Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CHF4.30, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 16x in the Media industry in Europe. Total loss to shareholders of 9.1% over the past three years. Announcement • Apr 11
MCH Group AG, Annual General Meeting, May 06, 2026 MCH Group AG, Annual General Meeting, May 06, 2026, at 16:00 W. Europe Standard Time. New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 101% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: CHF0.60 (vs CHF0.097 in FY 2024) Full year 2025 results: EPS: CHF0.60 (up from CHF0.097 in FY 2024). Revenue: CHF423.0m (flat on FY 2024). Net income: CHF18.6m (up CHF15.6m from FY 2024). Profit margin: 4.4% (up from 0.7% in FY 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CHF4.13, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 15x in the Media industry in Europe. Total loss to shareholders of 15% over the past three years. New Risk • Dec 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 5.1% 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: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). New Risk • Oct 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Announcement • Apr 28
MCH Group AG, Annual General Meeting, May 27, 2025 MCH Group AG, Annual General Meeting, May 27, 2025, at 16:00 W. Europe Standard Time. New Risk • Mar 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • Apr 29
MCH Group AG, Annual General Meeting, May 21, 2024 MCH Group AG, Annual General Meeting, May 21, 2024. New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Major Estimate Revision • Sep 19
Consensus EPS estimates upgraded to CHF0.03 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CHF444.9m to CHF412.1m. 2023 losses expected to reduce from -CHF0.06 to -CHF0.03 per share. Media industry in Switzerland expected to see average net income growth of 11% next year. Consensus price target of CHF7.00 unchanged from last update. Share price rose 13% to CHF4.50 over the past week. New Risk • Aug 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. Announcement • Aug 29
MCH Group Provides Earnings Guidance for the Year 2023 MCH Group provided earnings guidance for the year 2023. The company expects an improvement in operating results for the full year 2023 compared to 2022, but again a consolidated net loss for the Group in the single-digit million range. Reported Earnings • Mar 30
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: CHF0.49 loss per share (improved from CHF1.14 loss in FY 2021). Revenue: CHF390.9m (up 105% from FY 2021). Net loss: CHF9.01m (loss narrowed 47% from FY 2021). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 47%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 9 non-independent directors. Chairman of the Board of Directors Andrea Zappia was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Announcement • Oct 12
MCH Group AG has completed a Follow-on Equity Offering in the amount of CHF 76.873031 million. MCH Group AG has completed a Follow-on Equity Offering in the amount of CHF 76.873031 million.
Security Name: Registered Shares
Security Type: Common Stock
Securities Offered: 16,183,796
Price\Range: CHF 4.75
Transaction Features: Rights Offering Reported Earnings • Sep 02
First half 2022 earnings released: CHF0.85 loss per share (vs CHF1.95 loss in 1H 2021) First half 2022 results: CHF0.85 loss per share (up from CHF1.95 loss in 1H 2021). Revenue: CHF189.3m (up 377% from 1H 2021). Net loss: CHF12.6m (loss narrowed 57% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 4.8% growth forecast for the Media industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Aug 31
MCH Group AG Provides Loss Guidance for the Second Half of 2022 MCH Group AG provided loss guidance for the second half of 2022 will show a consolidated loss in the low to mid single-digit million range at Group level. Announcement • Jun 17
MCH Group AG Announces Cessation of Andreas Eggimann as Chief Digital & Information Officer (CDIO) and Member of the Executive Board MCH Group AG announced that Andreas Eggimann, Chief Digital & Information Officer (CDIO) and member of the Executive Board, has decided to leave MCH Group in the course of the summer to take on a new professional challenge. The search process for his successor has been initiated. Announcement • May 02
MCH Group AG, Annual General Meeting, May 23, 2022 MCH Group AG, Annual General Meeting, May 23, 2022. Agenda: To consider reducing the nominal value per share; to consider the re-election of the current members of the Board of Directors and its Chairman for a further financial year; to consider and propose various adjustments to the Articles of Association in order to be able to introduce a new remuneration model for management with a "Performance Share Unit" plan; and to consider other business issues. Price Target Changed • Apr 27
Price target decreased to CHF11.00 Down from CHF25.00, the current price target is provided by 1 analyst. New target price is 29% above last closing price of CHF8.50. Stock is down 32% over the past year. The company is forecast to post a net loss per share of CHF0.66 next year compared to a net loss per share of CHF1.14 last year. Board Change • Apr 27
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. No independent directors (9 non-independent directors). Director Christoph Brutschin is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 25
Investor Lee Seeks Buyer for Swiss MCH Group Erhard Lee, a major shareholder in MCH Group AG (SWX:MCHN), is on the lookout for a buyer for the Swiss live marketing specialist, targeting a valuation of some CHF 130 million ($136.9 million/EUR 125.7 million), the investor has told newspaper Finanz und Wirtschaft. Lee, who holds 5% of MCH via his asset manager AMG, is already in talks with interested investors from the US, Scandinavia, the Arab world and Hong Kong. The target is to get a takeover offer of CHF 15 per share, corresponding to a market value of CHF 130 million. MCH's shares closed 0.68% lower at CHF 8.74 on April 22, 2022 in Zurich. Announcement • Apr 15
MCH Group AG announced that it expects to receive funding from Lupa Systems, LLC MCH Group AG announced a private placement to receive equity round of funding on April 13, 2022. The Government of the Canton of Basel-Stadt is asking the cantonal parliament to participate in the planned capital increase with an amount of up to CHF 34,000,000. Under this condition, Lupa Systems, LLC will also invest up to CHF 34,000,000 in the company. The capital increase is to be carried out with subscription rights for all shareholders. Reported Earnings • Mar 30
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: CHF1.14 loss per share (up from CHF4.82 loss in FY 2020). Revenue: CHF237.7m (up 46% from FY 2020). Net loss: CHF16.8m (loss narrowed 77% from FY 2020). Revenue exceeded analyst estimates by 43%. Earnings per share (EPS) missed analyst estimates by 41%. Over the next year, revenue is forecast to grow 28%, compared to a 602% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 06
First half 2021 earnings released: CHF1.95 loss per share (vs CHF3.91 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: CHF39.7m (down 67% from 1H 2020). Net loss: CHF29.0m (loss widened 23% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jun 03
MCH Group AG (SWX:MCHN) acquired Digital Festival AG. MCH Group AG (SWX:MCHN) acquired Digital Festival AG on June 1, 2021. The transaction includes platforms Digital Festival, HackZurich and HackZurich Talents. The operational team around managing Director and Co-Founder Jonathan Isenring is being integrated in the MCH Group and will continue to be responsible for the platforms and their further development, thus ensuring continuity.
MCH Group AG (SWX:MCHN) completed the acquisition of Digital Festival AG on June 1, 2021. Executive Departure • May 05
Director has left the company On the 28th of April, Andreas Widmer's tenure as Director ended after 5.0 years in the role. We don't have any record of a personal shareholding under Andreas' name. A total of 7 executives have left over the last 12 months. Executive Departure • May 05
Chairman of the Board of Directors Ulrich Vischer has left the company On the 28th of April, Ulrich Vischer's tenure in the role of Chairman of the Board of Directors ended. As of December 2020, Ulrich personally held only 777.00 shares (CHF9.3k worth at the time). A total of 7 executives have left over the last 12 months. Executive Departure • May 05
Director has left the company On the 28th of April, Hans-Kristian Hoejsgaard's tenure as Director ended after 2.0 years in the role. As of December 2020, Hans-Kristian personally held only 1.86k shares (CHF22k worth at the time). A total of 7 executives have left over the last 12 months. Reported Earnings • Mar 27
Full year 2020 earnings released: CHF4.82 loss per share (vs CHF1.61 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CHF163.1m (down 63% from FY 2019). Net loss: CHF71.7m (loss widened CHF62.0m from FY 2019). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 11
New 90-day low: CHF12.00 The company is down 9.0% from its price of CHF13.25 on 11 September 2020. The Swiss market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 21% over the same period. Announcement • Nov 27
MCH Group AG Elects James Murdoch, Jeffrey Palker and Eleni Lionaki as New Board Members MCH Group AG has elected James Murdoch, Jeffrey Palker and Eleni Lionaki as new members of the Board of Directors who will be in office after the capital increases have been completed. Is New 90 Day High Low • Oct 16
New 90-day low: CHF13.00 The company is down 23% from its price of CHF16.95 on 17 July 2020. The Swiss market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 9.0% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of CHF37.1m, with losses narrowing by 82% from the prior year. Total revenue was CHF287.1m over the last 12 months, down 34% from the prior year. Major Estimate Revision • Sep 27
Analysts lower revenue estimates to CHF194.8m The 2020 consensus revenue estimate decreased from CHF252.6m. Earnings per share (EPS) also decreased, with analysts lowering their estimates from -CHF3.20 to -CHF9.41 for the same period. The Media industry in Switzerland is expected to see an average net income growth of 2.1% next year. The consensus price target of CHF12.50 was unchanged from the last update. Share price is down by 2.5% to CHF13.90 over the past week. Announcement • Aug 29
MCH Group AG to Report First Half, 2020 Results on Sep 30, 2020 MCH Group AG announced that they will report first half, 2020 results on Sep 30, 2020