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MIKO

Miko ENXTBR:MIKO Stock Report

Last Price

€93.80

Market Cap

€116.5m

7D

-2.9%

1Y

-15.1%

Updated

24 Sep, 2022

Data

Company Financials
MIKO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MIKO Stock Overview

Miko NV, together with its subsidiaries, produces and distributes coffee in Belgium, France, the Netherlands, the United Kingdom, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia, and Australia.

Miko Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Miko
Historical stock prices
Current Share Price€93.80
52 Week High€114.00
52 Week Low€93.80
Beta0.39
1 Month Change-5.06%
3 Month Change-8.49%
1 Year Change-15.11%
3 Year Change-18.44%
5 Year Change-26.78%
Change since IPO178.12%

Recent News & Updates

Shareholder Returns

MIKOBE FoodBE Market
7D-2.9%-6.7%-4.2%
1Y-15.1%-6.7%-14.7%

Return vs Industry: MIKO underperformed the Belgian Food industry which returned -6.7% over the past year.

Return vs Market: MIKO matched the Belgian Market which returned -14.7% over the past year.

Price Volatility

Is MIKO's price volatile compared to industry and market?
MIKO volatility
MIKO Average Weekly Movement2.1%
Food Industry Average Movement3.5%
Market Average Movement4.7%
10% most volatile stocks in BE Market7.8%
10% least volatile stocks in BE Market2.7%

Stable Share Price: MIKO is less volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MIKO's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18011,253Frans Van Tilborghttps://www.mikogroup.be

Miko NV, together with its subsidiaries, produces and distributes coffee in Belgium, France, the Netherlands, the United Kingdom, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia, and Australia. It also provides coffee services; and places medium-sized and large coffee and vending machines. In addition, the company offers a range of soft drinks, snacks, and healthy snacks, as well as milk, tea, and hot chocolates; and technical services.

Miko Fundamentals Summary

How do Miko's earnings and revenue compare to its market cap?
MIKO fundamental statistics
Market Cap€116.50m
Earnings (TTM)€4.11m
Revenue (TTM)€146.59m

28.4x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIKO income statement (TTM)
Revenue€146.59m
Cost of Revenue€69.30m
Gross Profit€77.29m
Other Expenses€73.18m
Earnings€4.11m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.31
Gross Margin52.72%
Net Profit Margin2.80%
Debt/Equity Ratio26.7%

How did MIKO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MIKO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIKO?

Other financial metrics that can be useful for relative valuation.

MIKO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA8.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MIKO's PE Ratio compare to its peers?

MIKO PE Ratio vs Peers
The above table shows the PE ratio for MIKO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.5x
TERB Ter Beke
24.7x108.8%€176.3m
GREEN Greenyard
23.4x33.7%€374.3m
FLOB Floridienne
53.8xn/a€709.2m
LOTB Lotus Bakeries
44.2x11.6%€4.2b
MIKO Miko
28.4xn/a€116.5m

Price-To-Earnings vs Peers: MIKO is good value based on its Price-To-Earnings Ratio (28.4x) compared to the peer average (36.5x).


Price to Earnings Ratio vs Industry

How does MIKO's PE Ratio compare vs other companies in the European Food Industry?

Price-To-Earnings vs Industry: MIKO is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the European Food industry average (15.8x)


Price to Earnings Ratio vs Fair Ratio

What is MIKO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIKO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MIKO's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MIKO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MIKO (€93.8) is trading below our estimate of fair value (€846.44)

Significantly Below Fair Value: MIKO is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Miko forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.1%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Miko has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Miko is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Miko competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Miko performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-22.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MIKO has high quality earnings.

Growing Profit Margin: MIKO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MIKO's earnings have declined by 22.9% per year over the past 5 years.

Accelerating Growth: MIKO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MIKO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (95.6%).


Return on Equity

High ROE: MIKO's Return on Equity (3%) is considered low.


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Financial Health

How is Miko's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MIKO's short term assets (€123.9M) exceed its short term liabilities (€69.5M).

Long Term Liabilities: MIKO's short term assets (€123.9M) exceed its long term liabilities (€77.0M).


Debt to Equity History and Analysis

Debt Level: MIKO has more cash than its total debt.

Reducing Debt: MIKO's debt to equity ratio has reduced from 47.2% to 26.7% over the past 5 years.

Debt Coverage: MIKO's debt is well covered by operating cash flow (67.9%).

Interest Coverage: MIKO's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


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Dividend

What is Miko current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MIKO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MIKO'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 MIKO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MIKO's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: MIKO is not paying a notable dividend for the Belgian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MIKO has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

8.2yrs

Average board tenure


CEO

Frans Van Tilborg (57 yo)

12.33yrs

Tenure

€460,187

Compensation

Mr. Frans Van Tilborg serves as Managing Director of Miko Leo Coffee GmbH-Germany and Miko Coffee Ltd -Uk. Mr. Van Tilborg has been the Chief Executive Officer and Managing Director of Miko NV since May 12...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Frans's total compensation is reasonable compared to companies of similar size in the Belgian market.

Compensation vs Earnings: Frans's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: MIKO's board of directors are considered experienced (8.2 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 5 shareholders own 5.53% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
4.27%
FMR LLC
52,996€5.0m0%no data
0.39%
KBC Asset Management NV
4,889€458.6k0%no data
0.36%
Capricorn Partners
4,479€420.1k0%0.17%
0.27%
Leo Stevens & Cie Bvba
3,300€309.5k0%0.53%
0.24%
Capfi Delen Asset Management NV
3,000€281.4k0%no data

Company Information

Miko NV's employee growth, exchange listings and data sources


Key Information

  • Name: Miko NV
  • Ticker: MIKO
  • Exchange: ENXTBR
  • Founded: 1801
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: €116.500m
  • Shares outstanding: 1.24m
  • Website: https://www.mikogroup.be

Number of Employees


Location

  • Miko NV
  • Steenweg op Mol 177
  • Turnhout
  • Antwerp
  • 2300
  • Belgium


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIKOENXTBR (Euronext Brussels)YesShare CapitalBEEURSep 1998
MIKOBBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURSep 1998

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.