DB:MA5

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Executive Summary

Macromill, Inc. provides marketing research services worldwide.


Snowflake Analysis

Very undervalued with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MA5 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MA5

-1.3%

DE Media

0.05%

DE Market


1 Year Return

-43.2%

MA5

-20.7%

DE Media

3.4%

DE Market

Return vs Industry: MA5 underperformed the German Media industry which returned -20.6% over the past year.

Return vs Market: MA5 underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

MA5IndustryMarket
7 Day0%-1.3%0.05%
30 Day-0.8%-3.0%5.5%
90 Day13.6%7.0%19.9%
1 Year-42.4%-43.2%-20.4%-20.7%5.7%3.4%
3 Year-70.4%-71.2%-33.7%-40.3%3.4%-4.7%
5 Yearn/a-40.0%-51.2%10.4%-4.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MA5 (€5.85) is trading below our estimate of fair value (€13.6)

Significantly Below Fair Value: MA5 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MA5 is good value based on its PE Ratio (7.3x) compared to the DE Media industry average (21.4x).

PE vs Market: MA5 is good value based on its PE Ratio (7.3x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: MA5 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: MA5 is good value based on its PB Ratio (0.9x) compared to the DE Media industry average (2x).


Next Steps

Future Growth

How is Macromill forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MA5's forecast earnings growth (8.3% per year) is above the savings rate (0.2%).

Earnings vs Market: MA5's earnings (8.3% per year) are forecast to grow slower than the German market (22.3% per year).

High Growth Earnings: MA5's earnings are forecast to grow, but not significantly.

Revenue vs Market: MA5's revenue (3.7% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: MA5's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MA5's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

How has Macromill performed over the past 5 years?

30.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MA5 has high quality earnings.

Growing Profit Margin: MA5's current net profit margins (9.3%) are lower than last year (11.2%).


Past Earnings Growth Analysis

Earnings Trend: MA5 has become profitable over the past 5 years, growing earnings by 30.3% per year.

Accelerating Growth: MA5's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MA5 had negative earnings growth (-17%) over the past year, making it difficult to compare to the Media industry average (-2.2%).


Return on Equity

High ROE: MA5's Return on Equity (12.9%) is considered low.


Next Steps

Financial Health

How is Macromill's financial position?


Financial Position Analysis

Short Term Liabilities: MA5's short term assets (¥21.7B) exceed its short term liabilities (¥10.8B).

Long Term Liabilities: MA5's short term assets (¥21.7B) do not cover its long term liabilities (¥36.1B).


Debt to Equity History and Analysis

Debt Level: MA5's debt to equity ratio (96.1%) is considered high.

Reducing Debt: MA5's debt to equity ratio has reduced from 285.2% to 96.1% over the past 5 years.

Debt Coverage: MA5's debt is well covered by operating cash flow (20.7%).

Interest Coverage: MA5's interest payments on its debt are well covered by EBIT (14x coverage).


Balance Sheet


Next Steps

Dividend

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

1.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MA5's dividend (1.5%) is higher than the bottom 25% of dividend payers in the German market (1.24%).

High Dividend: MA5's dividend (1.5%) is low compared to the top 25% of dividend payers in the German market (3.77%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MA5 has been paying a dividend for less than 10 years.

Growing Dividend: MA5'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 (8.9%), MA5's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Scott Ernst (57yo)

4.75yrs

Tenure

Mr. Scott Ernst has been the Global Chief Executive Officer of Macromill, Inc. since October 2015 and has been its Representative Executive Officer since February 2016. Mr. Ernst has been Interim Executive ...


Leadership Team

NamePositionTenureCompensationOwnership
Scott Ernst
Interim Exec. Officer of Europe4.75yrsno data0.19% ¥451.0k
Masahiro Shimizu
Executive Officer & Global CFO2.58yrsno datano data
Toru Sasaki
Representative Executive Officer & Head of Japan Operationno datano data0.015% ¥36.1k
Kuniko Ogawa
Executive Officer & Global CTO5.42yrsno datano data
Derek Swanson
Senior Vice President of Strategy & Corporate Development1.83yrsno datano data
Ryo Takahashi
Operating Officerno datano datano data
Matthijs Elias Willem
Executive Officer of Europe & America Operation0.83yrno data0.52% ¥1.3m
Hironao Ashizawa
Executive Managerno datano datano data
Tetsuya Shinoda
Senior Executive Managerno datano datano data

2.6yrs

Average Tenure

54yo

Average Age

Experienced Management: MA5's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scott Ernst
Interim Exec. Officer of Europe4.75yrsno data0.19% ¥451.0k
Lawrence Weber
External Director3.67yrsno datano data
Atsushi Mizushima
External Director3.67yrsno datano data
Naofumi Nishi
Directorno datano datano data
Akie Iriyama
External Director4.17yrsno datano data
Shigeru Nishiyama
Independent Outside Directorno datano data0.0045% ¥10.8k

3.9yrs

Average Tenure

52.5yo

Average Age

Experienced Board: MA5's board of directors are considered experienced (3.9 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

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


Top Shareholders

Company Information

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


Key Information

  • Name: Macromill, Inc.
  • Ticker: MA5
  • Exchange: DB
  • Founded: 2000
  • Industry: Advertising
  • Sector: Media
  • Market Cap: JP¥29.549b
  • Listing Market Cap: JP¥242.398m
  • Shares outstanding: 40.31m
  • Website: https://www.macromill.com

Number of Employees


Location

  • Macromill, Inc.
  • Shinagawa East One Tower
  • 11th Floor
  • Tokyo
  • 108-0075
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3978TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYMar 2017
MA5DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2017
MCCL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2017

Biography

Macromill, Inc. provides marketing research services worldwide. It offers Video Collect, a video collection research service that allows the user to discover and create hypotheses from consumer's unconscious behavior in IT; and Neuro Research services to investigate and evaluate neural activity reactions, such as electroencephalograms that cannot be caught by questionnaires and interviews. It is also involved in the Internet research; offline research, such as FGI / DI, CLT, and HUT; digital marketing research, database research, self type research, medical research, and promotion × research, as well as survey planning, summarization, and analysis activities. In addition, the company provides social data analysis service; marketing and consulting services; and sampling measures, O2O promotion, advertisement planning, etc. Macromill, Inc. was founded in 2000 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:18
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


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.