Executive Summary
Marley Spoon AG provides subscription-based weekly meal kit services in Australia, the United States, Austria, Belgium, Denmark, Sweden, Germany, and the Netherlands. More Details
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Marley Spoon's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MMM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MMM's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
4.6%
MMM
3.4%
AU Online Retail
2.2%
AU Market
1 Year Return
127.3%
MMM
240.0%
AU Online Retail
36.3%
AU Market
Return vs Industry: MMM underperformed the Australian Online Retail industry which returned 247.6% over the past year.
Return vs Market: MMM exceeded the Australian Market which returned 37.1% over the past year.
Shareholder returns
| MMM | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.6% | 3.4% | 2.2% |
| 30 Day | 8.7% | 3.1% | 3.2% |
| 90 Day | -0.7% | -9.5% | 4.6% |
| 1 Year | 127.3%127.3% | 242.5%240.0% | 40.5%36.3% |
| 3 Year | n/a | 141.3%132.6% | 34.3%18.2% |
| 5 Year | n/a | 272.5%258.7% | 64.5%32.5% |
Long-Term Price Volatility Vs. Market
How volatile is Marley Spoon's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
An Intrinsic Calculation For Marley Spoon AG (ASX:MMM) Suggests It's 29% Undervalued3 weeks ago | Simply Wall St
Marley Spoon's (ASX:MMM) Wonderful 540% Share Price Increase Shows How Capitalism Can Build Wealth1 month ago | Simply Wall St
Is Marley Spoon (ASX:MMM) Using Debt Sensibly?Valuation
Is Marley Spoon undervalued compared to its fair value and its price relative to the market?
31.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MMM (A$2.75) is trading below our estimate of fair value (A$4)
Significantly Below Fair Value: MMM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MMM is unprofitable, so we can't compare its PE Ratio to the AU Online Retail industry average.
PE vs Market: MMM is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MMM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MMM is overvalued based on its PB Ratio (49.9x) compared to the AU Online Retail industry average (13.6x).
Future Growth
How is Marley Spoon forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
82.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MMM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: MMM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MMM's is expected to become profitable in the next 3 years.
Revenue vs Market: MMM's revenue (16.6% per year) is forecast to grow faster than the Australian market (5.7% per year).
High Growth Revenue: MMM's revenue (16.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MMM's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Marley Spoon performed over the past 5 years?
-31.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMM is currently unprofitable.
Growing Profit Margin: MMM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MMM is unprofitable, and losses have increased over the past 5 years at a rate of 31.4% per year.
Accelerating Growth: Unable to compare MMM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MMM is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (46.3%).
Return on Equity
High ROE: MMM has a negative Return on Equity (-1062.61%), as it is currently unprofitable.
Financial Health
How is Marley Spoon's financial position?
Financial Position Analysis
Short Term Liabilities: MMM's short term assets (€44.1M) exceed its short term liabilities (€37.0M).
Long Term Liabilities: MMM's short term assets (€44.1M) exceed its long term liabilities (€27.9M).
Debt to Equity History and Analysis
Debt Level: MMM's debt to equity ratio (260.3%) is considered high.
Reducing Debt: MMM's debt to equity ratio has increased from 0.2% to 260.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MMM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MMM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Marley Spoon current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MMM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MMM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MMM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MMM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MMM's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Gilbert Siegel
no data
Tenure
€412,001
Compensation
Mr. Gilbert Fabian Siegel served as Venture Partner at Global Founders Capital. He joined Global Founders in February 2013 and has previously served as a Partner. Mr. Siegel is Founder of Marley Spoon AG s...
CEO Compensation Analysis
Compensation vs Market: Gilbert's total compensation ($USD489.60K) is about average for companies of similar size in the Australian market ($USD690.63K).
Compensation vs Earnings: Gilbert's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: MMM's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
Experienced Board: MMM's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 61.5%.
Top Shareholders
Company Information
Marley Spoon AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Marley Spoon AG
- Ticker: MMM
- Exchange: ASX
- Founded: 2014
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: AU$732.232m
- Shares outstanding: 256.03m
- Website: https://www.marleyspoon.de
Number of Employees
Location
- Marley Spoon AG
- Paul-Lincke-Ufer 39/40
- Berlin
- Berlin
- 10999
- Germany
Listings
Biography
Marley Spoon AG provides subscription-based weekly meal kit services in Australia, the United States, Austria, Belgium, Denmark, Sweden, Germany, and the Netherlands. The company creates original recipes a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 08:15 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.