Mycronic AB (publ), together with its subsidiaries, develops, manufactures, and sells production equipment to the electronics industry.
Excellent balance sheet with moderate growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MYCR exceeded the Swedish Electronic industry which returned 19.9% over the past year.
Return vs Market: MYCR exceeded the Swedish Market which returned 7.7% over the past year.
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 week ago | Simply Wall StHave Insiders Been Buying Mycronic AB (publ) (STO:MYCR) Shares This Year?
3 weeks ago | Simply Wall StWhy We Like Mycronic AB (publ)’s (STO:MYCR) 21% Return On Capital Employed
1 month ago | Simply Wall StShould You Investigate Mycronic AB (publ) (STO:MYCR) At kr169?
Is Mycronic undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MYCR (SEK172.3) is trading above our estimate of fair value (SEK162.66)
Significantly Below Fair Value: MYCR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MYCR is poor value based on its PE Ratio (29x) compared to the Electronic industry average (22.2x).
PE vs Market: MYCR is poor value based on its PE Ratio (29x) compared to the Swedish market (20.4x).
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 (5.5x) compared to the SE Electronic industry average (3x).
How is Mycronic forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYCR's forecast earnings growth (14.3% per year) is above the savings rate (0.5%).
Earnings vs Market: MYCR's earnings (14.3% per year) are forecast to grow slower than the Swedish market (17.2% per year).
High Growth Earnings: MYCR's earnings are forecast to grow, but not significantly.
Revenue vs Market: MYCR's revenue (6.8% per year) is forecast to grow faster than the Swedish market (6.2% per year).
High Growth Revenue: MYCR's revenue (6.8% 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 (21.5%)
How has Mycronic performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYCR has high quality earnings.
Growing Profit Margin: MYCR's current net profit margins (14.8%) are lower than last year (23.3%).
Past Earnings Growth Analysis
Earnings Trend: MYCR's earnings have grown by 17.6% 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 (-39.6%) over the past year, making it difficult to compare to the Electronic industry average (-6.6%).
Return on Equity
High ROE: MYCR's Return on Equity (19%) is considered low.
How is Mycronic's financial position?
Financial Position Analysis
Short Term Liabilities: MYCR's short term assets (SEK3.1B) exceed its short term liabilities (SEK1.6B).
Long Term Liabilities: MYCR's short term assets (SEK3.1B) exceed its long term liabilities (SEK546.0M).
Debt to Equity History and Analysis
Debt Level: MYCR's debt to equity ratio (1.5%) 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 (1693.3%).
Interest Coverage: MYCR's interest payments on its debt are well covered by EBIT (373x coverage).
What is Mycronic current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MYCR's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.61%).
High Dividend: MYCR's dividend (1.16%) is low compared to the top 25% of dividend payers in the Swedish market (5.07%).
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 (33.7%), 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 (39.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Anders Lindqvist (53yo)
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 ($USD926.12K) is about average for companies of similar size in the Swedish market ($USD923.26K).
Compensation vs Earnings: Insufficient data to compare Anders's compensation with company performance.
|President & CEO||1.17yrs||kr8.52m||0.012% SEK2.1m|
|Chief Financial Officer||3.58yrs||no data||0.027% SEK4.5m|
|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||0.25yr||no data||0.031% SEK5.1m|
|Senior Vice President of Human Resources||1.92yrs||no data||0.00054% SEK91.1k|
|Senior Vice President of Pattern Generators||24.5yrs||no data||0.023% SEK3.8m|
|Senior Vice President of Global Functions||2.5yrs||no data||0.0020% SEK344.2k|
|Acting Senior Vice President of Assembly Solutions High Flex||0.33yr||no data||no data|
|Senior Vice President of Assembly Solutions High Volume||0.25yr||no data||no data|
Experienced Management: MYCR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
|Independent Director||2.17yrs||kr375.00k||no data|
|Chairman of the Board||8.5yrs||kr775.00k||0.24% SEK40.5m|
|Independent Director||10.25yrs||kr325.00k||0.0020% SEK344.2k|
|Director||0.083yr||no data||no data|
|Employee Representative Director||1.17yrs||no data||no data|
|Independent Director||2.17yrs||kr315.00k||no data|
|Employee Representative Director||1.17yrs||no data||0.00010% SEK16.9k|
|Independent Director||1.17yrs||kr275.00k||0.0031% SEK516.3k|
Experienced Board: MYCR's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mycronic AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Mycronic AB (publ)
- Ticker: MYCR
- Exchange: OM
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: kr16.871b
- Shares outstanding: 97.92m
- Website: https://www.mycronic.com
Number of Employees
- Mycronic AB (publ)
- NytorpsvAegen 9
- Box 3141
- Stockholm County
- 183 03
|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|
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 Generators. The Assembly Solutions segment provides surface mount technology (SMT) and inspection solutions for the electronics manufacturers; material handling and automated storage solutions; production equipment for the dispensing mounting adhesives and conformal coating of circuit boards; and assembling and testing of camera modules and die bonding systems for microelectronics and optoelectronics markets. This segment also offers software tools for the control of electronics production, including tools for job preparation and planning, control of material flows, data analysis, and traceability; and SIGMA Link, a process control software for the manufacture of circuit boards, linking solder paste inspection (SPI) and automated optical inspection (AOI) data in order to measure, control, and predict process variations. The Pattern Generators segment provides mask writers to produce advanced photomasks for displays used in the manufacture of mobile phones, tablets, TVs, and computers; and measuring machines that perform quality assurance of photomasks through accurate measurement of the written pattern’s positioning. The company also provides systems and system upgrade services; and spare parts and accessories. It serves augmented reality/virtual reality electronics, aerospace, aviation, defense, automotive, energy, medical, IT, and telecommunications industries; and manufacturers of photomasks. The company sells its products through agents and distributors in Sweden, other European countries, the United States, Asia, and internationally. The company was formerly known as Micronic Mydata AB (publ) and changed its name to Mycronic AB (publ) in June 2014. Mycronic AB (publ) is headquartered in Täby, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/08 20:54|
|End of Day Share Price||2020/07/08 00:00|
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.