M0Y Stock Overview
Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance data transmission between moving objects for wireless terrestrial, airborne, and space applications in Germany and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||€33.55|
|52 Week High||€77.80|
|52 Week Low||€25.80|
|1 Month Change||3.71%|
|3 Month Change||-11.59%|
|1 Year Change||-55.39%|
|3 Year Change||-21.06%|
|5 Year Change||n/a|
|Change since IPO||-42.81%|
Recent News & Updates
|M0Y||DE Aerospace & Defense||DE Market|
Return vs Industry: M0Y underperformed the German Aerospace & Defense industry which returned 19.7% over the past year.
Return vs Market: M0Y underperformed the German Market which returned -20.4% over the past year.
|M0Y Average Weekly Movement||7.5%|
|Aerospace & Defense Industry Average Movement||5.9%|
|Market Average Movement||5.7%|
|10% most volatile stocks in DE Market||10.3%|
|10% least volatile stocks in DE Market||2.8%|
Stable Share Price: M0Y is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: M0Y's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.
About the Company
Mynaric AG engages in developing and manufacturing advanced laser communication technology for long-distance data transmission between moving objects for wireless terrestrial, airborne, and space applications in Germany and internationally. The company offers CONDOR, an optical inter-satellite link flight terminal for satellite-to-satellite communications in space; and HAWK, an airborne flight terminal for air-to-air and air-to-ground links of airborne vehicles. Its products provide connectivity solutions to link satellites, high-altitude platforms, unmanned aerial vehicles, aircraft, and the ground.
Mynaric Fundamentals Summary
|M0Y fundamental statistics|
Is M0Y overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|M0Y income statement (TTM)|
|Cost of Revenue||€10.06m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-8.05|
|Net Profit Margin||-652.47%|
How did M0Y perform over the long term?See historical performance and comparison
Is M0Y undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for M0Y?
Other financial metrics that can be useful for relative valuation.
|What is M0Y's n/a Ratio?|
Price to Sales Ratio vs Peers
How does M0Y's PS Ratio compare to its peers?
|M0Y PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: M0Y is expensive based on its Price-To-Sales Ratio (27.2x) compared to the peer average (1.2x).
Price to Earnings Ratio vs Industry
How does M0Y's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?
Price-To-Sales vs Industry: M0Y is expensive based on its Price-To-Sales Ratio (27.2x) compared to the German Aerospace & Defense industry average (1.4x)
Price to Sales Ratio vs Fair Ratio
What is M0Y's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||27.2x|
|Fair PS Ratio||0.3x|
Price-To-Sales vs Fair Ratio: M0Y is expensive based on its Price-To-Sales Ratio (27.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).
Share Price vs Fair Value
What is the Fair Price of M0Y when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: M0Y (€33.55) is trading below our estimate of fair value (€335.22)
Significantly Below Fair Value: M0Y is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Mynaric forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-0.01%).
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 is expected to become profitable in the next 3 years.
Revenue vs Market: M0Y's revenue (43.1% per year) is forecast to grow faster than the German market (4.8% per year).
High Growth Revenue: M0Y's revenue (43.1% 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 very high in 3 years time (110.7%).
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How has Mynaric performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 48.6% 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 (11.8%).
Return on Equity
High ROE: M0Y has a negative Return on Equity (-53.56%), as it is currently unprofitable.
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How is Mynaric's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: M0Y's short term assets (€62.1M) exceed its short term liabilities (€13.7M).
Long Term Liabilities: M0Y's short term assets (€62.1M) exceed its long term liabilities (€9.4M).
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if M0Y has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is Mynaric current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as M0Y has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Emin Altan (44 yo)
Mr. Emin Bulent Altan has been Chief Executive Officer of Mynaric AG since March 2019 and has been its Chairman of the Management Board. Mr. Altan served as Member of Management Board at Mynaric AG since M...
CEO Compensation Analysis
Compensation vs Market: Emin's total compensation ($USD1.52M) is above average for companies of similar size in the German market ($USD805.70K).
Compensation vs Earnings: Emin's compensation has increased whilst the company is unprofitable.
Experienced Management: M0Y's management team is considered experienced (2.3 years average tenure).
Experienced Board: M0Y's board of directors are not considered experienced ( 1.3 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 38.1%.
Mynaric AG's employee growth, exchange listings and data sources
- Name: Mynaric AG
- Ticker: M0Y
- Exchange: XTRA
- Founded: 2009
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: €189.633m
- Shares outstanding: 5.65m
- Website: https://www.mynaric.com
Number of Employees
- Mynaric AG
- Dornierstrasse 19
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 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.