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MGI Digital Technology Société Anonyme

DB:2EI
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2EI
DB
€275M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

MGI Digital Technology Société Anonyme designs, manufactures, and sells digital printing and finishing equipment for the graphic industry in France and internationally. The last earnings update was 15 days ago. More info.


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2EI Share Price and Events
7 Day Returns
-3%
DB:2EI
2.1%
DE Tech
1%
DE Market
1 Year Returns
-
DB:2EI
1.5%
DE Tech
-5.6%
DE Market
2EI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MGI Digital Technology Société Anonyme (2EI) -3% 8.3% 5.9% - - -
DE Tech 2.1% 5.1% 11.9% 1.5% 71.5% 110.7%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • No trading data on 2EI.
  • No trading data on 2EI.
Price Volatility
2EI
Industry
5yr Volatility vs Market

2EI Value

 Is MGI Digital Technology Société Anonyme 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 MGI Digital Technology Société Anonyme 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 MGI Digital Technology Société Anonyme.

DB:2EI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:2EI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 33%) (4.73%))
1.053
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.053 * 6.65%)
7.23%

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

The calculations below outline how an intrinsic value for MGI Digital Technology Société Anonyme 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:2EI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.23%)
2019 9.90 Analyst x1 9.23
2020 18.10 Analyst x1 15.74
2021 25.30 Est @ 39.8% 20.52
2022 32.37 Est @ 27.93% 24.48
2023 38.72 Est @ 19.62% 27.31
2024 44.06 Est @ 13.8% 28.99
2025 48.35 Est @ 9.73% 29.66
2026 51.67 Est @ 6.88% 29.57
2027 54.20 Est @ 4.88% 28.92
2028 56.09 Est @ 3.49% 27.91
Present value of next 10 years cash flows €242.34
DB:2EI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €56.09 × (1 + 0.23%) ÷ (7.23% – 0.23%)
€803.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €803.02 ÷ (1 + 7.23%)10
€399.60
DB:2EI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €242.34 + €399.60
€641.94
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €641.94 / 6.17
€104.04
DB:2EI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2EI represents 1.02466x of ENXTPA:ALMDG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02466x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 104.04 x 1.02466
€106.60
Value per share (EUR) From above. €106.60
Current discount Discount to share price of €45.70
= -1 x (€45.70 - €106.60) / €106.60
57.1%

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

Current Discount
Amount off the current price MGI Digital Technology Société Anonyme is available for.
Intrinsic value
>50%
Share price is €45.7 vs Future cash flow value of €106.6
Current Discount Checks
For MGI Digital Technology Société Anonyme to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MGI Digital Technology Société Anonyme's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MGI Digital Technology Société Anonyme's share price is below the future cash flow value, and 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 MGI Digital Technology Société Anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MGI Digital Technology Société Anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2EI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.03
ENXTPA:ALMDG Share Price ** ENXTPA (2019-04-24) in EUR €44.6
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.1x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

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

** Primary Listing of MGI Digital Technology Société Anonyme.

DB:2EI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ALMDG Share Price ÷ EPS (both in EUR)

= 44.6 ÷ 2.03

21.95x

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

  • MGI Digital Technology Société Anonyme is overvalued based on earnings compared to the Europe Tech industry average.
  • MGI Digital Technology Société Anonyme is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does MGI Digital Technology Société Anonyme's expected growth come at a high price?
Raw Data
DB:2EI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
25.4%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:2EI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.95x ÷ 25.4%

0.86x

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

  • MGI Digital Technology Société Anonyme is good value based on expected growth next year.
Price based on value of assets
What value do investors place on MGI Digital Technology Société Anonyme's assets?
Raw Data
DB:2EI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €14.40
ENXTPA:ALMDG Share Price * ENXTPA (2019-04-24) in EUR €44.6
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.28x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:2EI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ALMDG Share Price ÷ Book Value per Share (both in EUR)

= 44.6 ÷ 14.40

3.1x

* Primary Listing of MGI Digital Technology Société Anonyme.

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

  • MGI Digital Technology Société Anonyme is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess MGI Digital Technology Société Anonyme'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. MGI Digital Technology Société Anonyme has a total score of 3/6, 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.

2EI Future Performance

 How is MGI Digital Technology Société Anonyme expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
25.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MGI Digital Technology Société Anonyme expected to grow at an attractive rate?
  • MGI Digital Technology Société Anonyme's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • MGI Digital Technology Société Anonyme's earnings growth is expected to exceed the Germany market average.
  • MGI Digital Technology Société Anonyme's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2EI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2EI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 25.4%
DB:2EI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 17.2%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:2EI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2EI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 93 25 20 1
2019-12-31 70 17 14 1
DB:2EI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 67 15 13
2018-09-30 64 11
2018-06-30 61 9 10
2018-03-31 60 9 9
2017-12-31 59 9 9
2017-09-30 59 8
2017-06-30 58 11 8
2017-03-31 54 9 8
2016-12-31 50 6 7
2016-09-30 51 8
2016-06-30 51 2 8
2016-03-31 51 0 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MGI Digital Technology Société Anonyme's earnings are expected to grow significantly at over 20% yearly.
  • MGI Digital Technology Société Anonyme's revenue is expected to grow by 17.2% 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:2EI 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 1 Analyst Estimates (S&P Global) See Below

All data from MGI Digital Technology Société Anonyme Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2EI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.33 3.33 3.33 1.00
2019-12-31 2.25 2.25 2.25 1.00
DB:2EI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.03
2018-09-30 1.80
2018-06-30 1.57
2018-03-31 1.48
2017-12-31 1.40
2017-09-30 1.30
2017-06-30 1.21
2017-03-31 1.19
2016-12-31 1.17
2016-09-30 1.32
2016-06-30 1.48
2016-03-31 1.42

*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.
  • MGI Digital Technology Société Anonyme is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MGI Digital Technology Société Anonyme'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
MGI Digital Technology Société Anonyme has a total score of 4/6, 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.

2EI Past Performance

  How has MGI Digital Technology Société Anonyme 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 MGI Digital Technology Société Anonyme's growth in the last year to its industry (Tech).
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.
  • MGI Digital Technology Société Anonyme's year on year earnings growth rate has been positive over the past 5 years.
  • MGI Digital Technology Société Anonyme's 1-year earnings growth exceeds its 5-year average (45.9% vs 13.4%)
  • MGI Digital Technology Société Anonyme's earnings growth has exceeded the Europe Tech industry average in the past year (45.9% vs 12.3%).
Earnings and Revenue History
MGI Digital Technology Société Anonyme'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 MGI Digital Technology Société Anonyme Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2EI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 66.85 12.54 20.36
2018-09-30 63.91 11.10 20.51
2018-06-30 60.98 9.67 20.67
2018-03-31 60.03 9.13 20.69
2017-12-31 59.08 8.59 20.71
2017-09-30 58.51 8.22 20.94
2017-06-30 57.94 7.85 21.16
2017-03-31 54.11 7.53 21.25
2016-12-31 50.29 7.20 21.34
2016-09-30 50.76 7.66 21.10
2016-06-30 51.22 8.12 20.85
2016-03-31 50.78 7.80 20.71
2015-12-31 50.34 7.47 20.57
2015-09-30 46.67 7.23 19.70
2015-06-30 43.01 6.98 18.83
2015-03-31 41.08 6.63 17.24
2014-12-31 39.15 6.28 15.65
2014-09-30 37.49 6.04 15.33
2014-06-30 35.83 5.80 15.01
2014-03-31 34.26 5.58 14.44
2013-12-31 32.68 5.37 13.88
2013-09-30 32.67 4.93 13.20
2013-06-30 32.66 4.50 12.53
2013-03-31 31.10 4.34 12.62
2012-12-31 29.54 4.19 12.72
2012-09-30 25.78 4.11 12.03
2012-06-30 27.06 4.03 11.34

*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.
  • MGI Digital Technology Société Anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MGI Digital Technology Société Anonyme used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
  • MGI Digital Technology Société Anonyme has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MGI Digital Technology Société Anonyme'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 Tech 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.
MGI Digital Technology Société Anonyme has a total score of 5/6, 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.

2EI Health

 How is MGI Digital Technology Société Anonyme'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 MGI Digital Technology Société Anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MGI Digital Technology Société Anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MGI Digital Technology Société Anonyme's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MGI Digital Technology Société Anonyme'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.3x 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 MGI Digital Technology Société Anonyme Company Filings, last reported 3 months ago.

DB:2EI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 88.86 13.03 26.79
2018-09-30 88.86 13.03 26.79
2018-06-30 83.18 13.63 20.28
2018-03-31 83.18 13.63 20.28
2017-12-31 77.18 14.71 19.08
2017-09-30 77.18 14.71 19.08
2017-06-30 74.02 11.37 16.55
2017-03-31 74.02 11.37 16.55
2016-12-31 69.83 13.67 16.61
2016-09-30 69.83 13.67 16.61
2016-06-30 66.38 13.13 13.12
2016-03-31 66.38 13.13 13.12
2015-12-31 62.23 11.74 13.73
2015-09-30 62.23 11.74 13.73
2015-06-30 58.40 9.25 14.43
2015-03-31 58.40 9.25 14.43
2014-12-31 53.91 6.05 18.41
2014-09-30 53.91 6.05 18.41
2014-06-30 50.35 2.83 17.87
2014-03-31 50.35 2.83 17.87
2013-12-31 34.28 4.99 6.75
2013-09-30 34.28 4.99 6.75
2013-06-30 31.99 2.21 5.38
2013-03-31 31.99 2.21 5.38
2012-12-31 29.46 0.85 4.81
2012-09-30 29.46 0.85 4.81
2012-06-30 27.75 1.62 5.90
  • MGI Digital Technology Société Anonyme's level of debt (14.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.4% vs 14.7% today).
  • Debt is well covered by operating cash flow (112.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 51.5x coverage).
X
Financial health checks
We assess MGI Digital Technology Société Anonyme'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. MGI Digital Technology Société Anonyme has a total score of 5/6, 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.

2EI Dividends

 What is MGI Digital Technology Société Anonyme'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
0%
Current annual income from MGI Digital Technology Société Anonyme dividends. Estimated to be 0% next year.
If you bought €2,000 of MGI Digital Technology Société Anonyme shares you are expected to receive €0 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?
  • Unable to evaluate MGI Digital Technology Société Anonyme's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MGI Digital Technology Société Anonyme's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:2EI 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 1 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:2EI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as MGI Digital Technology Société Anonyme has not reported any payouts.
  • Unable to verify if MGI Digital Technology Société Anonyme's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MGI Digital Technology Société Anonyme's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MGI Digital Technology Société Anonyme has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of MGI Digital Technology Société Anonyme's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess MGI Digital Technology Société Anonyme'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 MGI Digital Technology Société Anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MGI Digital Technology Société Anonyme has a total score of 0/6, see the detailed checks below.


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

2EI Management

 What is the CEO of MGI Digital Technology Société Anonyme'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
Edmond Abergel
CEO Bio

Mr. Edmond Abergel serves as the Chairman, Chief Executive Officer and President at M.G.I. France Société Anonyme.

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

Edmond Abergel

TITLE
Chairman

Victor Abergel

TITLE
Deputy Managing Director and Director
Board of Directors

Edmond Abergel

TITLE
Chairman

Victor Abergel

TITLE
Deputy Managing Director and Director

Michael Aberge

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess MGI Digital Technology Société Anonyme'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. MGI Digital Technology Société Anonyme 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.

2EI News

Simply Wall St News

2EI Company Info

Description

MGI Digital Technology Société Anonyme designs, manufactures, and sells digital printing and finishing equipment for the graphic industry in France and internationally. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot uv coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions. Its products include JETvarnish 3D Evolution, a spot UV coating solution; JETvarnish 3D Web, a roll-to-roll finishing solution; JETvarnish 3D, a solution for 3D or traditional flat spot UV coating; JETVARNISH 3DS, a digital solution; Meteor Unlimited Colors Se+, a range of new digital print production systems; and Meteor Unlimited Colors XL+, a range of new digital print production systems. The company’s products also comprise Meteor DP8700 Se+, a digital printing solution; Meteor DP8700 XL+, a digital press equipment; Meteor DP8700 XL+ DF Pro, a digital printing and inline finishing solution; and JETcard 3D that provides card manufacturers with a printing/encoding/finishing solution. In addition, its products consists of DF Pro Solo, a finishing solution; PressCard Pro, an industrial production unit dedicated to the short run lamination of plastic substrates; PunchCard Pro, a semi-automatic card punching unit; and EnvelopExpress Pro, an envelope feeder for the Meteor DP8700 XL/XL+. The company serves industries, including commercial printers, plastic card manufacturers, government agencies, packaging firms, in-plant printers, newspaper printers, photo printers/labs and book printers. MGI Digital Technology Société Anonyme was founded in 1982 and is headquartered in Fresnes, France.

Details
Name: MGI Digital Technology Société Anonyme
2EI
Exchange: DB
Founded: 1982
€275,195,112
6,170,294
Website: http://www.mgi-fr.com
Address: MGI Digital Technology Société Anonyme
4, rue de la Méridienne,
Fresnes,
Ile-de-France, 94260,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ALMDG Ordinary Shares Euronext Paris FR EUR 18. Jul 2006
OTCPK FRII.F Ordinary Shares Pink Sheets LLC US USD 18. Jul 2006
DB 2EI Ordinary Shares Deutsche Boerse AG DE EUR 18. Jul 2006
LSE 0D00 Ordinary Shares London Stock Exchange GB EUR 18. Jul 2006
Number of employees
Current staff
Staff numbers
214
MGI Digital Technology Société Anonyme employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 23:38
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/09
Last earnings filing: 2019/04/09
Last earnings reported: 2018/12/31
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.