View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsManz 과거 순이익 실적과거 기준 점검 0/6Manz 의 수입은 연평균 -16.5%의 비율로 감소해 온 반면, Semiconductor 산업은 연평균 5.3%의 비율로 증가했습니다. 매출은 연평균 0.7%의 비율로 감소해 왔습니다.핵심 정보-16.50%순이익 성장률-15.06%주당순이익(EPS) 성장률Semiconductor 산업 성장률30.55%매출 성장률-0.69%자기자본이익률-49.27%순이익률-16.92%최근 순이익 업데이트30 Sep 2024최근 과거 실적 업데이트Reported Earnings • Nov 29Third quarter 2024 earnings released: €1.78 loss per share (vs €0.077 loss in 3Q 2023)Third quarter 2024 results: €1.78 loss per share (further deteriorated from €0.077 loss in 3Q 2023). Revenue: €41.4m (down 27% from 3Q 2023). Net loss: €15.2m (loss widened €14.6m from 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 07Second quarter 2024 earnings released: €0.97 loss per share (vs €0.36 profit in 2Q 2023)Second quarter 2024 results: €0.97 loss per share (down from €0.36 profit in 2Q 2023). Revenue: €67.9m (down 3.9% from 2Q 2023). Net loss: €8.31m (down 366% from profit in 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. 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 55% per year, which means it is significantly lagging earnings.Reported Earnings • May 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.28 loss per share (improved from €1.50 loss in FY 2022). Revenue: €280.6m (up 1.2% from FY 2022). Net loss: €2.39m (loss narrowed 80% from FY 2022). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.공고 • May 23Manz AG to Report Fiscal Year 2023 Final Results on May 23, 2024Manz AG announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on May 23, 2024공고 • Jan 31+ 3 more updatesManz AG to Report Nine Months, 2024 Results on Nov 07, 2024Manz AG announced that they will report nine months, 2024 results on Nov 07, 2024Reported Earnings • Nov 08Third quarter 2023 earnings released: €0.077 loss per share (vs €0.64 profit in 3Q 2022)Third quarter 2023 results: €0.077 loss per share (down from €0.64 profit in 3Q 2022). Revenue: €60.8m (down 14% from 3Q 2022). Net loss: €654.0k (down 112% from profit in 3Q 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.모든 업데이트 보기Recent updatesNew Risk • Dec 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€38m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€38m free cash flow). Share price has been highly volatile over the past 3 months (45% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€15m net loss in 2 years). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€11.9m market cap, or US$12.5m).New Risk • Dec 18New 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 25% 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 (25% average weekly change). Market cap is less than US$10m (€7.69m market cap, or US$8.05m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€38m). Currently unprofitable and not forecast to become profitable over next 2 years (€15m net loss in 2 years). Shareholders have been diluted in the past year (20% increase in shares outstanding).분석 기사 • Dec 11Things Look Grim For Manz AG (ETR:M5Z) After Today's DowngradeThe latest analyst coverage could presage a bad day for Manz AG ( ETR:M5Z ), with the analysts making across-the-board...Major Estimate Revision • Dec 10Consensus revenue estimates fall by 26%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €230.7m to €170.0m. Forecast losses increased from -€1.17 to -€3.09 per share. Semiconductor industry in Germany expected to see average net income decline 4.8% next year. Consensus price target down from €8.35 to €6.15. Share price rose 22% to €4.85 over the past week.New Risk • Dec 09New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €35m Forecast net loss in 2 years: €15m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€38m). Currently unprofitable and not forecast to become profitable over next 2 years (€15m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€49.3m market cap, or US$52.1m).Reported Earnings • Nov 29Third quarter 2024 earnings released: €1.78 loss per share (vs €0.077 loss in 3Q 2023)Third quarter 2024 results: €1.78 loss per share (further deteriorated from €0.077 loss in 3Q 2023). Revenue: €41.4m (down 27% from 3Q 2023). Net loss: €15.2m (loss widened €14.6m from 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.분석 기사 • Nov 28Market Cool On Manz AG's (ETR:M5Z) Revenues Pushing Shares 27% LowerManz AG ( ETR:M5Z ) shares have had a horrible month, losing 27% after a relatively good period beforehand. The recent...New Risk • Nov 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€28m). Currently unprofitable and not forecast to become profitable over next 2 years (€80k net loss in 2 years). Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€59.2m market cap, or US$63.5m).분석 기사 • Oct 02Market Still Lacking Some Conviction On Manz AG (ETR:M5Z)When you see that almost half of the companies in the Semiconductor industry in Germany have price-to-sales ratios (or...Price Target Changed • Sep 06Price target decreased by 13% to €8.35Down from €9.57, the current price target is an average from 2 analysts. New target price is 58% above last closing price of €5.30. Stock is down 62% over the past year. The company is forecast to post a net loss per share of €1.17 next year compared to a net loss per share of €0.28 last year.Breakeven Date Change • Sep 06Forecast breakeven date pushed back to 2026The 2 analysts covering Manz previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €3.03m in 2026. Average annual earnings growth of 91% is required to achieve expected profit on schedule.Major Estimate Revision • Aug 09Consensus EPS estimates upgraded to €0.30 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€1.05 to -€0.30 per share. Revenue forecast unchanged from €242.0m at last update. Semiconductor industry in Germany expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at €9.40. Share price fell 4.0% to €5.30 over the past week.Reported Earnings • Aug 07Second quarter 2024 earnings released: €0.97 loss per share (vs €0.36 profit in 2Q 2023)Second quarter 2024 results: €0.97 loss per share (down from €0.36 profit in 2Q 2023). Revenue: €67.9m (down 3.9% from 2Q 2023). Net loss: €8.31m (down 366% from profit in 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. 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 55% per year, which means it is significantly lagging earnings.공고 • Jul 24Harro Höfliger Verpackungsmaschinen GmbH completed the acquisition of Manz Hungary Gépgyártó Korlátolt Felelosségu Társaság from Manz AG (XTRA:M5Z).Harro Höfliger Verpackungsmaschinen GmbH agreed to acquire Manz Hungary Gépgyártó Korlátolt Felelosségu Társaság from Manz AG (XTRA:M5Z) for HUF 3.108 billion on May 8, 2024. The HUF 3.108 billion received from the transaction will additionally strengthen Manz AG's liquidity. subject to contractually agreed conditions precedent and possible official approvals . A corresponding agreement was signed today by both parties. The transaction is expected to be completed in the second quarter of 2024. Harro Höfliger Verpackungsmaschinen GmbH completed the acquisition of Manz Hungary Gépgyártó Korlátolt Felelosségu Társaság from Manz AG (XTRA:M5Z) on July 24, 2024.Major Estimate Revision • Jul 02Consensus EPS estimates fall by 248%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €263.7m to €242.0m. Losses expected to increase from €0.30 per share to €1.05. Semiconductor industry in Germany expected to see average net income decline 7.7% next year. Consensus price target down from €12.00 to €9.57. Share price fell 27% to €5.30 over the past week.Breakeven Date Change • Jul 01Forecast breakeven date pushed back to 2025The 3 analysts covering Manz previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €1.33m in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.분석 기사 • Jun 29Take Care Before Jumping Onto Manz AG (ETR:M5Z) Even Though It's 25% CheaperTo the annoyance of some shareholders, Manz AG ( ETR:M5Z ) shares are down a considerable 25% in the last month, which...New Risk • May 29New 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 7.2% 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€53m). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€64.2m market cap, or US$69.7m).Reported Earnings • May 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.28 loss per share (improved from €1.50 loss in FY 2022). Revenue: €280.6m (up 1.2% from FY 2022). Net loss: €2.39m (loss narrowed 80% from FY 2022). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.공고 • May 23Manz AG to Report Fiscal Year 2023 Final Results on May 23, 2024Manz AG announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on May 23, 2024공고 • Jan 31+ 3 more updatesManz AG to Report Nine Months, 2024 Results on Nov 07, 2024Manz AG announced that they will report nine months, 2024 results on Nov 07, 2024New Risk • Jan 31New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€47m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€47m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (€88.5m market cap, or US$96.0m).New Risk • Jan 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.4m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€47m). Market cap is less than US$100m (€91.4m market cap, or US$99.6m).공고 • Jan 05Manz AG, Annual General Meeting, Jul 02, 2024Manz AG, Annual General Meeting, Jul 02, 2024. Location: Filharmonie Filderstadt GermanyPrice Target Changed • Nov 10Price target decreased by 17% to €16.53Down from €19.97, the current price target is an average from 3 analysts. New target price is 61% above last closing price of €10.28. Stock is down 60% over the past year. The company is forecast to post earnings per share of €0.25 next year compared to a net loss per share of €1.50 last year.Reported Earnings • Nov 08Third quarter 2023 earnings released: €0.077 loss per share (vs €0.64 profit in 3Q 2022)Third quarter 2023 results: €0.077 loss per share (down from €0.64 profit in 3Q 2022). Revenue: €60.8m (down 14% from 3Q 2022). Net loss: €654.0k (down 112% from profit in 3Q 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.New Risk • Nov 07New 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 9.0% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (66% accrual ratio).Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 35%After last week's 35% share price gain to €11.36, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.29 per share.New Risk • Oct 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €89.7m (US$95.0m) This is considered a minor risk. Companies with a small market capitalization 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 Interest payments are not well covered by earnings (1.7x net interest cover). High level of non-cash earnings (66% accrual ratio). Minor Risk Market cap is less than US$100m (€89.7m market cap, or US$95.0m).Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €11.38, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.81 per share.Buying Opportunity • Sep 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €17.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 178% in the next 2 years.Buying Opportunity • Sep 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €17.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 178% in the next 2 years.New Risk • Aug 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (66% accrual ratio). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding).Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: €0.36 (vs €0.38 loss in 2Q 2022)Second quarter 2023 results: EPS: €0.36 (up from €0.38 loss in 2Q 2022). Revenue: €72.4m (up 2.6% from 2Q 2022). Net income: €3.12m (up €6.04m from 2Q 2022). Profit margin: 4.3% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: €1.50 loss per share (improved from €2.89 loss in FY 2021). Revenue: €293.3m (up 23% from FY 2021). Net loss: €12.1m (loss narrowed 46% from FY 2021). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 139%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.공고 • Jan 04Manz AG, Annual General Meeting, Jul 04, 2023Manz AG, Annual General Meeting, Jul 04, 2023.Price Target Changed • Nov 16Price target decreased to €35.33Down from €46.50, the current price target is an average from 3 analysts. New target price is 46% above last closing price of €24.20. The company is forecast to post a net loss per share of €0.34 next year compared to a net loss per share of €2.89 last year.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.64 (vs €0.72 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.64 (up from €0.72 loss in 3Q 2021). Revenue: €70.2m (up 34% from 3Q 2021). Net income: €5.33m (up €10.9m from 3Q 2021). Profit margin: 7.6% (up from net loss in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Reported Earnings • Aug 05Second quarter 2022 earnings released: €0.38 loss per share (vs €0.059 loss in 2Q 2021)Second quarter 2022 results: €0.38 loss per share (down from €0.059 loss in 2Q 2021). Revenue: €75.0m (up 14% from 2Q 2021). Net loss: €2.92m (loss widened €2.46m from 2Q 2021). Over the next year, revenue is forecast to grow 46%, compared to a 9.7% growth forecast for the industry in Germany. 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 19% per year, which means it is well ahead of earnings.공고 • Aug 05Manz AG Provides Earnings Forecast for the Fiscal Year 2022Manz AG provides earnings forecast for the fiscal year 2022. For the period, Board forecasts revenue growth in the low to mid double-digit percentage range compared to the previous year as well as a balanced EBIT.공고 • Jun 01Manz AG (XTRA:M5Z) acquired 40% stake in Customcells Tübingen Gmbh from Custom Cells Itzehoe GmbH.Manz AG (XTRA:M5Z) acquired 40% stake in Customcells Tübingen Gmbh from Custom Cells Itzehoe GmbH on May 31, 2022. Manz AG (XTRA:M5Z) Completed it's acquisition of 40% stake in Customcells Tübingen Gmbh from Custom Cells Itzehoe GmbH on May 31, 2022.공고 • May 24Daimler Truck Holding AG (XTRA:DTG) agreed to acquire a 51% stake in Manz AG (XTRA:M5Z) for €30.6 million.Daimler Truck Holding AG (XTRA:DTG) agreed to acquire a 51% stake in Manz AG (XTRA:M5Z) for €30.6 million on May 24, 2022. The transaction is subject to antitrust approval.Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: €0.86 loss per share (down from €1.33 profit in 1Q 2021). Revenue: €64.0m (up 23% from 1Q 2021). Net loss: €6.70m (down 165% from profit in 1Q 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 43%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Price Target Changed • Apr 27Price target decreased to €58.50Down from €63.83, the current price target is an average from 3 analysts. New target price is 54% above last closing price of €37.95. Stock is down 33% over the past year. The company is forecast to post earnings per share of €0.69 next year compared to a net loss per share of €2.89 last year.공고 • Apr 01Manz AG Provides Earnings Guidance for the Year 2022Manz AG provided earnings guidance for the year 2022. Profitable growth expected with a revenue increase in the mid double-digit percentage range compared to 2021.공고 • Mar 10Manz AG Provides Earnings Guidance for the Financial Year 2022Manz AG provided earnings guidance for the financial year 2022. For the year, the managing Board expects a significant increase in revenues in the mid double-digit percentage range, an EBIT margin in the low to mid positive single-digit percentage range.공고 • Feb 24Manz AG (XTRA:M5Z) agreed to acquire an unknown minority interest in MetOx Technologies, Inc.Manz AG (XTRA:M5Z) agreed to acquire an unknown minority interest in MetOx Technologies, Inc. on February 23, 2022.공고 • Jan 30Manz AG Announces Realignment of Group Organization and Adjustment of Reporting SegmentsManz AG adjusted the Group's organizational structure and reporting segments as of January 01, 2022. Starting in the 2022 fiscal year, Manz AG will report in the two reporting segments Mobility & Battery Solutions and Industry Solutions. Mobility & Battery Solutions will essentially comprise the business activities of the former Energy Storage segment, with a clear focus on the growth market of e-mobility. In the Industry Solutions reporting segment, Manz AG combines the activities of the two business areas Electronics (semiconductor back-end production, Fan-Out Panel Level Packaging and display technologies) and Industrial Automation (industrial assembly solutions for the production of consumer electronics, power electronics and other components of the electric powertrain).분석 기사 • Nov 16We Think Manz (ETR:M5Z) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Nov 10Third quarter 2021 earnings released: €0.72 loss per share (vs €0.22 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €54.1m (up 8.1% from 3Q 2020). Net loss: €5.59m (down 424% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to €52.50, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 31x in the Semiconductor industry in Germany. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €85.70 per share.Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from €0.92 to €1.05. Revenue forecast unchanged at €256.2m. Net income forecast to grow 26% next year vs 37% growth forecast for Semiconductor industry in Germany. Consensus price target up from €62.33 to €67.67. Share price rose 7.3% to €60.50 over the past week.분석 기사 • Aug 11We Think You Should Be Aware Of Some Concerning Factors In Manz's (ETR:M5Z) EarningsThe market for Manz AG's ( ETR:M5Z ) stock was strong after it released a healthy earnings report last week. While the...Reported Earnings • Aug 09Second quarter 2021 earnings released: €0.059 loss per share (vs €0.087 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €65.6m (up 3.9% from 2Q 2020). Net loss: €460.0k (down 169% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Price Target Changed • Aug 08Price target increased to €66.00Up from €59.00, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €58.00. Stock is up 169% over the past year.분석 기사 • Aug 05Is Now An Opportune Moment To Examine Manz AG (ETR:M5Z)?Manz AG ( ETR:M5Z ), might not be a large cap stock, but it received a lot of attention from a substantial price...Price Target Changed • Jul 26Price target increased to €62.33Up from €55.18, the current price target is an average from 3 analysts. New target price is 6.4% below last closing price of €66.60. Stock is up 214% over the past year.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 22% share price gain to €70.00, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 36x in the Semiconductor industry in Germany. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €75.70 per share.Major Estimate Revision • May 21Consensus EPS estimates fall to €0.92The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €269.3m to €256.3m. EPS estimate also fell from €1.24 to €0.92. Net income forecast to shrink 4.4% next year vs 28% growth forecast for Semiconductor industry in Germany . Consensus price target of €59.00 unchanged from last update. Share price rose 7.4% to €51.70 over the past week.Major Estimate Revision • May 11Consensus EPS estimates increase to €1.24The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €258.1m to €269.3m. EPS estimate increased from €1.05 to €1.24 per share. Net income forecast to grow 23% next year vs 24% growth forecast for Semiconductor industry in Germany. Consensus price target of €59.00 unchanged from last update. Share price fell 3.5% to €47.05 over the past week.Reported Earnings • May 06First quarter 2021 earnings released: EPS €1.33 (vs €0.21 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €69.6m (up 9.3% from 1Q 2020). Net income: €10.3m (up €8.60m from 1Q 2020). Profit margin: 15% (up from 2.6% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.분석 기사 • May 05Is Now An Opportune Moment To Examine Manz AG (ETR:M5Z)?While Manz AG ( ETR:M5Z ) might not be the most widely known stock at the moment, it saw a decent share price growth in...Major Estimate Revision • Apr 13Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €1.52 to €1.33 per share. Revenue forecast steady at €258.5m. Net income forecast to grow 201% next year vs 62% growth forecast for Semiconductor industry in Germany. Consensus price target up from €48.43 to €55.18. Share price rose 3.1% to €60.20 over the past week.Major Estimate Revision • Apr 06Consensus revenue estimates fall to €261.0mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from €364.3m to €261.0m. EPS estimate fell from €2.89 to €1.52 per share. Net income forecast to grow 241% next year vs 41% growth forecast for Semiconductor industry in Germany. Consensus price target up from €43.68 to €48.43. Share price rose 21% to €58.40 over the past week.분석 기사 • Apr 03Things Look Grim For Manz AG (ETR:M5Z) After Today's DowngradeThe analysts covering Manz AG ( ETR:M5Z ) delivered a dose of negativity to shareholders today, by making a substantial...Reported Earnings • Apr 03Full year 2020 earnings released: EPS €0.44 (vs €1.43 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €242.6m (down 9.9% from FY 2019). Net income: €3.43m (up €14.5m from FY 2019). Profit margin: 1.4% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.공고 • Mar 31Manz AG Provides Earnings Guidance for the Year 2021Manz AG provided earnings guidance for the year 2021. For 2021, the Management Board anticipates profitable growth due to the overall positive industry outlook in the countries and markets relevant for Manz AG. Compared to 2020, a slight to moderate increase in revenues, and an EBIT margin in the low to mid, positive single-digit percentage range are therefore forecast. The forecast remains subject to the assumption that the COVID-19 pandemic will have no additional negative impact on the development of the business in fiscal 2021.분석 기사 • Mar 24Does Manz (ETR:M5Z) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공고 • Mar 05+ 4 more updatesManz AG to Report Fiscal Year 2020 Results on Mar 09, 2021Manz AG announced that they will report fiscal year 2020 results on Mar 09, 2021공고 • Feb 24Manz AG Receives A Follow-Up Order from Automotive Supplier TE Connectivity with A Total Volume in the Lower Double-Digit Million-Euro RangeManz AG has received a follow-up order from automotive supplier TE Connectivity with a total volume in the lower double-digit million-euro range. Manz has been working successfully with TE Connectivity for years in the field of manufacturing cell contacting systems and has already delivered several orders for fully integrated assembly lines. The order underscores the trusting cooperation with the customer on the one hand and the market dynamics in electromobility on the other. The order in the Electronics segment will impact sales and earnings in 2021. Cell contacting systems are a central component of the e-power train of electric cars and plug-in hybrids: Depending on their size and capacity, several battery modules are integrated and interconnected in each battery-powered e-car. Each of these modules has its own cell contacting system that connects individual battery cells to form modules and handles current collection and various sensor functions for battery management, such as measuring temperature and voltage.분석 기사 • Feb 17Manz (ETR:M5Z) Shareholders Have Enjoyed An Impressive 141% Share Price GainWhen you buy shares in a company, there is always a risk that the price drops to zero. But when you pick a company that...공고 • Feb 05Manz AG (XTRA:M5Z) acquired an unknown minority stake in CADIS Engineering GmbH.Manz AG (XTRA:M5Z) acquired an unknown minority stake in CADIS Engineering GmbH on February 4, 2021. Manz AG (XTRA:M5Z) completed the acquisition of an unknown minority stake in CADIS Engineering GmbH on February 4, 2021.공고 • Jan 26Lam Research Corporation (NasdaqGS:LRCX) completed the acquisition of 80.5% stake in Talus Manufacturing Ltd. from Manz AG (XTRA:M5Z).Lam Research Corporation (NasdaqGS:LRCX) is exercising the contractually agreed option to acquire 80.5% stake in Talus Manufacturing Ltd. from Manz AG (XTRA:M5Z) on November 11, 2020. The exact date from which the acquisition will be legally effective is still subject to regulatory approvals in Taiwan. The proceeds from the sale are to be invested in the expansion of the dynamically growing Energy Storage segment, thus strengthening the core business. Lam Research Corporation (NasdaqGS:LRCX) completed the acquisition of 80.5% stake in Talus Manufacturing Ltd. from Manz AG (XTRA:M5Z) on January 26, 2021. As on January 26, 2021, all regulatory approvals in Taiwan were granted for the transaction.Is New 90 Day High Low • Jan 23New 90-day high: €46.90The company is up 62% from its price of €29.00 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €172 per share.공고 • Jan 13Manz AG Receives Order from Us Manufacturer of Electric Vehicles for an Assembly Line for Li-Ion Battery ModulesManz AG, has received an order in the Energy Storage segment from a US manufacturer of electric vehicles for an assembly line for battery modules in the lower double-digit million-euro range. The order will be recognized in sales and earnings in fiscal years 2021 and 2022. The order from the new North American customer, whose battery modules are to be constructed from highly efficient round cells, underscores the great market potential of battery technology for Manz. Following orders from the German AKASOL AG and the Slovakian InoBat Auto, Manz was able to convince the third customer from the e-mobility industry of its solution expertise within a short period of time. The first systems are expected to be installed in the United States as early as 2021, which is planned to take place on schedule despite the ongoing Covid-19 restrictions.분석 기사 • Jan 13Is Manz AG's (ETR:M5Z) Shareholder Ownership Skewed Towards Insiders?A look at the shareholders of Manz AG ( ETR:M5Z ) can tell us which group is most powerful. Generally speaking, as a...Price Target Changed • Jan 05Price target raised to €39.28Up from €34.42, the current price target is an average from 2 analysts. The new target price is close to the current share price of €37.80. As of last close, the stock is up 69% over the past year.Is New 90 Day High Low • Jan 04New 90-day high: €34.90The company is up 20% from its price of €29.00 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €240 per share.분석 기사 • Dec 18Is There Now An Opportunity In Manz AG (ETR:M5Z)?Manz AG ( ETR:M5Z ), might not be a large cap stock, but it saw a significant share price rise of over 20% in the past...Major Estimate Revision • Dec 01Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from €0.38 to €0.53. Revenue estimate for the same period was approximately flat at €246.9m. Net income is expected to grow by 243% next year compared to 124% growth forecast for the Semiconductor industry in Germany. The consensus price target increased from €34.42 to €36.22. Share price is up 3.7% to €33.50 over the past week.분석 기사 • Nov 27We Think Manz (ETR:M5Z) Has A Fair Chunk Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...공고 • Nov 19Manz AG Receives Order from TE ConnectivityManz AG has received an order from TE Connectivity with a total volume in the lower double-digit million-euro range. Both companies had already signed a Letter of Intent in this regard at the end of September. After TE Connectivity ordered the first fully integrated assembly line for the automated production of cell contacting systems in 2018, Manz is now continuing its successful cooperation by supplying a second assembly line. The order in the Electronics segment will affect revenues and earnings already in 2020, but mainly in 2021. Cell contacting systems are a central component of the electric powertrain of e-cars and plug-in hybrids: Depending on size and capacity, several battery modules are integrated and interconnected in every battery-powered e-car. Each of these modules has its own cell contacting system that connects individual battery cells to modules and takes care of power consumption as well as various sensor functions for battery management, such as measuring temperature and voltage.Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS €0.22The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €51.5m (down 24% from 3Q 2019). Net income: €1.72m (up €7.51m from 3Q 2019). Profit margin: 3.4% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 05Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 42%, compared to a 19% growth forecast for the Semiconductor industry in Germany.Price Target Changed • Nov 05Price target raised to €34.42Up from €30.62, the current price target is an average from 5 analysts. The new target price is 14% above the current share price of €30.20. As of last close, the stock is up 59% over the past year.공고 • Oct 04+ 1 more updateManz AG receives major order from InoBat Auto for equipment for R&D center and pilot production line for Li-Ion battery cells in SlovakiaManz AG has received an order with a total volume of more than 20 million euros from Slovakian R&D and battery production company InoBat Auto. The order includes integrated production equipment for setting up a pilot production line for stacked Li-Ion pouch cells for electric vehicles. The annual capacity of the line near Bratislava will be 100 MWh. The research and development center as well as the pilot line will be put into operation at the end of 2021. The gradual expansion of the production capacity of Li-Ion battery cells with an annual capacity of 10 GWh is planned by 2024. With the order from InoBat, Manz is continuing its positive business development in the Energy Storage segment in fiscal year 2020. With over 30 years of experience in process development and production technology for wound and stacked Li-ion battery cells and modules, Manz is benefiting from the strong growth momentum in the field of electromobility.Price Target Changed • Oct 03Price target raised to €30.62Up from €26.98, the current price target is an average from 4 analysts. The new target price is 5.2% above the current share price of €29.10. As of last close, the stock is up 63% over the past year.Is New 90 Day High Low • Sep 29New 90-day high: €24.00The company is up 35% from its price of €17.80 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 Semiconductor 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 €198 per share.매출 및 비용 세부 내역Manz가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이XTRA:M5Z 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비30 Sep 24205-3583030 Jun 24223-2087031 Mar 24242-988031 Dec 23269-289030 Sep 23282-290030 Jun 23295488031 Mar 23295-288031 Dec 22277-1286030 Sep 22272-5184030 Jun 22254-6282031 Mar 22249-5981031 Dec 21238-4480030 Sep 21236479030 Jun 212341178031 Mar 212311277031 Dec 20243376030 Sep 20244475030 Jun 20262-378031 Mar 20255-976031 Dec 19269-1176030 Sep 19288-1478030 Jun 19289-775031 Mar 19310-476031 Dec 18302-876030 Sep 18291-673030 Jun 18299-1473031 Mar 18295-2674031 Dec 17276-376030 Sep 17267-1483030 Jun 17235-2183031 Mar 17222-2185031 Dec 16239-4386030 Sep 16229-6184030 Jun 16235-6690031 Mar 16244-5791031 Dec 15237-6490030 Sep 15239-7183030 Jun 15278-5386031 Mar 15319-4281031 Dec 14315-3878030 Sep 14313-476030 Jun 14300-371031 Mar 14279-7710양질의 수익: M5Z 은(는) 현재 수익성이 없습니다.이익 마진 증가: M5Z는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: M5Z은 수익성이 없으며 지난 5년 동안 손실이 연평균 16.5% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 M5Z의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: M5Z은 수익성이 없어 지난 해 수익 성장률을 Semiconductor 업계(-32.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: M5Z는 현재 수익성이 없으므로 자본 수익률이 음수(-49.27%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSemiconductors 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/01/11 20:36종가2024/12/27 00:00수익2024/09/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Manz AG는 15명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Rupesh MadlaniBarclaysLars DannenbergBerenbergJason ChannellCitigroup Inc12명의 분석가 더 보기
Reported Earnings • Nov 29Third quarter 2024 earnings released: €1.78 loss per share (vs €0.077 loss in 3Q 2023)Third quarter 2024 results: €1.78 loss per share (further deteriorated from €0.077 loss in 3Q 2023). Revenue: €41.4m (down 27% from 3Q 2023). Net loss: €15.2m (loss widened €14.6m from 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 07Second quarter 2024 earnings released: €0.97 loss per share (vs €0.36 profit in 2Q 2023)Second quarter 2024 results: €0.97 loss per share (down from €0.36 profit in 2Q 2023). Revenue: €67.9m (down 3.9% from 2Q 2023). Net loss: €8.31m (down 366% from profit in 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. 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 55% per year, which means it is significantly lagging earnings.
Reported Earnings • May 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.28 loss per share (improved from €1.50 loss in FY 2022). Revenue: €280.6m (up 1.2% from FY 2022). Net loss: €2.39m (loss narrowed 80% from FY 2022). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
공고 • May 23Manz AG to Report Fiscal Year 2023 Final Results on May 23, 2024Manz AG announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on May 23, 2024
공고 • Jan 31+ 3 more updatesManz AG to Report Nine Months, 2024 Results on Nov 07, 2024Manz AG announced that they will report nine months, 2024 results on Nov 07, 2024
Reported Earnings • Nov 08Third quarter 2023 earnings released: €0.077 loss per share (vs €0.64 profit in 3Q 2022)Third quarter 2023 results: €0.077 loss per share (down from €0.64 profit in 3Q 2022). Revenue: €60.8m (down 14% from 3Q 2022). Net loss: €654.0k (down 112% from profit in 3Q 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.
New Risk • Dec 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€38m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€38m free cash flow). Share price has been highly volatile over the past 3 months (45% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€15m net loss in 2 years). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€11.9m market cap, or US$12.5m).
New Risk • Dec 18New 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 25% 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 (25% average weekly change). Market cap is less than US$10m (€7.69m market cap, or US$8.05m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€38m). Currently unprofitable and not forecast to become profitable over next 2 years (€15m net loss in 2 years). Shareholders have been diluted in the past year (20% increase in shares outstanding).
분석 기사 • Dec 11Things Look Grim For Manz AG (ETR:M5Z) After Today's DowngradeThe latest analyst coverage could presage a bad day for Manz AG ( ETR:M5Z ), with the analysts making across-the-board...
Major Estimate Revision • Dec 10Consensus revenue estimates fall by 26%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €230.7m to €170.0m. Forecast losses increased from -€1.17 to -€3.09 per share. Semiconductor industry in Germany expected to see average net income decline 4.8% next year. Consensus price target down from €8.35 to €6.15. Share price rose 22% to €4.85 over the past week.
New Risk • Dec 09New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €35m Forecast net loss in 2 years: €15m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€38m). Currently unprofitable and not forecast to become profitable over next 2 years (€15m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€49.3m market cap, or US$52.1m).
Reported Earnings • Nov 29Third quarter 2024 earnings released: €1.78 loss per share (vs €0.077 loss in 3Q 2023)Third quarter 2024 results: €1.78 loss per share (further deteriorated from €0.077 loss in 3Q 2023). Revenue: €41.4m (down 27% from 3Q 2023). Net loss: €15.2m (loss widened €14.6m from 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
분석 기사 • Nov 28Market Cool On Manz AG's (ETR:M5Z) Revenues Pushing Shares 27% LowerManz AG ( ETR:M5Z ) shares have had a horrible month, losing 27% after a relatively good period beforehand. The recent...
New Risk • Nov 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€28m). Currently unprofitable and not forecast to become profitable over next 2 years (€80k net loss in 2 years). Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€59.2m market cap, or US$63.5m).
분석 기사 • Oct 02Market Still Lacking Some Conviction On Manz AG (ETR:M5Z)When you see that almost half of the companies in the Semiconductor industry in Germany have price-to-sales ratios (or...
Price Target Changed • Sep 06Price target decreased by 13% to €8.35Down from €9.57, the current price target is an average from 2 analysts. New target price is 58% above last closing price of €5.30. Stock is down 62% over the past year. The company is forecast to post a net loss per share of €1.17 next year compared to a net loss per share of €0.28 last year.
Breakeven Date Change • Sep 06Forecast breakeven date pushed back to 2026The 2 analysts covering Manz previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of €3.03m in 2026. Average annual earnings growth of 91% is required to achieve expected profit on schedule.
Major Estimate Revision • Aug 09Consensus EPS estimates upgraded to €0.30 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€1.05 to -€0.30 per share. Revenue forecast unchanged from €242.0m at last update. Semiconductor industry in Germany expected to see average net income growth of 1.7% next year. Consensus price target broadly unchanged at €9.40. Share price fell 4.0% to €5.30 over the past week.
Reported Earnings • Aug 07Second quarter 2024 earnings released: €0.97 loss per share (vs €0.36 profit in 2Q 2023)Second quarter 2024 results: €0.97 loss per share (down from €0.36 profit in 2Q 2023). Revenue: €67.9m (down 3.9% from 2Q 2023). Net loss: €8.31m (down 366% from profit in 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. 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 55% per year, which means it is significantly lagging earnings.
공고 • Jul 24Harro Höfliger Verpackungsmaschinen GmbH completed the acquisition of Manz Hungary Gépgyártó Korlátolt Felelosségu Társaság from Manz AG (XTRA:M5Z).Harro Höfliger Verpackungsmaschinen GmbH agreed to acquire Manz Hungary Gépgyártó Korlátolt Felelosségu Társaság from Manz AG (XTRA:M5Z) for HUF 3.108 billion on May 8, 2024. The HUF 3.108 billion received from the transaction will additionally strengthen Manz AG's liquidity. subject to contractually agreed conditions precedent and possible official approvals . A corresponding agreement was signed today by both parties. The transaction is expected to be completed in the second quarter of 2024. Harro Höfliger Verpackungsmaschinen GmbH completed the acquisition of Manz Hungary Gépgyártó Korlátolt Felelosségu Társaság from Manz AG (XTRA:M5Z) on July 24, 2024.
Major Estimate Revision • Jul 02Consensus EPS estimates fall by 248%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €263.7m to €242.0m. Losses expected to increase from €0.30 per share to €1.05. Semiconductor industry in Germany expected to see average net income decline 7.7% next year. Consensus price target down from €12.00 to €9.57. Share price fell 27% to €5.30 over the past week.
Breakeven Date Change • Jul 01Forecast breakeven date pushed back to 2025The 3 analysts covering Manz previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €1.33m in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
분석 기사 • Jun 29Take Care Before Jumping Onto Manz AG (ETR:M5Z) Even Though It's 25% CheaperTo the annoyance of some shareholders, Manz AG ( ETR:M5Z ) shares are down a considerable 25% in the last month, which...
New Risk • May 29New 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 7.2% 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€53m). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€64.2m market cap, or US$69.7m).
Reported Earnings • May 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: €0.28 loss per share (improved from €1.50 loss in FY 2022). Revenue: €280.6m (up 1.2% from FY 2022). Net loss: €2.39m (loss narrowed 80% from FY 2022). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings.
공고 • May 23Manz AG to Report Fiscal Year 2023 Final Results on May 23, 2024Manz AG announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on May 23, 2024
공고 • Jan 31+ 3 more updatesManz AG to Report Nine Months, 2024 Results on Nov 07, 2024Manz AG announced that they will report nine months, 2024 results on Nov 07, 2024
New Risk • Jan 31New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€47m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€47m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (€88.5m market cap, or US$96.0m).
New Risk • Jan 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.4m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€47m). Market cap is less than US$100m (€91.4m market cap, or US$99.6m).
공고 • Jan 05Manz AG, Annual General Meeting, Jul 02, 2024Manz AG, Annual General Meeting, Jul 02, 2024. Location: Filharmonie Filderstadt Germany
Price Target Changed • Nov 10Price target decreased by 17% to €16.53Down from €19.97, the current price target is an average from 3 analysts. New target price is 61% above last closing price of €10.28. Stock is down 60% over the past year. The company is forecast to post earnings per share of €0.25 next year compared to a net loss per share of €1.50 last year.
Reported Earnings • Nov 08Third quarter 2023 earnings released: €0.077 loss per share (vs €0.64 profit in 3Q 2022)Third quarter 2023 results: €0.077 loss per share (down from €0.64 profit in 3Q 2022). Revenue: €60.8m (down 14% from 3Q 2022). Net loss: €654.0k (down 112% from profit in 3Q 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year.
New Risk • Nov 07New 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 9.0% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (66% accrual ratio).
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 35%After last week's 35% share price gain to €11.36, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.29 per share.
New Risk • Oct 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €89.7m (US$95.0m) This is considered a minor risk. Companies with a small market capitalization 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 Interest payments are not well covered by earnings (1.7x net interest cover). High level of non-cash earnings (66% accrual ratio). Minor Risk Market cap is less than US$100m (€89.7m market cap, or US$95.0m).
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €11.38, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.81 per share.
Buying Opportunity • Sep 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €17.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 178% in the next 2 years.
Buying Opportunity • Sep 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be €17.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 178% in the next 2 years.
New Risk • Aug 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (66% accrual ratio). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding).
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: €0.36 (vs €0.38 loss in 2Q 2022)Second quarter 2023 results: EPS: €0.36 (up from €0.38 loss in 2Q 2022). Revenue: €72.4m (up 2.6% from 2Q 2022). Net income: €3.12m (up €6.04m from 2Q 2022). Profit margin: 4.3% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: €1.50 loss per share (improved from €2.89 loss in FY 2021). Revenue: €293.3m (up 23% from FY 2021). Net loss: €12.1m (loss narrowed 46% from FY 2021). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 139%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
공고 • Jan 04Manz AG, Annual General Meeting, Jul 04, 2023Manz AG, Annual General Meeting, Jul 04, 2023.
Price Target Changed • Nov 16Price target decreased to €35.33Down from €46.50, the current price target is an average from 3 analysts. New target price is 46% above last closing price of €24.20. The company is forecast to post a net loss per share of €0.34 next year compared to a net loss per share of €2.89 last year.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.64 (vs €0.72 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.64 (up from €0.72 loss in 3Q 2021). Revenue: €70.2m (up 34% from 3Q 2021). Net income: €5.33m (up €10.9m from 3Q 2021). Profit margin: 7.6% (up from net loss in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 05Second quarter 2022 earnings released: €0.38 loss per share (vs €0.059 loss in 2Q 2021)Second quarter 2022 results: €0.38 loss per share (down from €0.059 loss in 2Q 2021). Revenue: €75.0m (up 14% from 2Q 2021). Net loss: €2.92m (loss widened €2.46m from 2Q 2021). Over the next year, revenue is forecast to grow 46%, compared to a 9.7% growth forecast for the industry in Germany. 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 19% per year, which means it is well ahead of earnings.
공고 • Aug 05Manz AG Provides Earnings Forecast for the Fiscal Year 2022Manz AG provides earnings forecast for the fiscal year 2022. For the period, Board forecasts revenue growth in the low to mid double-digit percentage range compared to the previous year as well as a balanced EBIT.
공고 • Jun 01Manz AG (XTRA:M5Z) acquired 40% stake in Customcells Tübingen Gmbh from Custom Cells Itzehoe GmbH.Manz AG (XTRA:M5Z) acquired 40% stake in Customcells Tübingen Gmbh from Custom Cells Itzehoe GmbH on May 31, 2022. Manz AG (XTRA:M5Z) Completed it's acquisition of 40% stake in Customcells Tübingen Gmbh from Custom Cells Itzehoe GmbH on May 31, 2022.
공고 • May 24Daimler Truck Holding AG (XTRA:DTG) agreed to acquire a 51% stake in Manz AG (XTRA:M5Z) for €30.6 million.Daimler Truck Holding AG (XTRA:DTG) agreed to acquire a 51% stake in Manz AG (XTRA:M5Z) for €30.6 million on May 24, 2022. The transaction is subject to antitrust approval.
Reported Earnings • May 09First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: €0.86 loss per share (down from €1.33 profit in 1Q 2021). Revenue: €64.0m (up 23% from 1Q 2021). Net loss: €6.70m (down 165% from profit in 1Q 2021). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 43%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Price Target Changed • Apr 27Price target decreased to €58.50Down from €63.83, the current price target is an average from 3 analysts. New target price is 54% above last closing price of €37.95. Stock is down 33% over the past year. The company is forecast to post earnings per share of €0.69 next year compared to a net loss per share of €2.89 last year.
공고 • Apr 01Manz AG Provides Earnings Guidance for the Year 2022Manz AG provided earnings guidance for the year 2022. Profitable growth expected with a revenue increase in the mid double-digit percentage range compared to 2021.
공고 • Mar 10Manz AG Provides Earnings Guidance for the Financial Year 2022Manz AG provided earnings guidance for the financial year 2022. For the year, the managing Board expects a significant increase in revenues in the mid double-digit percentage range, an EBIT margin in the low to mid positive single-digit percentage range.
공고 • Feb 24Manz AG (XTRA:M5Z) agreed to acquire an unknown minority interest in MetOx Technologies, Inc.Manz AG (XTRA:M5Z) agreed to acquire an unknown minority interest in MetOx Technologies, Inc. on February 23, 2022.
공고 • Jan 30Manz AG Announces Realignment of Group Organization and Adjustment of Reporting SegmentsManz AG adjusted the Group's organizational structure and reporting segments as of January 01, 2022. Starting in the 2022 fiscal year, Manz AG will report in the two reporting segments Mobility & Battery Solutions and Industry Solutions. Mobility & Battery Solutions will essentially comprise the business activities of the former Energy Storage segment, with a clear focus on the growth market of e-mobility. In the Industry Solutions reporting segment, Manz AG combines the activities of the two business areas Electronics (semiconductor back-end production, Fan-Out Panel Level Packaging and display technologies) and Industrial Automation (industrial assembly solutions for the production of consumer electronics, power electronics and other components of the electric powertrain).
분석 기사 • Nov 16We Think Manz (ETR:M5Z) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Nov 10Third quarter 2021 earnings released: €0.72 loss per share (vs €0.22 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €54.1m (up 8.1% from 3Q 2020). Net loss: €5.59m (down 424% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to €52.50, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 31x in the Semiconductor industry in Germany. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €85.70 per share.
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from €0.92 to €1.05. Revenue forecast unchanged at €256.2m. Net income forecast to grow 26% next year vs 37% growth forecast for Semiconductor industry in Germany. Consensus price target up from €62.33 to €67.67. Share price rose 7.3% to €60.50 over the past week.
분석 기사 • Aug 11We Think You Should Be Aware Of Some Concerning Factors In Manz's (ETR:M5Z) EarningsThe market for Manz AG's ( ETR:M5Z ) stock was strong after it released a healthy earnings report last week. While the...
Reported Earnings • Aug 09Second quarter 2021 earnings released: €0.059 loss per share (vs €0.087 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €65.6m (up 3.9% from 2Q 2020). Net loss: €460.0k (down 169% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Aug 08Price target increased to €66.00Up from €59.00, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €58.00. Stock is up 169% over the past year.
분석 기사 • Aug 05Is Now An Opportune Moment To Examine Manz AG (ETR:M5Z)?Manz AG ( ETR:M5Z ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Price Target Changed • Jul 26Price target increased to €62.33Up from €55.18, the current price target is an average from 3 analysts. New target price is 6.4% below last closing price of €66.60. Stock is up 214% over the past year.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 22% share price gain to €70.00, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 36x in the Semiconductor industry in Germany. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €75.70 per share.
Major Estimate Revision • May 21Consensus EPS estimates fall to €0.92The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €269.3m to €256.3m. EPS estimate also fell from €1.24 to €0.92. Net income forecast to shrink 4.4% next year vs 28% growth forecast for Semiconductor industry in Germany . Consensus price target of €59.00 unchanged from last update. Share price rose 7.4% to €51.70 over the past week.
Major Estimate Revision • May 11Consensus EPS estimates increase to €1.24The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €258.1m to €269.3m. EPS estimate increased from €1.05 to €1.24 per share. Net income forecast to grow 23% next year vs 24% growth forecast for Semiconductor industry in Germany. Consensus price target of €59.00 unchanged from last update. Share price fell 3.5% to €47.05 over the past week.
Reported Earnings • May 06First quarter 2021 earnings released: EPS €1.33 (vs €0.21 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €69.6m (up 9.3% from 1Q 2020). Net income: €10.3m (up €8.60m from 1Q 2020). Profit margin: 15% (up from 2.6% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
분석 기사 • May 05Is Now An Opportune Moment To Examine Manz AG (ETR:M5Z)?While Manz AG ( ETR:M5Z ) might not be the most widely known stock at the moment, it saw a decent share price growth in...
Major Estimate Revision • Apr 13Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €1.52 to €1.33 per share. Revenue forecast steady at €258.5m. Net income forecast to grow 201% next year vs 62% growth forecast for Semiconductor industry in Germany. Consensus price target up from €48.43 to €55.18. Share price rose 3.1% to €60.20 over the past week.
Major Estimate Revision • Apr 06Consensus revenue estimates fall to €261.0mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from €364.3m to €261.0m. EPS estimate fell from €2.89 to €1.52 per share. Net income forecast to grow 241% next year vs 41% growth forecast for Semiconductor industry in Germany. Consensus price target up from €43.68 to €48.43. Share price rose 21% to €58.40 over the past week.
분석 기사 • Apr 03Things Look Grim For Manz AG (ETR:M5Z) After Today's DowngradeThe analysts covering Manz AG ( ETR:M5Z ) delivered a dose of negativity to shareholders today, by making a substantial...
Reported Earnings • Apr 03Full year 2020 earnings released: EPS €0.44 (vs €1.43 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €242.6m (down 9.9% from FY 2019). Net income: €3.43m (up €14.5m from FY 2019). Profit margin: 1.4% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
공고 • Mar 31Manz AG Provides Earnings Guidance for the Year 2021Manz AG provided earnings guidance for the year 2021. For 2021, the Management Board anticipates profitable growth due to the overall positive industry outlook in the countries and markets relevant for Manz AG. Compared to 2020, a slight to moderate increase in revenues, and an EBIT margin in the low to mid, positive single-digit percentage range are therefore forecast. The forecast remains subject to the assumption that the COVID-19 pandemic will have no additional negative impact on the development of the business in fiscal 2021.
분석 기사 • Mar 24Does Manz (ETR:M5Z) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공고 • Mar 05+ 4 more updatesManz AG to Report Fiscal Year 2020 Results on Mar 09, 2021Manz AG announced that they will report fiscal year 2020 results on Mar 09, 2021
공고 • Feb 24Manz AG Receives A Follow-Up Order from Automotive Supplier TE Connectivity with A Total Volume in the Lower Double-Digit Million-Euro RangeManz AG has received a follow-up order from automotive supplier TE Connectivity with a total volume in the lower double-digit million-euro range. Manz has been working successfully with TE Connectivity for years in the field of manufacturing cell contacting systems and has already delivered several orders for fully integrated assembly lines. The order underscores the trusting cooperation with the customer on the one hand and the market dynamics in electromobility on the other. The order in the Electronics segment will impact sales and earnings in 2021. Cell contacting systems are a central component of the e-power train of electric cars and plug-in hybrids: Depending on their size and capacity, several battery modules are integrated and interconnected in each battery-powered e-car. Each of these modules has its own cell contacting system that connects individual battery cells to form modules and handles current collection and various sensor functions for battery management, such as measuring temperature and voltage.
분석 기사 • Feb 17Manz (ETR:M5Z) Shareholders Have Enjoyed An Impressive 141% Share Price GainWhen you buy shares in a company, there is always a risk that the price drops to zero. But when you pick a company that...
공고 • Feb 05Manz AG (XTRA:M5Z) acquired an unknown minority stake in CADIS Engineering GmbH.Manz AG (XTRA:M5Z) acquired an unknown minority stake in CADIS Engineering GmbH on February 4, 2021. Manz AG (XTRA:M5Z) completed the acquisition of an unknown minority stake in CADIS Engineering GmbH on February 4, 2021.
공고 • Jan 26Lam Research Corporation (NasdaqGS:LRCX) completed the acquisition of 80.5% stake in Talus Manufacturing Ltd. from Manz AG (XTRA:M5Z).Lam Research Corporation (NasdaqGS:LRCX) is exercising the contractually agreed option to acquire 80.5% stake in Talus Manufacturing Ltd. from Manz AG (XTRA:M5Z) on November 11, 2020. The exact date from which the acquisition will be legally effective is still subject to regulatory approvals in Taiwan. The proceeds from the sale are to be invested in the expansion of the dynamically growing Energy Storage segment, thus strengthening the core business. Lam Research Corporation (NasdaqGS:LRCX) completed the acquisition of 80.5% stake in Talus Manufacturing Ltd. from Manz AG (XTRA:M5Z) on January 26, 2021. As on January 26, 2021, all regulatory approvals in Taiwan were granted for the transaction.
Is New 90 Day High Low • Jan 23New 90-day high: €46.90The company is up 62% from its price of €29.00 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €172 per share.
공고 • Jan 13Manz AG Receives Order from Us Manufacturer of Electric Vehicles for an Assembly Line for Li-Ion Battery ModulesManz AG, has received an order in the Energy Storage segment from a US manufacturer of electric vehicles for an assembly line for battery modules in the lower double-digit million-euro range. The order will be recognized in sales and earnings in fiscal years 2021 and 2022. The order from the new North American customer, whose battery modules are to be constructed from highly efficient round cells, underscores the great market potential of battery technology for Manz. Following orders from the German AKASOL AG and the Slovakian InoBat Auto, Manz was able to convince the third customer from the e-mobility industry of its solution expertise within a short period of time. The first systems are expected to be installed in the United States as early as 2021, which is planned to take place on schedule despite the ongoing Covid-19 restrictions.
분석 기사 • Jan 13Is Manz AG's (ETR:M5Z) Shareholder Ownership Skewed Towards Insiders?A look at the shareholders of Manz AG ( ETR:M5Z ) can tell us which group is most powerful. Generally speaking, as a...
Price Target Changed • Jan 05Price target raised to €39.28Up from €34.42, the current price target is an average from 2 analysts. The new target price is close to the current share price of €37.80. As of last close, the stock is up 69% over the past year.
Is New 90 Day High Low • Jan 04New 90-day high: €34.90The company is up 20% from its price of €29.00 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €240 per share.
분석 기사 • Dec 18Is There Now An Opportunity In Manz AG (ETR:M5Z)?Manz AG ( ETR:M5Z ), might not be a large cap stock, but it saw a significant share price rise of over 20% in the past...
Major Estimate Revision • Dec 01Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from €0.38 to €0.53. Revenue estimate for the same period was approximately flat at €246.9m. Net income is expected to grow by 243% next year compared to 124% growth forecast for the Semiconductor industry in Germany. The consensus price target increased from €34.42 to €36.22. Share price is up 3.7% to €33.50 over the past week.
분석 기사 • Nov 27We Think Manz (ETR:M5Z) Has A Fair Chunk Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
공고 • Nov 19Manz AG Receives Order from TE ConnectivityManz AG has received an order from TE Connectivity with a total volume in the lower double-digit million-euro range. Both companies had already signed a Letter of Intent in this regard at the end of September. After TE Connectivity ordered the first fully integrated assembly line for the automated production of cell contacting systems in 2018, Manz is now continuing its successful cooperation by supplying a second assembly line. The order in the Electronics segment will affect revenues and earnings already in 2020, but mainly in 2021. Cell contacting systems are a central component of the electric powertrain of e-cars and plug-in hybrids: Depending on size and capacity, several battery modules are integrated and interconnected in every battery-powered e-car. Each of these modules has its own cell contacting system that connects individual battery cells to modules and takes care of power consumption as well as various sensor functions for battery management, such as measuring temperature and voltage.
Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS €0.22The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €51.5m (down 24% from 3Q 2019). Net income: €1.72m (up €7.51m from 3Q 2019). Profit margin: 3.4% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 05Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 42%, compared to a 19% growth forecast for the Semiconductor industry in Germany.
Price Target Changed • Nov 05Price target raised to €34.42Up from €30.62, the current price target is an average from 5 analysts. The new target price is 14% above the current share price of €30.20. As of last close, the stock is up 59% over the past year.
공고 • Oct 04+ 1 more updateManz AG receives major order from InoBat Auto for equipment for R&D center and pilot production line for Li-Ion battery cells in SlovakiaManz AG has received an order with a total volume of more than 20 million euros from Slovakian R&D and battery production company InoBat Auto. The order includes integrated production equipment for setting up a pilot production line for stacked Li-Ion pouch cells for electric vehicles. The annual capacity of the line near Bratislava will be 100 MWh. The research and development center as well as the pilot line will be put into operation at the end of 2021. The gradual expansion of the production capacity of Li-Ion battery cells with an annual capacity of 10 GWh is planned by 2024. With the order from InoBat, Manz is continuing its positive business development in the Energy Storage segment in fiscal year 2020. With over 30 years of experience in process development and production technology for wound and stacked Li-ion battery cells and modules, Manz is benefiting from the strong growth momentum in the field of electromobility.
Price Target Changed • Oct 03Price target raised to €30.62Up from €26.98, the current price target is an average from 4 analysts. The new target price is 5.2% above the current share price of €29.10. As of last close, the stock is up 63% over the past year.
Is New 90 Day High Low • Sep 29New 90-day high: €24.00The company is up 35% from its price of €17.80 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 Semiconductor 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 €198 per share.