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Mensch und Maschine Software

DB:MUM
Snowflake Description

Flawless balance sheet with outstanding track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MUM
DB
€538M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Mensch und Maschine Software SE provides computer aided design and manufacturing (CAD/CAM), product data management, and building information modeling/management solutions in Germany and internationally. The last earnings update was 78 days ago. More info.


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MUM Share Price and Events
7 Day Returns
-0.9%
DB:MUM
-1.3%
DE Software
-1%
DE Market
1 Year Returns
34.3%
DB:MUM
17.3%
DE Software
-6.2%
DE Market
MUM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mensch und Maschine Software (MUM) -0.9% -1.8% 0% 34.3% 121.1% 427.6%
DE Software -1.3% 7.3% 20.7% 17.3% 71.6% 108.7%
DE Market -1% 2.1% -1.8% -6.2% 10.4% 12.6%
1 Year Return vs Industry and Market
  • MUM outperformed the Software industry which returned 17.3% over the past year.
  • MUM outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
MUM
Industry
5yr Volatility vs Market

Value

 Is Mensch und Maschine Software undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mensch und Maschine Software to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mensch und Maschine Software.

DB:MUM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MUM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.12 (1 + (1- 30%) (4.25%))
1.103
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.103 * 5.96%)
6.8%

Discounted Cash Flow Calculation for DB:MUM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mensch und Maschine Software is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:MUM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.8%)
2020 26.60 Analyst x1 24.91
2021 29.30 Analyst x1 25.69
2022 32.70 Analyst x1 26.84
2023 36.30 Analyst x1 27.90
2024 38.97 Est @ 7.36% 28.05
2025 41.01 Est @ 5.22% 27.63
2026 42.53 Est @ 3.72% 26.83
2027 43.67 Est @ 2.67% 25.80
2028 44.52 Est @ 1.94% 24.62
2029 45.15 Est @ 1.43% 23.38
Present value of next 10 years cash flows €261.65
DB:MUM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €45.15 × (1 + 0.23%) ÷ (6.8% – 0.23%)
€688.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €688.48 ÷ (1 + 6.8%)10
€356.56
DB:MUM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €261.65 + €356.56
€618.21
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €618.21 / 16.35
€37.8
DB:MUM Discount to Share Price
Calculation Result
Value per share (EUR) From above. €37.80
Current discount Discount to share price of €32.50
= -1 x (€32.50 - €37.80) / €37.80
14%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mensch und Maschine Software is available for.
Intrinsic value
14%
Share price is €32.5 vs Future cash flow value of €37.8
Current Discount Checks
For Mensch und Maschine Software to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mensch und Maschine Software's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mensch und Maschine Software's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mensch und Maschine Software's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mensch und Maschine Software's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MUM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.79
DB:MUM Share Price ** DB (2019-07-16) in EUR €32.5
Germany Software Industry PE Ratio Median Figure of 18 Publicly-Listed Software Companies 34.59x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 19.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mensch und Maschine Software.

DB:MUM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:MUM Share Price ÷ EPS (both in EUR)

= 32.5 ÷ 0.79

41.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mensch und Maschine Software is overvalued based on earnings compared to the DE Software industry average.
  • Mensch und Maschine Software is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Mensch und Maschine Software's expected growth come at a high price?
Raw Data
DB:MUM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
17.3%per year
Germany Software Industry PEG Ratio Median Figure of 13 Publicly-Listed Software Companies 2.22x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:MUM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.17x ÷ 17.3%

2.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mensch und Maschine Software is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mensch und Maschine Software's assets?
Raw Data
DB:MUM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €3.93
DB:MUM Share Price * DB (2019-07-16) in EUR €32.5
Germany Software Industry PB Ratio Median Figure of 32 Publicly-Listed Software Companies 3.08x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:MUM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:MUM Share Price ÷ Book Value per Share (both in EUR)

= 32.5 ÷ 3.93

8.28x

* Primary Listing of Mensch und Maschine Software.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mensch und Maschine Software is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess Mensch und Maschine Software's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Mensch und Maschine Software has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mensch und Maschine Software expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mensch und Maschine Software expected to grow at an attractive rate?
  • Mensch und Maschine Software's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mensch und Maschine Software's earnings growth is expected to exceed the Germany market average.
  • Mensch und Maschine Software's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MUM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MUM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 17.3%
DB:MUM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.1%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 19.7%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MUM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MUM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 331 37 30 1
2022-12-31 300 34 25 1
2021-12-31 266 30 20 2
2020-12-31 244 27 16 2
2019-12-31 223 24 15 2
DB:MUM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 200 15 13
2018-12-31 185 15 12
2018-09-30 179 13 11
2018-06-30 172 17 10
2018-03-31 164 14 9
2017-12-31 161 15 9
2017-09-30 155 16 8
2017-06-30 163 15 8
2017-03-31 162 16 7
2016-12-31 167 15 7
2016-09-30 169 12 6
2016-06-30 167 11 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mensch und Maschine Software's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Mensch und Maschine Software's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MUM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Mensch und Maschine Software Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MUM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.77 1.77 1.77 1.00
2022-12-31 1.46 1.46 1.46 1.00
2021-12-31 1.21 1.21 1.21 1.00
2020-12-31 0.98 0.98 0.98 1.00
2019-12-31 0.91 0.91 0.91 1.00
DB:MUM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.79
2018-12-31 0.71
2018-09-30 0.67
2018-06-30 0.63
2018-03-31 0.58
2017-12-31 0.53
2017-09-30 0.47
2017-06-30 0.47
2017-03-31 0.43
2016-12-31 0.40
2016-09-30 0.35
2016-06-30 0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mensch und Maschine Software will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mensch und Maschine Software's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mensch und Maschine Software has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mensch und Maschine Software performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mensch und Maschine Software's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mensch und Maschine Software has delivered over 20% year on year earnings growth in the past 5 years.
  • Mensch und Maschine Software's 1-year earnings growth exceeds its 5-year average (37.3% vs 30%)
  • Mensch und Maschine Software's earnings growth has exceeded the DE Software industry average in the past year (37.3% vs 17.1%).
Earnings and Revenue History
Mensch und Maschine Software's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mensch und Maschine Software Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MUM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 199.98 13.01 71.51
2018-12-31 185.40 11.69 68.52
2018-09-30 178.93 10.91 67.11
2018-06-30 171.71 10.34 65.99
2018-03-31 163.96 9.47 65.05
2017-12-31 160.85 8.55 64.23
2017-09-30 154.95 7.65 63.38
2017-06-30 162.84 7.56 63.36
2017-03-31 162.17 7.01 62.80
2016-12-31 167.07 6.59 62.42
2016-09-30 168.67 5.72 61.30
2016-06-30 166.78 5.29 60.29
2016-03-31 167.95 4.79 59.29
2015-12-31 160.38 3.87 58.58
2015-09-30 156.35 4.14 57.77
2015-06-30 150.74 4.04 56.47
2015-03-31 145.10 3.92 55.68
2014-12-31 140.02 3.72 54.12
2014-09-30 135.34 3.39 52.85
2014-06-30 131.29 3.09 52.58
2014-03-31 126.09 2.32 51.98
2013-12-31 125.83 2.62 51.41
2013-09-30 123.96 2.37 52.01
2013-06-30 127.27 2.99 51.74
2013-03-31 126.72 3.68 51.12
2012-12-31 118.80 3.62 50.10
2012-09-30 125.29 7.99 54.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mensch und Maschine Software has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Mensch und Maschine Software used its assets more efficiently than the DE Software industry average last year based on Return on Assets.
  • Mensch und Maschine Software has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mensch und Maschine Software's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mensch und Maschine Software has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mensch und Maschine Software's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mensch und Maschine Software's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mensch und Maschine Software is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mensch und Maschine Software's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mensch und Maschine Software's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mensch und Maschine Software Company Filings, last reported 3 months ago.

DB:MUM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 69.64 15.79 14.50
2018-12-31 51.28 20.81 9.59
2018-09-30 45.23 24.25 10.62
2018-06-30 44.12 25.59 10.93
2018-03-31 47.23 19.45 9.26
2017-12-31 43.92 24.07 7.75
2017-09-30 41.95 24.86 8.25
2017-06-30 40.76 27.33 7.28
2017-03-31 43.24 24.64 8.88
2016-12-31 40.57 28.64 6.35
2016-09-30 40.22 29.16 6.57
2016-06-30 40.03 32.07 6.67
2016-03-31 41.85 32.12 9.67
2015-12-31 39.62 38.04 9.58
2015-09-30 38.91 36.91 11.50
2015-06-30 38.77 38.53 10.59
2015-03-31 40.99 37.21 8.69
2014-12-31 39.24 41.49 6.46
2014-09-30 36.33 40.29 7.60
2014-06-30 35.70 41.87 7.43
2014-03-31 37.88 39.50 7.09
2013-12-31 36.34 40.55 6.62
2013-09-30 34.49 30.86 6.12
2013-06-30 34.18 30.88 7.86
2013-03-31 37.27 28.40 6.29
2012-12-31 35.86 28.04 6.42
2012-09-30 34.78 23.97 6.95
  • Mensch und Maschine Software's level of debt (32.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (104.4% vs 32.9% today).
  • Debt is well covered by operating cash flow (65.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 90.7x coverage).
X
Financial health checks
We assess Mensch und Maschine Software's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mensch und Maschine Software has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mensch und Maschine Software's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2%
Current annual income from Mensch und Maschine Software dividends. Estimated to be 2.86% next year.
If you bought €2,000 of Mensch und Maschine Software shares you are expected to receive €40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mensch und Maschine Software's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Mensch und Maschine Software's dividend is below the markets top 25% of dividend payers in Germany (3.82%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MUM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MUM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.09 1.00
2020-12-31 0.88 1.00
2019-12-31 0.82 1.00
DB:MUM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-11 0.650 1.971
2018-03-12 0.500 1.962
2017-04-24 0.350 1.772
2016-03-14 0.250 1.927
2015-03-16 0.200 2.694
2014-03-07 0.200 3.340
2013-03-08 0.200 4.026
2012-03-16 0.200 4.062
2011-10-25 0.100 2.153
2011-10-24 0.100 1.989
2011-07-25 0.100 2.179
2011-03-11 0.100 2.073
2010-10-25 0.000 0.000
2010-07-26 0.000 0.000
2010-04-26 0.000 0.000
2010-03-31 0.000 0.000
2009-03-16 0.200 5.624

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mensch und Maschine Software's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Mensch und Maschine Software's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mensch und Maschine Software afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mensch und Maschine Software has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mensch und Maschine Software's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Adi Drotleff
COMPENSATION €236,000
CEO Bio

Mr. Adi Drotleff founded Mensch und Maschine Software SE and has been its Chairman of the Administrative Board since May 2006 and serves as its Chief Executive Officer and Member of Board of Managing Directors. Mr. Drotleff has been the Chairman of the advisory board at DATAflor AG, Goettingen since December 31, 2002. He served as Deputy Chairman and Member of the Supervisory Board of Kontron Embedded Modules Gmbh. He served as a Member of the Advisory Board for SOFiSTiK AG, Munich. He holds a Diploma in Informatiker.

CEO Compensation
  • Insufficient data for Adi to compare compensation growth.
  • Insufficient data for Adi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Adi Drotleff

TITLE
Founder
COMPENSATION
€236K

Markus Pech

TITLE
CFO & Member of Board of Managing Directors
AGE
45
TENURE
3.3 yrs

Christoph Aschenbrenner

TITLE
COO & Member of Board of Managing Directors
TENURE
5 yrs
Board of Directors Tenure

Average tenure of the Mensch und Maschine Software board of directors in years:

0.4
Average Tenure
  • The average tenure for the Mensch und Maschine Software board of directors is less than 3 years, this suggests a new board.
Board of Directors

Adi Drotleff

TITLE
Founder
COMPENSATION
€236K
TENURE
13.2 yrs

Heike Lies

TITLE
Deputy Chairwoman of Administrative Board
TENURE
0.3 yrs

Johannes Harl

TITLE
Administrative Board Member
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Mensch und Maschine Software's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mensch und Maschine Software has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Mensch und Maschine Software (FRA:MUM) Seems To Use Debt Rather Sparingly

DB:MUM Historical Debt, July 15th 2019 A Look At Mensch und Maschine Software's Liabilities The latest balance sheet data shows that Mensch und Maschine Software had liabilities of €52.6m due within a year, and liabilities of €21.1m falling due after that. … Because it carries more debt than cash, we think it's worth watching Mensch und Maschine Software's balance sheet over time. … But it is future earnings, more than anything, that will determine Mensch und Maschine Software's ability to maintain a healthy balance sheet going forward.

Simply Wall St -

Have Investors Priced In Mensch und Maschine Software SE's (FRA:MUM) Growth?

This illustrates that Mensch und Maschine Software is overvalued compared to the DE market average ratio of 19.85x , and overvalued based on current earnings compared to the Software industry average of 33.93x. … But, to be able to properly assess the value of a high-growth stock such as Mensch und Maschine Software, we must incorporate its earnings growth in our valuation. … So, when we include the growth factor in our analysis, Mensch und Maschine Software appears overvalued , based on fundamental analysis.

Simply Wall St -

Does Mensch und Maschine Software SE's (FRA:MUM) Stock Price Account For Its Growth?

As Warren Buffett’s right-hand man Charlie Munger said, “No matter how wonderful a business is, it’s not worth an infinite price.” Mensch und Maschine Software is available at price-to-earnings ratio of 45.1x, showing us it is overvalued compared to the DE market average ratio of 19.85x , and overvalued based on current earnings compared to the Software industry average of 33.93x. … However, to properly examine the value of a high-growth stock such as Mensch und Maschine Software, we must reflect its earnings growth into the valuation. … This means that, when we account for Mensch und Maschine Software's growth, the stock can be viewed as overvalued , based on fundamental analysis.

Simply Wall St -

Should We Be Delighted With Mensch und Maschine Software SE's (FRA:MUM) ROE Of 20%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Mensch und Maschine Software: 20% = €13m ÷ €70m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Mensch und Maschine Software Have A Good Return On Equity? … Combining Mensch und Maschine Software's Debt And Its 20% Return On Equity Mensch und Maschine Software has a debt to equity ratio of 0.33, which is far from excessive.

Simply Wall St -

A Look At The Intrinsic Value Of Mensch und Maschine Software SE (FRA:MUM)

Today we will run through one way of estimating the intrinsic value of Mensch und Maschine Software SE (FRA:MUM) by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €23.20 €26.60 €29.30 €32.70 €36.30 €38.97 €41.01 €42.53 €43.67 €44.52 Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ 7.36% Est @ 5.22% Est @ 3.72% Est @ 2.67% Est @ 1.94% Present Value (€, Millions) Discounted @ 6.91% €21.70 €23.27 €23.98 €25.03 €25.99 €26.10 €25.69 €24.92 €23.93 €22.82 Present Value of 10-year Cash Flow (PVCF)= €243.43m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 6.9%.

Simply Wall St -

Does Mensch und Maschine Software SE's (FRA:MUM) 37% Earnings Growth Make It An Outperformer?

Today I will take a look at Mensch und Maschine Software SE's (FRA:MUM) most recent earnings update (31 March 2019) and compare these latest figures against its performance over the past few years, as well as how the rest of the software industry performed. … Check out our latest analysis for Mensch und Maschine Software Did MUM's recent earnings growth beat the long-term trend and the industry? … You should continue to research Mensch und Maschine Software to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for MUM’s future growth?

Simply Wall St -

Here's What Mensch und Maschine Software SE's (FRA:MUM) P/E Is Telling Us

Check out our latest analysis for Mensch und Maschine Software How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Mensch und Maschine Software: P/E of 46.36 = €36.6 ÷ €0.79 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … Mensch und Maschine Software increased earnings per share by a whopping 36% last year.

Simply Wall St -

Only 2 Days Left Until Mensch und Maschine Software SE (FRA:MUM) Trades Ex-Dividend

Investors who want to cash in on Mensch und Maschine Software SE's (FRA:MUM) upcoming dividend of €0.65 per share have only 2 days left to buy the shares before its ex-dividend date, 09 May 2019, in time for dividends payable on the 11 June 2019. … Let's take a look at Mensch und Maschine Software's most recent financial data to examine its dividend characteristics in more detail. … View our latest analysis for Mensch und Maschine Software?

Simply Wall St -

With EPS Growth And More, Mensch und Maschine Software (FRA:MUM) Is Interesting

In contrast to all that, I prefer to spend time on companies like Mensch und Maschine Software (FRA:MUM), which has not only revenues, but also profits. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … Mensch und Maschine Software maintained stable EBIT margins over the last year, all while growing revenue 15% to €185m.

Simply Wall St -

You Might Like Mensch und Maschine Software SE (FRA:MUM) But Do You Like Its Debt?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Company Info

Description

Mensch und Maschine Software SE provides computer aided design and manufacturing (CAD/CAM), product data management, and building information modeling/management solutions in Germany and internationally. It operates in two segments, VAR Business and M+M Software. The VAR Business segment sells CAD software to end users, as well as provides associated services. The M+M Software segments engages in the development of CAD/CAM software. The company offers software solutions that are used for the process control of milling, drilling, and turning in various industries, such as mechanical engineering; tool, mold, and die making; automotive and aerospace industry; medical technology; and toy industry, as well as watch, clock, and jewelry manufacturing. Mensch und Maschine Software SE was founded in 1984 and is headquartered in Starnberg, Germany.

Details
Name: Mensch und Maschine Software SE
MUM
Exchange: DB
Founded: 1984
€538,076,341
16,354,904
Website: http://www.mum.de
Address: Mensch und Maschine Software SE
Argelsrieder Feld 5,
Wessling,
Starnberg,
Bavaria, 82234,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB MUM Bearer Common Stock Deutsche Boerse AG DE EUR 06. Aug 1997
XTRA MUM Bearer Common Stock XETRA Trading Platform DE EUR 06. Aug 1997
LSE 0RS2 Bearer Common Stock London Stock Exchange GB EUR 06. Aug 1997
Number of employees
Current staff
Staff numbers
901
Mensch und Maschine Software employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:42
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/05/11
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.