Masterflex SE develops, produces, and markets high-tech hoses and connecting systems for various industrial and manufacturing applications worldwide.
Very undervalued with excellent balance sheet.
Share Price & News
How has Masterflex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MZX has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MZX underperformed the German Machinery industry which returned -10.7% over the past year.
Return vs Market: MZX underperformed the German Market which returned 14.1% over the past year.
Price Volatility Vs. Market
How volatile is Masterflex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIs Masterflex SE (ETR:MZX) Creating Value For Shareholders?
2 weeks ago | Simply Wall StSome Masterflex (ETR:MZX) Shareholders Are Down 34%
4 weeks ago | Simply Wall StDoes Masterflex SE (ETR:MZX) Have A Good P/E Ratio?
Is Masterflex 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: MZX (€4.88) is trading below our estimate of fair value (€8.85)
Significantly Below Fair Value: MZX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MZX is good value based on its PE Ratio (13.9x) compared to the Machinery industry average (15.8x).
PE vs Market: MZX is good value based on its PE Ratio (13.9x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: MZX is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: MZX is good value based on its PB Ratio (1.1x) compared to the DE Machinery industry average (1.5x).
How is Masterflex forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MZX's forecast earnings growth (14.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: MZX's earnings (14.3% per year) are forecast to grow faster than the German market (13.3% per year).
High Growth Earnings: MZX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MZX's revenue (4.1% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: MZX's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MZX's Return on Equity is forecast to be low in 3 years time (9.7%).
How has Masterflex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MZX has high quality earnings.
Growing Profit Margin: MZX's current net profit margins (4.1%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: MZX's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: MZX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MZX had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the Machinery industry average (-14.4%).
Return on Equity
High ROE: MZX's Return on Equity (7.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Masterflex's financial position?
Financial Position Analysis
Short Term Liabilities: MZX's short term assets (€35.5M) exceed its short term liabilities (€11.7M).
Long Term Liabilities: MZX's short term assets (€35.5M) exceed its long term liabilities (€27.9M).
Debt to Equity History and Analysis
Debt Level: MZX's debt to equity ratio (70.1%) is considered high.
Reducing Debt: MZX's debt to equity ratio has reduced from 81.6% to 70.1% over the past 5 years.
Debt Coverage: MZX's debt is well covered by operating cash flow (21.2%).
Interest Coverage: MZX's interest payments on its debt are well covered by EBIT (5.4x coverage).
Inventory Level: MZX has a high level of physical assets or inventory.
Debt Coverage by Assets: MZX's debt is covered by short term assets (assets are 1.2x debt).
What is Masterflex's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MZX's dividend (1.43%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: MZX's dividend (1.43%) is low compared to the top 25% of dividend payers in the German market (3.57%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MZX has been paying a dividend for less than 10 years.
Growing Dividend: MZX's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20%), MZX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MZX's dividends in 3 years are forecast to be well covered by earnings (19.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andreas Bastin (56yo)
Dr. Andreas Bastin has been the Chairman of the Executive Board and Chief Executive Officer of Masterflex SE since April 1, 2008. Dr. Bastin serves as Chairman of the Executive Board of Masterflex AG and s ...
CEO Compensation Analysis
Compensation vs Market: Andreas's total compensation ($USD629.39K) is above average for companies of similar size in the German market ($USD413.42K).
Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.
|Founder & Honorary Chairman of the Supervisory Board||3.7yrs||no data||3.04% €1.4m|
|Member of the Supervisory Board||3.7yrs||€22.00k||no data|
|Vice Chairman of the Supervisory Board||3.7yrs||€27.00k||no data|
|Chairman of the Supervisory Board||3.7yrs||€32.00k||no data|
Experienced Board: MZX's board of directors are considered experienced (3.7 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.
Masterflex SE's company bio, employee growth, exchange listings and data sources
- Name: Masterflex SE
- Ticker: MZX
- Exchange: XTRA
- Founded: 1987
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: €46.937m
- Shares outstanding: 9.62m
- Website: https://www.masterflexgroup.com
Number of Employees
- Masterflex SE
- Willy-Brandt-Allee 300
- North Rhine-Westphalia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MZX||DB (Deutsche Boerse AG)||Yes||Ordinary Bearer Shares||DE||EUR||Jun 2000|
|MZX||XTRA (XETRA Trading Platform)||Yes||Ordinary Bearer Shares||DE||EUR||Jun 2000|
|0FCT||LSE (London Stock Exchange)||Yes||Ordinary Bearer Shares||GB||EUR||Jun 2000|
Masterflex SE develops, produces, and markets high-tech hoses and connecting systems for various industrial and manufacturing applications worldwide. It offers spiral hoses, clip hoses, and PU hoses, as well as connecting elements like cuffs, flanges, threaded sockets, clamps, and other accessories under the Masterflex brand; and specialist hoses, bellows, and moulded parts for aerospace, automotive, and rail transport industries under the Matzen & Timm brand. The company also provides extruded hoses and profiles under the Novoplast Schlauchtechnik brand; quality injection-moulded parts and assembled plastic components for the medical technology, cosmetics, and food technology industries under the Fleima-Plastic brand; and hoses for heating, ventilation, and air conditioning under the Masterduct. In addition, it offers smooth and shrink tubes produced from fluoridated plastics under the APT brand name; and markets intelligent hoses and connection solutions under the AMPIUS brand. Masterflex SE was founded in 1987 and is headquartered in Gelsenkirchen, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 21:23|
|End of Day Share Price||2020/02/19 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.