Munic (ENXTPA:ALMUN) - Share price, News & Analysis

ALMUN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

ALMUN Stock Overview

MUNIC S.A. engages in the research and development, and manufacture of devices and artificial intelligence platform for car data acquisition, processing, and distribution.

Rewards

Revenue is forecast to grow 43.59% per year

Risk Analysis

Earnings are forecast to decline by an average of 36.1% per year for the next 3 years

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (€22M)

Munic Competitors

Samsung Electronics

KOSE:A005930

₩446.4t

General Electric

NYSE:GE

US$86.7b

ZTE

SZSE:000063

CN¥106.5b

Advantech

TWSE:2395

NT$282.0b

Price History & Performance

Summary of all time highs, changes and price drops for Munic
Historical stock prices
Current Share Price	€2.84
52 Week High	€4.56
52 Week Low	€2.10
Beta	2.74
1 Month Change	-3.73%
3 Month Change	-0.70%
1 Year Change	-27.92%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-64.32%

Shareholder Returns

	ALMUN	FR Communications	FR Market
7D	-0.4%	-0.2%	3.7%
1Y	-27.9%	-8.1%	-3.7%

Return vs Industry: ALMUN underperformed the French Communications industry which returned -7.2% over the past year.

Return vs Market: ALMUN underperformed the French Market which returned -5.9% over the past year.

Price Volatility

Is ALMUN's price volatile compared to industry and market?
ALMUN volatility
ALMUN Average Weekly Movement	6.5%
Communications Industry Average Movement	6.5%
Market Average Movement	5.9%
10% most volatile stocks in FR Market	10.0%
10% least volatile stocks in FR Market	3.4%

Stable Share Price: ALMUN is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ALMUN's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2002	58	Aaron Solomon	https://www.munic.io

MUNIC S.A. engages in the research and development, and manufacture of devices and artificial intelligence platform for car data acquisition, processing, and distribution. It offers OBD dongles devices; and Munic.io platform, a telematics application development and aggregation platform. The company also provides its solutions to insurance, fuel companies, leasing and rental, new mobility service, prognostic specialists, autonomous vehicles, dealership, electric vehicles, car sharing, and fleet tracking providers.

Munic Fundamentals Summary

How do Munic's earnings and revenue compare to its market cap?
ALMUN fundamental statistics
Market Cap	€22.35m
Earnings (TTM)	-€229.39k
Revenue (TTM)	€22.48m

1.0x

P/S Ratio

-97.4x

P/E Ratio

Is ALMUN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALMUN income statement (TTM)
Revenue	€22.48m
Cost of Revenue	€17.14m
Gross Profit	€5.34m
Other Expenses	€5.57m
Earnings	-€229.39k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.029
Gross Margin	23.74%
Net Profit Margin	-1.02%
Debt/Equity Ratio	63.5%

How did ALMUN perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

2.04x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ALMUN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ALMUN's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: ALMUN is unprofitable, so we can't compare its Price-To-Earnings Ratio to the French Communications industry average.

PE vs Market: ALMUN is unprofitable, so we can't compare its Price-To-Earnings Ratio to the French market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ALMUN is overvalued based on its Price-To-Book Ratio (2x) compared to the FR Communications industry average (1.8x).

Future Growth

How is Munic forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-36.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALMUN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ALMUN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ALMUN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ALMUN's revenue (43.6% per year) is forecast to grow faster than the French market (5.8% per year).

High Growth Revenue: ALMUN's revenue (43.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALMUN is forecast to be unprofitable in 3 years.

Past Performance

How has Munic performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-37.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALMUN is currently unprofitable.

Growing Profit Margin: ALMUN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ALMUN is unprofitable, and losses have increased over the past 5 years at a rate of 37.2% per year.

Accelerating Growth: Unable to compare ALMUN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ALMUN is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (75.4%).

Return on Equity

High ROE: ALMUN has a negative Return on Equity (-2.09%), as it is currently unprofitable.

Financial Health

How is Munic's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ALMUN's short term assets (€16.0M) exceed its short term liabilities (€10.1M).

Long Term Liabilities: ALMUN's short term assets (€16.0M) exceed its long term liabilities (€5.6M).

Debt to Equity History and Analysis

Debt Level: ALMUN's net debt to equity ratio (34.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ALMUN's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ALMUN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ALMUN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 61.1% each year

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALMUN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALMUN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALMUN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALMUN's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALMUN has not reported any payouts.

Discover strong dividend paying companies

Management

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

2.7yrs

Average board tenure

CEO

Aaron Solomon (59 yo)

no data

Tenure

€136,200

Compensation

Mr. Aaron Solomon has been Chairman of the Board of Munic S.A. since February 1, 2019 and serves as its Chief Executive Officer. Mr. Solomon has been a Director at MUNIC S.A since July 13, 2007.

CEO Compensation Analysis

Compensation vs Market: Aaron's total compensation ($USD145.92K) is below average for companies of similar size in the French market ($USD287.59K).

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

Board Members

Experienced Board: ALMUN's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/27 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31