DB:MBQ

Stock Analysis Report

Executive Summary

Mobotix AG manufactures and supplies digital high-resolution and network-based digital video security systems worldwide.


Snowflake Analysis

Proven track record with reasonable growth potential.


Similar Companies

Share Price & News

How has Mobotix's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MBQ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MBQ

-6.6%

DE Electronic

-5.7%

DE Market


1 Year Return

-21.2%

MBQ

-0.6%

DE Electronic

6.1%

DE Market

Return vs Industry: MBQ underperformed the German Electronic industry which returned -0.6% over the past year.

Return vs Market: MBQ underperformed the German Market which returned 6.1% over the past year.


Shareholder returns

MBQIndustryMarket
7 Day0%-6.6%-5.7%
30 Day-10.2%1.2%-5.7%
90 Day-16.6%-0.2%-3.6%
1 Year-20.8%-21.2%1.5%-0.6%9.3%6.1%
3 Year-50.9%-51.5%36.1%31.6%8.9%-0.7%
5 Year-46.1%-48.6%103.1%88.5%13.6%-2.0%

Price Volatility Vs. Market

How volatile is Mobotix's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

25.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MBQ (€7.05) is trading below our estimate of fair value (€9.43)

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


Price To Earnings Ratio

PE vs Industry: MBQ is poor value based on its PE Ratio (105.6x) compared to the Electronic industry average (26x).

PE vs Market: MBQ is poor value based on its PE Ratio (105.6x) compared to the German market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: MBQ is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: MBQ is overvalued based on its PB Ratio (3.5x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Mobotix forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

50.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MBQ's forecast earnings growth (50.4% per year) is above the savings rate (-0.4%).

Earnings vs Market: MBQ's earnings (50.4% per year) are forecast to grow faster than the German market (13% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MBQ's revenue (7.3% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: MBQ's revenue (7.3% 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 (16.9%).


Next Steps

Past Performance

How has Mobotix performed over the past 5 years?

-20.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBQ has high quality earnings.

Growing Profit Margin: MBQ's current net profit margins (1.3%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: MBQ's earnings have declined by -20.3% per year over the past 5 years.

Accelerating Growth: MBQ's earnings growth over the past year (111%) exceeds its 5-year average (-20.3% per year).

Earnings vs Industry: MBQ earnings growth over the past year (111%) exceeded the Electronic industry -3.9%.


Return on Equity

High ROE: MBQ's Return on Equity (3.3%) is considered low.


Next Steps

Financial Health

How is Mobotix's financial position?


Financial Position Analysis

Short Term Liabilities: MBQ's short term assets (€35.5M) exceed its short term liabilities (€12.2M).

Long Term Liabilities: MBQ's short term assets (€35.5M) exceed its long term liabilities (€15.0M).


Debt to Equity History and Analysis

Debt Level: MBQ's debt to equity ratio (64.7%) is considered high.

Reducing Debt: MBQ's debt to equity ratio has increased from 19.8% to 64.7% over the past 5 years.

Debt Coverage: MBQ's debt is not well covered by operating cash flow (7.9%).

Interest Coverage: MBQ's interest payments on its debt are well covered by EBIT (11.5x coverage).


Balance Sheet

Inventory Level: MBQ has a high level of physical assets or inventory.

Debt Coverage by Assets: MBQ's debt is covered by short term assets (assets are 2.1x debt).


Next Steps

Dividend

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

0.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MBQ's dividend (0.56%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.43%).

High Dividend: MBQ's dividend (0.56%) is low compared to the top 25% of dividend payers in the German market (3.8%).


Stability and Growth of Payments

Stable Dividend: MBQ is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: MBQ is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MBQ is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MBQ's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Thomas Lausten 0

2.7yrs

Tenure

Mr. Thomas Lausten has been Chief Executive Officer and Member of Management Board at Mobotix AG since June 15, 2017. Mr. Lausten served as Vice President of EMEA at Milestone Systems A/S until March 2018. ...


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Lausten
CEO & Member of Management Board2.7yrsno datano data
Klaus Kiener
CFO & Member of Management Board3.8yrsno datano data
Oliver Gabel
CTO & Member of the Management Board9.1yrsno datano data
Tristan Haage
Chief Sales Officer & Member of Management Board4.8yrsno datano data

4.3yrs

Average Tenure

Experienced Management: MBQ's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sabine Hinkel
Member of Supervisory Board8.3yrs€4.30kno data
Yuji Ichimura
Chairman of Supervisory Board3.7yrsno datano data
Kunihiro Koshizuka
Member of Supervisory Board3.7yrsno datano data

3.7yrs

Average Tenure

Experienced Board: MBQ's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mobotix AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mobotix AG
  • Ticker: MBQ
  • Exchange: DB
  • Founded: 1999
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €93.385m
  • Shares outstanding: 13.15m
  • Website: https://www.mobotix.com

Number of Employees


Location

  • Mobotix AG
  • Kaiserstrasse
  • Langmeil
  • Winnweiler
  • Rhineland-Palatinate
  • 67722
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBQDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2007
MBQXTRA (XETRA Trading Platform)YesCommon StockDEEUROct 2007
MBQDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEUROct 2007

Biography

Mobotix AG manufactures and supplies digital high-resolution and network-based digital video security systems worldwide. The company offers all round dual, dual dome, dual flex, vandalism, hemispheric, dome, and flex outdoor cameras, as well as IP video door stations; and indoor 360 degrees, 180 degrees, dome, and PT cameras. It also provides thermographic cameras; and system components, including environmental sensors, infrared illuminators, alarm systems, room thermostats, control relays, and electric drives for blinds and barriers. In addition, the company offers MxManagementCenter, a video management solution; MxAnalytics for camera-integrated video analysis; MxApp for mobile video management; MxBell app, a mobile remote door station; and camera and device firmware for cameras, MxDisplay+, and MxBus modules, as well as developer tools and software development kits, and access control products. Further, it provides developer tools and software development kits; and training services. The company offers solutions for industry, retail, education and science, health, transport and mobility, local authorities and public offices, logistics and shipping, hotels and food catering, and culture and tourism markets through distributors and sales partners. Mobotix AG was founded in 1999 and is headquartered in Winnweiler, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 21:43
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.