Muehlhan AG, together with its subsidiaries, provides surface protection and industrial services worldwide.
+ 2 more risks
Price History & Performance
|Historical stock prices|
|Current Share Price||€3.66|
|52 Week High||€2.30|
|52 Week Low||€4.00|
|1 Month Change||6.40%|
|3 Month Change||22.00%|
|1 Year Change||36.57%|
|3 Year Change||21.60%|
|5 Year Change||109.14%|
|Change since IPO||-36.90%|
Recent News & Updates
|M4N||DE Construction||DE Market|
Return vs Industry: M4N exceeded the German Construction industry which returned 9.3% over the past year.
Return vs Market: M4N exceeded the German Market which returned 24.7% over the past year.
Stable Share Price: M4N is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: M4N's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of German stocks.
About the Company
Muehlhan AG, together with its subsidiaries, provides surface protection and industrial services worldwide. It operates through Ship, Oil & Gas, Renewables, and Industry/Infrastructure segments. The Ship segment offers a range of surface coating maintenance and renovation services, such as repair work on exterior walls, as well as the restoration of water, ballast, fuel, and cargo tanks to shipping companies and shipyards.
Muehlhan Fundamentals Summary
|M4N fundamental statistics|
Is M4N overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|M4N income statement (TTM)|
|Cost of Revenue||€97.38m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.11|
|Net Profit Margin||0.80%|
How did M4N perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is Muehlhan 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: M4N (€3.6) is trading below our estimate of fair value (€5.79)
Significantly Below Fair Value: M4N is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: M4N is poor value based on its PE Ratio (32x) compared to the German Construction industry average (30.9x).
PE vs Market: M4N is poor value based on its PE Ratio (32x) compared to the German market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: M4N's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: M4N's PB Ratio (1.1x) is in line with the DE Construction industry average.
How is Muehlhan forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: M4N's earnings are forecast to decline over the next 3 years (-15.2% per year).
Earnings vs Market: M4N's earnings are forecast to decline over the next 3 years (-15.2% per year).
High Growth Earnings: M4N's earnings are forecast to decline over the next 3 years.
Revenue vs Market: M4N's revenue is expected to decline over the next 3 years (-1.2% per year).
High Growth Revenue: M4N's revenue is forecast to decline over the next 3 years (-1.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: M4N's Return on Equity is forecast to be low in 3 years time (5%).
How has Muehlhan performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: M4N has high quality earnings.
Growing Profit Margin: M4N's current net profit margins (0.8%) are lower than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: M4N's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: M4N's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: M4N had negative earnings growth (-44.5%) over the past year, making it difficult to compare to the Construction industry average (20.8%).
Return on Equity
High ROE: M4N's Return on Equity (5.4%) is considered low.
How is Muehlhan's financial position?
Financial Position Analysis
Short Term Liabilities: M4N's short term assets (€106.9M) exceed its short term liabilities (€73.9M).
Long Term Liabilities: M4N's short term assets (€106.9M) exceed its long term liabilities (€28.5M).
Debt to Equity History and Analysis
Debt Level: M4N's debt to equity ratio (40.5%) is considered high.
Reducing Debt: M4N's debt to equity ratio has reduced from 46% to 40.5% over the past 5 years.
Debt Coverage: M4N's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: M4N's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Muehlhan current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: M4N's dividend (3.33%) is higher than the bottom 25% of dividend payers in the German market (1%).
High Dividend: M4N's dividend (3.33%) is in the top 25% of dividend payers in the German market (3.17%)
Stability and Growth of Payments
Stable Dividend: M4N has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: M4N's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (106%), M4N's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: M4N's dividends in 3 years are forecast to be covered by earnings (55.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stefan Müller-Arends (62 yo)
Mr. Stefan Müller-Arends has been the Chief Executive Officer of Muehlhan AG since May 1, 2011 and has been its Chairman and Director since May 1, 2011. Mr. Müller-Arends served as the Chief Executive Offi...
Experienced Management: M4N's management team is seasoned and experienced (10.3 years average tenure).
Experienced Board: M4N's board of directors are considered experienced (6.8 years average tenure).
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 not been meaningfully diluted in the past year.
Muehlhan AG's employee growth, exchange listings and data sources
- Name: Muehlhan AG
- Ticker: M4N
- Exchange: XTRA
- Founded: 1881
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €69.769m
- Shares outstanding: 19.38m
- Website: https://www.muehlhan.com
Number of Employees
- Muehlhan AG
- Schlinckstrasse 3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 17:51|
|End of Day Share Price||2021/09/23 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.