NOT FOR DISTRIBUTION
Header cover image

Meyer Burger Technology

Market Cap

CHF957.2m

Last Updated

2021/05/07 01:41 UTC

Data Sources

Company Financials +

Executive Summary

Meyer Burger Technology AG, a technology company, provides systems and production equipment to the photovoltaic industries. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Meyer Burger Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MBTN is more volatile than 90% of Swiss stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MBTN's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Swiss stocks.


Market Performance


7 Day Return

-9.9%

MBTN

-3.6%

CH Semiconductor

0.3%

CH Market


1 Year Return

62.5%

MBTN

79.7%

CH Semiconductor

16.1%

CH Market

Return vs Industry: MBTN underperformed the Swiss Semiconductor industry which returned 87.1% over the past year.

Return vs Market: MBTN exceeded the Swiss Market which returned 17% over the past year.


Shareholder returns

MBTNIndustryMarket
7 Day-9.9%-3.6%0.3%
30 Day-17.9%-4.0%-0.5%
90 Day-0.2%6.6%3.9%
1 Year113.9%62.5%81.1%79.7%19.6%16.1%
3 Year-56.6%-67.0%109.2%93.7%29.6%14.7%
5 Year-83.6%-89.3%359.9%313.0%61.4%31.9%

Long-Term Price Volatility Vs. Market

How volatile is Meyer Burger Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Meyer Burger Technology 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: MBTN (CHF0.38) is trading below our estimate of fair value (CHF1.72)

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


Price To Earnings Ratio

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

PE vs Market: MBTN 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 MBTN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MBTN's PB Ratio (3.7x) is in line with the XE Semiconductor industry average.


Future Growth

How is Meyer Burger Technology forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

68.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBTN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.3%).

Earnings vs Market: MBTN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MBTN's is expected to become profitable in the next 3 years.

Revenue vs Market: MBTN's revenue (41.3% per year) is forecast to grow faster than the Swiss market (4.6% per year).

High Growth Revenue: MBTN's revenue (41.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MBTN's Return on Equity is forecast to be low in 3 years time (16.4%).


Past Performance

How has Meyer Burger Technology performed over the past 5 years?

19.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBTN is currently unprofitable.

Growing Profit Margin: MBTN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MBTN is unprofitable, but has reduced losses over the past 5 years at a rate of 19.5% per year.

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

Earnings vs Industry: MBTN is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (39.9%).


Return on Equity

High ROE: MBTN has a negative Return on Equity (-24.82%), as it is currently unprofitable.


Financial Health

How is Meyer Burger Technology's financial position?


Financial Position Analysis

Short Term Liabilities: MBTN's short term assets (CHF223.0M) exceed its short term liabilities (CHF34.3M).

Long Term Liabilities: MBTN's short term assets (CHF223.0M) exceed its long term liabilities (CHF2.7M).


Debt to Equity History and Analysis

Debt Level: MBTN's debt to equity ratio (0.05%) is considered satisfactory.

Reducing Debt: MBTN's debt to equity ratio has reduced from 141.6% to 0.05% 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: MBTN has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MBTN has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 12.9% each year.


Dividend

What is Meyer Burger Technology current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MBTN'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?

0.6yrs

Average management tenure


CEO

Gunter Erfurt (47 yo)

1.17yrs

Tenure

CHF1,253,000

Compensation

Dr. Gunter Erfurt has been the Chief Executive Officer and Chairman of the Management Board at Meyer Burger (Germany) AG since December 23, 2015 and December 1, 2015 respectively. Dr. Erfurt had been the C...


CEO Compensation Analysis

Compensation vs Market: Gunter's total compensation ($USD1.38M) is about average for companies of similar size in the Swiss market ($USD1.21M).

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


Leadership Team

Experienced Management: MBTN's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: MBTN's board of directors are not considered experienced ( 1.3 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 been substantially diluted in the past year, with total shares outstanding growing by 267.6%.


Top Shareholders

Company Information

Meyer Burger Technology AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meyer Burger Technology AG
  • Ticker: MBTN
  • Exchange: SWX
  • Founded: 1953
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: CHF957.242m
  • Shares outstanding: 2.50b
  • Website: https://www.meyerburger.com

Number of Employees


Location

  • Meyer Burger Technology AG
  • Schorenstrasse 39
  • Thun
  • Bern
  • 3645
  • Switzerland

Listings


Biography

Meyer Burger Technology AG, a technology company, provides systems and production equipment to the photovoltaic industries. It operates through Photovoltaics, Specialized Technologies, Cells, and Modules s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 01:41
End of Day Share Price2021/05/06 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.