CPSE:MIGA B

Stock Analysis Report

Svejsemaskinefabrikken Migatronic

Executive Summary

Svejsemaskinefabrikken Migatronic A/S develops, produces, and markets welding machines, solutions, and technologies in Denmark.


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

12.5%

MIGA B

1.8%

DK Machinery

5.6%

DK Market


1 Year Return

-2.9%

MIGA B

-55.9%

DK Machinery

4.1%

DK Market

Return vs Industry: MIGA B exceeded the Danish Machinery industry which returned -55.4% over the past year.

Return vs Market: MIGA B underperformed the Danish Market which returned 3.1% over the past year.


Shareholder returns

MIGA BIndustryMarket
7 Day12.5%1.8%5.6%
30 Day-1.5%-31.7%-9.6%
90 Day2.3%-42.3%-6.2%
1 Year-0.9%-2.9%-55.9%-55.9%6.3%4.1%
3 Year-1.0%-6.9%-57.6%-59.7%35.6%24.2%
5 Year18.4%7.1%-45.8%-50.2%26.9%10.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MIGA B (DKK270) is trading above our estimate of fair value (DKK95.73)

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


Price To Earnings Ratio

PE vs Industry: MIGA B is good value based on its PE Ratio (11.7x) compared to the Machinery industry average (12.7x).

PE vs Market: MIGA B is good value based on its PE Ratio (11.7x) compared to the Danish market (12.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MIGA B is good value based on its PB Ratio (0.8x) compared to the DK Machinery industry average (1.2x).


Next Steps

Future Growth

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

11.1%

Forecasted Capital Goods 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 Svejsemaskinefabrikken Migatronic 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.


Next Steps

Past Performance

How has Svejsemaskinefabrikken Migatronic performed over the past 5 years?

20.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIGA B has high quality earnings.

Growing Profit Margin: MIGA B's current net profit margins (3%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: MIGA B's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: MIGA B's earnings growth over the past year (6.1%) is below its 5-year average (20.5% per year).

Earnings vs Industry: MIGA B earnings growth over the past year (6.1%) exceeded the Machinery industry -4.7%.


Return on Equity

High ROE: MIGA B's Return on Equity (7%) is considered low.


Next Steps

Financial Health

How is Svejsemaskinefabrikken Migatronic's financial position?


Financial Position Analysis

Short Term Liabilities: MIGA B's short term assets (DKK150.4M) exceed its short term liabilities (DKK66.8M).

Long Term Liabilities: MIGA B's short term assets (DKK150.4M) exceed its long term liabilities (DKK47.4M).


Debt to Equity History and Analysis

Debt Level: MIGA B's debt to equity ratio (19.6%) is considered satisfactory.

Reducing Debt: MIGA B's debt to equity ratio has increased from 13.8% to 19.6% over the past 5 years.

Debt Coverage: MIGA B's debt is well covered by operating cash flow (60.9%).

Interest Coverage: MIGA B's interest payments on its debt are well covered by EBIT (25.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: MIGA B's debt is covered by short term assets (assets are 5.3x debt).


Next Steps

Dividend

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

2.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIGA B's dividend (2.22%) is higher than the bottom 25% of dividend payers in the Danish market (1.68%).

High Dividend: MIGA B's dividend (2.22%) is low compared to the top 25% of dividend payers in the Danish market (5.21%).


Stability and Growth of Payments

Stable Dividend: MIGA B has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MIGA B has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.9%), MIGA B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.3yrs

Average board tenure


CEO

Niels Jakobsen (61yo)

no data

Tenure

Mr. Niels Jørn Jakobsen serves as the Chief Executive Officer of Svejsemaskinefabrikken Migatronic A/S and has been its Member of the Management Board since May 1, 2010. Mr. Jakobsen joined Migatronic in 2 ...


Board Members

NamePositionTenureCompensationOwnership
Peter Roed
Chairman of Supervisory Boardno datano datano data
Anders Høiris
Vice Chairman of Supervisory Boardno datano datano data
Vibeke Andersen
Member of Supervisory Board11.25yrsno data0.011% DKK13.5k
Jens Johansen
Member of Supervisory Board5.25yrsno datano data
Jørn Roed
Member of Supervisory Board5.25yrsno datano data
Lene Holst
Member of Supervisory Board0.67yrno datano data

5.3yrs

Average Tenure

53yo

Average Age

Experienced Board: MIGA B's board of directors are considered experienced (5.3 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

Svejsemaskinefabrikken Migatronic A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Svejsemaskinefabrikken Migatronic A/S
  • Ticker: MIGA B
  • Exchange: CPSE
  • Founded: 1970
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ø118.253m
  • Shares outstanding: 437.97k
  • Website: https://www.migatronic.com

Location

  • Svejsemaskinefabrikken Migatronic A/S
  • Aggersundvej 33
  • Fjerritslev
  • 9690
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIGA BCPSE (OMX Nordic Exchange Copenhagen)YesSeries B Shares DKK 20DKDKKJan 1992
0MCRLSE (London Stock Exchange)YesSeries B Shares DKK 20GBDKKJan 1992
MIGABCBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B Shares DKK 20GBDKKJan 1992

Biography

Svejsemaskinefabrikken Migatronic A/S develops, produces, and markets welding machines, solutions, and technologies in Denmark. It offers welding machines and automated welding solutions; welding equipment, such as torches, accessories, and consumables; and refurbished machines, as well as support services. The company also exports its products to approximately 40 countries. Svejsemaskinefabrikken Migatronic A/S was founded in 1970 and is headquartered in Fjerritslev, Denmark. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 21:48
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.