AIM:MPAC

Stock Analysis Report

Executive Summary

Mpac Group plc provides packaging solutions and related support services and systems primarily to the pharmaceutical, healthcare, food and beverage, and nicotine delivery sectors worldwide.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

How has Mpac Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

MPAC

-2.7%

GB Machinery

-0.4%

GB Market


1 Year Return

53.1%

MPAC

-2.2%

GB Machinery

2.9%

GB Market

Return vs Industry: MPAC exceeded the UK Machinery industry which returned -2.2% over the past year.

Return vs Market: MPAC exceeded the UK Market which returned 2.9% over the past year.


Shareholder returns

MPACIndustryMarket
7 Day1.7%-2.7%-0.4%
30 Day-9.2%-6.8%-1.4%
90 Day-5.7%-9.5%-2.1%
1 Year53.1%53.1%0.7%-2.2%8.0%2.9%
3 Year248.6%248.6%18.1%9.4%18.0%3.6%
5 Year142.1%114.0%23.0%6.3%35.8%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MPAC (£1.83) is trading below our estimate of fair value (£5.23)

Significantly Below Fair Value: MPAC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MPAC is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: MPAC is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MPAC is good value based on its PB Ratio (0.7x) compared to the GB Machinery industry average (1.8x).


Next Steps

Future Growth

How is Mpac Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

54.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: MPAC's revenue (9.2% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: MPAC's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPAC's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has Mpac Group performed over the past 5 years?

-57.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MPAC is unprofitable, and losses have increased over the past 5 years at a rate of -57.3% per year.

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

Earnings vs Industry: MPAC is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (8%).


Return on Equity

High ROE: MPAC has a negative Return on Equity (-5.05%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MPAC is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MPAC is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Mpac Group's financial position?


Financial Position Analysis

Short Term Liabilities: MPAC's short term assets (£51.8M) exceeds its short term liabilities (£36.8M)

Long Term Liabilities: MPAC's short term assets (51.8M) exceeds its long term liabilities (25.8M)


Debt to Equity History and Analysis

Debt Level: MPAC's debt to equity ratio (1.8%) is considered satisfactory

Reducing Debt: MPAC's debt to equity ratio has reduced from 26.7% to 1.8% over the past 5 years.

Debt Coverage: MPAC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if MPAC's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: MPAC has a low level of unsold assets or inventory.

Debt Coverage by Assets: MPAC's debt is covered by short term assets (assets are 57.555550x debt).


Next Steps

Dividend

What is Mpac Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%5.4%industryaverage3.0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: MPAC is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MPAC's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Mpac Group's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Tony Steels 0

3.3yrs

Tenure

UK£404,000

Compensation

Dr. Antony Steels also known as Tony, has been Chief Executive Officer and Director of Mpac Group plc since June 6, 2016. Dr. Steels served as Managing Director of Process Materials at UMECO plc since May  ...


CEO Compensation Analysis

Compensation vs. Market: Tony's total compensation ($USD524.35K) is about average for companies of similar size in the UK market ($USD320.52K).

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


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: MPAC's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: MPAC's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£9,95603 May 19
Andrew Kitchingman
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6,682
Max PriceUK£1.49

Ownership Breakdown


Management Team

  • Tony Steels

    CEO & Director

    • Tenure: 3.3yrs
    • Compensation: UK£404.00k
  • Dan Murthi

    Sales & Marketing Director

    • Tenure: 0yrs
  • Mark Aldridge

    Managing Director of Molins Far East Pte Ltd

    • Tenure: 0yrs
  • Will Wilkins (45yo)

    Group Finance Director & Director

    • Tenure: 1.3yrs
    • Compensation: UK£188.78k
  • Duncan Tyler

    Secretary

    • Tenure: 0.8yrs

Board Members

  • John Davies (70yo)

    Non-Executive Director

    • Tenure: 8.8yrs
    • Compensation: UK£50.00k
  • Tony Steels

    CEO & Director

    • Tenure: 3.3yrs
    • Compensation: UK£404.00k
  • Doug Robertson (65yo)

    Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: UK£8.00k
  • Andrew Kitchingman (54yo)

    Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: UK£65.00k
  • Will Wilkins (45yo)

    Group Finance Director & Director

    • Tenure: 1.3yrs
    • Compensation: UK£188.78k

Company Information

Mpac Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mpac Group plc
  • Ticker: MPAC
  • Exchange: AIM
  • Founded: 1874
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: UK£35.982m
  • Shares outstanding: 19.82m
  • Website: https://www.mpac-group.com

Number of Employees


Location

  • Mpac Group plc
  • 13 Westwood Way
  • Westwood Business Park
  • Coventry
  • West Midlands
  • CV4 8HS
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MPACAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992

Biography

Mpac Group plc provides packaging solutions and related support services and systems primarily to the pharmaceutical, healthcare, food and beverage, and nicotine delivery sectors worldwide. The company des ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:40
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.