XTRA:MBB

Stock Analysis Report

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Executive Summary

MBB SE is a private equity firm and family business specializes in acquisitions/buyouts, company successions, spin-offs, balance sheet restructuring, small and medium-sized family business and growth capital investments. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MBB is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MBB's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

5.3%

MBB

0.5%

DE Industrials

1.0%

DE Market


1 Year Return

49.9%

MBB

-3.9%

DE Industrials

3.8%

DE Market

Return vs Industry: MBB exceeded the German Industrials industry which returned -4.3% over the past year.

Return vs Market: MBB exceeded the German Market which returned 2.8% over the past year.


Shareholder returns

MBBIndustryMarket
7 Day5.3%0.5%1.0%
30 Day54.1%12.9%13.8%
90 Day45.5%-4.6%1.9%
1 Year51.3%49.9%9.7%-3.9%7.1%3.8%
3 Year24.9%20.7%19.3%-2.2%5.2%-3.9%
5 Year343.8%315.0%62.8%24.5%27.5%9.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is MBB undervalued compared to its fair value and its price relative to the market?

51.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MBB (€110) is trading above our estimate of fair value (€54.65)

Significantly Below Fair Value: MBB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MBB is poor value based on its PE Ratio (51.2x) compared to the XE Industrials industry average (23.7x).

PE vs Market: MBB is poor value based on its PE Ratio (51.2x) compared to the German market (23.1x).


Price to Earnings Growth Ratio

PEG Ratio: MBB is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: MBB is overvalued based on its PB Ratio (1.9x) compared to the DE Industrials industry average (1.6x).


Next Steps

Future Growth

How is MBB forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

43.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBB's forecast earnings growth (43.9% per year) is above the savings rate (0.2%).

Earnings vs Market: MBB's earnings (43.9% per year) are forecast to grow faster than the German market (26.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MBB's revenue (9.7% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: MBB's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MBB's Return on Equity is forecast to be low in 3 years time (6.7%).


Next Steps

Past Performance

How has MBB performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBB has a large one-off loss of €11.0M impacting its September 30 2020 financial results.

Growing Profit Margin: MBB's current net profit margins (1.8%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: MBB's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: MBB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MBB had negative earnings growth (-48.3%) over the past year, making it difficult to compare to the Industrials industry average (4.5%).


Return on Equity

High ROE: MBB's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is MBB's financial position?


Financial Position Analysis

Short Term Liabilities: MBB's short term assets (€462.1M) exceed its short term liabilities (€200.8M).

Long Term Liabilities: MBB's short term assets (€462.1M) exceed its long term liabilities (€151.4M).


Debt to Equity History and Analysis

Debt Level: MBB's debt to equity ratio (13.7%) is considered satisfactory.

Reducing Debt: MBB's debt to equity ratio has reduced from 40.6% to 13.7% over the past 5 years.

Debt Coverage: MBB's debt is well covered by operating cash flow (153.6%).

Interest Coverage: MBB's interest payments on its debt are well covered by EBIT (24.1x coverage).


Balance Sheet


Next Steps

Dividend

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

0.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MBB's dividend (0.64%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.15%).

High Dividend: MBB's dividend (0.64%) is low compared to the top 25% of dividend payers in the German market (3.65%).


Stability and Growth of Payments

Stable Dividend: MBB's dividend payments have been volatile in the past 10 years.

Growing Dividend: MBB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.6%), MBB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MBB's dividends in 3 years are forecast to be thoroughly covered by earnings (11.4% payout ratio).


Next Steps

Management

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

€2m

CEO Compensation


CEO

Christof Nesemeier (55 yo)

no data

Tenure

€1,991,000

Compensation

Dr. Christof Nesemeier, Ph.D., serves as the Chief Executive Officer of MBB SE (formerly MBB Industries AG). Dr. Nesemeier is responsible for the strategic orientation and also heads the Holdings Managemen...


CEO Compensation Analysis

Compensation vs Market: Christof's total compensation ($USD2.38M) is above average for companies of similar size in the German market ($USD1.28M).

Compensation vs Earnings: Christof's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MBB SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MBB SE
  • Ticker: MBB
  • Exchange: XTRA
  • Founded: 1995
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: €652.548m
  • Shares outstanding: 5.93m
  • Website: https://www.mbb.com/en.html

Number of Employees


Location

  • MBB SE
  • Joachimsthaler Strasse 34
  • Berlin
  • Berlin
  • 10719
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBBDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 2006
MBBXTRA (XETRA Trading Platform)YesBearer SharesDEEURMay 2006
0J7XLSE (London Stock Exchange)YesBearer SharesGBEURMay 2006
MBBdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMay 2006

Biography

MBB SE is a private equity firm and family business specializes in acquisitions/buyouts, company successions, spin-offs, balance sheet restructuring, small and medium-sized family business and growth capit...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 20:03
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
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.