Mikron Holding AG, together with its subsidiaries, develops, produces, and markets automation and machining systems for precise and productive manufacturing processes worldwide.
Flawless balance sheet and good value.
Share Price & News
How has Mikron Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIKN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MIKN underperformed the Swiss Machinery industry which returned 1.8% over the past year.
Return vs Market: MIKN underperformed the Swiss Market which returned 3.6% over the past year.
Price Volatility Vs. Market
How volatile is Mikron Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StInvestors Who Bought Mikron Holding (VTX:MIKN) Shares A Year Ago Are Now Down 18%
1 year ago | Simply Wall StExamining Mikron Holding AG’s (VTX:MIKN) Weak Return On Capital Employed
1 year ago | Simply Wall StIs Mikron Holding AG's (VTX:MIKN) CEO Paid At A Competitive Rate?
Is Mikron Holding undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MIKN (CHF5.4) is trading above our estimate of fair value (CHF2.97)
Significantly Below Fair Value: MIKN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MIKN is good value based on its PE Ratio (10x) compared to the Machinery industry average (19.4x).
PE vs Market: MIKN is good value based on its PE Ratio (10x) compared to the Swiss market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: MIKN is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: MIKN is good value based on its PB Ratio (0.5x) compared to the CH Machinery industry average (2.1x).
How is Mikron Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIKN's forecast earnings growth (46.9% per year) is above the savings rate (-0.2%).
Earnings vs Market: MIKN's earnings (46.9% per year) are forecast to grow faster than the Swiss market (8.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MIKN's revenue (4.6% per year) is forecast to grow faster than the Swiss market (2.3% per year).
High Growth Revenue: MIKN's revenue (4.6% 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 MIKN's Return on Equity is forecast to be high in 3 years time
How has Mikron Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIKN has high quality earnings.
Growing Profit Margin: MIKN's current net profit margins (2.7%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: MIKN's earnings have grown significantly by 52.5% per year over the past 5 years.
Accelerating Growth: MIKN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MIKN had negative earnings growth (-28.4%) over the past year, making it difficult to compare to the Machinery industry average (0.5%).
Return on Equity
High ROE: MIKN's Return on Equity (5.2%) is considered low.
How is Mikron Holding's financial position?
Financial Position Analysis
Short Term Liabilities: MIKN's short term assets (CHF178.0M) exceed its short term liabilities (CHF103.6M).
Long Term Liabilities: MIKN's short term assets (CHF178.0M) exceed its long term liabilities (CHF16.6M).
Debt to Equity History and Analysis
Debt Level: MIKN's debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: MIKN's debt to equity ratio has reduced from 8.9% to 8.2% over the past 5 years.
Debt Coverage: MIKN's debt is well covered by operating cash flow (52.6%).
Interest Coverage: MIKN's interest payments on its debt are well covered by EBIT (174.7x coverage).
What is Mikron Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MIKN's dividend (0.56%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.94%).
High Dividend: MIKN's dividend (0.56%) is low compared to the top 25% of dividend payers in the Swiss market (3.83%).
Stability and Growth of Payments
Stable Dividend: MIKN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are stable.
Growing Dividend: MIKN is not paying a notable dividend for the Swiss market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MIKN is not paying a notable dividend for the Swiss market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MIKN's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruno Cathomen (52yo)
Mr. Bruno Cathomen, Dipl. Ing. ETH, has been the Chief Executive Officer of Mikron Holding AG since October 1, 2011 and as its Head of Mikron Machining Solutions since October 2009. Mr. Cathomen served as ...
CEO Compensation Analysis
Compensation vs Market: Bruno's total compensation ($USD669.02K) is about average for companies of similar size in the Swiss market ($USD537.11K).
Compensation vs Earnings: Bruno's compensation has been consistent with company performance over the past year.
|Group CEO & Head of Mikron Machining Solutions||8.67yrs||CHF644.00k||0.31% CHF271.3k|
|Chief Financial Officer||1.83yrs||no data||0.061% CHF54.0k|
|Head of Finance||no data||no data||no data|
|Head of Mikron Automation||18.42yrs||no data||0.22% CHF196.8k|
|Head of Marketing & Business Development - Mikron Automation||no data||no data||no data|
Experienced Management: MIKN's management team is seasoned and experienced (8.7 years average tenure).
|Non-Executive Vice-Chairman||9.67yrs||CHF94.00k||0.16% CHF137.7k|
|Non-Executive Chairman||9.67yrs||CHF121.00k||0.11% CHF100.8k|
|Non-Executive Director||2.17yrs||CHF87.00k||0.29% CHF255.4k|
|Non-Executive Director||4.42yrs||CHF87.00k||0.025% CHF21.6k|
|Non-Executive Director||7.17yrs||CHF87.00k||0.025% CHF21.6k|
|Non-Executive Director||9.42yrs||CHF78.00k||no data|
Experienced Board: MIKN's board of directors are considered experienced (8.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mikron Holding AG's company bio, employee growth, exchange listings and data sources
- Name: Mikron Holding AG
- Ticker: MIKN
- Exchange: SWX
- Founded: 1908
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: CHF88.171m
- Shares outstanding: 16.33m
- Website: https://www.mikron.com
Number of Employees
- Mikron Holding AG
- MUehlebrUecke 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIKN||SWX (SIX Swiss Exchange)||Yes||Registered Shares||CH||CHF||Jan 1992|
|MH4N||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||Jan 1992|
|0QQF||LSE (London Stock Exchange)||Yes||Registered Shares||GB||CHF||Jan 1992|
Mikron Holding AG, together with its subsidiaries, develops, produces, and markets automation and machining systems for precise and productive manufacturing processes worldwide. The company operates in two segments, Mikron Automation and Mikron Machining Solutions. The Mikron Automation segment manufactures scalable and customized assembly systems. Its solutions include automation assembly and testing systems; feeding systems; and customized systems, including rotary and linear indexing systems, manual systems, robotic cells, wafer handling, and semi-automatic systems, as well as spare parts, technical support, improvement, training, and partner support services. The Mikron Machining Solutions segment supplies machining systems for the manufacture of high-precision components made of metal, such as turbocharger housings, injection nozzles, and ballpoint pen tips. It offers productive systems, machining centers, and pre-machining equipment; and support services. This segment also develops and produces high-precision cutting tools for the high-end market. It serves the automotive, electronics and telecommunications, medtech, consumer goods, construction/building, pneumatics and hydraulics, pharmaceutical, electrical, writing instruments, and watchmaking industries. The company was founded in 1908 and is based in Biel, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 21:03|
|End of Day Share Price||2020/06/05 00:00|
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.