Svejsemaskinefabrikken Migatronic A/S develops, produces, and markets welding machines, solutions, and technologies in Denmark.
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.
7 Day Return
1 Year Return
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.
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
2 weeks ago | Simply Wall StWant To Invest In Svejsemaskinefabrikken Migatronic A/S (CPH:MIGA B)? Here's How It Performed Lately
1 month ago | Simply Wall StIs Svejsemaskinefabrikken Migatronic A/S’s (CPH:MIGA B) Return On Capital Employed Any Good?
1 month ago | Simply Wall StSvejsemaskinefabrikken Migatronic A/S (CPH:MIGA B) Has Got What It Takes To Be An Attractive Dividend Stock
Is Svejsemaskinefabrikken Migatronic undervalued compared to its fair value and its price relative to the market?
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).
How is Svejsemaskinefabrikken Migatronic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Svejsemaskinefabrikken Migatronic is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Svejsemaskinefabrikken Migatronic competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Svejsemaskinefabrikken Migatronic performed over the past 5 years?
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.
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).
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).
What is Svejsemaskinefabrikken Migatronic's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Niels Jakobsen (61yo)
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 ...
|Chairman of Supervisory Board||no data||no data||no data|
|Vice Chairman of Supervisory Board||no data||no data||no data|
|Member of Supervisory Board||11.25yrs||no data||0.011% DKK13.5k|
|Member of Supervisory Board||5.25yrs||no data||no data|
|Member of Supervisory Board||5.25yrs||no data||no data|
|Member of Supervisory Board||0.67yr||no data||no data|
Experienced Board: MIGA B's board of directors are considered experienced (5.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Svejsemaskinefabrikken Migatronic A/S's company bio, employee growth, exchange listings and data sources
- 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
- Svejsemaskinefabrikken Migatronic A/S
- Aggersundvej 33
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIGA B||CPSE (OMX Nordic Exchange Copenhagen)||Yes||Series B Shares DKK 20||DK||DKK||Jan 1992|
|0MCR||LSE (London Stock Exchange)||Yes||Series B Shares DKK 20||GB||DKK||Jan 1992|
|MIGABC||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Series B Shares DKK 20||GB||DKK||Jan 1992|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 21:48|
|End of Day Share Price||2020/04/03 00:00|
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.