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Mobotix

DB:MBQ
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MBQ
DB
€116M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Mobotix AG manufactures and supplies digital high-resolution and network-based digital video security systems worldwide. The last earnings update was 115 days ago. More info.


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MBQ Share Price and Events
7 Day Returns
0%
DB:MBQ
3.4%
DE Electronic
2.5%
DE Market
1 Year Returns
-7.9%
DB:MBQ
-1.9%
DE Electronic
-6.7%
DE Market
MBQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mobotix (MBQ) 0% 1.1% - -7.9% -42.1% -36%
DE Electronic 3.4% 4.8% 23% -1.9% 95% 89.5%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • MBQ underperformed the Electronic industry which returned -1.9% over the past year.
  • MBQ underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
MBQ
Industry
5yr Volatility vs Market

Value

 Is Mobotix 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 Mobotix 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 Mobotix.

DB:MBQ 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 6.9%
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:MBQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 30%) (14.69%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.118 * 5.96%)
6.89%

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

The calculations below outline how an intrinsic value for Mobotix 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:MBQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.89%)
2019 1.30 Analyst x1 1.22
2020 2.30 Analyst x1 2.01
2021 4.40 Analyst x1 3.60
2022 6.10 Analyst x1 4.67
2023 6.50 Analyst x1 4.66
2024 6.79 Est @ 4.52% 4.55
2025 7.01 Est @ 3.23% 4.40
2026 7.18 Est @ 2.33% 4.21
2027 7.30 Est @ 1.7% 4.01
2028 7.39 Est @ 1.26% 3.79
Present value of next 10 years cash flows €37.12
DB:MBQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €7.39 × (1 + 0.23%) ÷ (6.89% – 0.23%)
€111.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €111.12 ÷ (1 + 6.89%)10
€57.05
DB:MBQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €37.12 + €57.05
€94.18
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €94.18 / 13.14
€7.17
DB:MBQ Discount to Share Price
Calculation Result
Value per share (EUR) From above. €7.17
Current discount Discount to share price of €8.80
= -1 x (€8.80 - €7.17) / €7.17
-22.8%

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

  • The current share price of Mobotix is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Mobotix's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mobotix's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MBQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €0.03
DB:MBQ Share Price ** DB (2019-04-18) in EUR €8.8
Germany Electronic Industry PE Ratio Median Figure of 14 Publicly-Listed Electronic Companies 21.3x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Mobotix.

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

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

= 8.8 ÷ 0.03

276.04x

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

  • Mobotix is overvalued based on earnings compared to the DE Electronic industry average.
  • Mobotix is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Mobotix's expected growth come at a high price?
Raw Data
DB:MBQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 276.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
94.7%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 276.04x ÷ 94.7%

2.92x

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

  • Mobotix is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mobotix's assets?
Raw Data
DB:MBQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €1.99
DB:MBQ Share Price * DB (2019-04-18) in EUR €8.8
Germany Electronic Industry PB Ratio Median Figure of 20 Publicly-Listed Electronic Companies 2.49x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:MBQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.8 ÷ 1.99

4.43x

* Primary Listing of Mobotix.

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

  • Mobotix is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Mobotix'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Mobotix 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 Mobotix 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
94.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mobotix expected to grow at an attractive rate?
  • Mobotix's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mobotix's earnings growth is expected to exceed the Germany market average.
  • Mobotix's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MBQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MBQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 94.7%
DB:MBQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.9%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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:MBQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:MBQ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 95 1
2022-09-30 88 1
2021-09-30 80 1
2020-09-30 73 3 2
2019-09-30 67 1 2
DB:MBQ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 67 -1 0
2018-06-30 66 -2
2018-03-31 65 -5
2017-12-31 65 -5
2017-09-30 65 0 -6
2017-06-30 67 -5
2017-03-31 69 -3
2016-12-31 74 -2
2016-09-30 80 4 -2
2016-06-30 81 -1
2016-03-31 82 0
2015-12-31 81 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mobotix's earnings are expected to grow significantly at over 20% yearly.
  • Mobotix's revenue is expected to grow by 7.9% 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:MBQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Mobotix Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MBQ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30 0.21 0.27 0.14 2.00
2019-09-30 0.06 0.07 0.06 2.00
DB:MBQ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 0.03
2018-06-30 -0.16
2018-03-31
2017-12-31
2017-09-30 -0.48
2017-06-30 -0.36
2017-03-31
2016-12-31
2016-09-30 -0.13
2016-06-30 -0.06
2016-03-31
2015-12-31

*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.
  • Mobotix is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mobotix'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.
Mobotix 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.

Past Performance

  How has Mobotix 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 Mobotix's growth in the last year to its industry (Electronic).
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.
  • Mobotix's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mobotix has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Mobotix has become profitable in the last year making it difficult to compare the DE Electronic industry average.
Earnings and Revenue History
Mobotix'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 Mobotix Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MBQ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 66.54 0.42 22.37
2018-06-30 65.99 -2.12 22.76
2018-03-31 65.43 -4.65 23.14
2017-12-31 65.46 -5.47 23.83
2017-09-30 65.49 -6.30 24.53
2017-06-30 67.31 -4.74 24.63
2017-03-31 69.13 -3.18 24.74
2016-12-31 74.36 -2.42 25.13
2016-09-30 79.58 -1.66 25.53
2016-06-30 80.60 -0.74 25.28
2016-03-31 81.62 0.19 25.03
2015-12-31 80.88 2.15 24.83
2015-09-30 80.14 4.11 24.62
2015-06-30 78.18 3.23 24.45
2015-03-31 76.21 2.34 24.28
2014-12-31 77.35 1.72 24.17
2014-09-30 78.49 1.10 24.05
2014-06-30 82.79 5.54 24.09
2014-03-31 87.63 9.23 24.68
2013-12-31 87.66 11.07 24.84
2013-09-30 86.41 12.44 24.57
2013-06-30 86.52 12.98 31.43
2013-03-31 83.67 12.00 30.93
2012-12-31 82.03 12.45 29.77
2012-09-30 82.74 13.69 29.27
2012-06-30 75.91 10.83 22.27

*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.
  • Mobotix has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mobotix used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Mobotix's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mobotix'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 Electronic 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.
Mobotix has a total score of 0/6, 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 Mobotix'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 Mobotix's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mobotix is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mobotix's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mobotix'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 1.9x 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 Mobotix Company Filings, last reported 6 months ago.

DB:MBQ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 26.14 16.99 2.75
2018-06-30 26.14 16.99 2.75
2018-03-31 25.49 20.74 5.30
2017-12-31 25.49 20.74 5.30
2017-09-30 26.26 18.41 7.49
2017-06-30 26.26 18.41 7.49
2017-03-31 29.53 16.42 2.70
2016-12-31 29.53 16.42 2.70
2016-09-30 32.13 12.49 3.08
2016-06-30 32.13 12.49 3.08
2016-03-31 32.96 0.00 1.80
2015-12-31 32.96 0.00 1.80
2015-09-30 40.35 6.81 1.60
2015-06-30 40.35 6.81 1.60
2015-03-31 39.21 10.88 5.30
2014-12-31 39.21 10.88 5.30
2014-09-30 40.40 7.97 7.61
2014-06-30 40.40 7.97 7.61
2014-03-31 41.24 0.00
2013-12-31 41.24 0.00
2013-09-30 49.26 9.14 7.77
2013-06-30 46.84 8.90 7.04
2013-03-31 43.49 9.13 6.69
2012-12-31 40.76 9.41 7.89
2012-09-30 45.07 9.63 11.65
2012-06-30 40.91 9.90 7.01
  • Mobotix's level of debt (65%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.4% vs 65% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Mobotix'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. Mobotix has a total score of 3/6, 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 Mobotix'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
0.45%
Current annual income from Mobotix dividends. Estimated to be 0.8% next year.
If you bought €2,000 of Mobotix shares you are expected to receive €9 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?
  • Mobotix's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Mobotix's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
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:MBQ 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:MBQ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30 0.09 2.00
2019-09-30 0.05 2.00
DB:MBQ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-01-28 0.040 0.450
2018-04-04 0.040 0.410
2017-06-02 0.000 0.000
2016-11-30 0.000 0.000
2015-10-30 0.500 3.401
2014-11-24 0.300 2.495
2013-11-12 0.750 6.520
2013-10-15 0.750 4.654
2012-11-08 0.500 3.010
2011-10-26 0.500 2.562
2011-08-22 0.500 2.385
2010-09-15 0.333 2.015
2009-08-31 0.333 3.549
2009-04-20 0.167 2.239

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

  • Mobotix is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Mobotix is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Mobotix's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Mobotix's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Mobotix's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Mobotix's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Mobotix afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mobotix 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.

Management

 What is the CEO of Mobotix'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
Thomas Lausten
TENURE AS CEO 1.8 years
CEO Bio

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. Mr. Lausten serves as new member of the Extended Leadership Team (ELT) in Milestone Systems. He served as Vice President of Sales for EMEA at Milestone Systems A/S since December 2013. He was responsible as Global Sales Director at Siemens, as well as the Managing Director of the Nordic region in ADI Global Distribution. He has solid expertise from the security industry in Europe, as well as broad cultural insight into the differences across the region. Throughout his career he has consistently performed, growing with his positions and responsibilities at Siemens Building Technology - Security Products, ADI Global Distribution, Bewator and Antech.

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

Average tenure of the Mobotix management team in years:

3.5
Average Tenure
  • The tenure for the Mobotix management team is about average.
Management Team

Thomas Lausten

TITLE
CEO & Member of Management Board
TENURE
1.8 yrs

Klaus Kiener

TITLE
CFO & Member of Management Board
TENURE
3 yrs

Oliver Gabel

TITLE
CTO & Member of the Management Board
TENURE
8.3 yrs

Tristan Haage

TITLE
Chief Sales Officer & Member of Management Board
TENURE
4 yrs
Board of Directors Tenure

Average tenure of the Mobotix board of directors in years:

2.8
Average Tenure
  • The average tenure for the Mobotix board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yuji Ichimura

TITLE
Chairman of Supervisory Board
AGE
58
TENURE
2.8 yrs

Sabine Hinkel

TITLE
Member of Supervisory Board
COMPENSATION
€4K
AGE
52
TENURE
7.5 yrs

Kunihiro Koshizuka

TITLE
Member of Supervisory Board
TENURE
2.8 yrs
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 Mobotix'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. Mobotix 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

Does This Valuation Of Mobotix AG (FRA:MBQ) Imply Investors Are Overpaying?

I will use the Discounted Cash Flow (DCF) model. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Should Mobotix AG’s (FRA:MBQ) Weak Investment Returns Worry You?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Investors Should Know About Mobotix AG's (FRA:MBQ) Financial Strength

Mobotix AG (FRA:MBQ) is a small-cap stock with a market capitalization of €122m. … 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. … Assessing first and foremost the financial health is

Simply Wall St -

Is It The Right Time To Buy Mobotix AG (FRA:MBQ)?

received a lot of attention from a substantial price movement on the DB over the last few months, increasing to €10.2 at one point, and dropping to the lows of €9.05. … A question to answer is whether Mobotix's current trading price of €9.8 reflective of the actual value of the? … Let’s take a look at Mobotix’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

How Much Cash Is Left In The Bank For Mobotix AG (FRA:MBQ)?

Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … The measure of how fast Mobotix goes through its cash reserves over time is called the cash burn rate. … However, even with declining costs, the current level of cash is not enough to sustain Mobotix’s operations and the company may need to come to market to raise more capital within the year.

Simply Wall St -

Mobotix AG (FRA:MBQ): How Much Growth Is Left In Tech?

Tech analysts are forecasting for the entire hardware tech industry, a strong double-digit growth of 18.26% in the upcoming year , and a whopping growth of 47.76% over the next couple of years. … This rate is larger than the growth rate of the DE stock market as a whole. … If Mobotix has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the tech industry.

Simply Wall St -

Should You Buy Mobotix AG (FRA:MBQ)?

Alarm bells rang in my head when I saw MBQ's high level of debt at 0.7x equity, and its high cash expenses leading to negative cash profit from operations. … Or the very least, reduce debt to a more prudent level if cash generated from operating activities is insufficient to cushion for potential future headwinds. … MBQ has high near term liquidity, with short term assets (cash and other liquid assets) amply covering upcoming one-year liabilities, as well as long-term commitments.

Simply Wall St -

What Kind Of Risk Should You Expect For Mobotix AG (FRA:MBQ)?

MBQ's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … It seems as though there is an inconsistency in risks portrayed by MBQ’s size and industry relative to its actual beta value. … However, this is the opposite to what MBQ’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Who Owns Most Of Mobotix AG (FRA:MBQ)?

Apart from low institutional ownership, another indicator of MBQ's low popularity is the fact that the company is only covered by 1 analyst. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Thus, investors should dig deeper into MBQ's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in MBQ need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

At €10, Is Mobotix AG (FRA:MBQ) A Buy?

The stock’s ratio of 4.09x is currently trading slightly above its industry peers’ ratio of 2.1x, which means if you buy Mobotix today, you’d be paying a relatively fair price for it. … And if you believe that Mobotix should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value. … MBQ’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Company Info

Description

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.

Details
Name: Mobotix AG
MBQ
Exchange: DB
Founded: 1999
€115,661,110
13,143,308
Website: http://www.mobotix.com
Address: Mobotix AG
Kaiserstrasse,
Langmeil,
Winnweiler,
Rhineland-Palatinate, 67722,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB MBQ Common Stock Deutsche Boerse AG DE EUR 10. Oct 2007
XTRA MBQ Common Stock XETRA Trading Platform DE EUR 10. Oct 2007
BATS-CHIXE MBQD Common Stock BATS 'Chi-X Europe' GB EUR 10. Oct 2007
Number of employees
Current staff
Staff numbers
341
Mobotix employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:17
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2018/12/24
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


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.