4.00. Share price was steady at €2.92 over the past week.
Price Target Changed • Apr 27Price target increased to €5.10Up from €4.40, the current price target is provided by 1 analyst. New target price is 21% above last closing price of €4.20. Stock is up 57% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.43 last year.
お知らせ • Apr 03+ 1 more updateMuehlhan AG Provides Earnings Guidance for the Year 2022Muehlhan AG provided earnings guidance for the year 2022. In view of the ongoing uncertainty surrounding the COVID-19 pandemic, it is still only possible to make a forecast for 2022 to a limited extent. On condition that the restrictions are less severe than in 2021, the Executive Board and Supervisory Board are planning revenues of around €250 million and EBIT of between €5 million and €8 million. The decline in revenues and EBIT compared with the previous year is due to the company disposals. Adjusted for these company disposals, revenues and earnings are expected to increase.
お知らせ • May 07Give AG, Annual General Meeting, Jun 16, 2026Give AG, Annual General Meeting, Jun 16, 2026, at 11:00 W. Europe Standard Time.
お知らせ • Apr 17Give AG, Annual General Meeting, Jun 03, 2025Give AG, Annual General Meeting, Jun 03, 2025, at 11:00 W. Europe Standard Time.
お知らせ • Jun 08Muehlhan AG, Annual General Meeting, Jul 16, 2024Muehlhan AG, Annual General Meeting, Jul 16, 2024, at 11:00 W. Europe Standard Time.
お知らせ • Dec 15Muehlhan AG Provides Correction to the Group Forecast for Financial Year 2023Muehlhan AG provided Correction to the Group forecast for financial year 2023. For the period, the company announced that the Group forecast published on October 13, 2023, revenues of €10 million to €15 million and an EBIT of between €-3.5 million and €-4.0 million were forecast for the 2023 financial year. The company continues to expect revenues of €10 million to €15 million, but predicts EBIT will be between €-4.0 million and €-4.5 million. The main reason for the renewed forecast revision is expenses for the decision to discontinue all activities in Oman.
New Risk • Oct 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 286% Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€20.4m market cap, or US$21.5m).
New Risk • Aug 02New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€33.9m market cap, or US$37.0m).
New Risk • Jun 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Minor Risk Market cap is less than US$100m (€33.5m market cap, or US$36.1m).
Upcoming Dividend • May 31Upcoming dividend of €1.00 per share at 39% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 39%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).
Reported Earnings • Apr 14Full year 2022 earnings released: EPS: €0.18 (vs €0.43 in FY 2021)Full year 2022 results: EPS: €0.18 (down from €0.43 in FY 2021). Revenue: €288.3m (down 3.4% from FY 2021). Net income: €3.56m (down 57% from FY 2021). Profit margin: 1.2% (down from 2.8% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Construction industry in Europe. 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 7% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 09Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €3.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to decline by 3.3% in 2 years. Earnings is forecast to decline by 55% in the next 2 years.
Price Target Changed • Nov 16Price target decreased to €4.00Down from €5.10, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €2.68. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.43 last year.
Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €250.0m to €270.0m. EPS estimate fell from €0.32 to €0.24 per share. Net income forecast to shrink 55% next year vs 13% growth forecast for Construction industry in Germany . Consensus price target of €4.00 unchanged from last update. Share price fell 5.8% to €2.62 over the past week.
Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.12 to €0.32. Revenue forecast unchanged at €250.0m. Net income forecast to shrink 46% next year vs 20% growth forecast for Construction industry in Germany . Consensus price target down from €5.10 to €4.00. Share price was steady at €2.92 over the past week.
分析記事 • May 26Here's Why Muehlhan (ETR:M4N) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • May 25Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €3.70, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 55% over the past three years.
Upcoming Dividend • May 18Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 25 May 2022. Payment date: 30 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 16%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.5%).
Reported Earnings • May 01First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: €0.01 loss per share (up from €0.05 loss in 1Q 2021). Revenue: €52.2m (down 14% from 1Q 2021). Net loss: €141.0k (loss narrowed 86% from 1Q 2021). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 13% compared to a 5.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Apr 27Price target increased to €5.10Up from €4.40, the current price target is provided by 1 analyst. New target price is 21% above last closing price of €4.20. Stock is up 57% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.43 last year.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to €4.62, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 74% over the past three years.
Buying Opportunity • Apr 05Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be €4.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to decline by 49% in the next 2 years.
Reported Earnings • Apr 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.43 (up from €0.016 in FY 2020). Revenue: €298.5m (up 15% from FY 2020). Net income: €8.27m (up €7.97m from FY 2020). Profit margin: 2.8% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 23% compared to a 5.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Apr 03+ 1 more updateMuehlhan AG Provides Earnings Guidance for the Year 2022Muehlhan AG provided earnings guidance for the year 2022. In view of the ongoing uncertainty surrounding the COVID-19 pandemic, it is still only possible to make a forecast for 2022 to a limited extent. On condition that the restrictions are less severe than in 2021, the Executive Board and Supervisory Board are planning revenues of around €250 million and EBIT of between €5 million and €8 million. The decline in revenues and EBIT compared with the previous year is due to the company disposals. Adjusted for these company disposals, revenues and earnings are expected to increase.
Major Estimate Revision • Aug 07Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €275.0m to €237.0m. EPS estimate increased from €0.18 to €0.68 per share. Net income forecast to grow 296% next year vs 19% growth forecast for Construction industry in Germany. Consensus price target up from €4.40 to €4.80. Share price rose 8.1% to €3.46 over the past week.
Reported Earnings • Aug 03First half 2021 earnings released: EPS €0.056 (vs €0.041 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €143.5m (up 9.4% from 1H 2020). Net income: €1.09m (up €1.88m from 1H 2020). Profit margin: 0.8% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
分析記事 • Aug 02Muehlhan (ETR:M4N) Has Some Way To Go To Become A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • Jun 09Muehlhan (ETR:M4N) Takes On Some Risk With Its Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Upcoming Dividend • May 13Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 19 May 2021. Payment date: 21 May 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.8%).
分析記事 • May 05Read This Before Buying Muehlhan AG (ETR:M4N) For Its DividendCould Muehlhan AG ( ETR:M4N ) be an attractive dividend share to own for the long haul? Investors are often drawn to...
Major Estimate Revision • Apr 10Consensus EPS estimates increase to €0.18The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €260.0m to €275.0m. EPS estimate increased from €0.16 to €0.18 per share. Net income forecast to grow 1,015% next year vs 20% growth forecast for Construction industry in Germany. Consensus price target of €4.40 unchanged from last update. Share price was steady at €2.58 over the past week.
分析記事 • Apr 08Capital Allocation Trends At Muehlhan (ETR:M4N) Aren't IdealFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Feb 16The Muehlhan (ETR:M4N) Share Price Is Up 48% And Shareholders Are Holding OnGenerally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
お知らせ • Jan 27Muehlhan AG, Annual General Meeting, May 18, 2021Muehlhan AG, Annual General Meeting, May 18, 2021.
分析記事 • Jan 12Here's Why Muehlhan's (ETR:M4N) Statutory Earnings Are Arguably Too ConservativeAs a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Is New 90 Day High Low • Jan 12New 90-day high: €2.72The company is up 5.0% from its price of €2.60 on 13 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 13% over the same period.
分析記事 • Dec 14Does Muehlhan (ETR:M4N) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Nov 23How Has Muehlhan (ETR:M4N) Allocated Its Capital?When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Price Target Changed • Nov 01Price target raised to €4.40Up from €3.65, the current price target is provided by 1 analyst. The new target price is 80% above the current share price of €2.44. As of last close, the stock is down 9.6% over the past year.
お知らせ • Aug 24Muehlhan AG Not Provide Forecast for the Full Year 2020Muehlhan AG announced that as yet no clear picture of how things will develop, it is still not possible to provide a forecast. It is clear that revenues and income in 2020 will be significantly lower than the previous year's figures.