company background image
M5Z

Manz XTRA:M5Z Stock Report

Last Price

€36.15

Market Cap

€280.4m

7D

-4.1%

1Y

-21.8%

Updated

12 May, 2022

Data

Company Financials +
M5Z fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

M5Z Stock Overview

Manz AG engages in the manufacture and sale of high-tech equipment in Germany, the United States, Taiwan, rest of Europe, China, and internationally.

Rewards

Trading at 47.5% below our estimate of its fair value

Earnings are forecast to grow 98.85% per year

Risk Analysis

No risks detected for M5Z from our risk checks.

Manz Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Manz
Historical stock prices
Current Share Price€36.15
52 Week High€71.80
52 Week Low€34.45
Beta1.26
1 Month Change-7.78%
3 Month Change-22.01%
1 Year Change-21.75%
3 Year Change39.04%
5 Year Change-5.91%
Change since IPO88.28%

Recent News & Updates

Shareholder Returns

M5ZDE SemiconductorDE Market
7D-4.1%-2.4%-2.0%
1Y-21.8%-11.1%-11.8%

Return vs Industry: M5Z underperformed the German Semiconductor industry which returned -11.1% over the past year.

Return vs Market: M5Z underperformed the German Market which returned -11.8% over the past year.

Price Volatility

Is M5Z's price volatile compared to industry and market?
M5Z volatility
M5Z Average Weekly Movement7.7%
Semiconductor Industry Average Movement7.2%
Market Average Movement6.4%
10% most volatile stocks in DE Market10.7%
10% least volatile stocks in DE Market3.6%

Stable Share Price: M5Z is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: M5Z's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19871,384Martin Draschhttps://www.manz.com

Manz AG engages in the manufacture and sale of high-tech equipment in Germany, the United States, Taiwan, rest of Europe, China, and internationally. The company operates in five segments: Solar, Electronics, Energy Storage, Contract Manufacturing, and Service. The Solar segment provides system solutions for thin-film solar modules and CIGS thin-film technology.

Manz Fundamentals Summary

How do Manz's earnings and revenue compare to its market cap?
M5Z fundamental statistics
Market Cap€280.41m
Earnings (TTM)-€39.38m
Revenue (TTM)€249.47m

1.1x

P/S Ratio

-7.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
M5Z income statement (TTM)
Revenue€249.47m
Cost of Revenue€145.63m
Gross Profit€103.83m
Other Expenses€143.21m
Earnings-€39.38m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 04, 2022

Earnings per share (EPS)-5.08
Gross Margin41.62%
Net Profit Margin-15.78%
Debt/Equity Ratio51.6%

How did M5Z perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


47.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: M5Z (€36.15) is trading below our estimate of fair value (€68.89)

Significantly Below Fair Value: M5Z is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: M5Z is unprofitable, so we can't compare its PE Ratio to the German Semiconductor industry average.

PE vs Market: M5Z 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 M5Z's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: M5Z's PB Ratio (2.8x) is in line with the DE Semiconductor industry average.


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


98.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: M5Z is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.05%).

Earnings vs Market: M5Z is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: M5Z's is expected to become profitable in the next 3 years.

Revenue vs Market: M5Z's revenue (16.6% per year) is forecast to grow faster than the German market (5.3% per year).

High Growth Revenue: M5Z's revenue (16.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: M5Z's Return on Equity is forecast to be low in 3 years time (13%).


Past Performance

How has Manz performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: M5Z is currently unprofitable.

Growing Profit Margin: M5Z is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: M5Z is unprofitable, but has reduced losses over the past 5 years at a rate of 16.8% per year.

Accelerating Growth: Unable to compare M5Z's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: M5Z is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (79.5%).


Return on Equity

High ROE: M5Z has a negative Return on Equity (-39.09%), as it is currently unprofitable.


Financial Health

How is Manz's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: M5Z's short term assets (€206.9M) exceed its short term liabilities (€175.9M).

Long Term Liabilities: M5Z's short term assets (€206.9M) exceed its long term liabilities (€33.0M).


Debt to Equity History and Analysis

Debt Level: M5Z's net debt to equity ratio (24.1%) is considered satisfactory.

Reducing Debt: M5Z's debt to equity ratio has increased from 26.5% to 51.6% over the past 5 years.


Balance Sheet


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: Insufficient data to determine if M5Z has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if M5Z has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate M5Z's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate M5Z's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if M5Z's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if M5Z's dividend payments have been increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as M5Z has not reported any payouts.


Next Steps

Management

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

7.8yrs

Average board tenure


CEO

Martin Drasch (47 yo)

7.33yrs

Tenure

€859,000

Compensation

Mr. Martin Drasch has been Chairman of Management board at Manz AG since December 31, 2018 and has been Its Chief Executive Officer since October 1, 2018. He was Chief Operating Officer at Manz AG since Au...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD894.51K) is above average for companies of similar size in the German market ($USD619.40K).

Compensation vs Earnings: Martin's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: M5Z's board of directors are considered experienced (7.8 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

Manz AG's employee growth, exchange listings and data sources


Key Information

  • Name: Manz AG
  • Ticker: M5Z
  • Exchange: XTRA
  • Founded: 1987
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: €280.408m
  • Shares outstanding: 7.76m
  • Website: https://www.manz.com

Number of Employees


Location

  • Manz AG
  • Steigaeckerstrasse 5
  • Reutlingen
  • Baden-Württemberg
  • 72768
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/12 00:00
End of Day Share Price2022/05/12 00:00
Earnings2022/03/31
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.