Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.36, the stock trades at a trailing P/E ratio of 6.5x. Average forward P/E is 26x in the Electronic industry in Germany. Total loss to shareholders of 61% over the past three years. Reported Earnings • Mar 20
Full year 2025 earnings released Full year 2025 results: Revenue: €74.3m (up 36% from FY 2024). Net income: €2.76m (up €8.29m from FY 2024). Profit margin: 3.7% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Electronic industry in Germany are expected to grow by 6.9%. Announcement • Mar 11
Mobotix AG, Annual General Meeting, Apr 17, 2026 Mobotix AG, Annual General Meeting, Apr 17, 2026, at 10:00 W. Europe Standard Time. New Risk • Feb 22
New major risk - Revenue and earnings growth Earnings have declined by 50% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 50% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (€20.7m market cap, or US$24.4m). Buy Or Sell Opportunity • Feb 22
Now 22% undervalued Over the last 90 days, the stock has risen 114% to €1.57. The fair value is estimated to be €2.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Jan 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€8.19m market cap, or US$9.61m). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Dec 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.12m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€8.12m market cap, or US$9.56m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Nov 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (€10.2m market cap, or US$11.9m). New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€7.00m market cap, or US$8.22m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). New Risk • Jul 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.26m (US$9.66m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (€8.26m market cap, or US$9.66m). Announcement • Apr 30
Certina Software Investments Ag completed the acquisition of 64.90% stake in Mobotix AG (XTRA:MBQ) from Konica Minolta, Inc. (TSE:4902). Certina Software Investments Ag signed an agreement to acquire 64.90% stake in Mobotix AG (XTRA:MBQ) from Konica Minolta, Inc. (TSE:4902) on March 25, 2025. As part of acquisition, 8,615,382 shares will be acquired.
The transaction is subject to approval by regulatory board / committee. The transaction is expected to complete in first half of the fiscal year ending March 31, 2026. Michael Burian, Adrian Bingel and Ocka Stumm of Gleiss Lutz acted as legal advisor to Konica Minolta, Inc.
Certina Software Investments Ag completed the acquisition of 64.90% stake in Mobotix AG (XTRA:MBQ) from Konica Minolta, Inc. (TSE:4902) on April 29, 2025. Reported Earnings • Apr 01
Full year 2024 earnings released Full year 2024 results: Revenue: €55.8m (down 17% from FY 2023). Net loss: €5.53m (loss widened 2.3% from FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Electronic industry in Germany. Announcement • Mar 27
Mobotix AG, Annual General Meeting, May 02, 2025 Mobotix AG, Annual General Meeting, May 02, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 26
Certina Software Investments Ag signed an agreement to acquire 64.90% stake in Mobotix AG (XTRA:MBQ) from Konica Minolta, Inc. (TSE:4902). Certina Software Investments Ag signed an agreement to acquire 64.90% stake in Mobotix AG (XTRA:MBQ) from Konica Minolta, Inc. (TSE:4902) on March 25, 2025. As part of acquisition, 8,615,382 shares will be acquired.
The transaction is subject to approval by regulatory board / committee. The transaction is expected to complete in first half of the fiscal year ending March 31, 2026. New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€5.08m market cap, or US$5.27m). Minor Risk Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). New Risk • Nov 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (€6.85m market cap, or US$7.13m). Minor Risk Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Major Estimate Revision • Sep 13
Consensus EPS estimates fall by 300% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €54.4m to €50.0m. Losses expected to increase from €0.05 per share to €0.20. Electronic industry in Germany expected to see average net income growth of 33% next year. Consensus price target down from €1.20 to €0.60. Share price fell 12% to €0.61 over the past week. New Risk • Aug 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.95m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€8.95m market cap, or US$9.77m). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). New Risk • May 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (€13.3m market cap, or US$14.5m). New Risk • Apr 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (€15.4m market cap, or US$16.5m). Buy Or Sell Opportunity • Mar 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 48% to €1.08. The fair value is estimated to be €1.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Dec 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (€27.6m market cap, or US$29.8m). New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€35.5m market cap, or US$38.2m). Reported Earnings • May 26
First half 2023 earnings released First half 2023 results: Revenue: €35.2m (up 23% from 1H 2022). Net loss: €295.0k (loss narrowed 91% from 1H 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Reported Earnings • Apr 14
Full year 2022 earnings released Full year 2022 results: Revenue: €60.1m (down 10% from FY 2021). Net loss: €6.31m (loss widened €6.25m from FY 2021). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Price Target Changed • Nov 16
Price target decreased to €3.20 Down from €5.60, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €3.15. Stock is down 44% over the past year. The company is forecast to post a net loss per share of €0.29 next year compared to a net loss per share of €0.0047 last year. Announcement • Sep 17
Mobotix AG Ordinary Shares Deleted from OTC Equity Mobotix AG, Kaiserslautern Ordinary Shares (Germany) has been deleted from OTC Equity effective from September 16, 2022, due to Inactive Security. Announcement • Sep 09
Scylla and MOBOTIX Release a Joint Physical Threat Detection Solution to Protect Healthcare Facilities MOBOTIX and Scylla have joined their forces to release a comprehensive physical threat detection solution to help better protect healthcare facilities. There is an overwhelming amount of security challenges that need to be addressed in healthcare facilities. Violence against staff is placed at the top of the most common security issues when it comes to healthcare workers. Accidental falls are among the most reported incidents in healthcare facilities, leading to patient injuries. In the wake of another spate of gun violence, healthcare workers and everyone else who is seeking care at that hospital appear to be at tremendous risk. Both Scylla and MOBOTIX have a number of healthcare facilities as their clients countrywide and are dedicated to working jointly to serve its customers for everyone's safety. Reported Earnings • Jul 01
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €68.0k from profit in 1H 2021). Profit margin: (down from 0.2% in 1H 2021). Over the next year, revenue is forecast to grow 2.4%, compared to a 20% growth forecast for the industry in Germany. Price Target Changed • Apr 27
Price target decreased to €4.80 Down from €5.60, the current price target is provided by 1 analyst. New target price is 9.8% above last closing price of €4.37. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.07 next year compared to a net loss per share of €0.0047 last year. Upcoming Dividend • Jan 21
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 01 February 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (0.7%). Announcement • Jan 18
Mobotix AG (XTRA:MBQ) agreed to acquire Vaxtor Recognition Technologies Ltd. Mobotix AG (XTRA:MBQ) agreed to acquire Vaxtor Recognition Technologies Ltd. on January 17, 2022. The corporate bodies have approved the acquisition. Completion is still subject to the approval of the relevant authorities. The acquisition is expected to close in Q1 2022. Reported Earnings • Jan 07
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: €0.005 loss per share (down from €0.35 profit in FY 2020). Revenue: €66.9m (down 9.3% from FY 2020). Net loss: €62.0k (down 101% from profit in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 8.0%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €6.30, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Electronic industry in Germany. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 20% share price gain to €7.00, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 24x in the Electronic industry in Germany. Total loss to shareholders of 24% over the past three years. Major Estimate Revision • May 20
Consensus revenue estimates fall to €62.2m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from €78.8m to €62.2m. EPS estimate fell from €0.29 to €0.08 per share. Net income forecast to shrink 49% next year vs 33% growth forecast for Electronic industry in Germany . Consensus price target down from €9.00 to €6.50. Share price fell 6.7% to €5.60 over the past week. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €5.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electronic industry in Germany. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.27 per share. Price Target Changed • May 07
Price target decreased to €9.00 Down from €10.25, the current price target is an average from 2 analysts. New target price is 36% above last closing price of €6.60. Stock is up 3.1% over the past year. Is New 90 Day High Low • Mar 10
New 90-day low: €6.75 The company is down 7.0% from its price of €7.25 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.54 per share. Upcoming Dividend • Jan 22
Upcoming Dividend of €0.04 Per Share Will be paid on the 2nd of February to those who are registered shareholders by the 29th of January. The trailing yield of 0.5% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (0.6%). Is New 90 Day High Low • Jan 20
New 90-day high: €7.80 The company is up 32% from its price of €5.90 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.61 per share. Price Target Changed • Dec 07
Price target lowered to €10.25 Down from €12.15, the current price target is an average from 2 analysts. The new target price is 40% above the current share price of €7.30. As of last close, the stock is down 12% over the past year. Is New 90 Day High Low • Dec 02
New 90-day high: €6.75 The company is up 11% from its price of €6.10 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period.