Mynaric AG provides laser communication solutions for high data rate and long-distance wireless data transmission between moving objects in Germany. More Details
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.
7 Day Return
DE Aerospace & Defense
1 Year Return
DE Aerospace & Defense
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.
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
Is Mynaric undervalued compared to its fair value and its price relative to the market?
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).
How is Mynaric forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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%)
How has Mynaric performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board 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...
|Chairman of the Supervisory Board||no data||no data||no data|
|Vice-Chairman of the Supervisory Board||2.25yrs||no data||no data|
|Vice-Chairman of the Supervisory Board||2.5yrs||no data||0.14% |
|Member of Supervisory Board||2.5yrs||no data||no data|
|Supervisory Board Member||0.58yr||no data||no data|
Experienced Board: M0Y's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Mynaric AG's company bio, employee growth, exchange listings and data sources
- 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
- Mynaric AG
- Dornierstrasse 19
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|M0Y||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 2017|
|M0Y||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Oct 2017|
|0AR9||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Oct 2017|
|M0YD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Oct 2017|
|MOYF.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 2017|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/21 18:54|
|End of Day Share Price||2021/01/21 00:00|
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.