NasdaqCM:MNTX

Stock Analysis Report

Executive Summary

Manitex International, Inc. provides engineered lifting solutions worldwide.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Manitex International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MNTX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MNTX

-3.1%

US Machinery

-1.3%

US Market


1 Year Return

-14.8%

MNTX

17.1%

US Machinery

22.0%

US Market

Return vs Industry: MNTX underperformed the US Machinery industry which returned 22.4% over the past year.

Return vs Market: MNTX underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

MNTXIndustryMarket
7 Day0%-3.1%-1.3%
30 Day3.4%-2.5%1.6%
90 Day-1.4%3.4%8.9%
1 Year-14.8%-14.8%19.3%17.1%24.7%22.0%
3 Year-35.7%-35.7%37.0%28.2%49.4%39.7%
5 Year-47.9%-47.9%77.2%55.9%78.1%58.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Manitex International undervalued compared to its fair value and its price relative to the market?

1.42x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MNTX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MNTX's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MNTX is good value based on its PB Ratio (1.4x) compared to the US Machinery industry average (2.5x).


Next Steps

Future Growth

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

103.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNTX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: MNTX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MNTX's is expected to become profitable in the next 3 years.

Revenue vs Market: MNTX's revenue (2.7% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: MNTX's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MNTX's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

How has Manitex International performed over the past 5 years?

-30.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNTX is currently unprofitable.

Growing Profit Margin: MNTX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MNTX is unprofitable, and losses have increased over the past 5 years at a rate of -30.9% per year.

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

Earnings vs Industry: MNTX is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (9.6%).


Return on Equity

High ROE: MNTX has a negative Return on Equity (-23.4%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Manitex International's financial position?


Financial Position Analysis

Short Term Liabilities: MNTX's short term assets ($130.0M) exceed its short term liabilities ($67.0M).

Long Term Liabilities: MNTX's short term assets ($130.0M) exceed its long term liabilities ($56.4M).


Debt to Equity History and Analysis

Debt Level: MNTX's debt to equity ratio (82.5%) is considered high.

Reducing Debt: MNTX's debt to equity ratio has increased from 55.1% to 82.5% over the past 5 years.


Balance Sheet

Inventory Level: MNTX has a high level of physical assets or inventory.

Debt Coverage by Assets: MNTX's debt is covered by short term assets (assets are 2x debt).


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: MNTX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: MNTX has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 72.8% each year.


Next Steps

Dividend

What is Manitex International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if MNTX'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 MNTX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Steve Filipov (51yo)

0.3yrs

Tenure

0

Mr. Stoyan Filipov, also known as Steve, serves as Chief Executive Officer and Director of Manitex International, Inc since September 1, 2019. Mr. Filipov had been the President of Terex Cranes, Inc. at Te ...


Management Age and Tenure

2.0yrs

Average Tenure

51yo

Average Age

Experienced Management: MNTX's management team is considered experienced (2 years average tenure).


Board Age and Tenure

10.7yrs

Average Tenure

69yo

Average Age

Experienced Board: MNTX's board of directors are seasoned and experienced ( 10.7 years average tenure).


Insider Trading

Insider Buying: MNTX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$30,84013 Nov 19
Ruoru Yu
EntityIndividual
Role
Chief Financial Officer
Senior VP
Shares5,000
Max PriceUS$6.20
BuyUS$89,85012 Nov 19
Stoyan Filipov
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares15,000
Max PriceUS$5.99
BuyUS$29,57810 Sep 19
Stoyan Filipov
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares5,000
Max PriceUS$5.92
BuyUS$66,79905 Sep 19
Stoyan Filipov
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares11,736
Max PriceUS$5.76

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.4%.


Management Team

  • David Gransee (67yo)

    Senior Vice President

    • Tenure: 2.4yrs
    • Compensation: US$257.59k
  • Steve Filipov (51yo)

    CEO & Director

    • Tenure: 0.3yrs
  • Scott Rolston

    Senior Vice President of Strategic Planning

    • Tenure: 10.4yrs
  • Sherman Jung (51yo)

    VP of Financial Reporting & Secretary

    • Tenure: 1.9yrs
    • Compensation: US$295.38k
  • Steve Kiefer (52yo)

    President & COO

    • Tenure: 2.1yrs
    • Compensation: US$550.04k
  • Laura Yu (48yo)

    Senior VP

    • Tenure: 1.7yrs
    • Compensation: US$284.13k

Board Members

  • Steve Tober (54yo)

    Independent Director

    • Tenure: 12.1yrs
    • Compensation: US$86.56k
  • Marvin Rosenberg (78yo)

    Independent Director

    • Tenure: 13.4yrs
    • Compensation: US$206.56k
  • David Langevin (68yo)

    Executive Chairman

    • Tenure: 13.5yrs
    • Compensation: US$494.83k
  • Robert Gigliotti (70yo)

    Independent Director

    • Tenure: 15.2yrs
    • Compensation: US$194.76k
  • Steve Filipov (51yo)

    CEO & Director

    • Tenure: 0.3yrs
  • Ingo Schiller (51yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$66.56k
  • Ronald Clark (71yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$86.56k
  • Fred Knox (78yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$86.56k

Company Information

Manitex International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manitex International, Inc.
  • Ticker: MNTX
  • Exchange: NasdaqCM
  • Founded: 1993
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$112.244m
  • Shares outstanding: 19.69m
  • Website: https://www.manitexinternational.com

Number of Employees


Location

  • Manitex International, Inc.
  • 9725 Industrial Drive
  • Bridgeview
  • Illinois
  • 60455
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNTXNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDFeb 2005
VE8DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2005

Biography

Manitex International, Inc. provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction. In addition, the company manufactures rough terrain cranes and material handling products for construction, municipality, and railroad industries; and truck mounted hydraulic knuckle boom cranes. Further, it offers mobile tanks for petrochemical, waste management, and oil and gas drilling markets; and repair services, as well as supplies repair parts for various medium to heavy duty construction equipment; and rents equipment. The company operates under the Manitex, PM, Oil & Steel, Badger, Sabre, and Valla brands. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/26 00:13
End of Day Share Price2020/01/24 00:00
Earnings2019/09/30
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.