Midsummer
Market Cap
kr618.0m
Last Updated
2020/05/28 09:09 UTC
Data Sources
Company Financials
Executive Summary
Midsummer AB (publ) develops and supplies equipment for manufacturing CIGS thin film solar cells in Sweden.
Snowflake Analysis
Imperfect balance sheet and overvalued.
Share Price & News
How has Midsummer's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIDS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.2%
MIDS
7.7%
SE Semiconductor
3.4%
SE Market
1 Year Return
-42.7%
MIDS
-36.9%
SE Semiconductor
5.4%
SE Market
Return vs Industry: MIDS underperformed the Swedish Semiconductor industry which returned -36.9% over the past year.
Return vs Market: MIDS underperformed the Swedish Market which returned 5.4% over the past year.
Shareholder returns
| MIDS | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.2% | 7.7% | 3.4% |
| 30 Day | 3.6% | 1.4% | 6.6% |
| 90 Day | 17.6% | 5.7% | -5.9% |
| 1 Year | -42.7%-42.7% | -36.7%-36.9% | 6.8%5.4% |
| 3 Year | n/a | 62.9%51.0% | 10.7%-4.3% |
| 5 Year | n/a | 112.0%88.8% | 25.7%1.4% |
Price Volatility Vs. Market
How volatile is Midsummer's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Can We See Significant Insider Ownership On The Midsummer AB (publ) (STO:MIDS) Share Register?2 months ago | Simply Wall St
Investors Who Bought Midsummer (STO:MIDS) Shares A Year Ago Are Now Down 24%3 months ago | Simply Wall St
Can We See Significant Insider Ownership On The Midsummer AB (publ) (STO:MIDS) Share Register?Valuation
Is Midsummer undervalued compared to its fair value and its price relative to the market?
6.12x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MIDS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MIDS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MIDS is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: MIDS is unprofitable, so we can't compare its PE Ratio to the Swedish market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MIDS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MIDS is good value based on its PB Ratio (6.1x) compared to the SE Semiconductor industry average (6.1x).
Next Steps
Future Growth
How is Midsummer forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
23.4%
Forecasted Semiconductors 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 Midsummer 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
- Take a look at our analysis of MIDS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Midsummer competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Semiconductors industry.
Past Performance
How has Midsummer performed over the past 5 years?
-24.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIDS is currently unprofitable.
Growing Profit Margin: MIDS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MIDS is unprofitable, and losses have increased over the past 5 years at a rate of -24% per year.
Accelerating Growth: Unable to compare MIDS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MIDS is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-20.9%).
Return on Equity
High ROE: MIDS has a negative Return on Equity (-46.47%), as it is currently unprofitable.
Next Steps
Financial Health
How is Midsummer's financial position?
Financial Position Analysis
Short Term Liabilities: MIDS's short term assets (SEK258.0M) exceed its short term liabilities (SEK34.1M).
Long Term Liabilities: MIDS's short term assets (SEK258.0M) exceed its long term liabilities (SEK213.4M).
Debt to Equity History and Analysis
Debt Level: MIDS's debt to equity ratio (209.4%) is considered high.
Reducing Debt: MIDS's debt to equity ratio has increased from 22.1% to 209.4% 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: Insufficient data to determine if MIDS has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MIDS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Midsummer's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MIDS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MIDS'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 MIDS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MIDS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MIDS's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
kr2m
CEO Compensation
CEO
Sven Lindström (51yo)
no data
Tenure
kr2,081,011
Compensation
Mr. Sven Lindström is one of the founders of Midsummer AB and serves as its Chief Executive Officer and Director. Prior to founding Midsummer AB, Mr. Lindström worked in the optical disc industry. He start ...
CEO Compensation Analysis
Compensation vs Market: Sven's total compensation ($USD215.65K) is about average for companies of similar size in the Swedish market ($USD214.64K).
Compensation vs Earnings: Sven's compensation has increased whilst the company is unprofitable.
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
Midsummer AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Midsummer AB (publ)
- Ticker: MIDS
- Exchange: OM
- Founded:
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: kr618.044m
- Shares outstanding: 30.90m
- Website: https://www.midsummer.se
Location
- Midsummer AB (publ)
- Elektronikhojden 6
- Jarfalla
- 175 43
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MIDS | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Jun 2018 |
Biography
Midsummer AB (publ) develops and supplies equipment for manufacturing CIGS thin film solar cells in Sweden. It offers Duo, a fully automatic deposition system for CIGS solar cell manufacturing; UNO, a research and development system for CIGS and CZTS solar cells; and flexible and lightweight modules for PV applications in membrane roofs, portable power plants, marine installations, vehicle usage, landfill covers, or other infrastructure projects. The company is headquartered in Järfälla, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/28 09:09 |
| End of Day Share Price | 2020/05/27 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.