DB:VE8

Stock Analysis Report

Manitex International

Executive Summary

Manitex International, Inc. provides engineered lifting solutions worldwide.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.8%

VE8

1.1%

DE Machinery

1.7%

DE Market


1 Year Return

-29.5%

VE8

-12.6%

DE Machinery

7.2%

DE Market

Return vs Industry: VE8 underperformed the German Machinery industry which returned -12.6% over the past year.

Return vs Market: VE8 underperformed the German Market which returned 7.2% over the past year.


Shareholder returns

VE8IndustryMarket
7 Day-2.8%1.1%1.7%
30 Day-5.5%-3.8%2.4%
90 Day-3.3%-4.6%2.3%
1 Year-29.5%-29.5%-9.8%-12.6%10.6%7.2%
3 Year9.8%9.8%-16.0%-22.1%18.4%8.1%
5 Yearn/a19.9%5.8%42.3%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

1.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: VE8 (€5.3) is trading above our estimate of fair value (€3.63)

Significantly Below Fair Value: VE8 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VE8 is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: VE8 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VE8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VE8 is good value based on its PB Ratio (1.3x) compared to the DE Machinery industry average (1.4x).


Next Steps

Future Growth

How is Manitex International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

64.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VE8 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: VE8 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: VE8 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: VE8's revenue (2.4% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: VE8's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VE8's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Manitex International performed over the past 5 years?

-35.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VE8 is unprofitable, and losses have increased over the past 5 years at a rate of -35.6% per year.

Accelerating Growth: Unable to compare VE8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VE8 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-11.2%).


Return on Equity

High ROE: VE8 has a negative Return on Equity (-7.15%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: VE8 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: VE8 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Manitex International's financial position?


Financial Position Analysis

Short Term Liabilities: VE8's short term assets ($140.7M) exceeds its short term liabilities ($77.1M)

Long Term Liabilities: VE8's short term assets (140.7M) exceeds its long term liabilities (57.6M)


Debt to Equity History and Analysis

Debt Level: VE8's debt to equity ratio (70%) is considered high

Reducing Debt: VE8's debt to equity ratio has increased from 61.6% to 70% over the past 5 years.


Balance Sheet

Inventory Level: VE8 has a high level of physical assets or inventory.

Debt Coverage by Assets: VE8's debt is covered by short term assets (assets are 2.181000x debt).


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: Whilst unprofitable VE8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VE8 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 76.2% per year.


Next Steps

Dividend

What is Manitex International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate VE8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VE8's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if VE8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VE8's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VE8's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Steve Filipov (51yo)

0.08yrs

Tenure

0

Mr. Stoyan Filipov, also known as Steve, serves as Chief Executive Officer and Director of Manitex International, Inc since September 1, 2019. Mr. Filipov had been the President of Terex Cranes, Inc. at Te ...


Management Age and Tenure

1.8yrs

Average Tenure

51yo

Average Age

Experienced Management: VE8's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

10.4yrs

Average Tenure

69yo

Average Age

Experienced Board: VE8's board of directors are seasoned and experienced ( 10.4 years average tenure).


Insider Trading

Insider Buying: VE8 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$26,76810 Sep 19
Stoyan Filipov
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares5,000
Max PriceUS$5.35
BuyUS$60,46005 Sep 19
Stoyan Filipov
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares11,736
Max PriceUS$5.21

Ownership Breakdown


Management Team

  • David Gransee (67yo)

    Senior Vice President

    • Tenure: 2.2yrs
    • Compensation: US$257.59k
  • Steve Filipov (51yo)

    CEO & Director

    • Tenure: 0.08yrs
  • Scott Rolston

    Senior Vice President of Strategic Planning

    • Tenure: 10.2yrs
  • Sherman Jung (51yo)

    VP of Financial Reporting & Secretary

    • Tenure: 1.7yrs
    • Compensation: US$295.38k
  • Steve Kiefer (52yo)

    President & COO

    • Tenure: 1.8yrs
    • Compensation: US$550.04k
  • Laura Yu (48yo)

    Senior VP

    • Tenure: 1.4yrs
    • Compensation: US$284.13k

Board Members

  • Steve Tober (54yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$86.56k
  • Marvin Rosenberg (78yo)

    Independent Director

    • Tenure: 13.2yrs
    • Compensation: US$206.56k
  • David Langevin (68yo)

    Executive Chairman

    • Tenure: 13.3yrs
    • Compensation: US$494.83k
  • Robert Gigliotti (70yo)

    Independent Director

    • Tenure: 14.9yrs
    • Compensation: US$194.76k
  • Steve Filipov (51yo)

    CEO & Director

    • Tenure: 0.08yrs
  • Ingo Schiller (51yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$66.56k
  • Ronald Clark (71yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$86.56k
  • Fred Knox (78yo)

    Independent Director

    • Tenure: 6.1yrs
    • Compensation: US$86.56k

Company Information

Manitex International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manitex International, Inc.
  • Ticker: VE8
  • Exchange: DB
  • Founded: 1993
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$116.958m
  • Listing Market Cap: US$104.981m
  • Shares outstanding: 19.69m
  • Website: https://www.manitexinternational.com

Number of Employees


Location

  • Manitex International, Inc.
  • 9725 Industrial Drive
  • Bridgeview
  • Illinois
  • 60455
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNTXNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDFeb 2005
VE8DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2005

Biography

Manitex International, Inc. provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:36
End of Day Share Price2019/10/22 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.