XTRA:MSAG

Stock Analysis Report

Executive Summary

MS Industrie AG primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally.

Snowflake

Fundamentals

Solid track record and good value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

MSAG

3.8%

DE Machinery

4.1%

DE Market


1 Year Return

-35.3%

MSAG

-18.5%

DE Machinery

2.4%

DE Market

Return vs Industry: MSAG underperformed the German Machinery industry which returned -18.5% over the past year.

Return vs Market: MSAG underperformed the German Market which returned 2.4% over the past year.


Shareholder returns

MSAGIndustryMarket
7 Day1.1%3.8%4.1%
30 Day-0.3%-5.2%1.7%
90 Day-32.7%-4.0%3.7%
1 Year-33.2%-35.3%-15.9%-18.5%5.6%2.4%
3 Year-35.1%-37.7%-19.1%-25.0%19.2%8.9%
5 Year-40.2%-42.6%19.5%5.5%43.2%23.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MSAG (€1.89) is trading below our estimate of fair value (€2.61)

Significantly Undervalued: MSAG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MSAG is good value based on its PE Ratio (2.4x) compared to the Machinery industry average (14.3x).

PE vs Market: MSAG is good value based on its PE Ratio (2.4x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: MSAG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MSAG is good value based on its PB Ratio (0.7x) compared to the DE Machinery industry average (1.3x).


Next Steps

Future Growth

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

-58.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSAG's earnings are forecast to decline over the next 3 years (-58.4% per year).

Earnings vs Market: MSAG's earnings are forecast to decline over the next 3 years (-58.4% per year).

High Growth Earnings: MSAG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MSAG's revenue (0.4% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: MSAG's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MSAG's Return on Equity is forecast to be low in 3 years time (4.7%).


Next Steps

Past Performance

How has MS Industrie performed over the past 5 years?

35.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MSAG's earnings have grown significantly by 35.4% per year over the past 5 years.

Accelerating Growth: MSAG's earnings growth over the past year (188.7%) exceeds its 5-year average (35.4% per year).

Earnings vs Industry: MSAG earnings growth over the past year (188.7%) exceeded the Machinery industry -9.7%.


Return on Equity

High ROE: MSAG's Return on Equity (29.5%) is considered high.


Return on Assets

ROA vs Industry: MSAG has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: MSAG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is MS Industrie's financial position?


Financial Position Analysis

Short Term Liabilities: MSAG's short term assets (€112.1M) exceeds its short term liabilities (€76.3M)

Long Term Liabilities: MSAG's short term assets (112.1M) exceeds its long term liabilities (59.2M)


Debt to Equity History and Analysis

Debt Level: MSAG's debt to equity ratio (71.8%) is considered high

Reducing Debt: MSAG's debt to equity ratio has reduced from 119.3% to 71.8% over the past 5 years.

Debt Coverage: MSAG's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: MSAG's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet

Inventory Level: MSAG has a high level of physical assets or inventory.

Debt Coverage by Assets: MSAG's debt is covered by short term assets (assets are 1.951140x debt).


Next Steps

Dividend

What is MS Industrie's current dividend yield, its reliability and sustainability?

1.59%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Years3.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MSAG's dividend (1.59%) is higher than the bottom 25% of dividend payers in the German market (1.45%).

High Dividend: MSAG's dividend (1.59%) is low compared to the top 25% of dividend payers in the German market (3.78%).

Stable Dividend: Too early to tell whether MSAG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MSAG's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (3.8%), MSAG's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MSAG's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).


Next Steps

Management

What is the CEO of MS Industrie's salary, the management and board of directors tenure and is there insider trading?

€579k

CEO Compensation


CEO

Andreas Aufschnaiter 0

0yrs

Tenure

€579,000

Compensation

Dr. Andreas Aufschnaiter, Ph.D., serves as a Management Consultant at Weserbank GmbH. Dr. Aufschnaiter is the Co-founder of MS Industrie AG and serves as its Chairman of Management Board and Director of Fi ...


CEO Compensation Analysis

Compensation vs. Market: Andreas's total compensation ($USD0.00) is too low to compare against companies of similar size in the German market ($USD216.84K).

Compensation vs Earnings: Andreas's compensation has increased by more than 20% in the past year.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Andreas Aufschnaiter

    Co-Founder

    • Tenure: 0yrs
    • Compensation: €579.00k
  • Armin Distel

    Member of Management Board and Director of Sales & Technology

    • Tenure: 0yrs
    • Compensation: €556.00k

Board Members

  • Karl-Heinz Dommes

    Chairman of Supervisory Board

    • Tenure: 0yrs
  • Walter Biland

    Deputy Chairman of Supervisory Board

    • Tenure: 0yrs
  • Benjamin Mayer

    Member of Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: MS Industrie AG
  • Ticker: MSAG
  • Exchange: XTRA
  • Founded: 1991
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €56.527m
  • Shares outstanding: 29.91m
  • Website: https://www.ms-industrie.de

Number of Employees


Location

  • MS Industrie AG
  • Brienner Strasse 7
  • Munich
  • Bavaria
  • 80333
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSAGDB (Deutsche Boerse AG)YesBearer Common SharesDEEURMay 2001
MSAGXTRA (XETRA Trading Platform)YesBearer Common SharesDEEURMay 2001
0N2BLSE (London Stock Exchange)YesBearer Common SharesGBEURMay 2001
MSAGdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer Common SharesGBEURMay 2001

Biography

MS Industrie AG primarily operates in the powertrain and ultrasonic technology businesses in Germany and internationally. It designs, develops, and manufactures automotive components and systems for heavy- ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:00
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.