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MONB

Monbat AD BUL:MONB Stock Report

Last Price

лв5.30

Market Cap

лв206.6m

7D

1.9%

1Y

-18.5%

Updated

12 Aug, 2022

Data

Company Financials
MONB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends2/6

MONB Stock Overview

Monbat AD, together with its subsidiaries, manufactures and sells batteries worldwide.

Monbat AD Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Monbat AD
Historical stock prices
Current Share Priceлв5.30
52 Week Highлв6.60
52 Week Lowлв4.70
Beta0.59
1 Month Change2.91%
3 Month Change-7.02%
1 Year Change-18.46%
3 Year Change-20.30%
5 Year Change-53.06%
Change since IPO-58.32%

Recent News & Updates

Jun 17
Monbat AD's (BUL:MONB) Shareholders Will Receive A Smaller Dividend Than Last Year

Monbat AD's (BUL:MONB) Shareholders Will Receive A Smaller Dividend Than Last Year

The board of Monbat AD ( BUL:MONB ) has announced it will be reducing its dividend by 21% on the 1st of January, with...

Shareholder Returns

MONBBG ElectricalBG Market
7D1.9%0.9%0.4%
1Y-18.5%-15.6%8.8%

Return vs Industry: MONB underperformed the BG Electrical industry which returned -15.6% over the past year.

Return vs Market: MONB underperformed the BG Market which returned 8.8% over the past year.

Price Volatility

Is MONB's price volatile compared to industry and market?
MONB volatility
MONB Average Weekly Movement5.5%
Electrical Industry Average Movement6.5%
Market Average Movement5.2%
10% most volatile stocks in BG Market8.9%
10% least volatile stocks in BG Market2.5%

Stable Share Price: MONB is not significantly more volatile than the rest of BG stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MONB's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19591,044n/ahttps://www.monbatgroup.com

Monbat AD, together with its subsidiaries, manufactures and sells batteries worldwide. The company operates through Lead-Acid Batteries and Li-Ion High-Power Solutions segments. It provides starter batteries for light vehicles, commercial and heavy duty vehicles, special vehicles, lawnmowers, and railway vehicles; stationary batteries, including reserved power batteries for radio and broadcasting stations, mobile and landline communication systems, telecom exchange and voice/data transmission equipment, small and medium size industrial solar systems, public buildings, and renewable energy sources; and high temperature batteries for telecom and industrial applications.

Monbat AD Fundamentals Summary

How do Monbat AD's earnings and revenue compare to its market cap?
MONB fundamental statistics
Market Capлв206.64m
Earnings (TTM)лв2.36m
Revenue (TTM)лв375.05m

87.5x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MONB income statement (TTM)
Revenueлв375.05m
Cost of Revenueлв248.58m
Gross Profitлв126.48m
Other Expensesлв124.12m
Earningsлв2.36m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.061
Gross Margin33.72%
Net Profit Margin0.63%
Debt/Equity Ratio88.5%

How did MONB perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

233%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 MONB?

Other financial metrics that can be useful for relative valuation.

MONB 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/Revenue1x
Enterprise Value/EBITDA15.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

MONB PE Ratio vs Peers
The above table shows the PE ratio for MONB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.6x
SPH Stara Planina Hold
13.4xn/aлв177.6m
IHB Industrial Holding Bulgaria AD
7.6xn/aлв197.5m
AGH Agria Group Holding AD
5x-6.7%лв203.3m
CHIM Chimimport AD
4.5xn/aлв194.8m
MONB Monbat AD
87.5xn/aлв206.6m

Price-To-Earnings vs Peers: MONB is expensive based on its Price-To-Earnings Ratio (87.5x) compared to the peer average (7.6x).


Price to Earnings Ratio vs Industry

How does MONB's PE Ratio compare vs other companies in the European Electrical Industry?

Price-To-Earnings vs Industry: MONB is expensive based on its Price-To-Earnings Ratio (87.5x) compared to the European Electrical industry average (21.6x)


Price to Earnings Ratio vs Fair Ratio

What is MONB'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.

MONB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio87.5x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: MONB (BGN5.3) is trading below our estimate of fair value (BGN18.45)

Significantly Below Fair Value: MONB 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 Monbat AD 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


23.9%

Forecasted Capital Goods 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 Monbat AD 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.


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Past Performance

How has Monbat AD performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-44.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MONB has high quality earnings.

Growing Profit Margin: MONB's current net profit margins (0.6%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: MONB's earnings have declined by 44.1% per year over the past 5 years.

Accelerating Growth: MONB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MONB had negative earnings growth (-59.1%) over the past year, making it difficult to compare to the Electrical industry average (28.3%).


Return on Equity

High ROE: MONB's Return on Equity (1%) is considered low.


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Financial Health

How is Monbat AD's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MONB's short term assets (BGN249.1M) exceed its short term liabilities (BGN172.5M).

Long Term Liabilities: MONB's short term assets (BGN249.1M) exceed its long term liabilities (BGN83.0M).


Debt to Equity History and Analysis

Debt Level: MONB's net debt to equity ratio (83.2%) is considered high.

Reducing Debt: MONB's debt to equity ratio has increased from 52.1% to 88.5% over the past 5 years.

Debt Coverage: MONB's debt is well covered by operating cash flow (21.2%).

Interest Coverage: MONB's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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Dividend

What is Monbat AD current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.66%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MONB's dividend (2.66%) is higher than the bottom 25% of dividend payers in the BG market (1.31%).

High Dividend: MONB's dividend (2.66%) is low compared to the top 25% of dividend payers in the BG market (6.19%).


Stability and Growth of Payments

Stable Dividend: MONB's dividend payments have been volatile in the past 10 years.

Growing Dividend: MONB's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (232.9%), MONB's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.1%), MONB's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.3yrs

Average board tenure


CEO

Monbat AD has no CEO, or we have no data on them.


Board Members

Experienced Board: MONB's board of directors are not considered experienced ( 2.3 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Monbat AD's employee growth, exchange listings and data sources


Key Information

  • Name: Monbat AD
  • Ticker: MONB
  • Exchange: BUL
  • Founded: 1959
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: лв206.642m
  • Shares outstanding: 38.99m
  • Website: https://www.monbatgroup.com

Number of Employees


Location

  • Monbat AD
  • 32 A Cherni vrah boulevard
  • 4th Floor
  • Sofia
  • 1407
  • Bulgaria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/03/31
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.