XTRA:M0Y

Stock Analysis Report

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Executive Summary

Mynaric AG provides laser communication solutions for high data rate and long-distance wireless data transmission between moving objects in Germany. More Details


Snowflake Analysis

Flawless balance sheet with exceptional growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: M0Y is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: M0Y's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

M0Y

6.1%

DE Aerospace & Defense

0.7%

DE Market


1 Year Return

60.3%

M0Y

-25.4%

DE Aerospace & Defense

3.6%

DE Market

Return vs Industry: M0Y exceeded the German Aerospace & Defense industry which returned -25.4% over the past year.

Return vs Market: M0Y exceeded the German Market which returned 3.6% over the past year.


Shareholder returns

M0YIndustryMarket
7 Day1.9%6.1%0.7%
30 Day1.6%7.8%5.5%
90 Day13.9%35.4%12.4%
1 Year64.1%60.3%-24.9%-25.4%6.9%3.6%
3 Year42.8%39.5%5.4%0.3%5.4%-3.9%
5 Yearn/a54.1%40.3%41.6%21.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mynaric 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: M0Y (€75.2) is trading below our estimate of fair value (€173.71)

Significantly Below Fair Value: M0Y is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: M0Y is unprofitable, so we can't compare its PE Ratio to the XE Aerospace & Defense industry average.

PE vs Market: M0Y is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate M0Y's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: M0Y is overvalued based on its PB Ratio (8.1x) compared to the DE Aerospace & Defense industry average (4.2x).


Next Steps

Future Growth

How is Mynaric forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

57.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: M0Y is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.07%).

Earnings vs Market: M0Y is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: M0Y's is expected to become profitable in the next 3 years.

Revenue vs Market: M0Y's revenue (69.1% per year) is forecast to grow faster than the German market (6% per year).

High Growth Revenue: M0Y's revenue (69.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: M0Y's Return on Equity is forecast to be high in 3 years time (30.9%)


Next Steps

Past Performance

How has Mynaric performed over the past 5 years?

-35.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: M0Y is currently unprofitable.

Growing Profit Margin: M0Y is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: M0Y is unprofitable, and losses have increased over the past 5 years at a rate of 35.5% per year.

Accelerating Growth: Unable to compare M0Y's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: M0Y is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (-19.1%).


Return on Equity

High ROE: M0Y has a negative Return on Equity (-40.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mynaric's financial position?


Financial Position Analysis

Short Term Liabilities: M0Y's short term assets (€14.2M) exceed its short term liabilities (€5.5M).

Long Term Liabilities: M0Y's short term assets (€14.2M) exceed its long term liabilities (€5.8M).


Debt to Equity History and Analysis

Debt Level: M0Y is debt free.

Reducing Debt: M0Y has not had any debt for 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: M0Y has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: M0Y is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Mynaric current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate M0Y's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate M0Y'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 M0Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if M0Y'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 M0Y's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.4yrs

Average board tenure


CEO

Bulent Altan

0.50

Tenure

Mr. Bulent Altan has been Chief Executive Officer of Mynaric AG since July 2020. Mr. Altan served as Member of Management Board at Mynaric AG since March 13, 2019 until July 2020. He is responsible for Myn...


Board Members

NamePositionTenureCompensationOwnership
Manfred Krischke
Chairman of the Supervisory Boardno datano datano data
Gerd-Achim Gruppe
Vice-Chairman of the Supervisory Board2.25yrsno datano data
Peter Muller-Bruhl
Vice-Chairman of the Supervisory Board2.5yrsno data0.14%
€ 329.8k
Thomas Billeter
Member of Supervisory Board2.5yrsno datano data
Thomas Hanke
Supervisory Board Member0.58yrno datano data

2.4yrs

Average Tenure

Experienced Board: M0Y's board of directors are not considered experienced ( 2.4 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 diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

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


Key Information

  • Name: Mynaric AG
  • Ticker: M0Y
  • Exchange: XTRA
  • Founded: 2009
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: €237.049m
  • Shares outstanding: 3.19m
  • Website: https://www.mynaric.com

Number of Employees


Location

  • Mynaric AG
  • Dornierstrasse 19
  • Gilching
  • Bavaria
  • 82205
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
M0YDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2017
M0YXTRA (XETRA Trading Platform)YesOrdinary SharesDEEUROct 2017
0AR9LSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2017
M0YDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2017
MOYF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2017

Biography

Mynaric AG provides laser communication solutions for high data rate and long-distance wireless data transmission between moving objects in Germany. The company offers air to ground, air-to-air, and space ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:54
End of Day Share Price2021/01/21 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.