Mobotix (XTRA:MBQ) - Share price, News & Analysis

MBQ fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

MBQ Stock Overview

Mobotix AG manufactures and distributes intelligent IP video security systems worldwide.

Rewards

Earnings are forecast to grow 91.96% per year

Risk Analysis

Debt is not well covered by operating cash flow

Does not have a meaningful market cap (€53M)

Mobotix Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mobotix
Historical stock prices
Current Share Price	€4.06
52 Week High	€8.30
52 Week Low	€3.81
Beta	0.98
1 Month Change	-2.87%
3 Month Change	-13.62%
1 Year Change	-27.50%
3 Year Change	-56.58%
5 Year Change	-67.80%
Change since IPO	-32.37%

Recent News & Updates

Jun 17

Investors Met With Slowing Returns on Capital At Mobotix (ETR:MBQ)

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Mar 23

Mobotix (ETR:MBQ) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Shareholder Returns

	MBQ	DE Electronic	DE Market
7D	4.6%	0.2%	-0.1%
1Y	-27.5%	-25.1%	-22.0%

Return vs Industry: MBQ underperformed the German Electronic industry which returned -25.1% over the past year.

Return vs Market: MBQ underperformed the German Market which returned -22% over the past year.

Price Volatility

Is MBQ's price volatile compared to industry and market?
MBQ volatility
MBQ Average Weekly Movement	5.7%
Electronic Industry Average Movement	5.7%
Market Average Movement	5.6%
10% most volatile stocks in DE Market	10.0%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: MBQ is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MBQ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	318	Thomas Lausten	https://www.mobotix.com

Mobotix AG manufactures and distributes intelligent IP video security systems worldwide. The company’s outdoor camera products include IoT cameras, video technologies, allrounddual, dualdome, dualflex, vandalism, hemispheric, domes, and flexs; IP video door stations; and indoor 360 degrees, 180 degrees, domes, and PT cameras. It provides thermographic cameras; and system components, including environmental sensors, infrared illuminators, alarm systems, room thermostats, control relays, and electric drives for blinds and barriers.

Mobotix Fundamentals Summary

How do Mobotix's earnings and revenue compare to its market cap?
MBQ fundamental statistics
Market Cap	€53.45m
Earnings (TTM)	-€62.00k
Revenue (TTM)	€66.86m

0.8x

P/S Ratio

-863.8x

P/E Ratio

Is MBQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MBQ income statement (TTM)
Revenue	€66.86m
Cost of Revenue	€32.12m
Gross Profit	€34.74m
Other Expenses	€34.80m
Earnings	-€62.00k

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0047
Gross Margin	51.96%
Net Profit Margin	-0.092%
Debt/Equity Ratio	85.9%

How did MBQ perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

-849%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MBQ. This is calculated by dividing MBQ's market cap by their current preferred multiple.
What is MBQ's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€53.45m

MBQ 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/Revenue	1.2x
Enterprise Value/EBITDA	26.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does MBQ's PS Ratio compare to its peers?

MBQ PS Ratio vs Peers

The above table shows the PS ratio for MBQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	0.8x

Forward PS

Price-To-Sales vs Peers: MBQ is expensive based on its Price-To-Sales Ratio (0.8x) compared to the peer average (0.8x).

Price to Earnings Ratio vs Industry

How does MBQ's PE Ratio compare vs other companies in the German Electronic Industry?

Price-To-Sales vs Industry: MBQ is good value based on its Price-To-Sales Ratio (0.8x) compared to the German Electronic industry average (0.9x)

Price to Sales Ratio vs Fair Ratio

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

MBQ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	1.3x

Price-To-Sales vs Fair Ratio: MBQ is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

Share Price vs Fair Value

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

Below Fair Value: MBQ (€4.06) is trading above our estimate of fair value (€3.85)

Significantly Below Fair Value: MBQ is trading above our estimate of fair value.

Price to Earnings Growth Ratio

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

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Future Growth

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

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

92.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

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

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

High Growth Earnings: MBQ is expected to become profitable in the next 3 years.

Revenue vs Market: MBQ's revenue (8.9% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: MBQ's revenue (8.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MBQ's Return on Equity is forecast to be low in 3 years time (13.7%).

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Past Performance

How has Mobotix 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

59.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MBQ is currently unprofitable.

Growing Profit Margin: MBQ is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: MBQ is unprofitable, but has reduced losses over the past 5 years at a rate of 59.3% per year.

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

Earnings vs Industry: MBQ is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (35.2%).

Return on Equity

High ROE: MBQ has a negative Return on Equity (-0.2%), as it is currently unprofitable.

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Financial Health

How is Mobotix's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MBQ's short term assets (€45.7M) exceed its short term liabilities (€33.0M).

Long Term Liabilities: MBQ's short term assets (€45.7M) exceed its long term liabilities (€7.7M).

Debt to Equity History and Analysis

Debt Level: MBQ's net debt to equity ratio (81.3%) is considered high.

Reducing Debt: MBQ's debt to equity ratio has increased from 39.1% to 85.9% over the past 5 years.

Debt Coverage: MBQ's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: MBQ's interest payments on its debt are well covered by EBIT (3.9x coverage).

Balance Sheet

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Dividend

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

Dividend Score

1/6

Dividend Score 1/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.98%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MBQ's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: MBQ's dividend (0.99%) is low compared to the top 25% of dividend payers in the German market (4.53%).

Stability and Growth of Payments

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

Growing Dividend: MBQ's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: MBQ is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: MBQ is paying a dividend but the company has no free cash flows.

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Management

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

1.9yrs

Average board tenure

CEO

Thomas Lausten

5yrs

Tenure

Mr. Thomas Lausten has been Chief Executive Officer and Member of Management Board at Mobotix AG since June 15, 2017 and serves as its Chairman of the Management Board. Mr. Lausten served as Vice President...

Board Members

Experienced Board: MBQ's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/25 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/09/30
Annual Earnings	2021/09/30