| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
MIDS Stock Overview
Midsummer AB (publ) develops and supplies equipment for manufacturing CIGS thin film solar cells in Sweden.
Midsummer Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr12.10 |
| 52 Week High | kr18.58 |
| 52 Week Low | kr8.55 |
| Beta | 0.026 |
| 1 Month Change | 16.12% |
| 3 Month Change | 21.73% |
| 1 Year Change | 0.33% |
| 3 Year Change | -58.20% |
| 5 Year Change | n/a |
| Change since IPO | -46.58% |
Recent News & Updates
Does Midsummer (STO:MIDS) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Is Midsummer (STO:MIDS) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Shareholder Returns
| MIDS | SE Semiconductor | SE Market | |
|---|---|---|---|
| 7D | 0.7% | -0.3% | -2.3% |
| 1Y | 0.3% | -48.7% | -23.1% |
Return vs Industry: MIDS exceeded the Swedish Semiconductor industry which returned -48.7% over the past year.
Return vs Market: MIDS exceeded the Swedish Market which returned -23.1% over the past year.
Price Volatility
| MIDS volatility | |
|---|---|
| MIDS Average Weekly Movement | 6.2% |
| Semiconductor Industry Average Movement | 7.6% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in SE Market | 12.9% |
| 10% least volatile stocks in SE Market | 4.6% |
Stable Share Price: MIDS is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MIDS's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 103 | Sven Lindström | https://www.midsummer.se |
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 platform 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.
Midsummer Fundamentals Summary
| MIDS fundamental statistics | |
|---|---|
| Market Cap | kr819.67m |
| Earnings (TTM) | -kr52.38m |
| Revenue (TTM) | kr120.73m |
6.8x
P/S Ratio-15.6x
P/E RatioIs MIDS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MIDS income statement (TTM) | |
|---|---|
| Revenue | kr120.73m |
| Cost of Revenue | kr96.39m |
| Gross Profit | kr24.34m |
| Other Expenses | kr76.72m |
| Earnings | -kr52.38m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 31, 2022
| Earnings per share (EPS) | -0.77 |
| Gross Margin | 20.16% |
| Net Profit Margin | -43.39% |
| Debt/Equity Ratio | 67.8% |
How did MIDS perform over the long term?
See historical performance and comparisonValuation
Is MIDS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MIDS?
Other financial metrics that can be useful for relative valuation.
| What is MIDS's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | kr819.67m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 7.6x |
| Enterprise Value/EBITDA | -44.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does MIDS's PS Ratio compare to its peers?
| MIDS PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.9x | ||
OBDU B Obducat | 4.2x | n/a | kr219.3m |
SMOL Smoltek Nanotech Holding | 32.8x | n/a | kr217.2m |
SIVE Sivers Semiconductors | 12.2x | 56.0% | kr2.0b |
A196490 DA TechnologyLtd | 2.4x | n/a | ₩114.9b |
MIDS Midsummer | 6.8x | 41.7% | kr819.7m |
Price-To-Sales vs Peers: MIDS is good value based on its Price-To-Sales Ratio (6.8x) compared to the peer average (12.9x).
Price to Earnings Ratio vs Industry
How does MIDS's PE Ratio compare vs other companies in the European Semiconductor Industry?
Price-To-Sales vs Industry: MIDS is good value based on its Price-To-Sales Ratio (6.8x) compared to the Swedish Semiconductor industry average (9.5x)
Price to Sales Ratio vs Fair Ratio
What is MIDS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 6.8x |
| Fair PS Ratio | 3x |
Price-To-Sales vs Fair Ratio: MIDS is expensive based on its Price-To-Sales Ratio (6.8x) compared to the estimated Fair Price-To-Sales Ratio (3x).
Share Price vs Fair Value
What is the Fair Price of MIDS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate MIDS's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate MIDS's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Midsummer forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
41.7%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MIDS's forecast earnings growth is above the savings rate (0.4%).
Earnings vs Market: Insufficient data to determine if MIDS's earnings are forecast to grow faster than the Swedish market
High Growth Earnings: Insufficient data to determine if MIDS's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MIDS's revenue (41.7% per year) is forecast to grow faster than the Swedish market (10.9% per year).
High Growth Revenue: MIDS's revenue (41.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MIDS is forecast to be unprofitable in 3 years.
Discover growth companies
Past Performance
How has Midsummer performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-65.1%
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 65.1% 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 (59.9%).
Return on Equity
High ROE: MIDS has a negative Return on Equity (-17.65%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Midsummer's financial position?
Financial Health Score
3/6Financial 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: MIDS's short term assets (SEK360.5M) exceed its short term liabilities (SEK34.3M).
Long Term Liabilities: MIDS's short term assets (SEK360.5M) exceed its long term liabilities (SEK204.9M).
Debt to Equity History and Analysis
Debt Level: MIDS's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: MIDS's debt to equity ratio has increased from 12.5% to 67.8% 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: MIDS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MIDS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.5% each year
Discover healthy companies
Dividend
What is Midsummer current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
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.
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 MIDS has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average board tenure
CEO
Sven Lindström (54 yo)
no data
Tenure
kr3,067,000
Compensation
Mr. Sven Lindström is the Co-Founder of Midsummer AB and serves as its Chief Executive Officer and has been its Director since 2004. Prior to Midsummer AB, Mr. Lindström worked in the optical disc industry...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Sven's total compensation is reasonable compared to companies of similar size in the Swedish market.
Compensation vs Earnings: Sven's compensation has increased whilst the company is unprofitable.
Board Members
Experienced Board: MIDS's board of directors are not considered experienced ( 1.6 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 been diluted in the past year, with total shares outstanding growing by 14.5%.
Top Shareholders
Company Information
Midsummer AB (publ)'s employee growth, exchange listings and data sources
Key Information
- Name: Midsummer AB (publ)
- Ticker: MIDS
- Exchange: OM
- Founded: NaN
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: kr819.671m
- Shares outstanding: 67.74m
- Website: https://www.midsummer.se
Number of Employees
Location
- Midsummer AB (publ)
- Elektronikhojden 6
- Järfälla
- Stockholm County
- 175 43
- Sweden
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/07 00:00 |
| End of Day Share Price | 2022/08/05 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.