Executive Summary
Mycronic AB (publ), together with its subsidiaries, develops, manufactures, and sells production equipment to the electronics industry.
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Mycronic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MYCR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.2%
MYCR
0.1%
SE Electronic
0.7%
SE Market
1 Year Return
23.3%
MYCR
30.4%
SE Electronic
16.9%
SE Market
Return vs Industry: MYCR underperformed the Swedish Electronic industry which returned 32.6% over the past year.
Return vs Market: MYCR exceeded the Swedish Market which returned 16.2% over the past year.
Shareholder returns
| MYCR | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | 0.1% | 0.7% |
| 30 Day | -4.1% | 6.5% | 3.5% |
| 90 Day | -3.9% | 20.1% | 16.0% |
| 1 Year | 24.8%23.3% | 30.7%30.4% | 18.6%16.9% |
| 3 Year | 127.7%114.1% | 50.4%45.6% | 30.1%16.4% |
| 5 Year | 279.7%226.9% | 89.1%76.4% | 43.4%15.0% |
Price Volatility Vs. Market
How volatile is Mycronic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Mycronic AB (publ)'s (STO:MYCR) Stock's Recent Performance A Reflection Of Its Financial Health?1 week ago | Simply Wall St
Does Mycronic (STO:MYCR) Have A Healthy Balance Sheet?3 weeks ago | Simply Wall St
Results: Mycronic AB (publ) Exceeded Expectations And The Consensus Has Updated Its EstimatesValuation
Is Mycronic undervalued compared to its fair value and its price relative to the market?
29.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MYCR (SEK165.9) is trading above our estimate of fair value (SEK156.5)
Significantly Below Fair Value: MYCR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MYCR is good value based on its PE Ratio (29.5x) compared to the SE Electronic industry average (30.6x).
PE vs Market: MYCR is poor value based on its PE Ratio (29.5x) compared to the Swedish market (21.8x).
Price to Earnings Growth Ratio
PEG Ratio: MYCR is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: MYCR is overvalued based on its PB Ratio (5x) compared to the SE Electronic industry average (3.3x).
Next Steps
Future Growth
How is Mycronic forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
14.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYCR's forecast earnings growth (14.5% per year) is above the savings rate (0.5%).
Earnings vs Market: MYCR's earnings (14.5% per year) are forecast to grow slower than the Swedish market (19.8% per year).
High Growth Earnings: MYCR's earnings are forecast to grow, but not significantly.
Revenue vs Market: MYCR's revenue (7.2% per year) is forecast to grow faster than the Swedish market (6.4% per year).
High Growth Revenue: MYCR's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MYCR's Return on Equity is forecast to be high in 3 years time (20.6%)
Next Steps
Past Performance
How has Mycronic performed over the past 5 years?
13.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYCR has high quality earnings.
Growing Profit Margin: MYCR's current net profit margins (14.1%) are lower than last year (23.5%).
Past Earnings Growth Analysis
Earnings Trend: MYCR's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: MYCR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MYCR had negative earnings growth (-46.4%) over the past year, making it difficult to compare to the Electronic industry average (-22.8%).
Return on Equity
High ROE: MYCR's Return on Equity (17.2%) is considered low.
Next Steps
Financial Health
How is Mycronic's financial position?
Financial Position Analysis
Short Term Liabilities: MYCR's short term assets (SEK3.4B) exceed its short term liabilities (SEK1.6B).
Long Term Liabilities: MYCR's short term assets (SEK3.4B) exceed its long term liabilities (SEK530.0M).
Debt to Equity History and Analysis
Debt Level: MYCR's debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MYCR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MYCR's debt is well covered by operating cash flow (268.5%).
Interest Coverage: MYCR's interest payments on its debt are well covered by EBIT (236x coverage).
Balance Sheet
Next Steps
Dividend
What is Mycronic current dividend yield, its reliability and sustainability?
1.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYCR's dividend (1.21%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.38%).
High Dividend: MYCR's dividend (1.21%) is low compared to the top 25% of dividend payers in the Swedish market (4.95%).
Stability and Growth of Payments
Stable Dividend: MYCR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MYCR 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 (35.5%), MYCR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MYCR's dividends in 3 years are forecast to be well covered by earnings (39.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Anders Lindqvist (53 yo)
1.25yrs
Tenure
kr8,520,000
Compensation
Mr. Anders Lindqvist has been President and Chief Executive Officer of Mycronic AB (publ) since May 16, 2019. Mr. Lindqvist's position was at Piab Group, where he served as Chief Executive Officer since 20 ...
CEO Compensation Analysis
Compensation vs Market: Anders's total compensation ($USD974.96K) is about average for companies of similar size in the Swedish market ($USD957.00K).
Compensation vs Earnings: Insufficient data to compare Anders's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 1.25yrs | kr8.52m | 0.012% SEK 2.0m | |
| Chief Financial Officer | 3.67yrs | no data | 0.027% SEK 4.4m | |
| Director Investor Relations | no data | no data | no data | |
| Acting Director of IR & Corporate Communications | no data | no data | no data | |
| SVP of Corporate Development & Deputy CEO | 0.33yr | no data | 0.031% SEK 5.1m | |
| Senior Vice President of Human Resources | 2yrs | no data | 0.00054% SEK 89.6k | |
| Senior Vice President of Pattern Generators | 24.58yrs | no data | 0.023% SEK 3.8m | |
| Senior Vice President of Global Functions | 2.58yrs | no data | 0.0021% SEK 340.1k | |
| Acting Senior Vice President of Assembly Solutions High Flex | 0.42yr | no data | no data | |
| Senior Vice President of Assembly Solutions High Volume | 0.33yr | no data | no data | |
| Senior Vice President of Assembly Solutions Global Technologies | no data | no data | 0.0025% SEK 409.8k | |
| Director of Product Area Manager PG | no data | no data | no data |
1.6yrs
Average Tenure
55.5yo
Average Age
Experienced Management: MYCR's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.25yrs | kr375.00k | no data | |
| Chairman of the Board | 8.58yrs | kr775.00k | 0.24% SEK 39.9m | |
| Independent Director | 10.33yrs | kr325.00k | 0.0021% SEK 340.1k | |
| Independent Board Member | 0.17yr | no data | no data | |
| Employee Representative Director | 1.25yrs | no data | no data | |
| Independent Director | 2.25yrs | kr315.00k | no data | |
| Employee Representative Director | 1.25yrs | no data | 0.00010% SEK 16.6k | |
| Independent Director | 1.25yrs | kr275.00k | 0.0031% SEK 509.4k |
1.8yrs
Average Tenure
54.5yo
Average Age
Experienced Board: MYCR's board of directors are not considered experienced ( 1.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Mycronic AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mycronic AB (publ)
- Ticker: MYCR
- Exchange: OM
- Founded:
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: kr16.592b
- Shares outstanding: 97.78m
- Website: https://www.mycronic.com
Number of Employees
Location
- Mycronic AB (publ)
- NytorpsvAegen 9
- Box 3141
- Täby
- Stockholm County
- 183 03
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MYCR | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Shares | SE | SEK | Mar 2000 |
| 0MQG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | SEK | Mar 2000 |
| MLT | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2000 |
| MYCRS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | SEK | Mar 2000 |
Biography
Mycronic AB (publ), together with its subsidiaries, develops, manufactures, and sells production equipment to the electronics industry. The company operates in two segments, Assembly Solutions and Pattern ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/10 21:14 |
| End of Day Share Price | 2020/08/10 00:00 |
| Earnings | 2020/06/30 |
| 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.