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MLP

MLP XTRA:MLP Stock Report

Last Price

€5.20

Market Cap

€568.3m

7D

-3.3%

1Y

-27.4%

Updated

29 Sep, 2022

Data

Company Financials +
MLP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends4/6

MLP Stock Overview

MLP SE, together with its subsidiaries, provides financial brokerage and consulting services to private, corporate, and institutional clients in Germany.

MLP Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MLP
Historical stock prices
Current Share Price€5.20
52 Week High€8.90
52 Week Low€5.05
Beta0.92
1 Month Change-6.14%
3 Month Change-9.88%
1 Year Change-27.37%
3 Year Change10.64%
5 Year Change-13.33%
Change since IPO5.01%

Recent News & Updates

Shareholder Returns

MLPDE Capital MarketsDE Market
7D-3.3%-5.0%-5.1%
1Y-27.4%-10.8%-28.7%

Return vs Industry: MLP underperformed the German Capital Markets industry which returned -10.8% over the past year.

Return vs Market: MLP exceeded the German Market which returned -28.7% over the past year.

Price Volatility

Is MLP's price volatile compared to industry and market?
MLP volatility
MLP Average Weekly Movement5.3%
Capital Markets Industry Average Movement5.4%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.9%

Stable Share Price: MLP is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MLP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19712,209Uwe Schroeder-Wildberghttps://mlp-se.com

MLP SE, together with its subsidiaries, provides financial brokerage and consulting services to private, corporate, and institutional clients in Germany. The company’s Financial Consulting segment offers consulting services for academics and other clients related to insurance, investments, occupational pension provision schemes, and loans and mortgages, as well as the brokering of contracts in financial services. Its Banking segment provides banking services, such as accounts, credit cards, loans, mortgages, and wealth management services.

MLP Fundamentals Summary

How do MLP's earnings and revenue compare to its market cap?
MLP fundamental statistics
Market Cap€568.30m
Earnings (TTM)€71.43m
Revenue (TTM)€969.00m

8.0x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLP income statement (TTM)
Revenue€969.00m
Cost of Revenue€668.75m
Gross Profit€300.25m
Other Expenses€228.83m
Earnings€71.43m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 10, 2022

Earnings per share (EPS)0.65
Gross Margin30.99%
Net Profit Margin7.37%
Debt/Equity Ratio0%

How did MLP perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

45%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MLP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MLP?

Other financial metrics that can be useful for relative valuation.

MLP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio3.5x

Price to Earnings Ratio vs Peers

How does MLP's PE Ratio compare to its peers?

MLP PE Ratio vs Peers
The above table shows the PE ratio for MLP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.1x
AR4 AURELIUS Equity Opportunities SE KGaA
9.9x16.4%€501.1m
O4B OVB Holding
25.3x15.4%€313.5m
B8A BAVARIA Industries Group
16.4xn/a€358.7m
MUX Mutares SE KGaA
0.7x-60.7%€313.1m
MLP MLP
8x2.3%€568.3m

Price-To-Earnings vs Peers: MLP is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (13.1x).


Price to Earnings Ratio vs Industry

How does MLP's PE Ratio compare vs other companies in the DE Capital Markets Industry?

Price-To-Earnings vs Industry: MLP is good value based on its Price-To-Earnings Ratio (8x) compared to the German Capital Markets industry average (10x)


Price to Earnings Ratio vs Fair Ratio

What is MLP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MLP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: MLP is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (16x).


Share Price vs Fair Value

What is the Fair Price of MLP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MLP (€5.81) is trading below our estimate of fair value (€9.95)

Significantly Below Fair Value: MLP is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is MLP forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MLP's forecast earnings growth (2.3% per year) is above the savings rate (-0.01%).

Earnings vs Market: MLP's earnings (2.3% per year) are forecast to grow slower than the German market (9.8% per year).

High Growth Earnings: MLP's earnings are forecast to grow, but not significantly.

Revenue vs Market: MLP's revenue (4.3% per year) is forecast to grow faster than the German market (3.8% per year).

High Growth Revenue: MLP's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MLP's Return on Equity is forecast to be low in 3 years time (11.6%).


Discover growth companies

Past Performance

How has MLP performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLP has high quality earnings.

Growing Profit Margin: MLP's current net profit margins (7.4%) are higher than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: MLP's earnings have grown significantly by 22.9% per year over the past 5 years.

Accelerating Growth: MLP's earnings growth over the past year (40.3%) exceeds its 5-year average (22.9% per year).

Earnings vs Industry: MLP earnings growth over the past year (40.3%) exceeded the Capital Markets industry 16.2%.


Return on Equity

High ROE: MLP's Return on Equity (14.4%) is considered low.


Discover strong past performing companies

Financial Health

How is MLP's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MLP's short term assets (€3.1B) exceed its short term liabilities (€40.3M).

Long Term Liabilities: MLP's short term assets (€3.1B) do not cover its long term liabilities (€3.2B).


Debt to Equity History and Analysis

Debt Level: MLP is debt free.

Reducing Debt: MLP had no debt 5 years ago.

Debt Coverage: MLP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MLP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.77%

Current Dividend Yield

Dividend Yield vs Market

MLP Dividend Yield vs Market
How does MLP dividend yield compare to the market?
SegmentDividend Yield
Company (MLP)5.8%
Market Bottom 25% (DE)1.7%
Market Top 25% (DE)5.5%
Industry Average (Capital Markets)3.2%
Analyst forecast in 3 Years (MLP)6.4%

Notable Dividend: MLP's dividend (5.77%) is higher than the bottom 25% of dividend payers in the German market (1.69%).

High Dividend: MLP's dividend (5.77%) is in the top 25% of dividend payers in the German market (5.47%)


Stability and Growth of Payments

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

Growing Dividend: MLP's dividend payments have not increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.3%), MLP's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (48.7%), MLP's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

12.3yrs

Average management tenure


CEO

Uwe Schroeder-Wildberg (57 yo)

18.67yrs

Tenure

€2,338,000

Compensation

Dr. Uwe Schroeder-Wildberg has been the Chief Executive Officer of MLP SE (formerly known as MLP AG) (Marschollek Lautenschlaeger & Partner AG) since January 1, 2004 and has been its Chairman of the Execut...


CEO Compensation Analysis

Uwe Schroeder-Wildberg's Compensation vs MLP Earnings
How has Uwe Schroeder-Wildberg's remuneration changed compared to MLP's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€71m

Mar 31 2022n/an/a

€71m

Dec 31 2021€2m€550k

€63m

Sep 30 2021n/an/a

€56m

Jun 30 2021n/an/a

€51m

Mar 31 2021n/an/a

€51m

Dec 31 2020€2m€550k

€43m

Sep 30 2020n/an/a

€41m

Jun 30 2020n/an/a

€42m

Mar 31 2020n/an/a

€36m

Dec 31 2019€2m€550k

€37m

Sep 30 2019n/an/a

€32m

Jun 30 2019n/an/a

€34m

Mar 31 2019n/an/a

€34m

Dec 31 2018€2m€550k

€34m

Sep 30 2018n/an/a

€34m

Jun 30 2018n/an/a

€27m

Mar 31 2018n/an/a

€29m

Dec 31 2017€1m€550k

€28m

Sep 30 2017n/an/a

€16m

Jun 30 2017n/an/a

€20m

Mar 31 2017n/an/a

€17m

Dec 31 2016€1m€550k

€15m

Sep 30 2016n/an/a

€26m

Jun 30 2016n/an/a

€19m

Mar 31 2016n/an/a

€21m

Dec 31 2015€1m€550k

€20m

Compensation vs Market: Uwe's total compensation ($USD2.28M) is above average for companies of similar size in the German market ($USD1.22M).

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


Leadership Team

Experienced Management: MLP's management team is seasoned and experienced (12.3 years average tenure).


Board Members

Experienced Board: MLP's board of directors are considered experienced (4.3 years average tenure).


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

What is the ownership structure of MLP?
Owner TypeNumber of SharesOwnership Percentage
Private Companies3,291,0033.0%
General Public19,263,05117.6%
Individual Insiders27,389,71725.1%
Institutions59,344,31754.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 81.89% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
25.06%
H. C. Lautenschläger
27,389,717€142.4m0%no data
10.09%
Hansemerkur Krankenversicherung Auf Gegenseitigkeit, Asset Management Arm
11,026,577€57.3m0.55%100%
9.19%
Universal-Investment-Gesellschaft Mit BeschrÄNkter Haftung
10,047,858€52.2m0%0.43%
6.41%
SPSW Capital GmbH
7,004,874€36.4m0%8.67%
6.18%
Allianz SE, Insurance Investments
6,756,884€35.1m0%5.34%
5.49%
Barmenia Beteiligungsgesellshaft mbh, Asset Management Arm
6,002,526€31.2m0%100%
4.11%
Manfred Lautenschlã¤Ger Stiftung Gmbh., Endowment Arm
4,493,656€23.4m0%no data
3.01%
Barmenia Krankenversicherung AG
3,291,003€17.1m0%no data
2.86%
HDI Haftpflichtverband Der Deutschen Industrie VaG, Asset Management Arm
3,129,773€16.3m0%100%
2.2%
Dimensional Fund Advisors LP
2,401,028€12.5m0.98%no data
1.87%
Oddo Bhf Asset Management SAS
2,044,675€10.6m0%0.19%
1.05%
Deutsche Asset & Wealth Management
1,151,802€6.0m0%no data
0.9%
BlackRock, Inc.
981,256€5.1m-0.76%no data
0.59%
Norges Bank Investment Management
648,078€3.4m0%no data
0.58%
Rainier Investment Management, LLC
630,706€3.3m0%0.25%
0.55%
PEH Wertpapier AG
600,000€3.1m0%0.29%
0.5%
AXA Investment Managers S.A.
550,000€2.9m0%0.01%
0.39%
GS&P Kapitalanlagegesellschaft S.A.
421,670€2.2m0%0.46%
0.18%
LOYS AG
198,759€1.0m0%0.14%
0.16%
WisdomTree Asset Management, Inc.
178,298€927.1k1.07%0.01%
0.16%
pfp Advisory GmbH
178,081€926.0k0%4.13%
0.096%
Lloyd Fonds AG, Asset Management Arm
105,150€546.8k0%0.56%
0.093%
Top VermÖGen Ag
102,000€530.4k0%2.56%
0.076%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
82,590€429.5k0%no data
0.073%
BNY Mellon Service Kapitalanlage-Gesellschaft mbH
80,000€416.0k0%0.03%

Company Information

MLP SE's employee growth, exchange listings and data sources


Key Information

  • Name: MLP SE
  • Ticker: MLP
  • Exchange: XTRA
  • Founded: 1971
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: €568.298m
  • Shares outstanding: 109.29m
  • Website: https://mlp-se.com

Number of Employees


Location

  • MLP SE
  • Alte Heerstrasse 40
  • Wiesloch
  • Baden-Württemberg
  • 69168
  • Germany


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLPK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
MLPDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NDPLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
MLPXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
MLPDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
MLPSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
MLPWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.