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MNV6

Mainova DB:MNV6 Stock Report

Last Price

€545.00

Market Cap

€3.0b

7D

-0.9%

1Y

-3.5%

Updated

25 Jun, 2022

Data

Company Financials
MNV6 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends4/6

MNV6 Stock Overview

Mainova AG operates as an energy service provider in Germany.

Mainova Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Mainova
Historical stock prices
Current Share Price€545.00
52 Week High€625.00
52 Week Low€545.00
Beta0.029
1 Month Change-7.63%
3 Month Change-5.22%
1 Year Change-3.54%
3 Year Change42.67%
5 Year Change52.45%
Change since IPO552.18%

Recent News & Updates

Jun 20
Here's What To Make Of Mainova's (FRA:MNV6) Decelerating Rates Of Return

Here's What To Make Of Mainova's (FRA:MNV6) Decelerating Rates Of Return

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

May 10
These 4 Measures Indicate That Mainova (FRA:MNV6) Is Using Debt Reasonably Well

These 4 Measures Indicate That Mainova (FRA:MNV6) Is Using Debt Reasonably Well

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Apr 20
Does Mainova (FRA:MNV6) Deserve A Spot On Your Watchlist?

Does Mainova (FRA:MNV6) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Mar 01
There's Been No Shortage Of Growth Recently For Mainova's (FRA:MNV6) Returns On Capital

There's Been No Shortage Of Growth Recently For Mainova's (FRA:MNV6) Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...

Nov 25
Mainova (FRA:MNV6) Is Looking To Continue Growing Its Returns On Capital

Mainova (FRA:MNV6) Is Looking To Continue Growing Its Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Shareholder Returns

MNV6DE Integrated UtilitiesDE Market
7D-0.9%0.5%-0.1%
1Y-3.5%-0.2%-22.0%

Return vs Industry: MNV6 underperformed the German Integrated Utilities industry which returned -0.2% over the past year.

Return vs Market: MNV6 exceeded the German Market which returned -22% over the past year.

Price Volatility

Is MNV6's price volatile compared to industry and market?
MNV6 volatility
MNV6 Average Weekly Movement8.1%
Integrated Utilities Industry Average Movement4.0%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: MNV6 is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MNV6's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
19982,957Constantin Alsheimerhttps://www.mainova.de

Mainova AG operates as an energy service provider in Germany. It operates through Electricity Supply; Gas Supply; Generation and District Heating; Renewable Energy/Energy Services; Water Supply; Investments; and Other Activities segments. The company generates and supplies electricity and heat using thermal, wind, solar, and biomass power plants.

Mainova Fundamentals Summary

How do Mainova's earnings and revenue compare to its market cap?
MNV6 fundamental statistics
Market Cap€3.03b
Earnings (TTM)€363.68m
Revenue (TTM)€3.76b

8.3x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNV6 income statement (TTM)
Revenue€3.76b
Cost of Revenue€3.47b
Gross Profit€294.66m
Other Expenses-€69.02m
Earnings€363.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)65.41
Gross Margin7.83%
Net Profit Margin9.66%
Debt/Equity Ratio30.9%

How did MNV6 perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

12%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MNV6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MNV6?

Other financial metrics that can be useful for relative valuation.

MNV6 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MNV6's PE Ratio compare to its peers?

MNV6 PE Ratio vs Peers
The above table shows the PE ratio for MNV6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.8x

Price-To-Earnings vs Peers: MNV6 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (35.8x).


Price to Earnings Ratio vs Industry

How does MNV6's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

Price-To-Earnings vs Industry: MNV6 is good value based on its Price-To-Earnings Ratio (8.3x) compared to the European Integrated Utilities industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is MNV6's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNV6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MNV6's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MNV6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MNV6 (€545) is trading above our estimate of fair value (€319.58)

Significantly Below Fair Value: MNV6 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MNV6's PEG Ratio to determine if it is good value.


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Future Growth

How is Mainova forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.2%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mainova has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Check out Mainova's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • Mainova competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mainova performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MNV6 has high quality earnings.

Growing Profit Margin: MNV6's current net profit margins (9.7%) are higher than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: MNV6's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: MNV6's earnings growth over the past year (118.4%) exceeds its 5-year average (27.7% per year).

Earnings vs Industry: MNV6 earnings growth over the past year (118.4%) exceeded the Integrated Utilities industry 9%.


Return on Equity

High ROE: MNV6's Return on Equity (22.6%) is considered high.


Discover strong past performing companies

Financial Health

How is Mainova's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MNV6's short term assets (€1.0B) do not cover its short term liabilities (€1.1B).

Long Term Liabilities: MNV6's short term assets (€1.0B) do not cover its long term liabilities (€3.6B).


Debt to Equity History and Analysis

Debt Level: MNV6's net debt to equity ratio (30.1%) is considered satisfactory.

Reducing Debt: MNV6's debt to equity ratio has reduced from 56.6% to 30.9% over the past 5 years.

Debt Coverage: MNV6's debt is well covered by operating cash flow (38.3%).

Interest Coverage: MNV6's interest payments on its debt are well covered by EBIT (39.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MNV6's dividend (1.99%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: MNV6's dividend (1.99%) is low compared to the top 25% of dividend payers in the German market (4.53%).


Stability and Growth of Payments

Stable Dividend: MNV6's dividends per share have been stable in the past 10 years.

Growing Dividend: MNV6's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12.5%), MNV6's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (182.7%), MNV6's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.8yrs

Average management tenure


CEO

Constantin Alsheimer

16.42yrs

Tenure

€991,343

Compensation

Dr. Constantin H. Alsheimer serves as the Chief Executive Officer at Mainova AG and has been its Chairman of The Management Board since January 2009 and Member of Management Board since January 1, 2006. Dr...


CEO Compensation Analysis

Compensation vs Market: Constantin's total compensation ($USD1.05M) is below average for companies of similar size in the German market ($USD2.46M).

Compensation vs Earnings: Constantin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MNV6's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MNV6's board of directors are considered experienced (3.1 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

Mainova AG's employee growth, exchange listings and data sources


Key Information

  • Name: Mainova AG
  • Ticker: MNV6
  • Exchange: DB
  • Founded: 1998
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Implied Market Cap: €3.030b
  • Shares outstanding: 5.56m
  • Website: https://www.mainova.de

Number of Employees


Location

  • Mainova AG
  • Solmsstrasse 38
  • Frankfurt am Main
  • Hessen
  • 60486
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.