DB:SQL

Stock Analysis Report

Executive Summary

Matador Partners Group AG operates as a private equity investment company.

Rewards

Trading at 28.3% below its fair value

Earnings are forecast to grow 9.92% per year

Earnings grew by 33.7% over the past year

Risk Analysis

Shareholders have been substantially diluted in the past year

Large one-off items impacting financial results

Profit margins (54.3%) are lower than last year

Latest financial reports are more than 6 months old

+ 2 more risks


Snowflake Analysis

Undervalued with moderate growth potential.

Share Price & News

How has Matador Partners Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SQL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SQL

4.1%

DE Capital Markets

2.0%

DE Market


1 Year Return

1.8%

SQL

34.0%

DE Capital Markets

15.1%

DE Market

Return vs Industry: SQL underperformed the German Capital Markets industry which returned 18.1% over the past year.

Return vs Market: SQL underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

SQLIndustryMarket
7 Day0%4.1%2.0%
30 Day0%15.7%1.0%
90 Day0%26.1%3.8%
1 Year6.1%1.8%36.8%34.0%18.6%15.1%
3 Yearn/a7.4%-5.4%16.8%6.6%
5 Yearn/a-17.5%-30.4%23.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Matador Partners Group undervalued compared to its fair value and its price relative to the market?

28.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SQL (€3.32) is trading below our estimate of fair value (€4.63)

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


Price To Earnings Ratio

PE vs Industry: SQL is good value based on its PE Ratio (0.9x) compared to the Capital Markets industry average (26x).

PE vs Market: SQL is good value based on its PE Ratio (0.9x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SQL is good value based on its PB Ratio (1.2x) compared to the DE Capital Markets industry average (1.8x).


Next Steps

Future Growth

How is Matador Partners Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SQL's forecast earnings growth (9.9% per year) is above the savings rate (0.2%).

Earnings vs Market: SQL's earnings (9.9% per year) are forecast to grow slower than the German market (13.2% per year).

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

Revenue vs Market: SQL's revenue (46.6% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: SQL's revenue (46.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Matador Partners Group performed over the past 5 years?

33.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SQL has a large one-off gain of CHF965.7K impacting its December 31 2018 financial results.

Growing Profit Margin: SQL's current net profit margins (54.3%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SQL's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare SQL's past year earnings growth to its 5-year average.

Earnings vs Industry: SQL earnings growth over the past year (33.7%) exceeded the Capital Markets industry -2.7%.


Return on Equity

High ROE: SQL's Return on Equity (3.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Matador Partners Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: SQL has a low level of unsold assets or inventory.

Debt Coverage by Assets: SQL's debt is covered by short term assets (assets are 2x debt).


Financial Institutions Analysis

Asset Level: SQL's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if SQL has a sufficient allowance for bad loans.

Low Risk Liabilities: SQL reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if SQL has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SQL has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if SQL has an appropriate level of bad loans.


Next Steps

Dividend

What is Matador Partners Group's current dividend yield, its reliability and sustainability?

5.74%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.6%forecastin3Years5.7%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if SQL'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 SQL's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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


CEO

Matador Partners Group has no CEO, or we have no data on them.


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 been substantially diluted in the past year, with total shares outstanding growing by 164%.


Top Shareholders

Company Information

Matador Partners Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Matador Partners Group AG
  • Ticker: SQL
  • Exchange: DB
  • Founded: 2005
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €38.640m
  • Shares outstanding: 11.64m
  • Website: https://www.matador-partners-group.com

Location

  • Matador Partners Group AG
  • Grundacher 5
  • Sarnen
  • Obwalden
  • 6060
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SQLDB (Deutsche Boerse AG)YesCapital StockDEEURJun 2008
SQLBRSE (Berne Stock Exchange)YesCapital StockCHCHFJun 2008

Biography

Matador Partners Group AG operates as a private equity investment company. The company invests in the private equity secondary market. It also offers portfolio of securities for daily liquidity and valuation. Matador Partners Group AG was founded in 2005 and is based in Sarnen, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/25 21:43
End of Day Share Price2019/06/28 00:00
Earnings2018/12/31
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.