SWX:MCHN

Stock Analysis Report

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Executive Summary

MCH Group AG operates as a live marketing company that provides a network of services in the exhibition and event market worldwide. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has MCH Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MCHN is more volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MCHN's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Swiss stocks.


Market Performance


7 Day Return

-2.3%

MCHN

-0.6%

CH Media

0.4%

CH Market


1 Year Return

-50.6%

MCHN

-10.2%

CH Media

-0.2%

CH Market

Return vs Industry: MCHN underperformed the Swiss Media industry which returned -10.2% over the past year.

Return vs Market: MCHN underperformed the Swiss Market which returned -0.2% over the past year.


Shareholder returns

MCHNIndustryMarket
7 Day-2.3%-0.6%0.4%
30 Day9.2%1.5%3.9%
90 Day-4.9%19.6%5.9%
1 Year-42.7%-50.6%-7.8%-10.2%3.4%-0.2%
3 Year-77.2%-80.3%-17.6%-27.4%19.9%4.8%
5 Year-75.9%-79.5%-12.6%-29.1%52.2%27.0%

Long-Term Price Volatility Vs. Market

How volatile is MCH Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MCH Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MCHN (CHF12.5) is trading below our estimate of fair value (CHF117.84)

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


Price To Earnings Ratio

PE vs Industry: MCHN is unprofitable, so we can't compare its PE Ratio to the XE Media industry average.

PE vs Market: MCHN is unprofitable, so we can't compare its PE Ratio to the Swiss market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MCHN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCHN is overvalued based on its PB Ratio (3.4x) compared to the XE Media industry average (1.6x).


Next Steps

Future Growth

How is MCH Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

25.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCHN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MCHN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MCHN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MCHN's revenue is expected to decline over the next 3 years (-11.2% per year).

High Growth Revenue: MCHN's revenue is forecast to decline over the next 3 years (-11.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MCHN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MCH Group performed over the past 5 years?

-47.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCHN is currently unprofitable.

Growing Profit Margin: MCHN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCHN is unprofitable, and losses have increased over the past 5 years at a rate of 47.1% per year.

Accelerating Growth: Unable to compare MCHN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MCHN is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-6.2%).


Return on Equity

High ROE: MCHN has a negative Return on Equity (-171.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is MCH Group's financial position?


Financial Position Analysis

Short Term Liabilities: MCHN's short term assets (CHF200.4M) exceed its short term liabilities (CHF100.2M).

Long Term Liabilities: MCHN's short term assets (CHF200.4M) do not cover its long term liabilities (CHF292.0M).


Debt to Equity History and Analysis

Debt Level: MCHN's debt to equity ratio (1321.3%) is considered high.

Reducing Debt: MCHN's debt to equity ratio has increased from 73.7% to 1321.3% 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: MCHN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MCHN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is MCH Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: MCHN is not paying a notable dividend for the Swiss market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCHN's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Bernd Stadlwieser (52 yo)

1.58yrs

Tenure

CHF923,455

Compensation

Mr. Bernd Stadlwieser serves as Chief Executive Officer and Member of Executive Board at MCH Group AG since June 12, 2019.


CEO Compensation Analysis

Compensation vs Market: Bernd's total compensation ($USD1.04M) is above average for companies of similar size in the Swiss market ($USD685.29K).

Compensation vs Earnings: Insufficient data to compare Bernd's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Bernd Stadlwieser
CEO & Member of Executive Board1.58yrsCHF923.46k0.010%
CHF 18.8k
Beat Zwahlen
CFO & Member of Executive Board2.67yrsno datano data
Florian Faber
CEO of Live Marketing Solutions & Member of Executive Board2yrsno datano data
Andreas Eggimann
Chief Digital & Innovation Officer and Member of Executive Board1.17yrsno datano data
Marc Spiegler
Global Director Art Basel & Member of Executive Board1yrno datano data
Philipp Cox
Group Legal Department1.83yrsno datano data
Christian Jecker
Head of Corporate Communicationsno datano datano data
Andreas Gnepf
Corporate HRno datano datano data

1.7yrs

Average Tenure

52yo

Average Age

Experienced Management: MCHN's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
James Murdoch
Director0.42yrno datano data
Markus Breitenmoser
Director1.67yrsCHF20.10k0.0077%
CHF 14.4k
Ulrich Vischer
Chairman of the Board of Directorsno dataCHF119.29k0.0021%
CHF 3.9k
Eva Herzog
Director15.75yrsCHF28.00kno data
Hans-Kristian Hoejsgaard
Director1.67yrsCHF33.05k0.0067%
CHF 12.5k
Jeffrey Palker
Director0.42yrno datano data
Christoph Brutschin
Vice Chairman4.58yrsCHF63.00kno data
Thomas Weber
Director7.5yrsCHF32.00kno data
Balz Hösly
Director2.83yrsCHF52.44kno data
Andreas Widmer
Director4.75yrsCHF45.58kno data
Dagmar Maria Borens
Director1.67yrsCHF35.48kno data
Eleni Lionaki
Director0.42yrno datano data

1.7yrs

Average Tenure

59yo

Average Age

Experienced Board: MCHN's board of directors are not considered experienced ( 1.7 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 been substantially diluted in the past year, with total shares outstanding growing by 147.6%.


Top Shareholders

Company Information

MCH Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MCH Group AG
  • Ticker: MCHN
  • Exchange: SWX
  • Founded: 1916
  • Industry: Advertising
  • Sector: Media
  • Market Cap: CHF185.867m
  • Shares outstanding: 14.87m
  • Website: https://www.mch-group.com

Number of Employees


Location

  • MCH Group AG
  • Messeplatz 10
  • Basel
  • Basel-Stadt
  • 4005
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCHNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJul 2001
MEF1DB (Deutsche Boerse AG)YesRegistered SharesDEEURJul 2001
0QPFLSE (London Stock Exchange)YesRegistered SharesGBCHFJul 2001

Biography

MCH Group AG operates as a live marketing company that provides a network of services in the exhibition and event market worldwide. The company organizes exhibitions, congresses, concerts, and various corp...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 02:55
End of Day Share Price2021/01/14 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.