New Risk • Nov 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2024 fiscal period end). Share price has been highly volatile over the past 3 months (42% average weekly change). Market cap is less than US$10m (CHF2.88m market cap, or US$3.58m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (CHF26m net loss in 3 years). New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CHF23.2m (US$28.8m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (0.3% average weekly change). Market cap is less than US$10m (CHF23.2m market cap, or US$28.8m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (CHF26m net loss in 3 years). Price Target Changed • Oct 13 New target price is 100% below last closing price of CHF0.14. Stock is down 91% over the past year. The company is forecast to post a net loss per share of CHF6.97 next year compared to a net loss per share of CHF65.28 last year.
Announcement • Jun 10
Meyer Burger Technology AG to Report Fiscal Year 2024 Results on Jul 31, 2025 Meyer Burger Technology AG announced that they will report fiscal year 2024 results at 9:00 AM, Central European Standard Time on Jul 31, 2025 Announcement • May 31
Meyer Burger Technology AG Shuts Down Solar Module Production and Lays Off 282 Employees in the U.S Meyer Burger Technology AG is forced to stop its solar module production in the U.S., which is still ramping up, due to a lack of funds. May 29, 2025, all 282 remaining employees at the Goodyear, AZ, site received their notices of termination. Production with an annual capacity of 1.4 gigawatts was shut down immediately. The future of the site is uncertain. Meyer Burger is still in talks with an Ad hoc group of bondholders about restructuring. This affects two convertible bonds issued by MBT Systems GmbH, guaranteed by Meyer Burger Technology AG, and due in 2027 and 2029. Meyer Burger will provide further information as soon as more details are available. New Risk • May 20
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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (CHF8.9m net loss in 3 years). Market cap is less than US$100m (CHF43.4m market cap, or US$52.0m). New Risk • May 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CHF544m Forecast net loss in 3 years: CHF8.9m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CHF8.9m net loss in 3 years). Market cap is less than US$100m (CHF43.5m market cap, or US$51.5m). Breakeven Date Change • Apr 28
Forecast breakeven date pushed back to 2026 The 3 analysts covering Meyer Burger Technology previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 49% per year to 2025. The company is expected to make a profit of CHF2.78m in 2026. Average annual earnings growth of 103% is required to achieve expected profit on schedule. Announcement • Apr 11
Meyer Burger Technology AG to Report Fiscal Year 2024 Final Results on May 31, 2025 Meyer Burger Technology AG announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on May 31, 2025 Major Estimate Revision • Dec 20
Consensus EPS estimates fall by 32% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CHF7.32 to -CHF9.70 per share. Revenue forecast of CHF137.2m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income growth of 4.2% next year. Consensus price target of CHF6.03 unchanged from last update. Share price rose 13% to CHF2.41 over the past week. Breakeven Date Change • Dec 19
Forecast breakeven date moved forward to 2025 The 3 analysts covering Meyer Burger Technology previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 17% to 2024. The company is expected to make a profit of CHF10.9m in 2025. Average annual earnings growth of 109% is required to achieve expected profit on schedule. Major Estimate Revision • Nov 08
Consensus revenue estimates fall by 41% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CHF164.2m to CHF97.3m. Forecast losses increased from -CHF5.82 to -CHF7.37 per share. Semiconductor industry in Switzerland expected to see average net income growth of 2.3% next year. Consensus price target of CHF6.03 unchanged from last update. Share price fell 26% to CHF1.10 over the past week. Reported Earnings • Nov 07
First half 2024 earnings released: CHF15.39 loss per share (vs CHF15.39 loss in 1H 2023) First half 2024 results: CHF15.39 loss per share (in line with 1H 2023). Revenue: CHF48.7m (down 50% from 1H 2023). Net loss: CHF317.3m (loss widened 390% from 1H 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Announcement • Oct 30
Meyer Burger Technology AG to Report First Half, 2024 Results on Oct 31, 2024 Meyer Burger Technology AG announced that they will report first half, 2024 results on Oct 31, 2024 Price Target Changed • Sep 04
Price target decreased by 78% to CHF6.03 Down from CHF27.18, the current price target is an average from 4 analysts. New target price is 236% above last closing price of CHF1.79. Stock is down 99% over the past year. The company is forecast to post a net loss per share of CHF5.81 next year compared to a net loss per share of CHF65.28 last year. Major Estimate Revision • Sep 03
Consensus revenue estimates decrease by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CHF199.6m to CHF164.2m. EPS estimate unchanged at -CHF5.82 per share. Semiconductor industry in Switzerland expected to see average net income growth of 8.0% next year. Consensus price target up from CHF27.18 to CHF28.82. Share price fell 4.5% to CHF1.85 over the past week. New Risk • Aug 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CHF69.3m (US$81.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (CHF69.3m market cap, or US$81.8m). Major Estimate Revision • Aug 06
Consensus revenue estimates decrease by 12%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CHF303.2m to CHF267.2m. EPS estimate increased from -CHF10.87 to -CHF6.56 per share. Semiconductor industry in Switzerland expected to see average net income growth of 2.5% next year. Consensus price target up from CHF27.94 to CHF31.62. Share price fell 9.3% to CHF4.66 over the past week. Breakeven Date Change • Aug 05
Forecast breakeven date moved forward to 2025 The 5 analysts covering Meyer Burger Technology previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 44% to 2024. The company is expected to make a profit of CHF10.9m in 2025. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Major Estimate Revision • Jul 04
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CHF14.91 to -CHF16.90 per share. Revenue forecast of CHF280.3m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income growth of 0.09% next year. Consensus price target down from CHF42.19 to CHF27.94. Share price fell 33% to CHF4.85 over the past week. Price Target Changed • Jun 29
Price target increased by 8.7% to CHF0.061 Up from CHF0.057, the current price target is an average from 7 analysts. New target price is 458% above last closing price of CHF0.011. Stock is down 98% over the past year. The company is forecast to post a net loss per share of CHF0.023 next year compared to a net loss per share of CHF0.085 last year. Major Estimate Revision • Jun 29
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CHF0.02 to -CHF0.023 per share. Revenue forecast of CHF258.7m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income growth of 4.8% next year. Consensus price target up from CHF0.057 to CHF0.061. Share price rose 39% to CHF0.011 over the past week. Announcement • Jun 27
Meyer Burger Technology AG announced a financing transaction Meyer Burger Technology AG announced that it has secured an investment commitment from an unnamed US industry and technology player on June 25, 2024. The company has signed a commercial agreement and a term sheet with the unspecified group to make a potential investment in its business. Work on binding agreements is underway and is expected to be finalized in the third quarter. Major Estimate Revision • May 14
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CHF0.0052 to -CHF0.0061 per share. Revenue forecast of CHF266.0m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income decline 0.02% next year. Consensus price target of CHF0.063 unchanged from last update. Share price fell 6.3% to CHF0.01 over the past week. Major Estimate Revision • Apr 23
Consensus EPS estimates upgraded to CHF0.0052 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CHF337.0m to CHF313.4m. 2024 losses expected to reduce from -CHF0.0129 to -CHF0.0052 per share. Semiconductor industry in Switzerland expected to see average net income decline 2.5% next year. Consensus price target down from CHF0.12 to CHF0.10. Share price was steady at CHF0.01 over the past week. Price Target Changed • Apr 22
Price target decreased by 8.8% to CHF0.11 Down from CHF0.12, the current price target is an average from 7 analysts. New target price is 1,011% above last closing price of CHF0.01. Stock is down 98% over the past year. The company is forecast to post a net loss per share of CHF0.013 next year compared to a net loss per share of CHF0.085 last year. Major Estimate Revision • Apr 07
Consensus EPS estimates upgraded to CHF0.013 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -CHF0.018 to -CHF0.013 per share. Revenue forecast unchanged from CHF337.0m at last update. Semiconductor industry in Switzerland expected to see average net income decline 4.7% next year. Consensus price target of CHF0.12 unchanged from last update. Share price fell 40% to CHF0.015 over the past week. Announcement • Apr 03
Meyer Burger Technology AG has completed a Follow-on Equity Offering in the amount of CHF 201.444239 million. Meyer Burger Technology AG has completed a Follow-on Equity Offering in the amount of CHF 201.444239 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 20,144,423,886
Price\Range: CHF 0.01
Transaction Features: Rights Offering Major Estimate Revision • Mar 21
Consensus EPS estimates upgraded to CHF0.018 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CHF360.9m to CHF337.0m. 2024 losses expected to reduce from -CHF0.03 to -CHF0.018 per share. Semiconductor industry in Switzerland expected to see average net income decline 3.7% next year. Consensus price target down from CHF0.17 to CHF0.12. Share price fell 67% to CHF0.015 over the past week. New Risk • Mar 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CHF55.2m (US$62.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risk Market cap is less than US$100m (CHF55.2m market cap, or US$62.3m). Reported Earnings • Mar 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CHF0.085 loss per share (further deteriorated from CHF0.025 loss in FY 2022). Revenue: CHF135.0m (down 8.3% from FY 2022). Net loss: CHF291.9m (loss widened 318% from FY 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF216.3m to CHF199.1m. Losses expected to increase from CHF0.035 per share to CHF0.038. Semiconductor industry in Switzerland expected to see average net income decline 5.4% next year. Consensus price target of CHF0.26 unchanged from last update. Share price fell 2.5% to CHF0.11 over the past week. Breakeven Date Change • Jan 31
Forecast breakeven date pushed back to 2026 The 8 analysts covering Meyer Burger Technology previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of CHF71.5m in 2026. Average annual earnings growth of 56% is required to achieve expected profit on schedule. Major Estimate Revision • Jan 19
Consensus revenue estimates decrease by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CHF260.6m to CHF225.8m. EPS estimate reaffirmed at -CHF0.033 per share. Semiconductor industry in Switzerland expected to see average net income growth of 0.3% next year. Consensus price target down from CHF0.49 to CHF0.33. Share price fell 35% to CHF0.099 over the past week. Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CHF0.03 to -CHF0.034 per share. Revenue forecast of CHF265.4m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income growth of 0.1% next year. Consensus price target down from CHF0.61 to CHF0.47. Share price fell 22% to CHF0.13 over the past week. Announcement • Jan 16
Meyer Burger Technology AG to Report First Half, 2024 Results on Aug 14, 2024 Meyer Burger Technology AG announced that they will report first half, 2024 results on Aug 14, 2024 Major Estimate Revision • Jan 10
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF276.2m to CHF260.6m. Losses expected to increase from CHF0.03 per share to CHF0.033. Semiconductor industry in Switzerland expected to see average net income growth of 0.4% next year. Consensus price target down from CHF0.65 to CHF0.52. Share price fell 3.6% to CHF0.17 over the past week. Price Target Changed • Dec 20
Price target decreased by 12% to CHF0.65 Down from CHF0.74, the current price target is an average from 8 analysts. New target price is 240% above last closing price of CHF0.19. Stock is down 64% over the past year. The company is forecast to post a net loss per share of CHF0.03 next year compared to a net loss per share of CHF0.025 last year. Breakeven Date Change • Oct 19
Forecast breakeven date pushed back to 2025 The 9 analysts covering Meyer Burger Technology previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 73% per year to 2024. The company is expected to make a profit of CHF106.3m in 2025. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Price Target Changed • Oct 18
Price target increased by 9.0% to CHF0.74 Up from CHF0.68, the current price target is an average from 9 analysts. New target price is 205% above last closing price of CHF0.24. Stock is down 46% over the past year. The company is forecast to post a net loss per share of CHF0.026 next year compared to a net loss per share of CHF0.025 last year. New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Buying Opportunity • Aug 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CHF0.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 155% in a year. Earnings is forecast to grow by 71% in the next year. Major Estimate Revision • Aug 25
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF333.4m to CHF289.1m. Forecast losses increased from -CHF0.015 to -CHF0.017 per share. Semiconductor industry in Switzerland expected to see average net income growth of 8.7% next year. Consensus price target broadly unchanged at CHF0.70. Share price rose 5.0% to CHF0.43 over the past week. Reported Earnings • Aug 18
First half 2023 earnings released: CHF0.02 loss per share (vs CHF0.02 loss in 1H 2022) First half 2023 results: CHF0.02 loss per share (in line with 1H 2022). Revenue: CHF96.9m (up 71% from 1H 2022). Net loss: CHF64.8m (loss widened 58% from 1H 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 25
Consensus EPS estimates fall by 34% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CHF0.0066 to -CHF0.0088 per share. Revenue forecast unchanged at CHF353.2m. Semiconductor industry in Switzerland expected to see average net income growth of 9.8% next year. Consensus price target broadly unchanged at CHF0.71. Share price fell 9.2% to CHF0.56 over the past week. Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF359.0m to CHF353.8m. Losses expected to increase from CHF0.0055 per share to CHF0.0066. Semiconductor industry in Switzerland expected to see average net income growth of 9.7% next year. Consensus price target of CHF0.71 unchanged from last update. Share price rose 6.7% to CHF0.61 over the past week. Major Estimate Revision • Jul 06
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF363.0m to CHF359.0m. Losses expected to increase from CHF0.0043 per share to CHF0.0055. Semiconductor industry in Switzerland expected to see average net income growth of 9.8% next year. Consensus price target of CHF0.71 unchanged from last update. Share price was steady at CHF0.59 over the past week. Major Estimate Revision • Jun 25
Consensus EPS estimates upgraded to CHF0.0043 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CHF0.0051 to -CHF0.0043 per share. Revenue forecast steady at CHF363.0m. Semiconductor industry in Switzerland expected to see average net income growth of 11% next year. Consensus price target of CHF0.71 unchanged from last update. Share price rose 7.1% to CHF0.60 over the past week. Announcement • Jun 13
Meyer Burger Presents New Durable and Toxin-Free Glass-Glass Products at Intersolar Europe Meyer Burger presents new durable and toxin-free glass-glass products at Intersolar Europe . Complete portfolio of Meyer Burger high-performance modules contains no lead and is certified PFAS-free . New frame corners enable self- cleaning effect . In addition to the currently available area-wide inventory portfolio of high-performance solar modules, the trade fair booth will also feature the further developed Meyer Burger Tile and Meyer Burger Slate solar roof tiles, as well as the new IBC and perovskite solar cell technologies. In focus: new toxin-free glass-glass product portfolio The highlight of the trade fair presentation will be the new Meyer Burger glass-glass product portfolio, which will be available on the market in 2024 under the name of Meyer Burger Panel+. The new "Made in Germany" and "Made in USA" modules will be offered in three variants - Black, White and Clear - and feature high performance, improved durability and technology. With optimized glass on the front and back, Meyer Burger combines the advantages of heterojunction cell technology with the durability and quality of glass-glass module technology while maintaining high module performance, appealing aesthetics and consistent light weight. Starting at the fourth quarter of 2023, all Meyer Burger solar modules will be equipped with patented Smart Corners. These innovative frame corners enable self-cleaning of the modules and thus prevent performance losses due to dirt build-up at the module edges. The current module portfolio is available in Europe, the USA and Australia in the product variants Meyer Burger Black, Meyer Burger White and Meyer Burger Glass from more than 50 distributors worldwide and more than 1000 installers registered with Meyer Burger. Insight: module test center meets high requirements In addition to higher yields per area and market-leading durability, Meyer Burger products are characterized as being environmentally safe and eco-friendly. They contain neither lead nor substances of the PFAS group, which are classified as environmentally harmful and difficult to degrade and whose ban is currently being discussed in the EU. Major Estimate Revision • Jun 11
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CHF0.0039 to -CHF0.0048 per share. Revenue forecast unchanged at CHF363.9m. Semiconductor industry in Switzerland expected to see average net income growth of 9.8% next year. Consensus price target broadly unchanged at CHF0.71. Share price rose 3.2% to CHF0.58 over the past week. Major Estimate Revision • May 03
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CHF0.0025 to -CHF0.003 per share. Revenue forecast unchanged at CHF365.7m. Semiconductor industry in Switzerland expected to see average net income growth of 12% next year. Consensus price target of CHF0.70 unchanged from last update. Share price rose 4.7% to CHF0.59 over the past week. Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CHF0.0027 to -CHF0.0034 per share. Revenue forecast of CHF367.1m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income growth of 21% next year. Consensus price target of CHF0.69 unchanged from last update. Share price was steady at CHF0.57 over the past week. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CHF0.0027 to -CHF0.0034 per share. Revenue forecast of CHF367.1m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income growth of 21% next year. Consensus price target of CHF0.69 unchanged from last update. Share price fell 3.8% to CHF0.60 over the past week. Breakeven Date Change • Mar 30
Forecast breakeven date pushed back to 2024 The 9 analysts covering Meyer Burger Technology previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 93% to 2023. The company is expected to make a profit of CHF72.3m in 2024. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Reported Earnings • Mar 24
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: CHF0.02 loss per share (improved from CHF0.039 loss in FY 2021). Revenue: CHF156.3m (up 292% from FY 2021). Net loss: CHF69.9m (loss narrowed 31% from FY 2021). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 23
Consensus revenue estimates fall by 23% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF430.3m to CHF333.0m. EPS estimate fell from CHF0.006 to CHF0.001 per share. Net income forecast to grow 75% next year vs 7.4% growth forecast for Semiconductor industry in Switzerland. Consensus price target of CHF0.66 unchanged from last update. Share price fell 8.0% to CHF0.50 over the past week. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -CHF0.017 to -CHF0.02 per share. Revenue forecast of CHF165.3m unchanged since last update. Semiconductor industry in Switzerland expected to see average net income growth of 29% next year. Consensus price target broadly unchanged at CHF0.67. Share price fell 13% to CHF0.59 over the past week. Price Target Changed • Feb 07
Price target increased by 8.2% to CHF0.63 Up from CHF0.58, the current price target is an average from 9 analysts. New target price is 5.9% below last closing price of CHF0.67. Stock is up 99% over the past year. The company is forecast to post a net loss per share of CHF0.017 next year compared to a net loss per share of CHF0.039 last year. Announcement • Jan 11
Meyer Burger Technology AG to Report First Half, 2023 Results on Aug 17, 2023 Meyer Burger Technology AG announced that they will report first half, 2023 results on Aug 17, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Andreas Herzog was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 03
Price target decreased to CHF0.56 Down from CHF0.61, the current price target is an average from 6 analysts. New target price is 38% above last closing price of CHF0.40. Stock is down 7.2% over the past year. The company is forecast to post a net loss per share of CHF0.023 next year compared to a net loss per share of CHF0.039 last year. Buying Opportunity • Nov 01
Now 13% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be CHF0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 65% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 311% in a year. Earnings is forecast to grow by 84% in the next year. Major Estimate Revision • Nov 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -CHF0.02 to -CHF0.02 per share. Revenue forecast unchanged at CHF176.8m. Semiconductor industry in Switzerland expected to see average net income growth of 20% next year. Consensus price target down from CHF0.61 to CHF0.57. Share price rose 5.7% to CHF0.48 over the past week. Price Target Changed • Oct 21
Price target increased to CHF0.61 Up from CHF0.56, the current price target is an average from 6 analysts. New target price is 26% above last closing price of CHF0.48. Stock is up 1.9% over the past year. The company is forecast to post a net loss per share of CHF0.021 next year compared to a net loss per share of CHF0.039 last year. Announcement • Oct 19
Meyer Burger Technology AG to Report Fiscal Year 2022 Results on Mar 23, 2023 Meyer Burger Technology AG announced that they will report fiscal year 2022 results on Mar 23, 2023 Price Target Changed • Oct 04
Price target decreased to CHF0.55 Down from CHF0.60, the current price target is an average from 6 analysts. New target price is 37% above last closing price of CHF0.41. Stock is down 0.5% over the past year. The company is forecast to post a net loss per share of CHF0.023 next year compared to a net loss per share of CHF0.039 last year.